The Shortest Path to Results: Practice #8

The Most Effective Practice is to “Wait and See”

Hello. This is THE DAYTRADE.

Last time, I explained how to practice by validating with past charts.
At that time, I wrote, “Record not only the moments you entered but also the moments you passed.”

This time, it’s about that “waiting and seeing.”

Let me state the conclusion first.
In practice aimed at producing results, the most effective exercise is the “waiting and seeing” practice.

Most losses come from trades where you didn’t need to enter

Review the trades you lost afterward.

• Entered in the opposite direction of the 4-hour trend
• Entered in the middle of an upward move, not at a pullback on the 1-hour chart
• Jumped on before the N-wave on the 5-minute chart formed

A lot of trades like this are mixed in, aren’t they?

These are,trades that you didn’t need to enter in the first place.
If you don’t enter, you wouldn’t have lost.

In other words, simply by being able to wait, losses decrease as they are.
It works much faster for your results than learning a new method.

We created a method that protects by “waiting”

What I value most isbeing able to wait.

I used to be unable to wait.
Whenever the chart moved, I wanted to enter, and I would enter somehow and lose somehow.

So I created a method that lets me wait.
Until the 4-hour, 1-hour, and 5-minute conditions line up, I don’t enter.
If they don’t line up, I wait.

Because the conditions are clear, I can tell myself, “Now is the time to wait.”
That is the fastest way to become able to wait.

There are only three reasons to wait

Use what you decided so far in practice as the reasons to wait.

① The 4-hour trend is not clear or is contrary to the trend
We do not enter in the opposite direction of the trend.

② You have not reached the “entry point” on the 1-hour chart
If you are in the middle of an upward move (or downward in a downtrend), it is not an entry point.

③ The 5-minute chart has not formed the N-wave
Even if you are at the right place, if the pattern hasn’t formed, you don’t enter.

If any one of these three applies, you wait.
If you’re unsure, you wait.
That’s all there is to it.

How to practice “waiting”

① When you open the chart, first look for the reason to wait
Don’t look for a reason to enter; first check whether there is a reason to wait.
If any of the above three apply, then that’s the end of it.

② After you wait, record the reason in one sentence
Something like “① 4H is opposite,” “② not at the 1H location,” “③ no N-wave” is enough, with a number and a brief sentence.

③ After waiting, look at how it moved
If after waiting it moved in the opposite direction.
That’s a “good to have waited” scene. It means you avoided one loss.

④ Also record the case where you waited but it extended
There are times when it extends after waiting, of course.
But do not change your standards for that. Not entering when conditions aren’t met will protect your results in the long run.

⑤ Count how many times you waited each week
If the number of times you waited is greater than the number of times you entered, your practice is going well.

A day you waited is a pass in itself

A day you do not trade may feel like nothing happened.

But that’s not the case.
On days when the conditions don’t align, you properly waited.
That isthe day you reduced a losing trade by one.

A day you waited is a pass in itself.
It’s a day to praise yourself.

What to do today

• When you open the chart, search for a reason to wait before a reason to enter
• The reasons to wait are only three (4H trend, 1H location, 5M N-wave)
• If you wait, record the reason with a number and a brief sentence
• After waiting, look at the movement and count the scenes where you were glad you waited
• Count the number of waits each week

Summary

• Most losses come from trades that didn’t need to be entered in the first place
• Just becoming able to wait reduces losses as they are
• The reasons to wait are only those three: 4H trend, 1H location, 5M N-wave
• If unsure, wait
• A day you waited is a pass in itself

Next time is #9 “Record practice that leaves the reasons for judgment.”
The records of today’s “reasons for waiting” will directly feed the next practice.

Seek correctness over win rate.
Being able to wait correctly is also a form of correctness.

▼ ChartPen | MT4/MT5 drawing tool (¥980)
A tool that lets you write lines and text directly on the chart (Windows MT4/MT5). If you write “③ No N-wave” on a waiting scene, you can review it later more easily.
https://www.gogojungle.co.jp/re/oaxx7xNztnaAFo9

▼ Monthly serialization “Chart Reading, Explanation, Interpretation, Verbalization” | ¥980 per month
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*There are individual differences in practice outcomes and results; this does not guarantee profits or mastery periods.
*Trading involves risk of loss. Results vary by individual, and profits are not guaranteed.