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Patience is Not a Virtue but a Discipline
Often we hear the phrase “patience is a virtue”. Of course there is truth in that. Some people are just more patient than others. Some have more ability to stay calm and idle while in situations that tend to make others frustrated and act perhaps recklessly. In trading however, you can’t think of patience as some kind of intrinsic value, you have to treat it as a professional discipline. The ability to “wait” is only justified, when you know “what” to wait for. Otherwise, it could be lack of confidence, fear, or lack of concentration. When you know what it is you have to wait for, you can develop a ... (full story)
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