Without patience, it is impossible to make money
Trading is about waiting, because opportunities do not exist all the time. Most of the time, there are no opportunities. What is an opportunity? It is a moment when the probability is in your favor, when high odds appear, and when high odds and high win rates appear simultaneously. Opportunities are not something that can happen every day; such moments are rare. We are waiting for such moments, and when they do not appear, we must control our hands, control our desire to place orders, and control our funds. When the opportunity arises, we must place heavy bets, use profits to validate our ideas, and turn our understanding and thoughts into reality.
Every time you place an order, there will be a wear and tear on your funds, so it is essential to reduce trading frequency. Where is the certainty in trading? In fact, trading certainty is not in the past, not in the future, but in the present, at this very moment; you are betting on the present. The future has not happened, and it is uncertain; it may be what you expect, or it may be the opposite. What we need to do is to keep our eyes wide open, wait for the price to reach a critical point, observe the market's response in real-time, and if the reaction is as you expect, take action, resulting in two outcomes: the expected one, pay attention to your position until you achieve your expected profit; and the opposite of what you expected, cut your losses. If the reaction is not what you expected, do not take action, continue to wait for opportunities.
Patience is particularly important for every trader.
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