How traders build discipline everyday

michael martin martinkronicle

How traders build discipline everyday

Great traders focus on their behavior all the time.  Consistency Perseverance Persistance  Determination When you’re starting out you won’t have the luxury of having these feelings if you blow up two months into your trading career. Keep your frequency of trading to a minimum until you learn to trade one style and own it.

Great traders focus on their behavior all the time. Trader discipline combines elements of the following:

  • Consistency
  • Perseverance
  • Persistance 
  • Determination

When you’re starting out you won’t have the luxury of having these feelings if you blow up two months into your trading career.

Keep your frequency of trading to a minimum until you learn to trade one style and own it. Limit yourself to initiating two trades a day, else you might find yourself chasing everything that’s up $2 / share because you feel you’re missing out on many trades.  

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