Patience pays $$$

Today was a great day to learn patience.
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After doing our technical analysis this morning, with the students, in our daily webinar, we were convinced the S&P Futures (ES) was going to come up to around 5284.
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We had multiple confirmations and we were excited to take the trade.
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Well the market shut up and came four Points short of that area.
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So 15 minutes to do our technical analysis; we waited for about 2 hours for the market to get to our line, only to have it disappoint us by turning around short of our area.
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This scenario happens quite often. The difference is who are you going to be when this happens.
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There were a lot of Trades that presented itself while we waited, and there were a lot of Trades that looked promising after our trade fell short of the target.
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As Warren Buffett says, 'the stock market is a place where money is transferred from the impatient to the patient.'
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Once you find your target and you are locked and loaded, you wait to take the shot.
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If the trade doesn't happen, it wasn't your trade.
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Jumping from one trade to another because you are impatient, is the fastest way to blow up your account. Stay patient and wait for your trade.
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Always live to trade another day and think abundantly. There will be another trade. There are an infinite number of Trades out there.
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*** THIS IS FOR ENTERTAINMENT PURPOSES ONLY AND IT'S NOT MEANT AS PROFESSIONAL ADVICE. I NEVER GIVE INVESTMENT OR FINANCIAL ADVICE. TAKE RESPONSIBILITY FOR YOUR ACTIONS ALWAYS ***
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