Only Trading Discipline Can Determine Whether You Make A Fortune Or Go Broke!

The goal of any trader is to make consistant money and grow the account. But in reality very few traders make consistent money. Many lose all their capital and quit. Why?

Trading is infact a mind game. Trading is all in your mind. Many traders don't realize it. Consistent winners think differently from anyone else. Whether you trade stocks, forex, options, commodities, futures, bonds, ETFs or anyother security, you need trading discipline in your trading decisions.

Let's take another example. Richard Dennis. Richard Dennis was a small time commodity trader who had started with onyl $400 and ended up making $200+ M in the commodity market. He was a firm believer that anyone could become a great trader if he or she had the mental discipline.

Richard Dennis used to say that he could give his trading rules that made him a fortune to anyone or even publish them in the newspapers. But as long as someone did not apply it consistently with discipline under all market conditions, those trading rules were useless.

When you trade, your worst enemy lies within you. Yeah, your emotions are your worst enemy in trading. We all have fear and greed lurking within us. As long as we are not able to master this fear and greed within us we cannot become a winning trader.

What is fear? The fear of losing your money in the market. You want to make money but at the same time you don't want to lose. Losing is always painful. So this fear is going to stop you from entering into a trade when the trading signal is telling you that it is the time to get in.

So you keep on waiting. The opportunity slips away. This is what fear is. Now, let's take the opposite example. You have a few winning trades. You made a profit but in hind sight, you think that you could have more profit. So the next trade you want to make for a big profit. You are greedy now.

You become greedy. You throw caution to the wind. You enter the market, you want a bigger pie of the profit the market will give you this time. When you need to get out, you are hesitant. You want more. The market turns against you on this. You lose!

If you are like most of the traders who don't believe that your trading problems are the result of what you think about trading, I don't blame you. You thoughts are what you are. Your emotions are just a menifestation of your thoughts. Control your emotions and rule the markets.


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Mr. Ahmad Hassam has done Masters from Harvard. Download these 3 great FREE Trading Discipline audios by Norman Hallet! Learn this powerful Fibonacci Retracement method FREE that makes money anytime instantly;