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Author Topic: Patience is the main key of success on trading platform.  (Read 1600 times)
DarkIT
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April 24, 2019, 05:00:12 PM
 #201

Your emotion is your real enemy when it comes to trading and just a matter of decision. I have a lot of patience just like other investors but due to urgency of needing the funds sold most of my holdings at cheaper prices. Sometimes we can't control the situations and forced to do tougher decisions in order to survive.
well, i really feel this. we must really wait for the right price to sell the assets we have in order to avoid losses. sometimes waiting is really a very expensive price, because impatience is sometimes greater than that.

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April 24, 2019, 09:14:09 PM
 #202

There are people who can’t even have patience in trading and that’s mainly newbies that want to make profit quickly because of what they were told by their friends. They are usually that ends up in critical conditions and losing their money. I have seen a lot of them that started trading without the experience and knowledge about trading and they all ended up in losing in their money.

Next thing is that you see them complaining in the forum and asking questions on how they can recover their money back and when there will be a bull run.

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April 25, 2019, 06:54:13 PM
 #203

Patience with desired goal to reach will make more ease because we never know how long the price will increase or decrease so we can decide when we have to sell and the be happy when you reach the goal ,main thing you need to do is control your greed while trading.
patience can extinguish your greed and your emotions, right what people say that patience is very important in trade and investment, everyone must have a target and if they want to reach that target they must be patient whatever happens

You mean patience in this discount market. This may put you at risk because this discounted market cannot say anything and things often happen very quickly. If you expect your poor coin to increase in price, it is a huge mistake because if the project is no longer working, it is best to sell everything you have to be able to stabilize your assets. I personally do not choose to be patient but only choose the safest solution when trading before buying, I should set the price to sell to make a profit
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April 26, 2019, 03:25:58 PM
 #204

We have seen lots of members here complaining that they didn't wait enough before booking their profits because they don't have patience.

But it's really hard to have this mentality, I'll give one example, last week I try to buy something online, just so hype so I order, but after a week, that item went into sale for 20%, damn I was so mad at myself for not waiting enough. So another valuable lessons here, don't buy the hype and have patience, just like in crypto.  Grin
To be honest, I have been a silent speculator in the bear market. The down price you know is instrumental in helping you make some handsome profits when the market rises. Panic selling is something that makes you loose value and there is no point in regretting over split milk. Hype might excite you as it excites me but you got to be a realist and this is healthy for business. Patience is good but only when you have invested for long term not for the short term.

Missing out some opportunities may be a negative consequences of being speculator but it helps me a lot in avoiding catching few falling knife, for example, ripple. At the same time, being just a speculator helps me to continue my bitcoin holding whereas few of my colleague exit at $3500 by the panic of going down up to $1800.

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April 27, 2019, 07:44:24 AM
 #205

Yes, everyone should admit that patience is the key to the success of the trading platform. Trading is not easy at all. It is a very difficult task. To gain from trading, such techniques have to be applied, so be patient. If you do not have patience at the trading platform, then success can never be achieved. Patience cannot be lost if you have to deal with financial losses. Success will come when there is patience to trade.

Thank You

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April 27, 2019, 09:18:54 AM
 #206

Success will come when there is patience to trade.


Patience is very important but the most important is your knowledge and your skills in order for you to make good decision when trading.
You cannot be successful with patience alone because it's necessary that you know the right timing to initiate selling and buying for your purpose of profit.

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May 01, 2019, 07:03:35 AM
 #207

Yes, everyone should admit that patience is the key to the success of the trading platform. Trading is not easy at all. It is a very difficult task. To gain from trading, such techniques have to be applied, so be patient. If you do not have patience at the trading platform, then success can never be achieved. Patience cannot be lost if you have to deal with financial losses. Success will come when there is patience to trade.

Thank You
Like every other market, crypto market has been operating in a cyclical way which means that there would be recession and revival in the course of economic activities and this is something that tales time. It has been a decade and the market value of coins with good age has attained great values but in a decade. So yeah, it takes time but eventually ends up making you a millionaire. Look at the long term investors.

