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One of the best paragraph I ever read and that is still printed in my mind:
"Trading is an art that is learned not by adding something to one’s knowledge, but by removing something from one’s nature.
Waiting, for a trader, is the most refined and difficult form of action to master.
To wait and to do nothing are two very different things, within waiting lies opportunity.
In the time “wasted” waiting, the mindset of a true trader is forged.
Waiting is not for everyone, only those who have understood that trading is also a patient hunt, waiting for the prey to stick its nose out of the den, are capable of “wasting” time wisely.
Boredom is a treacherous sidekick of the ego, an apparently harmless ally, yet one that ensnares the minds of many traders.
Lurking, like a cat, scanning for opportunities: it’s a concept universally accepted in theory, but practically ignored by a vast number of aspiring traders.
Doing nothing and waiting are two very different things.
Observing patiently, awaiting the right moment, is boring, very boring.
Opportunities will be missed.
But that is the price to pay to avoid unexpected setbacks, ones that often stem from a small trade made to escape boredom or to chase the latest “trend” everyone is talking about."
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