The Role Of Discipline vs Strategy:

[hd49728]

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.

Discipline starts with knowing importance of learning and knowledge, so a person must do learning first for getting knowledge, know about trading strategies and figure out which strategies are good to use, then it's time for organize finance in order to get part of it for trading capital. The remaining things are be disciplined with chosen trading strategies, but with whatever strategies, must use stop loss or stop limit order. Using these orders are helpful for protecting trading capital so it is part of trader discipline.

If a trader starts without learning and knowledge, or does not use stop loss or stop limit order, it's arbitrary risky trading practice without good discipline.

[Lannakosa]

Discipline starts with knowing importance of learning and knowledge, so a person must do learning first for getting knowledge, know about trading strategies and figure out which strategies are good to use, then it's time for organize finance in order to get part of it for trading capital. The remaining things are be disciplined with chosen trading strategies, but with whatever strategies, must use stop loss or stop limit order. Using these orders are helpful for protecting trading capital so it is part of trader discipline.

If a trader starts without learning and knowledge, or does not use stop loss or stop limit order, it's arbitrary risky trading practice without good discipline.

Discipline is not only about learning, it is also about your daily routine. You can't be disciplined one day and lazy the next. It has to be reflected in your lifestyle, and the same should be reflected in your finances and habits. If you are that kind of person, then I think you also have a chance to be successful in trading. But success in trading is also a relative concept. Some traders can trade and make a profit, but that profit will not be significant, it will most likely be comparable to additional income. To make trading your main source of earnings, you need something much greater. You will most likely have to dedicate your life to it.

[Johnlomape]

Discipline starts with knowing importance of learning and knowledge, so a person must do learning first for getting knowledge, know about trading strategies and figure out which strategies are good to use, then it's time for organize finance in order to get part of it for trading capital. The remaining things are be disciplined with chosen trading strategies, but with whatever strategies, must use stop loss or stop limit order. Using these orders are helpful for protecting trading capital so it is part of trader discipline.

If a trader starts without learning and knowledge, or does not use stop loss or stop limit order, it's arbitrary risky trading practice without good discipline.

Discipline is not only about learning, it is also about your daily routine. You can't be disciplined one day and lazy the next. It has to be reflected in your lifestyle, and the same should be reflected in your finances and habits. If you are that kind of person, then I think you also have a chance to be successful in trading. But success in trading is also a relative concept. Some traders can trade and make a profit, but that profit will not be significant, it will most likely be comparable to additional income. To make trading your main source of earnings, you need something much greater. You will most likely have to dedicate your life to it.

Being disciplined consistently can be a severe problem for someone to try and handle because that lazy spirit will always knock at the door waiting for you to open as soon as possible. I don't really know how most traders usually feels when they are not getting it right and who they do put the blame on whether on their strategy or their inability to stick to their discipline mood. If you have a strategy and you are not disciplined, no matter how profitable the strategy can be, you might not be making profits from it due to your indiscipline lifestyle that may have halt your ability to make money.

[hd49728]

Discipline is not only about learning, it is also about your daily routine. You can't be disciplined one day and lazy the next. It has to be reflected in your lifestyle, and the same should be reflected in your finances and habits. If you are that kind of person, then I think you also have a chance to be successful in trading. But success in trading is also a relative concept. Some traders can trade and make a profit, but that profit will not be significant, it will most likely be comparable to additional income. To make trading your main source of earnings, you need something much greater. You will most likely have to dedicate your life to it.

Everything needs to be kicked off with learning first. After you already learned and got basic knowledge, you can start your experience with either a demo account or an account with own actual money for applying and practicing what you learned. It will requires you testing your knowledge while through practice, you must protect your original money too, therefore in this stage discipline plays very important role for safety of your fund and also opportunity to succeed and get profit with either trading or investment.

Being disciplined consistently can be a severe problem for someone to try and handle because that lazy spirit will always knock at the door waiting for you to open as soon as possible. I don't really know how most traders usually feels when they are not getting it right and who they do put the blame on whether on their strategy or their inability to stick to their discipline mood. If you have a strategy and you are not disciplined, no matter how profitable the strategy can be, you might not be making profits from it due to your indiscipline lifestyle that may have halt your ability to make money.

