Secret 31BE PATIENT
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“Patience and perseverance have a magical effect before
which difficulties disappear and obstacles vanish.”
—John Quincy Adams
One of the most important attributes of a professional option
trader is patience, the patience to wait for the good trade and
the patience to handle a lot of losses and wait for the big profits.
I cannot over emphasize the importance of being patient. Most
option investors will jump impetuously into option trades, looking
for action rather than looking for sound trades.
You need the patience to find an option play with a good
risk-reward picture, and then you need the patience to wait for
the profits! Few option buyers have this attribute.
“Patience and perseverance have a magical effect before
which difficulties disappear and obstacles vanish.”
—John Quincy Adams
One of the most important attributes of a professional option
trader is patience, the patience to wait for the good trade and
the patience to handle a lot of losses and wait for the big profits.
I cannot over emphasize the importance of being patient. Most
option investors will jump impetuously into option trades, looking
for action rather than looking for sound trades.
You need the patience to find an option play with a good
risk-reward picture, and then you need the patience to wait for
the profits! Few option buyers have this attribute.