Why You Should Meditate - And How To Start

16 nov 2022

Hello traders,

All the below are based on my preferences, I don't give any financial recommendations and I have nothing to sell you with this article.
I'm sharing content because I see a lot of traders being/becoming broke and I don't want you to be one of them.

Why to meditate?

It will help you closing these unsolved thoughts that come from living and are based on fear, pain, ...

Eventually, you will have resolved all of these unsolved issues, and you get into a state of bliss and peace = true happiness.

If you can get there, it changes your life.

Protocol to get started

- Timeline: 60 days

- Duration: up to 1 hour a day, start with 5 minutes your first time but the end goal is reaching 1 hour a day.
I started with 5 minutes, then added about 5/10 minutes more every week

- Protocol: First thing to do in the morning - No music, No sound, No apps.
Get super comfy because you don't wanna move for the next hour.

If you really struggle to stay within yourself, you can use an app or any guided meditation content - there are plenty for free on Youtube and Spotify.

Why do I even meditate?

I'm doing it every day as it helps turning off my "monkey mind"

You know that state of mind when we take trades we shouldn't or with a position size we shouldn't :)
Basically, acting like animals living in a pretty blank state...living in the moment.... following their instincts, feelings, wants.

Trading is very often going against what I feel.

Then, meditation helped me kind of suppressing this "FOMO/FEAR/OH CRAP I HAVE TO TAKE THAT TRADE BECAUSE EVERYONE IS IN IT" state of mind

When we let the monkey mind governing us, we may develop a strong self of self/ego.
We then tend to see the world as we want and mold it to our desires and preconceived notions, instead of seeing it as it actually is.

The huge issue with this is it leads us to trade based on on our vision of the World and not based on the charts.

For an investment or a SWING trade, it's always uncomfortable and painful to see it as it is.

How many times was I plain wrong and I held because I wanted to believe it would sort itself out and I'll end up making a profit.
The longer I waited to react and cut my losses, the higher the odds that trade could wreck me

Anyone else got in that situation?

Conclusion

The mind should be a servant and a tool, not a master.

My monkey mind should NOT control and drive me 24/7.

I want to break the habit of uncontrolled thinking, which is very hard.


Quotes of the day

- “Meditation is not about stopping thoughts, but recognising that we are more than our thoughts and our feelings.” — Arianna Huffington

- “Mediation is not spacing out or running away. In fact, it is being totally honest with ourselves” – Kathleen McDonald

- “I meditate so that my mind cannot complicate my life” – Sri Chinmoy

- “Meditation is like a gym in which you develop the powerful mental muscles of calm and insight.”– Ajahn Brahm

- “Meditation is not about feeling a certain way. It's about feeling the way you feel.” — Dan Harris


I'll keep bringing a few articles like this every week because it helps me clarifying my thoughts AND giving back to the community makes me feel good about myself somehow :)

Thank you for reading
Dave