How to discipline with our trading system?
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Thread: How to discipline with our trading system?

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    How to discipline with our trading system?

    We know that our main enemy in this business is our emotion. It is hard to be discipline trader because of our emotion, because we become greedy, get fear or other else. Actually, once we can be discipline, not matter how simple is our trading system, we still can make good quality of trading, but the fact, it is hard for us to be discipline, despite we have a good trading system.

    From my experience, how we can be discipline with our trading system? Just do your trading system consistently in 2 months, then you will be discipline. discipline is a habbit, then if we want to become discipline, we must change our habbit everyday. After 2 months, then dping the same trading system everyday will become our habbit.

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    This issue of discipline is a strong psychology of trading that all traders should abide with. There are lots of traders working in the forex market that has everything but not discipline, and they are still paying dearly for this. Traders need to be sure of what they are working with(systems of trading and plans), and make sure they are doing that only, it is discipline that will do this for you. Discipline does not make traders to deviate from their trading plans, and determination will help traders in being disciplined.

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    Quote Originally Posted by elena View Post
    We know that our main enemy in this business is our emotion. It is hard to be discipline trader because of our emotion, because we become greedy, get fear or other else. Actually, once we can be discipline, not matter how simple is our trading system, we still can make good quality of trading, but the fact, it is hard for us to be discipline, despite we have a good trading system.

    From my experience, how we can be discipline with our trading system? Just do your trading system consistently in 2 months, then you will be discipline. discipline is a habbit, then if we want to become discipline, we must change our habbit everyday. After 2 months, then dping the same trading system everyday will become our habbit.
    It must be recognized that for discipline in forex trading is difficult. But, we should not give up and cease to be disciplined. Keep learning to discipline, so you can see what the impact is felt when we discipline. The trick is to continue to learn discipline, to learn patience. Things that make us no discipline is not able to control emotions.

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    Quote Originally Posted by meril View Post
    It must be recognized that for discipline in forex trading is difficult. But, we should not give up and cease to be disciplined. Keep learning to discipline, so you can see what the impact is felt when we discipline. The trick is to continue to learn discipline, to learn patience. Things that make us no discipline is not able to control emotions.
    We have to learn the ways which can make us disciplined. It is not so easy thing to achieve. Discipline in trading will put us at a high level in our trading. The chances of earning here will be so high when we are disciplined then when we are not disciplined.

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  5. #5
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    Its important to follow proper discipline in trading but as you are saying that trading psychology is one of the important factor and famous subject in this business now days. You can follow proper discipline like money management, risk management, stop loss, but you should have a good capability to control your emotion otherwise everything is useless here.

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  6. #6
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    According to me its not very easy to explain that how you have to follow discipline in trading I can tell you that use proper trading rules but as everyone saying that you should have a good control on your trading psychology and only after getting market experience you will able to know that fully. Spend time in the market and get real trading experience

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  7. #7
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    Quote Originally Posted by meril View Post
    It must be recognized that for discipline in forex trading is difficult. But, we should not give up and cease to be disciplined. Keep learning to discipline, so you can see what the impact is felt when we discipline. The trick is to continue to learn discipline, to learn patience. Things that make us no discipline is not able to control emotions.
    what i want to say in this threat is actually is discipline is a habit and we can develop it day by day. so, when we can develop other habit, then we can develop discipline also day by day. when we can be discipline, we will get so many benefits and advantages from our daily trading. i think our trading quality will be increased also when we can be discipline

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    yes, discipline is a habit, and if the traders want to get this good habit, they will need a good mindset and commitment which support their activities on this business, they need to do it regularly in practicing, learning and trading, this is the only way that have to be done by the traders. and discipline will give them good results

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  9. #9
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    Quote Originally Posted by elena View Post
    what i want to say in this threat is actually is discipline is a habit and we can develop it day by day. so, when we can develop other habit, then we can develop discipline also day by day. when we can be discipline, we will get so many benefits and advantages from our daily trading. i think our trading quality will be increased also when we can be discipline
    It is true, we can force it on ourselves and things would be blending as it is. Forex trading is not about working alone, but making sure that you are working under the right trading psychology, this would make your trading be better. Most of traders are really suffering for just discipline, and the earlier the better for them to know the problem they have in this market.

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    Quote Originally Posted by cozard007 View Post
    It is true, we can force it on ourselves and things would be blending as it is. Forex trading is not about working alone, but making sure that you are working under the right trading psychology, this would make your trading be better. Most of traders are really suffering for just discipline, and the earlier the better for them to know the problem they have in this market.
    According to me without any use of a good trading psychology we are not safe in this risky market. Forex trading is not only about a trading strategy or a trading analysis. Its not even only buy or sell or money management and risk management. The main part of our trading is to control our psychology, and the other thing is to combine these all things to make this business less risky and profitable for us.

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