Method or Rule?

Discussion in 'Psychology' started by Kevin1616, Oct 24, 2021.

  1. Kevin1616

    Kevin1616

    I would like to start a discussion on whether Method or Discipline is more important in this market?

    There are people who think that the right method will make you rich very quickly, but there are people who think that the method only accounts for 10% of your success, if you want to be the ultimate winner, you must be a man keep rule.

    What is your opinion?
     
    RachEB likes this.
  2. sandy_s

    sandy_s

    Provided you have the right methodology, you need the discipline to stick to it...no matter what..
     
    MACD and Leob like this.
  3. LuckyMac

    LuckyMac

    Discipline imo as there are so many methods whereas discipline is in short supply. A method with discipline works a method no matter how good does not work without discipline
     
    MACD likes this.
  4. RachEB

    RachEB

    Discipline and do not let your emotions in.
     
    Nobert likes this.
  5. tiddlywinks

    tiddlywinks

     
    comagnum likes this.
  6. Handle123

    Handle123

    If personality coinsides with method (drawdowns) is easier to trade than mismatch. Poor discipline can be result of multiple mismatches.
     
  7. Leob

    Leob

    When you believe in your method you don't need to be discipline. The discipline is build in when you believe. Discipline is hard to maintain. Believes are integrated in your personality.
     
    formikatrading likes this.
  8. 80% Psychology / Mindset
    10% Risk Management
    10% Trade plan
     
  9. Having the best method will also be wasted if you are not disciplined enough to use it effectively.
     
  10. henry76

    henry76

    It's so much easier to be disciplined when you win and win again , not so easy when you lose and lose again.
     
    #10     Nov 6, 2021
    Fonz and Leob like this.