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Day trading relies on many skills, none of which is more important than being patient. Patience is very difficult for many day traders because in all actuality, it works against you. What do I mean? In order to have success as a day trader (because the skill is so hard and challenging), you need to be an ambitious person by nature. Ambitious people however are people that like to “go and do”, not sit around and wait. Therein lies the problem as many times we as day traders must “sit around and wait”. This goes against our own nature! It feels like we’re instinctively doing something wrong! If you want to make money, consistently, you need to be a picky trader! You need to have an exact set of rules and criteria so you know what is worthy of your attention and what is not. It’s very hard to be patient when you don’t even know what you should be looking for in the first place. Even after you get a strategy, patience and being picky is not easy; however, you are certainly putting yourself in a much better spot as a trader to succeed. Let me show you how this all works using some of my personal day trading results I captured on video. You’ll see I was very picky and while it can be annoying at times, it was still able to put over $500 into my pocket!
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