Markets sold off pretty hard in the last few days. Many of you did not see it coming, a lot of you, new traders, have never seen that kind of price action in your trading days.

We all knew this time would come (the sell-off) but no one could precisely point it with the finger. Whoever guessed it great, but the truth is that we only know for sure that the market will open at 9:30 AM and close at 4 PM.

I did live through a few sell-offs in my 12+ years trading career, and I still participate in markets.

I make a very good living trading. I feel very blessed when it comes to that. Now you must be wondering: How am I surviving in the markets for so long?

Well, the answer is pretty simple, I have a set of rules that I follow. That’s it, that is all I am doing. And that is all YOU need to do to be successful. 

I am sure that you also have a set of rules to follow like calculated risk per trade, max loss for a day, etc.

Then why, tell me WHY aren’t you following the rules, you have set for yourself?

The answer is pretty simple too, and it is not ignorance. You know in most cases what you should be doing, as far as your trading goes, but you still don’t. How come? If you followed your rules it would be nearly impossible to fail at trading, did you know that?

You are not disciplined! That is the answer to why are you failing in trading!

Trading and following the rules is like keeping promises to yourself. In the end, it is just you and the computer you are placing orders with. No one is watching you saying “Hey! You are breaking your rules that you’ve set for yourself!”

No one is born disciplined. I am the perfect example of that fact. And if you try hard enough I am sure you can remember when your parents held your hand at a red light and stopped you from crossing the street. They were teaching you the discipline through that act.

Brushing your teeth, going on a diet, the list goes on. Nearly every single aspect of your life requires discipline. Just like following rules in trading. 

And I can give you all the rules that help me to stay successful in trading, but until you are actually able to keep promises to yourself they are worthless.

Financial freedom is a journey

The Tackle Today series is brought to you by Tackle Trading.

Sign up now and gain unfettered access to all of the quality content and powerful Scouting Reports that our Pro Members enjoy for 15-days absolutely free with no strings attached and let us show you what your trading has been missing.

# Sign up now for a 15-DAY FREE TRIAL #

Legal Disclaimer

Tackle Trading LLC (“Tackle Trading”) is providing this website and any related materials, including newsletters, blog posts, videos, social media postings and any other communications (collectively, the “Materials”) on an “as-is” basis. This means that although Tackle Trading strives to make the information accurate, thorough and current, neither Tackle Trading nor the author(s) of the Materials or the moderators guarantee or warrant the Materials or accept liability for any damage, loss or expense arising from the use of the Materials, whether based in tort, contract, or otherwise. Tackle Trading is providing the Materials for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments. Examples that address specific assets, stocks, options or other financial instrument transactions are for illustrative purposes only and are not intended to represent specific trades or transactions that we have conducted. In fact, for the purpose of illustration, we may use examples that are different from or contrary to transactions we have conducted or positions we hold. Furthermore, this website and any information or training herein are not intended as a solicitation for any future relationship, business or otherwise, between the users and the moderators. No express or implied warranties are being made with respect to these services and products. By using the Materials, each user agrees to indemnify and hold Tackle Trading harmless from all losses, expenses and costs, including reasonable attorneys’ fees, arising out of or resulting from user’s use of the Materials. In no event shall Tackle Trading or the author(s) or moderators be liable for any direct, special, consequential or incidental damages arising out of or related to the Materials. If this limitation on damages is not enforceable in some states, the total amount of Tackle Trading’s liability to the user or others shall not exceed the amount paid by the user for such Materials.

All investing and trading in the securities market involves a high degree of risk. Any decisions to place trades in the financial markets, including trading in stocks, options or other financial instruments, is a personal decision that should only be made after conducting thorough independent research, including a personal risk and financial assessment, and prior consultation with the user’s investment, legal, tax and accounting advisers, to determine whether such trading or investment is appropriate for that user.