To be a disciplined trader, you need to know how, why and when to enter the market, when to exit the market and have all your important money management techniques in place at all times.
Manage your risk to maximize your cash flow.
Ensure that any trading strategy you design or lease from others includes entries, exits, stops and specific risk management techniques.
THE DEATH OF TRADER JOE
Trader Joe can teach us all a lesson or two: trade a focused strategy with adequate risk parameters fully aware that without the two living to trade another day may not be an option.