The foundation of steady market success is trading discipline.
I#t's about carrying out your plan consistently, even while emotions are running high, rather than trying to foresee every action.
This entails controlling your risk per trade, adhering to your entry and exit criteria, and refraining from making snap decisions motivated by greed or fear. True discipline covers your entire trading practice, not just individual deals.
Do you go over your trades?
Examining your errors? Continually improving your approach based on factual information rather than whims? This degree of discipline requires time and deliberate effort to develop.
It's a mental muscle that requires daily workout.
Even the best trading plan will probably fail without it.
Which aspects of trading discipline are the most difficult for you?
I'd love to hear your thoughts.