The importance of patience in trading

[jaberwock]

waiting for your analysed market to come to play before entering the market is also very important, most persons in trading just enter the market because, they see a downward trend without carefully analyzing the real market structure and waiting patiently for it

Patience , does not only imply entering the market alone.  A good capital is also needed to trade the market to be successful, but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.

Hence, in the trading space patient cannot be over emphasis if we must be a good trader.

Patience holds a lot of importance in trading, because even if it doesn't make you lose money, it will surely make you lose your profits. However, a lot of people have a hard time differentiating between patience and greed, and that's a big problem, which causes problems as well. You see, patience means that you stay calm and collected, without panicking or anything, and wait for your target to reach, and once that happens, you make an exit without any second thoughts because you have achieved what you wanted, and that's how it should be.

However, some people don't do it that way. What they do is that they keep waiting even when their target has been reached, only to see if they can get more profits or not. I know, it happens a lot in trading where you close a trade, and then you see that if you hadn't done that, you could get more profits, but remember, when you don't do it even when your target is reached, that's greed and not patience, and most of the times, it can cost you, and your target can be missed even when it was hit already.

[Agbe]

You're right patience is key when it comes to trading because rushing into the market is not a good sign of a trader that is serious about making profit with trading because you have take your time in analyzing the movement of the market before entering the market a other good thing about trading with trading with patience is that it help to even grow your money because for those with small capital you need patience to grow your money as rushing into the market with a view of making quick cash is not a good one so trading with patience is key

[sana54210]

You can talk about any type of chart if you want, or infographic, or even memes. The reality is that we have a proven record that almost all markets go up over course of many years. Stocks do, bitcoin does, gold does, even bonds can be profitable. So, what you need is just making sure that you are holding the thing you should be holding, and if you can do that, then you are going to be fine.

Most people fail that, and because of this, we are having trouble since they do not see how holding could be a great way to profit. Newbies do not see that, and constantly worry and worrying all the time doesn't really make it better, so you need to just focus on how to make money and if you can, then you will profit as much as possible.

[Cpt_reader]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

[Z_MBFM]

No doubt that patience is a crucial factor when trading. However, let us not forget that knowledge, skills and strategies are still the best keys to be a successful trader. You don’t trade just because others are trading, but you decide to take the risk in trading because you are knowledgeable and skillful enough, and knows how to navigate your possible losses into positive trades. Being patient is just a secondary factor, let alone will never guarantee profits.

It is a misconception that everyone who trades is a skilled, knowledgeable person. Most traders do not know the fundamentals of trading and do not have a good knowledge of trading, but they trade because they see many people making money through trading and they see various advertisements in the news about how people are generating huge profits through trading.

Seeing these things, they panic and they think that it is possible to make big profits from trading only by using a large capital. And their experience is never good in trading. However, those who become successful are those who have enough knowledge about this and understand technical analysis very well.

[SATWAT]

No doubt that patience is a crucial factor when trading. However, let us not forget that knowledge, skills and strategies are still the best keys to be a successful trader. You don’t trade just because others are trading, but you decide to take the risk in trading because you are knowledgeable and skillful enough, and knows how to navigate your possible losses into positive trades. Being patient is just a secondary factor, let alone will never guarantee profits.

It is a misconception that everyone who trades is a skilled, knowledgeable person. Most traders do not know the fundamentals of trading and do not have a good knowledge of trading, but they trade because they see many people making money through trading and they see various advertisements in the news about how people are generating huge profits through trading.

Seeing these things, they panic and they think that it is possible to make big profits from trading only by using a large capital. And their experience is never good in trading. However, those who become successful are those who have enough knowledge about this and understand technical analysis very well.

Here I agreed about this mostly peoples jumps in trading after having things around them if someone doing good they feel or have jealousy which encourage them for this even they are having no enough skills and knowledge about trading.
For having good results or profit always needed to be well organize about things where you are going to invest or having business it's always increase chance of success with knowledge of risk management is important after this keeping eye around situation is also important because sometime seconds can bring disaster.
Patience and understanding make things perfect entry and exit all are having good mind game but this always increase after having experience starting with small amount and then having increase also helpful while in early days any lost can bring setback.

[Olatundespo]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

You heard right, patience helps you to be successful to a large extent and you can give yourself more expected results. When it comes to investing you should try to stay long term rather than short term, most traders expect to get rich in a short time and keep buying. The example you gave can happen to many traders. If you are a new trader then you can deposit small amount of Bitcoin every week or month as per your ability rather than buying lump sum. Another recommendation I have is that it is better to be a long term Bitcoin investor than a short term trader.

