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Flexibility — Why Traders Need It And How To Develop It

Flexibility -- Why Traders Need It And How To Develop It

Only when you can be extremely pliable and soft can you be extremely hard and strong. — Zen Proverb

Flexibility (or call it pliability or openness) helps us deal with everything the market likes to throw our way — uncertainty, loss, change,…

To be flexible is to not be stuck in your ways and to be open to change. This allows you to take on challenges with a smile.

Therefore, flexibility is a quality that invites peace. It is an art, and like all arts, with practice, you can become exceptionally good at it.

I’m not always that flexible, you know?

Of course, that’s what I strive for, and it’s always a work in progress. But when I’m not being flexible, I can feel it: I feel frustrated, disappointed, irritated; my mind starts to feel rigid. I do not want things to be the way they are. I want them to be my way. This is mainly because I’m being caught up in whatever story I’m telling myself at the moment.

If you notice what happens when you’re telling yourself a story about what’s happening, you’ll see that you are at the center of it all.

You’re telling yourself how so-and-so did this, how that happened, how it should have been, and so on, and how all of this is affecting you — you are at the center of this movie playing in your mind.

It’s natural to think this way… there’s nothing wrong with that. But many of our difficulties arise from this self-centered view of the world.

When you interpret things as they relate to you, by extension you are stuck in a dualistic worldview that isn’t always helpful.

Here’s an example.

Let’s say you place a trade — the market goes up and nearly hits your target but then heads right back down and hits your stop-loss. With the “Me show” airing in your mind, the response is frustration, despair, disbelief, anger… quite possibly disgust.

There’s you here at the center of it all and there’s the market there, and you’re here perceiving every action or reaction as good or bad based on how they relate to you.

So, when something “bad” happens, you automatically feel the need to defend yourself. Because you’re here, and the market is right there and it’s making a direct attack on you.

That’s what you think, consciously or unconsciously. And it’s not just in the market, we interpret everything else in those terms.

But what if we were to remove ourselves from the picture?

Well, it’s very simple: Our minds naturally want to interpret things, place them in little boxes and categorize them: “This is good for me”; “This is bad.” But when we drop that habit of judging and categorizing (essentially, putting ourselves at the center), what we notice is freedom. When you’re just going with the flow of things and not thinking about yourself constantly, possibilities open up.

How to be flexible.

As said earlier, my own flexibility is a work in progress. So I can’t say I’m an expert yet. If anything, I’m adequate. So I can only write here what’s working for me at the moment, in all good faith, based on my best knowledge and experience at the time of this writing.

First, you need to work on becoming more aware of the stories you tell yourself in the moment. This is a very important step.

Next, starting noticing how you are constantly putting yourself at the center.

Then see if you can remove yourself from the center of the story.

What would the story be without you in it?

For me, that story becomes something like this: An unexpected trading loss? How interesting! What can be learned from that? What can be understood about the way things are?

And if there is still difficulty and rigidity in my mind, I ask myself how I can relax into it.

I observe the tightness. If I notice frustration and tightness arising, I immediately bring my attention to that. The tightness comes from the stories that naturally arise. I observe that too and I continually relax and loosen my grip.

I stay with the feelings and just observe them. While the story may still arise, I don’t keep feeding them. And as the feelings linger, I see them as ‘things’ that are arising in my awareness – like clouds passing across the sky. I explore that with curiosity.

I give my feelings the space to do their thing and to just be. That’s right. It’s all about acceptance. It’s OK to feel whatever I’m feeling! Acceptance is peace.

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Yvan
I've been trading for a living since 2006. By merging mindfulness (an in-depth study of the mind and its tendencies in the present moment), a good trading process, and an efficient business practice, I went from being a losing trader to a consistently profitable one. Through my work here at Trading Composure, I aim at helping you do the same.
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