How be a disciplined trader

[I_Anime]

The reason why many have not been profitable yet despite having a nice strategy is because they are not disciplined,  well I hope this post will help change some trader mindset positively and improve their trading plan.

Becoming a disciplined trader is less about finding the perfect strategy and more about consistently managing yourself. Below are some frame work you can follow to be a disciplined trader.

•Build  a Solid Trading Plan: this is where strategy coming , develop a good strategy that will help with your entry and exit  criteria.  Make sure your confluences are complete before taken any trade , is not necessary you have to force your way to trade cause is better not to trade at all than to lose.

• Use Strict Risk Management: Many are just in hurry to make millions , which is bad cause it will only lead to poor risk management, so make sure you change such mindset and focus securing a proper risk management. That will help reduce your losses especially as newbie (priorities strict risk management).

• Make Routine Your Superpower: professional always follow routines , pre-market preparation. Make sure to check the market conditions like news and biases .

• Use a Trading Journal : To be updated with your trading performance so far , like your wins, losses and stuff .

• Remove Emotion From the Equation: We all are familiar with this one, remove emotions from the equation though won’t be easy course we are emotional beings .

• Reduce Screen Time & Overtrading : you all already know what this usually lead to , most time over trading doesn’t ends well and we all know that  , one way or the other , either from others experience or ours .

[Asiska02]

Good points out together to help a trader remain motivated and profitable in the trading market. One thing I would like to add to your points is for traders to only use an amount they can afford to lose in trading, if they put too much of money into trading that you can’t afford to lose, your emotions will take the bigger part of you and allow you to make decisions that will disrupt your trading plan.

For most traders that are yet to be profitable, it is not like they don’t have the knowledge or know how to trade, they just lack knowing how to control their emotions which contains about 90% of you as a trader. So discipline yourself to allow trading very simplified in a way that you don’t allow your emotions to toggle into your opinion and the clearer viewpoint of the market trend. Emotions are mostly driven by risking too much of what you can afford to lose, so avoid using what you can’t afford to lose as a trader.

[Karl_3000]

The first step you supposed to make to become a good trading is that you should do trading like something that is very risky, you can save up $10 weekly for 10 weeks, making $100 that you will use to trade.

Do not use the money that you are saving to trading, know that you should be investing , do not let trading affect your investments.

After that you can have a good trading plan, excellent risk management plan, not being greedy and be patient which are very important in trading.

If you continue to fail in trading, it is better you stop trading and look for some something else to do.

I like to trade but after I lost money for some months, I stop trading because I know it can be what will destroy my life.

[TLoyal]

Set a realistic goal's: this is very important because control your investment and make it moderate

Be focus: know what you want in the investment and pursue it with care.

Don't entertain fear: certainly fluctuation in the market is bond to happen, you maybe be afraid, that can lead to emotional feelings results to selling your assets.

Don't compare your self with others: be a unique work with what you have, you may want to do it the way others did there's, which may not work for you. Always be your self, follow your intuition.

Study the market flow chart: make sure you have up to date information, know  what is going on in the market.

Don't be greedy: invest only what you can bear to loss at anytime.

[I_Anime]

The first step you supposed to make to become a good trading is that you should do trading like something that is very risky, you can save up $10 weekly for 10 weeks, making $100 that you will use to trade.

Do not use the money that you are saving to trading, know that you should be investing , do not let trading affect your investments.

After that you can have a good trading plan, excellent risk management plan, not being greedy and be patient which are very important in trading.

If you continue to fail in trading, it is better you stop trading and look for some something else to do.

I like to trade but after I lost money for some months, I stop trading because I know it can be what will destroy my life.

Another thing again don’t get too attached to demo account . Will only give you the wrong mindset about trading , and yes don’t let your trading live affect your normal daily lives and your investment. So you just have to learn how to balance things and by the way trading not for everyone . And make sure you have gone far with your strategy before going with real funds .

