In any high performance profession, our psychology and mindset plays a huge role in achieving and maintaining peak performance.
The challenge that each trader faces every day is to maintain focus and sustain the peak performance mindset as our mind thoughts and emotions changes moment to moment. Becoming consistently profitable trader requires to have a consistent neutral unbiased mindset day in day out, emotionally balanced and focused in the present moment. which will help a trader maintain focus and achieve a flow state and keep him in the zone.
Having said that, this doesn’t come easily.Having and maintaining such a state of mind doesn’t come naturally as it requires daily practice to train and rewire our default survival mechanism, habits and past conditioned behaviours.
Traders face all kinds of trading challenges during trading and outside of trading. To be able to maintain focus and avoid distractions requires a lot of discipline and practice, specially detaching from trading outcome & results, while maintaining focus on edge and trading process.
Mindfulness practice plays a big role in keeping a trader emotions, feelings and thoughts in check, while helping him/her staying focused on the present moment to sustain a calm, alert and emotionally regulated trading state of mind.