What does patience mean in trading?

[bitgolden]

It means that you do not see a good trade to execute just yet, and you do not do it, instead of you do not see any good one, but you do not want to stay irrelevant and empty handed so you do something anyway. These type of advices looks like it is not a big deal, but the reality is that many people are missing this and that's why I think we should remember to do it no matter what.

All in all, I think we need to make sure that it is going to be fun to keep this going, and this is why I think we need to grow bigger and better. After all, why would we not want to do something if we can keep doing it? Meaning that if you want to avoid all of this, just focus on making as much money as you can buy only getting involved when there is money to be made.

[lixer]

D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.

This point is only necessary if you don't have a plan on how to structure your trades, what the exit points are, etc.
If you have this plan (and you absolutely should!) then it has less to do with "patience" and more to do with "sticking to your plan", i.e. sticking to it even if, for example, trades go badly or you think you absolutely have to add money to trades that are going well ... and then - as always - immediately turn negative.

Patience is therefore mainly needed for your first 3 points, the 4th point is obsolete with a good plan. Or at least it should be.

This is such a right approach, we should consider how we have a plan and while we are waiting for our plan to show up and do better, we may end up with some issues as well, which could cause a little bit of trouble, and I would understand why that matters. However, if we could potentially avoid such a thing, then I will probably try to get a better result with it, and that's how I am trying to approach these things.

If I have a plan, then I will stick to my plan, even if there are drops around the way, hell I will buy even more if it goes down, so I am not going to end up with any problems at all. This is just a simple reasoning, it is such an easy thing to do and everyone should realize that this is the way to make money.

[Awaklara]

Yes, all things are needed to increase success in the analysis we carry out. The things you mentioned are things that need to be done to make us successful in trading. Even though it takes a lot of patience, this might increase the success rate in making a profit. It might seem quite troublesome, because of that, traders are required to be patient, especially when it comes to waiting for the right moment.

Traders can have patience in trading as their trading knowledge and experience increases. Practicing patience in trading will not work by just reading theory. when you are in a real position in trading, it will provide valuable experience. and most experience will be more successful than just learning theory.
This means that when we trade more and more, we will feel the real market situation. we can feel real panic and if we fail because of panic, then we learn the lesson that in trading, we really need patience to achieve the planned target.

[Fara Chan]

Yes, all things are needed to increase success in the analysis we carry out. The things you mentioned are things that need to be done to make us successful in trading. Even though it takes a lot of patience, this might increase the success rate in making a profit. It might seem quite troublesome, because of that, traders are required to be patient, especially when it comes to waiting for the right moment.

There are no easy things in achieving success, so the things that are more troublesome are actually the methods or paths that need to be taken and must also continue to get used to it so that we ourselves can enjoy the process without considering it troublesome or difficult to achieve. Trading is a job that has risks and it needs to be done better by anyone so that the results themselves can be better even though the crypto market conditions themselves are not the same because there are important moments that we need to see for ourselves.

[khiholangkang]

Yes, all things are needed to increase success in the analysis we carry out. The things you mentioned are things that need to be done to make us successful in trading. Even though it takes a lot of patience, this might increase the success rate in making a profit. It might seem quite troublesome, because of that, traders are required to be patient, especially when it comes to waiting for the right moment.

There are no easy things in achieving success, so the things that are more troublesome are actually the methods or paths that need to be taken and must also continue to get used to it so that we ourselves can enjoy the process without considering it troublesome or difficult to achieve. Trading is a job that has risks and it needs to be done better by anyone so that the results themselves can be better even though the crypto market conditions themselves are not the same because there are important moments that we need to see for ourselves.

It can be said that hours of flying in trading, it will be something that will be very important because there are some that must be disciplined in a trade, both patience, habits, seeing moments, making decisions and so on as a fundamentalist of a good trade to achieve success, especially in terms of mental it will be quite disturbing and patience will be lost because of losing our self-control when our mentality is affected by market fluctuations, both losses and profits, and emotions will grow.

It is not easy but if disciplined slowly maybe we will continue to be able to make profits consistently with very good patience.