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May 01, 2019, 07:43:10 AM
 #208

Patience is a must with trading, and to be successful we should have the better understanding about the market and then we should maintain patience. The market needs to be observed more keenly so to eliminate the loss and there needs to be some form of targeted trade. Only with that we can buy/sell making desired profit. Over expectation needs to be avoided, because we need to make use of it when market is supportive. Expecting beyond limits and holding is gonna lead to loss as the market can turn upside down in no time.

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May 01, 2019, 09:37:34 AM
 #209

It is very clear that without having a good level of patience, someone will not be able to trade well. Even a person who is professional, when he is unable to be patient, is likely to suffer losses and even lose such a large asset. A trader needs a calm in making decisions, when they experience panic and cannot control patience then it will only make a nightmare.

Patience is an important point for a trader to achieve success.
Indeed, patience is important in trade or investment, but patience is not the only thing you should to have, in trade you need a lot of
skills mate. not just being patient, you have to be good at reading markets, good looking for opportunities, and courage
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May 01, 2019, 12:13:55 PM
 #210

Patience is a must with trading, and to be successful we should have the better understanding about the market and then we should maintain patience. The market needs to be observed more keenly so to eliminate the loss and there needs to be some form of targeted trade. Only with that we can buy/sell making desired profit. Over expectation needs to be avoided, because we need to make use of it when market is supportive. Expecting beyond limits and holding is gonna lead to loss as the market can turn upside down in no time.
The market turns more red than blue so be careful when investing because everything is very risky and can make you lose money quickly. I am a trader for 3 years and many times I sell panic so it is very difficult to predict people's psychology when the downtrend occurs. Patience is something everyone should have in the bear market but if your coin has stopped working or has bad news, consider selling because it will drop at a price you will never think of.

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May 03, 2019, 06:19:52 AM
 #211

If you expect your poor coin to increase in price, it is a huge mistake because if the project is no longer working, it is best to sell everything you have to be able to stabilize your assets. I personally do not choose to be patient but only choose the safest solution when trading before buying, I should set the price to sell to make a profit

It is called cutting your losses short

And yet another very demonstrative example why patience is not a key to success in trading. It may in fact look like it works, most of the time, but when it finally doesn't, the losses will be devastating. If anything, there should be no patience or tolerance of the losses whatsoever. If you feel like things get out of control, you should get out of your position as soon as possible. And losses are what we are facing all the time anyway, so remember, if you can’t take a small loss, sooner or later you will take the mother of all losses (a trading wisdom)

Actually trading is nothing about patience. But it depends how anyone take this word. Some people think this is key to success when you chose trading as your choice. And some are legit as well, like you, saying it finally no connections with your success.

For me, it is. But that counts only when you are making decisions in trading. Prices goes down, either sell or have patience till it comes back. Simple.
Whosdaddy
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May 03, 2019, 07:47:47 AM
 #212

It seems to me that all those who remained in the cryptocurrency market and did not sell all their assets are very patient people. After all, the fall has been going on for more than a year. I am glad that usually patient people receive a reward.

In 2017 most of the people who hold or invested on bitcoin, they got reward and the newbie is still on waiting line, they are very patienter people. But the time will come very soon when the new traders will get reward from bitcoin. I am 100% agree on it patience is the main key of trading if we wanna get success.   
Well you just cannot compare the market in 2017 and the current market. Back then, we had the highest price and the bull had been giving huge profits and the current market, though bullish, is not so much in the vibes as the bull market in 2017. So yeah, the newbies would face difficulties in trading and making the money which is very normal in the market but hold I think would be great to make you money.
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May 03, 2019, 09:45:07 AM
 #213

It is very clear that without having a good level of patience, someone will not be able to trade well. Even a person who is professional, when he is unable to be patient, is likely to suffer losses and even lose such a large asset. A trader needs a calm in making decisions, when they experience panic and cannot control patience then it will only make a nightmare.

