Two Methods for Practicing Patience in Trading

Two Methods for Practicing Patience in Trading

zanurreload

• Hero Member
• 
• Posts: 9595
• Points: 114
• Likes Received: 736
• Reputation: +10/-20

1. Reducing Position Size or Minimizing Leverage
By reducing the position size when you feel impatient, it will be able to relieve stress because you are not too worried about the amount of loss that you will experience. This way you will be able to practice patience.
In addition to reducing the position size, you can also reduce leverage, so that your margin is greater. Margin Call will limit the amount of loss if you may not use Stop Loss. However, this depends on your broker, whether you can change leverage on each trade.

2. Seeing Trend in Higher Time Frames

Experienced daily traders always look to a higher time frame, so they look more patient. You can train it too


Linkback: https://www.forex.zone/general-forex-discussion/1/two-methods-for-practicing-patience-in-trading/1721/

#1 - March 23, 2019, 11:43:06 AM

• Chiffa, Aurora, Fxortrader and RaNo Achndar like this

Re: Two Methods for Practicing Patience in Trading

Chiffa

• Sr. Member
• 
• Posts: 279
• Points: 0
• Likes Received: 84
• Reputation: +1/-0

Quote from: zanurreload on March 23, 2019, 11:43:06 AM

1. Reducing Position Size or Minimizing Leverage
By reducing the position size when you feel impatient, it will be able to relieve stress because you are not too worried about the amount of loss that you will experience. This way you will be able to practice patience.
In addition to reducing the position size, you can also reduce leverage, so that your margin is greater. Margin Call will limit the amount of loss if you may not use Stop Loss. However, this depends on your broker, whether you can change leverage on each trade.

2. Seeing Trend in Higher Time Frames

Experienced daily traders always look to a higher time frame, so they look more patient. You can train it too

I think this method for practicing patience is pretty good.
for the use of laverage in my opinion depends on the size and size of our capital. if large capital uses small laverage it will greatly limit our transactions to get commensurate profits.
In your opinion, what is the capital of $ 200 using laverage?

the second is the use of timefrime which is good at what time?
because every trader must have a trading strategy, whether sort term, mid term or long term.

#2 - March 23, 2019, 12:12:48 PM

Re: Two Methods for Practicing Patience in Trading

zanurreload

• Hero Member
• 
• Posts: 9595
• Points: 114
• Likes Received: 736
• Reputation: +10/-20

Quote from: M.SbrFX on March 23, 2019, 12:12:48 PM

I think this method for practicing patience is pretty good.
for the use of laverage in my opinion depends on the size and size of our capital. if large capital uses small laverage it will greatly limit our transactions to get commensurate profits.
In your opinion, what is the capital of $ 200 using laverage?

the second is the use of timefrime which is good at what time?
because every trader must have a trading strategy, whether sort term, mid term or long term.

I Think if you have $200, Ideal levarage is 1:500. but in one position lot size is 0.01. I f you want see Clear trend i think you use TF daily

#3 - March 23, 2019, 02:19:42 PM

Re: Two Methods for Practicing Patience in Trading

ariezz

• Hero Member
• 
• 
• Posts: 1049
• Points: 5674
• Likes Received: 111
• Reputation: +4/-0

it seems that this strategy has indeed been widely applied, but there are still many traders who do not realize the importance of a discipline in implementing it.

#4 - November 19, 2020, 04:17:13 PM

Re: Two Methods for Practicing Patience in Trading

Miracle Fx

• Hero Member
• 
• 
• Posts: 524
• Points: 0
• Likes Received: 65
• Reputation: +2/-0

Limiting leverage is not too big is a good method and seeing a bigger trend for a wider analysis of the time so that it can predict the market better, this method is very helpful for traders to be more patient in achieving maximum profits.

#5 - November 21, 2020, 06:19:49 PM

Re: Two Methods for Practicing Patience in Trading

Billy Atkinson

• Hero Member
• 
• Posts: 701
• Points: 5910
• Likes Received: 39
• Reputation: +1/-1

patience can be trained with the tips that you mentioned, but if a trader is not disciplined or easily shaky and violates discipline then the trader will also find it difficult to practice patience perfectly.

#6 - November 25, 2020, 05:11:28 PM

Re: Two Methods for Practicing Patience in Trading

Libra

• Sr. Member
• 
• 
• Posts: 452
• Points: 2273
• Likes Received: 13
• Reputation: +0/-0

practice patience we have to do it as well as possible because if we violate or break the rules just a little then we will go back to the beginning.

#7 - November 25, 2020, 05:24:06 PM

Re: Two Methods for Practicing Patience in Trading

FardhanVx

• Sr. Member
• 
• 
• Posts: 463
• Points: 25708
• Likes Received: 20
• Reputation: +1/-3

In my opinion, this method will be very helpful for traders who want to apply patience in trading and want to strengthen their attitude in making decisions wisely.

#8 - November 25, 2020, 06:16:37 PM

Re: Two Methods for Practicing Patience in Trading

Rizky_Rizal46

• Sr. Member
• 
• Posts: 433
• Points: 69385
• Likes Received: 8
• Reputation: +0/-0

patience must be trained with strategies because learning patience is not easy if we do not have the same interests and intentions as we use strategies that are not our own.

#9 - November 26, 2020, 02:57:17 AM

Re: Two Methods for Practicing Patience in Trading

OjoL2904

• Sr. Member
• 
• Posts: 457
• Points: 32784
• Likes Received: 9
• Reputation: +1/-1

keeping lots and using the right time frame can indeed make our trading safer and more focused, besides that it can also control emotions and maintain our patience.

#10 - November 26, 2020, 03:20:54 AM

Re: Two Methods for Practicing Patience in Trading

Sugeng Setiadi

• Sr. Member
• 
• Posts: 378
• Points: 13171
• Likes Received: 13
• Reputation: +0/-0

It seems that not only these 2 tips are to be able to exercise patience in trading but other efforts are still needed so that traders can practice their patience.

#11 - November 26, 2020, 11:41:08 AM

Re: Two Methods for Practicing Patience in Trading

miqbal79

• Sr. Member
• 
• Posts: 448
• Points: 104137
• Likes Received: 12
• Reputation: +1/-0

this method is very appropriate because any setting that will make our account safe coupled with good strategy and psychological control will produce good results too.

#12 - December 02, 2020, 06:15:14 PM

Re: Two Methods for Practicing Patience in Trading

Aryox

• Sr. Member
• 
• Posts: 434
• Points: 0
• Likes Received: 17
• Reputation: +1/-0

Minimizing lots and using the right time frame is part of risk management so to practice patience, risk management also has an important role.

#13 - December 02, 2020, 11:30:09 PM

Re: Two Methods for Practicing Patience in Trading

RaNo Achndar

• Sr. Member
• 
• 
• Posts: 266
• Points: 0
• Likes Received: 19
• Reputation: +1/-0

Practice patience with the trading method Reducing order size and leverage.
The system clearly helps with trading patience by limiting orders from a small leverage.

#14 - December 08, 2020, 04:44:33 PM

Re: Two Methods for Practicing Patience in Trading

Muh0340

• Sr. Member
• 
• Posts: 449
• Points: 45319
• Likes Received: 14
• Reputation: +1/-0

methods that are often used to train patience in forex trading usually traders use 2 ways, first to build a mindset about patience in trading well and second to realize the importance of patience in trading.

#15 - December 10, 2020, 01:05:47 AM