Scribd Logo
Upload

Welcome to Scribd!

  • 11 views

    Methods To Improve Self-Disciplines

    Uploaded by

    MOHD TARMIZI
    1) The document discusses five steps to improve self-discipline for trading, including financial management, emotion control, and developing self-discipline as a skill. 2) It provides examples of emotional problems traders face and how to develop rules to address them through writing them down, internalizing the rules, and repeated practice. 3) Methods to improve self-discipline involve realizing it as a trainable skill, identifying problems, setting rules to address them, and visualizing applying the rules through repeated reading.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd

    Methods To Improve Self-Disciplines

    Uploaded by

    MOHD TARMIZI
    11 views2 pages
    1) The document discusses five steps to improve self-discipline for trading, including financial management, emotion control, and developing self-discipline as a skill. 2) It provides examples of emotional problems traders face and how to develop rules to address them through writing them down, internalizing the rules, and repeated practice. 3) Methods to improve self-discipline involve realizing it as a trainable skill, identifying problems, setting rules to address them, and visualizing applying the rules through repeated reading.

    Original Description:

    FFSSFSFS

    Original Title

    METHODS TO IMPROVE SELF-DISCIPLINES

    Copyright

    © © All Rights Reserved

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    1) The document discusses five steps to improve self-discipline for trading, including financial management, emotion control, and developing self-discipline as a skill. 2) It provides examples of emotional problems traders face and how to develop rules to address them through writing them down, internalizing the rules, and repeated practice. 3) Methods to improve self-discipline involve realizing it as a trainable skill, identifying problems, setting rules to address them, and visualizing applying the rules through repeated reading.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    11 views2 pages

    Methods To Improve Self-Disciplines

    Uploaded by

    MOHD TARMIZI
    1) The document discusses five steps to improve self-discipline for trading, including financial management, emotion control, and developing self-discipline as a skill. 2) It provides examples of emotional problems traders face and how to develop rules to address them through writing them down, internalizing the rules, and repeated practice. 3) Methods to improve self-discipline involve realizing it as a trainable skill, identifying problems, setting rules to address them, and visualizing applying the rules through repeated reading.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 2

    9toeb1der 

    ·
    5 STEPS TO IMPROVE SELF-DISCIPLINES
    to be a good trader you need to learn 3 things :
    1) financial managements
    2) emotion control
    3) self-discipline
    financial managements 1 : so that you are able to save money, underspend, and keep adding
    capitals constantly and consistently into your CDS account
    financial managements 2 : so that you dont overspend your profits (rules yang saya guna,
    never withdraw or use more than 10% your trading profits. selebihnya 90% re-trade (buy
    more shares)
    financial managements 3 : we dont flex. orang yang tak kenal masih nampak kita macam
    biasa2. we dont care if other people want to show off big cars, new iphones, or whatever. we
    focus on building "money makes money" assets
    emotion control 1 : kaunter yg kita pegang loss and not moving as we expect, wajib cut
    emotion control 2 : kaunter yg kita pegang ada profits tapi slow, wajib hold
    emotion control 3 : nampak kaunter lain macam lagi cantik. kita rasa macam nak exit kaunter
    sekarang nie then masuk kaunter tu. tapi end up kaunter yg kita exit tu naik laju, kaunter yg
    baru masuk drop
    emotion control 4 : kita dah ada profit besar, tak pernah capai sebelum nie. kita pun jual awal
    to protect profit. sekali naik lagi gila2
    ini semua problems2 yang berteras psychology / mental
    and benda nie sebenarnya yang ambik masa bertahun nak belajar (a bit faster if someone can
    pinpoint what you're doing wrong)
    this, in my opinion, is what makes trading a very difficult game to learn : sitting on your
    hands and let your profits run
    and penyelesaian kepada masalah nie hanya satu : self-discipline
    common question 1 : bila orang tanya saya, macamana nak belajar hold? dah ada profit tapi
    jual awal sangat. lepas jual naik lagi.
    common question 2 : satu lagi masalah common : nampak kaunter lain lagi cantik. tapi lepas
    exit current counter, counter yg exit tu naik, counter yang baru entry tu drop
    common problem 3 : kaunter yg kita hold not moving as we expect, tapi kita hesitate nak
    cutloss sebab dah rugi ribu2, sanggup pegang bulan2 - causing a downward spiral of losing
    more money and more time (notice this is common problem 3, not common question 3.
    because most people does not realize this is a problem and they really dont want to cutloss)
    .
    HOW TO DEVELOP SELF-DISCIPLINE?
    common question 1, 2 & 3 is basically asking me how to develop self-discipline
    I have no idea myself. sebab saya sendiri pun dok buat mistakes yang sama. in fact, at my
    level, those mistakes berada pada skala 6 and 7 figures
    however, I have found that self-disciplines is a skill
    and like all skills, it can be trained and improved
    you can get better at it
    buktinya? buktinya you're already doing it
    sebelum nie hesitate nak cutloss, sekarang you dah boleh cutloss
    sebelum nie gelabah nak exit, sekarang you lebih tenang
    sebelum nie gelabah pagi beli, petang dah cek tengok apa jadi, pending nak jual. sekarang
    boleh hold few days or even weeks
    self-disciplines really are trainable
    you just need to know the methods
    .
    METHODS TO IMPROVE SELF-DISCIPLINES
    1. realizing that self-disciplines is a skill that is trainable, not a talent that you're born with
    2. identify what problems do you have and listing it down (wajib tulis / catat dalam trading
    journal)
    3. set rules to combat the problem (wajib tulis / catat dalam trading journal)
    4. repeat reading it everyday, hafal, deeply internalize, imagine it, visualize doing it, every
    single day until it becomes part of you
    5. keep practice and apply the rules
    itu dari segi formal
    dari segi non-formal
    .
    METHODS TO IMPROVE SELF-DISCIPLINES (INFORMAL)
    tulis dan tampal depan mata all the followings :
    1. 10% loss aje terus cutloss (except you dah tahu kat mana nak potong based on valid
    technical reasons)
    2. selagi takde sell signal, hold tight and never sell
    3. "one of the stupidest trading mistake ever is to find good counter early but not hold it long
    time" - pakya
    .
    in practical tengok gambar
    hold dari 0 profit
    ke 100k profit
    ke 200k profit
    ke 500k profit
    ke 750k profit at its highest
    now back to 500k profit
    masih hold sebab belum ada sell signal
    sitting tight on my hands and keep psyching myself not to sell selagi belum ada sell signal
    bertahun2 nak belajar emotion control nie
    thats all
    any question?
    .
    Pakya Trading Notes
    p/s - ada 1 lagi common question yang saya tak jawab. common question 4 : kita tengah hold
    satu kaunter and dah profits. tapi ada satu lagi kaunter memang cantik kita konfiden akan
    naik laju. what should we do in this case / how to manage?
    .

    You might also like