Let’s build a simple routine and mindset plan to help you develop patience in trading:
Simple Trading Routine for Patience
Pre-market prep:
Review your trading plan and set clear goals for the day.
Identify which trades you want to make and why (entry, exit, stop-loss).
Set alerts:
Use price alerts or timers so you don’t stare at the screen all day.
Check prices only at preset intervals (e.g., every hour).
Journal your trades:
After each trade, write down why you entered, why you exited, and how you felt.
Reflect on whether emotions influenced your decisions.
Post-market reflection:
At the end of the day, review your journal and note patterns (impulsive exits, patience wins).
Adjust your plan if needed but don’t beat yourself up over mistakes.
Mindset Exercises for Patience
Breathing technique:
When you feel anxious, try deep breathing: inhale slowly for 4 seconds, hold for 4, exhale for 4, repeat 3-5 times. This calms the mind instantly.
Mindfulness meditation:
Spend 5-10 minutes daily focusing on your breath or a simple mantra. This trains your brain to stay calm and present, reducing impulsive urges.
Visualization:
Imagine yourself calmly holding trades, following your plan, and making thoughtful decisions even when the market moves fast. Practice this mental image regularly.