[Dr.Bitcoin_Strange]

A trader needs to have patience, learn how to trade, experience some losses, learn from their mistakes, and so many other con and pro's, and after they have surf through, they can become good traders. 

Seeing some nice result is important, even if it's not consistent because it can give someone a hope or a motivation and if they can only see the same thing or they think they are not progressing, they will think that what they are doing is useless and this leads for them to quit. This can be a good decision though and they can try their luck on other things instead.

Being patient is not being stupid, and when a person is patiently learning how to trade, or maybe the person has already become a good trader, patience needs to be exercised in some positions they take in the market. I am not saying that for a trader to be patient in their trade, they have to experience countless losses. Nope. There are some trades you will enter, and at some point you just want to take profit and end the trade, while if you still allow the trade for some time, you might make more profit. Another thing about patience is that you have to wait for the right market opportunity to come; that's when you are really sure that if you take that trading position, you will make a profit. But if you don't wait for the perfect opportunity to enter a trade, you might run into losses. 

[Egii Nna]

D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.

This same patience to meet up to your target can still make you lose more than you expected, unless your target is not that high and you have a good analysis. As someone who wants to start trading, you need to keep in mind that your best target is seeing yourself make a profit when every time you see a profit, don’t make it yourself, so fixing on a single target is not what I am saying. You should not have a target. No, you are expected to have a target because without a target, there is no plan, and anything that is not well planned will definitely cause some regrets, and in trading, it will definitely lead to loss. All I am emphasising is that when setting a target, you shouldn’t be greedy because if greediness is involved, you will definitely lose. That is just a true fact. 

[RockBell]

This same patience to meet up to your target can still make you lose more than you expected, unless your target is not that high and you have a good analysis. As someone who wants to start trading, you need to keep in mind that your best target is seeing yourself make a profit when every time you see a profit, don’t make it yourself, so fixing on a single target is not what I am saying. You should not have a target. No, you are expected to have a target because without a target, there is no plan, and anything that is not well planned will definitely cause some regrets, and in trading, it will definitely lead to loss. All I am emphasising is that when setting a target, you shouldn’t be greedy because if greediness is involved, you will definitely lose. That is just a true fact. 

Patience is not really a big deal but the same time patience is very important because when you don't have patience and you are holding it won't be beneficial at all because you might want to sell at a low price,  experience people won't sell because from the day they start trading or holding because they already know what they want to archive. And they won't rest untill they make profit. The go thing about having a target  is you will want to archive it because everyone's target is to make money that is the main purpose of investing. People need to understand that trading is not luck. You must also be ready to do your best to have the important things in place, to aviod to many mistakes because their will always be mistakes. And the fact that people are to greedy will just make them lose more than they want to gain. So just be patient and not over do things. We know every one wants money but it is better to just take things slow.

[uswa56]

Traders can have patience in trading as their trading knowledge and experience increases. Practicing patience in trading will not work by just reading theory. when you are in a real position in trading, it will provide valuable experience. and most experience will be more successful than just learning theory.
This means that when we trade more and more, we will feel the real market situation. we can feel real panic and if we fail because of panic, then we learn the lesson that in trading, we really need patience to achieve the planned target.

You are right, someone who has good experience and knowledge will certainly be able to have patience in trading because when they trade, of course they first analyze the market conditions well and wait for the right time to decide to trade so they can have profitable results. they are into trading and I agree with you of course this will be obtained from how often they train themselves to trade and this will not be possible from just studying the theory of trading, when we see market conditions that are not in accordance with what we want of course Of course, this makes us emotional, but we have to remain patient so that we don't make mistakes that result in us experiencing losses in the trading we do.

[Cryptoababe]

You need patience to wait for your loss to turn into profit and to avoid hitting multiple stop losses until you get liquidated. You also need patience to choose the right coin to trade. However, too much patience can lead to greediness and turn profit into loss as well. No reasonable amount of profit is too small.

[Mr. Magkaisa]

        -      Patience contributes a lot when a trader has this quality, because it avoids or keeps us from losses while we carry out the trading activity that we do to get earnings in trading.
And there are many who have proven this with successful trading in the crypto space industry.

