D4YTR4D3R's Mindfulness Meditation Experiment - Psychology and Money Management | futures io social day trading
futures io futures trading


D4YTR4D3R's Mindfulness Meditation Experiment
Updated: Views / Replies:3,774 / 21
Created: by AttitudeTrader Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

D4YTR4D3R's Mindfulness Meditation Experiment

  #1 (permalink)
Attitude is everything.
Dallas, TX, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, T4
Broker/Data: IQFeed
Favorite Futures: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 857 received

D4YTR4D3R's Mindfulness Meditation Experiment

This thread is going to be centered around the book by Google-engineer-turned-personal-growth-coach called Search Inside Yourself (Get it? Google; Search?).

Through the spirit of sharing here at Big Mike's I found myself watching the YouTube video of Meng, the Google engineer (about 1 hour – he's a little difficult to understand at times but gets the point across) discussing his book and "Mindfulness Meditation."

Before I had even finished the video, I had searched my local library, found that they had the book, and immediately went to get it.

By page 35 I was sold on this book. I've read tons of positive-thinking and meditation books, so I'm not easily “sold” on this kind of book. I'm also not finished with it yet, so I still reserve the right to make a final determination.

But I was sold because of a couple of paragraphs on pages 34 and 35 describing one of the main “issues” I have with my meditation or focusing exercises, and that is the question, “Why are my thoughts all over the place? Am I doing it wrong?” And for most of us I think that quickly leads to frustration and then eventually quitting. It says:

Quoting 
“One important similarity between exercise and meditation is that, in both cases, growth comes from overcoming resistance. For example, when you are weight training, every time you flex your biceps in resistance to the weight of the dumbbells, your bicep muscles grow a little bit stronger. The same process happens during meditation. Every time your attention wanders away from your breath and you bring it back, it is like flexing your biceps – your “muscle” of attention grows a bit stronger.

The implication of this insight is that there is no such thing as a bad meditation. For many of us, when we meditate, we find our attention wanders away from our breath a lot, and we keep having to bring it back, and then we think we're doing it all wrong. In fact, this is a good exercise because every time we bring a wandering attention back, we are giving our muscles of attention an opportunity for growth.”

The fact that he is able to discuss and explain a topic like meditation from the perspective of an engineer (rather than a guru who speaks in enigmatic ways that I don't really get) is a breath of fresh air for me and makes the subject infinitely more applicable, which is what I'm after.

So I'm going to run an experiment here. I want to see if this book will give me the clarity and framework I need in order to meditate (and operate) in a way that has a positive effect on my work and life. I'll try to share the journey here and report the results.

I hope you enjoy it and find it helpful.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------

Last edited by AttitudeTrader; July 17th, 2012 at 10:33 AM.
Reply With Quote
The following 14 users say Thank You to AttitudeTrader for this post:
 
  #2 (permalink)
Quick Summary
Quick Summary Post

Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

 
  #3 (permalink)
Elite Member
Milan Italy
 
Futures Experience: Intermediate
Platform: Ninjatrader, Sierra Chart
Favorite Futures: ES
 
Posts: 523 since Feb 2010
Thanks: 470 given, 629 received


That sounds like a good book to start with. Don't try to force anything, relax and focus your attention on your breathing. If you mind wanders, simply notice that it is wandering and gently guide it back to your breathing. The idea is to become aware of what is occurring, and the wandering definitely occurs.

I think you may find it helpful if you drop the counting and instead focus on the physical motion of breathing, either the air through the nostrils, or the diaphragm rising and falling (my basic technique). Try to note when the inhalations and exhalations begin and end....

Reply With Quote
The following 2 users say Thank You to futuretrader for this post:
 
  #4 (permalink)
Attitude is everything.
Dallas, TX, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, T4
Broker/Data: IQFeed
Favorite Futures: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 857 received

The Easy Way and the Easier Way

I'm not going to be disclosing everything in Search Inside Yourself (SIY) for obvious reasons, but so that anyone reading this can be on the same page with me, I'm going to describe the Mindfulness Meditation practice itself.

From pages 26 and 27 of SIY:

Quoting 
In my classes, after explaining some of the theory and brain science behind mindfulness, I offer two ways to experience a taste of mindfulness: the Easy Way and the Easier Way.

The creatively named Easy Way is to simply bring gentle and consistent attention to your breath for two minutes. That's it. Start by becoming aware that you are breathing, and then pay attention to the process of breathing. Every time your attention wanders away, just bring it back very gently.

The Easier Way is, as its name may subtly suggest, even easier. All you have to do is sit without agenda for two minutes. Life really cannot get much simpler than that. The idea here is to shift from “doing” to “being,” whatever that means to you, for just two minutes. Just be.

To make it even easier, you're free to switch between the Easy Way and the Easier Way anytime during these two minutes. Any time you feel like you want to bring awareness to breathing, just switch to Easy. Any time you decide you'd rather just sit without agenda, just switch to Easier. No questions asked.

This simple exercise is mindfulness practice. If practiced often enough, it deepens the inherent calmness and clarity in the mind. It opens up the possibility of fully appreciating each moment in life, every one of which is precious. It is for many people, including myself, a life-changing practice. Imagine – something as simple as learning to just be can change your life.

I'm not going to log here every time I meditate, but I'll be doing the two minutes, probably several times during the day, to get started.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Reply With Quote
The following 3 users say Thank You to AttitudeTrader for this post:
 
  #5 (permalink)
Elite Member
Australia
 
Futures Experience: Intermediate
Platform: Investor RT, Multicharts
Broker/Data: LMAX, Infinity Futures
Favorite Futures: EUR/USD
 
fibfisherman's Avatar
 
Posts: 57 since Jun 2010
Thanks: 167 given, 87 received

I'm glad to found your way to this book. I did the same thing after reading that link a few weeks ago. I'm currently 1/2 way through the kindle edition and funnily enough the hard copy turned up from Amazon this morning just as I was reading your post.

