I have realized more that patience is all that it takes

[Davidvictorson]

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.

Trading is hard. Anyone can trade only few can be patient. And truth is, the reward of patience is getting paid. In other words, like most traders say, we get paid by being patient. Patience is what makes the trader stick to rules of trading and it is what makes the trader to not trade with emotions, rather apply psychology.

[Zigabel]

patience in trading helps a whole lot but learn to know the difference between patience and wasting your time waiting is another act you should learn because if you understand the concept of trading and its dynamics, there are some things you wouldn't be even trying to wait for as it becomes obvious jus through a glimpse at the chart so you shouldn't try to even think of been patient with such as it may appear like a waste of time.

  

[Questat]

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.

Patience creates more winning trades, and that's for certain. While those who trade impatiently, they're most likely trading using their emotions which is the worst enemy when trading. Emotions have no room in trading, but patience is all we need so we can be successful in our series of trades, regardless if it means sticking to long trades just to come up with trading perfect timing.

[letteredhub]

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

...patience enables or help you as a trader to still have money at hand when there an opportunity in the market when other impatient traders has lost all they had.
... Patient makes you calm because you don't enter a trading position before it gets to the appropriate timing
... Patience teaches you to understand that you don't need to chase a missed trading opportunity as another would surface again with time.

The truth remains that patience in cryptocurrency trading can't be overemphasized as it's a breastplate that every trader must at all times put on in order to avoid unnecessary losses other traders experiences in the market. It puts you more in profit with less losses.

[$weetne$$]

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

I have to agree with everything that you have said because I know how important patience is in trading and every other aspect of our life. Patience tells you to be contended with what you have and not to be greedy to increase your leverage when you do not have the experience for the new leverage. Patience is the key to having a successful trading and investment career. Patience teaches you to learn before you begin to practice. Patience helps you to rethink the decision you want to make and not be in a rush to make them. But while having patience, do not mistake it with being dumb as there are times you have to man up and decide that you made a mistake to end the trade before you lose too much money that you would not be capable of handling but still you need to be have patience with yourself.

[Dave1]

I think it's no secret that patience is the key to be successful in trading or in life in general. Without it, your emotions might take over, you reacted to impulses and so after that, it will result into a bad trade and then you are going to lose in the end.

But it takes practice though before we can settle down and have the ability and self control and us staying focus on the things that we wanted to accomplished. So not easy in the beginning for traders, but if they were able to endure it then they can make a better decision later.

[Kelward]

Patience is a very important secondary aspect in crypto trading after you've learned the basics, like fundamental and technical analysis and being well mentored. A lot of people gets misconceptions about crypto trading because of what they hear from social media and people who misguides them. They enter trading with a lot of their funds and they're in a hurry to start making profits, then they lose everything. So I very much agree that patience is a virtue in crypto trading and newbies that didn't have experienced traders to mentor them will learn the hard way.

[Oshosondy]

Trading is hard. Anyone can trade only few can be patient. And truth is, the reward of patience is getting paid. In other words, like most traders say, we get paid by being patient. Patience is what makes the trader stick to rules of trading and it is what makes the trader to not trade with emotions, rather apply psychology.

Yes, trading is very hard. It is not good to work for money and earn the money and use it to trade in a way that will take your time and also exhauste your energy and yet be losing the money. Traders that are not patient have these common losses.

But it takes practice though before we can settle down and have the ability and self control and us staying focus on the things that we wanted to accomplished. So not easy in the beginning for traders, but if they were able to endure it then they can make a better decision later.

Some people endure it and continue to trade but they continue to lose because they do not know the reason for their losses. Trading is very risky but patience helps a lot but many traders do not even know what it is to be patient and they have been trading for a long time.

[SamReomo]

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.

Yes, those people who aren't making money in trading doesn't know much about patience. It's one of the most important things that a trade has because without patience a trader can't make any good profits.

Those who have no patience often end up losing money in trading and at the end they get into false beliefs that the market is manipulative blah blah blah. But in real they have no patience and that's why they lose money.

[Viscore]

That goes to show that patience is everything a good trader must have. It's not all about how huge the profits awaits for you, but it's on how you do trading at its perfect timing. The market is never constant but is way more unpredictable and uncertain. And you can't take advantage of the market if you end up trading without the market's approval. That's the reason why as much as possible, being patient should be highly prioritized. Otherwise, trading will eventually turn into gambling, it's like you are only wasting time and money in an uncertain outcome.

