Ways to Acquire Discipline in Trading
One way to acquire discipline in trading...
"Hey Joe! When you were teaching us at our Forex office in Florida, you stressed discipline. Our head trader stresses discipline. What I want to know is if discipline can be acquired or is it just something you are born with? I'm having trouble finding it in myself." - trader -
Personally, I believe discipline can be learned, although at times it is very painful. When I began trading, I was a very undisciplined person. But trading and the markets forced me to become disciplined. Was the discipline already there and just needed to be extracted? Or did I actually learn it? I can't truly be sure.
One of the largest trading firms kept their offices near Yeshivas. A yeshiva is a rabbinical school that produces rabbis of the Jewish religion. The students coming out of the yeshiva were highly disciplined and made excellent traders. Was the discipline innate in those yeshiva students? Or did they learn it under the strict supervision of the rabbis who controlled their lives? I think they learned it.
I've mentioned previously that it can help to keep a journal if you want to learn discipline. The journal I kept was very basic and included what trades I made during the day and my reasons for getting into the trade. It is what I did with the journal that helped me to be disciplined. Anyone can make entries into a journal. I let the contents of my journal keep me in line. It became my supervisor. I took to heart what I wrote there. I no longer keep that kind of journal because it has served its purpose in making discipline into a habit in the way I trade.
Joe Ross
Trading Educators Inc.
Joe Ross, trader, author, trading educator is one of the most eclectic traders in the business. His 47+ years include position trading of shares, and futures. He day trades stock indices, currencies, and forex. He trades futures spreads and options on futures, and has written books about it all - 12 to be exact. Joe is the discoverer of The Law of Charts?, and is famous for the Ross hook? and the Traders Trick Entry?.
Trading Educators, Inc.
Trading Educators was founded in 1988 by Master Trader Joe Ross. He is the president of Trading Educators and actively supports his customers with his experience of more than 47 years of trading.
The Team at Trading Educators is composed of an international blend of experienced traders, all educated and proficient in the Joe Ross methods. Our professional staff trades regularly in the markets.
Since its foundation Joe Ross and the Team at Trading Educators have taught thousands of satisfied customers who use Joe's concepts to produce significant profits in today's markets.
 Google News Updated : Mon, 06 Oct 2008 08:48:30 GMT OJ Simpson jury: Tapes did football legend in - New York Daily News
New York Daily News - BY NANCY DILLON Jurors, including Dora Pettit (with mike), say they set aside personal feelings and based guilty OJ Simpson conviction on facts. Video: OJ Jury: We Didn't Need Witnesses to Convict OJ Simpson jurors say secret recordings were key Publ.Date : Mon, 06 Oct 2008 06:25:31 GMT SNL Rides High on Campaign Satire - Wall Street Journal
Wall Street Journal - By REBECCA DANA NBC's "Saturday Night Live" drew another crush of viewers this weekend, with approximately 10 million tuning in to watch comedian Tina Fey's latest sendup of GOP vice-presidential candidate Sarah Palin. Media annoyed with Palin talk Kirby: Your candidate kicked butt Publ.Date : Mon, 06 Oct 2008 04:01:52 GMT Patriots show their heart in San Francisco - Boston Globe
Boston Globe - By Christopher L. Gasper SAN FRANCISCO - No matter how famous the offensive coordinator, how innovative his game plan, or how dangerous his offense there is one little simple rule of football that will stop any attack - if you don't have it, ... Niners can't solve Patriots' clock-grinding ground game Purdy: Time for a change on 49ers defense Publ.Date : Mon, 06 Oct 2008 07:45:54 GMT Carolina 34, Kansas City 0 - Detroit Free Press
Detroit Free Press - CHARLOTTE, NC -- DeAngelo Williams rushed for 123 yards and scored three TDs, and the Panthers handed the Chiefs their first shutout in nearly six years. Week 5 Revelations NFL: Panthers 34, Chiefs 0 Publ.Date : Mon, 06 Oct 2008 07:35:14 GMT Bailout Provides More Mental Health Coverage - New York Times
New York Times - By ROBERT PEAR WASHINGTON - More than one-third of all Americans will soon receive better insurance coverage for mental health treatments because of a new law that, for the first time, requires equal coverage of mental and physical illnesses. Kevin Cullen Benevolence amid an orgy David McMillian: Mental illness can strike anyone, anytime Publ.Date : Mon, 06 Oct 2008 06:25:13 GMT Sony Expands E-book Reader Range - PC World
PC World - Sony is introducing a second electronic book reader to its range in the US that comes with upgraded hardware and will go on sale in November. Kindle 2 pictures leaked: Same size, redesigned package Sony PRS-700 E-book Reader: touch-screen display Publ.Date : Mon, 06 Oct 2008 02:22:07 GMT Google and Yahoo Ad Deal Delayed - Washington Post
Washington Post - By Peter Whoriskey Google and Yahoo will delay implementation of their joint advertising deal to give antitrust lawyers at the Justice Department more time to review the agreement, the companies said yesterday. Google and Yahoo Delay Ad Deal for Antitrust Review Was the Yahoo-Google Deal a Ploy To Weaken Yahoo? Publ.Date : Sat, 04 Oct 2008 04:54:43 GMT Increased Website Traffic |
PARLOT::Ebooks, Scripts,
