subject: Trading Discipline 4 Classic Special Reports That Can Make You A More Confident Trader [print this page] Without becoming a disciplined trader, you are doomed from the very start in your trading career. Just like before doing anything in life, you need discipline, in the same manner in trading you need a lot of discipline too. Now, when we talk of trading discipline what do we mean by it?
Trading discipline means your ability to control emotions in making trading decisions. You see as a trader, you will be always be in the grip of either fear or greed. If you have made a number of winning trades, you might become greedy in your trading.
You might have observed that you had been leaving pips on table, just to be on the safe side of the market. You had been getting out early so that you might not get caught on the wrong side of the market. After making a number of winning trades, you think you should grab more pips so you become greedy.
When you become greedy, you have increased your probability of making a losing trade or in other words, you have heightened your chances of making a losing trade. Now, you want to grab more and more pips. Good traders always manage risk first and only later on think of taking profit. But now, you are thinking of taking profit first and managing risk later.
In the same manner, making a number of losing trades may make you fearful of the market. Now, even if there is a high probability trade staring in your eyes, you are afraid of pulling the trigger. You are not sure of yourself. You don't want to pull the trigger when the time comes. You try to delay it, fearing that you are going to make another losing trade.
Then as a trader, you have to guard yourself against overtrading. You see, over trading is another enemy that lies within you just like fear and greed. Now, without overcoming these emotions in your trading, you won't be able to become a successful trader. But how to overcome these emotions?
Meet Norman Hallet. Norman Hallet is considered to an authority on trading discipline. On and off he keeps on releasing complimentary reports on trading discipline that are eagerly awaited by the trading community. Last time, he had released audios on trading discipline. This time, he has released 4 Classic Special Disciplined Trader Reports on 4 unique aspects of trading discipline that you need to master.
Now, let's discuss these 4 Classic Disciplined Trader Special Reports in detail:
** Many trader want one big trade that can make them rich. They constanty look for the opportunity to make that big trade that will make them a lot of pips something like a few thousand pips. Now, chances are this big one trade can wipe your trading account more easily as compared to making thousands of pips for you. In the first Disciplined Trader Report, Norman Hallet will show you how to dodge that big one trade so that your account grows steadily over time. What you need to learn is how to make consistent small winners over time that will compound your capital into a fortune overtime.
**How to overcome the fear of pulling the trigger when exiting a trade? This is very important. Many traders keep on sticking with the trade when they need to get out. Ultimately they get their fingers burnt when the market turns against them suddenly. Norman Hallet will show you how to overcome the hesitation to pull the trigger when the time comes in this Disciplined Trader Classic Special Report.
**Many traders are afraid of losing. Afterall who wants to lose real hard earned money. This makes you trade with less and less confidence that ultimately makes you make more losing trades. Whatever, in this report, Norman Hallet will show you six elements that can help you develop a positive state of mind.
**The last report will show you how to stay focused with the trading plan. You need to download these 4 great FREE reports on trading discipline by Norman Hallet and devour them if you really want to become a winning trader. Without becoming a disciplined trader, you will never be able to become a successful trader!
Trading Discipline 4 Classic Special Reports That Can Make You A More Confident Trader
By: Ahmad Hassam
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