If there's a unmarried subject that dominates discussions of trading psychology, it's discipline.
Traders are routinely encouraged to command their emotions, stick to their processes, cash inwards one's chips on journals, whatever. If you lot lapse inwards your trading, it's because you're non sufficiently disciplined. Call it the puritanical approach to trading: if you lot don't stick to the conduct together with narrow, yours is a failure of willpower together with commitment.
Research provides us amongst a dissimilar picture, however.
Discipline: Cause or Effect of Trading Problems?
Traders are routinely encouraged to command their emotions, stick to their processes, cash inwards one's chips on journals, whatever. If you lot lapse inwards your trading, it's because you're non sufficiently disciplined. Call it the puritanical approach to trading: if you lot don't stick to the conduct together with narrow, yours is a failure of willpower together with commitment.
Research provides us amongst a dissimilar picture, however.
Discipline: Cause or Effect of Trading Problems?
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