how do you improve patience
Page 1 of 735 123 ... LastLast
Results 1 to 10 of 341

Thread: how do you improve patience

  1. #1
    Hi all traders, I am nearly profitable, but I have one very major problem:
    My individual...I dont have enough individual to pause on the correct chance. In each trading month I am taking lot of great but also lot of poor chances. The largest problem is my individual, how can you deal with it, how do I improve it? I need advices. . .thanks for all remarks;-)

  2. #2
    Quote Originally Posted by ;
    Hi all traders, I'm nearly profitable, but I have one very big issue:
    My individual...I dont have sufficient individual to pause on the proper opportunity. In each trading month I'm taking lot of great but also lot of bad chances. The largest problem is my individual, how do you cope with this, how do I improve it? I need practical advices. . .thanks for all remarks;--RRB-
    decide on a day or time you will not exchange

    example: you decide you will not exchange this friday


    currently on friday you sit and watch the market each day but You Cannot take any trades... you will become individual and you will also learn that there are going to be a million chances in the future

  3. #3
    Quote Originally Posted by ;
    Hi all traders, I am almost profitable, but I have one very big problem:
    My individual...I dont have enough individual to pause on the proper opportunity. In every trading month I am taking lot of good but also lot of poor opportunities. The largest problem is my individual, how can you cope with this, how do I improve it? I need practical advices. . .thanks for all remarks;--RRB-
    depending upon your type of system, it sounds like you are doing one of 2 things (or perhaps both)...

    1. You are taking setups which are not A installments (according to your system)
    2. You are jumping in early since you are attempting to jump your signal and get in

    Can you tell us why you believe you are not waiting for the proper prospect?

  4. #4
    Set and forget it.

    Look at the ATR (average true range) of the pair you are trading.

    Be conscious of news which may sway it.

    Look at this as a 24 hour DAY - NOT JUST YOUR SESSION.

    ---------------------------------------------------------

    THEN WALK AWAY.

    Wait each hour or 4 - Should you've got a nice entry a legitimate reason for entering - technical or fundamental - NEVER WALK AWAY FROM NEWS TRADES -

    You will probably return into a trade well in profit to your liking.

    This takes HOMEWORK though. Chart reading and study, if you wont or can not
    do that then just flip a coin.

    --------------------------------------------------

    Other options.

    View a movie, go for a walk, make a phonecall, do some paperwork, proceed through that pile of mail. (YOU KNOW THE MARKET IS THERE) Jeese GO TO SLEEEP- READ NEWS....

    In the event that you can't stop f#cking with your LIVE account in this point then start a demo and exchange that day - Lose 1000s and return to your actual account that SHOULD be in profit if you haven't tampered with it and also enjoy your gains as you see fit.

    Now, Don't set silly stops like trading the H1 cable chart with a 30 pip stop.

    Search for setups which are on major support / trendlines / supply regions, this way it's possible to make a tighter stop and should know within that following M30 pub if you are right or wrong. Next Correct.

    DON'T stare in precisely the same chart / same pair /same display daily.

    The minute you close a position at 30 pips induce you think that it's
    done-
    The back and fill is full and it rockets 60 =lling 90 greenies for you if you keep in.

    JUST my 2.5 gold dollars. Good luck.
    X

    - just discovered you are a centaur... READ A BOOK. You'd like Piers Anthony or one on TRADING</b>

  5. #5
    Quote Originally Posted by ;
    Hi all traders, I am almost profitable, but I have one really big issue:
    My individual...I dont have enough individual to wait on the correct chance. In every trading month I am taking lot of great but also lot of poor chances. The biggest problem is my individual, how do you deal with it, how do I improve it? I want practical advices. . .thanks for all opinions;--RRB-
    Why are impatient? What's the reason? Is it greed? Or do you get tired and seek action? Or do you think that high frequency trading translates into profits? Etc#8230;. .

