The hardest lessons a trader will learn usually result from impatience. In day trading, you deal with two forms of this weakness.
The first kind of impatience you're going to feel right out the gate, from your first day as a beginner. Most amateurs want to fast-track their way to pro-trader glory. What they don't understand is that the true road to success is about slowing down and taking the time to learn the deep skills of day trading.
Everyone wants to progress quickly in this business. The sad truth is that most beginners lose their start-up capital—at least once. Amateurs quickly get impatient when they can't keep their profits consistent. Finding the tolerance to deal with slow progress is too hard. It's not what they expected. Then they get reckless and lose.
The realistic way to see day trading is to picture a college student earning his Master's degree. It certainly takes patience—and years—to achieve a Master's degree. Why should becoming a pro-trader demand anything less from a person?
You feel the second type of impatience when you're down in the trenches of day trading, and you're learning to wait for your intra-day signals. Intra-day trading patience is what really counts in pro-trading. You must have the ability to sit at a trade station with the focus of a lion that watches its prey.
Impatience, and all the losses that result, causes amateurs to crash and burn and give up. The good news is that, with my system, you're going to hit most price targets in the first two hours of the market. You need to be on high alert for only 120 candlesticks on the charts. Essentially, you're paying yourself to be patient for 120 minutes.
Amateur Impatience
Intra-day Trading Impatience
3.136.97.64