Daytrading patience time alert
Trading, in any timeframe, requires patience
By tta - Posted on June 25th, 2009
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Traders use charts to find good patterns. When a good setup appears, any experienced trader can recognize it, and can profit from it. If you trade the market, you've experienced these good trades. You just want to capture more of them, and even more importantly, stay out of more bad trades. How are so many traders able to win on their first few trades? Because we all recognize a trend. It's simple. The problem starts when we distort our views when we're in a position. So when we're long, we see an uptrend that isn't there. Or see a bottom reversal that's just wishful thinking.