trading discipline Archives • Futures Day Trading Strategies

Posts Tagged Under: trading discipline

When you should really be scared of FOMO (Fear of Missing Out)


FOMO, or the “fear of missing out”, is a well-documented phenomenon in the world of trading. FOMO comes in many forms and shapes and often leads to bad and impulsive trading decisions. The following article will go over how FOMO is responsible for many of the problems that traders  deal with on a daily basis.
In its purest form, a trader who is driven by the “fear of missing out” enters trades too early, without waiting for actual confirmation of any trading rules. These traders see price moving and they think that they can “feel” it is going a certain direction, even though their trading rules don’t support the trade idea. They try to come up with reasons why they don’t want to miss a potential trade because it can finally get them out of their losing streak, despite the lack of any confirmation. Essentially, these traders will reason themselves

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How to stay in control as a futures trader


As a trader, you are dealing with the unknown every day; you have to accept the randomness of your results and you have no control over the way price moves – no matter how hard you try. Additionally, many traders think its “unfair” when you are up against the large hedge funds, billion dollar banks and sophisticated prop firms.

But are you really that helpless? Is the advantage that those established market participants have so huge that retail traders have no chance in this business?

The following 5 points attribute to your trading edge significantly and by fully understanding what they mean, you can potentially make better trading decisions. As a trader, you have to be in control at all times, take full responsibility and act on your ideas with confidence.

The things that are in your control


#1 When you trade

This is the greatest advantage retail traders have; you don’t have to do

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How Lack of Trading Discipline is Killing Your Performance


Trading Discipline, do you have it?

How would your trading account look like if you hadn’t taken all those trades you knew you shouldn’t be in in the first place? Traders are often much closer to finding their market edge and trading profitably than they think. The missing piece is not a lack of knowledge about what to do, but the inability to follow a disciplined approach and do what they know they should be doing.

The good news is that developing discipline is usually much easier than developing a better market edge. This article will show you exactly what is needed to take your trading to the next level.

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Knowing what to do and doing it

In trading, like in most other professions, it comes down to knowing what to do and then doing it. This statement consists of two parts: “knowing

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The Real Truth About Trading Psychology


Why Trading Psychology and Discipline Are Weak Excuses Promoted by the Industry?

The selling of psychology as a key aspect of trading is over rated.
Please, don’t misunderstand us. We are aware of the fact that the mental aspect of trading VERY important, but the whole trading industry has managed to convince you that our human instincts and psychology is hard-wired for trading failure. The words of fear and greed are omnipresent and always hovering over traders, explaining all mistakes and failure.

So you study all the common books about mastering the psychology of trading and how to deal with trading psychology more effective, spend a lot of money on webinars and seminars to make you more focused, but, at the end of the day, you don’t improve and your results still remain the same. You change to a different trading method, switch brokers, and start “fresh”—just to repeat the same thing

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How Can Traders Improve Their Trading Discipline


Discipline is undoubtedly one of the most important character traits a trader needs to have in order to trade successfully. A lack of discipline often the cause of the most common trading mistakes such as breaking trading rules and executing trades prematurely, making impulsive trading decisions, violating risk management rules, revenge-trading and over-trading, just to name a few. And, all of these things inevitably result in losing much more money than what a trader had originally anticipated and what would be necessary.

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Developing discipline is usually not an easy task and discipline in trading can come in many different forms which most people are not even aware of. In the following article we explore what discipline in trading really means and how a trader can develop more of it by following a few simple tips.



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