Art of Trade

February 28th, 2007

I ran into two traders in two spiritual workshops. The first trader was in the workshop about the shaman’s challenge in identifying people’s patterns and the second one was in the workshop of the western spiritual practices.

I didn’t know traders would be interested in spirituality.

The second trader asked me why I didn’t trade.

We were both interested in Sacred Geometry so he told me that application of Sacred Geometry has been proved successful in trading.

That got me interested but I put it behind my mind.

A few days later I got an invitation from a blogger to join his investment group. I asked him if he had ever used Sacred Geometry in trading. He had not but he did an Internet search and sent me a link. I followed the link and found an e-book, “Cooking in the Forex.”

According to “Cooking in the Forex” you need four things to be successful in trading Forex:

1. Outstanding tools
2. Understanding of technical analysis
3. Money management
4. Psychology of trading

“Most traders fail to truly put their effort in #2. Real traders know exactly where the market should go and do everything in their power to stay in the trade until that destination is reached.

#3 and #4 are actually MORE important than #2 and #1.

Money management is a critical point that shows the difference between winners and losers.

If you don’t manage your money you will be out of business and the only way to trade is to have your trading psychology in place.

The market is moved by fear and greed. These are emotions that affect the market. Fear and greed are part of psychology. A disciplined trader should never let his emotions and greed control his decisions.

Trading Psychology: Knowing Yourself Is Key.

Knowing yourself means understanding how you’re likely to behave under various circumstances. Be aware of the psychological traps, their forms, and which one you are most likely yo fall into.”

Now I understand why traders go to spiritual workshops; they are there for the last part, Knowing Yourself Is Key.

“Cooking in the Forex” advises traders they teach not to trade live until they have read these book:

1. The Disciplined Trader : Developing Winning Attitudes by Mark Douglas
2. Trading in the Zone : Master the Market with Confidence, Discipline and a Winning Attitude by Mark Douglas
3. Trading to Win : The Psychology of Mastering the Markets by Ari Kiev

I went to amazon.com to read the reviews for these three books and found them speaking beyond “market.” I will just quote a couple:

“But successful trading, says Douglas, is the process of yielding to the market and being in control only of yourself and the way you respond to changing market conditions.”

The Disciplined Trader helps prepare you for the psychology of trading and the avoidance of mental pot holes on the road to success.”

Trading in the Zone addresses five very specific issues to give traders the insight and understanding about themselves that will make them consistent winners in the market.”

Kiev spent five years with a group of professional traders at SAC Capital Management studying the psychological and emotional aspects of what makes for a successful trader. Kiev found that what hinders many traders is ego, fear, emotion, and false beliefs about yourself and the markets. See the market as it is, not as a reference point for your own existence. Kiev advocates a disciplined, Zen-like approach.”

These are things I learn in spirituality.

Traders need to know themselves well and get into spiritual development in order to control themselves and become successful.

(Does that mean a spiritual seeker has a good chance of becoming a successful trader?)

 

The second trader is also a dowser, who believes in subtle energies.

I recently started reading a book, “Self-Mastery and Fate with the Cycles of Life.” I realized that there is something behind successful people, no matter what they succeeded in. They tapped into the cycles of life – they made good uses of certain periods to bring success, happiness, health, and prosperity, and they avoided unfavorable periods.

“What a world of simplicity is revealed in the cosmic laws manifesting through the strange cycles of vibrations!” exclaimed in the introduction of Self-Mastery and Fate with the Cycles of Life.

“The fundamental principle involved in this system of self-mastery reveals that all life and all existence within the universe has its expression in cycles, the periodicity of which is equivalent to the rhythm of certain measured and harmonious recurrences of stresses or impulses of a cosmic nature.”

“By working in harmony with the periods of one’s own personal life and the periods of the business plan, proposition, or creation of one’s thinking, the utmost success will be made and attained, while working out of harmony with these periods or in ignorance of them will bring frustration, failure, losses, and defeat.”

From what I read about trading, you have to wait for multiple indicators to come in harmony to enter a trade. Looking at market charts, there are cycles of bull candles and bear candles. If a trader goes with the trend, the trade is in the trader’s favor.

Traders need to work with the cycles of the market and we need to master our cycles of life, that’s our art of trade.

Trading is quite spiritual.

 

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The Optimist Mandala by Maria Yu 

 

 

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