The Role Of Discipline vs Strategy:

[Rengga Jati]

Specifically in crypto trading, discipline is indeed the key to trading success. Strategy is also one of the keys in trading, and it is very important for determining the direction of our trading, what strategy to choose, what decisions to make, and of course, everything that can determine its direction.

However, discipline plays a more vital role. This is because it involves several key points, as mentioned in this quote:

Disciplined traders stick to their rules, control risk, and stay consistent, even under pressure.

Discipline )

So, if compared, discipline does play a more vital role. However, strategy is also important in trading. Therefore, if possible, both must be optimized so that our trading can truly go according to plan, or at least produce more profits than losses.

[Dickiy]

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.

Everything will be destroyed if a trader still can't ignore the greed in him, no matter how good your planning and your strategy in the end it will be useless and what happens is they will still end the session with a loss, so this is the reason why greed and various other impulsive actions must be avoided, whether you want it or not.
I understand what you mean that often discipline is lost when a trader has made a profit, they become very greedy and actually it happens because their awareness begins to fade about the fact that the market is high risk, so awareness is also very important to maintain.

[blockman]

So, if compared, discipline does play a more vital role. However, strategy is also important in trading. Therefore, if possible, both must be optimized so that our trading can truly go according to plan, or at least produce more profits than losses.

I agree that discipline is more vital and can push you further if you have won your trades. While the strategies are there, what can make you far is on how you'd react after winning and that's where discipline gets in. If you're not a disciplined trader and just because you are so confident winning your trades, it's not always a good day not just in the market but also with your trades. And so with how you take things during your advantage matters a lot and will give you the path to where you should go and how to decide wisely as per results of your trades.

[programmer3666]

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.

Both Discipline & Strategy have their own distinct benefits but they work hand in hand because you need to have them both to succeed, what keeps your mind steadily in the game is discipline and strategy on the other hand is the mapped out plan you follow no matter what, so if for instance you only have a plan but no discipline to stick to it, then you will likely fail at the end of the day because you will just keep working without purposeful direction. So, as a trader who wish to last long in the market, you should know that the two complement each other. Strategy shows you where to go and discipline makes you stay consistent.

[puloweh555]

So, if compared, discipline does play a more vital role. However, strategy is also important in trading. Therefore, if possible, both must be optimized so that our trading can truly go according to plan, or at least produce more profits than losses.

I agree that discipline is more vital and can push you further if you have won your trades. While the strategies are there, what can make you far is on how you'd react after winning and that's where discipline gets in. If you're not a disciplined trader and just because you are so confident winning your trades, it's not always a good day not just in the market but also with your trades. And so with how you take things during your advantage matters a lot and will give you the path to where you should go and how to decide wisely as per results of your trades.

Both are essential components of trading, and they are difficult to separate if you don't master either, your trading will fail completely. Many traders especially beginners, experience losses not because they haven't learned trading properly, but because they lack discipline. They may start trading with high enthusiasm and learn various strategies but they fail because they lack discipline in executing them.

Relying solely on a strategy without discipline usually leads to failure because you become overconfident which leads to a desire to recoup losses or conversely greed. Lack of discipline especially in money management can lead to emotional instability especially when the market moves against your expectations. Therefore we can conclude that the two complement each other. Traders fail not because they lack adequate knowledge, but because they lack discipline in their existing strategies which leads to inconsistency.

[batang_bitcoin]

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.

Everything will be destroyed if a trader still can't ignore the greed in him, no matter how good your planning and your strategy in the end it will be useless and what happens is they will still end the session with a loss, so this is the reason why greed and various other impulsive actions must be avoided, whether you want it or not.
I understand what you mean that often discipline is lost when a trader has made a profit, they become very greedy and actually it happens because their awareness begins to fade about the fact that the market is high risk, so awareness is also very important to maintain.

That's for every trader to add, and that's to raise awareness. Because if they're not going to think of it, they'll always commit the same thing. Becoming more greedy too often and that will tend to show how terrible they are as a trader. They've made some profits but in the long run, that profit won't be nothing anymore when they start to get more losses.

