Before we go on, please turn up your speakers, click on the 'Play' button below and listen to this short personal message...
I hope that your ears are ready for the wakeup call that I promised to you yesterday. For a futures trader to be successful, DISCIPLINE is without question a must.
You may have heard that in real estate its location location location. In trading its discipline discipline discipline.
Think of discipline the same way as when you were a child who misbehaved and mom told you that when dad gets home you are in big trouble.
What happens when you lose your sense of discipline?
The answer is your emotions take over because you are no longer trading in an objective manner. If you have some subjectivity in your discipline then you follow that.
There needs to be an element of subjectivity in you methodology. I believe that trading is a combination of an art and a science.
Limit your losses to small ones and let your winners run. That last statement sounds great but it is not always as easy as it sounds.
There are no short cuts if you are going to become a serious trader. A shortcut will do one thing and that is cut you profession of trading short!
I have heard traders tell me what they think the market is going to do, what they think will happen after lunch, I can trade without a discipline, this is an obvious move etc.
The point that I am making is discipline is the most important part of trading. It is also the most difficult to master. If you have
patience you can be taught discipline as it a learned behavior in trading.
A methodology that you can define by a set of rules that are followed to the n'th degree will put you on the path to success. I would never put my trading career on the line due to a lack of discipline and neither should you.
Book Your FREE Consultation...
As I mentioned in the audio message earlier, to help you become a more successful, consistently profitable trader, I'm offering a FREE 30 minute one-on-one personal trading consultation.
We can talk on the phone or via Skype, so simply complete the form below and I'll get back to you to arrange a time when we can get together to discuss the best way of improving your trading results...
I hope you’re ready for day three which will concentrate on trading setups. These are the crux of the entry.
And if you have any questions about anything we've covered so far in this
course, please feel free to call me on 954-464-4100 or you can also contact
me by email through this form and I'll get right back to you.
P.S. If you are serious about trading the Emini market for a living, make sure you book your free 30 Minute Trading Consultation by using the form above. Your trading results will never be the same again...
Government Required Disclaimer - Commodity Futures Trading
Commission Futures and Options trading has large potential rewards,
but also large potential risk. You must be aware of the risks and be
willing to accept them in order to invest in the futures and options
markets. Don't trade with money you can't afford to lose. This is
neither a solicitation nor an offer to Buy/Sell futures or options.
No representation is being made that any account will or is likely
to achieve profits or losses similar to those discussed on this web
site. The past performance of any trading system or methodology is
not necessarily indicative of future results.