Knowing about different strategies and be able to choose good ones for your practice are very important. It's very first important steps and foundation for your success while maintain your discipline along the way is key to succeed. If you chose a good strategy, that in theory can work very best for you, but in your practice with time, you can not follow your plan and can not act disciplinedly with your money in the market, you will become one of losers in this challenging market. It's not because you are unknowledgeable but by your undisciplined and uncontrolled practice.

[Jatiluhung]

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.

Exactly, my friend. This is where discipline becomes important for a trader after they have completed their analysis and made careful plans.

And actually, we can continue this discussion on the main reasons why traders find it difficult to be disciplined and what they need to do to become disciplined. And actually, we can also learn all of this from emotional management itself. Because by understanding our emotions and managing them, we can better understand when we become too greedy and when we become too fearful. So I think everything is important and cannot be separated. First, thorough analysis and planning. Second, mature risk management and emotional management so that we can grow into disciplined traders in executing our trading plans.

[maknyos]

Discipline starts with knowing importance of learning and knowledge, so a person must do learning first for getting knowledge, know about trading strategies and figure out which strategies are good to use, then it's time for organize finance in order to get part of it for trading capital. The remaining things are be disciplined with chosen trading strategies, but with whatever strategies, must use stop loss or stop limit order. Using these orders are helpful for protecting trading capital so it is part of trader discipline.

If a trader starts without learning and knowledge, or does not use stop loss or stop limit order, it's arbitrary risky trading practice without good discipline.

Discipline is not only about learning, it is also about your daily routine. You can't be disciplined one day and lazy the next. It has to be reflected in your lifestyle, and the same should be reflected in your finances and habits. If you are that kind of person, then I think you also have a chance to be successful in trading. But success in trading is also a relative concept. Some traders can trade and make a profit, but that profit will not be significant, it will most likely be comparable to additional income. To make trading your main source of earnings, you need something much greater. You will most likely have to dedicate your life to it.

In any case we must apply discipline, but discipline is a word that is easy to say but difficult to do. It requires a very deep commitment with ourselves, because actually our biggest enemy is ourselves.
In trading, discipline is something that will greatly affect our trading journey. When we are disciplined then it opens up our opportunities to be successful in trading, on the contrary, when we ignore it then most likely we will become a failed trader.
Discipline involves everything, in other words, everything requires discipline in order to achieve the maximum.

[cryptoaddictchie]

Discipline is what transforms a trading strategy into consistent profits, because emotional control, patience, and strict risk management are what keep traders following their rules during losses, wins, and uncertainty, while lack of discipline eventually destroys even the most advanced strategy.

[SquirrelJulietGarden]

Discipline is what transforms a trading strategy into consistent profits, because emotional control, patience, and strict risk management are what keep traders following their rules during losses, wins, and uncertainty, while lack of discipline eventually destroys even the most advanced strategy.

It must be a good trading strategy first, then if is used by a person with good discipline, it will be able to make good trading results with profit. The trading strategy itself is vital as a bad trading strategy can not help any traders to get profit in long term. In short term, profit might come but only as luckiness, nothing more and in long term, traders who use bad trading strategies even with good discipline, will lose money.

With traders, they must be knowledgeable about trading strategies particularly and the market generally, disciplined to apply good strategies for their own tradings.

[Findingnemo]

Trading is a combination of luck, skill, discipline, decision making ability and each one have their own way of doing trading. But what I would say is to keep it simple, don't complicate it too much with strategies, risk factors such as leveraging, going for the high risky unknown coins/tokens and trading too much when all they are doing is to losing their capital in the process or they make little progress and slid way further down and make little progress again and keep repeating.

[jostorres]

Discipline is what transforms a trading strategy into consistent profits, because emotional control, patience, and strict risk management are what keep traders following their rules during losses, wins, and uncertainty, while lack of discipline eventually destroys even the most advanced strategy.

