MAKER'S OF MODERN TRADER!


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     GETTING STARTED
 
 
   GETTING STARTED || STRATEGIES || INFRASTRUCTURE ||TRAINING || FOOG FOR THOUGHT || DISCIPLINE
   PIT FALLS TRADING || TRADING ROOM || GREATEST INVESTOR || STOCK MARKET HISTORY || CHECK LIST
MAKER'S OF MODERN TRADER

DISCIPLINE:-

Education at Stockleela Trading school will result in the ability to learn how traders make money, not to make it one day and give it back the next! Most importantly to learn and understand the discipline of good money management.
We designed a site which offers traders, such as yourself, reliability, dependability, a friendly environment and at the same time accomplish positive RESULTS!

If you understand successful traders, you will find that one common trait among survivors and winners is discipline, adherence to a trading plan is an easy way to insure disciplined trading.
Trading plan should represent codified common sense, experience, research, and as an absolute last resort, optimization. Of these, common sense is the most important, since ,it can transcend the limited time horizons of our experience and historical research.

If you ask any of the most profitable traders, they will almost always tell you that the reason they are profitable is because they are so disciplined. Without discipline, the market will eventually take money ,what ever you have. The more difficult the trading environment, the more important it is to be disciplined, which is why so many inexperienced traders are struggling right now and the success rate of Good Day trader's is less than 10%.

Most good trading systems, technical or otherwise, will consistently take money out of the markets over the long run. Most of these good systems have been available to the public for years, and yet, there is still a huge gap between what is possible and achievable by most of the trader when market behave in an infinite combination of ways.

Technical Analysis Software allow system developers to test thousands of ideas almost instantaneously. With so many great tools it's easy to change or modify a system and to develop indicators rather than rules. There is always a danger about the curve fitting because If you design a set of rules which fit the curve of your test data too perfectly, you run an enormous risk that it will fizzle under different future conditions.

Although learning the technical side of trading can be accomplished within months, acquiring the instincts and discipline of a professional trader can take years. Once again, disciplined traders learn what to do, and then actually do it. We teach people that professional trading is an outcome of managing the technical skill and a result of learning how to lose, than picking winners,"

We view Discipline as skill to know what to do and the patience, willpower and courage to actually do it right away without any time delay. Though you might have trading strategy and rules to be successful, they mean nothing ,if you don't follow with your strategy and obey your rules. Many people know what to do in the market, but for whatever reason they fail to perform and follow through on their plan.

Since all traders believe that they know something about the market, the most satisfying trade is one based on your own ideas and reasoning process. These kinds of trades are an expression of your creativity and when they work, nothing feels better. This need for creative expression is a very powerful inner force that is hard to resist, especially for the sake of your technical trading system.

Time and again for last 9 years we keep hearing from the members who attain the course about their failure due to lack of discipline. Beauty of it is that they know why they lost and also the errors they are making. However what they don't have is the discipline or the self- mastery and command within to stop themselves from making them.

Since discipline is so important, the million-dollar question is, what can you do to become more disciplined? We like to offer a few suggestions.

SN Description
1
Get a Trading Coach
2
Attain a Course you feel is best suitable for your experience.
3
Get one-on -one trading coach for on line analysis, who can patiently teach you , how , why and when of nearly every trade
4
Trading Exercise:-Keep separate Trading capital strictly for educational purpose.
5
Open a Separate trading account for creative trades for educational purpose.
6
You will also need to find a system that suites your personality.
7
Trade:- Buy and sell a simple trading system which you understand and suits your unique tolerance for taking a loss.
8
you need to make a commitment to trade this system exactly as the rules call for
9
Taking ALL of the signals generated by your system is the only way you can get the first hand experience you need to establish belief in probable outcomes, and relating the mathematics to the behavior.
10
When your trade turns out to be a winner you will have established a first hand understanding of the nature of technical systems and a belief in how you can make money in the long run, if of course you can execute your system properly by acting on every signal
11
Once you pass through above phase and establish belief, you will have the force of habit working for you and the struggle will cease.
12
Get hands on exercise in learning trading discipline and the skill of flawless execution.

13
Keep your contract size small. As you make money you will gain in your confidence. This positive cycle will expand your ability to be successful just as easily as a negative cycle will feed on itself to end in despair
14
Most satisfying trade is one based on your own ideas and reasoning process. These kinds of trades are an expression of your creativity and when they work, nothing feels better.
15
This need for creative expression is a very powerful inner force that is hard to resist, especially for the sake of your technical trading system.

By following above set of suggestion, you will be creating for yourself the kind of psychological conditions that will enable you to learn, through experience, the effectiveness and value of your technical system

Winners tend to take care of themselves. But if a traders record shows that there are also small loss over a period of time, It is without a doubt that he is gaining professionalism. While losing is never pleasant, it is an inevitable part of this game, then why not loose small by having predefined trading plan which you understand inside out by having entry and exit strategy with an ability to cut losses quickly.

There are reasons why it is difficult to act on a trading signal. to understand this you need to know the trading system first by carrying out some research because systems and trading involves compromise and perfection is not achievable. One has to move slowly and look at trades on charts and understand them from all angles.

Successful traders and investors are psychologically prepared to stick with their system through good times and bad. You will never reach your goal as a trader if you can not maintain the self discipline to trust the system you have chosen to make the profits you deserve.

At Stockleela you will learn how traders make money, not to make it one day and give it back the next! Most importantly to learn and understand the discipline of good money management. We designed a site which offers traders, such as yourself, reliability, dependability, a friendly environment and at the same time accomplish positive RESULTS!