This tip is going to be on the psychological topic of discipline. Unlike many of the past tips, it will not be long. It will not have a clean-cut list of things you need to do. There will not be a simple plan that is ready to execute. There are no nicely labeled charts to tell you what to do. Discipline is a more illusive topic. Yet, if there were one tip that you should frame and put above your computer, it would be this one.

When it comes to trading, here is a definition for you. A definition that may be the whole essence of this article. For trading purposes, discipline can be simply defined as your ability to follow your trading plan.

Just like many past tips, here comes that reference to a trading plan. It is a simple concept. You need to define what you want to trade. You need to define when you want to trade it. You need to decide how to trade and manage it. You need to decide how to handle your account when you are making money (do you keep a