Did the recent stock plummet made you nervous? Did it make you commit wrong trading decisions and suffer financial losses in the end?
The good news is “mindfulness meditation” is a practice that may help stock traders achieve better trading performance. According to a recent study of ICO NIDA faculties, Asst. Prof. Dr. Peerayuth Charoensukmongkol and Assoc Prof. Dr. Vesarach Aumeboonsuke, they found that stock traders who practiced mindfulness meditation more intensively reported better trading performance than those who did not. Moreover, traders who practiced meditation tended to show a higher level of trading discipline and also reported a low frequency of panic selling and overreaction to news than those who did not meditate. In particular, these trading characteristics explain why traders who practiced meditation tended to have better trading performance. In the end, the authors suggested that mindfulness meditation should be taught to stock investors and traders in order to lower irrational behaviors that could unnecessarily lure them to commit unsuccessful trades.
The research was published in the Thammasat Review (TCI Q1). The full-text article can be read from http://tujournals.tu.ac.th/thammasatreview/detailart.aspx?ArticleID=2244&fbclid=IwAR22TSeuK6ib9cL3vpYWDJyCWHvvqsuu1jcZ3zhgo0-qK2AZjs7hpmCQw8I