In trading discipline makes money, focus make... Read more
Not exact matches
A
trade war triggered by safeguard tariffs would open a new wound
in the global
trading system, because it would unravel almost a quarter of a century of
discipline and dethrone the WTO as the arbiter of global
trade and a check on protectionism.
Governments of all political stripes have been elected and re-elected, here
in Canada and abroad, on a similar economic platform: openness to
trade, fiscal
discipline, tax competitiveness and investment
in skills, research and infrastructure.
We achieve this by focusing on equities and fixed income investments that
trade in North America, and by sticking to our «
Disciplined Dividend Growth» investing approach.
Since 2002, we have been using our
disciplined, rules - based system for timing the markets, which is one of the reasons we have managed to produce consistent
trading profits with the detailed ETF and stock swing trader picks provided
in our end - of - day stock newsletter.
We provide opportunities
in a wide range of
disciplines including operators,
trades, metallurgy, maintenance, laboratory, administration, management and other professional roles.
In the above quote, Paul Tudor Jones is reflecting on a very bad
trade that he lost a lot of money on and how it drove him to be more
disciplined and focus more on money management.
If you want to learn how to
trade options more confidently, you need this options
trading tutorial to ensure you have the
discipline in place that is necessary for all successful options traders.
Analysts who retain sympathy for the gold standard, like self - confessed «gold bug» John Mauldin, have always understood that the main argument
in favor of gold is that it imposes an unbreakable
trade and capital flow
discipline — indeed that is also the main argument against gold — but many of them have tended to de-emphasize reserve currency economics mainly, I think, because this particular problem is to them subsumed under their more general concerns about money.
Until China is ready to take on
trade agreements with greater
discipline and ambition, North America will work on strengthening its trans - Atlantic ties as a counterpoise while pushing forward the TPP as a foothold
in Asia.
Author of Mastering the
Trade) Adrienne Toghraie: (Trader's Coach, Motivator, «seller» of
discipline — «Overcome Sabotages
in your
Trading») Tom Busby: Trades Around the Clock with a common sense, down to earth style.
Over the past two months,
in which the main stock market indexes have been trending steadily lower, the benefits of consistently following a
disciplined, rule - based swing
trading strategy and market timing system have again been brought to light.
But if you're serious about consistently raking
in short - term
trading profits over the long - term, you must develop the patience and
discipline to follow our proven swing
trading system taught every day
in this newsletter.
Although there is no right or wrong way to profit
in the stock market, we feel the best way to yield consistent stock
trading profits is through following a
disciplined, rule - based
trading strategy and market timing system that yields consistent gains with the least amount of proportionate risk.
When
trading with the trend, taking a
disciplined approach to stock selection and
trade management will further skew the probabilities
in your favor.
The goal of our service is for a trader to learn how to properly follow a
disciplined trading system and to manage risk
in their own accounts.
He's a devout market historian, old school market technician and fundamental analyst who uncovers ripe
trading and investment opportunities by zeroing
in on securities
in which all three
disciplines lineup.
@Godfreenow If god helps you be more
disciplined in your life, well then that's great for your body, but you've only
traded one addiction for another.
If god helps you be more
disciplined in your life, well then that's great for your body, but you've only
traded one addiction for another.
The international
trade secretary called for loyalty
in the Tory ranks to make «an overdue and spectacular comeback» and he implored his fellow MPs «to act with an increased sense of
discipline».
«The majority of REME soldiers join the army to gain a
trade and during our careers we obtain qualifications; from City & Guilds to HND's
in various forms of Engineering, whether it be
in the Mechanical, Electrical or Aeronautical
disciplines.
Architecture as a curriculum enhancer also distinguishes Trias VMBO, which offers an innovative style of preparatory vocational training for 1,800 students ages 12 - 16, with courses
in a diverse range of
trades, crafts, and technical
disciplines, including health care, catering, engineering, and fashion design.
You can do this by employing the
disciplined to ONLY
trade when your edge is present...
in other words, stop
trading just because you «want» to!
The only enemy we have as traders is ourselves — our own lack of patience and
discipline in the market, self control and not making or even following a
trading plan.
As humans, we struggle with self - control and self -
discipline, especially when we put ourselves directly
in the realm of temptation, like when
trading low time frames.
