How can I become a disciplined trader?
TRADINGFEATURED
"In trading, mistakes are inevitable, but they are also stepping stones to improvement"
Think in probabilities
Major league baseball players get paid millions for having a 30% accuracy rate. Success doesn’t demand perfection. You will thrive by smartly managing risk, not aiming for flawlessness. Once you understand this, you will embrace losses as a part of the journey and they won't sting as personally.
Learn from the mistakes
In trading, mistakes are inevitable, but they are also stepping stones to improvement. Distinguish between good mistakes and bad mistakes. The winning mindset is all about being 1% better every day.
Set up for success
Maximize your edge with relentless backtesting, journaling, price action review, and mentorship. Eliminate distractions during trading hours, and prioritize sleep, hydration, nutrition, and exercise. Excellence demands a holistic approach - don't cut corners, set the stage for success.
Winning mindset strategy
Break down success into manageable wins. Win the minute, hour, day, month, quarter, year. If one interval eludes success, pivot to the next. Win no matter what. The unwavering commitment to winning ensures triumph in the long run.
Credit: Quora