Tag: discipline

The winning trader may be the disciplined trader.Discipline means controlling impulses and controlling emotions.As many new traders can let you know, however, maintaining discipline is frequently easier in theory.Just because the the greater part of market participants are driven by fear and greed, many new traders find it hard to avoid succumbing to self-doubt and panic.We are trend followers and our "edge" to profiting in the markets is named trend timing...

The methods utilized by winning traders are extraordinarily diverse.Regardless of the broad spectral range of traders, certain characteristics are located generally in most winning traders:Winners have a trading plan with a technique that incorporates effective money management.They will have the discipline to execute their plan relatively flawlessly and the self-confidence to accept the amount of money the marketplace gives them...