Short YouTube monologue by Kardec Trader (uploaded July 19, 2023) arguing that developing discipline in personal life transfers to better trading. Emphasizes that trading requires extreme discipline—mostly waiting for proper setups and then recognizing and executing on opportunities rather than constantly entering trades.
So if you're having a hard time being disciplined or being patient, right in your trading, go outside of your trading first. Develop this in your personal life. Be disciplined in all aspects of your life. And when you do that in your personal life, you'll start noticing it transitions into your trading. And in trading, you need extreme amounts of discipline because most of trading is you waiting for setups. It's not you putting trades on all the time. Most of trading is you waiting, you sitting in your hand and you waiting for the right opportunity to come. And you as a trader, being able to recognize this opportunity and execute upon the opportunity.
