Discipline is the first you should practice if you want to be a successful trader. All the successful traders on the planet are disciplined traders. They may have distinctive trading techniques however one thing is normal which is they are restrained. Taking in the market and being control is trading is the way to accomplishment here.
Discipline is the first you should practice
- Thread starter Walter O'
- Start date
yes till you learn what makes the market move
if not you will be wiped out before you learn.
and will not be able to pay the tuition fees
Lol hahaahahah. I like you man.
You make those two steps sound very easyyyyy.
You should write an Ebook or Book on How to Develop an Effective and Profitable Trading Plan.
I keep telling you man. If writing a trading plan was the key to making money we all be wealthy.
Where did you get your trading plan from?
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Yes discipline is important, but having a trading system with clearly defined rules and money management parameters is even MORE important!
It is impossible to maintain ANY kind of discipline unless you KNOW that your system is indeed profitable.
I researched and read everything I could get my hands on.
I studied the market.
I watched what worked and what didn't
I kept it simple. Something I could easily explain.
My priority became to protect capital, limit risk and make money, in that order.
I spent a lot of time trying to prove my system didn't work.
The only way you Know your system is profitable is to trade it with discipline.
