What is discipline in trading?
The definition of discipline can be reduced to the deliberate repetition of actions to achieve a result. Often these actions are difficult and unpleasant, and they require some effort.
Thus, the two components of discipline are:
Discipline is the basis of any successful work, and trading is no exception. It is, first of all, following the principles of one’s own trading strategy and risk management. Often, changes in the market can lead to rash decisions and actions that are driven by the emotional intensity of the moment. In this situation it is very important to be able to restrain your impulses and follow the predetermined plan, i.e. to maintain discipline.
Why is it important to be disciplined in trading?
As we know, the essence of trading is to continuously analyze the market in order to make the most profitable deals. Based on this analysis, the trader creates an individual strategy, taking into account their goals and interests, the experience of professionals.
Discipline is important as early as the research stage, when the theoretical foundation must be explored purposefully and methodically before moving on to practice. Gaps in knowledge that occur due to laziness or haste can lead to dire consequences.
After you have built up a theoretical base, when you are confident enough, you can proceed to putting your strategy into practice. Then, discipline helps you follow the strategy you have developed for yourself and not be tempted to stray from the path.
In addition, a trader needs to continuously learn throughout their career, explore new opportunities, and analyze their own successes and failures. Only a disciplined approach to self-improvement will lead you to success.

What does indiscipline in trading lead to?
First of all, discipline helps a trader keep their emotions under control, because rash decisions lead to mistakes. To illustrate, let us take a look at what those mistakes can result in.
Overtrading
Overtrading is one of the most common mistakes made by both novice and more experienced traders. As you can guess from its name, the essence of this phenomenon is excessive trading. The trader either makes too many trades that are not part of the trading plan, or makes trades that exceed acceptable risks. Naturally, this leads to losses.
The reason for this mistake often lies in the trader deviating from their trading strategy, and failing to follow the rules they created for themself.
Making careless trades
This mistake is primarily common among beginners, but no one is immune to it. Any trading operation should be based on analytical data, not on momentary desires. But there are situations when a trader succumbs to temptation and makes a rash transaction.