Trading is essentially an art of waiting, requiring precise judgment and the ability to endure and hold firm, a rare and high-threshold quality. Most people enter the market hoping to get rich overnight, neglecting the need to learn patiently and wait for the right moment.
There was a story about a man who aspired to become a billionaire before the age of 40. He quit his job at 35 to start a business and tried various ventures but failed. His wife advised him to seek help from a wise man. The wise man told him to clean the courtyard of fallen leaves before revealing the method to make money. After an hour of sweeping, the leaves were still abundant, and by sunset, the same was true. The wise man explained that human desires are like fallen leaves, covering patience; patience is the key to wealth, but the man only had one day's worth of patience and must wait until winter for all the leaves to fall before he could clean it up.
Successful trading is 90% waiting and 10% operation; trades are made only when opening conditions are met, or else there is endless waiting. A good entry point almost determines half of the trading success. After opening a position, either a profit or a small loss can greatly boost confidence. However, many traders enter positions hastily with a lucky mindset, enduring floating losses and ultimately losing everything. Waiting is not static but involves seeking the best opportunities. The trading master Livermore understood the importance of patiently waiting. Traders without a trading system need to learn patiently, but most market traders wait blindly, not wanting to wait or knowing what to wait for, eager to make quick money, thinking every fluctuation is an opportunity, and getting caught in trades. Therefore, the market often eliminates such individuals. However, some reflect and summarize after failure, establishing a trading system through learning techniques and reviewing trades. Great trading requires patiently waiting for the right entry time and maintaining a proper mindset to achieve success.