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About patience and waiting
Good hunters spend most of their time waiting. The same is true for trading. Learning to appreciate "empty positions" is also a state of mind.
my long-term edge comes from sitting on the sidelines until price aligns with my model. As someone who juggles a full-time job, patience isn’t just a virtue, it’s my edge
So true! Waiting is the game!
THPX55 posted:Good hunters spend most of their time waiting. The same is true for trading. Learning to appreciate "empty positions" is also a state of mind.
So true, patience is a virtue when it comes to trading.
Patiently waiting for the moment when the net is cast is just like fishing in the cold winter. If you take a brief nap, the outcome will be completely different.
THPX55 posted:Good hunters spend most of their time waiting. The same is true for trading. Learning to appreciate "empty positions" is also a state of mind.
..plus waiting really helps to conserve physical and emotional energy. This business is capable to 'traumatize' one if you cannot wait and spend your energies wisely!😎
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Honestly, patience is everything in forex trading. If you don’t wait for the right moments and let emotions take over, it quickly turns into gambling. It’s easy to get caught up and rush into trades just because the market looks tempting. The real challenge is having the self-control to stick to your plan and wait for clear setups. That’s what keeps you from making reckless moves that blow your account. Sometimes the best trade is no trade at all.
One pro tip I swear by for building patience is to set strict entry rules and use alerts. Decide exactly what your trade setup needs to look like—no compromises—and set a price alert so you don’t have to watch the screen all day. This way, you only jump in when your plan lines up perfectly, and you avoid impulsive trades just because you’re bored or anxious.
