<p class=“MsoNormal“>I am
sure that one of the main skills that a trader should acquire is the ability to
make decisions out of Meta Position. But what is it?</p><p class=“MsoNormal“>The
term Meta Position is widely used in NLP and means not just a “neutral” and
detached position but more like integrated one. A person takes up this position
when they grow over their polarities and starts a new level of development. Out
of this state of mind, a person can easily make fresh and adequate decisions.
However, Meta Position in the understanding of NLP and psychotherapy needs a
long way to reach, while I think that each trader can from time-to-time return
to a holistic, integrated state of mind. To make terms clear, I will later on
call this “observer state”.</p><p class=“MsoNormal“>if you
are just taking your first steps in trading, then I advise you to read the
article about <a target=“_blank“ href=“https://blog.roboforex.com/blog/2020/10/22/how-to-become-a-successful-trader-10-clues/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=meta_position&a=ohrb“ target=“_blank“>how to become a trader</a>.</p><p class=“MsoNormal“>To put
it very simply, in trading one does not only need to watch the market but also
needs to watch themselves watching the market. We do not only manage our
capital – open and close positions, decide upon adequate investing volume; but
we also manage ourselves – set up our perception, try to acquire self-control,
etc. Some are more successful in it, some are less, and some pay little
attention to it, preferring more and more optimised trading systems.</p><p class=“MsoNormal“>In my
opinion, if traders devoted at least 30% of their time spent on perfecting
their trading (creating and optimising trading systems) to the development of
their emotional intelligence, consciousness, and thinking skills, their work
would become much more efficient.</p><p class=“MsoNormal“>Why
would one return themselves to a neutral, detached state of mind from time to
time? If we do not do it, we risk trading with a clear bias toward our
positions and trading scenarios. This pushes our perception into tough
framework that will be hard to escape. And if we our work de-synchronises with
the market, such a nosedive will be even harder to stop.</p><p class=“MsoNormal“>The
easiest way to get back to the observer state is to write down immediately all
your thoughts, feelings, and emotions into a log. Psychologists agree that
writing down a text manually, with a pen/pencil on paper if more efficient than
typing it on a PC because this way we build a better connection with our
subconscious.</p><p class=“MsoNormal“>Read
more on this topic in the article about <a target=“_blank“ href=“https://blog.roboforex.com/blog/2020/10/07/emotional-intelligence-what-is-it-and-why-it-is-important-for-traders/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=meta_position&a=ohrb“ target=“_blank“>emotional intelligence</a>.</p><p class=“MsoNormal“>There
are several techniques that you can try. For example, you can get into the
observer state using the technique of spatial anchors. Try placing an extra
chair near your workspace; it will be an “observer chair”. Your task is to stop
being the trader for some time and turn into the observer. Such a simple thing
can be real help. Edward de Bono called such a change of mind-states a change
of “thinking hats”. He called certain states of mind “hats”: a white one for a
neutral position, a red one for concentration on emotions, etc.</p><p class=“MsoNormal“>Also,
you can return to a more centered state of mind using your breath and
concentration on certain points of your body. For each person, this will work
differently; however, try to hold your attention on a spot slightly below your
navel (closer to the middle of your body), and register what you feel. The main
task is to find a spot that will return you to a more balanced state of mind.
Holding your attention on certain body parts is used as a self-regulation
method in many martial arts, and traders may also use them.</p><p class=“MsoNormal“>The
goal of such practices is to keep your emotions from dominating over you when
you are making decisions; dominating you neither consciously, nor
subconsciously, and let you return control to your-self. You can spend many
years in psychotherapy and psychoanalysis (increasing your emotional pain
threshold) – or you can work individually on yourself, improving your skills of
self-control and self-regulation. I think this type of practice is more
available, and even more importantly – in the process, the person takes up all
the responsibility on themselves, thus being in a more mature position in their
life. However, in certain cases, if your emotions are too intense (your pain
threshold is low), you should better address an expert.</p><p class=“MsoNormal“>Alternatively,
you might switch to a higher timeframe because this is the solution of
self-control issues for many traders.</p><p class=“MsoNormal“>By Andrey
Goilov, Analyst at <a target=“_blank“ href=“https://roboforex.com/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=meta_position&a=ohrb“ target=“_blank“>RoboForex</a></p>
sure that one of the main skills that a trader should acquire is the ability to
make decisions out of Meta Position. But what is it?</p><p class=“MsoNormal“>The
term Meta Position is widely used in NLP and means not just a “neutral” and
detached position but more like integrated one. A person takes up this position
when they grow over their polarities and starts a new level of development. Out
of this state of mind, a person can easily make fresh and adequate decisions.