Patience is an important point for a trader to achieve success.
Indeed, patience is important in trade or investment, but patience is not the only thing you should to have, in trade you need a lot of
skills mate. not just being patient, you have to be good at reading markets, good looking for opportunities, and courage
well, this is something that is definitely very useful for traders, because patience is the main factor of that. but, we know that it is very difficult to do, especially if many panic sell. well, patience is the essence of trading.
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May 03, 2019, 11:38:12 AM
 #214

It is very clear that without having a good level of patience, someone will not be able to trade well. Even a person who is professional, when he is unable to be patient, is likely to suffer losses and even lose such a large asset. A trader needs a calm in making decisions, when they experience panic and cannot control patience then it will only make a nightmare.

Patience is an important point for a trader to achieve success.
Indeed, patience is important in trade or investment, but patience is not the only thing you should to have, in trade you need a lot of
skills mate. not just being patient, you have to be good at reading markets, good looking for opportunities, and courage
I think it should be understood that the market does not remain the same all the time. There might be rise in the economic activity at one and fall another time but you have to wait for the best exit point. If you invest your money in Bitcoin and plan to cash it tomorrow, you would end up making few cents or some dollars plus your time wasted. So hodl once you are part of the flow.
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May 15, 2019, 03:05:03 PM
 #215

Yes we should be patience on trading but we should remember about the future of the coin. We shouldn't wait for the low quality coin which has not good volume, value and not much potential. Here is a chance to lose capital.
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May 15, 2019, 04:52:44 PM
 #216

Yes we should be patience on trading but we should remember about the future of the coin. We shouldn't wait for the low quality coin which has not good volume, value and not much potential. Here is a chance to lose capital.

It`s the most important part, selecting a coin that have a future. Patience doesn`t worth much with wrong coin, investing in wrong coin and waiting can push your push your bankroll down a lot. What`s important for trading is a set of skills to be successful in long run, patience, good analytic capabilities, you need to have a good timing for trading, to know when to be in front of computer ready to act, and times when you will just chill.
I think with practice and love for something anyone can make some progress.

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May 16, 2019, 01:54:35 AM
 #217

Patience can break you, or can make you. I know traders that had patient and loss more, and I know traders who had patient and sold their bags at  breakeven / profits. Before going into a trade the most important thing is a plan. Once you setup your targets & SL on the spot you will not be surprised from unusual loses + you will always be in control of your trading activity.

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May 16, 2019, 03:39:24 AM
 #218

Patience can break you, or can make you. I know traders that had patient and loss more, and I know traders who had patient and sold their bags at  breakeven / profits. Before going into a trade the most important thing is a plan. Once you setup your targets & SL on the spot you will not be surprised from unusual loses + you will always be in control of your trading activity.
Having to have a smart strategy before trading will help traders control their loss in the best way and if they can control it, making a profit will be easy. I used to be a trader and know this rule very well but sometimes I make a lot of mistakes in my plan so when you plan, you should follow that plan safely. Of course there will still be risks but if you have a lot of experience then you will have many better strategies than newbie






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May 16, 2019, 04:13:20 AM
 #219

Yes we should be patience on trading but we should remember about the future of the coin. We shouldn't wait for the low quality coin which has not good volume, value and not much potential. Here is a chance to lose capital.
if we face this situation better to leave and sell this coins.holding die coins only make us suffering bigger loss while other coins rise.and for example bitcoin price at this moment.token holder prefer sell their asset in order to swicth in bitcoin.
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May 16, 2019, 06:06:05 AM
 #220

Patience can break you, or can make you. I know traders that had patient and loss more, and I know traders who had patient and sold their bags at  breakeven / profits. Before going into a trade the most important thing is a plan. Once you setup your targets & SL on the spot you will not be surprised from unusual loses + you will always be in control of your trading activity.
if we have a plan but we cannot control patience in my opinion it is the same. the plan is the human mind that has been designed for something surprising and while the patience of trading is human nature that aims to wait for the price they want.

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