Tuesday, May 24

Ways to Improve Discipline in Trading

Its an well known fact 90% of traders lose money and one of the reason for Losing is not having discipline in their trading. Many trader will say only people having insider Info,knowing a holy grail trading system,FII etc can make money. The fact is anyone can make money if he follows his trading plan with discipline. The truth is, self-discipline is a learned skill, not an innate characteristic.

Only way to improve your self-discipline is through dedicated practice.Any Change is difficult and it takes time but with dedication and persistence it can be achieved and you can see dramatic improvement in your trading.
How to  increase your Trading discipline:
Know Your Weaknesses If you know neither the enemy nor yourself, you will succumb in every battle. This is the problem with most of the traders
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