How to Learn Discipline


Active Member
Discipline will naturally develop as you grow. If you take trading seriously and with passion, the chances are that you will become disciplined. You can follow a routine and add a little more as that routine continues to be a part of your life. Doing too many things at once leads to failure. That is why focusing on a particular thing first is important to develop discipline. Start by learning first and then add other elements to that reading.
Absolutely, mesh-up many things at once, leads to failure.
A disciplined approach doesn’t only help you in following our trading plan but also tells you your weak points that you must work on. It helps you analyse your performance so that you can improve wherever required.
Ah, this is a case of less knowledge and more application. Go back to reading and brush up your skills. You just need to either take a break for a while or practice before you start trading again. It can turn into gambling if you’re not careful. Try to maintain the budget and do not invest the profit to earn more. To stay disciplined, follow a list of moves so you control and save at the same time.
Maintain a journal, review past mistakes, find a reason for improving your skills and increasing knowledge. Practice all you can on a demo. Learning takes time so give yourself a chance to get to know what works and doesn’t. I think what you need to focus on is building a strategy, following a plan and creating a budget. Map out a schedule and follow it strictly to maintain discipline. Above all, be patient if you want to achieve profit returns. Calculate a risk reward ratio to lower risk levels and make regular returns.
Actually being disciplined as a trader is quite simple. You just have to make a plan and stick to it. But most of us fail to do so as we engage in emotional trading. Just learn to manage your emotions and strictly follow your plan. That is the only way to become a disciplined trader.
Mechanical trading plans are the way forward for this. Treat it like a science experiment. How can you possibly have controls if you are changing many things at the same time. It is simply vital for useful results that you work in a methodical and structured manner else you are just winging it and that has never worked well for any traders long term.


Active Member
You can't learn discipline since there is nothing to learn. Discipline comes from ability to abstain from actions or activities that deliver short-term pleasure or satisfaction but hurt or distract from your long-term plans. Obviously the first step to become disciplined is set goals and work out a plan how you will pursue them.
It’s probably your day to day life that teaches you self-discipline. Simply analysing the market and deciding to follow it is not enough. You have to follow it and ensure that no distractions let you make changes in your plan.

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