Meditation :mastering the monkey brain

[foroom lluzers]

Every day, before I start trading , I always meditate 1 hour a day , I have been practicing meditation within a buddhist and yogic tradition. Working with a meditation teacher the entire time, as of this writing, I have logged well over 6,000 hours of meditation practice.

Meditation will help traders follow their systems.To trade succesfully without mistakes , a trader needs to be in a transcendent state in which there is neither suffering, desire, nor sense of self.There are plenty of youtube videos for meditation.

The benefits of meditation are well documented, yet most traders come up with endless excuses why they can’t find the time to meditate daily it. Meditation increases your ability to focus and slows down your mind. Learning to observe everything on your charts in slow motion is an art you should develop. It will give you an immense trading edge.

http://www.nhs.uk/news/2007/October/Pages/Meditationreducesstressandimprovesmood.aspx

Paying more attention to the present moment – to your own thoughts and feelings, and to the world around you – can improve your mental wellbeing.It's easy to stop noticing the world around us. It's also easy to lose touch with the way our bodies are feeling and to end up living 'in our heads' – caught up in our thoughts without stopping to notice how those thoughts are driving our emotions and behaviour.

http://www.trade2win.com/boards/educational-resources/161540-trading-journey-self-discovery-4.html


Traders make mistakes and plenty of them.Traders also lose their discipline for many reasons.

http://www.trade2win.com/boards/educational-resources/223432-mistakes-make-losing-traders.html

http://www.trade2win.com/boards/psy...t/223388-rewire-brain-trading-perfection.html

http://www.trade2win.com/boards/psy...ment/223300-mind-traps-affecting-traders.html

http://www.trade2win.com/boards/educational-resources/142316-why-traders-lose-their-discipline.html


https://www.youtube.chttp://www.tra...-ruin-your-trading.htmlom/watch?v=wirV265ZYSw


Traders are like monkeys , they suffer from the MONKEY BIAS, THEY DO MONKEY BUSINESS ON LIVE ACCOUNTS

Humans are very clever and we get clever , when it is not in our interests .When given a highly profitable system , we second guess systems , because we are smart and smarter than the creator of the system.We are like monkeys and do monkey business on live accounts .It is called self sabotage.

http://www.trade2win.com/boards/psy...452-best-psychology-videos-2.html#post2901374

 

[foroom lluzers]

'Gekko syndrome'
So why do banks recruit these gamblers in the first place?"What I have observed is a big emphasis in banks on technical competence - high cognitive ability or IQ," says Mr Curnier."When it comes to EQ [Emotional Quotient], my sense is that people are not spending a lot of time focusing on that."

Does the "high roller" image of Gordon Gekko attract the wrong kind of candidate?
EQ is a measure of individuals' ability to manage their emotions and their relations with others, developed by psychologist Daniel Goleman.Mr Curnier says many traders suffer from "Gekko syndrome", like the "greed is good" anti-hero of the film Wall Street.They lack self-awareness - the ability to understand their own emotions and how they affect others

http://www.anderson.ucla.edu/faculty/keith.chen/papers.htm

http://www.anderson.ucla.edu/faculty/keith.chen/papers/Final_JPE06.pdf

http://www.bbc.co.uk/news/business-19849147

 

[piphoe]

An hour per day of meditation?! No way could I sit quietly for that length of time

I could probably do 10 mins. but be ancy at the end of that!

 

[foroom lluzers]

An hour per day of meditation?! No way could I sit quietly for that length of time

I could probably do 10 mins. but be ancy at the end of that!

Here

 

[foroom lluzers]

 

[foroom lluzers]

 

[foroom lluzers]

 

[foroom lluzers]

 

[foroom lluzers]

 

[Inquisitor]

In all meditation techniques the reference is to "Monkey Mind" and not "Monkey Brain" and is to do with the way the thoughts of the mind (and not the brain) like to act in the same way as mischievous monkeys do so is that what you meant in the thread title?

 

[foroom lluzers]

Mischievous monkeys behave due to several different triggers of arousal , depending on what is in the mind.

 

[AashiAggarwal]

It is necessary to do yoga for everyone

 

[foroom lluzers]

 

[Pat494]

 

[foroom lluzers]

 

[shadowninja]

An hour per day of meditation?! No way could I sit quietly for that length of time

I could probably do 10 mins. but be ancy at the end of that!

Try 2 minutes a day, then.

 

[Pat494]

Try 2 minutes a day, then.

I see you are from French Polynesia.
What a paradise they say.
Or do you envy our sleet and snow ?

 

[shadowninja]

I might have lied and be actually based in SW London.

 

[vimal1]

Meditation

I think this is a great article and some good disciplines that can be instilled here
To the question below as to why banks employ "gamblers", well these days banking is very different and Meditation is a "new well being concept" relatively speaking.
These days also , banking is no longer gambling but moreso a flow business. That means that because of the likes of Volker Regulation, proprietary trading is seriously curtailed and therefore the tag of employed traders being gamblers should wane over the coming decades as the industry adjusts to their new business model. However, this tag will hang over the industry still for a decade or more still

Every day, before I start trading , I always meditate 1 hour a day , I have been practicing meditation within a buddhist and yogic tradition. Working with a meditation teacher the entire time, as of this writing, I have logged well over 6,000 hours of meditation practice...........

 

[Brumby]

I have a question for those that actually practice meditation in developing the trading mind. What outcomes are you targeting as a consequence of the effort? It is a very specific question and so I appreciate that if you can't provide a specific answer do not reply because I do not wish to end up with some abstract transcendental conversation.