Quote from: Janation on Today at 07:28:19 AM

Quote from: okala on July 24, 2020, 07:53:27 PM

Quote from: Lorokan on June 02, 2020, 09:07:38 PM

A lot of people do not want agree that surviving in the market today requires every trader to come to terms that they are trading on probability and at every moment of the trade there are series of different possible outcomes.

As a trader, the best you can do is find the most likely scenario based on the data you have and understanding the risk involved too.
Choose the best probable outcomes that favors you to avoid stories as rekt.

It is not only trading that is based on probability but life itself. It has been proven that no person nor software that can accurately predict the market as our trading decision is based on the accumulated mind. It is decision we take base on faith and fear. However the patience traders always end up in profits.

Patience is also a double-edged sword

I've always been telling that patience is overrated (as well as confidence)

The point is, if you lack knowledge and understanding of the market and the situation, then no amount of patience is going to help you. On the other hand, armed with true knowledge and genuine understanding, you don't need patience at all for the simple reason you would exactly when to trade and when not to trade. Psychologically, impatience is a result of misunderstanding, of not knowing what to do and when to do it