Trading requires patience we are told but to what and how should we apply this patience. Let me elaborate. Imagine this scenario. The market has an upside break out. You decide not to chase the market and patiently wait for a pull back. The market keeps rising and rising while you are âpatientlyâ waiting for that pull back. The pull back arrives eventually, you entre the market and get stopped out. Here your patience has not paid any dividends. Second Scenario. You are in a trade which is not going anywhere. You wait and wait and wait until eventually you give up and close the trade with at break even. An hour later the market takes off and your trade would have been profitable had you been just a bit more patient. Here being more patient would have paid dividend. My question is this. Do we need to be more patient with our open trades or do we need to be more patience for the market to pull back. Often the very good moves are those that never look back and when they do, they pull back much further than any predetermined retracement level Fibonacci or otherwise. ET memberâs views most welcome.