Trade discipline

tts_markets posted:
In every business, there are a number of predefined factors, without which your destination will never be reached. This is also true for Forex. Trading time, the money to invest in, stop losses, take advantage, etc. are some important factors. Each item in the forecast must be analyzed on the basis of proper business discipline. Set your targets every day and never trade after the targets have been reached.

Voss_y posted:

tts_markets posted:
In every business, there are a number of predefined factors, without which your destination will never be reached. This is also true for Forex. Trading time, the money to invest in, stop losses, take advantage, etc. are some important factors. Each item in the forecast must be analyzed on the basis of proper business discipline. Set your targets every day and never trade after the targets have been reached.

I agreed. but one question arize. why never trade after the targets have been reached??

Tradelist45 posted:
in my life i love two words which
is discipline and the 2nd is consistency ,

 its all about same most of time.

LukeRachel posted:
Discipline is a very important point that cannot be traded without maintaining it. No matter how good a strategy I learn, if I can't maintain discipline, it will be difficult to make a profit.

Gracewilson1995 posted:
The 10 golden rules of forex trading
1. Avoid forex trading software that claims to guarantee returns
2. Always use a demo trading account
3. Forex trading can be highly stressful – avoid emotional trading
4. Invest in a solid forex education
5. You can learn to trade forex successfully
6. Manage your forex capital wisely
7. Manage your investment-per-trade wisely
8. Use common sense
9. Ensure you use risk protection strategies at all times
10. Be especially cautious about overextending yourself with leverage

doughnuts posted:
Even with disciple you can make a loss. Trading plan helps only if it is a good trading plan

MasterMove posted:

doughnuts posted:
Even with disciple you can make a loss. Trading plan helps only if it is a good trading plan

I believe that both are equally important, only a disciplined trader will be able to follow a trading plan.