Mindfulness
There’s a nice article by Gary Dayton in the December issue of SFO magazine on mindfulness. After a quirk review of the destructive power of fear for any trader, he shows how just staying in the present is your greatest weapon in combating those fears.
It’s a technique that seems so simple. And it is. Unfortunately, that doesn’t make it easy.
The effort is most definitely worthwhile. If you’re a beginner trade then adding mindfulness to your psychological toolkit will leapfrog your trading skills forward. There’s even the off chance that it might help you in other areas of your life. Stress and fear, meet your nemesis.
Live and breathe in the present. It’s all you’ve got.
Related Posts:
- Intuition and Market Bias
- How traders deal with uncertainty
- The edge is me
- Short and sharp
- Climbing the forex mountain
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