The Futures Trading Mastery
Course Part 2 - DISCIPLINE

Welcome to Part Two of The Futures Trading Mastery Course

Yesterday we discussed your Desire to become a successful futures trader, how most people never realize this dream, and what you can do to be among the winners. If you missed yesterday's lesson, you can read it here.

Today we are going to look at the second critical distinction between professional, profitable traders and everyone else...Discipline.

Sam Goldberg

Your Futures Trading Coach 

and Mentor

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. 

When you act as a trader you must have a plan of attack each and every day. We call this a plan of action that must become habitual in nature. 

The most successful traders have a methodology they trade by or a system they use to maintain this discipline. I can tell you from years of experience that without discipline you are doomed. 

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.

Always follow your set of rules and if they are good then you are in the minority. You must take the trades that match your rules or methodology. The rules are preset by you and you must stick to your plan. There is no room for deviation from your discipline.

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. 

Discipline requires that you have a trading plan and that you don’t trade off of emotion. Also, always take a profit when your system tells you to do so. 

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. 

I make it a habit to stick to my discipline. That means that I have to follow 12 rules that fit my methodology before I can even think about entering a trade. 

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! 

Why is discipline so important? 

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.

The bottom line is discipline creates successful traders. Successful traders have discipline. 

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...

Book Your Free 30 Minute Trading
Consultation With Sam Goldberg Now...
 
Primary Email:
Your Name:
Phone Number, Or:
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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.

See you tomorrow,


Futures Trading Coach.com

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...

 

 

 

U.S. 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. 

CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

 

 

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