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Your Job is to Wait

One of the biggest lessons we have learned is that waiting is the hard part. This really sank in after watching an SMB video where Mike was reading a traders mantra that included the phrase “I’m a wait for the moment trader…”

When you start to think about it you can break all of trading down by periods of waiting.

Wait and learn the skills

Waiting for the moment of entry

Waiting for the trade to work

Waiting to take profit

Waiting for the next great setup

Waiting for the consolidation to end

Waiting, Waiting, Waiting, Waiting….

Learning patience and developing a system to make you wait is one of the keys to becoming a profitable trader. Our biggest advantage in this aspect of trading is trading as a team. We are constantly insisting that we wait for the proper moments. Our job has become to wait for the moment.

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