396: Mastering the Trading Mindset: Insights from a Pro Trader - Gary Dayton
Desire To Trade Podcast | Forex Trading & Interviews with Highly Successful Traders
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The Importance of Mindfulness in Trading
Meditation is the formal practice of mindfulness. Mindfulness is the application of it and the informal practice of it. What mindfulness or meditation starts to teach you about is really important in this trade. It teaches us that thoughts are impermanent. They're temporary. We don't have to respond to them as if they were command that we have to do. Most of the time, especially in trading, those thoughts are going to be inaccurate. And what's accurate is our trading plan, not the stuff that's going on in our heads during the middle of the day.
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