[Japinat]

You're right patience is key when it comes to trading because rushing into the market is not a good sign of a trader that is serious about making profit with trading because you have take your time in analyzing the movement of the market before entering the market a other good thing about trading with trading with patience is that it help to even grow your money because for those with small capital you need patience to grow your money as rushing into the market with a view of making quick cash is not a good one so trading with patience is key

Where there is no patience, it’s unlikely to be successful when you are trading in such an unpredictable market. Aside from having good technical analysis and even its fundamentals, patience plays a vital role when you hope for the best of your trading career.

If you are patient, you will control yourself from falling into impulsive decisions which is a big threat when trading. And while you want to focus and stick to your plans and goals, patience becomes a crucial factor to avoid getting bothered by market noise or any negative emotions that would distract your main focus when trading.

[serjent05]

Where there is no patience, it’s unlikely to be successful when you are trading in such an unpredictable market. Aside from having good technical analysis and even its fundamentals, patience plays a vital role when you hope for the best of your trading career.

If you are patient, you will control yourself from falling into impulsive decisions which is a big threat when trading. And while you want to focus and stick to your plans and goals, patience becomes a crucial factor to avoid getting bothered by market noise or any negative emotions that would distract your main focus when trading.

Right timing plays a vital role not only in trading but also in real-life actions.  That includes patience, quick decision, and market information gathering.  Patience alone can't help in trading without market information gathering because, without proper knowledge of the market we are trading, we might overexert our patience and miss the opportunity to sell.  There are many cases like this where a trader overexerts his patience and ends up selling at a lower price.

[alastantiger]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

But after waiting that long, is that still a trade or an investment that the individually has done. The difference between trading and investing is in the duration of the purchase hence when someone hold a coin for longer than years isn't that individual  investing and not trading. Trading shouldn't exceed month unless the individual is participating in leverage trading that they have to hold for long term and then that person has to be be waiting patiently for the market to hit their target. My biggest trade has been for only few weeks but I know someone that has traded for a long time. Although patience is important in trading, we have to be skilled to not depend on patience.

[Chilwell]

Which means becoming a trader is not as easy and simple as one might think. Controlling emotions and patience will be related to one's character, although it can also be trained gradually. Risk management, knowledge, and market understanding can also be learned. There is a lot to learn and practice to become a trader. The level of success will depend on the trader's ability to adapt to what is experienced. Trading will definitely take a lot of time to learn. But remember, don't force yourself to trade before we are really ready.

Acquiring any knowledge always take time which means we can't just know something overnight, it have to take gradual process before we understand what we are learning. Especially, when we talk of trading it's very wide and there are so many things that follows it which are much more important than even did knowledge itself, firstly, resilience is also important when it comes to trading because it allow you not to give up easily, secondly, Patient is also the key to every success because when it lacking, it actual ruins everything. Patience helps a lot not even in trading but everything that we are all involved in, this will also help in having more time to study very well.

[Fredomago]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

But after waiting that long, is that still a trade or an investment that the individually has done. The difference between trading and investing is in the duration of the purchase hence when someone hold a coin for longer than years isn't that individual  investing and not trading. Trading shouldn't exceed month unless the individual is participating in leverage trading that they have to hold for long term and then that person has to be be waiting patiently for the market to hit their target. My biggest trade has been for only few weeks but I know someone that has traded for a long time. Although patience is important in trading, we have to be skilled to not depend on patience.

Depends on each individual traders if how they foresee the potentials and how they target the amount of time of waiting, like what you've said there's traders who are willing to take that lone hold just same with investment and wait for the outcome, though there are also traders who can execute their trades in a past-face environment, they are those who see opportunities even how small that growth it's important to have that movement and continue finding good ways to make decent amount of profits.

[hyudien]

Acquiring any knowledge always take time which means we can't just know something overnight, it have to take gradual process before we understand what we are learning. Especially, when we talk of trading it's very wide and there are so many things that follows it which are much more important than even did knowledge itself, firstly, resilience is also important when it comes to trading because it allow you not to give up easily, secondly, Patient is also the key to every success because when it lacking, it actual ruins everything. Patience helps a lot not even in trading but everything that we are all involved in, this will also help in having more time to study very well.

And additionally to complete your statement is to have stable capital. Although patience and strong mentality are factors that are the key to success in trading. Stable capital is also needed as a complement to the two categories that have been mentioned, especially for beginners who are still in the process of gaining knowledge so with have stable capital, patience and strong mentality they can build a strong foundation to achieve long term success.

[SmartGold01]

Patience , does not only imply entering the market alone.  A good capital is also needed to trade the market to be successful, but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.

Hence, in the trading space patient cannot be over emphasis if we must be a good trader.

Of course patient is the must beneficial thing in trading which trader should be able to exercised while trading, and yes not all trade that a trader should enter while trading, they should be able to analyze the market correctly before either opening a position or entry market, sometimes the market could be that manipulative in a way that they can't be able to understand and immediately they enter trade it turns to trap over them making them to lose and emptied their trading account.
We should also know that not everyone must be successful with trading, mostly we should always try to find out where we are best suited, and it could be that such person could be on investment and holding than trading.

