The Role Of Discipline vs Strategy:

[passwordnow]

I think this is a good post pointing out what makes a good trader.

Conclusion:

It’s totally okay if you don't have the “perfect” strategy, you don't have to incorporate 50 indicators, you don't have to utilize any secret strategies.

You just need to maintain:

.Consistency
.Patience
.Emotional control
.Risk management
. A capacity for not breaking the boundaries you have already set for yourself.

And this is the big difference between gamblers and traders. At the end of the day, the market doesn’t reward the most intelligent trader...It rewards the most disciplined.

I agree. Someone think that they need to be a perfect trader in order for them to make money. But that's not the whole point of being a profitable trader. You don't need thousands of strategies or as many as you can but you just need one or few working strategies and being consistent with it while being disciplined.

[Koadharber]

One thing you have to understand is that you cannot differentiate discipline and strategy when it comes to trading because whichever strategy you are using you need to be well discipline in order to follow that strategy the way it should be followed so discipline is very important in every strategy you are using as a trader or bitcoin investor, you need discipline in every strategy you use so it works hand in hand, one thing I want everyone to understand when it comes to trading you need to be very discipline there are some strategy that some people are using and they are losing money the reason why they are using money is not because the strategy is not a good strategy or the strategy is not working it's because they are not following the strategy very well and the reason for this is because they are not well disciplined.

That's right, my friend. Sometimes, most traders who experience losses in the market do not do so because they made mistakes in their strategies or because of their analysis. However, they are usually just not disciplined. That is, they do not even adhere to the strategies or trading plans that they themselves have created. Sometimes, when they initially target a 10% profit, they rush to sell when the price has only risen by 1%. And there are also times when they initially plan to take profits when they have earned a 5% profit, but because they are undisciplined and prioritize greed, they sometimes don't take those profits and hope that the price will rise higher and they will earn even higher profits. As a result, the price ends up falling, and the 5% profit is lost. Because sometimes, undisciplined people will hope that after a decline, everything will rise again. And they start promising themselves that they will take the profits when they come. But the market doesn't move according to what we expect. It is we who must follow the trends in the market.

Discipline and strategy in trading cannot be separated because a strategy without discipline is just words on paper. you can have the best plan in the world but if you do not follow it exactly how it was designed it becomes useless. many traders think they lost money because the strategy failed but in reality they failed to stick to the rules. discipline is the engine that makes any strategy move. without it every plan breaks apart. Most traders lose not because their analysis was wrong but because they did not follow their own rules. they say they want 10% profit but when the price rises 1% they panic and sell early. they say they will take profit at 5% but when it comes they hold on because greed enters and tells them to wait for more. then the price drops and the opportunity disappears. undisciplined traders always believe the market will return to their target but the market does not obey anyone.

Hope is the biggest enemy in trading because it replaces logic with emotion. people keep promising themselves that they will do better next time but without discipline next time becomes the same story again. the market will not change for us we are the ones who must adjust to the market. discipline is the only thing that separates a trader who survives from a trader who keeps losing.

[Bushdark]

You can still lose money when you are trading without being disciplined. Discipline is very essential for all traders so that they can trade according to their signal without trying to rush and enter the market when they have not gotten a strong signal that will lead to profit.
Strategy will work and give you a result but you can not depend on that to become profitable. A non disciple trader will always make mistakes when trading that can cause them so much pains and financial loses.

[Webetcoins]

Both are required, there is no reason to make them separate things. If you have a strategy but no discipline then you are changing your strategy and not using it properly, if you have discipline but no strategy then your discipline is not directed at anything good. There is really no reason to make it change anything at all, we have to realize that. We need both of these and both of them are quite important right now. We need to make sure that both of them are what we need to make more money.

[LastKiss]

Consistency, patience, emotional control, and proper risk management are some of the hardest skills to maintain in trading not because they’re complicated, but because they can’t be learned from others the same way strategies can. These skills come from personal experience and self-discipline. It’s easy for your patience to be tested when you constantly see others posting impressive PnL screenshots. You start questioning yourself, wondering why you’re not achieving the same results, and that pressure often leads to impulsive trades instead of following your plan.

