How To Trade With Discipline & Without Emotion

Trading psychology is arguably the biggest factor when applying a stock trading strategy, even with a large positive expectancy the strategy could still be loss making if the trader does not stick to the plan.
A casino does not tweak the rules, throw a tantrum, or blame others, it simply allows the game to play out.

Mark Minervini, Mark Douglas and Van Tharp built their reputation based on understanding trading psychology, probabilities and expectation. These 3 elements are key to becoming a successful trader

This video highlights some of the key hindrances that a trader will face and helps to understand how you can manage your emotions and stay disciplined.

Links:-

StockTrading videos:-

Investing videos:-

As a long term investor/trader I have consumed hundreds of financial books and endured countless hours of self education. My hope is that this channel will reduce the learning curve duration of many aspiring investors by providing the key information in a concise and enjoyable manner.

[FinancialWisdom]

Stockopedia 25% Discount - bit.ly/2YIcAIn

[sadashivayyadeva]

Every new trader should watch this video 100 times

[shellylofgren]

Thank you. Just what I needed to watch. My hubby and I are directors of our farm business and own property, plus small pensions. I am nearly 52, hubby is 55. We have started to save to retire from the farm, and possibly live on rental income, I'd really appreciate you go LIVE and talk about how to earn passive income online and retire comfortably, let’s say $1M.

[mr.franco]

In terms of trading with discipline, Taking less trades would be way more effective because it is less likely for you to make mistakes and your concentrations are relatively high.

[GillerHeston]

Once upon a time, I was an eager investor. With high hopes and dreams, I diligently built my investment portfolio over the years. But as the tides of the market turned against me, my once-promising investments began to crumble. Stock prices plummeted, bonds defaulted, and my hopes faded away. With each passing day, my portfolio dwindled, mirroring the sinking feeling in my heart. I watched helplessly as my hard-earned savings vanished, leaving behind a lingering sadness and a stark reminder of the unpredictability of the financial world. I'm here again because I want to get back on track.I need ideas to get on on a recovery process.

[thPanzerKorps]

Mark Douglas changed my life. I watched his 6 hour workshop 60 times, until every fiber in my body was aligned with the content Mark provided. You actually don't need another guru, he says it all, right then and there.

[TurtleTrader]

The comment about Mark Minervini and the Veen Diagram showing Losses vs Wins (inner circle, smaller dots in red vs outer circle, larger dots in green) really did it for me in terms of explaining proper trading psychology based on sound trading principles (I looked-up a few of his Youtube videos, and your description of his approach to trading is 100% accurate).

Thank you and good trading in the New Year (2024)! :D

[benjamindavidson]

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

[bobbymainz]

I'm struggling in this market. Stocks that I have held for months and made profits from are not behaving the way I'm used to so I’m quite indecisive on how to tackle this market, any advice would be grateful.

[Randi]

Great video, trading come with a lot of benefits And I have just bought my first house through it. As a beginner I was scared of loosing my savings but I’m glad I took the bold step that is now favoring me.

[parkusupremo]

one of the best trading videos i have ever watched..

[infiniteabundance]

you can not trade without emotions, rather be aware of your emotions and manage them

[StanleyDruckenmiller]

I will be forever grateful to you, you changed my whole life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Catherine Gauthier.

[kortyEdna]

Becoming a good trade takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.

[CoinmaticsPlatform]

"Emotion can be the enemy, if you give into your emotion, you lose yourself. You must be at one with your emotions, because the body always follows the mind."
--Bruce Lee

[addisonrylee]

Yep. Was definitely treating day trading like roulette.

It’s crazy how you can start so well, and then just throw everything away (and more), just because one trade doesn’t go your way.

[minutemartialarts]

My lack of emotional control has killed me the last two weeks after I resumed live trading again after several months of re practicing simulation. You have to trade live to really know your weaknesses and strengths. IMO, technical analysis is not the hardest part of trading. Emotional control is. It is a factor of difficulty that I never even imagined. Getting emotional discipline is my new mission. The best advice on this video is to focus on process and strategy over profits. Doing the reverse was killing me. Re tooling my brain as I write!

[HelenaNocket]

Just the best lessons about trading in internet. Love it

[reflexerrr]

Whenever I am getting series of loses, I come here and watching these videos ....

[benandersonn]

This is a great video, I learn a lot watching your videos and it has been helpful to me. Building a steady income is quite difficult for newbies...Thanks to Mrs. Betty K Cargill for improving my portfolio. Keep up with the good videos.