LIMIT ENTRY BENEFITS: YOU ARE IN CONTROLL!
The main advantage of being a limit entry trader is this. Your employees are the ones who enter the market, and you become the boss!
Allow me to be direct.
Those who look at the market for 30 to 60 minutes and decide, "Okay, I'm done for today. Let it be," are great market players, not those who watch it all day, every day.
Those that keep a close eye on the market are the ones who pay them.
as opposed to the widely held notion that you will profit from the market all day long. The only people who pay you are those who place limit orders. However, your supervisors will also be those who are patient when entering the market. You don't trust me? Examine your most recent transactions. What percentage are market orders and what percentage are limit orders?
Moving from market entries to limit entries is not what I'm advocating.
I would like you to consider becoming the most patient trader ever!
Is the entire market overhyped? Is the market as a whole impatient? Is the market as a whole aggressive?
Be the trader with the most patience!
This is something you can accomplish.
Stay wise, trade cautiously.