Robert Mark_ Brown

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What is patience in trading and why is it critical?

Patience allows traders to wait for high-probability setups instead of chasing random opportunities. Impatient traders often overtrade, leading to higher costs and unnecessary losses. Patience is developed by trusting strategies, using alerts, and focusing on quality over quantity. It helps traders avoid FOMO and align trades with clear risk-reward conditions. Patience, combined with discipline, is what differentiates profitable long-term traders from emotional short-term speculators.