Because if we don't try to have it as traders, our capital will always end up in nothing, and the time and effort we will devote to the coins we choose will be wasted.

[Webetcoins]

It means that you do not see a good trade to execute just yet, and you do not do it, instead of you do not see any good one, but you do not want to stay irrelevant and empty handed so you do something anyway. These type of advices looks like it is not a big deal, but the reality is that many people are missing this and that's why I think we should remember to do it no matter what.

All in all, I think we need to make sure that it is going to be fun to keep this going, and this is why I think we need to grow bigger and better. After all, why would we not want to do something if we can keep doing it? Meaning that if you want to avoid all of this, just focus on making as much money as you can buy only getting involved when there is money to be made.

I think experience is very important to make money, if we don't have experience we can't make money especially when we are trading. I think trading is the only thing where you can learn from your mistakes. After reading OP's post, I don't think anyone can talk about trading without experience or learning. We get all these lessons only when we step into trading, we get benefits in some places, we get losses in some places, and after that, we understand all these things.

And learning never ends, no one can say that he has learned everything because every new day of life teaches something new. And I agree with you that if we know how to do something, why don't we do it, just like if we have a talent and we believe we can do it, we should keep doing it. One should not leave one's work keeping in mind any fear or danger.

[Yukyzu]

        -      Patience contributes a lot when a trader has this quality, because it avoids or keeps us from losses while we carry out the trading activity that we do to get earnings in trading.
And there are many who have proven this with successful trading in the crypto space industry.

Because if we don't try to have it as traders, our capital will always end up in nothing, and the time and effort we will devote to the coins we choose will be wasted.

I think to be able to avoid losses from trading, of course there are many things that need to be considered, one of which is patience because without patience, of course it is impossible for someone to be able to make a profit from trading because most people who are impatient when trading enter the market without analyzing it first. and immediately choosing a type of coin that is not based on their analysis is certainly very difficult for them to make a profit from trading and it is even possible that those who have little patience will also trade greedily so this is very detrimental and the funds they have will be wasted, so It's a good idea for someone who wants to trade to first train their patience so that when entering a trade they can easily control their emotions when market conditions are not according to their wishes.

[Baki202]

You need patience to wait for your loss to turn into profit and to avoid hitting multiple stop losses until you get liquidated. You also need patience to choose the right coin to trade. However, too much patience can lead to greediness and turn profit into loss as well. No reasonable amount of profit is too small.

The rate At which people like patient is not really a good mindset for people that actually want to trade. You have to have patience another to point out errors. While doing analysis. The main thing is to know how to do analysis then other thing can be put in place. The moment you are not patient enough then be ready to have multiple Losses and all these things are caused Because people are too greedy they don’t want to be patient at all. They just want to make money. Their are a lot of things you have to learn To help you control your emotions, not to be too greedy then you will be able to manage your resources and reduce the risk of losing money.

[Viscore]

Yes, all things are needed to increase success in the analysis we carry out. The things you mentioned are things that need to be done to make us successful in trading. Even though it takes a lot of patience, this might increase the success rate in making a profit. It might seem quite troublesome, because of that, traders are required to be patient, especially when it comes to waiting for the right moment.

Patience serves as a key factor to trading success. We need patience in executing our trades, as much as we need patience while waiting for the outcome of our trades. Also, we need to resort being patient if things do not work according to plan, otherwise being impatient and impulsive will only lead to wrong decision-making that will cause all our trading mistakes and losses in the end.

While patience is very crucial in trading, still our trading knowledge and skills development should still be our topmost priority in order to achieve trading success.

[Adams0001]

A) You need patience to learn how the market moves and how to trade it—"Learn" first before you "Earn."

B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.

I think you need patience for everything because without having patience you will be messing up your trades. You do not have to be in a rush to end your trade when your targets has not been reach and always stay on track with your goals and not leaving the market before your targets are reached. You need patience when learning how to trade because it can frustrate you at times. You also need patience when starting to trade newly as you will lose some of your first trade but it is your determination and persistence that would help you turn into a professional trader. You are going to make mistakes but learn to have patience with your learning process and you will turn out to become a very good trader that makes profits not always losing.

