Patience is the main key of success on trading platform. - page 11.

Bitcoin_Arena

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Quote from: Distinctin on March 24, 2019, 06:13:48 PM

Quote from: Bitcoin_Arena on March 24, 2019, 05:28:14 PM

True but sometimes it depends on your goal too.
You must know when to exit. You must know how much profit you want to make before exiting.

What do you mean by exiting? I've never think why we should have a plan to exit especially when everything were fine and we are profiting. Quitting is just only be happen if we are not comfortable with crypto, but as long as it works well then there is no reason to think of leaving.
Patience will help us to succeed but it came into the point that it will have its limitation especially when we know that certain coins ins't moving at all and not worthy to hold any longer.

You got me wrong, by existing, i did not mean that he must completely leave crypto. In simple terms I meant he must know when to sell off for profits.
Of Course, we all trade for profits.
If you are a short term trader, i would think it's unwise to be so greedy.

Ultimist

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I also learned from my own experience that patience is the key to success. The most important thing is to have a strategy and not to recede from it. It is necessary to think over each outcome of events and to have patience not to recede from the plan.

omonuyak

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Wealth move from impatience to patience traders in a long run. I think if we can develop patience mind and keep holding the market will be as bad as it is now. The whales takes the advantage of our impatient to influence the market and make huge profits.

hipSter

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Yes, I definitely agree about patience. There is no easy ways to become wealthy. Everyone should decide for themselves what they want to do: to gamble or to earn money. Little steps make your future.

GrosWesh

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Patience is one thing ! To have a plan is another imo. You can wait loooong time if you don't even know what you're waiting for Cheesy

I'm not an 'excellent' trader but when i make my mind and keep sticking the plan things go well. When i start to let my emotions drive me, things go wrong... it's as simple as that to me Grin

BitcoinTurk

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Quote from: The Cryptovator on March 24, 2019, 03:14:33 AM

I believe everyone know about this sentence, "patience is the main key of success of trading platform". But I am realising that in practical. I have patience but not enough I think. Because you can see the trend of RVN, I was hold it and just sold almost in 20% profit. But I didn't wait even volume was increasing, I just missed my own logic. I had enough patience really. But who know RVN will touch 1400+ satoshi but I sold it 450 satoshi only. That's why I am realising patience is the main key if success on trading platform.

Patience is an important factor not only in this area but in every aspect of our lives in general. While making decisions about our lives, having some moments and determining our financial future, it is important to be patient. But the fact is that patience is not an important factor in the financial market. It is also important to proceed with the right strategy, not to make mistakes and to control yourself in case of panic. The actions should not be rushed, but the targeted levels should be waited with patience, but this should be followed with the right strategy. If you had done your sales process not one at a time, you would have won more and won't be so sad. However, I think it is beneficial to look at the event positively because it is not possible to earn money in this market in the last one year. Sales with a low profit margin are more beautiful than selling to loss.

carter34

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Quote from: coinplus on March 24, 2019, 03:52:37 PM

Look at my cases :
1. I bought waves around 35k to 40k satoshi and it went up to 110k satoshi but I did not sell and waited for bigger targets but right now it is trading around 68k satoshi.

2. I got docademic from bounties and it went up to 6k satoshi (on listing it was trading around 200 satoshi). I booked 25% at 250 satoshi and another 25% around 5k satoshi and still holding the remaining 50% but it is trading right now around 300 satoshi.

Being patience alone cannot be key for success in trading all the times. Still, cryptos are at its early days hence it will keep growing bigger in coming years and if you want massive returns for your investments then you must need to be more patience to harvest bigger.

Yes patience is not all to successful trading because at some point, you have to sell. Like in your own case too, knowledge of when to sell would have seen you in profit and happy with yourself. So knowledge and timing too is key to success.

SvonioneFromMangoCoinz

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https://streamies.io/

Quote from: The Cryptovator on March 24, 2019, 03:14:33 AM

I believe everyone know about this sentence, "patience is the main key of success of trading platform". But I am realising that in practical. I have patience but not enough I think. Because you can see the trend of RVN, I was hold it and just sold almost in 20% profit. But I didn't wait even volume was increasing, I just missed my own logic. I had enough patience really. But who know RVN will touch 1400+ satoshi but I sold it 450 satoshi only. That's why I am realising patience is the main key if success on trading platform.

I congratulate you for your successful investment. RVN is really potential and it is developing. Their team is making great efforts in development.
besides, perseverance is essential and assertiveness is very important. These are virtues I need to learn from you. Thanks for sharing.

