The importance of patience in trading

[Ayebabara]

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.

[Distinctin]

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.

[BitMaxz]

I have traded before, and without patience, I always end up in a bad position and hit my stop loss.
I learned from my mistakes and I let the market come to my position and I only put my entry on high probably setup. That is why, as others have stated, only enter into high quality trades with low risk and high reward. Patience is essential here; if you are impatient, you will only get low quality trades with high chances to hit SL.

[sheenshane]

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

I don't believe that patience alone is sufficient in trading, rather, it's important to trade with precise timing and employ the stop-loss method.  I only apply patience when holding assets, waiting patiently for my profit to materialize.
Yes, we understand that trading is highly crucial and it's not just about exercising patience, but it also involves our fundamental and technical skills.

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 your small capital to a big one, by gradually making profits  to a huge sum.

There's no assurance about this.
I prefer to use patience in holding, not in trading.

[MusaMohamed]

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.

It is one of many mistakes that cost people a lot of money in trading.

Patience can be hepful and harmful for your trading positions, that depends on whether you pick a good asset and open a good trading position as well as which trading type you use (Spot, Margin, Futures).

If you pick a bad cryptocurrency and to make it worse, you use Margin or Futures trading type, in such situation, if you are more patient, it's likely you will get bigger loss and perhaps liquidation.

You only can rely on your patience in cases of trading with Spot and picking a good cryptocurrency like Bitcoin. If you can be patiently waiting for market recovery or growth, you will have profit.

[TheUltraElite]

Keeping it limited to Bitcoin and only Spot trading, patience is important.

This is when following the buy low sell high method, you wait for the bear market to hit and then buy at dropping levels. Then you wait for the market to go bull again which takes an average of 6m to 1year and then you sell those BTC to get back your USD(T). Then the cycle repeats and the test of patience is once again performed.

With altcoins the coins might never see the light of the day after a bear run. With non-Spot trading everything becomes a gambling game. So they are not recommended.

[Barikui1]

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

As long as trading is concerned, patience is one Vital thing that must be carried out if you want to be successful in it, but take note that it's not the only skill required to be successful in trading, because if you can't get your analysis right, your patience is useless, and it will bear no fruit because you will keep on losing trades.

[b[ A good capital is also needed to trade the market to be successful, [/b]but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.

Don't you think that it's unwise to trade with huge amount of money when you are still not perfect  or profitable in the craft?
In my own opinion what wise and informed traders do, is trading with an amount they can afford to lose, so that their emotions can be in check when trading, because no matter how good you are in technical and fundamental analysis, or how patient you are, if you can't control your emotions when trading you are bound to lose money constantly because you will be making stupid decisions that you wouldn't have made if your emotions is in the right state, but if you can afford to lose that good capital as you said, it ok, because the most important thing in trading is keeping your emotions in check and not be making emotional decisions, because that's the fastest way to lose money in trading.

[traderethereum]

Analysis the market is a must for all traders who want to trade. If they don't analyze, they will not get the right coin to trade and even they will lose their money. It is why analyze the market is the important thing for traders before they start trading. That will determine them knowing how good the market situation so they can trade.

Besides analysis skill, you need patience because you can not rushing in trading. You need to stay calm and patient when you analyze the market so you will find the right time to trade. Lets other traders enter the market without doing the same thing like you because you are different than them.

[Marvell1]

Patience is a virtue that we need to have when doing any job or participating in any field, not just trading and investing. Even if we have full knowledge and skills, if we are hasty and impatient, it will also lead to failure.

Also, it is important to distinguish between patience and stubbornness as they are easily confused. If a strategy or method is no longer effective and produces good results but we still maintain it blindly, it is no longer patience but stubbornness.


Whether it is trading or business, success is the result of a perfect and balanced combination of knowledge, experience and emotions. We need to balance them, don't just focus on one single factor.

[mindrust]

The markets always move in cycles. A wise investor knows that very well. If the asset went too high recently, there is no point in chasing it anymore as there are always other opportunities to look for. Being able to identify these opportunities is the real skill a trader must have.

Few days ago the world was going to end, it was the last days of the US as it was going bankrupt, Orange man ruined everything etc

Yesterday the markets closed in the green, gold is making a nosedive, bitcoin is almost at $100k again.

What has changed?

Imo, nothing. Once again chicken littles got roasted.

[Lida93]

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.

