A common question I get from traders is this…
Rayner! How do I become a more disciplined trader?
Here’s the thing:
If you’re discipline in your everyday life, chances are you’ll be a disciplined trader.
But, if you’re someone who:
- Constantly turns up late for work
- Seldom meet deadlines
- Always procrastinate and never get things done
Chances are you’re not going to be disciplined in your trading.
Now, the good news is…
You can do something about it.
And in today’s lesson, I’ll share with you practical tips on how to become a more disciplined trader.
Follow the steps given and you’ll see an improvement to your trading performance.
So, go watch this training below:
Once you’ve had a chance to watch, I’d love to know…
What’s the one thing you’ve done, to make yourself a more disciplined trader?
Do you want to learn a new trading strategy that allows you to profit in bull and bear markets?
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I found this nice quote.
Champions know there are no shortcuts to the top. They climb the mountain one step at a time. They have no use for helicopters! – Judi Adler
And in my words, I would say, the meaning of being a champion is to take one step at a time, and another step at a time…
Thank you Ray 🙂
Shlomi
Great quote, Shlomi!
I decided to get serious about trading 2 years ago.
and to show to myself that I really meant it,
I chose to cut back on what I cherished a lot… sleeping in.
it has been two years that I get up at 2:15 AM NY time
and keep track of the 3 markets I follow.
all the way until 2:15 PM NY time.
Hey Francois,
Thank you for sharing your experience.
Don’t hesitate to let me know if there’s anything, I’ll be glad to help.
Rayner
This is difficult, really the most difficult thing together with risk/greed/
Hi Stephen,
Yes fear and greed are the 2 strongest emotion that affects a trader.
Having a trading plan would definitely help manage it better.
Rayner
Hi, writing your problem down and keep it a front of you and reading it before you enter the market will help a lot.
For example I can find trades “any minute” when I open my charts, but there are not always good setups. Having a warning in front of me like,
“Wait for the right setup!”
helps a lot with discipline to be patient.
Hey George,
That is a brilliant suggestion! I’ve got a sticky note in front of my monitor as well.
Hope to hear more from you in the near future bud.
Rayner