What Is Discipline in Trading?


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Posted by Disciplined on July 13, 2008 at 12:23:09:

What Is Discipline in Trading?

Discipline means designing, testing, and following your trading system.

It means learning to enter and exit in response to predefined signals rather than jumping in and out on a whim.

It means doing the right thing, not the easy thing.

And the first challenge down the road to disciplined trading involves setting up a record-keeping system.

Dr Alexander Elder, Come Into My Trading Room




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