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Author Topic: I have realized more that patience is all that it takes  (Read 450 times)
hyudien
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August 25, 2024, 04:44:08 PM
 #61

In making trades, there is a need for us to exercise patience if we don't want to rush into some nasty situation whereby we rushed out of them the same way we went in, patience is the key in everything we do in life because it will guide, instruct and help rediscover on other things which time would have brough our way to discover after been patience, we can run a check on series of occasions whereby some people have not been patience in what they do and later regret making decision in them, all because they couldn't apply as little patience needed in other to get it right as applicable. 
Without patience in doing something, it will definitely have bad consequences in the future, in any case. Patience can be said to be one of the barriers for us so that we don't do something in a hurry. Because we have to be more careful in taking steps, don't let it make us regret it in the end. I have seen many people who rush into doing something end up with something unexpected. It should also be remembered that in trading we bring money and money is something sensitive, everyone says the same thing about money. Something sensitive will have a big impact on our lives, I will take an example in real life that money can break friendships or even family ties. If we relate it to trading, then that is one of the illustrations of why we have to be careful with money, one of which is by prioritizing patience.

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August 26, 2024, 05:43:34 AM
 #62

Patience and persistence are most important to succeed in every endeavor. Now if a newbie trader starts trading and as we know in trading, everyone has an objective how can I invest and profit from it. But as many know we can't adapt ourselves to trade so I have to learn here patiently and stick to it. In most cases the possibility is that you may lose as opposed to gain by trading early on. So don't get discouraged or lose patience.  In trading you must spend a certain amount of time here and gradually learn and make yourself more experienced. Only then you can become a successful trader in future.

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August 26, 2024, 06:52:40 AM
 #63

Patience and persistence are most important to succeed in every endeavor. Now if a newbie trader starts trading and as we know in trading, everyone has an objective how can I invest and profit from it. But as many know we can't adapt ourselves to trade so I have to learn here patiently and stick to it. In most cases the possibility is that you may lose as opposed to gain by trading early on. So don't get discouraged or lose patience.  In trading you must spend a certain amount of time here and gradually learn and make yourself more experienced. Only then you can become a successful trader in future.
There will be new knowledge and new learning every day that we get if we pursue trading seriously and it is undeniable that patience from that will produce results to be able to control yourself not to make mistakes in trading. I realize that in trading the most difficult thing is to control yourself in everything when you see market movements that are not in accordance with our expectations or predictions, so being patient is important enough to avoid unwanted things.

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taufik123
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August 26, 2024, 06:13:34 PM
 #64

-snip-
I realize that in trading the most difficult thing is to control yourself in everything when you see market movements that are not in accordance with our expectations or predictions, so being patient is important enough to avoid unwanted things.
In addition to you having to be patient, you also need a backup plan when the market moves don't match our initial predictions.
I always have a reserve strategy to deal with this and also have a reserve of money to buy more when the price really drops drastically.

Psychology will always be played when the market is unstable, but don't be influenced by an unstable market,
you must stick to the path that has been made and use the strategy that has been prepared.

 
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August 26, 2024, 06:31:18 PM
 #65

-snip-
I realize that in trading the most difficult thing is to control yourself in everything when you see market movements that are not in accordance with our expectations or predictions, so being patient is important enough to avoid unwanted things.
In addition to you having to be patient, you also need a backup plan when the market moves don't match our initial predictions.
I always have a reserve strategy to deal with this and also have a reserve of money to buy more when the price really drops drastically.

Psychology will always be played when the market is unstable, but don't be influenced by an unstable market,
you must stick to the path that has been made and use the strategy that has been prepared.

Yep, self-discipline and backups can make wonders for everybody who utilizes them in dire situations Grin I agree.

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August 28, 2024, 07:09:50 PM
 #66

Patience and persistence are most important to succeed in every endeavor. Now if a newbie trader starts trading and as we know in trading, everyone has an objective how can I invest and profit from it. But as many know we can't adapt ourselves to trade so I have to learn here patiently and stick to it. In most cases the possibility is that you may lose as opposed to gain by trading early on. So don't get discouraged or lose patience.  In trading you must spend a certain amount of time here and gradually learn and make yourself more experienced. Only then you can become a successful trader in future.
There will be new knowledge and new learning every day that we get if we pursue trading seriously and it is undeniable that patience from that will produce results to be able to control yourself not to make mistakes in trading. I realize that in trading the most difficult thing is to control yourself in everything when you see market movements that are not in accordance with our expectations or predictions, so being patient is important enough to avoid unwanted things.
As we are heading in our life we are having always new things and knowledge with many updates related to things which are linked with us like trading we are discussing for many months, and we are having too many new things from different peoples with most of the time we are taking positive things for our future and giving important new guidelines to others as well because no one can stop this trading is one of the most talked thing in recent time here.

We have too many new things which bring many good advantages and analysis for us as we are improving our knowledge base and having better and improved results even we are still in early stages, but we are surely doing good work, and we can go through for the better results with patience.

