Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning
Where did we leave off last time?
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 Video #4 Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market
In this 5th video lets wrap up the Discipline Cycle:
Profits!
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!
Patience to wait leads to Profits!
More video series to come in 2010!
Happy Holidays to All!
Do you have a suggestion for another video series? E-Mail
Our 4th video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle.
Where did we leave off last time?
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 up…this 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!
What’s next?
Keep an eye out for the 5th and final video in this series to learn the final evolutionary phases of our Discipline Cycle…you DON’T want to miss the rest of this series!
Hope it helps…Stick to those Rules!
See you in the Live Trade Room tomorrow @ 745am EST
(Don’t forget! Last day of Trading in 09 is Dec 11th!)
Our 3rd video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle.
Where did we leave off last time?
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 this 3rd video of this 5-video series we get introduced to the 3rd phase of the Discipline Cycle:
Confidence
Confidence is like OXYGEN to a trader.
Without Confidence we may last for a few hours, day, weeks, but eventually we will die from lack of confidence as our trade account dwindles down lower and lower each stop we take b/c we don’t have the confidence we need to take only the BEST patterns defined by our rules.
A professional trader would trade thousands of dollars for an ounce of confidence b/c we all know that a confident trader is a profitable trader, and without the confidence, traders know they won’t last long.
Remember…
Discipline Cycle® begins with Discipline to follow those rules,
Which leads to Consistency in your trading,
That Consistency leads to Confidence in your trading!
What’s next?
Keep an eye out for the 4th and 5th videos in this series to learn the final evolutionary phases of our Discipline Cycle…you DON’T want to miss the rest of this series!
Hope it help…Stick to those Rules!
See you in the Live Trade Room tomorrow @ 745am EST
(Don’t forget! Last day of Trading in 09 is Dec 11th!)
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
December 03, 2009
Secrets For Success
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In this 2nd video of this 5-video series, we talk about the 2nd Phase of the Discipline Cycle, which is Consistency.
Let’s first recall where we left off on our Last Video
We Listened to My (JJ’s) story of HOW and WHY he created the Discipline Cycle
We Learn what the Discipline Cycle is and how it works
We learned the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well.
Now that we’ve found discipline in our trading, we begin to see some consistency in our trading. If you follow your mechanical rules with discipline, things will begin to take form…
Remember, this may not be profitable consistency yet, but this consistency will give you the SAME patterns, the SAME entries, and the SAME feedback from the market each trade you take, which will produce valuable Consistency in your trading, which will enable you to continue to grow with this ‘cycle’
In this 2nd Phase of the Discipline Cycle we lay the foundation for Consistency in your trading, so make sure you watch this video, and stay tuned for the rest of this 5-video series, which will teach us more about the EVOLUTION of a Trader through the Discipline Cycle!
Keep an eye out for the 3rd Video of this series…your Profit & Loss Statement will THANK YOU!
Stick to those Rules!
See you in the Live Trade Room tomorrow @ 745am EST
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
December 01, 2009
Secrets For Success
Blog Image:
Discipline Cycle, 5 Part Series…
Your Emotions can be an asset or a liability to your trading; I think we all agree on that.
Out of ALL the things we worry about in the trade room each day, the most important is within ourselves! Our emotions a deadly to our trading if we can’t keep them under control.
Created in 2003, the Discipline Cycle is the by-product of Joseph James’ attempts to find an easy way to change the emotional impact on his trading.
Every trader goes through an evolution of learning and growing as a trader, and this Discipline Cycle defines that EVOLUTIONARY PROCESS that all traders must go through to achieve long term and consistent success as a day trader.
In this first video of this 5-part series you will…
Listen Joseph’s story of HOW and WHY he created the Discipline Cycle
Learn what the Discipline Cycle is and how it works
Be introduced to the first phase of this cycle; Discipline, which is also the LAST phase of the cycle as well.
Oh….wait!!!!!!
If you’re thinking to yourself right now….why do I need Discipline?
YOU are the trader this video series is designed for!
Watch this series…your PnL statement will THANK YOU!
Please read our disclaimer:
Trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the markets. The videos are neither a solicitation nor an offer to Buy/Sell futures or options. The past performance of any trading system or methodology is not necessarily indicative of future results.
Rule 4.41 - Hypothetical or simulated performance results have certain limitations. Unlike an actual performance record, simulated results do not represent actual trading. Also, since the trades have not been executed, the results may have under-or-over compensated for the impact, if any, of certain market factors, such as lack of liquidity. Simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown. Learn to trade futures forex stocks.
