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Mindful Trading Live: Session Summary

August 19, 2024

Building Your Edge Through Mindful Awareness

with Sean Sawyer, MS

Key Points:

  1. Mindfulness is a powerful tool that enhances awareness, a crucial skill for detecting market nuances early, giving you a competitive edge in trading.
  2. Attention to subtle bodily sensations trains you to catch emotional triggers like FOMO before they arise.
  3. Mindfulness practice is not about feeling better but about getting better at feeling. Thus, it empowers you to make more informed and effective trading decisions and gives you control and confidence.

Mindful Edge

In this session, Sean discusses the importance of mindfulness as a tool to enhance traders’ awareness. He emphasizes that mindfulness is not about feeling better but improving one’s ability to feel and recognize subtle shifts in one’s emotions and environment. He encourages traders to let go of any expectations around mindfulness, whether it’s to feel better or achieve specific outcomes. Instead, the focus is on honing the skill of awareness, which is critical for making better-informed decisions in the market.

Sean also guides participants through a mindfulness exercise, encouraging them to notice the sensations of their breath, the temperature on their skin, and the sounds around them. He explains that this practice builds the “mindfulness muscles,” enabling traders to detect emotional and physical cues before they develop into full-blown issues like FOMO or revenge trading. He asserts this is where the natural edge in trading lies—being the first to notice shifts in your internal state and the market.

“Mindfulness might not make you feel better, but that’s not what this is about—it’s about practice, building awareness, and getting better at feeling.” – Sean Sawyer

C.L.E.A.R. Mindset Connections

Connect to the present moment and enhance your self-awareness with practical techniques, such as noticing the sensations of your breath, temperature, and sounds around you. These techniques will prepare you for a successful trading journey.

  • Notice the sensations of your breath, temperature, and sounds around you to build self-awareness in your trading environment.

Loosen your attachment to thoughts and emotions, and cultivate mental clarity and resilience.

  • Detach from the expectation that mindfulness will produce a specific outcome and instead focus on the practice itself.

Embody your core values and align them with your actions to foster authenticity and purpose.

  • Align your trading decisions with a deeper awareness of your emotional state. This ensures actions reflect thoughtful, authentic responses rather than impulsive reactions, making you more in tune with your emotions and their impact on your trading.

Accept all the present moment offers, whether wanted or not, and find peace and strength.

  • Accept that mindfulness may bring discomfort or unwanted emotions, but recognize that this awareness strengthens your resilience.

Respond with decisive, informed action, transforming challenges into opportunities for growth.

  • Respond to early signs of FOMO or frustration by making informed trading decisions before these emotions fully take hold. This turns potential pitfalls into opportunities.

By consistently practicing mindfulness, you develop an edge in trading—an ability to notice the subtleties in your internal and external environments before others, positioning yourself to act more decisively and effectively in the market.

Sean Sawyer, MS

Psychotherapist | Performance Coach

Sean Sawyer, a psychotherapist since 2003 and full-time trader since 2017. Sean uniquely blends psychology and trading, offering insights from both worlds. His experience in psychological trauma and performance psychology helps individuals master decision-making and resilience in high-pressure situations.