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HOW TO Overcome the CYBERFOMO. Life as a Chart.Hello Friends! In the midst of volatile market periods like the present, I pen these words with a deep understanding of their significance. Today, numerous coins have soared by +100%, leaving many behind in their meteoric rise. Perhaps you were among those who went "short" and faced losses. The emotional turmoil in such situations is palpable, and I wish to address it. Maybe I will be able to help you get over the FOMO or the stress of a loss. At the end of this article, I'll share specific methods for interacting with your psyche, but for now - I'll break down how it works. --------------------- Part 1. Intro --------------------- Every trader is familiar with the chart that constantly flickers before them. But have you ever pondered its deeper meaning? What if this chart was more than just numbers and trends? What if it mirrored life itself? Before we delve deeper, I invite you to watch this video . It beautifully encapsulates an individual's growth journey. We all aim for the pinnacle, but the path is rarely straightforward. A swift ascent demands immense strength, critical mass and momentum. Without these, the rise is short-lived, much like an airplane without the necessary thrust. Don't get me wrong, you can jump out with a parachute during the plane crash, if you have time. And if you have your parachute ready. But you'll still land. Just softer. Anyways. What's my point? --------------------- Part 2. The Chart of Life --------------------- You can witness life by looking at a trading chart. I won't go into the details of the fundamentals of market relationships and how it relates to evolution today. Just think of a chart as the ascent of a person. A birth. All of us have different initial conditions. Somebody's born into a famous family. A lot of people know about you instantly. You get a lot of attention. You feel loved, cared for. Large sums of money are deposited for your future, university, etc. Everyone gives you gifts. Others are born into ordinary families, or poor families. And not many people worry about these children. Mostly only their parents believe in them. And even that, not always. Then the child grows up. At first he can not take responsibility for himself, so adults support him so far. From time to time he faces difficulties, but he is helped and supported. Or not. In this case, the child falls, and less and less believes in himself, forming complexes. Passing such life lessons, he becomes an adult. He already knows how to deduce his own lessons and decide in which direction he will go. He makes friends, is noticed at work, paid money, trusted. But a crisis happens inevitably, sometimes without a single visible hint. Difficult relationships, family problems, loss of loved ones, loss of money. He falls into darkness. Sometimes he manages to get out, briefly feeling better for a while, but soon the realization comes that it was not yet the end of the darkness. Falling again. And again. And again. And now he's at his lowest point, Nadir. Almost no one believes in him. Except.. Except those who have seen in him something that lies beyond his appearance. Those who have seen the light within him. Still dim, but so pure. Those who have seen his very essence. Sometimes they can help him see his light. Sometimes they just watch, entrusting him with the burden, knowing he can handle it. Only by turning his mule into a foundation he is now able to push off. They begin to talk about him. About what they actually see in him. Other people begin to show their interest too. Stories start to be told about him, turn into legends, he grows in stature, they re-invest in him. From now on, they have seen how he has met his challenges on his own. From now on, no matter where he falls in future, no matter what will happen in the world - they will believe in him, believe that he can and he will do his best to get up again and again until his last hour comes. --------------------- Part 3. Spotting Potential --------------------- If you've overlooked an opportunity or been deceived, Rejoice. Just be glad that it succeeded! After all, it's an indicator that anything is possible! All you have to do is watch others more closely. There are tons of such personalities, i.e. projects in the world – from offline businesses to the realms of web3, blockchain, NFTs, games. Learn to discern the genuine from the counterfeit. Learn to see the light, the hidden potential. Understand how projects navigate failures, and you'll begin to spot the diamonds amidst the ordinary.. And don't be upset if you missed a diamond or if it turns out to be fake. After all, at that particular moment, you may find YOURSELF entering into the complex game of establishing a personality through a fall. By already knowing the possibilities of rising from the ashes, by keeping it in your mind, you can also rise as a phoenix. In the grand scheme of life, every setback is a lesson, every challenge an opportunity. Believe in yourself. Find your foundation. Become your support. Turn it into a foundation. And work your way back up by doing your best. And rise, time and again. --------------------- Part 4. Practice. Stress relief --------------------- If you ever find yourself at a low point, remember: Breathe: Engage in breathwork like the Wim Hof method. ˜20 mins Embrace the Cold: A cold shower or ice bath can rejuvenate you. Don't forget to breath. ˜5-10 mins Meditate: Focuse on your body, your emotions, and then your psycho-emotional background. Observe it all without judgment. Practice Hatha Yoga: Delve into its spiritual depths. Educate Yourself: Listen to enlightening lectures, such as those by Jordan Peterson. (Personality series as well as his Bible lecture series. You will discover many new things). Seek Therapy: Discuss and understand your emotions. Empower with Knowledge: Educate yourself. Make informed decisions and act when you're ready. --------------------- Hope you could find this helpful. Yours truly, 👁️ A.I.Vision
