The #waiting #game - #trading - #forex #crypto #stocks - all are under the same game!

The title of this post is exactly what we as traders are supposed to do... WAIT!
We have to wait for the correct setups, because in this business the protection of capital comes before profit (it will came in time with the correct setups).

So rule number 1 is... WAIT!

We are sitting in front of our charts... just seeing how candles form. They are building the structure of the next trade, they need their time because big players need their orders to be filled.
These orders can't be filled at ounce because if not the market would be even more volatile. Remember that we are talking about the billions of dollars between different currencies and pairs, so patience is here a virtue.

YOU ARE PAID TO WAIT... if you don't wait for the right setups then the market will take your money. You will find yourself in a constant drawdown waiting and hoping that the trend goes your way.

Why do you need that stress, it is better to read a book, watch some Netflix, exercise, drink a coffee or even have a nap... The candles will do their work and reach the breaking point.
After that, you only need to ride the wave... big players are the ocean and we retail players are surfers waiting for a nice wave to come... you CAN'T ride them all!

In other more focused post I will start with my set of rules... I wrote this one in particular because the pari #EURUSD was going really nice to a break up setup... and the new 4hr came... so a lower wick has to be formed... so guess what???

YES... NO TRADE YET, we have to...?

WAIT!!!