If you remain
disciplined and stick to your
trading plan over a large enough
trade sample size, you should come out on top
in the end, of course that is assuming you are using an effective
trading method like my price action strategies.
Consistently
trading an effective
trading method with
discipline, like the price action method I teach
in my forex
trading course, will eventually turn into proper
trading habits which will then turn into making money consistently
in the markets.
Unfortunately, many traders don't keep a track record of their
trades and it results
in them getting off track and losing their
discipline and never developing the
trading habits they need to succeed
in the markets.
Thus, it would make far more sense to «hope» for a profitable
trading year IF you follow your strategy and implement consistent
discipline in your money management, rather than «hoping» that every
trade is a winner, because then you are hoping for something that is not realistic.
To be successful
in intraday
trading a lot of
discipline is required.
Have confidence
in your
trading system and your
discipline to execute your
trading plan with
discipline.
Forex
trading is very similar... you need a
trading edge (weapon), you have to master this edge, you need to develop and maintain rigid self -
discipline and control, and you have to execute your edge flawlessly
in the face of constant temptation to over-trade and over-leverage.
One of the best ways to improve
trading discipline is to increase your faith
in your
trading system.
Over time, this approach should increase your win rate and will build your confidence
in your ability to not only
trade profitably but to remain patient and
disciplined as well, and that is truly something to be proud of considering lack of
discipline and patience is most traders» downfall.
As long as you start with a good
trading system, track your
trades, manage your money / risk properly, and continue to work on your psychological
discipline, you have a great chance of profiting
in the Forex market — part - time or full - time.
If you are
disciplined enough to set your own daily loss limit and adhere to it carefully, you will give yourself better odds of surviving
in the day -
trading arena and preventing catastrophic days where you may lose a large portion or all of your account.
From all my research (not indicators), and failed
trading using pivots theory, Elliot waves, wyckoffoff theory, VSA, Nialls method concentrates the essence of
trading in an easy to use way - the difficult bit is to be
disciplined and put it into practise because we always think we know better.
Hi, Being organized running
in the market with
discipline and patient equipped with right mindset having strong plan including money management to apply it
in price action strategy
in high probably
trade is what I learned Nial Running with emotions verses logical thinking is the difficult part which this article trying to solve
Unless you want to spend 10 + hours a week, read a lot of books, learn how to evaluate financial statements, phone
in for shareholder meetings and are
disciplined enough to remove emotion from your
trading strategy, invest
in a low cost broad market index fund and make some decent money with very little effort.
Your job is a natural distraction from over-
trading and over-analyzing the market and it can help you remain
disciplined and patient
in the market,
in addition to providing you with a steady flow of income, which you also need to harvest a successful
trading mindset (you can't
trade live if you're broke).
Pictet Asset Management believes
in disciplined active management through bottom - up stock selection and seeks to identify stocks
trading at a discount to its calculation of intrinsic value.
Nothing can save your account if you don't follow a
disciplined risk management method
in your
trading.
It is execution of
discipline that makes a successful trader, this means reinforcing positive
trading habits instead of negative ones and making a conscious effort to make sure all your actions
in the market are logical and not - emotion based.
The first requirement of
trading is that you have to stay
in the game, and the best way is to become
disciplined and consistent.
Greenhouse MicroCap Discovery Fund will pursue long - term capital appreciation by investing
in 50 - 100 microcaps «run by
disciplined management teams possessing clear strategies for growth that...
trade at a discount to intrinsic value.»
Psychological capital is a broad term referring to your willpower and confidence to
trade in a
disciplined manner.
Thanks Nail for letting me stand on your shoulders, its a new day to my
trading, the
trading affirmation has done alot
in me, for this article i have been a victim of all, but since i became a member of this community & gone through your course lessons every of my
discipline affect every other
discipline in my
trading, 17
trades so far on the daily time frame, 11 winning
trades, 2 losses, 1 stopped out at break even, & still have 3 winning
trades on, all from the pin bar set up from your course lesson, thanks to all the guys
in the community, you guys have been brilliant
in the live forum, once again thanks Nail i appreciate you, no questions at the moment, its been great with understanding your teaching, God bless.
Using price action is to me the best way to
trade because it is simple it is therefore me who makes it complicated and through time patience routine
discipline and having a mentor like yourself has been the difference between looking for quality
trade set ups and just guessing which is I can't control what the market is doing but I can control how I
trade in the markets.
