17 Mar Discipline vs. Adaptability
Trading requires a deft combination of Discipline and Adaptability. You need to possess both a defined TradeBook and the ability to adapt to changing circumstances. Why? Because you quite simply will never trade in the same market twice. Some traders are naturally very disciplined and trade based on rules, but have difficulty adapting to the randomness of the market. They trade too tight. Others are overly flexible and improvise when they should instead be following...