Patience - one of the most important qualities in trading rooms

Lack of patience can cause traders to trade immoderate or wrong, says Dr. Gary Dayton, providing a few tips that can help in making only the best trading decisions. In addition to building your trading skills and strategies, you also need to develop patience.

Dr. Gary Dayton talks about:

- Dr. Dayton to be patient trader is not easily attainable. Any advice on how to develop this quality?

- Of course, patience is real wealth in trading. Many traders itching fingers and trading all day in and out of the market by concluding a large number of transactions.

Impatience can also be expressed in the conclusion of a good deal too early, before it reaches the target or entry into position too early, before they have reached a good level to enter.

A few quick tips: the first is to choose a suitable timetable for trade, especially if you trade in small time horizons, because if you are not very experienced, small timetable as 1- or 5-minute can only stimulate impatience.

Also pay attention to the larger graphics and place orders as you comply with them. Look for inputs in position 30-minute or 1-hour chart, then open a small time graphics to confirm these inputs.
Furthermore, listen, what's in your mind. What your mind tells you about this deal that you want to sign when you feel anxious?

1. Is it because you are less of trade during the day and you want to kill the losses?

2. Or watch market stemitelno goes in one direction and although it is not in your plan to take part in this movement?

3. Or you are in a room full of traders or correspond forum and then you have missed the movement, from which all boast that they have made money, you decide that you need to catch up with another deal?
These are not good reasons to trade. So if you feel that you become impatient, better stop for a second and ask yourself "What you enter in my strategy? This reason is it to get into position?"
Maybe we are not able to control their thoughts, feelings, or the market, but we can definitely control chart period in which trade and reactions to a given situation, if we stop and ask ourselves, "Is this would be a good deal?"

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