September 20, 2019

Discipline Is Key To Being A Successful Trader

Throughout my twelve year career as a trader I’ve learned a lot about the ever changing market and how to adapt my approach to it. One thing I’ve never changed is trailing my stop with the market once my first profit target is filled. This is a method that has nurtured my discipline and helped me to remain focused. Whether it’s been moving my stop to break even (the price where I entered the trade) or some other technical level. It is very important to strengthen your discipline muscle because it can atrophy if you don’t. I encourage you to try this method and remain disciplined because no matter how often the markets change, discipline will always be relevant. 

If you would like to get an absolutely free day pass to his or one of our other live signal trading rooms today, follow this link. >>http://bit.ly/nl-freepass

about the author:

Patrick Hammond

Patrick Hammond runs both our Momentum Stocks Room and Foundation room.

In our Momentum Stocks Room you will learn the “nuts and bolts” to trading stock. Get an introduction to stocks, learn about short selling, dividends, and see how they affect the price of the stock.

Our Foundation Room is a wealth of knowledge for all of our traders from beginning novices to seasoned vets. Here you can sharpen your trading acumen by taking things back to the basics or discover overlooked methods that can make you a more consistent trader.

Read Similar Articles

https://www.prospertrading.com/scott-bauers-bizfirstam-101626/Scott Bauer Breaks Down the AI Selloff
October 16, 2026

Scott Bauer Breaks Down the AI Selloff

Scott Bauer joins Business First AM to share his read on the AI sector selloff and whether the violent drop this week is a buying opportunity or a warning sign.

Read Article
https://www.prospertrading.com/mike-shorr-vix-lesson-101626/Mike Shorr’s VIX Call Spread Adjustment Lesson
October 16, 2026

Mike Shorr’s VIX Call Spread Adjustment Lesson

Mike Shorr walks through a live VIX call spread adjustment in his trading room, showing how he cut his cost and risk by taking in premium.

Read Article
https://www.prospertrading.com/scott-bauer-ibkr-podcast-101426/Scott Bauer on Rates, Oil, and the Risk Nobody Is Pricing In
October 14, 2026

Scott Bauer on Rates, Oil, and the Risk Nobody Is Pricing In

Scott Bauer joined IBKR Podcast to break down CPI, what Jamie Dimon said that caught his attention, and why retail sales are worth watching.

Read Article

Read Similar Articles

July 15, 2026

The Fed, Oil, and What Earnings Season Really Means

Scott Bauer joined the IBKR Podcast this week to break down what moved markets last week and what investors need to watch heading into the next stretch of earnings season. From lagging inflation data to big tech CapEx concerns, Scott did not hold back.

Read Article
July 5, 2026

The Week Ahead: Happy 250

The Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend as a softer-than-expected U.S. ‌jobs report eased worries about interest rate hikes, while another sharp drop in chipmaker stocks weighed on the Nasdaq. The second half of 2026 kicked off this week much the same as […]

Read Article
June 28, 2026

The Week Ahead: Darn Inflation

A renewed sell-off in technology stocks grabbed headlines this week. The Nasdaq index fell 4.5%, closing lower 5 days in a row, led by a large 5.5% decline in the so-called Magnificent 7 mega cap names. Meanwhile, the post IPO exuberance around SpaceX appears to be fading, with shares now down 25% from their peak. […]

Read Article