Education
by A_I_Vision
Trade Mindfully:How Meditation Can Help You Thrive in the MarketMeditation is an incredible tool that can help a trader in many ways, both emotionally and mentally. It can bring calmness to the chaos of the stock market and provide a sense of clarity that is often difficult to achieve. When you meditate, you foster mindfulness that can carry forward to your next task. This helps you to keep a clear focus on what you need to do next, whether it is to hit the trading floor or simply take a shower. By being present in the moment, you can better focus on what you need to be in your best frame of mind for trade. Meditation can help you to control your state of mind, so you can filter out unnecessary information. You then can better concentrate on what is important, and your ability to understand the situation can be heightened. It enhances your patience and enables you to think outside the box. Most importantly, meditation puts you in a better shape to deal with the volatility of the stock market. By focusing on positivity and reducing unhealthy thoughts, meditation helps you to stay calm and collected, even in the most stressful situations. This, in turn, keeps you from having a mental breakdown after a difficult day of trading. Some days, even meditation cannot completely take away the blues, and that's perfectly okay. What matters most is that you set aside time to focus on your mental wellbeing. Meditation is a powerful tool that can help you to achieve greater emotional and mental balance, enabling you to perform your best as a trader. Now, Take a deep breath and meditate on this for a moment....
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COINBASE:BTCUSDEducation
by FOREXN1
20
/GC hit my low todayThis may NOT work at all, but back on March 26th I "asked" in meditation, or quiet time, "What is the next low in /GC?" Answer was 1839. I don't track gold every day or anything, but when I looked today I noticed price has gottent to the drawing on my chart for a low at 1839! So it was exciting to see the LOD is actually 1838.70 and it's bounced since. Anything can happen, of course, but I do have some other information to look for a move up in miners in June. So maybe this is the start of it. I hope, but this should be a longer term low if it works.
AMEX:GLDLong
by JenRz
Significance of Meditation💯Do you face at least some of these problems in trading? Intervene in trading by constantly re-evaluating the market. You have discipline problems. Fear of opening the next trade after one or more losses. Greed as a result of several trades with large profits. Opening positions that are more risky than allowed by the Money Management rules. Increasing risks. Do not consider each trade as an independent situation, unreasonably believing that they represent a sequence, where each unprofitable automatically increases the chances of profitability in the next. It is a fairly common belief that about 70% or more of your trading success is the result of the right mindset, and it is not charts and trading skills that determine success. Meditation gives you a holistically realistic view of life. It creates a state of purity and peace of the inner world so much that profitable and unprofitable trades are perceived the same . They become simply events that do not have an emotional component and do not disturb your peace of mind. The Buddha said that you should practice joyfully participating in the suffering of the world. This does not mean that you should strive for losses! This means that when you receive them (and you will certainly be like any other trader), you will see them as a lesson taught to you by the market, and learn to accept it with gratitude, and not as a personal tragedy that destroys your a life. Basic Trader Meditation Technique If you just want to start somewhere, there is a very simple form of meditation that anyone can easily master. Just repeat this every day for five days in a row, and then analyze the result. Find a comfortable place to sit with your back straight. You can sit against a wall, on the floor, or in a chair. Choose what is most convenient for you. Close your eyes and then inhale and exhale deeply and evenly. You only need to breathe through your nose. When breathing through the mouth, an internal state of fear can be activated and a fight-or-flight response can occur, similar to trying to escape from an attacking animal. Concentrate on your breathing and try not to think about anything else. To do this, slowly count to five during inhalation and exhalation. Your breathing will gradually become even. If that helps, you can imagine a blank white movie screen in front of you. It can help you clear your mind of automatic thoughts and just relax. Continue doing this for five minutes. If you need to accurately time the time, set a timer with a soft and soft sound signal. Before you open your eyes, take one last deep breath and imagine yourself calm and collected. Then exhale, get up slowly and continue your day. Have good trades, my dear friends. Hope you enjoyed🔥 P.S. Leave your meditation techniques below in the comments📭
Education
by Berzerk_invest
4
