Your Monkey Mind đ
Ever felt restless while trading? Like your thoughts are swinging wildly from one idea to the nextâbuy this, sell that, what if I lose, what if I miss out? Thatâs your Monkey Mind at work. It thrives on fear, greed, and overthinking, pulling you away from clarity and discipline.
Years ago, I began practicing Kriya Yogaâa discipline that includes pranayamas (breathing exercises to control energy), meditation, and visualization. These practices became my superpower. Visualization, in particular, is a game-changer: by vividly imagining your goals and success while staying emotionally grounded, you train your mind to stay calm and focused even in the most volatile markets. (Btw, read Autobiography of a Yogiâamazing book.)
Hereâs how you can train your mind:
1. Meditation: Start smallâjust 5 minutes a day. Focus on your breath and observe your thoughts without judgment. Over time, youâll build the ability to detach from impulsive emotions.
2. Visualization: Before a trading session, visualize executing your strategy calmly and with confidence. This primes your mind for discipline and focus.
3. A Solid Plan: Before entering a trade, know your entry, stop loss, and take-profit levels. Having a plan prevents your Monkey Mind from taking over when things get intense.
4. Daily Reflection: Journal your trades at the end of the day. Where did you stay disciplined? Where did your emotions take over? This awareness will sharpen your edge.
Train your mind to stay calm, focused, and disciplinedâitâs the foundation of successful trading.
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