I spend a lot of time standing aside. The majority of it. I think it helps to have some things that you can do while not on a trade, so you can still keep an eye on it and not obsess with staring at a chart the whole time. I find that if I have something to do, it helps keep me from jumping in and doing something silly just because I’m bored with not being in the market.
You can study, play a game, practice music, whatever, as long as you can still keep an eye on your charts so you don’t miss the opportunity when it comes up.