Literally, I do think that patience is as a key factor to successful trading is also a skill in itself that needs to be mastered like every other trading skills required for positive trades or staying profitable in our everyday trading adventure. A trader may have the requisites to all the trading knowledge he may need to be aware of the market wel enough not be  a newbie anymore but with the lack of patience to wait for just the right timing to enter a trade or to exit a position every other knowledge and skills may not be useful enough to him.

[gunhell16]

There are several good characteristics that every trader who enters crypto trading should have, and probably some of us already know this, and most of us don't really. The only basic things they should do are not being done so what can we expect from them to get results when they immediately jump into actual trading, of course the chances are they will really lose in the end of their trading activity investment.

So this patience is just one of the characters that all traders should have, it is not the main requirements but it is one of the ones that can contribute
to them becoming successful traders in the end.

[Alphakilo]

In trading psychology you would learn the value and importance of having this quality as a trader. Read any of the trading psychology books out there and most of them have a dedicated chapter solely to patience.
Even as a day trader patience has to be balanced with speed. The both are important in the profitability mix. If you have more of one and less of the other you are likely not to be profitable as a trader.

[slaman29]

Only if you consider BTC as the diversification can this idea work. But if you consider BTC, then leverage trading, ETFs, memecoins, alts, then that's just dumb risk increasing behavior.

You can't get 100% or even 50% of predictions right, which is why DCA is the best tool for all us noobs. This ensures you always spread your cost, and always win longterm.

[hyudien]

So this patience is just one of the characters that all traders should have, it is not the main requirements but it is one of the ones that can contribute
to them becoming successful traders in the end.

It is true that patience is one of the many characters that support the success of a trader and if combined with knowledge, analytical skills and knowing which coins have the potential to provide profits, then the possibility of achieving long term success can be obtained but what is certain is that patience does not come suddenly, having patience takes time because this is an ongoing process.

[Oluwa-btc]

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.

In conclusion, every patient trader makes the biggest difference.Many traders would attribute much of their successess to been successfully patient likewise the effects of strategy.They value their discipline in patience than having effective strategies.Succesful trading is about consistent performances reaching the said target.

[Ricardo11]

Patience is very important in trading, many traders are not patient, because they become restless in the hope of immediate profit, that's why they lose patience, and then tey make wrong decisions and ultimately face big losses.
Trading is not something to be rushed, you always have to work wisely and do deep research, and to do these correctly, you must have patience and a calm attitude.
No one can become successful overnight from trading, first a trader has to learn trading completely, and it takes a long time to learn trading completely. During this time, those who can work patiently without being restless, are the only ones who will be successful.

[Negotiation]

Patience is an essential quality that every trader should have but along with that one must have knowledge about trading and understand the market movements. Those who start trading without understanding the market movements well often make wrong decisions based on emotions and face losses as a result. Patience in trading creates an opportunity to maintain mental stability to make informed decisions in the long run and learn from mistakes. Patient traders use every market fluctuation as a learning material and over time their experience is transformed into a specific strategy. Also this mentality of trading slowly and wisely helps a trader to survive for a long time and become profitable.

[Zaguru12]

Literally, I do think that patience is as a key factor to successful trading is also a skill in itself that needs to be mastered like every other trading skills required for positive trades or staying profitable in our everyday trading adventure. A trader may have the requisites to all the trading knowledge he may need to be aware of the market wel enough not be  a newbie anymore but with the lack of patience to wait for just the right timing to enter a trade or to exit a position every other knowledge and skills may not be useful enough to him.

Yes it is, trading is actually a fundamental concept or factor which is embedded in risk management. We all know that risk management is one of the key elements in trading combine with the technical and fundamental knowledge of the market. Risk management is literally what separates a successful trader from a good trader that’s unsuccessful and loses. Then one key aspect of risk management aside raising of capital is the patience we are discussing. Patience is required when learning the trade, patience is required to stick to your strategy even in the time or period of loss. So the Role of patience is what differentiates most traders as some cannot be able to trust their decisions when certain conditions arises

[Mrbluntzy]

From countless trading videos I usually swipe past on social media, one caught my attention one day, the lady that was as talking in that video was saying that some traders are not yet profitable because of impatient. The way she explained it made so much sense for a trader but I know that trading is not as easy as people easily explains it. In holding bitcoin, patience is a very vital character that the holder must possess because without it, they can not be able to wait till the profit season. Being patient in holding is so important and uneasy for some persons so I can imagine how important it can be too for active traders.