Most of your time trading is waiting for the ideal correct setup to occur. There will always be money left on the table – you will never catch 100% of the move, and once you realize that, you’ll be miles ahead of this misunderstood game.
You are waiting for those perfect setups. The better the setup is, the greater chance of you winning the trade. If you are not winning between 70% – 80% of your trades, you need to step back and start waiting for better setups.
The greater amount of indicators that agree with your potential trade, the higher the chances you have of winning the trade. Remember, you are mainly paid to wait, and the better you are at waiting for the perfect setups, the more money you make.
But you also must understand that after all that waiting for the ideal setup to occur, you then have to wait even more for that trade to mature into a nice profit. So what’s the name of this game? Wait! Wait! Wait! Then wait some more!