In this episode, Brian Montes discusses the importance of patience in swing trading and the dangers of chasing trades. He emphasizes the value of waiting for the proper setup and not entering a trade before the chart has been set up. Brian also highlights the significance of cash as a position, especially in choppy or bear markets. He advises traders to sit on the sidelines if they are uncomfortable with the market conditions. He concludes by emphasizing the need to exercise patience, avoid chasing trades, and understand the value of holding cash to protect capital and successfully navigate the market. Takeaways: 1. Patience is necessary in swing trading, and waiting for the proper setup significantly improves the odds of a profitable trade. 2. Chasing trades is a dangerous mistake as it often leads to entering at an overextended point and increases the risk of significant losses. 3. Cash is a position, and staying on the sidelines in choppy or bear markets can protect capital and improve trading performance. 4. Exercising patience, avoiding the temptation to chase, and understanding the value of holding cash are critical components of a successful trading strategy. Questions - email me at [email protected] Want to join a community where you get stock market education, community, coaching, stock market and chart analysis, AND trade set-ups? Join the Disciplined Traders Academy risk-free for 30 days! https://disciplinedtradersacademy.podia.com/