This is a game of patience? How to get patience?

Quote from Tums:

If you know what signal you are looking for, there is no reason to act before it arrives.
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Tums,

Here is another concurrent thread he started today in strategy trading forum:

"Let's completely forget about trying to pick exact tops/bottoms.
Much less trying fade trends, by trading against the main trend.
This just doesn't work consistently.

So how to spot the early signs that the trend changed.
How to protect yourself?
Where to place stop loss orders?
Reversal orders?"

Obviously "patience" is not in any of the OP's pictures related to his becoming a traderin the future.

It is not a matter of patience in my opinion. This combo of OP postings adds up to ANXIETY.

A potential trader has to recognize that learning involves two classes of effort: resource building and technique building.

His first paragraph defines missing technique.

He has no chance of getting a technique because he has zero resources apparently.

Wonder what the trading plan and the business plans look like.
 
To the OP:

To have patience you need to have some cash.
Check your trades. Especially the ones you exited because they were losers and were tying up your trading capital. Check them out! Most of them -- if you're not an absolute fool -- probably would have made money if you had had some staying power (staying power = cash). Isn't that so?

Low capitalization is the day trader's biggest problem. Face it. Get some cash and get some staying power.
 
Patience should not be an issue. If you are experienced with whatever strategy(strategies) you use then you should have a very good idea of how long the trade will last. If you make a trade and the average amount of time it takes for a trade to turn successful is 20 minutes then for 5 or 10 minutes make absolutely sure you do not have one thought about the trade because you will get anxiety looking at it every 5 seconds. Make a trade and go do some push ups or something. Think of it like golf. If you only have anxiety and negative thoughts in your back swing than your shot will be shit. Once you hit the ball you cannot control it. Once you make a trade you cannot control it. The ball will go where it goes. A trade will go where it goes. If you do not trust the trade about going where you think it will go then you will fail.
 
Quote from crgarcia:

IMHO patience is as important as skills.
I think most people lose from being impatient.

So, How to get patience?
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Not sure if you want this [patience]. Most ppl are still waiting for the dot com to reemerge.
 
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