Uploaded by SchoolOfTrade on Dec 9, 2009
•In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules.
•In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with consistency you will begin to see the same consistency in your trading as well.
•In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries
In this 4th video of this 5-video series we get introduced to the 4th phase of the Discipline Cycle:
Patience
Just ask my Grandma
Patience is one of the most important skills you can develop in anything you want to do, and trading is no different.
This is the Patience to wait for the best patterns, for all your rules to line upthis is the PATIENCE to wait for the very best opportunities in the market!
Without this patience, we risk taking trades that should be avoided, and this will hurt our long term success.
Remember
•Discipline Cycle® begins with Discipline to follow those rules,
•Discipline leads to Consistency in your trading,
•That Consistency leads to Confidence in your trading!
•Confidence develops the Patience to wait for the best trading opportunities!
Whats next?
Keep an eye out for the 5th and final video in this series to learn the final evolutionary phases of our
Discipline Cycleyou DONT want to miss the rest of this series!
Hope it helpsStick to those Rules!
See you in the Live Trade Room tomorrow @ 745am EST
Category:
Tags:
- Learn Tape Reading
- Learn to Day Trade
- Day Trading Futures
- Market Profile Strategies
- E-Mini Day Trading
- Euro Currency Futures
- Pound Currency Futures
- Russell Futures
- Dax Futures
- Crude Oil Futures
- Gold Futures
- Technical Indicators
- Range Charts
- Range Bars
- Ninja Trader Software
- How to be a scalper
- day trading system
- learn to read the tape
- trading sideways markets
- pace of tape indicator
- auto levels indicator
- disciplined trading
License:
Standard YouTube License
-
1 likes, 0 dislikes
5:41
Discipline Cycle 5of5 Profits Day Trading Pound Futures Crude Oil Futures Gold Futures Systemby SchoolOfTrade2,288 views
3:51
A Simple Day Trading Strategyby rockwelltrading2008344,702 views
7:39
Trade Management 2 of 5 Emotional Response to your Day Trading E-mini Crude Oil Gold Euro Futuresby SchoolOfTrade1,756 views
3:30
Finding the best range bar setting for day trading.by 9NiX66,191 views
8:27
Discipline Cycle 1of5 Discipline to Follow Your Entry Rulesby SchoolOfTrade2,702 views
9:53
$1000 Day LIVE Gold Futures Tradingby SchoolOfTrade1,232 views
3:43
2-Step Entry Pattern...Day Trading E-Mini ES Russell Gold Crude Oil Dax Euro Pound Futuresby SchoolOfTrade4,770 views
4:04
Reasons Why Most Active Traders Failby Mscomvid0918,032 views
3:49
How to Trade The Currency Meterby currencymeter4,838 views
9:11
Trade Management Series 1 of 5; Day Trading Euro Crude Oil Gold E-Mini Futures Systemby SchoolOfTrade2,227 views
9:47
$1060 Day Trading Gold Futures Crude Oil Futures E-Mini Futuresby SchoolOfTrade5,252 views
10:00
Trade Management 5of5 Customized to Fit YOUR Needs as Scalper Day Swing Traderby SchoolOfTrade1,372 views
9:56
Another $1000 Day Trading Crude Oil Gold E-Mini Futures Scalping Lessonby SchoolOfTrade2,867 views
4:09
Make BIG Money Trading -WATCH NOW! - Ultimate Trading Cycles - by Greg Seckerby gregsecker29,375 views
10:00
Easy Trade Management Technique; Gold Futures, Dax Futures, Technical Indicatorby SchoolOfTrade1,266 views
8:39
$700 Day Trading Gold Futures E-Mini Futures Crude Oil Futures Scalpingby SchoolOfTrade1,419 views
7:45
Profit big using this simple stock trading techniqueby sswanson2007257,968 views
4:30
TRADESTATION INTRADAY CYCLE TRADINGby ubslim812 views
9:21
day trading gold, spot gold futures trading, gold newsletteby acetabulum232,898 views
4:27
Trading Discipline and Controlling your Emotions in Tradingby stuartmcphee3,870 views
- Loading more suggestions...
Link to this comment:
All Comments (0)