Trading Pyramid - Discipline

Discipline is necessary because without it you will not be able to followyour methodology, or to control your emotions and instincts.

Developing discipline is a process rather like exercising muscles, but ishelped by developing an approach that suits us.

Random reinforcement is the way in which the market often rewards“bad” behavior and punishes “good behavior”. Rats go mad whentreated like this.

Inter-reactions between discipline and other levels of the Pyramid showthe importance of developing all levels of the Pyramid in line with ourpersonalities.