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There seems to be some confusion out there, one that is being perpetuated, whereby you need to wait for days to capture a good trade, or at least 1+R. Where waiting for days on end means having ‘patience‘.
Don’t get me wrong, patience is highly useful for trading. Some people have full time jobs, with only a few hours available behind the charts. If that is you, then it’s probably best you trade daily and 4hr strategies, or lower time frame set and forget systems.
Regardless, this doesn’t mean you should be waiting for 1-2 weeks just to capture a measly 1R profit. And it certainly doesn’t mean you should be sitting for an entire week …... Keep reading