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5 evolutionary stages to our Discipline Cycle.
Our 4th video of this 5-video series we talk more about the 5 evolutionary stages to our Discipline Cycle.
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 this 4th video of this 5-video series we get introduced to the 4th phase of the Discipline Cycle:
Patience
Just ask my Grandma…
Patience is one of the most important skills you can develop in anything you want to do, and trading is no different.
This is the Patience to wait for the best patterns, for all your rules to line up…this is the PATIENCE to wait for the very best opportunities in the market!
Without this patience, we risk taking trades that should be avoided, and this will hurt our long term success.
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!
What’s next?
Keep an eye out for the 5th and final video in this series to learn the final evolutionary phases of our Discipline Cycle…you DON’T want to miss the rest of this series!
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