THE BENEFITS OF LIMIT ENTRY: YOU'RE THE BOSS!
This is the biggest benefit of being a limit entry trade. You become the boss and your employees are those who take market entries!
Let me say it bluntly.
Great market players are not those who always look at the market 24/7 but those who look at the market for 30 minutes to an hour and say, "Alright, I'm done for today. Let it be."
The ones who pay them are those who watch the market 24/7.
As opposed to the common belief that the market will payout for your whole day. You're only the salary provider of those who do limit orders. Albeit, those who are also patient with doing market entries will also be your bosses. Don't believe me? Check your recent trades. How many of them are limit orders and how many of them are market orders?
I'm not saying to shift from market entries to limit entries.
I want you to think about becoming the most patient trader of all time!
The whole market is hyped? The whole market is impatient? The whole market is aggressive?
Be the most patient trader!
You can do this.
Stay wise, trade cautiously.