Training of Inner Strength

As I promised a couple of days ago, today I’m giving another piece about building the discipline you need in trading.

This time we discuss willpower as a central ingredient for success.

Willpower is

  • The ability to overcome one’s internal resistances.
  • The ability to resist impulses, thoughts and desires.

Let’s recall the most important conclusions of the research:

The most important conclusion of modern research: discipline depends on willpower, willpower is an acquired trait, just like muscle strength, and it can be trained. There are no different types of discipline, a different one in life and a different one in trading, so trained in one field works for all.