Being a patient person is more important than becoming a trader

[r_victory]

Patience is the key to long-term profitability. Highly profitable assets from reputable and stable projects can experience periods of devaluation, and when this happens, many inexperienced traders panic and sell their positions. If you want to be successful in trading, patience is essential. It is also important to study the market, as the asset may in fact be in “decline” and may not recover. Patience and prudence must go hand in hand!

[Faisal2202]

In that case I have losses as long as the market is down and I wait for the market to recover. When the market starts to recover, I sell my coins at a relative profit. But when I sold my coins after some time it was seen that the market went much higher and till then if I could have held my coins then I would have got several times the profit of the profit I had sold. This has happened to me several times, that's why I am trying to be patient as much as possible, and learn more about trading. 
And it seems to me that maybe I can get good amount of profit from trading if I have patience at the right time.

In your scenario patience is not the solution because this has happened to me as well. I booked early and missed the opportunity to make a bigger profit and sometimes I made huge losses because I kept patience and did not sell. The thing is we need SL and TP in place to safe ourselves from losses in these situations.

If we have a plan, like we draw some resistance and support and set our profits and losses on the basis of R&S then we should stick to it, and should not book early or sell early. This way we can make more profit and this method is legit as I have tried it also.

[Ndabagi01]

This is the crypto market and as long as patient is important to observe in the market, you should also have it in mind that you should not confuse being patient to missing some vital opportunities you ought to have bought some coins at its lowest price. The market is unpredictable but the best of spot trading is that you won’t get liquidated and just the amount to which you have bought the coin will be reducing. If you’re getting into the market to have quick profit through spot trading, you’ll need to exercise more patient as not all coins will give you that immediately and when you don’t do the right analysis before jumping in, as the case of some memecoins, you’ll never get to recover from your loss again. So analysing the market will and executing it be being patient until it reaches your point of interest is very important too.

[Stalker22]

This is the crypto market and as long as patient is important to observe in the market, you should also have it in mind that you should not confuse being patient to missing some vital opportunities you ought to have bought some coins at its lowest price. The market is unpredictable but the best of spot trading is that you won’t get liquidated and just the amount to which you have bought the coin will be reducing. If you’re getting into the market to have quick profit through spot trading, you’ll need to exercise more patient as not all coins will give you that immediately and when you don’t do the right analysis before jumping in, as the case of some memecoins, you’ll never get to recover from your loss again. So analysing the market will and executing it be being patient until it reaches your point of interest is very important too.

OK, so you basically said "be patient, but dont be too patient, and definitely dont be stupid".

Spot trading is definitely not some secret path to instantly get rich.  The basic idea is pretty simple - buy in at a low price, hope it increases, and sell at a profit. This isnt exactly groundbreaking stuff here.  And saying you need to like, research things and have patience? Well - duh!  Thats just common sense when investing to do your homework first.   

The real challenge actually comes in sticking to those basics consistently.  Because even though we all know youre supposed to analyze stuff wait for the right opportunity, and not make reckless moves, putting that into practice is easier said than done.  Thats a whole lot harder to pull off in reality.

[Mahanton]

This is the crypto market and as long as patient is important to observe in the market, you should also have it in mind that you should not confuse being patient to missing some vital opportunities you ought to have bought some coins at its lowest price. The market is unpredictable but the best of spot trading is that you won’t get liquidated and just the amount to which you have bought the coin will be reducing. If you’re getting into the market to have quick profit through spot trading, you’ll need to exercise more patient as not all coins will give you that immediately and when you don’t do the right analysis before jumping in, as the case of some memecoins, you’ll never get to recover from your loss again. So analysing the market will and executing it be being patient until it reaches your point of interest is very important too.

OK, so you basically said "be patient, but dont be too patient, and definitely dont be stupid".

Spot trading is definitely not some secret path to instantly get rich.  The basic idea is pretty simple - buy in at a low price, hope it increases, and sell at a profit. This isnt exactly groundbreaking stuff here.  And saying you need to like, research things and have patience? Well - duh!  Thats just common sense when investing to do your homework first.   

