discipline in trading

Discipline – how not to enter the limit

I have already described the system of double limits for the day, she very hard teaches not to go beyond the second limit and stop on time. This is a very good technique at first., but when you have been trading for a long time and follow all the rules, skipping a day during the reporting season is not very beneficial for your wallet. Therefore, I came up with an alternative : You also have a day 2 limit First conditional, if you enter for it, then you no longer trade today. If you enter for the second, then the next day you reduce your average position and the daily limit DOUBLE, and so every day if you go beyond it. If a day with a reduced limit closed in a normal plus, you return it to the original one again It seems that everything is simple, can you have some additions ???

Hone discipline

During all this trading time, I have made thousands of mistakes., know my strengths and weaknesses. I lack attentiveness, discipline so as not to repeat them. If I can cope with the fact that would not repeat the mistakes, then my results will improve greatly. In most trainings, for breaking the rules, you set yourself some kind of meaningful punishment and I also need to come up with something like that. Yes, the loss of money is already a punishment for making a wrong transaction, but I take it for granted, that you can't get away from the cons, anyway, any plus will cover several negative trades.

Trader discipline. Or, rather, her absence ...

so, everyone, who was engaged in stock trading, will say, what's the hardest part to stick to that set of rules, which the trader has set for himself.
There is, certainly, and such traders, which have no rules, but this does not apply to this conversation yet.
Here, understand, I can't adhere to the guidelines, all the time pulls to break, nothing can be done about it. Even the realization that, what […]

Memories of a stock speculator: Lessons from Jesse Livermore's Success

Введение В мире биржевых спекуляций сложно найти более легендарную фигуру, than Jesse Livermore. His life path is not only a success story, but also powerful lessons for those, who aspires to succeed in the stock market. In his book “Memories of a stock speculator” Livermore shares important strategies and principles, which are still relevant for traders and investors.

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