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Ways to Acquire Discipline in Trading
One way to acquire discipline in trading...
"Hey Joe! When you were teaching us at our Forex office in
Florida, you stressed discipline. Our head trader stresses
discipline. What I want to know is if discipline can be acquired
or is it just something you are born with? I'm having trouble
finding it in myself." - trader -
Personally, I believe discipline can be learned, although at
times it is very painful. When I began trading, I was a very
undisciplined person. But trading and the markets forced me to
become disciplined. Was the discipline already there and just
needed to be extracted? Or did I actually learn it? I can't truly
be sure.
One of the largest trading firms kept their offices near
Yeshivas. A yeshiva is a rabbinical school that produces rabbis
of the Jewish religion. The students coming out of the yeshiva
were highly disciplined and made excellent traders. Was the
discipline innate in those yeshiva students? Or did they learn it
under the strict supervision of the rabbis who controlled their
lives? I think they learned it.
I've mentioned previously that it can help to keep a journal
if you want to learn discipline. The journal I kept was very
basic and included what trades I made during the day and my
reasons for getting into the trade. It is what I did with the
journal that helped me to be disciplined. Anyone can make entries
into a journal. I let the contents of my journal keep me in line.
It became my supervisor. I took to heart what I wrote there. I no
longer keep that kind of journal because it has served its
purpose in making discipline into a habit in the way I trade.
Joe Ross
Trading
Educators Inc.
Joe Ross, trader, author, trading educator is one of the most
eclectic traders in the business. His 47+ years include position
trading of shares, and futures. He day trades stock indices,
currencies, and forex. He trades futures spreads and options on
futures, and has written books about it all - 12 to be exact. Joe
is the discoverer of The Law of Charts?, and is famous for the
Ross hook? and the Traders Trick Entry?.
Trading Educators, Inc.
Trading Educators was founded in 1988 by Master Trader Joe Ross.
He is the president of Trading Educators and actively supports
his customers with his experience of more than 47 years of
trading.
The Team at Trading Educators is composed of an international
blend of experienced traders, all educated and proficient in the
Joe Ross methods. Our professional staff trades regularly in the
markets.
Since its foundation Joe Ross and the Team at Trading
Educators have taught thousands of satisfied customers who use
Joe's concepts to produce significant profits in today's
markets.
 MORE RESOURCES updated Sat. January / 23 / 2021
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