[BigTarget]

Indiscipline candidates quit trading early even if they have proper strategies. But for sure strategy and disciplined go hand in hand always. Both are necessary for achieving your objectives. Strategy provides the indication while discipline plays like a mid-management to be on the right track. Discipline however is more important as it brings punctuality, consistency, focus. It boosts your energy and helps your to work properly in your strategy while trading.

Trading is a very complex work but with the help of discipline and well-tested strategy, you may handle trading in a profitable way.

[pawanjain]

Which One Actually Makes You A Good Trader?

Well said. At any point of time discipline is what takes us forward, not in trades but also in life.
A strategy can go wrong and can be changed but our discipline is what makes us ourself.
Discipline cannot go wrong and if we follow the right principles, we can eventually become a good trader.

[SOKO-DEKE]

Which One Actually Makes You A Good Trader?

Strategy is easy to learn.
Discipline

Why Discipline Is More Important Than The Strategy

If someone wants to be a successful trader, they must have both,as both are very important. I don’t see one as more important than the other. If a trader is disciplined but does not have a strategy to trade, they will hardly be successful in trading. Likewise, even with a good strategy, if a trader does not have discipline, they will hardly become a successful trader. So both things work hand in hand and we don’t need to see one as more important than the other.

I have seen some traders before, and because they lack these important things, they end up losing in trading. From their explanations, it is clear that what disturbs some traders is discipline and for others, it is the lack of a good trading strategy.

[Odusko]

Cryptocurrency trading is one crazy market that a trader can't really speculate the direction the market will go and if you follow up with market actions without a strategy like your entry price and exit point and how to manage your actions in other not to incure loses on the long run and manage to make some profits along the line so strategy is a very important aspect to cryptocurrency traders if you must remain focus.

[Lida93]

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.

In trading luck is a fairytale as you must have a deep knowledge of trading with good money management strategy and emotional control for you as a trader to be in profit with limited loss and higher profit. Luck is largely carried in gambling and it has much influence in results to the extend that even a novice gambling for the first time can hit a jackpot and become profitable without knowing what may have led to such. To be a good trader you must have to grow trading skills and this has to be gradually not sudden.

[bettercrypto]

To be honest, I wouldn't choose between those two discipline and strategy, because both are equally important and a trader really needs to have both. Discipline, when implemented properly, helps us control ourselves once we've gained profit from our trading activity. It allows us to limit ourselves, know when to stop, and prevent greed as traders.

As for strategy, when we use the right approach, we can also obtain good profit for sure, and at the same time, maintain the good earnings we get from the crypto trading space we're in.

[ndutndut]

Which One Actually Makes You A Good Trader?

Well said. At any point of time discipline is what takes us forward, not in trades but also in life.
A strategy can go wrong and can be changed but our discipline is what makes us ourself.
Discipline cannot go wrong and if we follow the right principles, we can eventually become a good trader.

Yes, trading is difficult not because of the analysis or strategy, because as you said every strategy can be changed if it doesn't work and we can learn from mistakes. But trading is difficult because it demands a high level of discipline, focus, and emotional control.

As humans we're generally poor at such things but when we have a good and disciplined strategy we become better at trading. Strategy and discipline are the main pillars of trading. In the first year of trading, you need a sophisticated and accurate strategy but in the fifth year you'll need even more risk management and emotional control.

[Wakate]

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.

Trading is all about skill and even though you have the skill, that does not guarantee you that you are going to be profitable from your trades. Skill is needed if you are a self exclaimed trader but there are other traders that are trading in group so you don't need all the whole skill for you to be profitable from your trades. Those that understand trading very well will be happy and enjoy their time being a trader.

[ASloveapg]

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.

In trading luck is a fairytale as you must have a deep knowledge of trading with good money management strategy and emotional control for you as a trader to be in profit with limited loss and higher profit. Luck is largely carried in gambling and it has much influence in results to the extend that even a novice gambling for the first time can hit a jackpot and become profitable without knowing what may have led to such. To be a good trader you must have to grow trading skills and this has to be gradually not sudden.

