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HI Brent,
Discipline can mean alot of things but I would say without definate
rules..It will be very hard to trade successfully. These rules must be
consistant and followed. They should consist of many facets.. such as money
management.. risk management ..a plan to get into a trade.. a plan to exit.
In short a very thought out game plan that doesn't deviate. This way you
see a situation.. it is familiar and you trust yourself to take the trade.
Without this one would be just gambling and would get easily fustrated.
At 08:06 AM 5/1/98 -0600, you wrote:
>RT's & angus,
>
>The first image that pops into my mind when I hear the word discipline is
>of a group of soldiers marching in a ridged formation. Now I see from
>looking at a dictionary that there is a verb and a noun for the word
>discipline. One meaning supplied for the noun is "control gained by
>enforcing obedience or order" a synonym is self-control.
>
>It would seem that all this time I have been thinking of the verb meaning 1
>: to punish or penalize for the sake of discipline 2 : to train or develop
>by instruction and exercise especially in self-control 3 a : to bring (a
>group) under control <discipline troops>. To me it seems like the opposite
>of self control to mechanically put on a trade because a system gave a
>signal. A chicken will learn to play a few notes in response to a light
>coming on if it knows that it's going to get food if it does. Is that
>discipline and if so which kind?
>
>Brent
>
>----------
>> From: angus@xxxxxxxxxxxx
>> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>> Subject: SYSTEMS
>> Date: Friday, May 01, 1998 5:01 AM
>>
>> Hi Ben,
>I believe aberration stands the possibility to make
>> money over time ..but it really works on discipline. You must be
>> disciplined and follow all the signals.
>
>
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