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Focus and Patience

 
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mjprec

Focus and Patience

Currently working through Silver 1 Level and it is humbling!

Some random thoughts to help motivate others going through the same level.

FOCUS on ONE task at hand! You can't be working on three different tasks and expect to nail them all.  You may be a scalper and then you need to trade intermediate/long term to fulfill the 15-5-60 or the 25-5-24 tasks.

CHASING bad trades. WOW stop this immediately! Patience grasshopper... wait for the trade to setup... you can't keep losing just because the pivot marker comes up... 

I'm a MINDREADER... Really???  I know just when the market will turn, place the trade, and then immediately get stopped out. 

The definition of insanity is doing the same thing over and over and expecting different results.

Epiphany... I think I'm moving in the right direction... turning over a new leaf... a new direction... 

Patience and Focus

Thu, 08/08/2019 - 1:42am
 
Cristobal Kevin

Good advice!
Happy trading Bee Hive!

 
daryl

Thank you for that, there is good wisdom in your experience.

 
cullmr

Excellent advice. Thinking you can read the market's "mind" is a recipe for disaster. It has no mind, or if it does it is the mind of a whimsical sadist.

 
youprosper4life

of course you are 100% correct you can not have one without the other

 
apifndmun

In working through Gold 2 I have found it even more important to be patient as you are using a much smaller amount of money and it is easier to get in trouble quickly. I really have to watch my indicators closely to ensure I don't get into trouble.