Discipline Articles

Showing Articles 1 - 15 out of 76 found.

In Wild Markets Like These, Take A Page From Seneca The Stoic


Volatility is back. And it’s back in force. We can thank Brexit for getting the ball rolling. A majority of investors get killed in markets like this. But it’s not because they have a bad investment strategy. It’s because they don’t...

June 29, 2016

Sometimes The Best Move Is To Sit Still


Michelangelo once said, “genius is infinite patience.” The best traders understand this truth on many levels. Markets are dominated by periods of time where there is “nothing to do.” There’s no clarity, just a bunch of noise. It’s...

May 17, 2016

Discipline Out The Window?


It’s a tough market out there. Although the VIX at 19.61 doesn’t reflect any real fear, for intraday traders the whipsaws in index-correlated names have been extreme. Moreover, most traders and investors are psychologically unprepared...

December 10, 2015

What Does Personality Have to Do with Trading Success?


Does personality have anything to do with trading success?  This is a question that a great many of us have asked, and it’s not readily answered.  I spent over five years failing in trading before I was able to see what had hindered...

August 05, 2015

Mastering the Emotions of Trading:Harnessing Emotion and Thinking for Highly Effective Trading


“Trade what you see, not what you feel.” This axiom of trading seems so right, it is undeniable that all traders need to strive to achieve it.  The only problem with this oft quoted remark is what you see is influenced by what you are...

April 24, 2015

Trader Development, Four Things Traders Need To Know


I have traded since 2001. Since that time I have come to understand that the most difficult thing to understand about trader development is the skills traders need to develop first have, on the face of it, nothing to do with trading....

April 16, 2015

The Six Phases of Trader Development


There is a natural six-phase learning process many traders go through on the road to trading mastery. Not everyone completes the process, however, but knowing the developmental roadmap might help you stay the course during darker...

March 02, 2015



The unpredictable nature of the stock market is sometimes likened to a game of chance, and there are many similarities between Wall Street and Las Vegas. In both instances, participants put capital to work in a risky environment. The...

February 20, 2015

Our Inner Neanderthal


I’ve noticed in my male clients, and in myself, a tendency to chase price. It’s the primitive hunter in all of us. Chasing was what we had to do when we lived on the Savannah because animals fled at the sight of us and our weapons had...

February 06, 2015

Learn To Navigate Your Assets In Times Of Big Change


One Risk Aspect Often Overlooked When Assessing Risk There are many aspects to trading risk. The risk to capital exposure due to excessive position size relative to one’s stops is obvious. Co-relation of your positions in today’s...

January 28, 2015

Do you Need Overtaders Anonymous?


If I were to start a chapter of Overtraders Anonymous, I doubt anyone would come to the meetings. Those qualified to attend would be … trading or engaged in some other risky activity. This would be the case, even though...

November 12, 2014

Do You Hold on to Losers?


If you are an active trader or investor and find yourself holding on to losing positions, you are not alone. Behavioral-finance research indicates there is a strong tendency for traders and investors to sell winners too soon and keep...

November 05, 2014

“Resistance is futile.” Don’t go there! I am not a Trekkie, but I have seen all the TV episodes and all the movies (I think), so I am familiar with the Borg, the space folk who take over the collective minds of other civilizations....

October 30, 2014

Perseverance And Trading Success


“If you are going through hell, keep going.” --Winston ChurchillIf you are reading this article then you most probably chose trading as your career. It is the most rewarding business that I can even think of but also it can be one of...

June 24, 2014

#1 Key To Successful Trading


Discipline according to Wikipedia is the assertion of willpower over more base desires, and is usually understood to be synonymous with self-control.  In working with hundreds of traders over the years I see this quality as the major...

April 16, 2014
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