I am going to bet that this podcast gets fewer downloads than the others. Discipline? Really? What a boring topic. Discipline. It is an important word in most everything we do in life. But in trading it has a very special place. When a new trader discovers that you can make a former week’s salary in a couple of hours it brings about emotions of greed and fear that have intelligent people often doing stupid things. If you’ve only half listened to half of my prior podcasts, I think you understand that technical analysis is the only way to make money in the market unless you have millions of dollars to spend on your own independent research. I don’t consider that my opinion, I consider that fact. 

Here is the simple brutal truth. Anyone can easily learn technical analysis. It is literally the case that the intelligence level required is not any more than that of a 5th grader. The first issue is that few learn it properly. But even those that do are not guaranteed success. Why not? Discipline. Or more precisely, the lack of discipline.

Here's a chart to follow along:
https://drive.google.com/file/d/1b1kBB61cG6k43emS8TZLL2dPtYECY_21/view?usp=sharing

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