What does patience mean in trading?

[OrangeII]

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.

[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Patience is therefore mainly needed for your first 3 points, the 4th point is obsolete with a good plan.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.