How Trading Discipline Leads to Better Trades

“Discipline is the practice of making people obey rules or standards of behaviour, and punishing them when they do not. Discipline is the quality of being able to behave and work in a controlled way which involves obeying particular rules or standards.” – Trading discipline involves making yourself follow your own trading rules. Self discipline enables a trader to trade a system consistently over time like they planned to with the right position sizing, stop losses, and trailing stops. Many times a trader can feel like they are two different people. They can feel calm and rational when the … (full story)

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