Bitcoin Forex Forum | Forex Community Place
Bitcoin Forex Forum
Forex Community Place
Results 1 to 9 of 9

Thread: What do you guys do to improve discipline in trading?

  1. #1 Collapse post

    What do you guys do to improve discipline in trading?

    What do you guys do to improve discipline in trading?

  2. The Following 2 Users Say Thank You to nakupo For This Useful Post:

    Unregistered (2 )

  3. #2 Collapse post
    I often control my emotion when I watch the market movement. The less I spend my time looking at random analysis, the higher the chance of success. Patience with hard work is the perfect ingredient for profit-making.

  4. #3 Collapse post
    Quote Originally Posted by nakupo View Post
    What do you guys do to improve discipline in trading?
    It is hardly impossible to succeed in the crypto market when we don't follow our own rules. It might look simple, but most of us couldn't abide. One of the effective ways to stay aligned with our trading plan is to disregard the market noise and our emotions. It's something that most of us cannot keep, but we should give it a try!

  5. #4 Collapse post
    Number one and best discipline in trading is to have daily target. The target should be minimized. What I mean is that your target should be like 5 to 10 %

  6. #5 Collapse post
    Quote Originally Posted by Mcjerry001 View Post
    Number one and best discipline in trading is to have daily target. The target should be minimized. What I mean is that your target should be like 5 to 10 %
    Having a plan without self-discipline is nothing as we get influenced by the market noise easily. We often not admit, but the majority of our decision-making is the result of what we see and hear.

  7. #6 Collapse post
    I look at my motivation. What really is my reason for venturing on this investment? Then I look back at my past mistakes and recall its consequences. Do I want to face those huge losses again?

    With this, I can keep myself at bay and I am able to manage my emotions and create better decisions.

  8. #7 Collapse post
    Quote Originally Posted by AbdulShiek View Post
    Having a plan without self-discipline is nothing as we get influenced by the market noise easily. We often not admit, but the majority of our decision-making is the result of what we see and hear.
    Recently I was hurry to make a big target and I lost my $17 to $0.51

  9. #8 Collapse post
    Quote Originally Posted by Mcjerry001 View Post
    Recently I was hurry to make a big target and I lost my $17 to $0.51
    That's sad to hear, mate. Let this be a lesson learned for you. Sometimes, we don't really need to chase that huge profit opportunity because the chances of earning it is the same with losing it. Having consistent small trades with constant profits would give you great results in the long run.

  10. InstaForex
  11. #9 Collapse post
    Quote Originally Posted by Aya View Post
    I look at my motivation. What really is my reason for venturing on this investment? Then I look back at my past mistakes and recall its consequences. Do I want to face those huge losses again?

    With this, I can keep myself at bay and I am able to manage my emotions and create better decisions.
    I agree with you. This is what I mostly do as well. I know how devastating it is to lose a huge part of my capital because of my wrong decisions. Discipline is very important so we can keep following our plan.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
Earn up to
$50 000
for inviting friends
to get StartUp Bonus
from InstaForex
No investments required!
Start trading without
any investments and risks
WITH NEW STARTUP
BONUS 1000$
GET BONUS
55%
from InstaForex
on every deposit