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Coach's Playbook Posted by Team Topstep April 20, 2022

Discipline In Day Trading

Discipline In Day Trading

I know it’s easy to get into the cycle of repeating bad habits or behavior. The path to success is never a straight line, so the real goal kind of becomes knowing when you’re starting to stray off course so you can stop and reassess. 

And so, this week, the Topstep coaches are discussing a few simple ways to help you stay disciplined while day trading.

Be Aware…

It’s not always easy to recognize when you’re starting to wander off the path, so have some fail-safes put in place that tells you without a doubt you’re starting to move in the wrong direction. Say, for instance, if you’re dieting and you wake up one day and realize you just gained 15 pounds. Well, something’s amiss now, isn’t it?

The same goes for trading. If you sit down one day and realize that your account value has dropped 30%, it’s probably time to take a step back and reassess your strategy.