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.
Having to have a smart strategy before trading will help traders control their loss in the best way and if they can control it, making a profit will be easy. I used to be a trader and know this rule very well but sometimes I make a lot of mistakes in my plan so when you plan, you should follow that plan safely. Of course there will still be risks but if you have a lot of experience then you will have many better strategies than newbie 
Topic: Patience is the main key of success on trading platform. - page 2. (Read 1678 times)
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.
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.
It`s the most important part, selecting a coin that have a future. Patience doesn`t worth much with wrong coin, investing in wrong coin and waiting can push your push your bankroll down a lot. What`s important for trading is a set of skills to be successful in long run, patience, good analytic capabilities, you need to have a good timing for trading, to know when to be in front of computer ready to act, and times when you will just chill.
I think with practice and love for something anyone can make some progress.
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.
It is very clear that without having a good level of patience, someone will not be able to trade well. Even a person who is professional, when he is unable to be patient, is likely to suffer losses and even lose such a large asset. A trader needs a calm in making decisions, when they experience panic and cannot control patience then it will only make a nightmare.
Patience is an important point for a trader to achieve success.
Indeed, patience is important in trade or investment, but patience is not the only thing you should to have, in trade you need a lot of Patience is an important point for a trader to achieve success.
skills mate. not just being patient, you have to be good at reading markets, good looking for opportunities, and courage
It is very clear that without having a good level of patience, someone will not be able to trade well. Even a person who is professional, when he is unable to be patient, is likely to suffer losses and even lose such a large asset. A trader needs a calm in making decisions, when they experience panic and cannot control patience then it will only make a nightmare.
Patience is an important point for a trader to achieve success.
Indeed, patience is important in trade or investment, but patience is not the only thing you should to have, in trade you need a lot of Patience is an important point for a trader to achieve success.
skills mate. not just being patient, you have to be good at reading markets, good looking for opportunities, and courage
It seems to me that all those who remained in the cryptocurrency market and did not sell all their assets are very patient people. After all, the fall has been going on for more than a year. I am glad that usually patient people receive a reward.
In 2017 most of the people who hold or invested on bitcoin, they got reward and the newbie is still on waiting line, they are very patienter people. But the time will come very soon when the new traders will get reward from bitcoin. I am 100% agree on it patience is the main key of trading if we wanna get success.
If you expect your poor coin to increase in price, it is a huge mistake because if the project is no longer working, it is best to sell everything you have to be able to stabilize your assets. I personally do not choose to be patient but only choose the safest solution when trading before buying, I should set the price to sell to make a profit
It is called cutting your losses short
And yet another very demonstrative example why patience is not a key to success in trading. It may in fact look like it works, most of the time, but when it finally doesn't, the losses will be devastating. If anything, there should be no patience or tolerance of the losses whatsoever. If you feel like things get out of control, you should get out of your position as soon as possible. And losses are what we are facing all the time anyway, so remember, if you can’t take a small loss, sooner or later you will take the mother of all losses (a trading wisdom)
For me, it is. But that counts only when you are making decisions in trading. Prices goes down, either sell or have patience till it comes back. Simple.
Patience is a must with trading, and to be successful we should have the better understanding about the market and then we should maintain patience. The market needs to be observed more keenly so to eliminate the loss and there needs to be some form of targeted trade. Only with that we can buy/sell making desired profit. Over expectation needs to be avoided, because we need to make use of it when market is supportive. Expecting beyond limits and holding is gonna lead to loss as the market can turn upside down in no time.
The market turns more red than blue so be careful when investing because everything is very risky and can make you lose money quickly. I am a trader for 3 years and many times I sell panic so it is very difficult to predict people's psychology when the downtrend occurs. Patience is something everyone should have in the bear market but if your coin has stopped working or has bad news, consider selling because it will drop at a price you will never think of. 
It is very clear that without having a good level of patience, someone will not be able to trade well. Even a person who is professional, when he is unable to be patient, is likely to suffer losses and even lose such a large asset. A trader needs a calm in making decisions, when they experience panic and cannot control patience then it will only make a nightmare.
Patience is an important point for a trader to achieve success.