Indrawan77

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Patience is very important element, but there are other element that we need to consider like the potential of rising for long term and how bad is the market situation, I think we need to be flexible about investing in crypto, when something looks not too good sometimes its better to cutloss rather than wait

Noa_Amable

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Quote from: The Cryptovator on March 24, 2019, 03:14:33 AM

I believe everyone know about this sentence, "patience is the main key of success of trading platform". But I am realising that in practical. I have patience but not enough I think. Because you can see the trend of RVN, I was hold it and just sold almost in 20% profit. But I didn't wait even volume was increasing, I just missed my own logic. I had enough patience really. But who know RVN will touch 1400+ satoshi but I sold it 450 satoshi only. That's why I am realising patience is the main key if success on trading platform.

patience and not being too greedy I guess.

Ararbermas

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Definitely because being have more patience is good strategy actually .and it can help us to minimize everything especially here in trading which is very difficult and there's always a challenge that sometimes will test our emotions in order to produce a panic sell. So it's very difficult if you dont have patience because that's the only key to survive and very very important as always just to control and to assure everything will be fine and there's no problem afterwards .

Oasisman

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Quote from: ChrisPop on March 24, 2019, 08:11:55 AM

Patience is not the main key of trading success. Is it an important characteristic of a trader? Definitely! But the three main components of a successful trader are technical analysis, risk management and controlling your emotions. You do need to be patient while waiting for the price to hit your "entry" area and your exit area as you planned it.

Exactly!
Patience alone could not guarantee a successful trade. Of course it should be accompanied with knowledge, technique, and experience, thereafter you can apply patience. Sometime patience won't work out, its like youre waiting for nothing.

rodel caling

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According from the people experience how to get huge earnings by using patience and yes it's proven to my self and I experience last bull run.

sheenshane

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Well in this scenario, it wasn't the patient that you need to focus on. Because sometimes, a lot of patience will give you the feelings of procrastinating and disappointment. Some people see patience as the best thing to do and some don't. Some people will take the risk and then learn from it. Sometimes, you don't have to wait the moment to happen, you have to do make it happen now. In trading, it has the same thing. Patience and risk will give you win. But if it's your time then it's your time!

Oceat

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Everything in life requires patience because if you don't have it you will rush the things that are not meant for you. It means if you rush things just because you have to get that you may end up losing it and worse your losses may double. And those who have a lot of patience for waiting for the exact right moment, it does give a greater prize at the end.

jhenfelipe

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I think trading it's more of being patient and risk taker. You sold at a price where you are in profit, then I can say you are patient enough. If you extended your patience longer then you are risking more.

No one knows what will happens next in the price, it might dump or pump suddenly. The price pumps, you sold and now you are somehow regreting, but if it dumps and you didn't sell, you might think that you are being greedy. Just be satisfied, you're not at loss

Distinctin

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Quote from: Bitcoin_Arena on March 24, 2019, 05:28:14 PM

True but sometimes it depends on your goal too.
You must know when to exit. You must know how much profit you want to make before exiting.

What do you mean by exiting? I've never think why we should have a plan to exit especially when everything were fine and we are profiting. Quitting is just only be happen if we are not comfortable with crypto, but as long as it works well then there is no reason to think of leaving.
Patience will help us to succeed but it came into the point that it will have its limitation especially when we know that certain coins ins't moving at all and not worthy to hold any longer.

Bitcoin_Arena

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Activity: 2114

Merit: 1813

฿itcoin for all, All for ฿itcoin.

True but sometimes it depends on your goal too.
You must know when to exit. You must know how much profit you want to make before exiting.
Sometimes you may become over patient and in the end the price corrects and you see at a much lower price than even 400 sats
So
- Timing
- Profit goal
- Patience
All work together.

coinplus

legendary

Activity: 1386

Merit: 1058

Look at my cases :
1. I bought waves around 35k to 40k satoshi and it went up to 110k satoshi but I did not sell and waited for bigger targets but right now it is trading around 68k satoshi.

2. I got docademic from bounties and it went up to 6k satoshi (on listing it was trading around 200 satoshi). I booked 25% at 250 satoshi and another 25% around 5k satoshi and still holding the remaining 50% but it is trading right now around 300 satoshi.

Being patience alone cannot be key for success in trading all the times. Still, cryptos are at its early days hence it will keep growing bigger in coming years and if you want massive returns for your investments then you must need to be more patience to harvest bigger.

n0ne

hero member

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SecureShift.io | Crypto-Exchange

Quote from: HODL2090 on March 24, 2019, 03:06:09 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.

It is the one that provides with the increased earning access compared to other forms of cryptocurrency earnings. Being into cryptocurrency trading one should not get emotional outburst, need to have patience because market moves in an unpredictable way. Another thing important to be followed is limiting of patience. There are people who expect big level of profit and miss the chance of profiting. It is good to analyze the market and act accordingly.

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