Watching your unrealized PnL turn red can be emotionally draining. When panic hits, many traders rush to cut losses not because their strategy failed, but because they lacked proper risk management from the beginning. This is why you should never trade with money you can’t afford to lose. Even with discipline and a solid strategy, unlucky market conditions can push you into desperation if your capital is overexposed

[EarnOnVictor]

Nothing can singlehandedly make a trader be termed good trader. His collective ways of handling the market speaks volume about what he really is. However, majorly, three factors should be considered here, which are;
1. Strategy
2. Management, and
3. Psychology.

It's under psychology that the discipline you mentioned comes from, and even if you are a good trader, with the best discipline, if you are lacking in the proper management, you will still fail. This is because all the required factors are not met. Mind you, all are equally important.

[Nightwalker(NW)]

Yes Discipline is the backbone of successful trading,it doesn't guarantee success everytime,but it protects you from unnecessary losses and emotional mistakes.Without discipline in trading you can easily fall out.In trading, skill is important,but discipline is everything. Many traders know strategies and understands market patterns,yet still lose money.No discipline,no control;where's there's no control,success becomes hard.

Again to be successful with trading it is bad trading against the market trend, rather is good to trade with the trend as it would help the trader to reduce the rate at which he would lose while trading. But in all, they have to be disciplined and minding how they rush every single trade without carefully studying the market well, as a trader deploying strategies that could help them trade on a positive site is always better but such trader must allocate time and sets limits for themselves while trading in order to become an effective traders.

[GreatArkansas]

Consistency, patience, emotional control, and proper risk management are some of the hardest skills to maintain in trading not because they’re complicated, but because they can’t be learned from others the same way strategies can. These skills come from personal experience and self-discipline. It’s easy for your patience to be tested when you constantly see others posting impressive PnL screenshots. You start questioning yourself, wondering why you’re not achieving the same results, and that pressure often leads to impulsive trades instead of following your plan.

Watching your unrealized PnL turn red can be emotionally draining. When panic hits, many traders rush to cut losses not because their strategy failed, but because they lacked proper risk management from the beginning. This is why you should never trade with money you can’t afford to lose. Even with discipline and a solid strategy, unlucky market conditions can push you into desperation if your capital is overexposed

Both mentioned by OP are still really needed, I agree with OP and with you too about "consistency". Because this is what mistake I made before when I was starting, and this is also a common problem for people who are still starting or are just starting, like after a few trades, they tend to stop. They don't have consistency.
Discipline and strategy are the best combination, discipline will help you to preserve your capital and profits, strategy will help you to become profitable trader.

[SquirrelJulietGarden]

Both mentioned by OP are still really needed, I agree with OP and with you too about "consistency". Because this is what mistake I made before when I was starting, and this is also a common problem for people who are still starting or are just starting, like after a few trades, they tend to stop. They don't have consistency.
Discipline and strategy are the best combination, discipline will help you to preserve your capital and profits, strategy will help you to become profitable trader.

If you can trade well, get profit, you can continue trading comfortably while with most traders, they get loss from trading so if they continue their trading activities, they will have more loss and lose more money. With bad traders, it's better if they know when to stop trading or completely forget about trading and have cooling time to realize that they are actually bad traders, then choose something else to do like long-term investment.

Discipline is good for traders who succeed with trading with with losers in the market, they can apply discipline wrongly. Rather than cutting loss and exit the market, they discipline by holding their bad trading positions and get bigger loss with time.

Traders must start with knowledge, and then their discipline while applying a good trading strategy can help them getting profit and cutting loss determinantly to save their capital.

[nara1892]

Nothing can singlehandedly make a trader be termed good trader. His collective ways of handling the market speaks volume about what he really is. However, majorly, three factors should be considered here, which are;
1. Strategy
2. Management, and
3. Psychology.

It's under psychology that the discipline you mentioned comes from, and even if you are a good trader, with the best discipline, if you are lacking in the proper management, you will still fail. This is because all the required factors are not met. Mind you, all are equally important.

Exactly, you're right in everything you said above. I've had the same thoughts as you for a long time, especially from my own experience, that in trading, everything must be balanced, from strategy, money management, and mental and psychological management.

For example, even if we have a good strategy and are highly accurate in predicting price direction, if we don't have proper mental and psychological management, it's very easy for us to become emotional and ultimately go bankrupt. Or, if we have poor money management, everything will fall apart. So, as you said, everything is equally important and must be maintained in balance.

