Negative emotions have a stronger impact than good ones. For example, we are more upset about losing $10 than we are happy finding $10
That is exactly why Disciplinify works. It helps you define your trading goal by keeping you accountable and leveraging the power of putting money on the line to turn that trading goal into reality
Disciplinify was built with the help of other traders to ensure that you will be able to not just track your progress, but also build profitable trading habits. With its commitment contract, Disciplinify will keep you accountable at all times- just like a trading mentor. Check out below how it works.
Losses loom larger than gains.
Kahneman & Tversky
Traders are loss-averse by nature. What that means is that we (just like other humans) hate to lose money. We (traders) give into immediate gratification at the expense of our long-term goals. Imagine increasing position size after a losing streak vs. sticking to our trading plan and being consistently profitable.
Setting trading goals and reaching them is really hard. Disciplinify works not only because it helps traders through tracking their progress, but more importantly because it uses “commitment contracts”. But what is a “commitment contract”?
A “commitment contract” is a binding agreement that you sign with yourself to make sure you follow through with your intentions. This process works because you are utilizing the psychological power of loss aversion to drive behavior change.
By committing to Disciplinify’s 60-day routine, you leverage the power of putting money on the line (2 months x $6.95) to turn your goal into reality. Here is a diagram of the process:
Born with the help of professional traders, Disciplinify is the outcome of what they always wished was present, so they could stick to their trading plans better. After testing the app, Disciplinify has shown that it improves results and increases trading discipline by a factor of 2.5x! Last but no least, Disciplinify is making sure that you always have your trading plan in your pocket when you most need it. This is what helping other traders really mean and that is what the major idea behind Project Disciplinify is!
Co-founder and CEO
It didn’t take long for Atanas to spot the need for an app that helps traders stay disciplined. After conducting extensive research on trading from both groups of very successful and beginner traders, a common pattern occurred...
COO and Head of Growth
Can dissect any Excel sheet and expand it into a 10-page memo. 1 part growth hacker, 1 part entrepreneur, 2 parts geek and 3 parts helping others achieve their goals
When compared against each other people dislike losing more than they like winning. Thus losses loom larger than gains even though the value in monetary terms may be identical.
Absolutely. That is one of the major goals of the app
Yes. All comments are customizable.
We are working on creating one. Please use the form to enter your details and be notified when it is done (insert a link that leads you to the form)
Nope. Disciplinify can be used by traders trading Stocks, Futures, Crypto and Commodities.
First- a daily login is one of the major goals of the app- to make you more disciplined by login every day for 60 consecutive days. Second- by login 60 consecutive days you will build the habit of journaling your trades, which has proven to be one of the major reasons behind successful traders.
Disciplinify will help you in many more ways than just journaling. It will remind you to journal; you can track your progress and see where you are failing or what your weak points are. Disciplinify will also and in our opinion mostly help you by abiding to its “commitment contracts”. Disciplinify will undoubtedly improve your trading results a lot quicker than just journaling your trades on Excel.
As you probably already know, the main goal of the app and paying for the app is to make you login every day. The app tracks every time you login, so if you have been logging in for the past 60 days EVERY DAY, you will get an automatic refund of the whole amount spent in the end of the period. Then the app is free to use.
Yes! The app comes with a free 7-days trial, after which if you don’t cancel you are billed monthly 6.95USD for two consecutive months only.
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