The Diary 7-15-09

Patience

Patience is one of the weaknesses I have to work on. I’ve noticed that in my trading and musical pursuits I lack a lot of patience. I’m at the kindergarten level at all of my endeavors. However, I want to be at the college level overnight. Patience isn’t something that can be learned in school or a book. It is however essential to succeeding in anything.

I’ve been practicing guitar songs, playing the piano, and of course trading. I’ve changed my approach to watching 15 minute charts on the EUR/USD to execute trades now. Signals take longer to develop but are more reliable. The five minute charts had me jumping in and out of trades to quickly, subsequently, losing money. As far as practicing, it’s very painful to hear myself playing Skip to My Lou, but I must master the song.