Self-discipline is simply a mental technique to stay focused on what you need to learn,or do, to accomplish your goals. There will be times when you won't have yhe resources of function effectively relative to the external conditions. Other times the resources you do have will be in conflict with both the conditions and your goals. So to accomplish your goals , you will need to adapt. In other words, you will need to change the way you interact with the enviroment. To change your behavior and how you experience the enviroment (feelings and emotions), you will have to change your perspective. To change your perspective, you will have to change the mental components that effect your perception of enviormental information. Keep in mind that you can't physically control what the markets do; you can only learn to control your perception of the markets to share the highest degree of reality (the least amount of distortion) with everyone else who is participating or has the potential to participate.
The more sophisticated you become as a trader, the more you will realize that trading is completely mental. It isn't you against the markets, it's just you. All the other traders participating to make the market provide you with an opportunity to make money from their divergent beliefs about the future. If people didn't disagree about the future value of any particular commodity or stock, then there would be nothing to compel them to either bid a price higher or offer it lower, and the opportunity to profit from these changes would cease to exist. So the markets just offer the individual trader opportunity. They don't choose the date on which you focus your attention, and they certainly don't interpret the date you perceive. Nor are the markets responsible for what you can't perceive because of the distinctions you haven't learned to make yet. They also don't choose when you put on a trade, how long you stay in, when you get out, or how many contracts you buy or sell.
Each individual trader creates his own experience of the markets based on this picking and chossing process and the decisions that result. If you accept this concept as valid, then the implications are that you will never have a valid reason to blame the markets for your unsatisfying results. The markets don't owe you anything (regardless of how hard you work to be successful) because every other trader participarting is doing so to take your money away. You and you alone are completely responsible for whatever you end up with. The sooner you accept that responsiblility (if you haven't already), the easier it will be to identify what skills you need to learn to interact with the markets more successfully. Even if you can't identify the mental components responsible for what you ended up with, at least by assuming that you are responsible, you will be opening yourself up to find out.
To be a successful trader you need to trade without fear. As you have already learned when you use fear as a resource to limit yourself , you will create the very conditions you are to avoid. Or to say this another way, you will experience your fears. you also can't learn anything new because fear will force you to perceive the environmental" now" from your individual past. You will experience that past regardless of the opportunities the environment may have to offer in that same moment. Your individual history will repeat itself until you change your history, which will then allow you to learn and experience something new. Evolving beyond your fears is also the best way to learn how to predict market behavior. The more fearful traders are, the fewer the choices they perceive as available to themselves and the easier it is to predict their behavior. You will be able to recognize this clearly in others when you recognize it yourself and work your way out of the condition where you trade with fear.
However, you will need some resource to limit yourself so that you don't get reckless. Getting reckless is exactly what people have a tendency to do if they don't feel any fear, especially if there is a potential for thrilling results, as in trading. The resource you need to limit yourself is self-trust. You will gain the self-trust when you establish a set of rules and guidelines to trade by and know that you will always follow those rules without hesitation, regardless of the temptations to do otherwise.
Once you trust yourself to always do what needs to be done, there will be nothing to fear because the markets won't be able to do anything to you, as