Key Points:
- Mindfulness can help you stay present with price action and volume rather than dwelling on past trades or future anxieties.
- Reflecting on your values and goals can guide better trading decisions that align with what truly matters to you.
- Embracing your strengths and recognizing common distractions like FOMO allows for a more grounded and intentional approach to trading.
Summary:
In this session, Sean guides the SPP community through a Monday morning mindfulness exercise designed to set a calm, focused tone for the week. Encouraging traders to stop aiming for “perfect” mindfulness, he emphasizes that simply returning to the present moment is valuable in life and trading. Using visualization, he asks participants to imagine themselves floating 50 feet above, observing the people and things in their lives and considering their significance. This mindful pause is a way to assess how the week’s trading choices will align with personal values and goals.
Sean reminds everyone to make room for distractions, emotions, and the external factors around them without letting these pull them off course. He tackles the common trading pitfalls like FOMO (Fear of Missing Out) and ROMO (Regret of Missing Out) with humor and realism, underscoring each trader’s choice in responding to these mental traps.
“You can let your imagination mess with you, or you can know it’s messing with you,” he says, illustrating the power of awareness in managing trading pressures.
Finally, Sean invites traders to take deep breaths, focus on their strengths, and bring a mindful, purposeful attitude into the trading week. By connecting with a sense of calm and self-assurance, participants are better equipped to approach their decisions with resilience and intention.
C.L.E.A.R. Mindset Connections:
Connect to the present moment and enhance your self-awareness with practical techniques.
- Sean emphasizes focusing on breath and visualization to bring traders fully into the present and sharpen their awareness of market and life dynamics.
Loosen your attachment to thoughts and emotions, and cultivate mental clarity and resilience.
- He addresses the tendency to be affected by FOMO or ROMO, encouraging traders to recognize these thoughts without being dominated.
Embody your core values and align them with your actions to foster authenticity and purpose.
- The exercise prompts participants to consider the most important people and priorities and ensure their trading aligns with those values.
Accept all the present moment offers, whether wanted or not, and find peace and strength.
- Acknowledging both personal distractions and market conditions, Sean encourages accepting these realities as part of the trading experience.
Respond with decisive, informed action, transforming challenges into opportunities for growth.
- By focusing on strengths and readiness, traders can confidently approach the week’s trades and have a clear, grounded mindset.
Act Accordingly:
This session powerfully reminds us of the importance of mindfulness in trading. Participants gain clarity and resilience by grounding themselves in the present moment and aligning their trading with personal values, setting them up for focused and intentional market weeks.