Traders Queries - Discipline
Query : I do analysis & plan my trade. But I am not disciplined. I am trying, but still discipline seems tough. What to do?
Answer : During the market hours, seeing the live market chart makes us question the analysis we have done earlier. Its human nature to want to be right always. This makes us do irrational decisions in trading. In other words, its the "ego" which makes us to go against our own analysis & plan. As there is no guarantee about what will happen in market, its better to stick with the plan. Once a person understands the importance of being disciplined, then its easy for him. Understanding this takes time depending on the individual.
Note : Post written as a reply for the query from a regular follower.
Answer : During the market hours, seeing the live market chart makes us question the analysis we have done earlier. Its human nature to want to be right always. This makes us do irrational decisions in trading. In other words, its the "ego" which makes us to go against our own analysis & plan. As there is no guarantee about what will happen in market, its better to stick with the plan. Once a person understands the importance of being disciplined, then its easy for him. Understanding this takes time depending on the individual.
Note : Post written as a reply for the query from a regular follower.
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