This is why trading should never be compared to gambling, they are completely different things, and the difference you have highlighted is absolutely true. This clear distinction you have given should be understood by everyone. Even a novice gambler with no experience or knowledge can suddenly win a big jackpot, but such activities never happen with trading, and this is why trading and gambling are completely different things. Only those who understand this difference correctly and decide to trade after gaining skills through proper knowledge can survive here in the long run.

[Catenaccio]

This is why trading should never be compared to gambling, they are completely different things, and the difference you have highlighted is absolutely true. This clear distinction you have given should be understood by everyone. Even a novice gambler with no experience or knowledge can suddenly win a big jackpot, but such activities never happen with trading, and this is why trading and gambling are completely different things. Only those who understand this difference correctly and decide to trade after gaining skills through proper knowledge can survive here in the long run.

Trading requires more knowledge, skills and trading is based on your careful calculations for your entries and exits for profit while there is an unavoidable factor of probability and luckiness. You never can control anything completely in life and it's same with your trading positions while generally the market is very volatile and basically unpredictable.

Gambling requires similar things: knowledge, skills and experience but gambling is affected more by probability and luckiness. When you use money for bets, you gamble with luckiness and probability while you have less available tools for control risk and make your exit for minimizing your loss and defending your initial capital. It's only possible with trading through stop loss order or stop limit order.

[M47AK16]

Both are essential components of trading, and they are difficult to separate if you don't master either, your trading will fail completely. Many traders especially beginners, experience losses not because they haven't learned trading properly, but because they lack discipline. They may start trading with high enthusiasm and learn various strategies but they fail because they lack discipline in executing them.

Relying solely on a strategy without discipline usually leads to failure because you become overconfident which leads to a desire to recoup losses or conversely greed. Lack of discipline especially in money management can lead to emotional instability especially when the market moves against your expectations. Therefore we can conclude that the two complement each other. Traders fail not because they lack adequate knowledge, but because they lack discipline in their existing strategies which leads to inconsistency.

Yeah, I agree. You have to make some good profit by using both of them and need to learn that with experience and could get some good results for it as well. The best way to move forward with this would be making sure that you are handling it carefully and not going overboard without getting that experience. There are many newbies who either have no good strategy or not yet mastered discipline and they end up putting too much money into trading right away which ends as a mistake.

[CageMabok]

Cryptocurrency trading is one crazy market that a trader can't really speculate the direction the market will go and if you follow up with market actions without a strategy like your entry price and exit point and how to manage your actions in other not to incure loses on the long run and manage to make some profits along the line so strategy is a very important aspect to cryptocurrency traders if you must remain focus.

Both are essential: discipline and strategy must be precisely combined by every trader to be able to trade long-term in any market. Because profits won't always come to the same trader, a trader must have a strong level of discipline and a well-developed strategy to avoid immediate disappointment or frustration after experiencing a loss or two in the market. In my opinion, after determining entry and exit points, trading doesn't have to be long-term. This is very different from investing. Therefore, even short-term trading can be very profitable if the timing is right and can bring immediate profits to the trader.

[wiss19]

While both are good, discipline will bring in rest of the deal anyways. If you are a hard worker with a proper discipline then you are going to handle everything else because not giving up and working on getting better is the only thing that matters.

If you are lazy and not doing a proper job but learning and trading then you are not going to get away with much even if you develop the best strategy, because you would not even know why that strategy works and for that reason it would not make sense. Being discipline involving your life style and your character as well. Trading is such a field which demands more than what you could offer in your daily life. Being dedicated toward trading and its ecosystem is the only way, you could crack the crypto trading.

[Rockstarguy]

Both discipline and strategy plays important role when it comes to trading and none can be left behind. Without discipline you may not even have the chance to get a good strategy for trading. When it comes to trading discipline comes first because if you are not discipline to learn to do things that are required in trading you may end their will definitely be bad result.  So I will say every trader needs to be discipline to get a good working strategy. Without discipline strategy wont work in trading.