In my small unique book «The small stock trader» I also had more detailed overview of tens of stock trading mistakes (http://thesmallstocktrader.wordpress.com/2012/06/25/stock-day-trading-mistakessinceserrors-that-cause-90-of-stock-traders-lose-money/): • EGO (thinking you are a walking think tank, not accepting and learning from you mistakes, etc.) • Lack of passion and entering into stock trading with unrealistic expectations about the learning time and performance, without realizing that it often takes 4 - 5 years to learn how it works and that even +50 % annual performance in the long run is very good • Poor self - esteem / self - knowledge • Lack of focus • Not working ward enough and treating your stock trading as a hobby instead of a small business • Lack of knowledge and experience • Trying to imitate others instead of developing your unique stock trading philosophy that suits best to your personality • Listening to others instead of doing your own research • Lack of recordkeeping • Overanalyzing and overcomplicating things (Zen - like simplicity is the key) • Lack of flexibility to adapt to the always / quick - changing stock market • Lack of patience to learn stock trading properly, wait to enter into the positions and let the winners run (inpatience results in overtrading, which in turn results in high transaction costs) • Lack of stock trading plan that defines your goals, entry / exit points, etc. • Lack of risk management rules on stop losses, position sizing, leverage, diversification, etc. • Lack of discipline to stick to your stock trading plan and risk management rules • Getting emotional (fear, greed, hope, revenge, regret, bragging, getting overconfident after big wins, sheep - like crowd - following behavior, etc.) • Not knowing and understanding the competition • Not knowing the catalysts that trigger stock price changes • Averaging down (adding to losers instead of adding to winners) • Putting your stock trading capital in 1 - 2 or more than 6 - 7 stocks instead of diversifying into about 5 stocks • Bottom / top fishing • Not understanding the specifics of short selling • Missing this market / industry / stock connection, the big picture, and only focusing on the specific stocks • Trying to predict the market / economy instead of just listening to it and going against the trend instead of following
In my small unique book «The small stock trader» I also had more detailed overview of tens of stock
trading mistakes (http://thesmallstocktrader.wordpress.com/2012/06/25/stock-day-
trading-mistakessinceserrors-that-cause-90-of-stock-traders-lose-money/): • EGO (thinking you are a walking think tank, not accepting and learning from you mistakes, etc.) • Lack of passion and entering into stock
trading with unrealistic expectations about the learning time and performance, without realizing that it often takes 4 - 5 years to learn how it works and that even +50 % annual performance
in the long run is very good • Poor self - esteem / self - knowledge • Lack of focus • Not working ward enough and treating your stock trading as a hobby instead of a small business • Lack of knowledge and experience • Trying to imitate others instead of developing your unique stock trading philosophy that suits best to your personality • Listening to others instead of doing your own research • Lack of recordkeeping • Overanalyzing and overcomplicating things (Zen - like simplicity is the key) • Lack of flexibility to adapt to the always / quick - changing stock market • Lack of patience to learn stock trading properly, wait to enter into the positions and let the winners run (inpatience results in overtrading, which in turn results in high transaction costs) • Lack of stock trading plan that defines your goals, entry / exit points, etc. • Lack of risk management rules on stop losses, position sizing, leverage, diversification, etc. • Lack of discipline to stick to your stock trading plan and risk management rules • Getting emotional (fear, greed, hope, revenge, regret, bragging, getting overconfident after big wins, sheep - like crowd - following behavior, etc.) • Not knowing and understanding the competition • Not knowing the catalysts that trigger stock price changes • Averaging down (adding to losers instead of adding to winners) • Putting your stock trading capital in 1 - 2 or more than 6 - 7 stocks instead of diversifying into about 5 stocks • Bottom / top fishing • Not understanding the specifics of short selling • Missing this market / industry / stock connection, the big picture, and only focusing on the specific stocks • Trying to predict the market / economy instead of just listening to it and going against the trend instead of following
in the long run is very good • Poor self - esteem / self - knowledge • Lack of focus • Not working ward enough and treating your stock
trading as a hobby instead of a small business • Lack of knowledge and experience • Trying to imitate others instead of developing your unique stock
trading philosophy that suits best to your personality • Listening to others instead of doing your own research • Lack of recordkeeping • Overanalyzing and overcomplicating things (Zen - like simplicity is the key) • Lack of flexibility to adapt to the always / quick - changing stock market • Lack of patience to learn stock
