Action Through Inaction

[Stocktracker]

I just wanted to say what this blogpost means for me personally.
I trade discretionary, but of course, I have rules and a strategy.
But when over the last dozens of trades, I thought: 'This or that is probably going to happen' And then I go short or long. I find the outcome has been around 50/50. , Nothing wrong with that, if the losers are smaller than the winners.
But the times when I have thought: 'I have seen this scenario before, in fact I KNOW this scenario' The outcome has been much better, more like close to 90%, and with much less pain, and my stop placement was much clearer.
I hope this makes sense.

“Patience is bitter, but its fruit is sweet.”
― Aristotle
“He that can have patience can have what he will.”
*Benjamin Franklin
“The strongest of all warriors are these two — Time and Patience.”
* Leo Tolstoy, War and Peace
“Trying to understand is like straining through muddy water. Have the patience to wait! Be still and allow the mud to settle.”
* Lao Tzo
After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!”
*Jesse Livermore