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What Is Mindfulness

mindfulness definition-trading

Before we explain how mindfulness fits in a trader’s world, it’s important to clarify what is mindfulness for those who are not familiar with this notion. In our modern lives, we are always on the move, often experiencing hectic days that leave us drained and exhausted. Things have to happen fast, as if 24 hours of a day are not enough and there is always an end to be reached, a task to be completed. Not only our bodies never cease doing things, but also our mind keeps producing one thought after another; a chaotic mental factory that works on its own without a visible boss.

But there are plenty of times that I do nothing! You may think. Is that so? Are there times when you really do nothing? Not talking? Not watching TV? Not lying down on the sofa reading? And most importantly, not thinking? “Yes of course, there plenty of times that I think nothing”. Sometimes in therapy, I ask clients to tell me what their thoughts are and they may say “I m not thinking of anything at the moment”. Then I invite them to take a minute to themselves and see if they can keep a blank mind. Many report thoughts after, even insignificant e.g. about the painting on the wall, but others still insist that they “cannot think of anything”. So, I say, that’s the thought you are having; “I cannot think of anything” is a thought. Actually, every word that comes out of our mouth was previously a thought our mind produced.

 Most of the times we are not aware of our thoughts or of how our thoughts invade our experience. Have you ever been on a bus or a taxi and then realised that you were unable to remember the journey? Or gone from one room of the house to another looking for something and then forgetting what it was? Have you ever gone to a talk or a lecture and got so distracted that you were not able to remember a thing? There are so many examples of distraction and getting lost in thoughts and emotions; the trouble is that most of the times we do not even realise that such thing has happened. Our thoughts are sneaking in with the skillfulness of an experienced intruder. We are on automatic pilot, the basic culprit in sacrificing the present because we are unknowingly sunk in the past or the future.
Mindfulness is the antidote to mindlessness and the workings of the automatic pilot.Mindfulness means paying attention to the present moment on purpose and without judgement.

PRESENT MOMENT

It is the here and now, your current experience at this very moment. Where you sit? What are you holding? What thoughts are crossing your mind? What do you feel in your body? Are you maybe thirsty or hungry? What sensation do get as the soles of your feet touch the floor?What emotions are present?

PAYING ATTENTION

The act of being aware, noticing, observing and not getting distracted by other things.

ON PURPOSE

We pay attention deliberately and this is our sole purpose: to pay attention.

WITHOUT JUDGEMENT

When you start paying attention to your present experience, your mind will attempt to judge you.

“What’s the point of all this?”

“What a ridiculous thought”

“I am so negative”

These are judgements. They stem from non-understanding and get on the way of being totally immersed in the present. Do not judge, just observe.

 

Mindfulness in Forex Trading

Understanding The Mind