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The Road Less Travelled, a book by Dr. M. Scott Peck.
http://www.financial-spread-betting.com/Discipline-trading.html PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE Trading Discipline and Psychology. Most people who are doing well in the market have got their discipline and psychology together so I would recommend this book even if its not written by a trader. This guy is in actual fact a psychologist. Scott talks about the 4 pillars of discipline; Redoing.
1) Delaying gratification - you want that gratification you get from taking money from the market but you know it is in your best interests to remain in the trade for as long as you can or for as long as your target is reached.
2) Acceptance of responsibility - I think early on in trading you understand it. Blaming the market or your broker - anyone but you and your performance.
3) Dedication to the truth irrespective if you're losing money or having big success - when people are journalling or reviewing their trades they need to be as honest as possible.
4) Balance - even if you have discipline you need some flexibility there.
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https://www.youtube.com/watch?v=FcllPexPWccThe Road Less Travelled, Discipline Lessons for Traders 👍
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https://www.youtube.com/watch?v=vtAViYpOkBsAbout the Site 🌐
This site provides links to random videos hosted at YouTube, with the emphasis on random. 🎥
Origins of the Idea 🌱
The original idea for this site stemmed from the need to benchmark the popularity of a video against the general population of YouTube videos. 🧠
Challenges Faced 🤔
Obtaining a large sample of videos was crucial for accurate ranking, but YouTube lacks a direct method to gather random video IDs.
Even searching for random strings on YouTube doesn't yield truly random results, complicating the process further. 🔍
Creating Truly Random Links 🛠️
The YouTube API offers additional functions enabling the discovery of more random videos. Through inventive techniques and a touch of space-time manipulation, we've achieved a process yielding nearly 100% random links to YouTube videos.
About YouTube 📺
YouTube, an American video-sharing website based in San Bruno, California, offers a diverse range of user-generated and corporate media content. 🌟
Content and Users 🎵
Users can upload, view, rate, share, and comment on videos, with content spanning video clips, music videos, live streams, and more.
While most content is uploaded by individuals, media corporations like CBS and the BBC also contribute. Unregistered users can watch videos, while registered users enjoy additional privileges such as uploading unlimited videos and adding comments.
Monetization and Impact 🤑
YouTube and creators earn revenue through Google AdSense, with most videos free to view. Premium channels and subscription services like YouTube Music and YouTube Premium offer ad-free streaming.
As of February 2017, over 400 hours of content were uploaded to YouTube every minute, with the site ranking as the second-most popular globally. By May 2019, this figure exceeded 500 hours per minute. 📈
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