[ndutndut]

Where there is no patience, it’s unlikely to be successful when you are trading in such an unpredictable market. Aside from having good technical analysis and even its fundamentals, patience plays a vital role when you hope for the best of your trading career.

If you are patient, you will control yourself from falling into impulsive decisions which is a big threat when trading. And while you want to focus and stick to your plans and goals, patience becomes a crucial factor to avoid getting bothered by market noise or any negative emotions that would distract your main focus when trading.

Right timing plays a vital role not only in trading but also in real-life actions.  That includes patience, quick decision, and market information gathering.  Patience alone can't help in trading without market information gathering because, without proper knowledge of the market we are trading, we might overexert our patience and miss the opportunity to sell.  There are many cases like this where a trader overexerts his patience and ends up selling at a lower price.

If we compare trading to a game, trading is a never-ending game. Profit and loss are just temporary stops before the game continues. The goal of the game is to survive as long as possible, of course growing capital as long as possible and continuing to learn from mistakes. The game really ends when you decide to retire or run out of capital. But on the other hand, if you have patience, knowledge and good risk management, then you will enjoy the game.

To achieve patience, you must be disciplined enough to follow the plan and confident enough to execute it when your strategy emerges. I am also struggling with patience, I used to lose a lot of things because of impatience, indeed patience is easy to learn but difficult to do so you need to keep practicing and never get tired of learning from mistakes.

[Cpt_reader]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

You heard right, patience helps you to be successful to a large extent and you can give yourself more expected results. When it comes to investing you should try to stay long term rather than short term, most traders expect to get rich in a short time and keep buying. The example you gave can happen to many traders. If you are a new trader then you can deposit small amount of Bitcoin every week or month as per your ability rather than buying lump sum. Another recommendation I have is that it is better to be a long term Bitcoin investor than a short term trader.

Thank you. Your words are wonderful. In fact, this is how we should plan for the long term. No big work is completed overnight. It takes a long time to wait for it, hard work, and the same is true in trading. And according to religious rules, there are four conditions for going to heaven, and patience is one of them.

[Cpt_reader]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

But after waiting that long, is that still a trade or an investment that the individually has done. The difference between trading and investing is in the duration of the purchase hence when someone hold a coin for longer than years isn't that individual  investing and not trading. Trading shouldn't exceed month unless the individual is participating in leverage trading that they have to hold for long term and then that person has to be be waiting patiently for the market to hit their target. My biggest trade has been for only few weeks but I know someone that has traded for a long time. Although patience is important in trading, we have to be skilled to not depend on patience.

Actually, brother, what can I tell you? Every time I have lost money while trading, the only reason for all the losses was selling. If I had waited patiently, I would have made a profit on every token.

[Pandorak]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

Exactly, patience is indeed one of the important indicators of success, especially in trading, waiting for the right moment to entry. But no less important is knowledge or trading strategies, this can make us increase our chances of winning, such as when prices are falling, immediately have the desire to buy because they see a potential opportunity to profit, when we have the right strategy, we know where the price points are potentially a barrier to reversal, so we don't miss the moment to buy.

[AmoreJaz]

Exactly, patience is indeed one of the important indicators of success, especially in trading, waiting for the right moment to entry. But no less important is knowledge or trading strategies, this can make us increase our chances of winning, such as when prices are falling, immediately have the desire to buy because they see a potential opportunity to profit, when we have the right strategy, we know where the price points are potentially a barrier to reversal, so we don't miss the moment to buy.

That is also applicable to this market becasue of its high volatility, you can only incur losses if you will sell below your buying price. But if you will wait for the time that the price will recover, you will surely gain profits. However, if you have budget restrictions, you should think twice when investing in this market as you may face some budget constraints and you need to cash out at a wrong time. Also, each coin is different. You need some good grasp about when to buy or when to sell it in the market. Otherwise, you can easily be a holder of worthless coins. Experienced that quite a lot before, the reason why I stopped buying alts.

[justdimin]

And additionally to complete your statement is to have stable capital. Although patience and strong mentality are factors that are the key to success in trading. Stable capital is also needed as a complement to the two categories that have been mentioned, especially for beginners who are still in the process of gaining knowledge so with have stable capital, patience and strong mentality they can build a strong foundation to achieve long term success.

Stable "income" would make more sense. If you have stable capital, that means you are going to just have the same money, sure you are not withdrawing, but you are not putting in more. But if you can have a better job then you are going to have more income and that is better, most people do not even do that and they do not put any from their income at all.

Just make sure that you are dealing with something that makes you more money each month and invest some of that every month. That will allow you to get greater results. If you have just one capital and try to grow that, it will be slow and not much, but if you put in more money and accumulate more all the time then it will allow you to get result you would prefer more.