Meditate on this

...cont'd from yesterday...

The process of meditation involves quieting the mind. Practiced frequently and regularly, you might well get into the habit of always having a quiet mind. I find it enjoyable but not directly helpful in trading.

Doing meditation before trading has not worked for me. When I come out of meditation and address a trading platform, I find that I need to review my Trading Plan as to what I’m supposed to do. Then my self-talk kicks in and starts interefering with my trading.

Doing meditation while in the middle of a trade is not something I have tried. But I don’t think it would help. You need to be alert to detect exit cues.

I guess it might be worthwhile to learn meditation for the purpose of quieting your mind in general because that’s what happens when you do practice meditation for a long time. I emphasize “long” in “long time”. But then by the time you train your mind through meditation to keep quiet while you trade, you might have burned up all your trading capital.

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