JasperForex

With my Mind on my Money and my Money on my Mind: Trading Music

FX:EURUSD   Euro Fx/U.S. Dollar
There are several things you can do to prepare and condition yourself mentally to get trading emotions under control and to stay focused on simply making one good trade after another. This topic is about one of those things you can do. Its not the most important thing, nor is it the only thing. But it is the most fun thing. I talk about food for the soul. I talk about music. And I don’t mean atmospheric new age relaxation / meditation sounds. Those give me an instant body rash. I mean real music. Listening to music forms part of my trading routines. One of the advantages of trading is that you essentially work alone so you can completely control your work environment.

What you hear while working the charts is part of that environment. For me, switching my phone to silent, closing the door of my study and putting on some music helps me to focus. It can also help to block out distractions. Obviously I do it in a way that trading alerts and news alerts are still audible. But it helps me to release stress, to stay motivated, to stay positive, to keep going and yes, to celebrate. I don’t do it constantly and there are moments when I don’t want to hear anything (like when I am actively entering or managing a trade). But I have integrated music into my daily routines. Apart from trading, I also listen to (mainly classical, non vocal) music while I study, read books or do my weekly forex market preview process. Classical music is known to aid cognitive functions and I simply get more work done that way.

Here are some of my favorite songs / pieces of music I like to listen to while trading:

Shoot to Thrill by AC/DC.
This classic mood heightening fist pumper by the kings of hard rock is best played when the pips are steadily rolling into your account on a winning trade. There is really nothing like it. Watch that P&L go green! “Don´t you fool around. Shoot to thrill, play to kill!”

Gin & Juice by Snoop Dogg.
I am a total sucker for old school hip hop and this lazy beat by West Coast rapper Snoop Dogg, with its bragging lyrics about living large, makes time go by faster during those hours when the market is slow or moving sideways. “With my Mind on my Money and my Money on my Mind.”

Happy by Pharrell Williams.
I always end up listening to this mid-tempo soul song after the important pre-market preparation. After getting up to speed with overnight news events and while still sipping on my first coffee             , I let Pharell get me into the right state of mind. “Bring me down... can't nothing... Bring me down... my level's too high...”

Titanium by David Guetta ft             . Sia
Like any endurance sport, trading is a game of perseverance. Fall down seven times, get up eight. Fighting your way out of a drawdown is -if anything- a test of your character. This song helps me to stay positive and to keep on going. “You shoot me down but I won't fall. I am titanium.”

Una Furtiva Lagrima by Pavarotti
This romanza from Donizetti kicks off my classical playlist on Saturday morning, when I start my weekly forex market preview process. A selection of arias, romanzas and madrigals gets me in a relaxed, concentrated flow while I review fundamentals, upcoming news events and while I scan the charts for price patterns. “Heaven! I could ask for nothing more, nothing more.”

So what is your experience with music and trading? Does it help you to trade or concentrate better? Do you enjoy listening to particular songs or pieces of music at certain moments of the trading day? Which are your favorite trading songs? Or is music just a distraction that breaks your concentration and should be avoided?

Like this idea if you think it´s fun or interesting and please post your comments below and share your thoughts and / or favorite trading songs. I am curious!
You don´t need to be a weatherman to know which way the wind blows - B. Dylan
QuasarAlpha
2 years ago
PSY101, Thanks for the lecture, Appreciated!
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JasperForex PRO QuasarAlpha
2 years ago
Thank you for saying so!
Reply
FxLowe
2 years ago
I recommend Trance. There's a little lag while your brain synchronises with the music, but once it does, it helps (well, helps me at least) maintain a consistent level of intellectual performance for a longer duration.
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JasperForex PRO FxLowe
2 years ago
That is a great recommendation, thank you! I will look into the effects of trance music on performance.
Reply
DaniloDirinot
2 years ago
Excelente
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JasperForex PRO DaniloDirinot
2 years ago
Thanks for the kind response. Any particular music you like to listen to while trading?
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michaelquale
2 years ago
You should create a spotify play list, share it.
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JasperForex PRO michaelquale
2 years ago
I am not on spotify, but I will see what I can do to share a playlist.
Reply
Daniel.B
2 years ago
Lol very good post Pip Diddy! =D .. Hmm well as most will know I'm bound to post some oldies (Jasper refers to me as an extra that just walked off the set of "A Bronx Tale" lol) but heres a playlist I listen too, http://youtu.be/u-IpHfpogEg?list=RDu-IpHfpogEg This music keeps me focused but not to the point to where I'm over thinking all the data in front of me (News, Economic Releases, Ransqwuak, Chart Alerts, Chat, Phone, etc.) .. To be honest most of this music reminds me of summertime in New York City, walking down Little Italy with pretty girl.. lolol. Ummm some other music I listen to when I'm trading off momentum / scalping , is dubstep / trance / 50 Cent / Fabulous / Snoop Dogg (Woof woof lol) , and when I'm reading the news paper or researching fundamentals in bonds / equities / or Forex I tend to put on classical music (Anything but classical during this time irritates me and doesn't allow me to focus on the task) .. Pavarotti is always good, and many other's that I can't remember their names lol But just put on "Opera, Romantic Period" or "Russian Traditional Radio" on Pandora.

http://youtu.be/fEzgh2i_BdE?list=RDfEzgh2i_BdE
+1 Reply
JasperForex PRO Daniel.B
2 years ago
Thanks for that elaborate response. You really put some soul into it. Nice! I have the same, when I am studying, reading or researching something I only play classical music (mainly but not exclusively instrumental). When I am performing more repetitive tasks as per my tradeplan, I like to listen to pop music. Different purposes, different needs, different music.
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Daniel.B JasperForex
2 years ago
No problem man =)
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EmmyTrades
2 years ago
Fun & interesting topic. I recommend Jazz music!
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JasperForex PRO EmmyTrades
2 years ago
Yes I can see that would work nicely! Thank you for participating and giving a recommendation.
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Troy123c
2 years ago
Music actually uses more of the right-side (emotional) part of the brain. Use caution, as it may distract from clear, accurate thinking.
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JasperForex PRO Troy123c
2 years ago
Thank you for responding. I agree with you in the sense that (from my own experience) certain kinds of music don’t work for me at all while I trade as they are too distracting and ruin my concentration. When I research or study or read, non-vocal classical music can help me to focus and keep going (together with a cup of coffee). When I perform more repetitive tasks (like babysitting an open trade or charting a price pattern) I can get energy from pop music but at other moments I will switch it off.
+1 Reply
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