Does mindfulness enhance stock trading performance?: the moderating and mediating effects of impulse control difficulties
Abstract
This research investigates the contribution of mindfulness on performance of stock traders. The authors focus on the role of mindfulness in helping individuals lower impulsive behaviours when they trade stocks. Survey data were collected from 120 independent traders and 73 professional traders in Thailand (total N = 193). The analysis from partial least squares regression found that impulse control difficulties mediated the link between mindfulness and stock trading performance. This suggested that individuals with higher mindfulness measure tended to experience lower impulse control difficulties problem, and subsequently exhibited better stock trading performance. However, the analysis of the moderating effect revealed that the positive contribution of mindfulness on stock trading performance is only present for those with high impulse control difficulties. Surprisingly, mindfulness appeared to lower trading performance of traders who did not have impulse control difficulties.
Integrity signals
Registry
Cites
Statistics
Claims the paper makes
Claims other papers make about this one
Each is checked against this paper’s own text: does it say what the citing paper says it does?
Recent studies examining Eastern samples have yielded the same findings in the academic domains and in achievement-related domains.
“Recent studies examining Eastern samples have yielded the same findings in the academic domains [26, 27, 34, 36] and in achievement-related domains [81–83].”
Cited by
Sorted by citations
Charoensukmongkol, P., & Puyod, J. V. (2022) · The Journal of General Psychology · doi:10.1080/00221309.2020.1800582 · Cited by 77 · see citing works
Self-citationTrait mindfulness and cross‐cultural sales performance: The role of perceived cultural distance
Charoensukmongkol, P., & Pandey, A. (2021) · Canadian Journal of Administrative Sciences / Revue Canadienne des Sciences de l'Administration · doi:10.1002/cjas.1638 · Cited by 45 · see citing works
Self-citationKuroda, Y., Yamakawa, O., & Ito, M. (2022) · BMC Psychology · doi:10.1186/s40359-022-00746-3 · Cited by 37 · see citing works
Charoensukmongkol, P. (2019) · Organization Management Journal · doi:10.1080/15416518.2019.1661820 · Cited by 36 · see citing works
Self-citationAn analysis of impact of personality traits and mindfulness on risk aversion of individual investors
Aumeboonsuke, V., & Čaplánová, A. (2021) · Current Psychology · doi:10.1007/s12144-021-02015-9 · Cited by 29 · see citing works
Self-citationNübold, A., & Hulsheger, U. R. (2021) · European Journal of Personality · doi:10.1177/08902070211012915 · Cited by 24 · see citing works
Financial Mindfulness: A Scale
Garbinsky, E. N., Blanchard, S. J., & Kim, L. (2024) · Personality and Social Psychology Bulletin · doi:10.1177/01461672241265995 · Cited by 12 · see citing works
On the economic effects of the text completion interface: empirical analysis of financial markets
Rubin, E., & Rubin, A. (2021) · Electronic Markets · doi:10.1007/s12525-021-00485-0 · Cited by 3 · see citing works
The Role of Mindfulness in Entrepreneurship: An Ethical Perspective Through the Phronesis Framework
Anand, A., Kohli, K., Branzei, O., Spivack, A. J., & Rottig, D. (2025) · Journal of Business Ethics · doi:10.1007/s10551-025-06133-3 · Cited by 2 · see citing works
Financial Mindfulness: A ScalePreprint
Garbinsky, E. N., Blanchard, S. J., & Kim, L. (2023) · SSRN Electronic Journal · doi:10.2139/ssrn.4564115 · Cited by 2 · see citing works
Implications of Fraud Detection Decisions
Rice, M. (2021) · doi:10.33915/etd.8314
Financial Markets and Individual Attitudes: The Stick-balancing Model
Mazzarino, L., Biondo, A. E., & Pluchino, A. (2025) · Computational Economics · doi:10.1007/s10614-025-11236-0
Yeshvandh, J., Keshav, R., Pandey, M., & Babu, N. (2026) · Indian Journal of Occupational and Environmental Medicine · doi:10.4103/ijoem.ijoem_326_23
- Authors
- Charoensukmongkol, P., & Aumeboonsuke, V.
- Affiliations
- National Institute of Development Administration (TH)
- Venue
- International Journal of Work Organisation and Emotion
- Publisher
- Inderscience Publishers
- Published
- 2016
- Volume
- 7
- Issue
- 4
- Pages
- 257
- ISSN
- 1740-8938 (ISSN-L)
- 1740-8946
- OpenAlex
- W4243976233
- Cited by
- 15
- References
- 0
- Citations by year
- 2026: 1 · 2025: 3 · 2024: 1 · 2023: 1 · 2022: 2 · 2021: 5 · 2020: 1 · 2019: 1
- FWCI
- 0.45
- Type
- journal article
- Language
- en
- Open access
- closed
- Locations
- International Journal of Work Organisation and Emotion (publishedVersion)
- Topics
- Social Sciences › Psychology › Clinical Psychology › Mindfulness and Compassion Interventions
- Social Sciences › Economics, Econometrics and Finance › Finance › Financial Markets and Investment Strategies
- Social Sciences › Decision Sciences › General Decision Sciences › Decision-Making and Behavioral Economics
- Keywords
- mindfulness, impulse control difficulties, impulsivity, professional traders, mediating effect, moderating effect
About these checks
Registry, retraction, Cites and statistics results are computed, not judged, with one exception: a printed reference that no index lists is read once by a model before it counts as a citation error. Claims are extracted by a model and kept only when their quote appears verbatim in the text; each cited source is then checked, with a model’s help, for whether it says what the claim relies on. Those verdicts can be wrong — read the claim’s quote and the cited source before relying on one.
Statistics and arithmetic are recomputed, not judged.
Confidence bands are shown only for fields calibrated on our annotated test set. None is calibrated yet, so no band is shown.
What counts as a claim ›How we measure confidence ›How we check this ›
Are you an author, or do you see a problem with this page? Request a review
