Tip #9
Don't force trades. If you're not seeing a good setup, don't force a trade just because you want to be active. The market will always be there, and there will always be other opportunities. Being patient and waiting for the right trade will help you to make better decisions and avoid losses.
Here are some other tips for being patient in trading:
Have a trading plan. A trading plan will help you to stay disciplined and avoid making emotional decisions. Your trading plan should include your trading style, risk tolerance, and entry and exit criteria.
Set realistic expectations. Don't expect to make a lot of money quickly. Trading is a long-term game, and it takes time to develop the skills and experience you need to be successful.
Take breaks. If you're feeling frustrated or stressed, take a break from trading. Go for a walk or spend time with your loved ones. Coming back to trading refreshed and relaxed will help you to make better decisions.
Patience is an essential skill for any trader. By being patient, you can avoid making emotional decisions and increase your chances of success.