-
The Ten Disciplines of a Winning Trader
dis·ci·pline : a way of behaving that shows a willingness to obey rules or orders Discipline is a key element of successful trading, nothing works in trading without the ability to stay focused and take the right action at the right time. We must take our entries when we get the signal. We must exit when our stop loss is hit. We have to manage our position sizing at all times and not get too big in a trade. If our trailing stop is hit we have to take it. If we get out of a trade and a new signal is hit we have to get back into it. We have to follow our trading plan and not get swept away by our emotions. We have to ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Nov 20, 2013 2:41am Nov 20, 2013 2:41am
- Guest
- | IP XX.XXX.73.124
- Comment #2
- Quote
- Nov 20, 2013 2:55am Nov 20, 2013 2:55am
- guwa
- | Joined Aug 2013 | Status: Junior Member | 5 Comments
- Comment #3
- Quote
- Nov 20, 2013 3:11am Nov 20, 2013 3:11am
- ypmane
- | Joined Jan 2013 | Status: Member | 1 Comment
- Comment #4
- Quote
- Nov 20, 2013 3:34am Nov 20, 2013 3:34am
- Guest
- | IP XX.XX.199.131
- Comment #5
- Quote
- Nov 20, 2013 3:54am Nov 20, 2013 3:54am
- frx_trader
- | Joined Jun 2012 | Status: Analyst | 3129 Comments
- Comment #6
- Quote
- Nov 20, 2013 10:54am Nov 20, 2013 10:54am
- surewin
- | Joined Nov 2009 | Status: "Freedom comes with a price..." | 22 Comments