Patience is the main key of success on trading platform.

lovesybitz

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Quote from: ecnalubma on April 24, 2019, 11:28:49 AM

Your emotion is your real enemy when it comes to trading and just a matter of decision. I have a lot of patience just like other investors but due to urgency of needing the funds sold most of my holdings at cheaper prices. Sometimes we can't control the situations and forced to do tougher decisions in order to survive.

Being patience here in crypto world was already proven and tested to all who became successful in this business of trading.
But sadly, majority of the community here they begun with patience but in the end they've became impatience so the result
was they've loss their coins. But of course, while waiting you must know how to use the right timing to sell and buy.

samcrypto

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Quote from: bitcoinst on May 31, 2019, 07:39:23 AM

However, sometimes the logic can work in the opposite direction, if after the sale for 450 satoshi the price went down, you would not now regret your decision. In any case, this is a valuable lesson.

Patience to hit your target price should be your focus, and don't wait for the ATH of every coin, just try to sold if its your target so you will not regret if you miss it. I experience this one when my trading activities is not active, I miss to sell and I regret that moment because I should earn profit but because of too focus on the ATH, I was not able to take profit but its more on losses.

etherixdevs

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Quote from: bitcoinst on May 31, 2019, 07:39:23 AM

However, sometimes the logic can work in the opposite direction, if after the sale for 450 satoshi the price went down, you would not now regret your decision. In any case, this is a valuable lesson.

Patience help, but is not everything in trading. Autotrade robot developers sells auto trading due to the fact that limiting human feelings we commit less mistakes. This is true. But on the other side a robot hardly can manage economic news or information that can impact on prices.

I would say that not to be greedy is the main goal of any good trader. The more you want too quick and the more you can loose.

bitcoinst

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However, sometimes the logic can work in the opposite direction, if after the sale for 450 satoshi the price went down, you would not now regret your decision. In any case, this is a valuable lesson.

Free1bitco.in

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Quote from: Seeker#9 on May 31, 2019, 12:44:14 AM

Being one of the main ingredients of traders success, patience is proven effective not only in cryptocurrency trading but also in forex and stock tradings. Patience, with trading plan and good strategy can give you success in any trading. Patience can't be gained overnight so you should have train yourself first on how to become patient during trading.

many people lose because they can't wait to hold the coins they have. most of them sell because of necessity, or because they cannot stand the price reached. however, this point is very important. It's like seeing the price of bitcoin at $ 4000, but now it's $ 8,000. this is a good thing for those who hold back.

Faruque312

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Yeah this is reality when you Think price is going well enough now time to sold it, otherwise price will fall. After sold you saw price going higer and higer. Its really sad. Still i am facing this problem.

Seeker#9

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Being one of the main ingredients of traders success, patience is proven effective not only in cryptocurrency trading but also in forex and stock tradings. Patience, with trading plan and good strategy can give you success in any trading. Patience can't be gained overnight so you should have train yourself first on how to become patient during trading.

Lanatsa

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Quote from: logicgate on May 30, 2019, 03:07:50 PM

Quote from: BuxCoin on May 27, 2019, 05:21:56 AM

patience is necessary having all knowledge and not having patience also not good ,not having knowledge and having patience is also not good , many of the traders who lose are impatient and settle for less profits and more losses, i have seen many will be having patience while losing and they lose patience when they are gaining

No doubt patience is the fundamental right hand in deciding, I have seen this theory so often, I can say that persistence is the best thing we can use to make benefit, one of my companions lost the opportunity to make benefit just for settling on quick decision, so once you purchase at low price it is essential to wait and give the value a chance to be higher.

But too much patience do really have that corresponding disadvantages like securing profits when the coins already reach up its peak.
Not all coins are similar to bitcoin or other top alts that do reaches or do have that potential on reaching out new roofs on their prices.Some
do just pump out a couple of times before they die.If you do just wait up for those chances then you would eventually mess it up.

logicgate

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Quote from: BuxCoin on May 27, 2019, 05:21:56 AM

patience is necessary having all knowledge and not having patience also not good ,not having knowledge and having patience is also not good , many of the traders who lose are impatient and settle for less profits and more losses, i have seen many will be having patience while losing and they lose patience when they are gaining

No doubt patience is the fundamental right hand in deciding, I have seen this theory so often, I can say that persistence is the best thing we can use to make benefit, one of my companions lost the opportunity to make benefit just for settling on quick decision, so once you purchase at low price it is essential to wait and give the value a chance to be higher.

BuxCoin

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patience is necessary having all knowledge and not having patience also not good ,not having knowledge and having patience is also not good , many of the traders who lose are impatient and settle for less profits and more losses, i have seen many will be having patience while losing and they lose patience when they are gaining

mung_nasib

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when someone starts trying to do ivestas indeed patience is the best method to try to get maximum income in the future but with a variety of storms the problems that often afflict the crypto world and cause prices to fall make the majority of traders anxious and immediately sell assets when prices fall and patience is not anymore used by traders.