Websites, and more... Forex trading, or foreign currency trading, has become a bit... Read More Forex option brokers can generally be divided into two separate... Read More The European Union (EU) constitution was dealt a double blow,... Read More There are some common mistakes I've seen traders make in... Read More One of the best kept secrets in trading is that... Read More There is one aspect that is considered as one of... Read More With every passing year the interest in electronic trading is... Read More The forex options market started as an over-the-counter (OTC) financial... Read More Forex made easy is as simple as you would want... Read More Could it be possible that you are staring right into... Read More RULE #1) ~ Cut your losers; let your winners ride.One... Read More I am reading a fantastic book on trading, first published... Read More The recent upheavals in the world financial markets were quelled... Read More Most traders use a FOREX broker to handle their transactions.... Read More Most new traders tend to focus just about all their... Read More Foreign exchange currency trading is also known as Forex trading,... Read More The simplest definition of currency trading is the practice of... Read More Are you looking into a career in day trading? In... Read More So you have learned how to trade the markets by... Read More ISO 4217 is an international standard describing three letter codes... Read More Forex, or Foreign Exchange, is the simultaneous exchange of one... Read More Everyone trades a little differently. The trading method outlined below... Read More Below I will describe three basic principles that may come... Read More What is Forex Trading?Forex, or Foreign Exchange, is the simultaneous... Read More IntroductionThe exchange rate refers to the value of the US... Read More
Adsense
websites
Forex Trading Can Be Like Day-trading
What are Your Options Regarding Forex Options Brokers?
Crisis of Confidence in the EU
Money Management, Part 1
The Secret of Reduced Margin Spreads
The Margin Advantages of Trading FOREX.
Internet and Computer Systems in the FOREX Business
Forex Options Market Overview
Forex Made Easy for Everyone
Assessing the Opportunities Presented by the New Iraqi Currency
Two Timeless Rules in FOREX Investing
The Yin and the Yang of Markets
Financial Crises, Global Capital Flows and the International Financial Architecture
How To Choose Wisely A FOREX Broker
Day Trading Success- The Key Is Survival
Online Forex Trading
New Opportunities with Forex Trading
Exploring the World of Day Trading
Trading Tips No 1: Learn How to Trade The Moment of Truth
ISO 4217 in Forex Trading
What is Forex Trading?
10 Steps To Professional Day Trading
Be a Smarter FOREX Currency Trader: Three Basic Principles
Forex Trading - Advantages and Disadvantages
Factors Influencing a Currency Pair Exchange Rate
Affordable and Reliable Web Hosting Starting at $4.49/Month
An Evaluation of the Devaluation
A Minister of Finance is morally right to lie about... Read More
E-currency Exchange Trading
If you are reading this article you are probably one... Read More
Forex Currency Trading
It is possible to buy and sell money from different... Read More
Trading Profitably on the Foreign Exchange Market
You may be asking yourself "how does one begin to... Read More
Trade Exit - How To Cut Losses And Let Profits Run
Cut your losses short and let your profits run. This... Read More
Forex Signal, Forex Signals Advice
There are lot's of Forex signals providers out there. New... Read More
Two Timeless Rules in FOREX Investing
RULE #1) ~ Cut your losers; let your winners ride.One... Read More
Advantages of Trading FOREX Over Stocks and Commodities
There are many advantages to Trading FOREX as your main... Read More
Example of a Profitable Transaction in FOREX
To make a profit, in the FOREX, a trader can... Read More
The Yin and the Yang of Markets
I am reading a fantastic book on trading, first published... Read More
Your Mother Could Make Money In Forex Trading
The question would be not whether she could but rather... Read More
Day Trading the Index Futures - How to Judge Good Entries
QUESTION: If the SP futures fall through support and go... Read More
Day Trading Success- The Key Is Survival
Most new traders tend to focus just about all their... Read More
Forex Trading - Advantages and Disadvantages
What is Forex Trading?Forex, or Foreign Exchange, is the simultaneous... Read More
Option Arbitrage in the Forex Market
What is arbitrage? Arbitrage is the simultaneous buying and selling... Read More
Forex Broker Involvement Optional
To trade on the forex market, the largest financial market... Read More
Dont Deny Reality
If you want to be a successful trader, you must... Read More
Options Trading - Advantages and Disadvantages
What is Options Trading?An option is simply granting someone the... Read More
Be a Smarter FOREX Currency Trader: Three Basic Principles
Below I will describe three basic principles that may come... Read More
Chinas New Currency Regime
The base unit for the renminbi is the yuan, which... Read More
Reality of Online Forex Trading
Foreign exchange trading is the trading of currencies. Most currencies... Read More
Crisis of Confidence in the EU
The European Union (EU) constitution was dealt a double blow,... Read More
Forex Options Market Overview
The forex options market started as an over-the-counter (OTC) financial... Read More
How To Handle A String Of Losses
Everybody hates to lose and unfortunately no one is blessed... Read More
FOREX - Where Fortunes Are Made Everyday
The Foreign Exchange Market ? better known as FOREX -... Read More
Currency Trading |