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

January 21, 2026

Could Penny Stocks Be The Big Play In 2026?

Written By: Howard Greenberg As everyday traders put their trading plans into action for 2026, penny stocks might not be on many of their radars. It’s totally understandable why penny stocks may not appeal to the more calculated seasoned traders. Their reputations for susceptibility to manipulation, extreme volatility, and low liquidity make them way too […]

Read Article
January 13, 2026

Credit Card Interest Rate Caps: What Traders Could Expect

A high-profile policy debate has re-entered the financial spotlight surrounding credit card interest rate caps. Last week, President Donald Trump called for a temporary national cap on credit card interest rates. He proposed a maximum annual rate of 10% over a one-year period, starting January 20, 2026. President Trump’s proposal would aim to combat the […]

Read Article
December 23, 2025

3 Top Indicators For Day Trading Options

Make no mistake…day trading options can be very profitable, but it can also be very risky. If you don’t know what you’re doing—you will get burned. When I first started day trading options, I learned that lesson the hard way quite a few times, but those experiences made me a better trader and coach. I’ll […]

Read Article

Read Similar Articles

https://www.prospertrading.com/howard-shares-his-golden-rule-for-crypto-wallets/Howard Shares His “Golden Rule” For Crypto Wallets
March 7, 2026

Howard Shares His “Golden Rule” For Crypto Wallets

In 2025, over $3.4 billion was reportedly stolen from crypto wallets—a record high. Storage security for cryptocurrency is a growing concern among traders of digital currencies like Bitcoin, Ethereum, and other altcoins. While many developers of crypto wallets are constantly working to stay ahead of the sophisticated capabilities hackers possess, many industry experts fear the […]

Read Article
https://www.prospertrading.com/iron-condor-helps-scott-nail-avgo-trade-idea/Iron Condor Helps Scott Nail AVGO Trade Idea
March 6, 2026

Iron Condor Helps Scott Nail AVGO Trade Idea

The Iron Condor is a neutral options trading strategy that can have bullish or bearish leanings (depending on how it’s structured). It’s designed to profit when the price of an underlying asset moves within a specific tight range (ie, sideways) and volatility decreases. For Scott Bauer, the Iron Condor is one of his go-to options […]

Read Article
https://www.prospertrading.com/volatility-skew-scott-shares-an-intriguing-market-theory/Volatility Skew: Scott Shares An Intriguing Market Theory
March 4, 2026

Volatility Skew: Scott Shares An Intriguing Market Theory

Volatility skew is the difference in Implied Volatility (IV) between out-of-the-money (OTM) calls and puts with the same expiration date. It signals market sentiment by showing whether traders are paying more for downside protection (puts), or upside potential (calls). As a result, this type of trading action creates a “skewed” shape in the volatility surface […]

Read Article