Trading with More Discipline: Develop a Trading Plan; Part 2 ✊
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Trading with More Discipline: Develop
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.
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Developing Patience and Knowing when to Trade ###
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