Hello everyone. Have been putting my thoughts on the discipline aspect, and here is the write up on that. It may come-up nonexciting, but trust me, the key lies in giving a thorough thought on this critical aspect.

The success that a trader achieves in the markets is directly

correlated to one’s trading discipline or lack thereof. Trading discipline is 70% of the game. The formula is very simple: Trade with discipline and you will succeed; trade without discipline and you will fail. Simple and yet very difficult to follow..

1. THE MARKET PAYS YOU TO BE DISCIPLINED: Trading with discipline will put more money in your pocket and take less money out. Be disciplined every day, in every trade, and the market will reward you. But don’t claim to be disciplined if you are not 100% of the time

Discipline = Increased profits. Consistency builds confidence and control. Be consistently disciplined

2. ALWAYS LOWER YOUR TRADE SIZE WHEN YOU’RE TRADING POORLY. if you are trading poorly with two lots you must lower your trade size down to a one lot. If you can’t trade

one lot successfully, no point trading 5 lots. Every trader should earn the right to trade bigger.

3. NEVER TURN A WINNER INTO A LOSER: No one trade should make or break your performance for the day. Don’t be greedy. I've have violated this rule many a times and have paid huge

price.

4. LEARN TO SCALE UP WINNERS: The net effect of scaling out of your winners will be an increased average win per trade while keeping your losses to your pre-defined risk parameters.

5.YOUR BIGGEST LOSER CAN’T EXCEED YOUR BIGGEST WINNER: If you do allow a loss to exceed

your biggest gain then, effectively, what you have when you net out the biggest winner and biggest loss is a net loss on the two trades

6. BE YOURSELF, DON’T TRY TO BE SOMEONE ELSE: Very important to understand the kind of trader you are. Learn to accept your comfort zone

as it relates to trade size. You are who you are. Don’t get excited with MTM screenshots (Noise)

7. BE ALIVE FOR THE NEXT DAY. You always want to be able to come back and play the next day. Never put yourself in the precarious position of losing more money than you can afford.

The worst feeling in the world is wanting to trade and not being able to do so because the equity in your account is too low (been through this a lot of times)

8.THE FIRST LOSS IS THE BEST LOSS. Get out of your losers quickly. It will save you a lot of trading and emotional

capital. You should never average down your losers. Accept the fact that you are going to have losing trades. Not all trades will be profitable in a given timeframe

9. DON’T HOPE AND PRAY. IF YOU DO, YOU WILL LOSE. When I was a new and undisciplined trader, I can’t tell you

how many times that I prayed to the God. My prayers were a plea to help me out of a less-than-pleasant trade position. I would pray for some sort of divine intervention that, by the way, never materialized. I soon realized that praying to the God or any other FUTURE God was a

wasted exercise. Just get out!

10.NEVER TAKE A BIG LOSS. ONLY A BIG LOSS CAN HURT YOU: Big losses prevent you from having a winning day. They wipe out too many small winners that you have worked so hard to achieve. Big losses also kill you from a psychological and emotional

standpoint. It takes a long time to get the confidence back after taking a big loss on a trade.

12.DON’T OVER ANALYSE - PROCASTINATE - HESITATE. If you do, you will lose: We don’t get paid in this business unless we put the trade on. Don’t overanalyse the trade.

Place the trade and then manage it. If you’re wrong, get out. But you’ll never be right unless you actually make the trade

13.DON’T SPECULATE. If you do, you will lose. Don’t be a speculator. Be a trader. Short-term scalping of the markets is the answer.

The probability of a winning day or week is greatly increased if you trade short term: small winners and even smaller losses.

Last but not the least

14.ALL TRADERS ARE EQUAL IN THE EYES OF THE MARKET. The market moves wherever it wants to go. It does not care about you or me

It does not play favourites. It does not discriminate, neither it intentionally harms any one individual. The market is always right. You must learn to respect the market. The market will mercilessly punish you if you do not play by the Rules and don't have a discipline..

Am sure, there would be many more, feel free to pitch in, so that it may be worth looking at in time to come. Hope this helps or rather cautions newer trader. Learn from the mistakes of others than doing it yourself. Not needed.

And if you find it’s worth the read, do RT so it reaches as many newer traders as possible..thank you