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This trading psychology session looks at why so many traders fail in the business of trading, even though they started out with so much enthusiasm. At the heart of it, Brannigan explains that it comes down to discipline, as that is what ensures long-run success.
Discipline is a skill that needs to be developed over time. To develop the skill, you must know what work and steps are required.
Brannigan's list can be summarised into the following 8 points:
1. Routine
2. Preparation
3. Organisation
4. Execution
5. Focus
6. Dedication / Motivation
7. Consistency
8. Learning from Errors
If you turn these 8 points into check boxes to tick off each day, within 6 months you will notice the differences and find yourself to be a better trader.
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