Learn to wait

Discussion in 'Trading' started by trader1974, Nov 11, 2019.

  1. dealbr

    dealbr

    couldn't agree more. Running on the rope does not help win the game. Patience with logical analysis do.
     
    #11     Nov 11, 2019
  2. padutrader

    padutrader

    tell me something my wife does not know
     
    #12     Nov 11, 2019
  3. padutrader

    padutrader

    tell me something my wife does not know
     
    #13     Nov 11, 2019
  4. trader1974

    trader1974

    Operating against the trend, there is probably no advantage.
     
    #14     Nov 11, 2019
  5. trader1974

    trader1974

    You don't need "much advantage" Just get 2-3 points a day.
     
    #15     Nov 11, 2019
    cafeole likes this.
  6. ET180

    ET180

    Probably the best overall trading advice I have seen anywhere on the internet.
     
    #16     Nov 11, 2019
  7. trader1974

    trader1974

    Thank you, today I woke up inspired :)
     
    #17     Nov 11, 2019
    Nobert likes this.
  8. trader1974

    trader1974

    Other:
    Be ambitious when everyone is afraid, be fearful when everyone is euphoric.
    Any more? :sneaky:
    (This is not mine, it is from Warren Buffet)
     
    Last edited: Nov 11, 2019
    #18     Nov 11, 2019
  9. Louis_tr

    Louis_tr

    That’s a very good point picked up here. Impatience is something that can take all of us away from our profitable trading ventures and this is happening with many traders in reality too.
     
    #19     Nov 13, 2019
  10. All in all trading is a very boring daily business. If you have a plan with crystal clear entries, risk management and exits, its just a execution job. You have to wait for signals of your strategy and that is most of the time very boring.

    Daily trading and sticking to your plan is not as breathtaking as the trading industry would have us believe.
     
    #20     Nov 14, 2019