Patience a key for succesfull Trader

Trades in share market are successful only when they are carried out withpatience and peaceful mind. 

Like i said in my previous blogs, before entering into any trade you need to understand the market flow and its direction, this can be identified through price action. After deriving the price action and knowing the pattern you can go for a trade, and to do this all you need to be patient enough.

Markets daily gives you an opportunity to buy or sell any quantity, and daily profits and losses, it is we who choose the margin of both. Sometimes no trade can also be a good trade. Trading is not earning profits daily, it also learning from the looses.

Experience trader learns from his past trades and takes wise decision patiently. Impatient trader often looses and have reason to blame himself after having the bought later the price dropped. Timing is also important for entering and exiting any trade.

Impatient trades lead to unnecessary losses, additional stress, and wasted emotional energy. These factors then cause you to miss valid signals that often occur soon after you get out of a losing trade. If your expectations on price direction are often correct, but you're not usually in a trade when the price moves in that expected direction, your patience is likely off.

Most traders have a strategy they follow that tells them when and where to get into a trade. That strategy, if traded correctly, should help them with a profit otherwise, there's no point in using it. It sounds simple, but traders actually face a problem applying it. When watching a fast-moving chart in real-time, the mind gets tricked into thinking you should get into a trade before the trade setup has fully formed. You don't want to miss a trade, so you get in a bit early and usually end up with a loss. 

How to Improve Patience and Timing

--> This can be done my entering in trade only when setup is formed, not to hurry for any trade

--> If you are entering the trade and from that time price start to drop from your levels, just have brainstorming session and wait for everytime pullback which actually triggers the trade.

--> Try taking limited trades in a week, dont overtrade this can kill your patience.

--> If you'r timing is set to be off, dont hurry for trade, wait for the setup formation and then take short trades and exit with minimal profits.

--> Grow your confidence by booking short profits.

Loosing money is the easiest part in market, rather focus on making it, which requires patience, timing and little bit of study technical and fundamental both