Trade Like a Disciplined Trader

The strategy is simply a plan of action. in trading, we may call it a system in which entry, exit, and stop are predefined.
A Novice Trader trying to decipher big chunks of market data by following 2 or more complex strategies would have a higher chance of failure.
The trader sticking to one simple strategy would be dealing with one market situation only. Hence, would have to deal with manageable market data with lesser side effects on his trading and on this mental and physical health.
The strategy could be as simple as a support-resistance plat or one can also buy any popular strategy available in internet shops. The trader should choose a strategy with which he is comfortable, means risk reference should be within the trader’s financial limits.
Execution
Execution is the most difficult part where the trader’s psychology plays a significant role.
self-discipline is the key to impeccable execution. once a system is defined, the trader has to roll all the signals generated by it.
At the stage, one of the important traits the trader must learn is to stop fighting with the market. This change in perception would help him to adapt to any market situation without bias.
The trader should understand the market is not an enemy but a place where we trade with our fellow traders having a different perception than our, remember that only an unbiased view would result in a Fearless execution.
Staying In The Trade
A Trader should stay in a trade as per his system reference point and should not exit early. This is a psychological challenge but can be met. After making an entry the trader should let the market do its job, for that, he has to assume that he doesn’t have any position in the market and sit relaxed.
Losses
Every trade would not yield the profit, a stop would also be triggered. A few losing streaks are quite common with any system. The Trader should consider losses as education fee. It’s the same as we paid in schools to learn a different subject. Here we pay it to learn the subject of trading and there is nothing wrong in that as long as the trader follows the reference points suggested by the system.
The Sample The trader should stick with the system in order to have a significant sample of trades before calling it a failed/successful system. The advantage of the big sample size would be that the trader can calculate the more reliable probability for success and failure of a system. That’s why it’s necessary to take each and every trade triggered by the system.
The Disciplined Trader If the trader is able to follow these steps effectively, he would come to know if his strategy is worth following in the future or not. Not only that, but it would also inculcate in him the good traits of a disciplined trader.