STRATEGY #5: Trading Discipline

STRATEGY #5: Trading Discipline Have you ever exited a trade at a loss, only to find that the trade would have been profitable only a little while later? Have you ever exited a losing trade, opened one in the opposite direction, and then lost twice? Have you ever not stayed in a trade long enough to get the full amount of profit from it? Discipline is the answer. Disciplined traders succeed and undisciplined traders fail. It’s really that easy. Discipline is what separates human accomplishment from human failure. It is what distinguishes bad from good. It is the Grand Canyon separating good from Great. Superior performance from mediocre accomplishment. A+ from C-. 10 pips up from 100 pips down. Discipline breathes life into every aspect of life; the lack of discipline sucks energy from all endeavors, characteristics, qualities, attributes, projects, goals, and people. Life can be led without discipline but it cannot be led well. A trader without discipline is like a without focus. Finally, setting your trading plan is the best option in trading discipline. Wishing you the best in your trades. How to set your Trading Plans next post