Questat

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Quote from: bandungan on May 25, 2019, 02:54:44 AM

combining patience and time is one good moment to be used as a key way to success.

I think you mean timing, not time.
Yes it's a good strategy to use in trading, as long as you do it at the right timing and your patience is not cause by your greediness.

bandungan

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Quote from: Noilee on May 23, 2019, 05:18:50 AM

Quote from: HODL2090 on March 24, 2019, 02:06:09 PM

Timing is the main key of success. If it was about patience alone, then you would likely hold out the peak and become a bagholder if it drops waiting to sell at any price. Understand the market and act when the time is right. Have a strategy. Do not bear the regret of selling to early or too late.

I think timing is not a basis, you can say it you will be success. If you want success you both combine patience and timing. Dont based only timing, because its better that has a patience. The main key of success you should have a qualities of have a good knowledge, that you will have when it comes to trading.

combining patience and time is one good moment to be used as a key way to success. so I think this is something that might be done to control emotions when trading.

neonshium

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Quote from: Noilee on May 23, 2019, 05:18:50 AM

Quote from: HODL2090 on March 24, 2019, 02:06:09 PM

Timing is the main key of success. If it was about patience alone, then you would likely hold out the peak and become a bagholder if it drops waiting to sell at any price. Understand the market and act when the time is right. Have a strategy. Do not bear the regret of selling to early or too late.

I think timing is not a basis, you can say it you will be success. If you want success you both combine patience and timing. Dont based only timing, because its better that has a patience. The main key of success you should have a qualities of have a good knowledge, that you will have when it comes to trading.

Exactly, you should not rely only to treat it with patience because in such a way you may miss the real time to get benefits. You will say that I am treating with patience but the time will never come again and you may not realize it. Be on time in the crypto trade that is possible only if you have the knowledge to study market price movement and other several factors which help us in making useful decision on time.

Noilee

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Quote from: HODL2090 on March 24, 2019, 02:06:09 PM

Timing is the main key of success. If it was about patience alone, then you would likely hold out the peak and become a bagholder if it drops waiting to sell at any price. Understand the market and act when the time is right. Have a strategy. Do not bear the regret of selling to early or too late.

I think timing is not a basis, you can say it you will be success. If you want success you both combine patience and timing. Dont based only timing, because its better that has a patience. The main key of success you should have a qualities of have a good knowledge, that you will have when it comes to trading.

Distinctin

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Quote from: legenduim on May 17, 2019, 11:18:24 PM

Quote from: Rana590 on May 15, 2019, 10:05:03 AM

Yes we should be patience on trading but we should remember about the future of the coin. We shouldn't wait for the low quality coin which has not good volume, value and not much potential. Here is a chance to lose capital.

These shitcoins should be sold or exchanges. I know, some guys buy them on purpose. They think that they will manage to make money on this pump/dump manipulations, but this is a great risk. It is better to work with reliable altcoins and be patient.

Big risk could result to big reward, this shitcoins were able to sell in the past, so buyers are thinking it's possible again if there is a bull run.
As there is a bullish that are showing in the market now, it's then a right timing to buy shitcoins and hope price will pump like crazy again.
Believe me, there are still a lot of dumb investors in the market, and they are the prospect buyers of shit coins.

legenduim

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Quote from: Rana590 on May 15, 2019, 10:05:03 AM

Yes we should be patience on trading but we should remember about the future of the coin. We shouldn't wait for the low quality coin which has not good volume, value and not much potential. Here is a chance to lose capital.

These shitcoins should be sold or exchanges. I know, some guys buy them on purpose. They think that they will manage to make money on this pump/dump manipulations, but this is a great risk. It is better to work with reliable altcoins and be patient.

miningguru

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In trading, we need to have a lot of patience because from 2018 to till date the price of Bitcoin and all altcoin are keep on falling and many people lost their patience in the market which makes them hold the coin till now who waited patiently till now. If you are part of trading then we need to have patience in order to make most until the price starts increasing.

ringgo96

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Quote from: Whaleagent on May 15, 2019, 08:54:35 PM

Patience can break you, or can make you. I know traders that had patient and loss more, and I know traders who had patient and sold their bags at breakeven / profits. Before going into a trade the most important thing is a plan. Once you setup your targets & SL on the spot you will not be surprised from unusual loses + you will always be in control of your trading activity.

if we have a plan but we cannot control patience in my opinion it is the same. the plan is the human mind that has been designed for something surprising and while the patience of trading is human nature that aims to wait for the price they want.

Adhichan

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Quote from: Rana590 on May 15, 2019, 10:05:03 AM

Yes we should be patience on trading but we should remember about the future of the coin. We shouldn't wait for the low quality coin which has not good volume, value and not much potential. Here is a chance to lose capital.

if we face this situation better to leave and sell this coins.holding die coins only make us suffering bigger loss while other coins rise.and for example bitcoin price at this moment.token holder prefer sell their asset in order to swicth in bitcoin.

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