What percentage of the speaker's trading is spent waiting for opportunities?

Kardec TraderFutures Trader. Creator of The Midas Touch. Mentor

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6 Oct 2023 · 0 min

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A short YouTube video by Kardec Trader (uploaded Oct 6, 2023) emphasizing the importance of patience in trading. The speaker states that roughly 90–95% of their approach is waiting ("sitting on my hands") for the market to present a clear opportunity and will otherwise remain in cash until price gives a signal to enter.

Questions this video answers

About 90–95%.

One of the biggest things of traders is for us to know that we have to be patient. 90, 95% of my trading is just sitting on my hands, waiting for the market to give me an opportunity. And if and when it gives me that opportunity, I will capitalize on it. You guys are going to see there's times where I may have a trade and I'll stay cash because I want price to develop and I want it to give me some sort of signal to take on a trade. If price does not give me that, I will stay cash.