The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack there of. Trading discipline is 90 percent of the game. The formula is very simple : Trade with discipline and you will succeed, trade without discipline and you will fail.
Following 10 rulers of trading discipline, you must condition yourself to behave with discipline over and over again.
Following 10 rulers of trading discipline, you must condition yourself to behave with discipline over and over again.
- The market pays you to be disciplined
- Always lower your trade size when you're trading poorly
- Be displined everyday, in every trade, and the market will reward you.
- Never turn a winner into a loser
- Your biggers loser can't exceed your biggest winner
- Earn the right to trade bigger
- Develop a methodology and stick with it. Don't change methodologies from day to day
- Be yourself, don't try to be someone else
- Get our of your losers
- Never take a big loss, only a big loss can hurt you
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