{"id":44619,"date":"2016-12-03T13:53:09","date_gmt":"2016-12-03T18:53:09","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=44619"},"modified":"2016-12-03T13:53:09","modified_gmt":"2016-12-03T18:53:09","slug":"its-never-just-patience","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/its-never-just-patience","title":{"rendered":"It’s never just patience"},"content":{"rendered":"

Often I hear traders decry their lack of patience. \u00a0If they were only more patient, they would win.<\/p>\n

From my seat, there is more to add to these thoughts of trading frustration.<\/p>\n

You might hear commonly on a trading desk, “I JUST need to wait for my levels.” \u00a0Again the idea is if trader just waits for his levels he will start winning. \u00a0This in itself is not sufficient. \u00a0Trader must also add trades that work for him off of levels. \u00a0Internally we encourage traders to judge every level on a scale of 1-10. \u00a0Trader must define the levels worth trading off of. \u00a0Trader must develop their system that works best with their talents to trade support and resistance levels. \u00a0It does not just start and end with waiting for levels.<\/p>\n

Learn more here with this video\u00a0Wait for your pitch.<\/a><\/strong><\/p>\n

Recently, I received a note from a breakout trader who has really come up the curve quickly with his trading. \u00a0He went from nothing to catching people’s attention with his PnL outbursts. \u00a0He is getting there. \u00a0What does this trader attribute to the spike in winning? \u00a0Patience. \u00a0He really can wait for his best setups and sit on his hands with everything else.<\/p>\n

Great.<\/p>\n

But again this trader’s work does not end here.<\/p>\n

The patient trader has one next large challenge. \u00a0Want to guess what?<\/p>\n

Size.<\/p>\n

The patient trader MUST trade with size. \u00a0The developing trader exhibiting patience, more so than the scalper, or other trading styles, MUST focus on being big enough in his trades. \u00a0Or else he will never make enough money. \u00a0Or else he will never reach his potential.<\/p>\n

Add specific variables and clear language to exactly what your are waiting for. \u00a0Make sure you size up when you see your trades, if you have reached the status of patient trader.<\/p>\n

Related posts<\/strong><\/p>\n

Wait for your pitch (video)<\/a><\/p>\n

Muscle memory and patience<\/a><\/p>\n

Adding a dose of patience to your trading<\/a><\/p>\n

*no relevant positions<\/p>\n","protected":false},"excerpt":{"rendered":"

Often I hear traders decry their lack of patience. \u00a0If they were only more patient, they would win. From my seat, there is more to add to these thoughts of trading frustration. You might hear commonly on a trading desk, “I JUST need to wait for my levels.” \u00a0Again the idea is if trader just waits for his levels he … Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":44521,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4676,260,18,1193,653,1354,1349],"class_list":["post-44619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general-comments-2","tag-day-trading","tag-intraday-trading","tag-smb-capital","tag-trader-education","tag-trader-training","tag-trading-coach","tag-trading-mentor"],"yoast_head":"\nIt's never just patience | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/its-never-just-patience\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"It's never just patience | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Often I hear traders decry their lack of patience. \u00a0If they were only more patient, they would win. 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