[Maslate]

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.

Exactly. No one is good enough to stretch his patience more if he has no idea itself how trading works. Because if we observe new traders these days, patience has no room in them but it's more on greed and taking decisions impulsively and rush into trading without weighing its possible outcome. However, for real experienced traders, patience is all that it takes for them so they can maximize profits in trading and avoid possible losses.

[mirakal]

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.

Trading is hard. Anyone can trade only few can be patient. And truth is, the reward of patience is getting paid. In other words, like most traders say, we get paid by being patient. Patience is what makes the trader stick to rules of trading and it is what makes the trader to not trade with emotions, rather apply psychology.

Patience is what makes trading gain profits and avoid maximum losses. If all traders adopt patience everytime they decide to trade, then most probably we will end up with high rate of successful traders, but we all know it’s hardly possible for newbies in trading as they trade more with greed and aggressiveness, that’s why majority of them do not succeed but mostly end up with failure and high amount of losses.

[Franctoshi]

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.

In as much as I buy the Idea that patient is one key thing and contributes a lot in your profitability and helping one to becoming that successful trader which you want to become, indeed the market is a waiting game and it does require someone a trader with patient to to wait for the set ups and terms and conditions of entry to be met, However from the point of experience from years of trading, there are still other things aside being patience ,risk management would better be treated a separate thing on its own, which falls under using low leverage you made mention and not fall under being patience.

[Coyster]

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 one has the requisite trading skills and in addition to that, they aren't greedy, are patient and look for small profit, then you are correct that they would be somewhat successful in trading. The thing is, quite a lot of people do not fancy the small profits, they want to get the big one, and they forget that accruing little amounts over time is better than losing all your money in a short time and falling out of trading.

[jcojci]

Searching a small profit but continuously will be recommended because they don't have to wait for some time to takes profit. They use their patience in trading and search for the way to enter and close their trading. They know that they can make a profit from that and if they repeat that way, their profit will be bigger. But many traders doesn't want to make a small profit instead want to chase the bigger profit but they don't realizes that the market can reverse to the other direction. That makes many traders lose the opportunity to make a profit and buy in a lower price because they still wait for the next higher price which they don't know when that will comes. They can wait to make a profit more and more and with patience they have, they will make a big profit from collecting their small profit.

[arwin100]

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 everything since without this all of those activities what you do will collapsed. Also by having that traits for sure we could decide well on anything action that we want to do.

Compare if we don't have any patience to wait on anything since what we always want is fast result. With that for sure there's huge chance that we will only lose our money. That's why its really good to bring good attitude on every investment decisions we made, especially on doing trade since we provably could take home some gains if we have good discipline. Trading is risky that's why we need good attitude to deal with those risk properly.

[Lakai01]

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 one has the requisite trading skills and in addition to that, they aren't greedy, are patient and look for small profit, then you are correct that they would be somewhat successful in trading. The thing is, quite a lot of people do not fancy the small profits, they want to get the big one, and they forget that accruing little amounts over time is better than losing all your money in a short time and falling out of trading.

This “trap” is actually very easy to avoid:

You make a plan before the trade that includes both the stop losses and the take profit targets ... and stick 100% to this plan.
In this way, “too greedy” can no longer happen, as you think very carefully in advance about when to get out - both in the case of bad trends and good trends.

This approach has saved me from losing money countless times, so I would definitely recommend it.

[Kemarit]

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 one has the requisite trading skills and in addition to that, they aren't greedy, are patient and look for small profit, then you are correct that they would be somewhat successful in trading. The thing is, quite a lot of people do not fancy the small profits, they want to get the big one, and they forget that accruing little amounts over time is better than losing all your money in a short time and falling out of trading.

This “trap” is actually very easy to avoid:

You make a plan before the trade that includes both the stop losses and the take profit targets ... and stick 100% to this plan.
In this way, “too greedy” can no longer happen, as you think very carefully in advance about when to get out - both in the case of bad trends and good trends.

This approach has saved me from losing money countless times, so I would definitely recommend it.

Yeah, good advise, I think newbies and even those who have been trading for so long might have benefited from this. And why not, I mean if you are really just going for the profits, and as little as you can then you can used this plan and stick to it.

The problem with some traders is that they know the tricks and tips, but still though they fell on the trap of being greedy. We can't blame them though, but if you have a plan you just have to stick to it no matter what the result will be and then just re-adjust as you go along.