5 Tips for Becoming More Self-Disciplined

When we think about successful trading, we often focus on the mechanics of finding a trade entry, managing the trade and then closing it for a profit or a loss. The reality is, that’s only a small part of the overall trading process.

Before all of that, we have the hours and hours of learning time; of being focused and deliberate in our practice and studying. After that, even when we’re trading, we have to commit to hours of planning and preparation time each week.

It’s not just about executing the trades, there’s so much more.

However, a lot of traders struggle with the discipline it takes to perform like a professional. Learning in the right way, performing thorough analysis each week, making use of their trading journal. If you can’t commit to doing what’s needed and, instead, look for shortcuts, you’re going to end up losing in the long-term.

Fortunately, self-discipline is something we can develop by putting in a bit of work. Let’s go through five key tips that you can use right away to start building up that calloused mind.

#1 — Developing New Habits

Studies have shown that, on average, people can develop a habit by performing an activity consistently for 66 days. Obviously, this will vary somewhat depending on the person…