Thursday, January 24, 2008

What Is Discipline in Trading?

Discipline means designing, testing, and following your trading system.

It means learning to enter and exit in response to predefined signals rather than jumping in and out on a whim.

It means doing the right thing, not the easy thing.

And the first challenge down the road to disciplined trading involves setting up a record-keeping system.


Dr Alexander Elder, Come Into My Trading Room

2 comments:

Steal great trading ideas! said...

Great post!

Simple Mind said...

Thanks!

P.S.
Thanks too for including my blog in your blog list.
Will include your blog in my blogroll as well.