How does one maintain discipline on trading stock options?
TRADINGFEATURED
"Think longevity and give the system a chance to work for you"
I will give you a simple trick for this.
Imagine if trading was your 9 to 5 job and it paid whatever salary you wanted on top of extra commission on your winners. But the catch is, that if you break any of the trading system rules, you will be subject to instant termination.
If this happened, most people would be out of the job but if you can adopt this perspective, you will be more profitable than you have ever been.
Most traders hop from strategy to strategy and watch month after month and wonder why they continue to spin their wheels.
Your inability to stick with the plan through thick and thin no matter what is keeping you from reaching the breakthrough.
If you found a strategy that has been proven profitable, stick with it.
Think longevity and give the system a chance to work for you.
Credit: Quora