Sentiment vs Patience

Hello everybody it is Friday. Since my trade rules does not allow me to hunt for a trade position on a Friday, I would like to share my thoughts while I do my Charts Analysis...
The Trend is truly our Friend but we are often faced with a dilemma. Everybody does Market Analysis but Trader Analysis is often overlooked.

What type of a Trader are You?

It is basic human nature to follow the herd and a great example would be current financial market situation. Excitement and the window of opportunity makes traders jump into a trade to "seize the moment". It is absolutely true that the Trend is your Friend, but there are minor trends within a major trend and the window of opportunity can sometimes create a blind spot in the trend that you are watching. Not wanting to loose out, may often make you do things that you might later, feel bad about.

Hence the dilemma, to follow Sentiment or to wait Patiently to enter at a better price?
Which then creates another set of anxiety... while you wait, you wonder,... would this moment that I have been waiting for patiently, ever materialize? The cycle never ends....

... and then, there are another group of traders who are called the Contrarians. These are the counter trend traders who pick up bargains during bearish sentiments or dump assets during bullish sentiments. Though the Contrarian mind set is a little subjective, in my opinion. It all depends on which time frame you normally trade in and how long you normally hold your open positions. Your account size may influence your trading style.

I am still patiently waiting for my moment... What about YOU ?
What type of a Trader are YOU ?


Happy Friday Traders!