The real challenge actually comes in sticking to those basics consistently.  Because even though we all know youre supposed to analyze stuff wait for the right opportunity, and not make reckless moves, putting that into practice is easier said than done.  Thats a whole lot harder to pull off in reality.

On the moment that we are still a noob and seeing someone do pull off some good huge profitable trade, then the primary thing that comes up into our mind is that if they do able to do then can't you? On this time then you will be that trying out to do the same but since due of that lacking experience and knowledge then you cant be able to do the same thing. When our mind do sees up someone doing not just that limited to trading and been that affected with some emotions then you will be that thinking up that you can be able to do it with ease, until that reality do slap into your face then this is the start of making realization that it was never been easy or simply. Its true that having patience and doing your own homework will be always the normal approach because you cant just that dive in into the market without having that preparation. Patience is indeed virtue but this will be only applicable into those traders who do have long term positions or simply just that trying out to hold, but for those who do make out some short term trade then having that patience or too much patience will be leading up with that tons of missed opportunities on which it is really just that a waste.

[The Cryptovator]

It's true patience is the key to crypto trading. But taking real-time decisions could make you a profitable trader. It's important to wait for a dip to buy with patience and during a sale as well. If we can't buy in cheaper, then we can't make profits from trading. So to buy in cheap, we must have patience. Keep in mind, if you think you will buy at the bottom, that might not happen always. We can't catch every bottom. So we have to set a goal for sale and buy; here we need patience, actually. We can't jump to buy, and we can't be panicked during a sale.

I've had some real experience recently with a coin. I set a price to buy and waited for a long time with patience, and eventually it happened. So from there I got a good profit because I was waiting with patience. This means that without patience we can't be a profitable trader anyway.

[Oluwa-btc]

It's not easy to know what next will happen in the market and that's why traders without the right knowledge will always run at loss. Being patient with the market is good, but when you don't know what you are doing, it becomes a big problem to you. It's better that you don't trade when you don't understand the market. I am only into spot trading and I do that with extreme caution.

The idea of being patient should not be taken for granted but rather one should embrace it as a trade mark to speed up their trading process, no wonder the saying "the patient dog eat the fastest bone cannot be eliminated cause it has a vital force in taking that business or what you're involved into to another realm. Then I really don't have some atom of patience in me over alot of things, it just seems like it's all wasting my time but I bad to learn through that same means and i can beat my chest to it that patience really worth the wait.

[MarjorieZimmermanGinger]

Patience is the key to long-term profitability. Highly profitable assets from reputable and stable projects can experience periods of devaluation, and when this happens, many inexperienced traders panic and sell their positions. If you want to be successful in trading, patience is essential. It is also important to study the market, as the asset may in fact be in “decline” and may not recover. Patience and prudence must go hand in hand!

Knowledge and experience are much more important than patience because a person can get these opportunities based on their ability to be patient in determining the entry position in the market. Panic occurs because someone does not have the knowledge to analyze the coin so that when the market experiences a decline, they take the opportunity to sell and in that condition they will experience losses.

It is also quite important to choose a coin that has a good fundamental level because even though there is a big correction, there will be a time when it will increase again. If the coin selection is wrong, it can also have an excessive panic effect when the market conditions experience a sharp decline.

[TheUltraElite]

The market is unpredictable but the best of spot trading is that you won’t get liquidated and just the amount to which you have bought the coin will be reducing. If you’re getting into the market to have quick profit through spot trading, you’ll need to exercise more patient as not all coins will give you that immediately and when you don’t do the right analysis before jumping in, as the case of some memecoins, you’ll never get to recover from your loss again.

Spot trading and anything other than spot trading are an important thing to note for newbies, because the latter is a gambling game with the exchange actually profiting.

Patience is required in spot trading to reach the buy/sell points of your choice and then execute the trade following the buy low sell high method. But memecoins dont come here. This method works for bitcoin and traditional markets as well. Memecoins are here today, gone tomorrow, dont be a fool trying to catch them, you will get burnt.

If you are into long term trading, patience will not be a problem for you. If you are doing trading full time, it will be a big itch - I dont recommend that.

