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Old 07-31-2008, 03:52 AM
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Post Why is Discipline so Important?

Quite simply, without the discipline to follow your method, you don’t have a method at all, and are doomed to failure - money management breaks down and losses inevitably follow.

Dennis taught them to have confidence in the system they were trading, and follow it rigidly to achieve success.

A Simple System + Discipline = Trading Success

Dennis knew that complicated trading methods are NOT likely to be more successful than simple ones – as a general rule, a simple trading system is more likely to be successful than a complicated one, as its more robust.

Simple systems are easier to understand as well – this meant the turtles had confidence in the system and could apply it with discipline.

So, What can we Learn from the Turtles?

Well, we know that anyone can learn to trade successfully and it can be do quickly.

We also know that simple systems applied with discipline and strict money management will work over time.

To become a successful trader you need a simple method that you can understand and have confidence in.

Just as confidence flows from understanding, discipline flows from confidence and it is the discipline to follow your method through losing periods which, is the key to long term success

You may not be as successful as the turtles but you can become a successful trader and you can make a lot of money.

Trading offers ANYONE the chance to build wealth - all you need to do is have the right mindset and learn the right knowledge.

Are you prepared for a challenge that could change your financial future forever? If you are, trading offers you the route to financial success.
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