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Sunday 26 May 2013

KEEP DISCIPLINE AND PATIENCE


When you have clearly find your trading methodology, then you must have the discipline to follow your system. A Lack of Discipline in this regard is the main fatal flaw because most of the time the markets are not trending in one clear direction.
The formula for success is to consistently apply a proven methodology. So the best advice I can give you to overcome a lack of discipline is to define a trading methodology that works best for you and follow it religiously.
Trading sure is inherently exciting and anything involving money usually is exciting, it’s easy to feel like you’re missing the party if you don’t trade a lot. As a result, you start taking trade setups of lesser and lesser quality and begin to over-trade.
If the way you begin to over-trade, then you have either not identified your methodology or you lack the discipline to follow the methodology you have identified.

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