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Showing posts from May, 2014

How to Become a More Disciplined Trader

Becoming a more disciplined trader is very important to trading success. Successful trading is all about controlling your emotions while trading. While this is much harder done than said, it is possible if you follow a disciplined routine. One key to a consistent routine is for it to be practical because if it’s not, you will have a difficult time following through. A disciplined routine consists of the good answers to the following questions: -   What do you trade? -   When do you trade? -   Where do you trade? -   How do you trade or what rules do you use to trade? If you can answer these questions with specifics and then you can continue to follow the answers you have, you will become a more disciplined trader. What You Trade There are so many markets that you can trade, such as stocks, futures, forex, options, etc. I have found that it is better to concentrate on one or two markets and become very good at those, as opposed to trading several markets at the same