We are traders and masters of risk. When you become pro you stop over analysing and all you do is sit there, and wait, and wait, and wait some more until you find the perfect trade. What I am saying is that the market makes all the decisions. Our only decision is to listen, feel, and respond to the market’s siren. Always and without exception. Remember, the market never lies. It is only we who lie to ourselves.
Monday, March 19, 2012
Successful Trading requires patience!
Patience is a really important factor in successful trading. This is where a lot of newbie traders fall victum of crashing their accounts. Once in a while we have the urge to do something out of the box. In trading we must always stay discipline and follow our plan 100%. This plan allows you to draw and setup your trading to precision like a sniper. We wait for our target and we take advantage with super precision. Patience is virtue. If you don't have patience to wait for your setup you might as well quit trading. Its quite that simple.
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