I have realized more that patience is all that it takes

[Oshosondy]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

[hugeblack]

Patience is useful when you have a clear definition of trading and how you deal with profit and loss, but without that, it is not logical to be patient with a losing investment. On the contrary, sometimes knowing that you made a bad deal and closing it with minimal losses is better than continuing to lose your investment.

[Rockstarguy]

Of course patience is everything in trading, like the first process in trading is to learn to have understanding and if you do not have patience to get this understanding and you go into the market to trade it will cause you to lose lot of money.

In the beginning of trading you may not be getting trading just the way you want for yourself but patience will keep you going by encouraging you. In trading you do not need patience in one particular aspect but from the beginning of trading till you Continue with trading. When you consider the profit you make in trading and if you don't have patience you can decide to over trade which can also lead you to lose more. Patience helps traders to be alright with profit they have for the moment.

[Barikui1]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

Well, you are very much correct, patience is one vital component needed to be successful not just in trading, but in life generally, because most times what we are doing might not be giving us the right result but if we can be able to keep on working and be patient, eventually it's going to pay off at the very end.

Then talking of patience in trading, yes, it's very much important that a trader must have the right patience to wait for the right set-up before he or she takes a trade, wait and be very sure of the next move you want to take next, but know one thing, patience alone can't guarantee success in trading, you needs to be knowledgeable in technical and fundamental analysis, know how to manage your risk properly, know the kind of leverage to use if you must, knowing when to stay off the market, these are just few skills I can remember that you must have in other to be successful in trading, not just patience.

[justdimin]

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

This must be a misconception. I mean, no one will stay forever for small profits. A beginner may start with a plan of "only small profits" but I am very much sure, after few days (not even weeks), will decide about some more profits and this will lead to being greedier and then the final result is what we usually hear about all traders.

Yes, small profit will be a definite boredom. Money making is more exciting only when you see more money inflow. This is a common truth as per human psychology.

Probably a prolong struggling trader after losing all their capital, may get back into trading with new plans like only 1 or 2 trade per day and only small profit on each trade. Still, over the time, I have been watching that they also do breach their own plans.

Being patience is a very big ritual which is the reason why most traders never able to make it a habit.

[Finestream]

Patience is useful when you have a clear definition of trading and how you deal with profit and loss, but without that, it is not logical to be patient with a losing investment. On the contrary, sometimes knowing that you made a bad deal and closing it with minimal losses is better than continuing to lose your investment.

I guess you can’t be patient enough if you know nothing about trading. Patience helps you comes up with informed, rational decisions, thus waiting for the right opportunities to trade with higher probability of gaining profits. Without patience and most likely discipline in trading, one can never do diligent research and set up clear trading plan and developed trading strategies, thus ending a trade prone to failure and losses.

[milewilda]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

Actually this isnt really just that talking about being patient but rather  this is really that talking about self realizations and thinking up realistically because patience isnt enough for you
to have these kind of considerations or thinking specially when you do deal up with a volatile market. On the time that you are really that having those kind of positive expectations towards
trading and setting up some unrealistic goals just because you are really that too optimistic that you can do it then it do really shows that you arent that wary enough about on how this market works.
People would really be thato nly making out those realizations on the time or moment that they would be able to see themselves having those experiences.

Although patience would really be that making a huge positive effect on the time that you would really be applying this into this field on which on the time that you do have that patience
then you are really that aware on what are the actions that you would really be needing up to be done since you are already that wary on how things works. You would really be
able to normally learn things naturally along the way and this is why it would really be important that you do really have that kind of acceptance on the moment that
you would be able to engage with it. It all matters about self awareness on how things do works around.

[Catenaccio]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience is important because it relates to discipline too. You can not have good discipline if you are impatient and without good discipline, you are keen on failure rather than success.

Discipline is important in life, not only in trading or investment.

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

I don't think these things relate to patience, but relate to discipline. Patience helps you to get good discipline that will in turn help you to stick with your plan and strategy for trading. With it, you will patiently wait for good entries to open your trading positions, and wait patiently to take profit. It also helps you to close your positions with cut loss, stop limit order or manually without hesitation and wait for recovery but market will fall down deeper in reality.

Capital management, leverage usage, averaging strategy are all related to your trading knowledge and strategy, but not related to patience.

[Die_empty]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

Some traders are high risk takers because they assume that they higher the risk the bigger the profit. They fail to understand that they might also lose all if the market turns against them. I am not in that category because I believe in building wealth gradually until it grows. Patience is an important virtue that gives you hope when others are becoming hopeless. It helps us to analyze the market thoroughly before taking decision.

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

This must be a misconception. I mean, no one will stay forever for small profits. A beginner may start with a plan of "only small profits" but I am very much sure, after few days (not even weeks), will decide about some more profits and this will lead to being greedier and then the final result is what we usually hear about all traders.

It is not out of place to take risks sometimes. However, greed can lead to unrecoverable losses. We should always take calculated risks that are not driven by greed.

[pusaka]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

Patience is in an important place when trading, unconsciously we really need it. But it doesn't seem to be from a trade because we miss it because we are too focused on something that is directly related to trading, such as market conditions and so on. What you said is very big, because if we look deeper then we will find something small that is the fruit of patience. For example, in determining when we will enter, sometimes emotions drive us to quickly enter, even though in our analysis we know that there is still a more appropriate time, but our minds are disturbed by great desires or also by thoughts of fear of a sudden price reversal, and unconsciously patience has an important role in situations like this.

