As a trader, we often hear market professionals emphasize the importance of “discipline” to indicate trading strategies that helps to minimize heuristic factors such as behavioral influences and emotional decisions.
While these are lesson 101 that is easy in theory, it is something which is difficult to implement in practice.
We tend to often engage in irrational behavior when we are put to a test that is challenging. Most traders tend to deviate from their strategies they have put in place and hold on to losses significantly longer than positions that are in the black. The psychological factor of just waiting for another day or two before it bounces back up always come to haunt them back when everything else has ended.
Understanding this limitation of requiring a trading discipline that is so critical for success, Lim & Tan Securities has recently launched the Intra-Day Active Trader Program (ATP) to