You are correct, patience is everything. You cannot achieve anything without patience, and none of the crypto investments we are making will succeed unless they are patient. Trading is a difficult endeavor that requires patience, learning, and focus before success can be achieved. Because trading is the most difficult aspect of cryptocurrency, with high risk of loss and low profitability. Many people are interested in trading, but what makes people fall is that they don't have the patience to learn before trading. If they simply see how they stake, they will just do the same thing, and they don't know how the market analysis works. People need to be patient in anything that they are doing, so that they won't regret why they are not patient to do the right things because anything that will bring you money he won't be so easy before you achieve it, you need to work hard and be patient before you can get what you are looking for.

[passwordnow]

In short: Patience means that you will not make money in trading if you don't have it. Because all markets requires that and if you're an impatient guy, be ready to welcome losses. That's easy to remember but hard to apply because not all of us can be patient at most times.

While patience is very crucial in trading, still our trading knowledge and skills development should still be our topmost priority in order to achieve trading success.

That's part of the skill development that a trader must have. Without such, you're not going to win your trades because you'd probably lose your tolerance of the market especially when you're watching it out. When the crash just happened and you can't bear it, you'd sell at losses and that's happening for most of the newbie traders and that's why they also need to practice themselves to be more patient and tolerable.

[topbitcoin]

You need patience to wait for your loss to turn into profit and to avoid hitting multiple stop losses until you get liquidated. You also need patience to choose the right coin to trade. However, too much patience can lead to greediness and turn profit into loss as well. No reasonable amount of profit is too small.

It depends on each risk profile and depends on each trading plan, the shabar position depends on how you are in a trading moment, maybe you need to see that you are at the point, because in the trading position it is quite difficult to control if you do not have a trading plan, just like you want to get profits quickly but you are still a beginner it is the same as bohing and like killing yourself.


I think this is not just talking about profit alone where you don't withdraw the money you have doubled in trading, it only applies to people who don't know what the profit target is because it is included in the trading plan, you just need to set it to overcome such a mentality.

Patience is very important especially when the moment to enter the market at the wrong time and you are still hesitant but you always want to trade without being patient waiting for the right moment of money to enter the market.

[armanda90]

You are correct, patience is everything. You cannot achieve anything without patience, and none of the crypto investments we are making will succeed unless they are patient. Trading is a difficult endeavor that requires patience, learning, and focus before success can be achieved. Because trading is the most difficult aspect of cryptocurrency, with high risk of loss and low profitability. Many people are interested in trading, but what makes people fall is that they don't have the patience to learn before trading. If they simply see how they stake, they will just do the same thing, and they don't know how the market analysis works. People need to be patient in anything that they are doing, so that they won't regret why they are not patient to do the right things because anything that will bring you money he won't be so easy before you achieve it, you need to work hard and be patient before you can get what you are looking for.

None of cryptocurrency, patience needed on all investment kinds to be success beside need firstly with skill and knowledge how to understood well with cryptocurrency investment technical way. Trading in cryptocurrency need the higher level of patience exactly when facing FUD are easily way how to make many people loss their investing assets in bitcoin or altcoin after easily sell on lower price and buy back later after price get recovery.

Patience is main problem lack having by all investor or cryptocurrency trader, I think after having knowledge about cryptocurrency and understand well how to make profitable by investing in bitcoin and altcoin get more patience waiting price recovery will make them earn much profitable in the future or become success bitcoin and altcoin investors.

[Adbitco]

For one to succeed in trading then he must always Learn to have quiet time to understand the market than being carried away, upon all traders must use a an amount they can afford to lose to trade maybe if the market went sideways or down on them meaning they would lose the capital they didn't budget for hence, when trading they should use amount they is riskable.
They should also stop rushing to market when a Little opportunity is created by the market and they seems to make little profits from it sometimes market could went down ways where do could lose within the shortest opening.