[tvplus006]

In that case I have losses as long as the market is down and I wait for the market to recover. When the market starts to recover, I sell my coins at a relative profit. But when I sold my coins after some time it was seen that the market went much higher and till then if I could have held my coins then I would have got several times the profit of the profit I had sold. This has happened to me several times, that's why I am trying to be patient as much as possible, and learn more about trading.

This is not called patience, but compliance with Risk/Reward, which is an integral part of risk management. So you need to start learning about risk management, and in particular Risk/Reward, which, if followed, will not allow you to lose your deposit.

[Suman1]

Exactly this is the keynote of a trader and this attitude brings more good outcomes for them. Sharing my personal experience, I have been trading actively but after adding some BGB, ELON I'm almost at a 50% loss still I'm holding them tightly because I have calculated their potential and last time I did the same for ETH later after 1-1.5 years I sold it at its peak so one has to learn how to stick with a project but of course, you have to determine their stability in this market.

[reefsea]

It's not easy to know what next will happen in the market and that's why traders without the right knowledge will always run at loss. Being patient with the market is good, but when you don't know what you are doing, it becomes a big problem to you. It's better that you don't trade when you don't understand the market. I am only into spot trading and I do that with extreme caution.

The idea of being patient should not be taken for granted but rather one should embrace it as a trade mark to speed up their trading process, no wonder the saying "the patient dog eat the fastest bone cannot be eliminated cause it has a vital force in taking that business or what you're involved into to another realm. Then I really don't have some atom of patience in me over alot of things, it just seems like it's all wasting my time but I bad to learn through that same means and i can beat my chest to it that patience really worth the wait.

Patience is a word that seems simple but in reality is a difficult thing to do. There may not be valid data on this, but from what I have seen and experienced, patience is one of the biggest factors that contribute to failure.

I agree with you that we must find the best way so that our patience can bear sweet fruit in the end. because being patient alone is not enough without the efforts we make. Especially in trading like this where we know what the risks are.

[YOSHIE]

Patience is a very important thing in trading, if a trader cannot show maximum patience in trading then it is difficult for him to get good profit by trading.

That's how they work successfully in trading in the crypto market, patience is one of the main points, rash, ambitions, greedy and so on is all parts to the crippos in crypto trade.

Trading is risky, with you have a high level of patience, the risk can be treated, at least you have an analysis and calculation when selling and buying your crypto assets in trading on the market At least you are not in a hurry to draw conclusions, that's the use of patience in the crypto trading.

[Dzwaafu11]

Patience is a very important thing in trading, if a trader cannot show maximum patience in trading then it is difficult for him to get good profit by trading. 

Normally. Patience is one of the most important things a trader should have; many traders don’t have patience, and that is why they panic in the market. A trader who doesn’t have patience can not make money from trading. Traders who don’t have patience – I consider them as traders who don’t have knowledge of trading because if a trader has knowledge of what he or she is doing, I’m expecting them to make money from trading and not lose too much in trading .

[@nn@_pen9]

Aside other coins bitcoin market movement is another reason traders should stay patient, honestly trading is risky especially when involving different random coins there’s a low chance of marking profit. Still don’t get the topic but the context is clear and understandable, the moment a trader decides to sell without waiting that’s the perfect time the market might rise under probability but that’s the fact, I also wonder what exactly is the secret either studying the market trend.

If I read the topic created by Op, what Op uses is the spot method. Spot is not too dangerous compared to the Futures method, but it can also be dangerous if we choose the wrong coin, that's Op's mistake of speculating too much by putting his money into a newly launched coin or listening to a lot of influencers out there who are being talked about a lot and what's on people's minds is that this coin will fly at the beginning of its launch.

I think in this case it would be better if we want to invest in the crypto world, choose a coin that has been for a long time, such as bnb or eth and solana. by choosing a coin that is fundamentally strong enough, we can hold the coin for a long time, unlike holding a newly launched coin, it is very dangerous if we hold it for the long term, it could be that the coin will not last long and you can experience losses in the coin. Yes, in this case if we invest in a coin that is strong enough, waiting or being patient is the most important thing and we can apply it to get the best price from our investment.

