March 8, 2010

360 Degree Explanation Of Discipline Cycle

Our 5th video completes our Discipline Cycle, and the cycle returns 360-degrees to its beginning

Where did we leave off last time?

• In Video #1 we heard from Joseph James himself as he shared his story of how he developed the Discipline Cycle itself, and we were introduced to the First Phase, which is Discipline, to follow your rules and only take the very best trade set-ups according to your mechanical rules.

• In Video #2 we were introduced to Consistency, the second phase of this 360-degree cycle. This Consistency in your trading comes from seeing the same patterns and the same set-ups with ‘consistency’ you will begin to see the same ‘consistency’ in your trading as well.

• In Video #3 we learned about Confidence, the Confidence in our Set-Ups, Rules and entries

• In the 4th Video we develop a sense of Patience in our trading, which allows us to wait for the very best opportunities to present themselves in the market

In this 5th video lets wrap up the Discipline Cycle:

Profits!

Remember…

• Discipline Cycle® begins with Discipline to follow those rules,

• Discipline leads to Consistency in your trading,

• That Consistency leads to Confidence in your trading!

• Confidence develops the Patience to wait for the best trading opportunities!

• Patience to wait leads to Profits!

Here is your final look at our Discipline Cycle diagram.

Do you have a suggestion for another video series? E-Mail JJ@SchoolOfTrade.com!

Hope it helps…Stick to those Rules!

See you in the Live Trade Room tomorrow @ 745am EST

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