I think discipline is still part of a strategy, so it should be the opposite that must be said here buddy, and it should go like this: 'Trading strategy is what transforms a discipline into profits'. I won't say consistent profits first or at all times because this can only or also depend on the consistency of the trader or on how aggressive their trading strategy was. But anyways, a profit is still a profit. Doesn't matter if it is small or big, or how fast or slow we get them. And it is better than just simply losing and be down at most times.

[tbct_mt2]

I think discipline is still part of a strategy, so it should be the opposite that must be said here buddy, and it should go like this: 'Trading strategy is what transforms a discipline into profits'. I won't say consistent profits first or at all times because this can only or also depend on the consistency of the trader or on how aggressive their trading strategy was. But anyways, a profit is still a profit. Doesn't matter if it is small or big, or how fast or slow we get them. And it is better than just simply losing and be down at most times.

A strategy is something for quite long term, as it is not accurate to talk about strategy only within very short time like few minutes or hours. To apply a strategy well, in a long term or at least mid term, discipline is very important and you can not maintain what you do with a chosen strategy if you don't have good discipline for what you're doing.

Results can be different, as be disciplined with a good strategy can bring profit while oppositely be disciplined with a bad strategy and worse with a bad cryptocurrency, can lead to severe loss. As you can apply DCA for Bitcoin and get very good profit while in a same period if you apply DCA for a useless meme coin, you will have loss.

[Wakate]

Trading is a combination of luck, skill, discipline, decision making ability and each one have their own way of doing trading. But what I would say is to keep it simple, don't complicate it too much with strategies, risk factors such as leveraging, going for the high risky unknown coins/tokens and trading too much when all they are doing is to losing their capital in the process or they make little progress and slid way further down and make little progress again and keep repeating.

There nothing like lucky in trading, people that are making money from trading are not doing that due to luck. Luck does not work in trading but only in gambling and since we have so many gamblers trading in the market, they may think that trading is another form of gambling which is not. Skill is what can make a trader to be profitable and just luck.

[Promocodeudo]

There nothing like lucky in trading, people that are making money from trading are not doing that due to luck. Luck does not work in trading but only in gambling and since we have so many gamblers trading in the market, they may think that trading is another form of gambling which is not. Skill is what can make a trader to be profitable and just luck.

If I should understand you very well, you mean trading is just about skills which begats skillw, it means trading is times consuming, and if anyone is want to go into trading, you don't have to just say I want to trade and start immediately, you'll ne needing much time to learn very wel get some skills before you can start.
Let me ask you this question, does skills and strategy guarantee some being successful in trading, does it mean that traders that  have got good skills as they make us to believe, don't lose in trading again?, I will love it if you lay more detailed emphasis on this, if you can.

[bitgolden]

Trading is a combination of luck, skill, discipline, decision making ability and each one have their own way of doing trading. But what I would say is to keep it simple, don't complicate it too much with strategies, risk factors such as leveraging, going for the high risky unknown coins/tokens and trading too much when all they are doing is to losing their capital in the process or they make little progress and slid way further down and make little progress again and keep repeating.

I think there are still more positive traits than what you have listed there if we will list them all. No wonder why only two are the common that are always mentioned and that are luck and skill because these two are like general words already, especially the skill one. Not all people or traders are the same but some are naturally born to have a higher risk appetite, so they go for more. That is only fine though as long as it is also working well for them.

[bangjoe]

Trading is a combination of luck, skill, discipline, decision making ability and each one have their own way of doing trading. But what I would say is to keep it simple, don't complicate it too much with strategies, risk factors such as leveraging, going for the high risky unknown coins/tokens and trading too much when all they are doing is to losing their capital in the process or they make little progress and slid way further down and make little progress again and keep repeating.

An additional point is don't force yourself to trade if you don't really see the opportunity, most traders are too focused on trading, when they open the monitor and look at the price chart it's as if they have to trade that day, not a good and smart trading mechanism is not like that, they only enter when the opportunity can be clearly confirmed with 70% support, starting from trends, news and patterns that we see in the market, I think there are quite a few traders who are fomo on a chart that is rising quickly.

When setting the strategy, it must be clear because that is the guideline that we will use and form a discipline in the trading plan that we will use in the long term.

