Norman Hallet of The Disciplined Trader has long been touting just that, discipline in trading. Today Norman shares an experience that I have a feeling many traders can relate to on many levels. Perhaps you've had a game plan, but panicked and couldn't stick to it when things were looking down, or maybe even up? Either way, I think you'll enjoy a peek into his mind and learn something from his perspective that you can apply to your own trading.
We hope you enjoy the article and if you have a moment, share your own experience in our comments section.
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Dawn is just breaking and a few early birds are chirping their little heads off. I let the dogs out for some overnight relief and get the coffee started.
I walk past the TV-tempted to turn it on and see what new disaster or murder took place overnight - but stick to the plan.
I walk over to the small waterfall I had constructed in the breakfast room and turn the pump on and the soothing sound of water gently cascading over artificial falls fills the small room overlooking the garden. Continue reading "Who REALLY Pays When Trading Discipline is Broken?"