Indeed, patience is important in trade or investment, but patience is not the only thing you should to have, in trade you need a lot of Patience is an important point for a trader to achieve success.
skills mate. not just being patient, you have to be good at reading markets, good looking for opportunities, and courage
Patience is a must with trading, and to be successful we should have the better understanding about the market and then we should maintain patience. The market needs to be observed more keenly so to eliminate the loss and there needs to be some form of targeted trade. Only with that we can buy/sell making desired profit. Over expectation needs to be avoided, because we need to make use of it when market is supportive. Expecting beyond limits and holding is gonna lead to loss as the market can turn upside down in no time.
Yes, everyone should admit that patience is the key to the success of the trading platform. Trading is not easy at all. It is a very difficult task. To gain from trading, such techniques have to be applied, so be patient. If you do not have patience at the trading platform, then success can never be achieved. Patience cannot be lost if you have to deal with financial losses. Success will come when there is patience to trade.
Thank You
Like every other market, crypto market has been operating in a cyclical way which means that there would be recession and revival in the course of economic activities and this is something that tales time. It has been a decade and the market value of coins with good age has attained great values but in a decade. So yeah, it takes time but eventually ends up making you a millionaire. Look at the long term investors. Thank You
Success will come when there is patience to trade.
Patience is very important but the most important is your knowledge and your skills in order for you to make good decision when trading.
You cannot be successful with patience alone because it's necessary that you know the right timing to initiate selling and buying for your purpose of profit.
Yes, everyone should admit that patience is the key to the success of the trading platform. Trading is not easy at all. It is a very difficult task. To gain from trading, such techniques have to be applied, so be patient. If you do not have patience at the trading platform, then success can never be achieved. Patience cannot be lost if you have to deal with financial losses. Success will come when there is patience to trade.
Thank You
Thank You
We have seen lots of members here complaining that they didn't wait enough before booking their profits because they don't have patience.
But it's really hard to have this mentality, I'll give one example, last week I try to buy something online, just so hype so I order, but after a week, that item went into sale for 20%, damn I was so mad at myself for not waiting enough. So another valuable lessons here, don't buy the hype and have patience, just like in crypto.
To be honest, I have been a silent speculator in the bear market. The down price you know is instrumental in helping you make some handsome profits when the market rises. Panic selling is something that makes you loose value and there is no point in regretting over split milk. Hype might excite you as it excites me but you got to be a realist and this is healthy for business. Patience is good but only when you have invested for long term not for the short term.But it's really hard to have this mentality, I'll give one example, last week I try to buy something online, just so hype so I order, but after a week, that item went into sale for 20%, damn I was so mad at myself for not waiting enough. So another valuable lessons here, don't buy the hype and have patience, just like in crypto.
Missing out some opportunities may be a negative consequences of being speculator but it helps me a lot in avoiding catching few falling knife, for example, ripple. At the same time, being just a speculator helps me to continue my bitcoin holding whereas few of my colleague exit at $3500 by the panic of going down up to $1800.
Patience with desired goal to reach will make more ease because we never know how long the price will increase or decrease so we can decide when we have to sell and the be happy when you reach the goal ,main thing you need to do is control your greed while trading.
patience can extinguish your greed and your emotions, right what people say that patience is very important in trade and investment, everyone must have a target and if they want to reach that target they must be patient whatever happens
There are people who can’t even have patience in trading and that’s mainly newbies that want to make profit quickly because of what they were told by their friends. They are usually that ends up in critical conditions and losing their money. I have seen a lot of them that started trading without the experience and knowledge about trading and they all ended up in losing in their money.
Next thing is that you see them complaining in the forum and asking questions on how they can recover their money back and when there will be a bull run.
Next thing is that you see them complaining in the forum and asking questions on how they can recover their money back and when there will be a bull run.
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.
well, i really feel this. we must really wait for the right price to sell the assets we have in order to avoid losses. sometimes waiting is really a very expensive price, because impatience is sometimes greater than that. 
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.
It’s absolutely right mate that patience is the key of success in trading. Impatient traders can't get any benefits from trading. We need to buy at right time and need to wait for right time for sell to get profits. So we need to control our own patience while trading.
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