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Successful traders are always disciplined. Discipline as a success factor is mentioned in almost all the trading books, she also became the subject of separate classic works such as "disciplined trader. gave the correct signals in 85% of cases. It is possible that this relationship is maintained in the future. But maybe not. Unforeseen factors such as changes in general market conditions, may have a negative impact on your strategy. Lack of discipline will make the situation worse.

Imagine a strategy at work, on which the success rate is high enough. Unique opportunity to benefit from the law of large numbers – it's like to work may be more similar cases in accordance with the settings of your trading plan. Disciplined traders trust strategy is enough to send their funds for the implementation of the plan and have a good chance capitalized on the chances. Unruly as a trader, in contrast, are all kinds of wind. He should be trading plan sporadically, often breaking it. Discipline – a key success factor, but not everyone can support it at a sufficient level. Success requires that you brought up in his self-control.

One reader of my columns on the psychology of trading once said: "You talk a lot about simple things. Why do you think it is difficult to stay disciplined? You create a trading plan and follow it. What's hard? ". I must admit that it really sounds simple. We are developing plans constantly, and very often do not follow them of particular difficulty.

The market always has a definite direction. It is important to understand the 'spirit' of the market and the majority of positions open in the direction of the prevailing trend. Other friends, except for a trend in the market more net.Ne peaks catch – catch Strategy The first statement is more of a playful nature of the axioms. Find out detailed opinions from leaders such as Ben Horowitz by clicking through. The basic meaning of the market is precisely to buy at the bottom and sell at the top. It is important to correctly identify the time of entry into the market – where low, and where the top. For Novice traders should try to determine rather than the top or bottom of the current trends, and to correctly understand the dominant mood of the market and build my game from that perspective. In this sense, the last statement common with previous ones. In order to successfully play in this market need rather to predict correctly the expectations of its members at any given time, rather than build a 'right' with the academic and technical points view forecast of rynka.Ne trades on the schedule – the decision should mature to predetermine the action script.

Act responsibly. A very important point in trading is to determine the moment of entry into the market, and also, of course, and exit the trade. Do not enter the market at the unclear situation, or, if occurring fluctuations do not fit in none of the expected scenarios and also try to capture opportunities previously open positions, since precisely in periods of chaotic motion is greatest risk of loss. .