Discipline in trading stocks

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I recently had a trading buddy of mine lament about his struggles to stay motivated. He held me up as his model of a well-disciplined trader. Presenter of the Tensile Trading DVD, Stock Market Mastery. Developer of the StockCharts.

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Why You MUST Master Patience & Discipline When Trading Stocks -

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Commentary John Murphy Martin Pring Arthur Hill DecisionPoint Webinars. Additional Resources Store Members Terms of Service Privacy Statement Site Map. Click here to see the live version. The Traders Journal A Trader's Discipline: How I Stay the Course Gatis Roze December 26, at I am a man of routines. No doubt all those years of doing two workouts a day as a track athlete ingrained in me a certain internal momentum.

As a runner, I maintained my competitive advantage in races because of my daily discipline. The correlation was clear and unambiguous. I loved the athletic rewards, and I was able to focus on those rewards during my 6 AM workouts.

With trading, I love a winning trade. I focus on that as I run through the 6 AM routines at my desk.

I always take a breather — sometimes within the trading day, other times after the markets close. Read the Stock Traders Almanac and you can guess which months I pull back.

When I jump back into the markets full-time each Fall, I invariably approach my work with recharged vigor and a refreshed outlook.

This rejuvenation in part explains why I teach college stock market classes in the Fall. Those of you who are parents know that there is no greater reward than to have your own child embrace a similar work ethic.

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When I identify any negatives, I pledge to remove them from my life if they threaten my well-being, my performance or my motivation. If I can honestly tell myself that I did a commendable job over the past year, then I reward myself which usually has something to do with cars.

Thank you to all of you. Hinckley Trade well; trade with discipline!

Gatis Roze , CMT, holds an MBA from the Stanford Graduate School of Business and is a past president of the Technical Securities Analysts Association TSAA. A full-time investor for over 25 years, he has taught sold-out investment courses throughout the Pacific Northwest and beyond since Gatis is a co-author of the recently-released Tensile Trading: The 10 Essential Stages of Stock Market Mastery , published by Wiley.

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Grayson Roze is the author of Tensile Trading: The 10 Essential Stages of Stock Market Mastery Wiley, and Trading for Dummies, 4th edition Wiley, He has worked in the financial services industry for StockCharts.

He holds a Bachelor's degree from Swarthmore College. Subscribe to The Traders Journal to be notified whenever a new post is added to this blog!

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