As mentioned in the previous chapter, I consider discipline a core principle. Incorporating discipline in your curriculum does not mean to restrict or deprive yourself of something, it just symbolises how much self control you can generate. The need to always want something strays the mind from your real goal.
Investors/Traders always follow their schedule, no matter the situation. They understand the need to strictly input the daily effort. They are always on point to assess, analyse and conclude transactions. One way that I can suggest to discipline yourself is through exercising.
Exercise has many benefits. It helps stay fit and reinforce concentration which helps to stay sharp in critical situations. It also help to boost up physical and mental abilities which improve performance level as you can work longer hours and not feel tired. Maintaining a regular exercise schedule is a form of discipline. In the beginning, you may feel that it is a ‘waste of time’, but that’s the real part. You need to convince yourself that it is important to maintain this schedule; that’s one way of making discipline a habit. There are various form of exercise such as cycling, swimming, jogging and many more. You can try and see what works best for you.
One more important factor is sleep. Try to maintain a routine sleep pattern. Do not spend your nights sleepless. A tired mind will always make irrational decisions. Disciplining yourself to maintain a good sleep will prove beneficial in terms of decision making. It also helps to maintain a good level of alertness which is important in the trading/investing world. A good night’s sleep reboots the brain which improves cognitive functions.
There are many ways to incorporate a discipline schedule. First, you need to prepare yourself mentally. Only then, you can discipline yourself. Make discipline a habit and see how you change the game.
Thank you for reading my article. In the next chapter, we will talk about the second principle. If you liked this article, please show support by liking and sharing.