Discipline Is Number One


Creating a system and sticking with it is one of the hardest lessons. The struggle is shared across the trading world. An excerpt from “The Little Book of Trading”:

If you learn anything from this book, let it be the simple lesson: Stick with it. There will always be distractions: Breaking news banners, surprises, and unpredictable chaotic events are everywhere, but you can’t let yourself be fazed. Here is one big secret: Top traders don’t pay attention to that stuff. They have found, through hard work, diligent study, and perhaps a little luck— that their ability to stick with a trading plan is far more important than knowing or worrying about what their neighbor is doing.