Patience pays

One of the skills that can be most highly rewarded in trading is that of patience. The ability to not act when others do.

Many discretionary traders note has this can be such an advantage. A few very successful trades often make the trading year. Patience literally pays. And yet, despite knowing this, the lure of the markets means it is very hard for traders to actually stay out of the market.

Trading is enjoyable for its own sake. Trading is also addictive and can result in compulsive behaviour. Therefore, one attribute that will really benefit you is this: stay patient. Are you? Or is impatience harming your bottom line?