[Hamza2424]

And this is the big difference between gamblers and traders. At the end of the day, the market doesn’t reward the most intelligent trader...It rewards the most disciplined.

A good comparison between strategy and discipline because they are so interlinked and can't be linked in any other better way.

I agree with you bro as if we won't be discipline about out strategy we can't make good profit if we have a strategy like if we have a bus to go somewhere and that bus is following a schedule we also have to follow that schedule otherwise the bus don't care about us and it will leave us behind same way the market is like a bus and it follows a route a strategy with a schedule with discipline to give max performance.

We have to keep up with its pace otherwise missing stops and regretting later is all we could do.

[Gozie51]

Discipline: The Last Thing Anyone Wants to Talk About:

Discipline is what you practice outside the charts:
.Keeping your stop-loss
.Never follow the market once you have entered the losing direction.
.Avoiding your leverage increase just because of excitement
.Cease your trades whenever you become drained, frustrated and desperate
.Accepting the losses instead of hoping that they recover
.Exiting the trade when greed is telling you "just a little more"

Discipline is the truth most of the traders ignore:

Discipline is what protects your account
Strategy only guides it

.A trader that has simple strategies and Strong discipline can grow
.A trader that has no discipline but is more advanced with a strategy eventually blow the account anyway.

Why Discipline Is More Important Than The Strategy:

.Trading and emotions are synonymous
.The market does not move the way you intend for it to move
.There will be losses, and they will be more than one loss in succession

Discipline is the only thing that keeps you from doubling the position, trying to recover the losses, abandoning your own set of rules, and most importantly trading with emotion instead of a logical thought process. If you cannot control your emotions, then your account is in the markets control

These points are very vital to be a good trader. In fact you don't have a strategy if you don't have discipline because it is discipline that will make you have a little more patience to wait for the close of a particular candle on the hour for you to determine whether or not to take a trade order. Lack of discipline will create a kind of anxiety on you when you see the movement of a candle and you want to rush in thinking the market is already heading out of your direction and for FOMO, you jump in when you lack that discipline to wait for your strategy to confirm your trade.

Discipline is really the problem faced by a new traders. They tell themselves not to repeat the same mistake but they go over it again and again. It is indiscipline that makes such newbie trader to chase market. So I agree with your ideas on discipline because it helps your strategy to be accurate most of the time if you wait to take decision at the appropriate time.

[boyptc]

You can still lose money when you are trading without being disciplined. Discipline is very essential for all traders so that they can trade according to their signal without trying to rush and enter the market when they have not gotten a strong signal that will lead to profit.
Strategy will work and give you a result but you can not depend on that to become profitable. A non disciple trader will always make mistakes when trading that can cause them so much pains and financial loses.

You're increasing the chance to be more profitable when you've got the discipline. Let's say someone is a very profitable trader but they are not disciplined at all.

They're only going to waste the profits that they've made easily and so, if a trader isn't disciplined especially on how they manage their finances and the profits they've made.

It's non sense that they are profitable and yet, they can't prolong the profit that they've made and spend it for something else better.

[Zigabel]

Both discipline and strategy are necessary, but discipline is more important

A weak strategy and strong discipline is manageable, but a brilliant strategy and weak discipline is a guaranteed disaster. Over time, your discipline acts like a life preserver but your strategy breaks down the route to success.

A good number of persons underestimate how much of help a strong discipline can be to you as a trader and even in your live generally. Discipline helps you a whole lot, there's actually no consistent profitability trading if you are not discipline, you will make profits but it will feel more like a luck based kind of luck and not the actual result of your skill and hard work as the case may be. Discipline is even needed for you to be able to properly execute the strategy, without it, your strategy will not be functional, you even need it to manage your emotions and to determine how well you are going to last in the market.

For me i do say go build discipline first because it is al that is needed to trade, even patience, risk management and strategy, they all have a lot to do with you been disciplined enough to get them effective enough to yield results that will make your trading journey worth the while. staying profitable in trading indeed goes beyond just strategy.

[gunhell16]

You can still lose money when you are trading without being disciplined. Discipline is very essential for all traders so that they can trade according to their signal without trying to rush and enter the market when they have not gotten a strong signal that will lead to profit.
Strategy will work and give you a result but you can not depend on that to become profitable. A non disciple trader will always make mistakes when trading that can cause them so much pains and financial loses.

