The importance of patience in trading

[Fredomago]

Exactly, patience is indeed one of the important indicators of success, especially in trading, waiting for the right moment to entry. But no less important is knowledge or trading strategies, this can make us increase our chances of winning, such as when prices are falling, immediately have the desire to buy because they see a potential opportunity to profit, when we have the right strategy, we know where the price points are potentially a barrier to reversal, so we don't miss the moment to buy.

That is also applicable to this market becasue of its high volatility, you can only incur losses if you will sell below your buying price. But if you will wait for the time that the price will recover, you will surely gain profits. However, if you have budget restrictions, you should think twice when investing in this market as you may face some budget constraints and you need to cash out at a wrong time.

Yeah, and most of those traders who's willing to take the risk they have strategy and patterns to monitor the market, they are not just going to sell their assets while they are still at loss but instead they will wait for some time to recover and sell when the value reached their target amount, though there's no guarantee but with experienced they managed to keep that patience and not to fall with what the current market is showing, avoiding to lose instead of gaining profits.

[Cpt_reader]

There is a saying that patience bears fruit. Patience is the key to success in trading. Because if you invest $2000, even if it decreases by $100, you have no loss, the loss is only when you sell. So patience is the real thing here. I heard that someone waited for three years for a profit with a trade, and finally succeeded.

Exactly, patience is indeed one of the important indicators of success, especially in trading, waiting for the right moment to entry. But no less important is knowledge or trading strategies, this can make us increase our chances of winning, such as when prices are falling, immediately have the desire to buy because they see a potential opportunity to profit, when we have the right strategy, we know where the price points are potentially a barrier to reversal, so we don't miss the moment to buy.

Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.

[leonair]

No doubt that patience is a crucial factor when trading. However, let us not forget that knowledge, skills and strategies are still the best keys to be a successful trader. You don’t trade just because others are trading, but you decide to take the risk in trading because you are knowledgeable and skillful enough, and knows how to navigate your possible losses into positive trades. Being patient is just a secondary factor, let alone will never guarantee profits.

Patience is the key to all success. Patience is a very important thing in trading. A person who does not have patience will not be able to buy a coin at the right time, but will not be able to sell it at the right time. The reason for this is that after investing, when the price of that coin decreases slightly, he will panic and sell it quickly without being patient. That is why he will never be successful and will not be able to make good profits. Even though everyone believes this, most traders lack patience, which is why most traders fail rather than succeed in trading.

[doomloop]

Acquiring any knowledge always take time which means we can't just know something overnight, it have to take gradual process before we understand what we are learning. Especially, when we talk of trading it's very wide and there are so many things that follows it which are much more important than even did knowledge itself, firstly, resilience is also important when it comes to trading because it allow you not to give up easily, secondly, Patient is also the key to every success because when it lacking, it actual ruins everything. Patience helps a lot not even in trading but everything that we are all involved in, this will also help in having more time to study very well.

Any knowledge seems a lot but as he said, the time learning can as well depend on the individual, as some can process things easily, while some can have a hard time.

Trading is literally wide and the many things that you mean there that follows it are the things that are outside trading anymore like patience for example. Speaking of patience, I think this is only the same as resilience, so even if you don't have the other but as long as you have one of them, then you are still going to be fine. If we don't have those qualities yet, we can learn them through trading and as you said, we can apply them outside it, amazing isn't it?

[melinoe]

Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.

Perfect practice or not, it makes us closer to understanding more: just to a different degree. That is what matters most, as well as proper risk management.

[Mame89]

No doubt that patience is a crucial factor when trading. However, let us not forget that knowledge, skills and strategies are still the best keys to be a successful trader. You don’t trade just because others are trading, but you decide to take the risk in trading because you are knowledgeable and skillful enough, and knows how to navigate your possible losses into positive trades. Being patient is just a secondary factor, let alone will never guarantee profits.

