Mytradersstateofmind – Developing Mindfulness: The Observer of Thought
What is trading?
While buy-and-hold investors wait out less profitable positions, traders seek to make profits within a specified period of time and often use a protective stop-loss order to automatically close out losing positions at a predetermined price level. Traders often employ technical analysis tools, such as moving averages and stochastic oscillators, to find high-probability trading setups.
Trading involves more frequent transactions, such as the buying and selling of stocks, commodities, currency pairs, or other instruments. The goal is to generate returns that outperform buy-and-hold investing. While investors may be content with annual returns of 10% to 15%, traders might seek a 10% return each month. Trading profits are generated by buying at a lower price and selling at a higher price within a relatively short period of time. The reverse also is true: trading profits can be made by selling at a higher price and buying to cover at a lower price (known as “selling short”) to profit in falling markets.
This is one of the same Guided Meditations I use to teach Mindfulness in our Individual Course.
And it is very different from anything available on our website for non-Course participants.
In this ADVANCED Guided Meditation you will learn how to separate yourself from the mind’s thoughts and slow the thought down – WITHOUT GETTING ATTACHED TO THE THOUGHT.
Developing the Observer is one of the critical skills needed for developing the mind for trading. This guided meditation teaches you this essential skill.