    Quite simply, first indentify the real problem, then deal with the real problem that's manifesting through impatience.

    If you don't deal with the real cause, then all else will probably eventually fail since you8217;ll be transferring your issues from system to system, from 1 timeframe to some other interval, etc...

  6. #6
    Quote Originally Posted by ;
    Hi all traders, I am almost profitable, but I have one really major problem:
    My individual...I dont have enough individual to wait on the correct opportunity. In each trading month I am taking lot of good but also lot of bad opportunities. The problem is my individual, how do you deal with it, how do it improve? I want practical advices. . .thanks for all opinions;--RRB-
    I'd say it sounds like you will need some help in identifying good from bad transactions inside your system. You might want to blame it upon your patience, but in the event that you really had a logical theory in regard to what's a good versus poor transaction, then why do you choose the bad transactions? Establish a good vs bad trade and also the patience will come.

    As I said, I think you need to do some thinking in your method. If you can notice that you are taking bad transactions, that doesn't have anything to do with patience, as why would you choose a bad transaction? Do you like to lose money?

    Your expertise in differentiating good vs bad trades will help your patience, but until you can clearly recognize this, you'll have as much patience on earth, but it seems you will nonetheless take bad transactions. Try and place clearer rules for entry and exit.

  7. #7
    is a process. It does not happen overnight. Everything you have to do is be aware in everything that you do. If you think you lost your patience, then you should be aware of it. If not, that is a problem.

  8. #8
    Don't stress over missing a trade opportunity. Realize front you may miss some opportunities and it's ok there are always new ones that come along.

    Learn to be pleased with everything you have. Often times it's the greed emotion that triggers what you're having. Everybody has got this emotion to some degree and it's the death of many a trader. You have to lock this guy he or she can ruin you.

    Set more parameters to check before you input any trade. Set up a check list of criteria that is complete what you should have to open a trade. Then follow these guidelines each time you open a trade. Doing this manually can be a challenge however much easier with an EA as you can place the EA with all your parameters when you find an entry you just turn on the EA.... It assesses all your guidelines.

    If none exist it does not open the trade and upon you viewing such you learn how to control yourself because the EA together with your rules forces you to.

  9. #9
    Hi
    learning all the way,. .
    Same with me, nevertheless know to be patience with my worst enemy

  10. #10
    I like Xtrades rush down. It is important to be able to separate yourself from the market until this time comes that you need to be there. So often we're sitting there waiting for the market to do something that we wind up behaving up a non signal simply to warrant your sitting there. I am not trading unless I have an active trade is a mindset that create errors and un-neccesary stress.

    Should you trade full time then you should take note that the markets are constantly there and walking out is not likely to get any adverse results. I like to begin my week looking at the weekly of a couple currencysstocks, whatever it's that I am likely to be trading this week and see where the market is at. If there is nothing valid then I put a line through it and dismiss it until Wednesday and proceed onto another chart. When there is a market acting in a tradable manner, if it as or getting into a point on the weekly then I will look at the daily and put up some alerts to inform me once I need to be looking. Throughout the day I will check out and in but when I get a scenario that is tradable then I concentrate in. In all other environments I am emotionally un attached.

    If something happens and I miss it it bums me out but I proceed. The importance of being able to live your own life and revel in yourself takes precedence over trading. The only time you want to be busy is when the market is behaving in manner that you are able to execute. Currently there'll be times were there is literally nothing, there'll be times when you take a few losses. These days you can manage to minimise your trading, however when there are times that call for your immediate care and you will find transactions available then I can spend 4-8 hours trading and taking a hot market for what it's worth.

    is variable for different people and such as the emotional aspects you'll have people that are completely of it and you will find many others who just cant get away from it. It is crucial to work it towards your positive scope but dont be scared to avoid your charts to get daily. Have a holiday and leave your charts behind. Nothing can damage your account more than you overtrading in bad whether as you cant walk away.

    Take care

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners.