Trading Mistake:Lack of Patience

Traders always are working on a double edged sword; Small mistake committed by them can turn out to be large loss for their trading account. Trading is a high risk profession and you should always be on your toes else one move by market against you, can wipe out your whole trading account. A trader should be disciplined, have a sound risk and money management and should be very strong in trading psychology. Lets discuss one more quality a trader should have, “Patience”
I have seen many traders losing money and busting their trading account due to Lack of Patience. Patience is required while entering the trade, holding the trade and lastly in exiting the trade. You try to hurry in any one of the 3 scenarios you either end u losing money or exiting well before the trade shows its true colors. It’s a well known facts markets trend only 20% of the time, and, from my experience, I would say that this is an accurate statement. So think about it, the other 80% of the time the markets are not trending in one clear direction.
Big money is always ..

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