[SuperBitMan]

When it comes to trading I don't think patience has anything to do with you being successful because some times your patience can cost you your money in trading when we talk about being patient is for those who are long term holders trading has nothing to do with patience.
One of reason why people are trading bitcoin is because they don't have the patience to hold for a very good time so they decided to hold just for a short time which is also known as Bitcoin trading.
I have a friend who is deep into trading he said when he first started that he lost a huge amount of money because of trying to be patient to get more bigger amount that from that day he started using his instinct and he has been making money.
When you are trading you really don't know when to be patient or not because cryptocurrency are volatile in nature especially Bitcoin and you really can't tell what may happen in the next minute so for me I will advise anyone that is trading to fine out what works out for him or her, for OP continue doing what works for you.

[hyudien]

Normally. Patience is one of the most important things a trader should have; many traders don’t have patience, and that is why they panic in the market. A trader who doesn’t have patience can not make money from trading. Traders who don’t have patience – I consider them as traders who don’t have knowledge of trading because if a trader has knowledge of what he or she is doing, I’m expecting them to make money from trading and not lose too much in trading .

They are not impatient but the level of patience of a person is different and this is influenced by various factors such as experience, personality and others. In trading the level of patience needed is much higher because the market is very volatile, a trader really needs to develop patience in order to make the strategy that will be used effective and also avoid impulsive decisions so it's not that they don't have patience and not always impatient people don't have knowledge these are two different things but complement each other, someone can have much better knowledge but have difficulty controlling emotions and patience so that they will get losses. As I said before develop patience so that the trades you make are not always losing.

[tygeade]

Normally. Patience is one of the most important things a trader should have; many traders don’t have patience, and that is why they panic in the market. A trader who doesn’t have patience can not make money from trading. Traders who don’t have patience – I consider them as traders who don’t have knowledge of trading because if a trader has knowledge of what he or she is doing, I’m expecting them to make money from trading and not lose too much in trading .

They are not impatient but the level of patience of a person is different and this is influenced by various factors such as experience, personality and others. In trading the level of patience needed is much higher because the market is very volatile, a trader really needs to develop patience in order to make the strategy that will be used effective and also avoid impulsive decisions so it's not that they don't have patience and not always impatient people don't have knowledge these are two different things but complement each other, someone can have much better knowledge but have difficulty controlling emotions and patience so that they will get losses. As I said before develop patience so that the trades you make are not always losing.

That volatility is not the sole reason why we need people to be patient, but it is probably the biggest reason. We have seen way too many people who ended up with something that didn't really go well for them, and for that reason we need to make sure that people who are impatient realize that they may make a loss, otherwise it is not going to make that much difference ta all. If you can do that, then you are going to end up with a great profit but that is going to be a troublesome situation for you.

Most of the time, people who sell because the price is going down, are the people who make a loss, they do not realize that you should be buying when it is going down instead. To be fair, trading is not easy and I understand when others make a mistake, I have made many and still making mistakes too.

[shield132]

When you are buying bitcoin you buy at a low, so to touch that price you need patience. But for altcoins, this is a useless effort to make. Because bitcoin will rise for sure but no such assurance can be given to altcoin even if you are buying at multiple levels downwards if it falls.

Yes, for altcoins this is useless, I have a good experience of that. I was playing with altcoins like Skale and Matic. At some point, I decided to heavily invest into Skale because lots of people were saying that it has more potential than Matic, which was very popular for that moment. I invested in Skale when the price was low but it started going down deep and I was sad, I waited after 1.5 years, I sold the coin at slightly higher price than what I paid. I'm glad I did that because the coin didn't reach that price again and since then, it has been going down. I have had exactly the same experience with two altcoins, so I agree with you, patience is stupid with altcoins, especially those similar to Internet Computer (ICP).

[batang_bitcoin]

That's how they work successfully in trading in the crypto market, patience is one of the main points, rash, ambitions, greedy and so on is all parts to the crippos in crypto trade.

It is one of the major factor why traders and holders become successful in this thing. Without patience, things are going to crumple and a trader will just typically lose everything he had because that's an important matter that a trader needs to have. The greediness that every trader gets and together with the holders too, this is going to pull them down and so if someone is greedy, it also means that they're no longer patient and all they want to take is the profits asap but with patience, they'll get there as well but in a timely manner.