Today we’re going to talk about meditation and how it can help improve your trading process and boost your profits. Of course many people object to meditation, chalking it up to some spiritual practice that doesn’t have tangible results. But that is false. For proof, look no further than Ray Dalio, the billionaire founder of Bridgewater — the most successful hedge fund of all time. If he swears by it, I’m sure we can find some benefits in it too. In this video we’ll discuss how meditation can help you in both trading and life as well as a step by step process on how to meditate yourself.
The core benefit of meditation is that it combines the conscious and subconscious minds. Most of the cognitive dissonance we feel is when these two parts of ourselves are in conflict. Your conscious mind wants something while your subconscious wants something else. This causes stress. Meditation helps alleviate that.
As Ray Dalio says in his interview with Gary Vee, the subconscious is also where creativity comes from. Being able to tap into that through meditation will unlock a treasure trove that you can use in your everyday life.
Overtime meditation will also help you achieve a flow state more easily. That flow state where everything is clicking, time passes by extra fast, and you feel more effective than ever is notoriously elusive. But through frequent meditation it’s possible to make that flow state more accessible and easier to tap into. That’s the benefit of having more control over your mind.
The trick with meditation is to practice it consistently. That’s when you’ll get the most benefits. In the video above we discuss a step by step process of how to do that. Make sure to watch till the end to find out!
And as always, stay Fallible out there investors!
***All content, opinions, and commentary by Fallible is intended for general information and educational purposes only.
@Fallible you do it the buddha's way, the real way, wich is the right way to do it. here the book with real teaching about maditation and karma http://watnapp.com/media/Anapanasati.pdf http://etipitaka.org/watnafiles/static_media/Ending_of_Kamma_English_version_25.pdf.
Or just pray every day - that's better than meditation, if you do it right - it helps you be accountable for your thoughts and actions, express gratitude and other emotions, reflect, plan, and check all that white noise at the door before you start each day.
Fallible "My beautiful, majestic, wonderful smelling..." Not Ray Dalio, your intro. Take it for what it's worth but you go a little overboard with the compliments in your intro imho. Just my 2 cents. Thanks for sharing the content though. We could all learn a thing or two from Ray.
I think you have to follow your trading strategy, discipline, risk management before able to do meditation. You can't meditate inside a burning house, but you can meditate in a calm and peaceful mountain. For example, today stock market is red. If you didn't your HW before, you will be panicking today, can't meditate and did something stupid and emotional. But if you did your HW in the past, you stay calm as a cucumber today and actually looking for an oppurtunity in the market you've been waiting for. I'm calm as cucumber today and I didn't meditate, but I might consider it in the future :)
Agree with ya. Absolutely need to have your plan in place before hand. But the meditation is supposed to help you actually STICK to that plan when the time comes. And that's hard to do if your emotions are swirling.
Fallible hey AK not yet but I did audible bob roth book which dalio is pushing. It explains TM. But yah the TM people make you take a course then you get 1 on 1 sessions with a certified person who learned from the masters. I plan to find the lady in my area and just do it to gain new insights.
Hey Phil. Look into Michael sealeys channel here at youtube. I usually put his "meditation/hypnosis sessions" before sleeping. Since I started listening to them I've been sleeping like a baby and waking up alert and ready to take action in the markets.
Great AK that you're promoting this topic!
Yea definitely. Can start with 5 or something and work up.
One thing that happens to myself and others is that the first 80% of the session will be constant mind wandering. Then the last 20% will finally be the calmness we were trying to get to. It varies day to day though, so keep at it!
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