How To Practice Part II: Learning Through Consistency and Discipline

Consistency and discipline with your method are more important than searching for more methods. In How To Practice Part I: I spoke about how our perception of markets gets distorted, and how that affects our skill with markets. No matter how much technical analysis we learn, we will continue to react in the same ways unless our experience of markets changes. The way we begin to change how we think about and see markets can be done through a practice of consistency and discipline. In this video, I show a practice of doing a series of trades the exact same way every time regardless of the result or how we feel. That means knowing ahead of time how we and where we enter, where we put a stop, how we manage the trade, and where we exit. Doing things in a focused and consistent manner will bring personal insight into markets and about yourself.

Discipline and Consistency in Trading

By changing the structure of our mental environment, we change how we experience markets, trading, and loss. Through discipline and consistency, we can wear through the ingrained habits that affect our trading results. You may have learned and know a lot about the technical side of markets, but you may still, end up with inconsistent results in your actual trading over and over. We need both technical knowledge and the ability to execute that knowledge consistently.