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Patience
Manage episode 410668006 series 3501678
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Lack of patience is probably one of the greatest trader-killers out there. If that grabs your attention, it should. In my experience, when a trader starts to develop technical skill and starts to potentially become profitable, it is the lack of patience that ends their career. Lack of patience is related closely to FOMO and they are both concepts that you need to handle if you truly want to be a disciplined trader. Without discipline you will lose. Understand that first you need the technical skill, but oftentimes traders with the technical skill don’t have the discipline to do what they know (or should know) they are supposed to do.
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