I hate this word. I watch a twitter feed pretty regularly and this word just popped out at me today and really just punched my right in the gut. See the word was used by a fellow trader who used patience properly and succeeded to take profits from the market. I, on the other hand, choose to ignore patience and over trade this week. He was fulfilled, I am left wanting. Not for more pips or money, but for the peace that patience I believe brings.
I thought I could treat the word like a stranger on the street by turning my head and continuing on… and then I went and looked up the definition:
The capacity to accept or tolerate delay, trouble, or suffering without getting angry or upset.
Synonyms: forbearance – endurance – sufferance – solitaire
Ouch. The Capacity to accept or tolerate delay. The knockout punch to my jaw. Not just in trading but in life! Do I have the capacity to tolerate a delay?
The big thing that I am talking about with my family these days is faithfulness produces faith, and now patience has just reinforced that for me. Can I do simple things over and over again without that “win the lottery” type feeling? Does patience really produce as much as striving?
I am going to spend the weekend thinking about how to be more patient in life and in trading, and to be able to accept with tolerance any delay that I may encounter.