Discipline is required to become a consistently profitable trader. However, most forex traders struggle to maintain discipline while trading the markets. What should we do to become disciplined traders, and how can we change our trading behaviors to become more disciplined?
If you already have a consistently profitable system to follow discipline is easy. If still learning to find the way discipline is hard as curiosity is needed to explore this and that.
It's all about training. Repetition under real conditions. Look for root cause failure analysis. Fix what's broken and stress test again. Everything is a whole composed of smaller units. Discipline is a dynamic composed of smaller loops. Reinforce each and every loop to be more disciplined. A chain is only as strong as its weakest link You can set software limits. If you're about to break discipline, You need an outside, objective safeguard. A fence that makes you unable to fool around. Sometimes when you have to be accountable, Tell someone about what you've done ... Then it motivates you to stay clean. Prefect Practice makes Perfect
Besides the Brain their is another part of the body that plays a prominant role in the expression of behavior, especially decision making and emotions. It's the Penis. Many brain functions are actually expressed through the Penis.
If you're not disciplined in life you will never be disciplined in the markets, make a set of rules for every day and if you break them, then in the markets you will lose money, very simple.
%% WRITTEN Plan Helps. And Lee-me; I never mess with a bee tree ; wrong risk reward. Doing things you dont want to/ like walking a planned time per day helps a lot. If your beliefs are not useful, consider changing your beliefs-T Basso with Trendstat.
Some basic rules "How to become a disciplined trader" Create a trading plan and stick to it. Implement strict risk management rules. Follow a proven trading strategy consistently. Practice patience and avoid impulsive trades. Manage emotions by staying mindful and in control. Maintain a trading journal for self-reflection and improvement. Seek support and education from trading communities. Developing discipline takes time and effort