Mastering Patience in trading

Trading is full of challenge, and managing our emotions is a big part of success. Trading can really test our patience and emotions, but learning how to stay calm and focused is key to long-term success. The market can be unpredictable, but our mindset doesn’t have to be. Stay disciplined, stay patient, and remember - it’s all part of the process :muscle: :chart_with_upwards_trend:

How do you stay grounded when market challenges you?

My go-to way is really to step back and take a breather. :sweat_smile: As they say, sometimes, no trade is the best trade (especially if there’s frustration involved. :sweat_smile:) If you don’t mind, has there recently been a trade that challenged your patience? :smiley:

Absolutely! there have definitely been trades recently that test my patient especially when the market wasn’t moving the way I expected. I think you’re right, learning to step back as you said, is often the best move. Sometimes it’s about sitting tight and letting the market settle rather than forcing a trade. :innocent:

at first its kind of a roller coster ride when watching a trade for the first time (live), fear excitement joy sadness anger haha, i still remember my first blown account at hfm back in 2012 i believe, that was a heart break, but with time and experience and going through it again and again, u simply normalize it and get used to it.

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I stay patient by looking at the risk. Do I really want to potentially lose this kind of money? Is this set up really that good to take a trade with this sizing or should I size down or skip it completely. Also, I look at patience as another skill in trading. By waiting and dealing with my emotions that might counter act my patience I am honing a skill that will make me more profitable.

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thank you for sharing your experience

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Thank you :innocent:

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Hi @jomina, first at all we can’t predict market. So we will never know what will happen before hand. So every trading signal will be the same in the beginning.

What make a situation special is when it moves against you. You have mixed feeling because of your expectation is wrong. So one of the problem is expectation.

A position becomes interesting when you see the amount of loses is significant. When you see your floating profit is blue, only enjoyment. When it turns to red, worries and fears seduce you. So the problem is the amount of money you feel comfortable, the intersection between profit and loss, greed and fear.

So the conclusion is you need to build your trading stats and implement good money and risk management.

Trading stats shows you the statistic of your trading, it is all about win rate and reward ratio. Knowing your stats, you will have confident to every position you have. Win and loss is no longer an issue. Everything is about probability.

Money & risk management will help you maintain your psychology. Trading wont effect you emotionally, since every position is done according to your comfort zone and limit. So what to bother?

It’s predicted and base on stats you will gain profit. Just do it according to the plan. :slightly_smiling_face:

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thank you, you’re right!

I stay grounded by sticking to my plan and not letting emotions take over. If things get tough, I take a step back, clear my mind, and focus on the bigger picture. It helps me stay calm and focused.

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I don’t expect quick success. Realizing that trading is a marathon, not a sprint, has helped me stay patient and keep a steady mindset.

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that’s the best thing to do, thanks for sharing really help!

I like the perspective, thanks

I smoke cannabis prescribed by my doctor. It keeps the focus why staying calm and slowing me to let trades run

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As an exercise in patience select the S&P500 daily chart and wait for a swing buy signal with confirmatory price action.

Don’t hold your breath. Make sure to stay hydrated. Stand up and move about the room periodically. Don’t short the S&P.

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Although The forex market is always changing what you need really is a good strategy. A one that works in any condition. It’s hard to come by such a strategy and so many beginners quit. Nevertheless there are such strategies and I have been using one for years and it has been really profitable

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thanks for the advice, yes that’s true developing a good strategy is essential for a profitable trading

I stay grounded by setting clear trading plans and goals, which helps me remain disciplined. Regular breaks keep my mind clear, and journaling my thoughts and trades helps track emotions. Practicing mindfulness and focusing on the process rather than outcomes reinforces my resilience during market challenges. Staying patient is crucial.

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Totally agree with you

Look up the term FOMO and you’ll probably see a picture of me, I’m the classic FOMO case. :grin:

I get impatient when I don’t have a position in the strongest trending markets. This is why my process is focused on analyzing the big picture macro to get an understanding of where the strongest trends will be over the coming months and to make sure I’m onboard before the train leaves the station.

Basically going through my process on a daily basis, keeps me calm and focused where I need to be.

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