There's one thing I want to talk to you about today.
One word that can mean so many different things when it comes to trading stocks.
When I ask the most successful traders I know (and these guys make millions) what the number one ingredient is in their success formula, the answer is always the same.
My greatest trades have come from this one word.
My worst trades have come from not sticking to this word.
The word is Discipline.
The discipline to take emotion out of the game.
The discipline to not only set rules but follow them.
The discipline to do what is necessary to put yourself in a position to succeed.
I know a billionaire who gets to work by 6:30 everyday because he knows the most money changes hands early in the morning.
I know top traders that do not waiver in their formula for success.
Despite being tempted by the opportunity for more mone, they stick to their game plan and methodically make money in the stock market.
Tiger Woods is constantly praised for his discipline.
Peyton Manning is the king of discipline. Do you think it was luck that allowed him to play so well in torrential down pours during the superbowl?
For years, he has taken buckets of water out to practice with his center and practiced playing with watered down footballs.
This is not a coincidence.
Success and Discipline are used as often as balsamic and vinegar.
If you are a new trader or looking to become one then you must be disciplined.
It is essential to lasting stock market success.
Kind Regards Adam Mesh
(Adam's trading has been featured in Fortune Magazine, Trader Monthly and Adam has appeared on CNBC's Squawk Box)