[Awaklara]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

that's right. I experienced it myself when I was learning to trade. what was on my mind was impatience to start trading. wanting to get a profit immediately and finally rushing to open a trading position.
whoever wants to trade, they have to be patient and that is the key. don't be too hasty to start trading. do everything when we are really ready to do it, no need to be too hasty.

[crwth]

The big winning trades that I have gotten came from very long trades like months on end and I am just holding that position and then waiting for that really big jump and then take profits. Having that long-term trade is patience already and has helped me get some profits.

This is a very unique skill that should be learned by every trader.

[SquirrelJulietGarden]

The big winning trades that I have gotten came from very long trades like months on end and I am just holding that position and then waiting for that really big jump and then take profits. Having that long-term trade is patience already and has helped me get some profits.

This is a very unique skill that should be learned by every trader.

To win as a trader, you need enough knowledge and experience then patience and discipline to wait for a long time before finding a good entry that will help to gaining profit. Without any of these things will cause to unsuccessful trading and loss is waiting you along your trading adventure.

When you hold your position in trading for months, it turns to be investment, no longer as trading but your example gives newbies an idea that if they only use Spot trading, don't use leverages or futures, they can hold their positions for months and wait for price rally or even a bull run. This advice is for strong cryptocurrency like Bitcoin, Ethereum. With small and new altcoins which are very sensitive with Bitcoin correction and bear market as well as abandon of founders and developers, it's super risky to hold them. With them, holding longer means higher risk to get bigger loss.

[adultcrypto]

Any trader that does not wear patience like a cloth is doomed to fail. Patience is once of the greatest attributes of successful traders and no matter the strategy you are using, without waiting for the patter to fully developed, any entry can be disastrous. 

I have had bad experience with impatience like a situation whereby I got the directional bit but unable to wait for market to reach point of interest before waiting for the setup to enter. The result of this is that the market will hit my stop loss before continuing in my direction, this is the height of pain.

[BABY SHOES]

that's right. I experienced it myself when I was learning to trade. what was on my mind was impatience to start trading. wanting to get a profit immediately and finally rushing to open a trading position.
whoever wants to trade, they have to be patient and that is the key. don't be too hasty to start trading. do everything when we are really ready to do it, no need to be too hasty.

Like my friend who always opens a lot of trading positions because they want to get more profit, but what happens when the market crashes and bitcoin to $50K he loses all of it, which initially wanted to open 1 position instead of 4 positions opened with high leverage, meaning he does not have patience but more greed is high.

If trading there is no patience then it will fall apart, I say this because I have experienced it even though from that incident it became a valuable experience for me in the future to trade, and so far not trading in a few months because for me it is too draining a restless mind.

[Nrcewker]

Be it trading or any other profession, patience will always be the key to success. I really liked how OP has divided the portions where patience plays an important role. According to me, the most important part where patience comes in is setting profit goals. We need to set goals and then keep the coins untouched patiently. If someone learns this act, then definitely he can excel in trading and making profits. Just don’t be greedy and have patience and faith in the market.

[Churchillvv]

This has been the head topic of every influencer or tutor that I have come across the the crypto trading industry, the golden rule or trading has always been be patient in every trade you take. patience has so many benefits as it has to even make more profit, last time I was with a friend who traded and lost his trade immediately rentered the market because his always patient with his strategy and as such he made a good profit from the trade.

In everything you do it's always very good to have patience as it's one guide to succeed in life generally and not only in trading.

[LogitechMouse]

Patience advice you to use low leverage

It's quite ironic for me that I have patience to hold my assets for more than 4 years, but I don't have the patience when it comes to trading. This is the reason why I lost my money in trading. I'm doing fine back when I'm only trading in Spot, but because of greed and curiosity, I tried to do futures trading where most profits are being created there but instead of profits, I got losses because of lack of patience. Lack of patience and at the same time, high leverages is what caused me to lose my money in trading.

I will not forget that I became a greedy and impatient person back then. Same with when I invested into meme coin when it is at it's hype, and I lost my money.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

This hurts really bad for me.
Kidding aside, I would also add that patience would be an important factor for the trader in order for them to make profit, but patience alone as we know isn't enough. We still need knowledge that will help us in making better decisions.

[topbitcoin]

I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?

Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit

Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

Of course patience is the key to victory, only experienced traders can do this, because there are so many experiences about rushing, over-leveraging, fomo on the ups and downs so that placing short and long positions without clear arrangements in their trading activities become losses faster, yes that is me who has learned from a lot of impatience in the market.

Patience makes me prefer a calmer flow, leverage no more than 10x with adjusted risk if my position is liquidated.

[Stepstowealth]

If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.

When new people to trading near about patience, there can be limits to the extent that people understand what patience really means. Even when learning to trade, patience is essential, because the learning process is not so easy and will always require you to be consistent. New traders who are impatient can easily get a loss of focus that will lead to them looking for signal groups to join into for free signals. Even if this signal groups are profiting sometimes, how long can they stay that way, and will you really call your self a trader if you just depend on signal groups. Joining signal groups for quick profit is one thing that lack of patience in trading can cause.