The Battlefield Of Discipline in Trading


You need to understand that no goal, no matter how big, can lead to success without discipline. Without discipline, you cannot be successful in trading. No one can be successful in any business without absolute discipline, let alone in trading. Discipline is the foundation of a successful trader. It is a discipline that separates human achievement from human error, successful traders from unsuccessful traders, successful trades from lost trades. In this way you remain bound to your goals and wishes. I really believe you and I can’t be very happy without discipline, just as we can’t be very organized, rich, and intelligent without discipline. From my own point of view and that of some of the traders I interviewed, trading systems are valued on the ladder of success in trading well below discipline and money management.

The best place to meet high achievers, investors, traders, writers, lovers, fathers, etc. is a discipline club. This is the only parameter that sets you apart from millions of traders. A disciplined person knows that he or she must be willing to devote 100% of their time and other resources to the success of their chosen profession. No matter what it takes, he’s ready to endure. The ability to execute each trade as planned is a discipline. If you follow your trading system and plan, you will be exercising good discipline. The trading system can be tested and reliable, its discipline will make it work and effective. No system can be 100% accurate and produce 100% profitable trades every time. In the event of a withdrawal, his discipline, which will lead you to quickly pick up the losers and move on to the next trade, will stick to the system as long as you believe in the feasibility and reliability that it will be profitable in the long run. The merchant’s discipline manifests itself in his decision-making. When trading, always remember that it is a responsibility to be disciplined when it comes to accepting results. You must accept the risk before opening a position. Trading should be treated like business. Rising from the subconscious of emotional and rational incompetence to a mental and emotional state of competence is the result of proper preparation and discipline. When you’re in a tough spot and everything is going against you until you can’t hold off, never give up because that’s the time and place when the tide will turn, says Harriet Beecher Stowe. My experience is very helpful in making a simple classification of the trading disciplines. Emotional, systemic and professional discipline. A trader may not be perfect in everything, but he should strive to improve every day.

Emotional discipline

I’ve read book after book about getting emotions out of trading, but I haven’t seen anyone who can get emotions out of trading. I only see people who are aware of their feelings. You can’t completely take emotions out of trading – never. But now that you understand that your self-awareness is the most important factor of discipline, you can use any level of emotion to your advantage (consciously and unconsciously). There is a logical difference between being aware of your feelings and acting to change yourself. The emotions that writers, writers, and other traders try to explain are unconscious emotions. These two emotions do not need to be generalized as emotions cannot be completely eliminated in trading. The way to deal with this is through discipline and understanding, by bringing unstable subconscious emotions into stability. When emotions become conscious, evaluation begins.

From a psychological point of view, it goes without saying that unconscious actions are brought into consciousness, recorded in the cortex and the cortex can evaluate new things and decide to change one’s mind. Feelings (emotions) are part of decision making, their analysis makes them rational. Traders are more likely to be fooled by market price movements through the power of buyers and sellers who go to great lengths to get price movements into the desired positions. Price may not be the true value of a particular underlying asset, but rather the power of the emotions of buyers and sellers at a given point in time that causes it. Since the market trade is a zero-sum transaction, it is mathematically impossible to know with certainty whether a trade assumption or estimate is correct, except later after the position is opened. But since prices devalue the actual state of the market at any given point in time, A trader must understand that the price is there because it should be there and it is. u is caused by the forces of supply and demand. If you as a trader are indifferent to the current price, then what I call emotional discipline is the ability to remain in a calm and calm position regardless of price movements. You should be in the ‘baking’ market at some point. Don’t do anything but keep an eye on the power of other buyers and sellers in the market. If you are emotionally disciplined, stick to the principles of silence, calm and avoid the chaos caused by other traders, especially if you cannot digest the element of understanding the prevailing market direction. Remember that we are afraid of what we do not understand.