Patience is the key to all success. Patience is a very important thing in trading. A person who does not have patience will not be able to buy a coin at the right time, but will not be able to sell it at the right time. The reason for this is that after investing, when the price of that coin decreases slightly, he will panic and sell it quickly without being patient. That is why he will never be successful and will not be able to make good profits. Even though everyone believes this, most traders lack patience, which is why most traders fail rather than succeed in trading.

It can be said that patience in trading is the most basic thing for us to master. Because patience includes emotional discipline, not being too quick to achieve satisfaction in trading and being able to balance trading for the long term and the short term. And can calmly accept information about market movements that can create pressure to act quickly, so that we can stick to the strategy we have planned.

Patience in trading is indeed considered one of the most difficult skills to apply in trading, but if we change our mindset from the start that trading is not a place to get rich quick then it will not be difficult. In carrying out trading activities, sometimes there are some things that do take time. No need to rush, because patience is the key.

[Lanatsa]

Just like they say, the patient dog eats the fattest bone, some will say the patient dog does not eat the fattest bone again oh! But, you cannot over emphasis the importance  of patience, in trading as most people loss to the market because for  lack of patience.

Why most people loss to the market is because they enter the market anyhow without carefully analyzing the market from the different time frame.

Also, waiting for your analysed market to come to play before entering the market is also very important, most persons in trading just enter the market because, they see a downward trend without carefully analyzing the real market structure and waiting patiently for it

Patience , does not only imply entering the market alone.  A good capital is also needed to trade the market to be successful, but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.

Hence, in the trading space patient cannot be over emphasis if we must be a good trader.

Patience would be test out on different situations.

1. Patience on waiting for the right set up whether on entry or exit
2. Patience been tested out whenever the market dumps and seeing your port going lower or deep reds
3. Patience control when emotional aspects being that affected

All of these things are the positive aspect but we do know that it does have that negative too.

1. Too much patience will lead into missed out opportunities

This is why its always been best that you should know on how to balance up things accordingly. Everything which is too much will be always bad and you should look out for that.
In overall, having that good control when it comes to your emotion or simply with patience does give out that positive impact rather than on negative but just like been said that everything's too much
will be bad and thats why you should be watchful with that in order to lessen up the risks of committing out mistakes or missed opportunities.

It will be just that too impossible that you cant be able to determine with those possible lapses specially if you have been able to experience it out earlier or in the past.

[TheUltraElite]

Yeah, and most of those traders who's willing to take the risk they have strategy and patterns to monitor the market, they are not just going to sell their assets while they are still at loss but instead they will wait for some time to recover and sell when the value reached their target amount, though there's no guarantee but with experienced they managed to keep that patience and not to fall with what the current market is showing, avoiding to lose instead of gaining profits.

It is a game of patience and timing. When buying the asset you have to time yourself to buy at the proper price and then become patient enough to sell at the proper price.

The people who are greedy or in a rush will both lose money here because they cannot have that patience or they are making risky positions.

The exchanges love these people because they get their fee on the trades and the market will make a fish fry out of them.

[Leahized]

Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.

Perfect practice or not, it makes us closer to understanding more: just to a different degree. That is what matters most, as well as proper risk management.

Trading, such as: patience requires a lot and the practice is also very much needed. Because without patience and practice, no trader will be successful. And every trader wants his trade to succeed and make a profit. If you are a new trader. Then do not take any risk at the beginning because it is often wrong if you take it. So that you can lose almost all the money. I think that when a trader is emotionally trade, it is not always effective. This has happened many times in my case, so I have to refrain from taking the trade. This will reduce a lot of risk.

[nara1892]

It is clear that patience is an important factor in the world of trading, none other than because trading is a risky activity that is executed through decision-making that is full of consideration and also because the market has a fluctuating nature which is not the right moment to open a trade or it can also be said that patience has a role to wait for the right moment to open a trade and besides that patience also plays an important role in holding back when a trader is experiencing a number of losses that make them feel emotional. So it can be said that patience is a factor that is just as important as knowledge, risk management, strategy and others.