Overcoming Emotions and Zen TradingOvercoming Emotions Most traders want to "overcome" their emotions. They view thoughts and emotions as the enemy which prevents them from succeeding in the market. This is a false perception. Yes emotions and thoughts can lead to actions in the market, but they are impossible to remove. So long as you are human you will have emotions and thoughts. There is an alternative to removing them, and that is to use them to your advantage in the market. By practicing mindfulness, which is awareness of thoughts, emotions, and perceptions, you can learn to recognize how these affect your trading performance. By recognizing and being aware of them, you have a chance to change the outcome. For instance if you consistently enter poor trades due to fear of missing out. When you become aware of this fear you can learn to stop yourself from entering and avoid the poor trades that hurt your performance. There is a direct correlation between how you feel about yourself or the market, and how you perform. If you are worried about money you will overly focus on risk or prices going against your position even if only slightly, and likely make a mistake by exiting too soon. Or you do not want to take the loss and will hold the trade too long, hoping the market will let you off the hook with a smaller loss. What is Zen Trading about? Zen trading is a mindset of flowing with the market without hesitation, being aware of and trading along side emotions, and making actions intuitively rather than forcefully. A Zen trader remains in a relaxed, effortless state of mind; without any internal struggle. He does not attach his self worth to his performance at any given time, and is unhindered by market outcomes. He acts on his edge when it is present without hesitating, and takes what the market gives him when it is time to do so. He trusts himself, his strategy, and the market to provide him with a consistent performance over time; whether or not he makes money on this trade, today, or this week. He is aware of the bigger picture; the Tao or life, and knows there is more to life than trading or money. Trading is not his life. It is simply something he does to earn a living, and he seeks to maintain a Zen spirit in his trading and actions in the market. *If you find this analysis helpful please like! Feel free to comment or ask questions.
COINBASE:BTCUSDEducation
by tradersmentality
Overcoming Emotions and Zen TradingOvercoming Emotions Most traders want to "overcome" their emotions. They view thoughts and emotions as the enemy which prevents them from succeeding in the market. This is a false perception. Yes emotions and thoughts can lead to actions in the market, but they are impossible to remove. So long as you are human you will have emotions and thoughts. There is an alternative to removing them, and that is to use them to your advantage in the market. By practicing mindfulness, which is awareness of thoughts, emotions, and perceptions, you can learn to recognize how these affect your trading performance. By recognizing and being aware of them, you have a chance to change the outcome. For instance if you consistently enter poor trades due to fear of missing out. When you become aware of this fear you can learn to stop yourself from entering and avoid the poor trades that hurt your performance. There is a direct correlation between how you feel about yourself or the market, and how you perform. If you are worried about money you will overly focus on risk or prices going against your position even if only slightly, and likely make a mistake by exiting too soon. Or you do not want to take the loss and will hold the trade too long, hoping the market will let you off the hook with a smaller loss. What is Zen Trading about? Zen trading is a mindset of flowing with the market without hesitation, being aware of and trading along side emotions, and making actions intuitively rather than forcefully. A Zen trader remains in a relaxed, effortless state of mind; without any internal struggle. He does not attach his self worth to his performance at any given time, and is unhindered by market outcomes. He acts on his edge when it is present without hesitating, and takes what the market gives him when it is time to do so. He trusts himself, his strategy, and the market to provide him with a consistent performance over time; whether or not he makes money on this trade, today, or this week. He is aware of the bigger picture; the Tao or life, and knows there is more to life than trading or money. Trading is not his life. It is simply something he does to earn a living, and he seeks to maintain a Zen spirit in his trading and actions in the market. *If you find this analysis helpful please like! Feel free to comment or ask questions.
by tradersmentality
1
Introduction to Trading PsychologyIntroduction to Trading Psychology Learning to read a price chart takes a while, but is relatively straight forward. It is obvious learning how to read a price chart alone is not what leads to consistent profits. So, what is it that separates the very few successful traders from the so many failures? Is it their strategy, their money management skills, IQ, were they born with a different skill set than most, do they work harder than most, or are they just plain lucky? All of this sounds plausible, but are they really the driving factor behind consistent profits? The short answer is no, none of the above. Perhaps we have been looking for the answer in the wrong place all along. In fact, most traders never even consider the possibility that it is their attitude or mental habits which prevent their success. What truly separates the winners from the losers has nothing to do with external factors, but rather what goes on internally while observing and engaging the market, or in other words; a trader's mentality.
Education
by tradersmentality