The meditation-and-the-brain research has been rolling in steadily for a number of years now.
Although a lot of the earlier studies were flawed and yielded unreliable results, more recent reviews have pointed out many of these flaws with the hope of guiding current research into a more fruitful path.
Significant changes often accompany the death of certain illusions. So here’s something that will significantly change the way you think of your trader’s mindset — thereby improving it.
Emotional pain is one of the most common ways that our mind reacts to a loss, or a string of them.
Below is a list of common questions/ comments your mind makes when you lose, which often stir up or intensify unpleasant feelings.
I don’t know how long you’ve been trading but I’ve been doing it for over 10 years now. After everything is said and done, what I’ve noticed is that the endeavor is purely psychological in nature.
Now, you might be saying, “Well no, a market edge and a risk management plan have to come first. Without those, there’s no trading, only gambling.”
So in the previous posts, I shared some quotes from some of Stoicism’s major leaders – Marcus Aurelius, Epictetus, and Seneca.
If you don’t know what stoicism is, and if you want to know who these people were, check out part 1 of this 5 part series of articles: What Is Stoicism And How It Can Help You Become A Better Trader
First of all, I want to say this: When people usually think of “philosophy,” they think talking or lecturing, or even reading long, dense books… So their eyes glaze over. It’s the last thing they want, let alone something they need. Especially not in trading.
But this is naive.