[Floxynice]

A lot has been said about patience, which I quite agree with. However, we still need to be able to differentiate between when a trader is just wasting his time and when patience is indeed what he needs. I am not fully grounded in trading, but I still understand that there are some self-acclaimed traders who don't know what they are doing. They are obviously losing money but still giving themselves hope that all they need is patience. With these kinds of traders, I see no difference between them and gamblers.

[adultcrypto]

Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.

The first thing is to find is a strategy that you know have the potential of giving you what you want, a strategy tested and verified by someone you trust to be giving his honest opinion. After this, you then need patience to learn and practice such strategy and then implement on demo account before real account. Patience in trading is something needed as long as we remain traders and never a one time something. Surely the patient are always rewarded, that is one beautiful thing about patience.

[ndutndut]

Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.

The first thing is to find is a strategy that you know have the potential of giving you what you want, a strategy tested and verified by someone you trust to be giving his honest opinion. After this, you then need patience to learn and practice such strategy and then implement on demo account before real account. Patience in trading is something needed as long as we remain traders and never a one time something. Surely the patient are always rewarded, that is one beautiful thing about patience.

Trading without patience will fail, that's for sure. It can be said that patience in trading is one of the important factors to achieve success. Even in any trading, patience is not just a word, but also an effective strategy to gain profit and minimize losses in trading.

With patience we can also make decisions or can make predictions not only for the long term but also for the long term. With patience we can find the right moment to enter trading because it is controlled by emotions or even because of fear of missing out. So patience is indeed an important factor while analyzing the market in order to choose the right moment to make decisions.

[Kagaru]

Just like they say, the patient dog eats the fattest bone, some will say the patient dog does not eat the fattest bone again oh! But, you cannot over emphasis the importance  of patience, in trading as most people loss to the market because for  lack of patience.

Why most people loss to the market is because they enter the market anyhow without carefully analyzing the market from the different time frame.

Also, waiting for your analysed market to come to play before entering the market is also very important, most persons in trading just enter the market because, they see a downward trend without carefully analyzing the real market structure and waiting patiently for it

Patience , does not only imply entering the market alone.  A good capital is also needed to trade the market to be successful, but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.

Hence, in the trading space patient cannot be over emphasis if we must be a good trader.

There are too many in the rush who get into the market too fast and follow each step without actually knowing what is happening. It is sort of like grabbing a falling blade that never turns out good. The difference in results can be immense when taking time to study various lengths of time and wait until the opportune time to make entry.
Patience also does not only refer to when to make trades. It is also about being able to follow through on your plan and not doubling up your capital overnight but to be patient and allow it to grow. It takes time to make a small investment grow into something larger, being impatient usually results in rash moves that cause losses.


The traders who survive are to me the ones who can think of trading as a marathon and not a sprint. It is about constant improvement, risk handling and above all the willingness to wait so that the opportune moment comes.

[Onyeeze]

In trading you have to be patient because without patient a trader might lose everything they have, because I know very well that in trading you have to be careful, observant and also use wisdom on it or else you will lose unexpectedly, at look of things, I believe that trading have to do with thing's you know and things you many come across and how to manage them, in trading attention is required most at times and without attention you lose, you have apply wisdom and careful if you want to be successful in trading. Most important thing in trading is to know when to enter the market and when to go out the market, and also know how to manage a risk as I said before now

[2Pizza410000BTC]

Just like they say, the patient dog eats the fattest bone, some will say the patient dog does not eat the fattest bone again oh! But, you cannot over emphasis the importance  of patience, in trading as most people loss to the market because for  lack of patience.

Why most people loss to the market is because they enter the market anyhow without carefully analyzing the market from the different time frame.

Also, waiting for your analysed market to come to play before entering the market is also very important, most persons in trading just enter the market because, they see a downward trend without carefully analyzing the real market structure and waiting patiently for it

Patience , does not only imply entering the market alone.  A good capital is also needed to trade the market to be successful, but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.

Hence, in the trading space patient cannot be over emphasis if we must be a good trader.

