What Is the Best Advice for Discipline Training?

[Pandorak]

In order to achieve discipline with trading, you need not to be fearful from losing your trades due to some inevitable mistakes. You won't be losing the whole time, because you will definitely learn from your mistakes and create positive trades after. With that, discipline already develops.

And with trading comes with battling your emotions most of the time, until you learn that emotions turn out to be your best enemy in trading. With that, you want to be responsible by controlling your emotions and put limitations to it. With that, discipline also develops.

What you said is very true. People who analyze the market themselves and set their own risk levels before trading will understand even if the price does not move as desired, in other words, if they experience a loss or hit a stop loss. The positive thing is that they will record it in their trading journal, noting the cause of the loss. what was overlooked that caused the position to hit the stop loss. These factors will sharpen their analysis and become valuable experience that will be very useful in future trades.

Unlike those who trade by relying on signals or recommendations to make purchases from others, they tend to just follow along, not understanding at all the reasons for profits or losses. Their mindset is only oriented toward how much profit they can potentially achieve with a certain amount of capital.

[Outhue]

Disciplined has different meanings to me.

The act of withdrawing from something can be called disciplined, e.g gambling.
The act of trying over again and never giving up can also be called disciplined.

My advice is you better find something that works for you, trading won't work for everybody, because we can't all be disciplined with trading, controlling emotions and losing money only to go back in again is not something that everyone can get used to, I am talking from experience, there are many people who wished they are never introduced to trading at all.

[TheUltraElite]

If you have been trying to trade but mostly not able to make money, consider a few things:

1. Spot trading over any other type of trading. Spot trading is where you buy an asset at x price and sell it at y price. Anything other than this is a gamble.
2. Read old charts for the last 10years. Bitcoin has grown over the years and the charts are the evidence for that. See how much profit you can actually make over a few years of patient holding of a lump of bitcoin.
3. Avoid social media and news when it comes to trading. Trade like a machine, not like human.

[Emitdama]

Disciplined has different meanings to me.

The act of withdrawing from something can be called disciplined, e.g gambling.
The act of trying over again and never giving up can also be called disciplined.

My advice is you better find something that works for you, trading won't work for everybody, because we can't all be disciplined with trading, controlling emotions and losing money only to go back in again is not something that everyone can get used to, I am talking from experience, there are many people who wished they are never introduced to trading at all.

Because you are right, discipline isn't the same for every situation nor even every person. What one person does could be discipline when someone else doing the same thing could be considered careless. One thing is for sure, discipline has to be something that you do not give up on, and keep doing and if you do that then you are going to sometimes benefit, but if you do something wrong with discipline then you are going to also be hurt.

We need to make sure that we get the results that we want out of it and can be proud. Like strategy for trading, if it's profiting, keep doing it and never get out of the limits if you do then you may end up losing money and that would not be discipline and would be greed instead.

[Fredomago]

Disciplined has different meanings to me.

The act of withdrawing from something can be called disciplined, e.g gambling.
The act of trying over again and never giving up can also be called disciplined.

My advice is you better find something that works for you, trading won't work for everybody, because we can't all be disciplined with trading, controlling emotions and losing money only to go back in again is not something that everyone can get used to, I am talking from experience, there are many people who wished they are never introduced to trading at all.

Good point, trading is not for everyone but if you focus yourself and have that good disicpline inside you there's always a good place for improvement, it's tough but doable when you seek for more knowledge and more understanding, experienced is the best training ground and if you are open for imprvement you can always test your strategy and adjust whenever it's needed, train yourslef in accepting tough decision making and have that self-will to move forward and not to dwell with failures and mistakes.

[nelson4lov]

I think it's best to start the concept of discipline small. That means keeping it simple for the start. It can become more robust later but for a start, you're better off keeping things really simple. For instance, you want to enter a trade with a specific amount of lot size at all times irrespective of how you think about the trade. The amount is fixed for all trading positions. If you start like this along with other basic setups, you should be good to go.

[Kasabus]

Disciplined has different meanings to me.

The act of withdrawing from something can be called disciplined, e.g gambling.
The act of trying over again and never giving up can also be called disciplined.

My advice is you better find something that works for you, trading won't work for everybody, because we can't all be disciplined with trading, controlling emotions and losing money only to go back in again is not something that everyone can get used to, I am talking from experience, there are many people who wished they are never introduced to trading at all.

Having discipline is knowing what you can do the best and setting aside what your knowledge and skills do not fit. So if you are good enough to trade and has the real capacity to make a positive trade, then try it and hone your experience. But if you are like others who are into losing often times and have never experienced even a single profit, believe me trading is not for you.

Discipline develops but it takes time. So if you are actually interested to trade, take your time, commit mistakes and eventually learn from it. If you grow from it doing, its worth doing continuously, but if not, leave trading and go where you mostly fit and make positive income.

[SamReomo]

3. Avoid social media and news when it comes to trading. Trade like a machine, not like human.

Well, to be honest, social media is also important for a crypto traders, that's where traders understand that is it the right time to sell or buy. We must keep in our minds that social media and news play very important role in crypto currencies and for the whole crypto in general. So good news is a good asset for a trader.