The treatments come from ancient eastern traditions linked with Buddhism and yoga. Although people associate mindfulness with spiritual practice, it is a practical mental skill that everyone can take advantage of. This changed the landscape of Western psychology. For traders, attention has many important advantages.
New research shows that practicing mindfulness in Silicon Valley can change the structure of the brain. The researchers examined the brain's gray matter to see if it changed after training attention.
Image Source: Google
What does caution mean to traders?
Many advantages can attract traders' attention:
We can read the market better if we are careful. Treatment increases concentration and attention. As brain research has shown, it also improves memory and aids learning. Traders can help themselves better read and understand complex market patterns and movements by practicing mindfulness.
Reducing emotional trading. Attention helps us regulate emotions. This research tells us that the brain's emotional center is positively influenced by the practice of mindfulness. By exercising mindfulness, we can inoculate ourselves from an emotional run and emotional abduction – the curse of consistent run.
Develop a consistent and accurate perspective. We are still there when we are careful. We see reality. Past events (recent bias) or projections for the future are less likely to affect trading.