The importance of patience in trading platforms is immense. If a person does not have patience, then that person will not be able to succeed not only in trading but in any field. Patience is one of the few strategies in trading platforms. One who does not have patience will never be able to make a profit in trading platforms. There are many people who jump into trading without analyzing the market and trade with some altcoins where success is not achieved even after being patient for a long time and there are some altcoins where profit cannot be achieved even after being patient for a lifetime, but being patient in this case is also very foolish. So, even if you trade with good coins, you will lose your money there, but if you are patient, you can be patient in those places and make a profit. Moreover, there is no point in being patient where there is no profit even after being patient for a lifetime.

Then I proved this myself because I was trading with some altcoins where there were some altcoins that could not be recovered even after waiting for a lifetime.  I decided that it wouldn't be profitable to be patient and that it would be better to sell all those coins cheaply and get some dollars in hand.

[Odusko]

Just like patient is very essential key in gambling same goes with cryptocurrency trading, no trader can make any profits without having to apply some level of patience when the market is going against them, making the necessary back up plans before diving into opening the trade has a lot to do with what become the outcome of the trading result, those with no patients always end in loses with less profits possibility because of the inpatient and taking wrong actions in most cases.

[Fredomago]

Yeah, and most of those traders who's willing to take the risk they have strategy and patterns to monitor the market, they are not just going to sell their assets while they are still at loss but instead they will wait for some time to recover and sell when the value reached their target amount, though there's no guarantee but with experienced they managed to keep that patience and not to fall with what the current market is showing, avoiding to lose instead of gaining profits.

It is a game of patience and timing. When buying the asset you have to time yourself to buy at the proper price and then become patient enough to sell at the proper price.

The people who are greedy or in a rush will both lose money here because they cannot have that patience or they are making risky positions.

The exchanges love these people because they get their fee on the trades and the market will make a fish fry out of them.

Unless you are into short term trade and you are willing to let the amount that you might lose when executing your trade, there are instances that you are trying to ride with the train but instead of making profits, you need to cut your loses to prevent losing everything, and just like what you have said, it's more on your attitude taking actions, patience is a virtue and without lots of it inside trading, you might experience lots of losing position and might suffer huge losses both time and your money.

[Hyphen(-)]

Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.

Perfect practice or not, it makes us closer to understanding more: just to a different degree. That is what matters most, as well as proper risk management.

Risk management is very important among all factors in trading.

Sometimes, patience and greed are related because you can have the chance and opportunity to take the little profit you have, but you might decide to be patient and wait for some times, and this can lead to loss if proper risk management is not used.

Trading in general is very risky that’s why adequate knowledge is required to start trading. However, for newbies, they can start by investing in Bitcoin precisely so that they can hold Bitcoin while learning trading so that they can start fully after learning in order to avoid losses.

[GIF-JOBS]

Of course, patience and strategy are very important in trading. We have heard before that practice makes a man successful. But a few days ago, in a lecture by American writer Shivkhera, I heard that only perfect practice makes a man successful. Actually, we need to know the rules of trading correctly. Only then will we succeed.

Perfect practice or not, it makes us closer to understanding more: just to a different degree. That is what matters most, as well as proper risk management.

Risk management is very important among all factors in trading.

Sometimes, patience and greed are related because you can have the chance and opportunity to take the little profit you have, but you might decide to be patient and wait for some times, and this can lead to loss if proper risk management is not used.

Trading in general is very risky that’s why adequate knowledge is required to start trading. However, for newbies, they can start by investing in Bitcoin precisely so that they can hold Bitcoin while learning trading so that they can start fully after learning in order to avoid losses.

I agree with you, a new trader needs to learn trading first, but it takes a lot of time to learn trading, because trading is never what we expect, it is much more difficult than we expect. So instead of trading with money at first, hold Bitcoin, and keep learning trading, learn trading for a long time, and holding Bitcoin during this learning period can definitely be the right decision. Then when he becomes a skilled trader, he can fully enter into trading.