How do you improve patience

Beginner Questions Trading Psychology
61

This is what I do - Set clear and achievable goals for your trading

  • Develop a trading plan beforehand and stick to it
  • Take charge of my emotions
  • Practice risk management and use low leverage
  • Take regular breaks and step away from the market if needed
  • Continuously educate myself and seek out resources to improve my trading skills
62

If you really can’t develop your patience, divert it. Of course make sure you wait for the right setup for your major trades but if these are taking a long time to build, put on a tiny trade every day in the morning and exit on the same day, with just a target and risk of a fiver. Choose your own setup for these one day trades. When you’ve done really well, increase it to two trades a day. Etc.

Have fun.

63

Change your strategies as and when required because the market constantly moves. Journal your trades and stay consistent with the process. There will be times when trading can be emotionally draining, but you have to handle such situations patiently.

64

It can only be achieved through practice and learning.

65

Journal your trades with everything down to the last detail because that will help you stay on track and progress quickly. Include the emotions you felt and learn how to overcome them.

66

Yes. There’s no better way to do it.

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