Aneka Info

No matter what you trade stocks, forex, futures, options, commodities, ETFs, bonds or whatever, you need a trading discipline otherwise it will still be making the losing trades. Many traders do not take discipline seriously. It was Richard Dennis, who said that his turtles that no matter how volatile the market, it is your trading discipline in following the rules that will determine the winners in the end how much you can do.

Richard Dennis started with just $ 400, and ended up creating more than 200 million U.S. dollars trading commodities. Now, goods are considered one of the most risky and volatile markets. How is it done? Simply, the discipline. Recently, Norman Hallet, internet top trading coach and is considered the godfather of the discipline of trading conducted on-line survey in which more than 1,700 retailers participated.

3 most critical issues of trade disciplines that were expressed by most retailers in this study were:

1) giving back all the profits on the market in undisiplined move or what you call creating a blowout trade,
2) hesitation pulling the trigger, when the signals indicate that a trading plan and said it.
3) problems in which the losses.

Now, how do you stop making a trade off after another? How to pull the trigger reliably when it is time to do this? How to cut your losses and quit when the right thing to do? Many traders never figure it out and end up frustrated. Regardless of the trading system you use, it is a discipline in following the rules that will ultimately determine how consistent winners can do overtime and Richard Dennis said. By improving your trading discipline, you can turn into a winning trader!