Factors that Affect Trading Discipline
As you know, fund management does not help secure your account, but discipline in your capital management plan as well as your new strategy is really key. In practice, discipline is not easy, because many different factors such as …
1. Trading Space
Trading space / trading environment is usually a room, or a cafe. With the flexibility of trading, traders almost do not bother about where they trade. As long as there are lap and 1 internet connection not lag, jerk is the millet. That is the advantage, but also the downside. Because traders can ignore the importance of the space they are using to trade. If your trading room is too hot, or too noisy, it is not a place to trade. You will quickly be distracted by the surrounding elements that distract from the story going on the chart. This annoyance will make trading discipline unstable.
2. Time fund
Once again the flexibility of trading again. Trading theoretically you can trade at any time, as long as the market conditions are right for you. And that is the point worth noting, trading requires you to trade the right time, because you only have the opportunity to order in certain market conditions.
Trader is usually part time so time funds are sometimes difficult to manage. But if you let time affect the trading, it is difficult for you to discipline the trading system. Make sure you manage your time carefully before thinking about opening the lap.
3. Trading skills
Trading skills are also an important factor affecting discipline. Often the newbie, perhaps because of the rush, did not practice well enough. They rushed into the real estate market. Even if the plan is on hand, they will quickly break the law because even the tree on the chart is doji or pinbar confused how to keep the discipline.
4. Plan
Discipline after all is the skill to follow and keep the trading plan. If you want to keep your discipline, you first need an effective plan. Do not copy and immediately apply someone else’s plan if you do not understand what the plan says and what it does. Even your own plan, you should also thoroughly test everything on the demo before bringing it to live trading.
5. Mood
This factor is psychological. You do not trade in unstable days or moments, such as being cheated by the boss, or it’s raining, laptop damage, etc. Do not trade those times because 90% of your ability will be negative emotions influence, that emotion is the enemy of discipline.
— — — — — — — — — — — — — — — — — — —
WEBSITE
=> https://kriptoa.com/
TELEGRAM
=> https://t.me/KriptoA_com
FACEBOOK
=> https://www.facebook.com/KriptoA
INSTAGRAM
=> https://www.instagram.com/kriptoa_com
TWITTER
=> https://twitter.com/KriptoA_com
REDDIT
=> https://www.reddit.com/user/KriptoA_com
MEDIUM
=> https://medium.com/@KriptoA
