How discipline helps in trading

[Joe Ross]

Discipline in executing each and every trade according to your trading methodology is the secret to your success. If you want to improve your trading, what you need to do is very simple. Before you enter any trade, imagine that you will have to explain this trade to a panel of your peers, by explaining to them the reason for your entry, your money, trade, and risk management guidelines, and why you exited the trade. Imagine having to explain why you chose this particular market and this particular time frame, along with how you set objectives for the trade, and how you determined where your initial protection would be. If you can truly do this, I strongly believe that you can be successful.

Just prior to entering every trade, try to imagine yourself executing the trade perfectly. Imagine how it will feel when you enjoy having made money with your trading.

Yes I know, you don't have time to do that. Why? Because you never plan your trades ahead of time. You probably don't have a strategy, and instead of waiting patiently for trade that meets your well-defined parameters and your thought-out plan, you just jump in the minute you think you see something that looks good.

You need to take a lesson from a spider. The spider waits patiently in his web until some unsuspecting insect flies into the spider's trap.

Have you been flying into any of my traps? I wait for trades that meet my expectations, trades that fit my plan. I wait patiently, and being kind-hearted I don't want any of my readers to land in my web. I'd rather the unsuspecting are readers of someone else's newsletter. But it's amazing how often I get to feed.

 

[Ambrose Ackroyd]

Is this the kind of disciplinarian we need to show us how to trade well Joe, mate ?

 

[meanreversion]

Joe is not a person, it's a spam robot.

 

[meanreversion]

You need to take a lesson from a spider. The spider waits patiently in his web until some unsuspecting insect flies into the spider's trap.

You need to take a lesson from the shepherd and get the flock out of here.

 

[Ambrose Ackroyd]

I didn't know that robots ate spam.

 

[Mr. Charts]

I thought that spam was regurgitated fish fingers.

 

[LiamH]

I didn't know that robots ate spam.

You misunderstood. It's a robot made of spam, obviously.

 

[Ambrose Ackroyd]

That means you can eat the robot then doesn't it ?

 

[LiamH]

That means you can eat the robot then doesn't it ?

Urgh noooo.. Spam's not edible, is it?

 

[FX Bandit]

When is someone gonna say it? "How do you make those fish-fingers so tasty?".

 

[Mr. Charts]

It's the minced fish eyes and digestive tract.

 

[Ambrose Ackroyd]

Urgh noooo.. Spam's not edible, is it?

Of course it f**king is.

 

[Mr. Charts]

It's edible but not eatable.

 

[LiamH]

Of course it f**king is.

No way could something that tastes so foul be edible. I'm not buying it.

 

[FX Bandit]

Urgh noooo.. Spam's not edible, is it?

Listen Liam, you don't like spam, I gotta tell you you're in the wrong place. And you can bank that with Barclays.

 

[Ambrose Ackroyd]

It tastes like sh1t but you can still eat it.

 

[FX Bandit]

It tastes like sh1t but you can still eat it.

It's the same as sh1t in that respect.

 

[amit1986]

Quite edible.

 

[LiamH]

It tastes like sh1t but you can still eat it.

You can eat sh1t but would you call that edible?

 

[oildaytrader]

Discipline in executing each and every trade according to your trading methodology is the secret to your success. If you want to improve your trading, what you need to do is very simple. Before you enter any trade, imagine that you will have to explain this trade to a panel of your peers, by explaining to them the reason for your entry, your money, trade, and risk management guidelines, and why you exited the trade. Imagine having to explain why you chose this particular market and this particular time frame, along with how you set objectives for the trade, and how you determined where your initial protection would be. If you can truly do this, I strongly believe that you can be successful.

Just prior to entering every trade, try to imagine yourself executing the trade perfectly. Imagine how it will feel when you enjoy having made money with your trading.

Yes I know, you don't have time to do that. Why? Because you never plan your trades ahead of time. You probably don't have a strategy, and instead of waiting patiently for trade that meets your well-defined parameters and your thought-out plan, you just jump in the minute you think you see something that looks good.

You need to take a lesson from a spider. The spider waits patiently in his web until some unsuspecting insect flies into the spider's trap.

Have you been flying into any of my traps? I wait for trades that meet my expectations, trades that fit my plan. I wait patiently, and being kind-hearted I don't want any of my readers to land in my web. I'd rather the unsuspecting are readers of someone else's newsletter. But it's amazing how often I get to feed.

While most of you are setting traps and preaching silly buggars,ODT is inside the trap beating the s5hit out of those who set traps for noobs.Ged it this pitch is for mentoring hookers of m2w , ged the fingers.