18: No Patience
Imagine those days you look at your charts and you can’t find any trade setup to trade? So what do you do. You start getting impatient and now you look for an excuse to find other trading setups/patterns that are not part of you trading system.
Maybe you trading system is based on the daily timeframe. But now because there’s not trading setup happening on the daily timeframe, you are not going down the 1hr looking for an excuse to trade there.
This, traders, is a classic example of having no patience in forex trading.
Solution:
- Watch YMCA’s America’s Got Talent On Youtube
- Play Packman or a computer game
- Do something else, get away form the computer, maybe read a trading book or something.