Waiting is a compulsory course in trading Trading can be said to be simple, but it may be intentionally or unintentionally complicated by many people. As long as you learn to wait, trading can be easy, but waiting cannot be aimless. It should be patience with the market not showing the trend you want, Until the market moves out of its desired trend, to be more specific, waiting for a one-sided smooth market trend that one can judge is the purpose of waiting; Trading is also difficult because few people are willing to wait, and few can restrain their impulse to operate and wait. However, true trading experts understand that waiting is the compulsory course of trading. Waiting is not passive inaction, but a wise choice, a manifestation of reverence and patience towards the market. 01. The Meaning of Waiting Avoid blind decision-making Blind decision-making is often one of the main reasons for failure in trading. When we are eager to enter the market, we may not have fully analyzed important factors such as market trends and company fundamentals, and make trading decisions based solely on momentary impulses or advice from others. Waiting gives us enough time to collect information, analyze data, and make more rational and wise decisions. For example, in the stock market, if we hear a recommendation for a popular stock and immediately buy it without conducting in-depth research on the company's financial situation, industry prospects, etc., we are likely to fall into a trap of being stuck at a high position. On the contrary, if we patiently wait, compare and analyze multiple potential investment targets, and choose stocks with good fundamentals and growth potential, we can greatly reduce investment risks. Capture the best timing The volatility of the market is unpredictable, and even the most experienced investors cannot accurately determine the bottom and top of the market. However, by waiting, we can better observe market trends and capture the best trading opportunities. Taking trend trading as an example, investors usually wait for the market to form a clear upward or downward trend before trading. This can avoid frequent inflows and outflows during market fluctuations, reduce transaction costs and risks. After the market trend is established, investors can take advantage of the situation and obtain greater profits. Cultivate patience and self-discipline Trading is a psychological battle, and patience and self-discipline are the key to overcoming the market. Waiting requires us to have strong psychological resilience, be able to resist market temptations and fears, and stick to our trading plans. During the waiting process, we learned to control our emotions and not be influenced by short-term market fluctuations. Meanwhile, waiting also makes us more self disciplined, strictly adhering to trading discipline, and not easily violating our set stop loss and take profit points. This patience and self-discipline are not only crucial in trading, but also have a positive impact on our lives. 2、 How to learn to wait Develop a trading plan A comprehensive trading plan is the foundation for learning to wait. When formulating a trading plan, we need to clarify our investment objectives, risk tolerance, trading strategy, etc. At the same time, we also need to set specific buying and selling conditions, as well as stop loss and take profit points. For example, if we are value investors, we can set a buy when the price to earnings ratio of a stock is below the industry average and the company's fundamentals are good, and sell when the stock price reaches the expected target price or there is a significant change in the company's fundamentals. With a clear trading plan, we can wait more calmly for the best opportunity to arise during the trading process. Conduct in-depth market analysis Waiting does not mean doing nothing, but conducting in-depth market analysis during the waiting process. We can continuously deepen our understanding of the market by reading financial news, researching top companies' financial reports, analyzing technical indicators, and other methods. In addition, we can also pay attention to changes in the macroeconomic situation, such as interest rate policies, inflation rates, economic growth rates, etc. These factors will have a significant impact on the market, and by analyzing them, we can better grasp the trends and pace of the market. Cultivate patience and determination Patience and determination are the key to learning to wait. In trading, we often encounter market fluctuations, delayed trading opportunities, and other situations, which require us to maintain patience and firm confidence. We can cultivate our patience and concentration through methods such as meditation, reading, exercise, etc. These activities can help us relax our body and mind, improve our self-control, and thus wait more calmly in trading. 3、 Waiting Case Analysis Buffett's Way of Waiting Warren Buffett is a globally renowned investment guru, and his success is largely attributed to his way of waiting. Buffett usually spends a lot of time researching and analyzing potential investment targets, waiting for suitable buying opportunities to appear in companies with long-term investment value. For example, during the 2008 financial crisis, Buffett was not affected by market panic and patiently waited for opportunities. When the stock price of Bank of America fell sharply, he believed the time was ripe and decisively bought it. In the end, this investment brought him substantial returns. The Waiting of Trend Traders Trend traders usually wait for the market to form a clear trend before trading. They will use technical analysis and other methods to determine market trends, and once the trend is established, they will follow the trend and gain profits. For example, when the stock market is on an upward trend, trend traders will choose to buy strong stocks and hold them until the trend reverses. This waiting trend established trading method can effectively avoid the risks brought by market fluctuations and improve the success rate of trading. 4、 The Misconception of Waiting Excessive waiting leads to missed opportunities Although waiting is important, one should not wait excessively. Sometimes, market opportunities are fleeting, and if we are too cautious and keep waiting for better opportunities, we may miss the chance. For example, in the stock market, if we keep waiting for the price of a stock to drop to a lower level before buying, we may miss out on the upward trend of the stock. Therefore, in the process of waiting, we also need to learn to seize the opportunity and act decisively when it arises. Waiting turns into hesitation Waiting and hesitation are two different concepts. Waiting is patiently waiting for the best opportunity to arise based on a clear trading plan and analysis. Hesitation, on the other hand, is a lack of confidence and decision-making ability, repeatedly struggling in trading and unable to make decisions. If we always hesitate in trading, not only will we miss opportunities, but it will also increase transaction costs and risks. Therefore, we need to learn to distinguish between waiting and hesitation, and maintain clear thinking and decisive decision-making ability during the waiting process. 5、 Waiting for inspiration beyond the transaction Waiting is not only a compulsory course in trading, but also has important implications for our lives. In life, we often rush to pursue success and happiness, but overlook the importance of waiting. Life needs to wait Success often requires time and effort to accumulate, and we cannot expect it to happen overnight. On the path of pursuing our dreams, we need to be patient, constantly learn and grow, accumulate experience and strength. For example, an entrepreneur may face various difficulties and challenges in the early stages of entrepreneurship, but as long as they have firm beliefs and patience, constantly strive and innovate, they have the potential to achieve success in the future. Emotions need to wait In terms of emotions, waiting is also a virtue. We should not rush to find love, but patiently wait for the person who truly suits us to appear. In the process of waiting, we can constantly improve ourselves and become even better. When the right person appears, we can better seize opportunities and harvest happy emotions. In short, brothers, waiting is the compulsory course of trading. In trading, we need to learn to wait, avoid blind decision-making, seize the best opportunity, and cultivate patience and self-discipline. At the same time, we should also have a correct understanding of the pitfalls of waiting, and avoid excessive waiting and hesitation. Waiting is the cornerstone of successful transactions, but it's not just about waiting. You have to learn to identify opportunities and act decisively, just like a cheetah hunting. You have to be able to wait and attack in order to make a profit in the market. BTC Bull Market Top Escaping Signal Indicator List (Simplified Version) 6-22 Normal indicators, patiently hold coins and refuse noise