discipline in trading

oraclewizard77 said:
And you do this?

I would actually suggest that one can use automated targets and stops so you don't have to watch the trade.

Also, try to have money other ways like a job, gig work, or a business until or if you can consistently make money trading.
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Good Morning oraclewizard77,

I do not understand how Discipline have anything to do with trading.

Yes, I do not think about Discipline when I am trading. There is nothing to be discipline about.

Whatever I do while trading and my reason for doing it, is my decision to do, discipline has nothing to do what that decision. I just do it because I want to.

Whatever I did was because I thought or felt it will make me money. And if I am do something, I am 100% correct for doing it.

Rather I lose or win, on the trade I am correct. I am NEVER EVER in doubt, even if the outcome is wrong.

I am not understanding how Discipline has anything to do with trading or me trading, IMO.

Seems like "discipline trading" is another distraction or overthinking.
 
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ironchef said:
Most traders failed because their system has no edge.

Like @SimpleMeLike said, how is discipline going to help me make money if my system has negative expectancy, has no edge?
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Good Morning ironchef,

EXACTLYYYYYYY!!!!!

What does discipline has to do with trading?? Absolutely nothing, IMO.

You enter the trade, exit for a loss or exit for a profit!

Why traders make it so complicated??

Just click the chart, why make it some complicated.
 
eleanorK80 said:
Experiences like yours highlight the unpredictable nature of trading and the value of knowledge and flexibility over strict discipline.
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Exactly;
all good points.
Semi-strict discipline can't be beat; i dont really like the ultra fine point pen.
Kids crayon trend LINE [aka magic marker, big trend so to speak] line maybe best........................................................................................
Lot to learn in any business: almost messed up again getting yelloW brass mixed up with same color stainless steel..............................................
Even when we learned to make conssitent money in trading -inVesting; get a farm like Paul tudor jones.
I saw an auto liscense plate @ metals dealer today it said '' JONES'';
there is a rich big trend dealer in this sate , named ''JONES'':D:D
 
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BELIVE it or not;
that rich multi-line auto dealer named ''JONES'' ----------------------------------------
When i bought an auto from Mr Jones /said show this ticket to the AmaCo gasoline dealer on way out of town/ FREE fossil fuel fill Up!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!:caution::caution:
 
ironchef said:
Mr turtle, you speaks in parables. even better than brevity. :p
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THANKS for the Validation;
iron chief[iron chef]:D:D.
Believe it or not i found another metal '' edge '';
Gerber knife , but I dont have any idea if i can repeat that . Maybe
Come to find out, today, Gerber Baby food{Nestle Co]is different co] from Gerber Knives }
 
For me, trading has been a really disciplined path. Though there were times when I wasn't sure, sticking to my trading plan and keeping a routine became my guiding principles. face a new task every day, and discipline serves as my guide.
 
Franziskaschulz said:
The hardest part is to be disciplined 100% of the time, and even a small mistake can ruin everything you have done earlier.
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THATS actually a plan - clue, since its not possible to do that 100% 0f the time;
but most businesses have more than one way to make money.:caution::caution:
Dont really have to have 50+/ businesses like State Farm .
One woman asked is that 50+ 1?
No, its 50 more or less.
 
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