As a professional trader I still get all the urges to system chase and break the rules as much as anyone, but the key is learning how to control those urges.

This week has seen some fantastic set ups in the market, and I have known which way the price would likely move thanks to the powerful tools I have at my disposal, but the problem has been that the price just hasn’t been retracing to the levels that I have been waiting at.

This can cause some people to want to just jump in because they have been right about the overall direction the last 10 times, or even worse some people may even be tempted to enter the market without using a stop loss thinking that the price will come their way in the end.

These urges and acting upon them show a lack of patience and discipline and this is what the market punishes the most.

It’s really important to wait until price is exactly where you want it to be before entering the market.

The best thing you can do is find something else to take your mind off the trade. Read a book, play a game or go for a walk.

Once you have analysed your charts and set the order in with your broker there is nothing more to do until the trade actually triggers.

The question is have you got the patience to wait?