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New Trader

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Enquiry from a new trader

A new trader (who will remain anonymous) has contacted us to ask for some help. I’ll deal with each point, as it is of value to other new traders but largely for my own reflection. This is what we do, and we do this stuff for free and no obligation – ever! Note that I (or we) am/are as brutal as the markets will be. I (or we) am/are not here to encourage or facilitateRead More

A brief exploration of how patience can affect trading

Patience in trading

What is patience? According the Cambridge English Dictionary, it means: “the ability to wait, or to continue doing something despite difficulties, or to suffer without complaining or becoming annoyed.” Patience is of course a psychological characteristic. It certainly isn’t something physical. The opposite of patience is of course impatience. Why is patience important? As a new trader you may have started off trading on lower time frames such as 5 min or 15 min, limitedRead More