A Disciplined Trader Makes Money. Undisciplined Traders Lose Money.
Yes, if you want to be successful as a trader, it is EXTREMELY important to be disciplined in your trading. Of course you need to know what you are doing when you put on a trade and I can teach you more about that on this page. But the most important part of trading is actually DISCIPLINE. You need to learn entry discipline and more important; exit discipline. So many traders lose money because of lack of discipline.
Without Discipline You Will Lose All Your Hard-Earned Money...Fast.
Trading discipline will help you get out of a losing trade before it has gone too far. Trading discipline will help you not get in to a losing trade. You have to have rules and you have to stick to the rules. When trading with real money, following your rules is extremely important.
I was a trader for several years, before I discovered Norman Hallett. And I lost a lot of my hard-earned money in the process. I thought I learned a lot in my first years of trading, but it wasn't until I discoveredNorman Hallett that I finally managed to turn my trading around. There was actually nothing wrong with my trading-strategy. It was a great strategy, and it worked perfectly on paper.What was wrong was my mind-set and my lack of discipline in my trading. Every time I got into a trade, I always found it extremely hard to get out of the trade at the right time. And when I got into a losing trad it was even worse. The result usually was that I stayed in the trade, bleeding myself to death when it came to my trading-capital.
When you sign up to Norman Hallett's 4 Minutes Drill, you will receive weekly emails with great tips and tricks to stay focused and disciplined through all the phases of trading.
Check out the video below.
This is one of the weekly emails about great how to become a disciplined trader.