Saturday, November 05, 2005

wisdom: patience

sometimes one of the best things you can do in trading is to sit on your hands and wait.

patience is often rewarded.
patience is also often its own reward.

time taken to think and deliberate can be relaxing.
the less stress you feel the better your trading will be.

the original chart of SMM was posted when the current price was $0.62, now a week later the price is still $0.62. The stock has gone nowhere, but our patience has been rewarded. the trading range is even clearer now, and we can narrow our plan on how to trade it.

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