- Discipline is doing whatever needs to be done to achieve your goals. You do what needs to be done whether or not you feel like it.
- If I have a goal, then my actions support that goal. If I don’t act upon my goal, then I’m just wishing. Successful traders know what needs to be done, and they do it. No excuses. No evasions. Simple, clean thought and action.
- If you’re trying to do or not do something in your trading and you’re not succeeding, you need to shift something. Ask yourself, “What would I need to believe in order to do or not do this?” “How would I have to interpret this event in order to handle it differently?” “What are my real underlying intentions in regard to this situation?” “How would I have to feel about myself in order to succeed at this?”.
- Don’t try and try again. Do something different. Discipline is doing, not trying. Change your interpretations, modify a belief, alter your guidelines, allow yourself to feel differently about the consequences of the behavior you’re trying to do or not to do.