Patience

PatienceLesson 3 of 84 min read

Only the obvious ones

The quality bar for a trade, why one confluence is not enough, and the kind of setup you are supposed to pass on.

Patience is not sitting still for its own sake. It is waiting for one specific thing: a setup good enough to be worth money.

The bar

The trade you are waiting for is the one where there is no real argument against taking it.

Everything lines up. The direction agrees with the higher timeframe, price is at a level that matters, and the confirmation you require has printed.

If you have to talk yourself into it, it is not the trade.

One confluence is not a setup

A confluence is one reason that supports the trade. A single reason is thin.

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