As an investor, you will have to make 3 decisions continuously. Which stock to buy, at what price and when to exit? But that is not it.
Things do not go as you anticipate, and markets routinely surprise
everyone. Stock that you bought goes down beyond your expectation, making you
wonder what to do. Few go up too much in too little time, again you begin to wonder
if there is any upside left. Many times, the stocks you bought do not move at
all, boring you and making you to switch counter.
Exactly when things do not go as anticipated, you become
emotional, misjudge the situation and make investment mistakes. This is when
meditation can be of great help. Meditation teaches you to have patience, so when
your stocks do not move, you won’t act out of boredom but make a rational
choice. When market moves against you, you would not lose hope and probably add
to your investments. And when things are working in your favor, you would not be
caught in euphoria but remain grounded and book some decent profits.
Meditation basically calms you down. It removes chaos and
brings clarity. It brings stability to your being by avoiding emotional
tantrums and that reflects in the choices you make in everyday life. You would
not only become a better person but a better investor too. The less biased, the
less emotional person you become, the better investor you would transform into.
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