I devised the word Medi-Trade using two words Meditation and Trading.
A fruitful combination indeed! Let me begin with revealing a never-told fact for the benefit of my readers.
Nyasa! Nyasa can be best defined as a sacred practice or method which is used to connect with the divine.
Divinity indeed has many forms in life.
We can relate each and everything which is in existence to divinity.
If you are not able to relate a known thing to divine, it only implies that you have not yet looked at it meditatively.
That is, you have not yet meditated on it.
One such divine form is our Stock Market itself! The stock market is arguably more divine than even human beings.
Look at the markets closely while they are awake.
They are such full of life! Try to relate the stock market with yourself.
You may have an impression that you are in control of your body movements.
However, when you witness yourself, you will notice that you do not even realize that you are moving at all times without conscious effort.
Those hands, arms and legs keep moving at all times.
And, further deep you go into this, your realization of this fact is even more concreted.
Try it yourselves! Try holding your most used body parts such as hands, legs & arms which look in some obvious motion at all times, and you will begin to notice even more subtle movements such as moving facial muscles, eye balls etc.
Go further deep and try holding those subtle movements as well, and you will notice the inside body parts moving with an immense force! Your heart, lungs, blood etc.
The iteration is practically endless.
It can go to the deepest cellular levels! The point I am trying to make is that you never realize that you are in a constant motion.
And, the motion is unconsciously carried on without your notice unless you get awakened.
Now, let's shift our focus to the stock markets.
Stock market is an awakened being.
We are unaware of where and when it's moving just like we are unaware of our own movements! But, stock market is aware indeed at all times on where it's moving.
Even the most subtle move in next micro second, she is aware.
I don't like to use a non-living gender with the divine stock market for my own preferences.
May be because of my belief that markets are more living than us.
And, my reason to associate female gender with the market is due to a unique feminine quality that she possesses.
Patience! And, this quality is further exalted when related with our own gigantic impatience.
Well, that's why I regard stock market as more divine than human beings.
If you are with me this far, I am now taking up a unique blend of the divine stock market and meditation.
In simplest terms, if we somehow understand the art of meditating on the stock market, that is if we perform Nyasa on the stock market, we will have all odds in favour of reaping success in stock trading! By performing Nyasa, I mean devising a ritual or a practice and following it in order to achieve the desired goal.
There is no one way to connect with the stock market.
You may devise your own way.
My main objective in taking this topic was to make you aware that a connection is required.
How you achieve the connection is on yourselves.
However, let me mention one of the many techniques here to give you a head start.
I will certainly keep posting more stuff on this topic for the benefit of my readers.
Pick up a charting software.
Any of the many available would do.
Fill the software by loading NSE bhavcopies in order to view the candlestick patterns.
If you do not have access to a charting software, you can refer the charts provided either by your broker or a financial portal.
The main objective is to get a feel of a candlestick pattern.
However, I recommend having a charting software due to many adjustments available.
Look at the candlestick chart of a stock ticker of your choice.
If there are no favourites as yet, grab the NIFTY candlestick chart for the past year and simply look.
Look at each individual candlestick pattern and progress to the subsequent candlesticks with each passing day.
You will require a basic understanding of the candlestick in order to achieve more desired results.
If you have knowledge of the candlesticks, about the white boxes, black boxes etc, you have better odds to succeed in this experiment.
As you proceed with each passing day, while merely looking at the chart, you will begin to form a subtle "feel" of the market.
But, don't begin to brag about it, not even to yourself.
Ignore the feeling and keep moving.
You will notice that the feeling will grow stronger with time.
This happened because you have been witnessing a progressing life form in itself.
If done with perfection, you will eventually graduate to the level of where stock market is today.
That is, you will get awakened and begin resonating at the same frequency as the stock market itself.
As far as your trades are concerned, even with a subtle feeling which you will form in the initial phases, you will notice that the percentage of your successful trades is rising.
You are making lesser trading mistakes.
You are exiting your positions at right times.
What you performed all this while was Nyasa.
You performed Nyasa on the candlestick patterns in order to connect with the living being, that is stock market.
I chose candlestick patterns here because of personal preference.
I chose to merely look and get a feel because of personal preference.
Like I mentioned earlier, you can devise, plan, form and execute the Nyasa of your choice and even replace methods until you feel comfortable with a chosen technique! But, I suggest you do not try to make your technique too complex because the more complex is the technique, the more roles your devil mind plays in assisting you in execution of the technique.
We want bare minimum involvement of our minds in order to make Nyasa or meditation work in our favour.
This is one of the many ways you can connect with the stock market.
Unless you feel connected, you will feel the disgust of disconnection which will pop out in the form of unexpected losses, negative thoughts, anger, frustration, revenge, greed, fear and many such emotional constraints.
Hence, begin your journey starting with respecting market movements and relishing them even when they are moving in the direction unfavourable for you.
When you are able to enjoy market movements not only when they are in your favourable direction, but also when they are going against your trades, is when you have begun your final year of graduating towards successful career in stock trading.
So, Lets start Medi-Trading! Cheers! Gaurav Sharma