10 Disciplines of a Winning Trader


Dis·ci·pline : a way of behaving that shows a willingness to obey rules or orders.


 Discipline is a key element of successful trading, nothing works in trading without the ability to stay focused and take the right action at the right time. 

  1. We must take our entries when we get the signal.
  2. We must exit when our stop loss is hit.
  3. We have to manage our position sizing at all times and not get too big in a trade.
  4. If our trailing stop is hit we have to take it.
  5. If we get out of a trade and a new signal is hit we have to get back into it.
  6. We have to follow our trading plan and not get swept away by our emotions.
  7. We have to do the  research and homework first and see if our method works first and then trade it.
  8. Smart traders stick with markets they know well.
  9. We can not drift into a different trading style just because our style is out of favor.
  10. Even if  the market is not conducive to our method currently we have to stay focused on doing our homework and taking our entries when the opportunity arises.