[yixichloro2xx]

These trade have urge to get quick profit that why they rush things without proper understanding and knowledge that is why they struggle alot.  like the frame work you listed it will be beneficial of these traders can adhere to it, they will get a better results than grows over time. If you are a trader must have patience, emotional control, clear mindset and so many more from you to be profitable.

[Versatile_choice]

I would say that the informations you provide here is indeed a nice one, and I noticed that most of this people that proclaims to be a trader does not even have the qualifications, as a trader your level of discipline matters alot because it's a very risky game so therefore we need a high level of discipline so as to avoid panic or even do something we don't intend doing due to pressure.

Because trading is just like gambling that you have to decide either you cash out or you hold on to it till the end and then you're ready to face whatever outcome you get without regret, and if you're not discipline enough you may likely regret it when the end didn't work out for you. so in every risky game we ought to be very discipline to enable us stick to our decision without regret.

[Josefjix]

These trade have urge to get quick profit that why they rush things without proper understanding and knowledge that is why they struggle alot.  like the frame work you listed it will be beneficial of these traders can adhere to it, they will get a better results than grows over time. If you are a trader must have patience, emotional control, clear mindset and so many more from you to be profitable.

What I know for sure is that, all traders passes through that phase of rushing through the process before becoming the best of themselves, there wasn't a trader who jump to the top without learning through the process.

So I can't complain about a trader who try to skip the knowledge, if such trader has passion for it, the ability of learning from mistakes to better off is possible.

[Achalugo BTC]

These trade have urge to get quick profit that why they rush things without proper understanding and knowledge that is why they struggle alot.  like the frame work you listed it will be beneficial of these traders can adhere to it, they will get a better results than grows over time. If you are a trader must have patience, emotional control, clear mindset and so many more from you to be profitable.

You dey very correct, people no even know the importance of being patience plus having self control, especially being in charge of your emotions especially if when involve in making decisions that concern crypto or any other services because having all these attributes are game- changers for steady growth.
Na why, E good make person get knowledge and understanding of wetin dem dey do and stick to their plans, dem go see say them go find easy to navigate their ways through any challenges for crypto and support them in achieving their success.

[Barikui1]

Trading is more of an emotional game, so if you can control your emotions, just know that you are half way there, because having the required skill is one thing and sticking to it is another thing, that's why you don't have to dance to the tune of your emotions if you want to stand a chance and be successful while trading.

Additionally, to build discipline, taking only the best available trading set up is the way forward, because few quality trades are way more better than so many useless trading set up that will likely not ends well, so it's better to take only one trade that you are 100% sure off than to take series of nonsense trades that will result in you losing money.

[Plutomanian]

Thank you for the post and this is actually good for those that choose to trade and I have also tried watching several YouTube videos over the time about trading and in recent times, it seems I have been seeing more videos about expertoption broker which I checked them out and at some point, I also felt the site works more like a gambling visual sites where I think people do more of guess work than real time analysis.

[JimaGod]

To the best of my knowledge, trading is a very risky business, no matter how accurate and consistent you might be, there must still be losses but what differentiates a good trader and a bad one is the winning to losses ratio.
I agree with the writer of this post and I must commend that you did a great work with your post and risk management is one thing I do believe should be spoken more about because a lot of people don’t take risk management serious for several reasons whatsoever ever, but there is one thing I also believe that I rather loss some money by using stop loss than watching myself get liquidated because I think the market will bounce back to my favour.

People should not trade with emotions or marry a trade and this means that, we should always prioritize risk management and always prefer to start anew trade than loss out on all their money.

[Sally9256]

You have outlined good points to become a disciplined trader and your are right being disciplined is not about going by books and getting a more suitable strategy only it's also about working on yourself because in the end the battle is with your mind. If you can't control your mind being disciplined will be difficult no matter how well you strategize. The points you made will help build a strong mind though.

[Grace333]

I nor go lie for you, being a disciplined trader is more about controlling your emotions.. Greed, fear, and impatience will ruin even the best plans you have.
Stick to your strategy, do not let a losing trade make you reckless, and do not let a winning streak make you overconfident. Keep your feelings in check, and discipline will follow.