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August 28, 2024, 08:40:33 PM
 #67

-snip-
I realize that in trading the most difficult thing is to control yourself in everything when you see market movements that are not in accordance with our expectations or predictions, so being patient is important enough to avoid unwanted things.
In addition to you having to be patient, you also need a backup plan when the market moves don't match our initial predictions.
I always have a reserve strategy to deal with this and also have a reserve of money to buy more when the price really drops drastically.

Psychology will always be played when the market is unstable, but don't be influenced by an unstable market,
you must stick to the path that has been made and use the strategy that has been prepared.
It's really essential to have a back-up plan regardless of how the market moves accordingly or not. Successful traders have made it a point to always have a reserved strategy, and that remains them successful and profitable all the way, so I think newbies should also learn from it. Patience may lead you right in trading, as well as having a good back up plan not only in trading but even in other aspects of investments as well.

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August 28, 2024, 08:59:34 PM
 #68

Patience and persistence are most important to succeed in every endeavor. Now if a newbie trader starts trading and as we know in trading, everyone has an objective how can I invest and profit from it. But as many know we can't adapt ourselves to trade so I have to learn here patiently and stick to it. In most cases the possibility is that you may lose as opposed to gain by trading early on. So don't get discouraged or lose patience.  In trading you must spend a certain amount of time here and gradually learn and make yourself more experienced. Only then you can become a successful trader in future.

Without the experience you can't be called a trader hence you don't need to be disappointed because you need the experience you are getting from failing. You have to continue to learn to the extent that you can be considered to be perfect. As a newbie just begining to start trading, you need persistence to keep you going so you don't get disappointed because of lack of profits. Trading is risky and not easy hence you have to be prepared for anything that you see ahead. Traders have lots of stories to tell because of the things they have witnessed from the market. You can do all your analysis correctly yet the market will still make you to lose. As you become a successful trader, there's no going backwards because you have all the knowledge that you didn't have previously when you just started to trade and with those new knowledge, you can enter any trade and make money.

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August 28, 2024, 09:31:29 PM
 #69

To be honest patience is matter a lot what ever a person is trying to do in this life and his lack of patience all his plan can definitely go wrong, especially those newbie’s that are introduced themselves into the trading they think say trading is like other stuff that a person can just run without been patience or knowledge, The trading is all about have a much knowledge and is also not for those that are very emotional.

Furthermore, there are some people that they didn’t know how to control the market strategies and they calling themselves a traders where by they didn’t learn to know much about the trading, they forget that everything has a slow journey by fellowing the due process before achieving a goals

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August 29, 2024, 12:06:49 AM
 #70

It's really essential to have a back-up plan regardless of how the market moves accordingly or not. Successful traders have made it a point to always have a reserved strategy, and that remains them successful and profitable all the way, so I think newbies should also learn from it. Patience may lead you right in trading, as well as having a good back up plan not only in trading but even in other aspects of investments as well.
A special strategy or even a back-up strategy is indeed needed when the main strategy cannot run as planned.
There are many obstacles why it happens, one of which is because of the unpredictable market conditions and a lot of bad news in crypto.

A professional trader will also suffer losses when their plans are not in line with market conditions,
but they can recover quickly because they have a back-up plan or a specific strategy and do not panic about the situation.

Panic will be a factor that makes a person forget their strategy, not make good decisions and always see that there will only be losses.

 
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boty
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August 29, 2024, 04:08:06 AM
 #71

To be honest patience is matter a lot what ever a person is trying to do in this life and his lack of patience all his plan can definitely go wrong, especially those newbie’s that are introduced themselves into the trading they think say trading is like other stuff that a person can just run without been patience or knowledge, The trading is all about have a much knowledge and is also not for those that are very emotional.

Furthermore, there are some people that they didn’t know how to control the market strategies and they calling themselves a traders where by they didn’t learn to know much about the trading, they forget that everything has a slow journey by fellowing the due process before achieving a goals
Yes you are right in anything we do of course patience is needed in order to get good results because when someone does it without having patience of course they will do it in a hurry which of course the results obtained will not be in accordance with what they want and this is because when they do it they only base it on their feelings who only want to get better but they forget the importance of trading they must be very careful and considerate and after considering everything they can make a decision that will certainly benefit them.

Every person who trades certainly has their own strategy before deciding to enter the market and without knowledge of course they will not be able to make a profit but if they continue to learn about trading of course they will be able to get good results and of course they must be patient with each learning process that they must go through properly.
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August 29, 2024, 04:22:59 AM
 #72

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 is true because with patience people can improve their trading experience and skills to be better.
I have also heard how a trader only thinks about making small money in trading consistently and they only target appropriate results and do not force themselves to be greedy in trading.
Almost many people do not get the results they want when they are involved in the initial trades they do because they may talk about knowledge or experience.
But over time, experience will teach us to continue to improve, it is better to make small profits than to lose a lot of money in trading.

The problem is that patience will not make anything when someone does not understand trading and instead persists in patience that has no direction will not help anyone to develop.

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