Are You An Undisciplined Trader?

Cobra Trading, Inc.
Feb 26, 2018

“Our goals can only be reached through a vehicle of a plan, in which we must fervently believe, and upon which we must vigorously act. There is no other route to success.” -Pablo Picasso

Know this: A winner against your rules is really a loser.

One of the worst things that can happen to a trader is to win on a move that goes against his/her trading plan. When you are undisciplined and are willing to go against your trading plan and benefitfrom it, chances are you will most likely do it again. This can be very dangerous. In reality, you are better off suffering a loss while deviating from your plan in order to drive that negative experience into your mind hopefully preventing you from doing so again in the future. Make anything that falls outside of your plan and strategy absolutely off-limits.

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