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     spider
Member
Username: spider
Post Number: 2404
Registered: 10-2002Rating: 
Votes: 1
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| | Wednesday, February 22, 2006 - 04:24 pm: |  
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If your mind isn’t clouded by unnecessary things, this is the best season of your life.
Zen Master.
Phil Jackson is a legendary NBA basketball coach who led the ‘Bulls’ and the ‘Lakers’ to multiple championships.
He managed the impossible, when he convinced a group of obscenely well paid athletes to sacrifice their personal glory for the glory of the team.
One of the weapons that he uses is meditation.
Basketball is a game where things can happen very quickly, and so is trading.
If our minds are full of junk we find it difficult to make decisions, all the chatter distracts us from our true task, pulling the trigger when our system tells us to.
Meditation, or ‘mindfulness’ is a technique that we can use to clear our minds of all the unnecessary chatter.
It is an excellent way to control analysis paralysis.
The stress from trading can wear you down over time, so that you need to take a break from it for a while.
Meditation is like a mini holiday, and you can take that break as many times as you need to during a trading day.
WARNING: meditation takes practice and persistence. It took me quite a while before I could still my mind on command, but the rewards are worth the work.
Spider.
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redbellie
Member
Username: redbellie
Post Number: 42
Registered: 04-2005Rating: N/A
Votes: 0
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| | Wednesday, February 22, 2006 - 05:58 pm: |
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Hi Spider,
Good stuff! Could you recommend a link on practicing meditation please? I guess there are loads of self help stuff on it.
One other thing, I found an excellent doc on Remapping the Mind: Cognitive Therapy for Traders in Zoso's link in the "Time to heed the reality" thread.
There is also a sample of a log for which you add your thoughts as you trade.
http://www.brettsteenbarger.com/Remapping%20the%20Mind.doc
cognitive psychology:
n : an approach to psychology that emphasizes internal mental processes
RB.
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brian916
Member
Username: brian916
Post Number: 22
Registered: 08-2003Rating: N/A
Votes: 0
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| | Wednesday, February 22, 2006 - 07:40 pm: |
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Nice one spider and redbellie
Paul Wilson, the "calm man" has written
some good books.
Calm for Life, The Calm Technique,
Little Book of Calm etc.
Cheers, Brian
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chart_rider
Member
Username: chart_rider
Post Number: 156
Registered: 01-2005Rating: N/A
Votes: 0
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| | Wednesday, February 22, 2006 - 07:44 pm: |
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redbellie
Through google you will find it quite easy to find sites that describe the basic methods for different types of meditation.
When I started, not so long ago, I discovered that the principles are quite straight forward and having read a few sites found it possible to start practicing, with no guru teachings.
The more practice the better, but even when first starting, the results and benefits are immediate. At least one thing different to trading, it's not possible to lose, the experience is win-win.
It was trading, I guess combined with all the rest of life's demands and information overload that inspired me to start, and the effects have certainly helped me improve my approach to trading.
CR
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redbellie
Member
Username: redbellie
Post Number: 43
Registered: 04-2005Rating: N/A
Votes: 0
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| | Wednesday, February 22, 2006 - 08:14 pm: |
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Thanks Brian and CR!
Did a search on Paul Wilson and this popped up:
http://www.journeyofhearts.org/jofh/kirstimd/calm.htm
...next minute I almost fell asleep doing that breathing/face exercise! 
"I guess combined with all the rest of life's demands and information overload that inspired me to start"
Yep, know what you mean 
Cheers RB
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smallworld
Member
Username: smallworld
Post Number: 391
Registered: 01-2004Rating: N/A
Votes: 0
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| | Wednesday, February 22, 2006 - 11:15 pm: |
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10 years ago, I read a book called The Miracle of Mindfulness by Thich Nhat Hanh, translated in English by Mobi Ho.
A passage in the preface struck a chord with me
"There was the time I was cooking furiously and could not find a spoon I'd set down amid a scattered pile of pans and ingredients. As I searched here and there. Thay [a monk] entered the kitchen and smiled. He asked, "What is Mobi looking for? " Of course, I answered, "The spoon!" I'm looking for a spoon!" Thay answered, again with a smile, "No, Mobi is looking for Mobi"
So next time when you're looking for your keys, mobile phone or your wallet, you know what you're REALLY looking for.
Cheers
(Message edited by smallworld on February 23, 2006)
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spider
Member
Username: spider
Post Number: 2406
Registered: 10-2002Rating: N/A
Votes: 0
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| | Thursday, February 23, 2006 - 11:47 am: |
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brian916,
have you seen the first episode of the English comedy series "Black Books"?
spider
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brian916
Member
Username: brian916
Post Number: 23
Registered: 08-2003Rating: N/A
Votes: 0
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| | Thursday, February 23, 2006 - 07:38 pm: |
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Spider, No
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elisabeth
Member
Username: elisabeth
Post Number: 282
Registered: 09-2002Rating: N/A
Votes: 0
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| | Friday, February 24, 2006 - 04:15 am: |
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Spider, I have! Your post reminded me I have a DVD of 6 episodes, including the first, the Calm. A great series with a couple of great characters . Must watch them again this weekend!
Elisabeth
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redbellie
Member
Username: redbellie
Post Number: 47
Registered: 04-2005Rating: N/A
Votes: 0
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| | Friday, February 24, 2006 - 08:25 pm: |
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"have you seen the first episode of the English comedy series "Black Books"?"
Spider, t's rather bad news I'm afraid, my Little Book of Calm is lodged between my small intestine and pancreas. If it rotates a centimetre or two to the left, I'll be dead in seconds 
BTW be on the lookout for things that make you laugh. If you see thing not worth laughing at, pretend you see it then laugh! 
RB
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