Trading Discipline
Minggu, 28 Oktober 2018
Edit
I could rank this post right up there. I mean north. Trading Discipline. Consistency. The discipline to follow your system. To stick with something till the end. Not jump the ship when the going gets tough. It eventually does. No matter what trading system you buy or use of your own. The business of trading is about playing the odds. You play the odds but the outcome could be negative on a particular odd.
But you still play. You manage your money. Cut your losses short and let the winner ride. There is the secret to success in life and markets. But the question arises as to how you develop discipline. How do you develop that trait that almost all winning traders possess? You develop it by having confidence in something. Confidence in the fact that your trading system is sound. It makes sense logically. When you develop the faith and confidence in something, then you develop the emotion of discipline. The discipline to stick with it till the very end. That’s the most important quality in trading. It’s not that easy. It’s easier said than done. But you develop it over a period of time. It’s not that easy to sit on a pile of cash and not make a bad trade.
That cash burns a hole in your pocket. You feel you have to do something. You don’t. Relax and enjoy life. There is more to life than trading. Enjoy the process of trading. Note that I said process. Until you enjoy the process, you will not make it to the end. And even if you did, you won’t be very satisfied. There’s gonna be a gaping hole in your psyche. A hole that says that something is incomplete. Enjoy it. Cherish it. Relish it. Trading will be even more fun then.
You will enjoy putting on trades. I can tell you that’s not the case for a lot of people on this planet. Trading is risky. Most people are scared to open their brokerage statements. But if you do it right, trading should be completely smooth and steady. Ask yourself, have you accepted the risk of this business. I mean really. HAVE YOU ACCEPTED THE RISK OF THIS BUSINESS? Because if you have, you should not be stressed. Right? Once you accept it, you can begin to act rationally. You can begin to make the A trades. Money will flow into your life. Trading will become like playing music. You will become a part of the market. The money will be proof. The money pouring into your account is just a byproduct. But that’s how you measure it.
Anything measured, is improved. The reason I have made my trading system simple is so that you can follow it without any problems or concerns. Once you start using it you will begin to appreciate the simplicity of it. You will appreciate it because you will notice that trading is about being at one with the market. Once you are at one with it, you will understand it’s next move with astonishing accuracy. But you need to experience that for yourself. No amount of my saying it will make you a believer. You need to see and feel it for yourself. If success still eludes you, get back to the basics. Basics. You will eventually get it right. I promise you, you will.
But you still play. You manage your money. Cut your losses short and let the winner ride. There is the secret to success in life and markets. But the question arises as to how you develop discipline. How do you develop that trait that almost all winning traders possess? You develop it by having confidence in something. Confidence in the fact that your trading system is sound. It makes sense logically. When you develop the faith and confidence in something, then you develop the emotion of discipline. The discipline to stick with it till the very end. That’s the most important quality in trading. It’s not that easy. It’s easier said than done. But you develop it over a period of time. It’s not that easy to sit on a pile of cash and not make a bad trade.
That cash burns a hole in your pocket. You feel you have to do something. You don’t. Relax and enjoy life. There is more to life than trading. Enjoy the process of trading. Note that I said process. Until you enjoy the process, you will not make it to the end. And even if you did, you won’t be very satisfied. There’s gonna be a gaping hole in your psyche. A hole that says that something is incomplete. Enjoy it. Cherish it. Relish it. Trading will be even more fun then.
You will enjoy putting on trades. I can tell you that’s not the case for a lot of people on this planet. Trading is risky. Most people are scared to open their brokerage statements. But if you do it right, trading should be completely smooth and steady. Ask yourself, have you accepted the risk of this business. I mean really. HAVE YOU ACCEPTED THE RISK OF THIS BUSINESS? Because if you have, you should not be stressed. Right? Once you accept it, you can begin to act rationally. You can begin to make the A trades. Money will flow into your life. Trading will become like playing music. You will become a part of the market. The money will be proof. The money pouring into your account is just a byproduct. But that’s how you measure it.
Anything measured, is improved. The reason I have made my trading system simple is so that you can follow it without any problems or concerns. Once you start using it you will begin to appreciate the simplicity of it. You will appreciate it because you will notice that trading is about being at one with the market. Once you are at one with it, you will understand it’s next move with astonishing accuracy. But you need to experience that for yourself. No amount of my saying it will make you a believer. You need to see and feel it for yourself. If success still eludes you, get back to the basics. Basics. You will eventually get it right. I promise you, you will.