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10 Inspirational Buddha Quotes

Many Buddha quotes that are handed down until today are both inspirational as well as reflecting deeper truth of reality. What can we learn, where can we be inspired from The Buddha for everyday life and our own development today?

 1. “All that we are is the result of what we have thought. The mind is everything. What we think we become.”

2. “All wrong-doing arises because of mind. If mind is transformed can wrong-doing remain?”
3. “Thousands of candles can be lit from a single candle, and the life of the candle will not be shortened. Happiness never decreases by being shared.”

 4. “Do not dwell in the past, do not dream of the future, concentrate the mind on the present moment.”

5. “However many holy words you read, however many you speak, what good will they do you If you do not act on upon them?”
6. “Death is not to be feared by one who has lived wisely.”
7.”No one saves us but ourselves. No one can and no one may. We ourselves must walk the path.”
8.”In the sky, there is no distinction of east and west; people create distinctions out of their own minds and then believe them to be true.”

 9. “If we could see the miracle of a single flower clearly, our whole life would change.”

10. “The only real failure in life is not to be true to the best one knows.”

Benefits of Mindfulness in Trading

Mindfulness in trading can be of significant benefit to traders.  Mindful trading will positively impact traders and their trading in a number of ways:

  • Reduce loss aversion
  • Mitigate the disposition effect (i.e., cutting winning trades short and letting losing trades run)
  • Help traders get into “the zone”
  • Reduce the negative effects of cognitive biases and heuristics on trading decisions
  • Directly reduce stress
  • Help traders see the market more clearly
  • Increase awareness of the trader’s internal state and how it impacts their trading
  • Increased ability to maintain focus on the market and the trading task at hand while trading, even when emotions are running hot
  • Increase internal emotional regulation
  • Other positive effects on trading and trading behavior

The Development of Mindfulness Skills Helps the Trader

  • Reduce stress
  • Tame the fear response
  • Counter the strong tendency toward loss aversion
  • Strengthen decision making
  • Strengthen internal emotional regulation
  • Improve and develop emotional intelligence
  • Reduce the dominance of intuitive decision making and cognitive error
  • Increase deliberative attention
  • Better see the market and its trading opportunities
  • Stay on task
  • Overcome the negative‐reinforcing properties of ineffective trading
  • Enhance overall psychological well‐being.