Patience is the main key of success on trading platform. - page 5.

swordling143

full member

Activity: 360

Merit: 100

Quote from: The Cryptovator on March 24, 2019, 02:14:33 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 agree that patience is one of the main keys to achieve success in trading. I for one have missed out on many of my alts simply because of selling too early. But waiting too long could also end up in disappointment. Too much hope and greed could really lead to great losses as well. For me, I think it's better to keep balance of things and focus on researching token history before diving in. Once you sell with profits, don't look back. A profit is always a profit, right?

sijonru

member

Activity: 461

Merit: 17

🔰FERRUM NETWORK🔰

Quote from: travwill on April 12, 2019, 03:56:56 PM

I think the most important thing is to endure the moment when you want to make a mistake and, for example, get out of an asset in favor of another asset, often after that you notice that the very growth of which you successfully could not wait.

It's true, patience is very important in doing crypto trading because when prices go up, of course, you really want to sell because it's profitable. Likewise, when prices go down want to sell because of fear of greater losses.
In such conditions what is needed is patience and smart thinking to analyze the crypto price movements in the short term, whether to rise again or decline. After being sure of the analysis, the decision is made, so the results are positive.

JohnBitCo

sr. member

Activity: 2030

Merit: 356

Quote from: timmydakolo2 on April 11, 2019, 05:47:52 PM

Is not only on a trading platform, it's a true way of discipline one have to give to him or her self when it comes to Cryptocurrency and other every day life activities. I know what my patience have brought me today and also things have achieved so far. My advice to many out there is never give up on anything you do in life.

One thing which many traders lack is patience. If they had patience , they would have never sell in loss. How many times we have seen that we sell our coins in a loss because we lose the patience, and the very next day the price pumps and we regret our selling in loss.

Quote from: princerepon on April 11, 2019, 06:43:17 PM

Quote from: The Cryptovator on March 24, 2019, 02:14:33 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.

We don't know that where will price stop. we are just unexperience trader who invest short amount. In many way trade depends who invest big amount money. Now it's okey that you didn't sell top price. But other side at least you didn't loss your money. The all you can do that learn about trade and wait for market establish.

Patience is the real key for success for the newbie traders also. If you are new in trading, you could make a wrong trade and your coin may go below your purchasing price, but if you have patience you can wait for the price to recover.

bysmf2000

jr. member

Activity: 158

Merit: 1

"patience is the main key of success of trading platform" i do not agree if patience just main key. we must have skill and knowledge about trading

The Cryptovator

legendary

Activity: 2394

Merit: 2223

Signature space for rent

Quote from: qmclak on April 14, 2019, 03:34:46 AM

Holding for long term investment is not bad as long as you bought at dip and make sure the coin you buy have potential too. I'm also more on Fundamentals ,once I see the potential of their project, I'm just gonna buy and hold. Maybe for 3 to 4 years. Sounds very challenging to me.

Holding is not bad if your aim is for long time like 3/4 years. But I will not encourage for that although you have enough patience especially for Altcoins. If you hold any altcoin then it will pump somehow like after 3/4 month. That time you should sell (depend on btc trend) and buy back on dip. Why should you wait long time if you already have handsome profits? Who know tomorrow it will not dump? If you hold bitcoin for long term then its different case. There is not problem in my opinions, but for alts I am not agree for hold like 3/4 years.

LUCKMCFLY

legendary

Activity: 2590

Merit: 1882

Leading Crypto Sports Betting & Casino Platform

Before when I started trading, I did not have patience, because I wanted my operations not to last more than 5minutes, I wanted to win already, at first I was lucky, then I began to lose quickly, that forced me to read many books, which, They taught that patience will always be the key in speculative markets, because time and money is what Market Makers have.

