Impatience, how does it cause you to lose money?
① The culprit of chasing highs and selling lows: Seeing the market start to move, fearing to miss out, you ignore your plan and chase the price higher, ending up buying at the peak; seeing a downturn, you panic and cut losses, ending up selling at the bottom. Impatience makes you a "contrarian indicator" in the market.
The nemesis of planning: You have carefully formulated a trading strategy, set the entry and stop-loss points. But with even a slight fluctuation in price, impatience can lead you to act prematurely or adjust your stop-loss, ultim
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