Be Patient And Wait For "The Big Opportunity"

I have said on this blog time and again that patience is one of trader`s biggest assets. Jesse Livermore wrote in his book "How To Trade In Stocks", "In the long run, patience counts more then any other single element except knowledge. The two really go hand in hand."

Its important to be patient in the trade selection process, to be patient and wait for those situations that come along very rarely. The march low in the stock market was obviously one of those situations and the Euribor low may very well be the next big evolving trading opportunity. I have spotted the opportunity and I hope I will be patient enough to sit on this position for a big move and have the courage to add when the markets prove me that I am right.


I am sure we all do hundreds or even thousands of trades per year. But the reality is that the ones that really count for the best or for the worst are relatively few. We have to focus on those.

Oil Trader`s Blog is a website for active online futures and stock traders. I will provide my real time trading decisions and my market thoughts on this webpage.