However, Meta Position in the understanding of NLP and psychotherapy needs a
long way to reach, while I think that each trader can from time-to-time return
to a holistic, integrated state of mind. To make terms clear, I will later on
call this “observer state”.</p><p class=“MsoNormal“>if you
are just taking your first steps in trading, then I advise you to read the
article about <a target=“_blank“ href=“https://blog.roboforex.com/blog/2020/10/22/how-to-become-a-successful-trader-10-clues/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=meta_position&a=ohrb“ target=“_blank“>how to become a trader</a>.</p><p class=“MsoNormal“>To put
it very simply, in trading one does not only need to watch the market but also
needs to watch themselves watching the market. We do not only manage our
capital – open and close positions, decide upon adequate investing volume; but
we also manage ourselves – set up our perception, try to acquire self-control,
etc. Some are more successful in it, some are less, and some pay little
attention to it, preferring more and more optimised trading systems.</p><p class=“MsoNormal“>In my
opinion, if traders devoted at least 30% of their time spent on perfecting
their trading (creating and optimising trading systems) to the development of
their emotional intelligence, consciousness, and thinking skills, their work
would become much more efficient.</p><p class=“MsoNormal“>Why
would one return themselves to a neutral, detached state of mind from time to
time? If we do not do it, we risk trading with a clear bias toward our
positions and trading scenarios. This pushes our perception into tough
framework that will be hard to escape. And if we our work de-synchronises with
the market, such a nosedive will be even harder to stop.</p><p class=“MsoNormal“>The
easiest way to get back to the observer state is to write down immediately all
your thoughts, feelings, and emotions into a log. Psychologists agree that
writing down a text manually, with a pen/pencil on paper if more efficient than
typing it on a PC because this way we build a better connection with our
subconscious.</p><p class=“MsoNormal“>Read
more on this topic in the article about <a target=“_blank“ href=“https://blog.roboforex.com/blog/2020/10/07/emotional-intelligence-what-is-it-and-why-it-is-important-for-traders/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=meta_position&a=ohrb“ target=“_blank“>emotional intelligence</a>.</p><p class=“MsoNormal“>There
are several techniques that you can try. For example, you can get into the
observer state using the technique of spatial anchors. Try placing an extra
chair near your workspace; it will be an “observer chair”. Your task is to stop
being the trader for some time and turn into the observer. Such a simple thing
can be real help. Edward de Bono called such a change of mind-states a change
of “thinking hats”. He called certain states of mind “hats”: a white one for a
neutral position, a red one for concentration on emotions, etc.</p><p class=“MsoNormal“>Also,
you can return to a more centered state of mind using your breath and
concentration on certain points of your body. For each person, this will work
differently; however, try to hold your attention on a spot slightly below your
navel (closer to the middle of your body), and register what you feel. The main
task is to find a spot that will return you to a more balanced state of mind.
Holding your attention on certain body parts is used as a self-regulation
method in many martial arts, and traders may also use them.</p><p class=“MsoNormal“>The
goal of such practices is to keep your emotions from dominating over you when
you are making decisions; dominating you neither consciously, nor
subconsciously, and let you return control to your-self. You can spend many
years in psychotherapy and psychoanalysis (increasing your emotional pain
threshold) – or you can work individually on yourself, improving your skills of
self-control and self-regulation. I think this type of practice is more
available, and even more importantly – in the process, the person takes up all
the responsibility on themselves, thus being in a more mature position in their
life. However, in certain cases, if your emotions are too intense (your pain
threshold is low), you should better address an expert.</p><p class=“MsoNormal“>Alternatively,
you might switch to a higher timeframe because this is the solution of
self-control issues for many traders.</p><p class=“MsoNormal“>By Andrey
Goilov, Analyst at <a target=“_blank“ href=“https://roboforex.com/?utm_source=forexlive.com&utm_medium=pr&utm_campaign=rf_en_external_article&utm_content=article&utm_term=meta_position&a=ohrb“ target=“_blank“>RoboForex</a></p>
This article was written by ForexLive at www.forexlive.com.