Words have always fascinated me, their origin, meaning, and use in sentences. When I come across a word that I’ve never heard, or don’t know the meaning of, I immediately go to the Dictionary app on my phone to look it up. Once I learn the definition, I begin to incorporate it into my vocabulary (much to the annoyance of my wife and kids) and also in my writing.
One word that I think perfectly describes trading with a plan and discipline is “deliberate”. In most dictionaries, “deliberate” is defined as “carefully thought out, slow, careful, and methodical.” Other synonyms used are “calculating,” and “by design.” You see why this is such a great word for traders? Now, when thinking about your trading, is it deliberate? Or, is it more like the antonyms of deliberate used in the thesaurus. Those would be words such as impulsive, unmethodical, or by chance.
In order to trade deliberately one must have a well-defined strategy. This is an issue many traders struggle with, as there is so much information out there that it’s hard to figure out what to use. Narrowing down all that information to a set of well-defined rules is the key to being… Continue Reading
