Trading discipline is not quite enough to succeed

VIRTUALLY ALL EXPERTS AGREE THAT DISCIPLINE IS THE MOST IMPORTANT TRAIT OF A TRADER. ALL OF THEM, EXCEPT ME.

A closer look at this popular opinion has shown that it is wrong. One trait is much more important than discipline, and it is evident in the best traders.

At first glance, it seems clear that discipline is the most important in trading because there will be no results without it. Thus, a trader must be disciplined and must execute entries and exits correctly and on time.

Ask any expert and trader what is the most crucial trait in trading, and 95% of them will tell you that discipline is the most important. I firmly believed this, especially since this is what the authorities in the industry say— starting with Mark Douglas' book "The Disciplined Trader".

Logically thinking, strengthening discipline should lead to better and more stable results. I found exercises that help with this. Many traders started to use them, but the effects were not as good as I expected. Even worse, sometimes the discipline just disappeared—despite adequate effort and exercise!

We didn't understand why this was happening. Here are three short stories of traders that led me to solve this puzzle.

PDF eBook of approx. 11 pages. All you need is a programme to open PDF files such as a web browser.

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