Trade Aptitude

Three celebrated authors on trading success, Mark Douglas, Van Tharp, and Alexander Elder, all agree that one aspect of trading is crucially important: 

"The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading." - Mark Douglas

"Successful trading is not about being right; it’s about being disciplined. Discipline is the ability to follow one's trading plan, regardless of emotions or external influences." - Van K. Tharp

"Discipline is the bridge between goals and accomplishment in trading. It's the ability to stick to your plan even when fear, greed, and doubt try to derail you." - Alexander Elder

How does one become disciplined? According to trader psychologist Dr. Brett Steenbarger, “Loss of discipline is not the problem. Loss of discipline is the result of a problem, and we have to diagnose that problem to figure out how to address it.”

And once you’ve diagnosed it, Willpower author Roy Baumeister suggests "The best way to increase willpower is to practice self-control in small ways every day."

It’s incremental. Start with easy tasks striving for doable goals. Gradually increase. You’ll be amazed at how quickly your discipline improves.

Our trading teams focus on multiple strategies for day trading futures and high-probability candidates for swing trading options. You can learn either or both risk-free. Join us.

To your trading success,

Mike Siewruk

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