So what is the difference from those that seem to slip into this seamlessly with little or no struggles ? We hear it all the time Patience, Mechanical trading. Plan your trade, then trade your plan. These are all things that could make a great trader. But what is the underlying issue at hand that makes some able achieve those trading habbits while others don't ?
Will Power and Discipline. Here as a defintion I found on the two :
Definitions of Will Power and Self Discipline
Will power is the ability to overcome laziness and procrastination. It is the ability to control or reject unnecessary or harmful impulses. It is the ability to arrive to a decision and follow it with perseverance until its successful accomplishment. It is the inner power that overcomes the desire to indulge in unnecessary and useless habits, and the inner strength that overcomes inner emotional and mental resistance for taking action. It is one of the corner stones of success.
Self-discipline is the companion of will power. It endows with the stamina to persevere in whatever one does. It bestows the ability to withstand hardships and difficulties, whether physical, emotional or mental. It grants the ability to reject immediate satisfaction, in order to gain something better, but which requires effort and time.
Everyone has inner, unconscious, or partly conscious impulses, making them say or do things they later regret saying or doing. On many occasions people do not think before they talk or act. By developing these two powers, one becomes conscious of the inner, subconscious impulses, and gains the ability to reject them when they are not for his/her own good.
These two powers help us to choose our behavior and reactions, instead of being ruled by them. Their possession won't make life dull or boring. On the contrary, you will feel more powerful, in charge of yourself and your surroundings, happy and satisfied.
So My idea of Will Power and Discipline are that, will power could be a one time event or action. Then if you continue to use will power to basiclly force yourself to do what is in your best interest anyway then it will develop into disicpline. Which to me would be the skill of continually acting in your best interest . Not just one time you did the right thing but doing the right thing as a new formed habbit.
So how can we learn what so many feel is a genetic trait and not a learnable skill.
Next Post..
Will Power and Discipline. Here as a defintion I found on the two :
Definitions of Will Power and Self Discipline
Will power is the ability to overcome laziness and procrastination. It is the ability to control or reject unnecessary or harmful impulses. It is the ability to arrive to a decision and follow it with perseverance until its successful accomplishment. It is the inner power that overcomes the desire to indulge in unnecessary and useless habits, and the inner strength that overcomes inner emotional and mental resistance for taking action. It is one of the corner stones of success.
Self-discipline is the companion of will power. It endows with the stamina to persevere in whatever one does. It bestows the ability to withstand hardships and difficulties, whether physical, emotional or mental. It grants the ability to reject immediate satisfaction, in order to gain something better, but which requires effort and time.
Everyone has inner, unconscious, or partly conscious impulses, making them say or do things they later regret saying or doing. On many occasions people do not think before they talk or act. By developing these two powers, one becomes conscious of the inner, subconscious impulses, and gains the ability to reject them when they are not for his/her own good.
These two powers help us to choose our behavior and reactions, instead of being ruled by them. Their possession won't make life dull or boring. On the contrary, you will feel more powerful, in charge of yourself and your surroundings, happy and satisfied.
So My idea of Will Power and Discipline are that, will power could be a one time event or action. Then if you continue to use will power to basiclly force yourself to do what is in your best interest anyway then it will develop into disicpline. Which to me would be the skill of continually acting in your best interest . Not just one time you did the right thing but doing the right thing as a new formed habbit.
So how can we learn what so many feel is a genetic trait and not a learnable skill.
Next Post..
Good Trading To All ; Ken Lee