I ordered the hard copy as I want to pass this book around to some family members as I think it is potentially life changing for some.

I've been floating around the idea of using mindfulness not just for trading but for improving all parts of my life for some time now but am yet to actually put in the effort to implement these ideas consistently - (bit like my trading).

About a year back I got hold of these mindfulness mp3's from Dr Gary and found them to be useful however never followed them through. They require a lot more effort than the easy and easier methods taught in search inside yourself.

Mindfulness Skill Builders | Trading Psychology Edge

I also found this book by Rande Howell to compliment Search Inside Yourself quite well from a trading perspective:

Mindful Trading: Mastering Your Emotions and the Inner Game

While it applies greatly to trading I see huge potential for improving all aspects of life using mindfulness tools.

Eg. I am a terrible listener and SIY has some great tools for practicing how to really focus on listening to what people are saying.

I've also applied it to driving. I have a 1/2hr peak hr drive through heavy traffic to work each day. Previously I use to have the radio or some tunes up loud, I'd drive in the fast line at or just above the speed limit and I'd get really p1ssed if someone cut me off, etc. Now, I turn the radio off, sit in the slow lane and focus on actually driving. If other thoughts other than what is happening right now in the present moment occur I become aware of them and then let them go and get back to focus. If someone cuts me off I don't care - I hope they enjoy their day.

Food is better now too - I enjoy and savour every bite.

Anyway, the list goes on. Great to see this discussed here.

Reply With Quote
The following 2 users say Thank You to fibfisherman for this post:
 
  #6 (permalink)
Attitude is everything.
Dallas, TX, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, T4
Broker/Data: IQFeed
Favorite Futures: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 857 received

Thanks!

@fibfisherman, thanks for the extra links and info.

I can definitely relate to the listening thing and especially the driving thing.

I have improved the driving aspect enormously over the past couple of years though. I'm very much into the Abraham-Hicks stuff and the idea that your thoughts are literally attracting more of what you're thinking about, so I've already done a lot of work on "changing how I think."

That's why I'm so interested in this Mindfulness stuff. It's incredibly important to me to be able to learn to "manage my attention" better.

I'm already starting to do the Mindful Activity stuff during the day (Chapter 3, Mindfulness in Activity) - I'll talk about that soon.

Thanks again.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Reply With Quote
The following user says Thank You to AttitudeTrader for this post:
 
  #7 (permalink)
Attitude is everything.
Dallas, TX, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, T4
Broker/Data: IQFeed
Favorite Futures: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 857 received

4 Minutes

I'm doing my Mindfulness Meditation for 4 minutes now. 2 minutes felt too short. I felt like it was over before I could even get started.

I did it four times throughout the day today. Mostly chatter still.

I'm consuming Search Inside Yourself when I have the time and attentiveness - about 2/3 through. I plan to read straight through it this first time and then start over again to study it more deliberately.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Reply With Quote
 
  #8 (permalink)
Attitude is everything.
Dallas, TX, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, T4
Broker/Data: IQFeed
Favorite Futures: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 857 received

Finished SIY today. Starting at the beginning again.

Thanks to the book I've developed a way of doing my Mindfulness Meditation that has significantly improved the amount of time I'm able to be "in it" as opposed to having my thoughts flying all over the place.

I'll try to talk about it some in the next day or two.

Hope everyone has a great weekend.

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Reply With Quote
The following user says Thank You to AttitudeTrader for this post:
 
  #9 (permalink)
Attitude is everything.
Dallas, TX, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, T4
Broker/Data: IQFeed
Favorite Futures: 6E
 
AttitudeTrader's Avatar
 
Posts: 358 since Oct 2009
Thanks: 6,868 given, 857 received

Tao Jones Index

Thought this cartoon from Search Inside Yourself was pretty fitting:

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).

"Is it hard? Not if you have the right attitude. It's having the right attitude that's hard." - Robert Pirsig
--------------------------------------------------------------------------------------------------------------------------------------
Reply With Quote
The following user says Thank You to AttitudeTrader for this post:
 
  #10 (permalink)
Elite Member
atalanta, ga
 
Futures Experience: Beginner
Platform: ninja trader
Favorite Futures: cl
 
Posts: 8 since Aug 2011
Thanks: 1,559 given, 6 received

Awesome book


Just wanted to say thanks for brining this book to my attention. I purchased it and almost done and found it a new look on an old subject of mindfulness.

Thanks again
Panama

Reply With Quote
The following user says Thank You to panama for this post:

Reply



futures io > > > D4YTR4D3R's Mindfulness Meditation Experiment

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Jigsaw Trading: TBA

Elite only

FuturesTrader71: TBA

Elite only

NinjaTrader: TBA

Jan 18

RandBots: TBA

Jan 23

GFF Brokers & CME Group: Futures & Bitcoin

Elite only

Adam Grimes: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Walk Forward Experiment Silver Dragon Elite Automated Trading 327 September 9th, 2012 12:56 AM
D4YTR4D3R AttitudeTrader Trading Journals 36 August 28th, 2012 01:20 AM
D4YTR4D3R's Screen Time Log AttitudeTrader Psychology and Money Management 8 July 21st, 2012 08:02 PM
My “Focus Meditation” Exercise AttitudeTrader Psychology and Money Management 13 July 17th, 2012 10:22 AM
An experiment in simplicity thatguy Elite Trading Journals 21 February 18th, 2011 05:27 PM


All times are GMT -4. The time now is 04:31 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-12-18 in 0.18 seconds with 19 queries on phoenix via your IP 54.221.136.62