couldn't agree more. Running on the rope does not help win the game. Patience with logical analysis do.
Other: Be ambitious when everyone is afraid, be fearful when everyone is euphoric. Any more? (This is not mine, it is from Warren Buffet)
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.
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.