You're increasing the chance to be more profitable when you've got the discipline. Let's say someone is a very profitable trader but they are not disciplined at all.

They're only going to waste the profits that they've made easily and so, if a trader isn't disciplined especially on how they manage their finances and the profits they've made.

It's non sense that they are profitable and yet, they can't prolong the profit that they've made and spend it for something else better.

Meaning, even if there are profitable traders, many of them don’t have discipline in managing the profits they’ve earned from their trading activities. It feels like their profits are just as meaningless as if they had never made them, because they lack the discipline to properly handle the money they’ve already gained.

My question is: are there really traders like this those who are obsessed with the profits they’ve already made, and who end up spending those profits rather than reinvesting them?
If someone makes a profit through trading, then spends it immediately, and later tries to trade again to make more profit, what kind of traders are they? Anyone? It seems like this type of trader has no discipline at all.

[bitgolden]

These points are very vital to be a good trader. In fact you don't have a strategy if you don't have discipline because it is discipline that will make you have a little more patience to wait for the close of a particular candle on the hour for you to determine whether or not to take a trade order. Lack of discipline will create a kind of anxiety on you when you see the movement of a candle and you want to rush in thinking the market is already heading out of your direction and for FOMO, you jump in when you lack that discipline to wait for your strategy to confirm your trade.

Discipline is really the problem faced by a new traders. They tell themselves not to repeat the same mistake but they go over it again and again. It is indiscipline that makes such newbie trader to chase market. So I agree with your ideas on discipline because it helps your strategy to be accurate most of the time if you wait to take decision at the appropriate time.

The more mistakes you do, the more you learn and the more you learn, the less mistakes you will do. Discipline is something else, it's about the hard work you put in day in and day out and keep being able to provide that every single day. A real trader would have a very boring life, you would do the same boring repetitive tasks over and over again until you can find a way to get in and make some profit and the trick is that if there isn't any good that fits your strategy then being ok with wasting that many hours and do a single trade, until you find one.

[Mpamaegbu]

Which One Actually Makes You A Good Trader?

What a detailed and elaborate writeup. However, I didn't see anywhere you referenced any material and I'm thinking if you wrote it all by yourself. That would be great if you did. If you didn't, and you took materials from elsewhere, it would be better you added your source(s) to avoid getting hit with accusation of plagiarism. I don't want to mention Ai, even. Both offences are punished with a ban.

[Itz-prisigold]

Which One Actually Makes You A Good Trader?

What a detailed and elaborate writeup. However, I didn't see anywhere you referenced any material and I'm thinking if you wrote it all by yourself. That would be great if you did. If you didn't, and you took materials from elsewhere, it would be better you added your source(s) to avoid getting hit with accusation of plagiarism. I don't want to mention Ai, even. Both offences are punished with a ban.

I appreciate your comments. But this is the trading journey people went through and based on trading experience I used that as an idea to write this post. So the post is more about the internal qualities of the trader and their discipline instead of the external things that require research.

Many traders already understand the principles I wrote about. So it is not surprising that it can feel a little familiar. Words like discipline, emotional control, the risk management and consistency are of course not ideas that come from one creator or one book. So  to clarify, I did write this myself and I did not copy it from any other source.

Thanks for the concern.

[tvplus006]

Discipline is the truth most of the traders ignore:
Discipline is what protects your account

You mistakenly think discipline is what risk management really is. To make it easier to understand, risk management is a set of rules to save a deposit, and discipline is your ability to force yourself to comply with these rules.

[Nightwalker(NW)]

Discipline is the truth most of the traders ignore:
Discipline is what protects your account

You mistakenly think discipline is what risk management really is. To make it easier to understand, risk management is a set of rules to save a deposit, and discipline is your ability to force yourself to comply with these rules.

In additions, discipline is like what gives you the ability to be able to stay within your control, it likes what makes you trades moderately and responsibly. Many people do not know where to place discipline as anyone who is discipline enough can remain on certain level without overly keep funding their account when they lose their entire balance. A trader could discipline himself not to fund about $200 and if he is that discipline enough he could multiple that money to either $300 and above while trading.