Today we’re going to talk about meditation and how it can help improve your trading process and boost your profits. Of course many people object to meditation, chalking it up to some spiritual practice that doesn’t have tangible results. But that is false. For proof, look no further than Ray Dalio, the billionaire founder of Bridgewater — the most successful hedge fund of all time. If he swears by it, I’m sure we can find some benefits in it too. In this video we’ll discuss how meditation can help you in both trading and life as well as a step by step process on how to meditate yourself.
The core benefit of meditation is that it combines the conscious and subconscious minds. Most of the cognitive dissonance we feel is when these two parts of ourselves are in conflict. Your conscious mind wants something while your subconscious wants something else. This causes stress. Meditation helps alleviate that.
As Ray Dalio says in his interview with Gary Vee, the subconscious is also where creativity comes from. Being able to tap into that through meditation will unlock a treasure trove that you can use in your everyday life.
Overtime meditation will also help you achieve a flow state more easily. That flow state where everything is clicking, time passes by extra fast, and you feel more effective than ever is notoriously elusive. But through frequent meditation it’s possible to make that flow state more accessible and easier to tap into. That’s the benefit of having more control over your mind.
The trick with meditation is to practice it consistently. That’s when you’ll get the most benefits. In the video above we discuss a step by step process of how to do that. Make sure to watch till the end to find out!
And as always, stay Fallible out there investors!