Trading Teaches Me New Patience And Experience!

[peter0425]

This thread should be in the trading section.
https://bitcointalk.org/index.php?board=8.0

Yes ... trading is managing emotions, this is the hardest part of trading.

Correct, as I have mentioned on the other threads, patience and managing emotions are the common traits of almost all successful traders. So if we learn those two at the early stage of our trading career and gain so much experience, down the line we might be very successful and rich 5-10 years from now.

[wack slacker]

This thread should be in the trading section.
https://bitcointalk.org/index.php?board=8.0

Yes ... trading is managing emotions, this is the hardest part of trading.

Correct, as I have mentioned on the other threads, patience and managing emotions are the common traits of almost all successful traders. So if we learn those two at the early stage of our trading career and gain so much experience, down the line we might be very successful and rich 5-10 years from now.

Crypto trading differs from other types of fiat transactions, which are the instability of exchange rates over time.  If you use forex with high leverage.  You can stop and look for other opportunities in the same trading platform but with greater Crypto volatility but smaller trading volumes and too many crypto types scattered across multiple trading platforms.  Electronic money trading is not only a technical analysis, but also a knowledge of the type of asset we intend to buy and there are also manipulation groups by pumping or dumping.  It is very difficult to predict.  Also, bears the 2018 maket swept away almost everything.  Patience is sometimes incorrect.  Electronic money transactions are not easy.

[FanEagle]

Yeah, it does teach you patience for sure, it is incredibly nerve wrecking at times and you just have to calm yourself down and do stuff much more wisely.

I remember the early days when I sent just shy of the minimum required amount for deposit and because of that my money wasn't shown in the wallet so I was yelling everyone I found and I was writing bad stuff all over internet about them when in fact it was my failure of reading the rules caused that and they eventually returned it after review, that was about 5 years ago (probably more) and now I do bad trades time to time and still manage to calm myself down and figure out a way to recover that as well from extra steps that helps me restore back to old amount. If you are calm in crypto trading then you have a good shot at profiting.

[GGmith]

yes, actually patience is the key to success in trading, besides patience can teach us to control emotions when trading. many experience defeat or do not have time to throw away because emotions are out of control and greed wants to get a quick profit. whereas as long as you can be patient, control your emotions I think you can understand about trade.

[coinporch]

This thread should be in the trading section.
https://bitcointalk.org/index.php?board=8.0

Yes ... trading is managing emotions, this is the hardest part of trading.

thats right, its all about pshycology
i believe people who can control their pshycology in their trading activity will be the winner
wich mean they will get an enough profit, because they knew how to control their emotions in all market situations 

[radjie]

in cryptocurrency trading, patience is needed so that every action we take can produce satisfying results. trade in this field certainly has risks that we must face because market price movements can change so fast that they cannot be accurately predicted. but we also have to be able to analyze market price movements so that the decisions we make to make a purchase or sale can be done properly and of course it can minimize the losses that we will face in trading this cryptocurrency.

[muhhentuhhen]

Trading teaches me to restrain emotions - first think, and then do something. Patience is also needed in this business, and it is probably, the most difficult thing for me. It teaches also not to be greedy and sell tokens at the right time.

[Pithaxz]

That is good. You get new experiences from there, you can control your emotions when trading. yes patience is one of the positive attitudes you need to have when trading, I suggest you also need to change a new strategy or trade with several other coins that have a lot of volume, and move coins that are stable. You will quickly benefit from this.

[olabiyijummy02]

Before I used to distance myself from trading because of the riak of losses. But now i'm trading tokens and I've been scalping for around a quarter of a year now and I have figured out how to peruse the outlines.

Experience and tolerance makes the best and quality traders in cryptocurrency. While in the adventure you will commit a few errors or even from reflecting trades from coaches and specialists yet those minutes are an ideal opportunity to be patient and figure out how to horn your aptitudes. The significant thing is to stay with your system and be patient and ensure you generally have back up plans.

[fuer44]

trading is about the right timing to buy. we have to be patient about the market, and see the graph. It should not be reckless to decide to buy now or later, because we do not know whether the price will go down or go up.

[tranquynhtien]

Beside knowledge, patience is key in trading. Without patience, there is no traders can get profits in the long run. Because impatient traders will fall into panic sells, FOMO buys, and then get losses in the long run. They can win, even big wins in short term, but over time, they will end with losses.