trading properly, wait to enter into the positions and let the winners run (inpatience results
in overtrading, which in turn results in high transaction costs) • Lack of stock trading plan that defines your goals, entry / exit points, etc. • Lack of risk management rules on stop losses, position sizing, leverage, diversification, etc. • Lack of discipline to stick to your stock trading plan and risk management rules • Getting emotional (fear, greed, hope, revenge, regret, bragging, getting overconfident after big wins, sheep - like crowd - following behavior, etc.) • Not knowing and understanding the competition • Not knowing the catalysts that trigger stock price changes • Averaging down (adding to losers instead of adding to winners) • Putting your stock trading capital in 1 - 2 or more than 6 - 7 stocks instead of diversifying into about 5 stocks • Bottom / top fishing • Not understanding the specifics of short selling • Missing this market / industry / stock connection, the big picture, and only focusing on the specific stocks • Trying to predict the market / economy instead of just listening to it and going against the trend instead of following
in overtrading, which
in turn results in high transaction costs) • Lack of stock trading plan that defines your goals, entry / exit points, etc. • Lack of risk management rules on stop losses, position sizing, leverage, diversification, etc. • Lack of discipline to stick to your stock trading plan and risk management rules • Getting emotional (fear, greed, hope, revenge, regret, bragging, getting overconfident after big wins, sheep - like crowd - following behavior, etc.) • Not knowing and understanding the competition • Not knowing the catalysts that trigger stock price changes • Averaging down (adding to losers instead of adding to winners) • Putting your stock trading capital in 1 - 2 or more than 6 - 7 stocks instead of diversifying into about 5 stocks • Bottom / top fishing • Not understanding the specifics of short selling • Missing this market / industry / stock connection, the big picture, and only focusing on the specific stocks • Trying to predict the market / economy instead of just listening to it and going against the trend instead of following
in turn results
in high transaction costs) • Lack of stock trading plan that defines your goals, entry / exit points, etc. • Lack of risk management rules on stop losses, position sizing, leverage, diversification, etc. • Lack of discipline to stick to your stock trading plan and risk management rules • Getting emotional (fear, greed, hope, revenge, regret, bragging, getting overconfident after big wins, sheep - like crowd - following behavior, etc.) • Not knowing and understanding the competition • Not knowing the catalysts that trigger stock price changes • Averaging down (adding to losers instead of adding to winners) • Putting your stock trading capital in 1 - 2 or more than 6 - 7 stocks instead of diversifying into about 5 stocks • Bottom / top fishing • Not understanding the specifics of short selling • Missing this market / industry / stock connection, the big picture, and only focusing on the specific stocks • Trying to predict the market / economy instead of just listening to it and going against the trend instead of following
in high transaction costs) • Lack of stock
trading plan that defines your goals, entry / exit points, etc. • Lack of risk management rules on stop losses, position sizing, leverage, diversification, etc. • Lack of
discipline to stick to your stock
trading plan and risk management rules • Getting emotional (fear, greed, hope, revenge, regret, bragging, getting overconfident after big wins, sheep - like crowd - following behavior, etc.) • Not knowing and understanding the competition • Not knowing the catalysts that trigger stock price changes • Averaging down (adding to losers instead of adding to winners) • Putting your stock
trading capital
in 1 - 2 or more than 6 - 7 stocks instead of diversifying into about 5 stocks • Bottom / top fishing • Not understanding the specifics of short selling • Missing this market / industry / stock connection, the big picture, and only focusing on the specific stocks • Trying to predict the market / economy instead of just listening to it and going against the trend instead of following
in 1 - 2 or more than 6 - 7 stocks instead of diversifying into about 5 stocks • Bottom / top fishing • Not understanding the specifics of short selling • Missing this market / industry / stock connection, the big picture, and only focusing on the specific stocks • Trying to predict the market / economy instead of just listening to it and going against the trend instead of following it
I can not force you to manage your money correctly, master price action
trading, or remain
disciplined over a long period of time, but if you are truly serious about having a career
in trading, you will have to dig deep within yourself and muster up the motivation to do these things and forge the proper
trading habits.