Our Mindfulness Coaching for Training and Fund Managers teaches people how to develop their own mindfulness practice. This is incorporated into an adapted coaching programme which helps people learn more about themselves and areas they need to focus on to help develop their performance and take it to the next level.
What is Mindfulness ?
Mindfulness is a westernized secular concept, with roots in Eastern philosophy and practice, which is gaining increasing acceptance as a powerful tool to help people reduce stress and anxiety and to more fully focus and engage with the immediate task in front of them.
In the past few years, use of mindfulness has expanded beyond the fields of medicine and is now being employed in a wide array of fields to help enhance performance in areas where focus, concentration and resilience are vital. Some of the areas where mindfulness is now practiced include education, the military, business, sport, performance arts, and investment management.
What is Mindfulness practice?
Mindfulness is the continuous practice of being in touch with the present moment. Professor Jon Kabat-Zinn, who is credited with introducing Mindfulness to the west, describes it as : “Paying attention in a particular way; On purpose, in the present moment, and nonjudgmentally.”
Development of a Mindfulness practice, aims to help a person achieve a relaxed, non-judgmental awareness of their thoughts, feelings and sensations so that they have a direct knowing of what is going on inside and outside them-self, in real time. Each and every person can, with the help of guidance, develop a practice which suits their particular lifestyle and challenge.
How does Mindfulness help traders and investors?
Practicing "mindfulness" has helped many traders stay focused and make better decisions based on objective data, beliefs and facts. Through mindfulness you become aware that you, your thoughts, your biases, behaviours and beliefs are not one and the same. Mindfulness allows you to step back from the fray and observe yourself and your reactions to be more aware of what is happening within yourself and around you.
One of the most destructive practices one engages in when trading is that of self-judgment. This may involve comparing oneself against ideal levels of performance, against your own very high expectations, against your beliefs in the inflated expectations others have of you, or against various alternative better outcomes. Self-judgment is rarely positive, and no matter how accomplished one is, they may often hold on to negative self-judgments which have the power to undermine one’s confidence and self-belief. Self-evaluation is different to Self-judgment, Self-evaluation is observation of one’s own actions, but where the message is not laced with the poison of self-judgment or self-criticism. Traders with a well-developed mindfulness practice, and a mindful way of being, are more conscious and aware of them self, their actions, and their re-actions to events and news. They are able to gain control of themselves, and can start directing their resources and energies in a productive manner. One can never control the market, but they can have; greater control of themselves; of how they see the market; and how they react to the market. This, together with a sound trading and risk management strategy and practice, should enable one to be a more productive and profitable as traders and investors.