Chapter 24
Stretching Your Trading Discipline
Discipline is the most important part of being a successful trader! Anyone who has ever traded knows and understands the importance of this statement. Perhaps, some would argue that discipline is the most important factor after a winning strategy for entering and exiting trades has been found. However, I would point out that even the process of developing a trading system requires discipline.
Those of you who are already successful in the markets might not want to change anything that you are doing because you have found a combination that works for you. For those of you who feel this way, I would agree that you should keep doing what you are doing. But for those who are becoming bored or want to stretch your abilities and your profits, you might consider stretching your discipline.
To move to a new level of elevated performance in any endeavor takes stretching beyond your comfort zone. When you accomplish this, you are more likely to be able to reap the rewards of working at a higher level of skill.
Anyone who has participated in any form of athletics knows the importance of stretching to achieve higher performance. Without stretching, you will limit your ability to perform and perhaps even injure yourself. When I was a concert singer, I practiced singing to the F above High C so I could sing in a range to High C without straining my voice. As a dancer, I practiced doing five spins on one foot without stopping so I would feel comfortable ...
