Self-Discipline in trading

Developing Self-Discipline is something that you can start doing right NOW. It doesn’t take vigorous Special Forces training, nor does it require being related to the almighty samurai bloodline. Instead it requires will, devotion and regular action.

·        Start by cultivating a desire. Do that by understanding the incredible benefits of such an achievement. The majority of human endeavors fail because humans themselves quit; they quit because their mind and emotion subdues their will and discipline. Such a trait shall make you unstoppable.

·        Use what is coined by NLP (Neuro-Linguistic Programming) as an Incantation. Stand up and energetically state that you shall achieve this regardless of anything, it’s crucial to incorporate physical movements as well. This molds a stronger message in your mind due to the incorporation of emotion and physicality. Repeat this daily.

·        Analyze yourself; know where your discipline falls short and is mostly likely to fail. Is it exercising, or facing fears, or maintaining dietary habits? This will create the targets which you shall work upon. Fast results will come from major concentrated action and not from minimal diffused efforts.

·        Start; initiate your pursuit by working directly on the weaknesses that keep you away from being self-disciplined. Start small and gradually proceed to making big chances. Day by day incorporate more change but avoid overloading yourself.

·        Once you have tackled one weakness proceed to the other. The conquest for self-discipline is a never-ending one. Acquiring it requires a constant stream of action; otherwise it shall simply leak from your possession.

Positional Call For The Week 29-9-14

Technical Analysis Of RPOWER:

Buy Rpower For A Target Of 92.

Technical Analysis Of JPPOWER:

Buy Jppower For A Target Of  18.

Technical Analysis Of  JINDALSTEL:

Buy Jindalstel For A Target Of  236.

The Essence of a Trading Process

At the broadest level, trading consists of analyzing, synthesizing, and doing.

·        Analyzing is extracting information from markets, immersing ourselves in data.  It is our look through the microscope.

·        Synthesizing is assembling those data into a coherent picture, extracting pattern and meaning from the reams of market information.  It is our telescopic view.

·        Doing is taking action on the meaning we have extracted from studying markets.  It includes everything from determining the best expression of a view to managing risk and reward once the view has become a position.

In trading, the microscope and telescope of viewing are transformed into real world doing.

At the end of a trading day, week, or month, we repeat the process–only we turn the lens inward.

We analyze our performance, immersing ourselves in the data that tell us how well we executed and managed our trades; how well we discerned genuine opportunity in markets.

We synthesize our performance observations into goals that move us forward, capturing what we’ve done well and what we need to improve.

Then we return to doing, feeding those goals forward into future market analysis, synthesis, and doing.

Deliberate practice is a cycle of stepping back to observe and stepping forward to act.  It’s also a cycle in which we first act in the world and then act upon our performance.

Analyzing, synthesizing, and doing, in markets and with us:  that is what a trading process is all about.