25 Rules of Trading Discipline by Douglas E. Zalesky

25 Rules of Trading Discipline by Douglas E. Zalesky

The success that a trader achieves in the markets is directly correlated to one’s trading discipline or lack thereof. Trading discipline is 90 percent of the game. The formula is very simple: Trade with discipline and you will succeed; trade without discipline and you will fail.

 

Berikut poin-poin catatan dari Douglas E. Zalesky terkait disiplin didalam trading, yang berjudul: The 25-Point Mantra Discipline for Day Trading. Untuk penjelasan lengkap, dapat didownload file pdf pada link di bawah.

 

#01 THE MARKET PAYS YOU TO BE DISCIPLINED.

#02 BE DISCIPLINED EVERY DAY, IN EVERY TRADE, AND THE MARKET WILL REWARD YOU. BUT DON’T CLAIM TO BE DISCIPLINED IF YOU ARE NOT 100 PERCENT OF THE TIME.

#03 ALWAYS LOWER YOUR TRADE SIZE WHEN YOU’RE TRADING POORLY.

#04 NEVER TURN A WINNER INTO A LOSER.

#05 YOUR BIGGEST LOSER CAN’T EXCEED YOUR BIGGEST WINNER.

#06 DEVELOP A METHODOLOGY AND STICK WITH IT. DON’T CHANGE METHODOLOGIES FROM DAY TO DAY.

#07 BE YOURSELF. DON’T TRY TO BE SOMEONE ELSE.

#08 YOU ALWAYS WANT TO BE ABLE TO COME BACK AND PLAY THE NEXT DAY.

#09 EARN THE RIGHT TO TRADE BIGGER.

#10 GET OUT OF YOUR LOSERS.

#11 THE FIRST LOSS IS THE BEST LOSS.

#12 DON’T HOPE AND PRAY. IF YOU DO, YOU WILL LOSE.

#13 DON’T WORRY ABOUT NEWS. IT’S HISTORY.

#14 DON’T SPECULATE. IF YOU DO,YOU WILL LOSE.

#15 LOVE TO LOSE MONEY.

#16 IF YOUR TRADE IS NOT GOING ANYWHERE IN A GIVEN TIMEFRAME, IT’S TIME TO EXIT.

#17 NEVER TAKE A BIG LOSS. ONLY A BIG LOSS CAN HURT YOU.

#18 MAKE A LITTLE BIT EVERYDAY. DIG YOUR DITCHES. DON’T FILL THEM IN.

#19 HIT SINGLES NOT HOME RUNS.

#20 CONSISTENCY BUILDS CONFIDENCE AND CONTROL.

#21 LEARN TO SWEAT OUT (SCALE OUT) YOUR WINNERS.

#22 MAKE THE SAME TYPE OF TRADES OVER AND OVER AGAIN – BE A BRICKLAYER.

#23 DON’T OVER-ANALYZE. DON’T PROCRASTINATE. DON’T HESITATE. IF YOU DO,YOU WILL LOSE.

#24 ALL TRADERS ARE CREATED EQUAL IN THE EYES OF THE MARKET.

#25 IT’S THE MARKET ITSELF THAT WIELDS THE ULTIMATE SCALE OF JUSTICE.

 

download pdf: DISINI

 

 

Doug Zalesky is CEO of eLocal, L.L.C., www.elocaltrading.com. ELocal provides physical and electronic execution, brokerage and clearing services to all major futures and equities exchanges. They service electronic Internet traders, floor traders and institutional trading firms. For additional information on the firm and Doug’s 25 Rules of Trading Discipline please contact Doug at doug.zalesky@elocaltrading.com

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