How to Become a More Disciplined Stock Trader 1. Treat trading as a business. 2. Get someone to keep you on track. 3. Review your trades. 4. Set reasonable trading goals. 5. Tackle the easy problems first. 6. Review your performance. 7. Make trading rules and keep them visible at all times. 8. Make a trading plan. 9. Make a game plan. 10. Have a trading strategy to follow. 11. Ask yourself before every trade, “Is this the right thing to do?” 12. Do your homework. 13. Work hard to improve. 14. Use hypnosis. 15. Just do it. . . . . How a Lack of Discipline Hurts a Stock Trader 1. Not being able to follow proper trading rules 2. Over trading 3. Lacking focus 4. Having poor entry points 5. Chasing the market 6. Not waiting for higher probability trades 7. Trading in choppy markets 8. Trading against the trend 9. Trading without a game plan 10. Not being prepared for what the market has to offer 11. Not following risk parameters 12. Letting emotions run rampant 13. Not being able to cut losses 14. Not being able to hold winners 15. Being nonprofessional.... .
Posted on: Sat, 20 Dec 2014 11:03:13 +0000