How Mindfulness Can Help Investments
b'with Dr. Gary Dayton, Trading Psycholgist, Author: Trade Mindfully
Dr. Dayton is an expert on the psychology of trading and applies \\u201cmindfulness\\u201d to improving trading strategies. Mindfulness, according to Dr. Dayton, goes back more than 2,500 years to the mental techniques used by yogis and the Buddha to calm and focus their minds on the moment, and he shows us how these strategies can be used by investors to reduce stress and the fear of loss, and control unwanted trading emotions and \\u2018recency\\u2019 effects \\u2013 to improve objectivity in interpreting trading data and gaining an edge on portfolio performance. He also discusses loss aversion and why losses hurt more than the euphoria of equivalent gains. So listen in to get an edge on your trading strategies. While short-term trading may work for some, these mindfulness techniques can be equally useful for fundamentals-based investing and holding shares for the long term, which is undoubtedly a safer wealth preservation and growth strategy.'