Finding the Flow
As a trader and a coach, I believe that it’s not what you use that matters but how you use it. People that have worked with me know that this is kind of a mantra for mine. Thousands of methods and indicators are available to traders. To my knowledge no one indicator stands out exceptionally above the rest.
This due to the fact that the very core of technical analysis is based on what has already occurred. Indicators are built on the same two pieces of past information, price and time. And no matter how we manipulate the past data, we will never know what the future will hold. This leaves us with only one time frame to focus on. The present. The here and now. This is where we can have the greatest impact on our trading results.
I’ve written about being in the moment in previous postings and it’s not always easy. But the ability to be in the moment, to create that space that is optimal for you when you are trading is far more important than understanding how an indicator is calculated. This is why I wanted to share with you this video of Vishen Lakhiani from Finerminds talking about entering a state of Flow. I love the definition he puts forth for Flow:
Flow is the mental state of operation in which the person is fully immersed in what he or she is doing by a feeling of energized focus, full involvement, and success in the process of the activity. It is a state of supreme creativity.
As you watch the video, think about your trading as the business and how some of Vishen’s suggestions might be applied in that business. This is a great presentation.