In financial markets the two basic components are time and price. In order for price to change time needs to go by. Orders need to be executed, opened and closed and reloaded.
Focusing only on price lends itself to having an unrealistic expectation of price movement. In order to have the proper perspective a trader needs to factor time into their analysis. I learned this important concept from Forex trader Jason Allan Jankovsky. I had the good fortune to trade with Jason in his live trading room. W D Gann also stressed that time was the most important yet often ignored variable in trading.
Time is important because if the appropriate amount of time passes a trader's expectations of price movement will be more in touch with reality. A trader should expect normal price fluctuation and some movement against their position. They must fight the urge to close a potential winning trade the moment a position moves against them. Most stop runs knock Retail traders out of trades and then price reverses and moves to their intended target without them. This is typical Smart Money manipulation. Smart Money uses order information to find clusters of entry/limit orders and stops and they touch/pierce key levels with a surgeon's precison which triggers entry orders and stop losses providing Smart Money with liquidity and profits.
Understanding the time variable helps traders to patiently let trades mature and resist the urge to close winning trades as soon as they in profit. Small winning trades cut short by impatience will not offset losses and trading costs. Learning to be patient will help a trader with fear and greed. Using "If/Then" scenarios can help reduce impulsive actions caused by adrenaline, fear, and greed. Patience helps a trader wait for price to come to them instead of chasing price and triggering entries in bad trade locations.
The typical "daytrader" expects a trade to instantly move towards their intended target. This erroneous expectation causes traders to close out winning trades prematurely and in some cases with a loss. Their micromanagement is doing more harm then good.
Experienced traders have been conditioned to wait patiently for the market to move. A patient trader lets trades unfold because they know that they need to let winning trades unfold and offset losing trades.
As an exercise on a demo account a trader should open a trade with a 150 pip stop loss and a 300 pip profit target and monitor the trade until it closes in a profit or loss and see how it plays out. Using a large stop loss and profit target will start getting the trader thinking on a longer time horizon and help them develop the confidence and patience to stay with their trades.