Trading with More Discipline: Develop a Trading Plan; Part 2
http://www.financial-spread-betting.com/Discipline-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE This is Part 2 of a multi-part series; Trading with Better Discipline and Emotional Control. Developing a trading plan gives you the best plan of staying disciplined. Create a plan that is not too difficult to stick to and give yourself some flexibility because that's why often we break the rules so don't be too rigid with yourself. OK.
Create an environment conductive to trading productivity.
1. You don't want any outside distractions - Noise, other jobs.
2. Get yourself a timetable - imagine yourself as a trader working for you (the head trader/risk manager)
You want to eliminate any external influences that could cause you to trade emotionally. These are the easy wins but it can really make things easier for you. You don't want to be in an environment where it is difficult to concentrate.
Related Videos
Trading with More Discipline and Better Emotional Control Series
Trading with Discipline and Better Emotional Control; Part 1
https://www.youtube.com/watch?v=Sg9xEEN6KHQTrading with More Discipline: Develop a Trading Plan; Part 2 β
https://www.youtube.com/watch?v=ElAEB_sz4DsTrading with More Discipline: Emotional Assessment; Part 3 β
https://www.youtube.com/watch?v=-2KHvnUzwOMTrading with More Discipline: Frustration/Anger; Part 4 π
https://www.youtube.com/watch?v=-WF-59CRQIETrading with More Discipline; Fear/Panic Part 5 π’
https://www.youtube.com/watch?v=iCG2sSWImEsTrading with More Discipline: Joy/Euphoria; Part 6 π
https://www.youtube.com/watch?v=ZXMWHWNvkdUDESPAIR, ACCOUNT KILLER; TRADING CAREER ENDER - Trading with More Discipline Part 7 π
https://www.youtube.com/watch?v=V9vFUogwybITrading with Better Discipline and More Emotional Control: Summary; Part 8
https://www.youtube.com/watch?v=2JlnoX3bELkReframing your Trading Thoughts for Success π
https://www.youtube.com/watch?v=0yy_xASCJ0MDo You Have What It Takes To Be a Profitable Trader? π
https://www.youtube.com/watch?v=zGcBMdptbkg3 Ways You Can Improve Your Trading Discipline π£
https://www.youtube.com/watch?v=FcllPexPWcc ### Developing Patience and Knowing when to Trade ###
Part 1 - Tips on How to Develop Patience and Trading Discipline:
https://www.youtube.com/watch?v=biBvOdzOp1EPart 2 - What is your Winning Edge (Advantage) when Trading?
https://www.youtube.com/watch?v=WlI1GnzSi48Part 3 - Trade when the Market isn't Random: Understanding Crowd Psychology
https://www.youtube.com/watch?v=mFhcxsKF6AAPart 4 - Profiting From Panic Selling: Buy Fear, Sell Greed
https://www.youtube.com/watch?v=9ff-fnvGGOsPart 5 - Trading with an Edge: How To Trade And be a Winner
https://www.youtube.com/watch?v=oogb4zE8k1kPart 6 - Developing Patience and Knowing When to Trade
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