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When
you have clearly find your trading methodology, then you must have the
discipline to follow your system. A Lack of Discipline in this regard is
the main fatal flaw because most of the time the markets are not trending
in one clear direction.
The formula for success is to consistently apply a proven methodology. So
the best advice I can give you to overcome a lack of discipline is to
define a trading methodology that works best for you and follow it
religiously.
Trading sure is inherently exciting and anything involving money usually
is exciting, it’s easy to feel like you’re missing the party if you don’t
trade a lot. As a result, you start taking trade setups of lesser and
lesser quality and begin to over-trade.
If the way you begin to over-trade, then you have either not identified
your methodology or you lack the discipline to follow the methodology you
have identified. |