[TheICE007]

Basically, for you to be a trader, then you should learn to control your emotions, that is where patience comes in,  sometimes you could see the coin you bought dipping, you don't need to sell off in a hurry, watch the market, price might get to your entery point again, also always set stop loss, this will help curtail your losses.
Also trading required experience, as such you should read, do research and also trade along side people who are knowledgeable in the trading field.

[davinchi]

this is my experience...

as we know Crypto Market is very volatile and very unexpected, more because of its anonymity. Trading is also risk-related, so you succeed as a trader, you have to have an open mind about trading, and you can't do fundamental analysis like you do for forex, because the opportunities are so low that we know when there will be big purchases or sales. However, trading can be very useful if you trade one day and focus on long-term investments too.

when you think the market has reached its lowest point and you can do simple technical analysis and find support or resistance - this will not give you a perfect picture but you can still find the mindset of traders in the past with this tool and speculate.

Balance and make a good plan before making a decision, it's about how patience will play a big role in this market, always doing research on market movements with every coin you will drive, buying at the lowest point and selling when you see good opportunities, always calm when analyzing your assets. and one is not greedy. if you see an opportunity, just throw it away!

How about you? I want to learn from your experience too.

Thanks for these pieces that you have put together here that really makes lots of sense, trading really requires lots of patience, or else, you find yourself always being a victim of panic sell, I dropped trading for long term investment too when I could no longer cope with trading because of my lack of patience, and any time I take a step is when the market goes the opposite direction, so the only way to be patience was just to resolved being a long term investor.

I have invested my money into coins that I know has future, and even if they are not rising now, I have already set target of some years for them, and taken my mind of them right now, if I hear any outstanding news about them, fine, If I don’t, I keep waiting till some good comes out of them. This is the only way I have been able to deal with my impatience in trading.

[Menawi12]

Basically, for you to be a trader, then you should learn to control your emotions, that is where patience comes in,  sometimes you could see the coin you bought dipping, you don't need to sell off in a hurry, watch the market, price might get to your entery point again, also always set stop loss, this will help curtail your losses.
Also trading required experience, as such you should read, do research and also trade along side people who are knowledgeable in the trading field.

To get profit from our trading, patience and discipline are needed in the strategies that we have planned. Prices on the market always move quickly and I think with patience, we can sell at high prices and buy at low prices so we can maximize our profits

[baigreen]

Basically, for you to be a trader, then you should learn to control your emotions, that is where patience comes in,  sometimes you could see the coin you bought dipping, you don't need to sell off in a hurry, watch the market, price might get to your entery point again, also always set stop loss, this will help curtail your losses.
Also trading required experience, as such you should read, do research and also trade along side people who are knowledgeable in the trading field.

To get profit from our trading, patience and discipline are needed in the strategies that we have planned. Prices on the market always move quickly and I think with patience, we can sell at high prices and buy at low prices so we can maximize our profits

I do not know, I am not an experienced trader. I do not see big growths. If the growth of a new coin of 10% is considered good. What to do if the coin lost X10 after entering the market. To trade in new coins is difficult, they are very unstable. Even if you follow all the news.

[Taufik blackspade team]

I do not know, I am not an experienced trader. I do not see big growths. If the growth of a new coin of 10% is considered good. What to do if the coin lost X10 after entering the market. To trade in new coins is difficult, they are very unstable. Even if you follow all the news.

New coins sometimes have several updates in the short term. you can see it when an update occurs whether there is a response to an increase in prices. and the bias after rising will not last long for the short term. there will definitely be a decline. take advantage of this moment if you are bored for a long wait.

[rdewilde]

Experience can only be gotten through patience. That is, when one is keen on learning something, mistakes will happen, discouragement might set in etc but once the person remains steadfast and patient while learning he will break new frontiers at the same time accumulating loads and loads of experience which were taught through those mistakes etc. Same can be likened to crypto trading, we need patience in order to get experience.

[Icologies]

of course, a true trader must need extra patience especially when the price in the market has decreased significantly. keep learning from mistakes and fix them is one to achieve success.

[Barracuda]

Trading does teach patience and train us mentally when our altcoin has decreased. And there we decide whether to hold or sell it. Of course if we sell we will suffer losses. And this is where patience will be created because we can know when it's time to hold back and when it's time to sell.

[adam1230]

I tried altcoin trading several times and learned lots of things.
But the main problem is there is no fundemental reasons for altcoin pump and patterns.
So i swithed to FX tarding.
I learned trading on the hardes battle so its now really more easy to make money on FX market.