[M47AK16]

Trading is a combination of luck, skill, discipline, decision making ability and each one have their own way of doing trading. But what I would say is to keep it simple, don't complicate it too much with strategies, risk factors such as leveraging, going for the high risky unknown coins/tokens and trading too much when all they are doing is to losing their capital in the process or they make little progress and slid way further down and make little progress again and keep repeating.

I think there are still more positive traits than what you have listed there if we will list them all. No wonder why only two are the common that are always mentioned and that are luck and skill because these two are like general words already, especially the skill one. Not all people or traders are the same but some are naturally born to have a higher risk appetite, so they go for more. That is only fine though as long as it is also working well for them.

That is true, some people are born with better mathematical understanding than others, that is not something we can deny and you have seen it growing up as well. Reality is that we are seeing how things could change with time and how you could have a very different way of approaching trading.

If you are great at mathematics, like since school, and grew up like that, then you are going to understand it easier, or if you studied something related in college for example, but if you did not and you are some social issues type of graduate then how could you be the same in the same amount of time just because you study. That person will easily be better trader than you at the same time frame and it's not something you can change.

[Mame89]

Discipline and strategy are inseparable in trading as both are key to achieving success especially for your future trading journey.

We know that in trading strategy provides direction helping you know when to enter and exit the market. Without a clear strategy decision making often leads to emotional decisions. Discipline can be defined as how you can consistently execute that strategy.

Therefore strategy and discipline are inseparable as they are interconnected in your trading activities. Strategy is useful for what you plan to do in trading, and discipline is useful for how you consistently execute it. If you don't implement either of these strategies in your trading, your trading will be ineffective.

[batang_bitcoin]

We know that in trading strategy provides direction helping you know when to enter and exit the market. Without a clear strategy decision making often leads to emotional decisions. Discipline can be defined as how you can consistently execute that strategy.

A trader struggles of when to take profits, they're having emotional decisions and breakdown at that time. It has to be clear of when they have to do exits and taking profits and when they have to give it up when a trade doesn't have hope. There are moments that it's no longer about the strategy that has been made but about on how things should be decided to either avoid further losses or at least make an acceptable profit.

[Dickiy]

We know that in trading strategy provides direction helping you know when to enter and exit the market. Without a clear strategy decision making often leads to emotional decisions. Discipline can be defined as how you can consistently execute that strategy.

A trader struggles of when to take profits, they're having emotional decisions and breakdown at that time. It has to be clear of when they have to do exits and taking profits and when they have to give it up when a trade doesn't have hope. There are moments that it's no longer about the strategy that has been made but about on how things should be decided to either avoid further losses or at least make an acceptable profit.

This is the reason why the trading plan is very important, as you said it is true that this is more than just a strategy, planning is also very important because that is what will set us up about when is the right time to start and stop, and in the matter of profit I think you are familiar with the term Take profit or TP, by applying TP then a trader no longer has to feel confused about when they have to stop and when experiencing a loss is also the same they can apply SL and stop when the price has touched the SL line that they put.

[batang_bitcoin]

We know that in trading strategy provides direction helping you know when to enter and exit the market. Without a clear strategy decision making often leads to emotional decisions. Discipline can be defined as how you can consistently execute that strategy.

A trader struggles of when to take profits, they're having emotional decisions and breakdown at that time. It has to be clear of when they have to do exits and taking profits and when they have to give it up when a trade doesn't have hope. There are moments that it's no longer about the strategy that has been made but about on how things should be decided to either avoid further losses or at least make an acceptable profit.

This is the reason why the trading plan is very important, as you said it is true that this is more than just a strategy, planning is also very important because that is what will set us up about when is the right time to start and stop, and in the matter of profit I think you are familiar with the term Take profit or TP, by applying TP then a trader no longer has to feel confused about when they have to stop and when experiencing a loss is also the same they can apply SL and stop when the price has touched the SL line that they put.

That is the discipline, going with the profits and taking it also takes nerve for a trader to do it. Because once they have been fed by their own greed, they're not going to take those profits even if they've made 100% already. It's true because what their motivation is to make profit isn't even followed. So, the discipline is gone by the time that have made profits but they think is not enough. It has to complement each other by being disciplined and good in strategizing.