Henrik EkenbergMar 11

To succeed in trading you need three types of patience: staying true to your process, waiting for the right moment to enter, and letting your positions run until they tell you to exit.

Most traders fail because they rush. They jump into trades before their setup appears. They exit too early when profits show up. They abandon their strategy after a few losses. This impatience destroys more trading accounts than any market crash ever could. (1/5)

Show threadHenrik Ekenberg
Process patience means following your trading plan even when it gets boring. You might wait days or weeks for your setup to appear. During slow periods, the urge to force trades gets stronger. But patient traders know that quality beats quantity every time. (2/5)
Mar 11 at 11:05amWeb
Show threadHenrik EkenbergMar 11
Entry patience means waiting for all your criteria to align before pulling the trigger. Your technical indicators need to confirm. The risk-reward ratio needs to be right. The market conditions need to match your strategy. Jumping in too early, even by a few minutes, can turn a winning trade into a loser. (3/5)
Show threadHenrik EkenbergMar 11
Exit patience means letting your winners run while cutting your losers short. This goes against human nature. We want to lock in profits quickly because we fear giving them back. But the biggest profits come from trades that you hold longer than feels comfortable. (4/5)
Show threadHenrik EkenbergMar 11

Professional traders understand that the stock market transfers money from the impatient to the patient. While others chase every move, successful traders wait for their edge to appear. They know that missing opportunities is better than forcing bad trades.

Patience isn't passive waiting. It's active discipline that keeps you aligned with what actually makes money in the markets.

https://youtu.be/Ugn2iqQa-0Y (5/5)

Jesse Livermore's Secret to Big Money: "Money is Made by Sitting"

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