Monday, December 28, 2009

Trading Discipline

I was discussing with one our traders last Saturday and a very interesting point that I felt that I must share.

In our journey of learning how to trade, it is extremely common that we would blame ourselves for not being discipline.  Is it really the case?  We recollected our experiences, through courses that we have taken up, books that we read, information from the internet, we gathered the "fact" that as a trader we must be discipline.

It is ultimately true, but before we can learn to be discipline, the actual steps is to learn the right skills, build it up through experiential learning and become aware of what we know.  And not blindly follow rules and call it discipline. 

It's like in the army, I would not just order my soldiers to follow orders, but to explain to them the rationale and get their understanding before issuing an order (whenever possible).  If it's blind orders, soldiers tend to be rebellious or perform the required in a haphazard way.  The same would be applied to ourselves as a trader.

At the end of the day, trading is still about knowledge and skills as our foundation.  

It is not about finding a system or strategy.

1 comments:

sean said...

"Awareness brings its own discipline like a shadow, and then discipline is beautiful. Then it is not slavery, then it is harmony. Then it is not as if enforced, then it is flowering out of your won being,a blooming" OSHO