Being a disciplined trader requires commitment and effort. Here are some steps that can help you become a more disciplined trader: -Develop a Trading Plan -Set Realistic Goals -Follow a Trading Routine -Use a Trading Journal -Manage Risk Remember, becoming a disciplined trader takes time and effort, but the rewards can be significant. By following these steps and staying committed to your trading plan, you can increase your chances of success in the markets.
You can’t become a disciplined trader if you are unable to make yourself do anything. If you have a desire to earn your living by trading, you need to make some practical but uneasy steps to turn your chaotic gambling-like trading into something organized. For this purpose, you should get used to placing stops. Never enter the market without a stop-loss order. Set the maximum amount you can afford losing one time. Convert this into the number of points and set corresponding stops. Placing stops is the first step towards disciplined trading.
Discipline trading boils down to one thing You either want it (above all else) or you don't (do.., or do not - there is no try) Get out of your own way and make it happen RN