Even now this phase of the market is when more patience must be had since it is not known when the bullish trend phase will begin in general. This translates into know how to generate how much we can operate following the direction of the market, to do trading as Jesse Livermore did, following the trend line of least resistance.

qmclak

jr. member

Activity: 275

Merit: 2

"Trade with profit"

Holding for long term investment is not bad as long as you bought at dip and make sure the coin you buy have potential too. I'm also more on Fundamentals ,once I see the potential of their project, I'm just gonna buy and hold. Maybe for 3 to 4 years. Sounds very challenging to me.

fasdorcas

hero member

Activity: 798

Merit: 527

Quote from: Best Dreams on April 12, 2019, 02:49:53 PM

For me it is only good strategy to save your trading for long term, if we hold and trade for long term it gives us more and more opportunities, I have found much safe long term trading as compare to day trading, there are so many chances for holding, patience is the best way to improve your trading skills, if you are not sure about market price, have patience and hold you will sure learn with time and patience will give you good result.

Holding strategy is not a bad idea if you make sure you buy at dip, that is why this patience of a thing we are talking about is not only applicable to our decision in holding, but out decision to buy too, my friend that bought at that high price, having understood how the market operates should have been patient enough to wait for the market to bottom before buying, he bought when the market was still at peak and so he finds it difficult now to wait for it to rise again.

Right now, everyone knows that the market has generally bottom and what we are expecting now is a full run of high value, if he sells now, he will still share the story in future, how he was not patient again for the next bull, so we just have to invest sometimes, and take our eyes off it for a long term, except you are a trader, which trading analysis is usually done on a daily basis, not giving chance to that huge loss.

travwill

sr. member

Activity: 1313

Merit: 278

I think the most important thing is to endure the moment when you want to make a mistake and, for example, get out of an asset in favor of another asset, often after that you notice that the very growth of which you successfully could not wait.

Best Dreams

full member

Activity: 1008

Merit: 101

Quote from: carlisle1 on April 12, 2019, 07:34:29 AM

Quote from: The Cryptovator on March 24, 2019, 02:14:33 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.

Sometimes yes but not everytime because there was an instance that when we panicked it brings us to safeties like when the market break in 2018 and most of the holders becomes trapped in this bear market

Quote from: Ahiaba on April 12, 2019, 12:40:05 AM

Patience is key in crypto currency trading but not all the time though because if you asked some of us that bought holds ethereum since its market value was around $730 in the year 2017 we tell you that patience is not the main key to success on trading platform as you rightly mentioned above.

Thys what i am trying to say that the holding strategy is not always applicable

For me it is only good strategy to save your trading for long term, if we hold and trade for long term it gives us more and more opportunities, I have found much safe long term trading as compare to day trading, there are so many chances for holding, patience is the best way to improve your trading skills, if you are not sure about market price, have patience and hold you will sure learn with time and patience will give you good result.

carlisle1

hero member

Activity: 2744

Merit: 541

Campaign Management?"Hhampuz" is the Man

Quote from: The Cryptovator on March 24, 2019, 02:14:33 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.

Sometimes yes but not everytime because there was an instance that when we panicked it brings us to safeties like when the market break in 2018 and most of the holders becomes trapped in this bear market

Quote from: Ahiaba on April 12, 2019, 12:40:05 AM

Patience is key in crypto currency trading but not all the time though because if you asked some of us that bought holds ethereum since its market value was around $730 in the year 2017 we tell you that patience is not the main key to success on trading platform as you rightly mentioned above.

Thys what i am trying to say that the holding strategy is not always applicable

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: The Cryptovator on March 24, 2019, 02:14:33 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 sometimes better than being a knowledgeable trader because they know what to invest but does not have any patience and end up frustrating themselves and panic sell. But overall, having patience in trading means that you are wise, smart and skillful person that knows how to wait for the right time and ending up earning more.

jrrsparkles

sr. member

Activity: 2520

Merit: 280

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Ahiaba on April 12, 2019, 12:40:05 AM

Patience is key in crypto currency trading but not all the time though because if you asked some of us that bought holds ethereum since its market value was around $730 in the year 2017 we tell you that patience is not the main key to success on trading platform as you rightly mentioned above.

If you sold your ethereum at peak price then you did the right analysis and sold,sometimes we can't control our nerves while seeing profits for our coin and it is not a mistake as well you just made less profits by selling too early.If you want more profits then decide how much profit you want and then sell it when reaches that price.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: Ahiaba on April 12, 2019, 12:40:05 AM

Patience is key in crypto currency trading but not all the time though because if you asked some of us that bought holds ethereum since its market value was around $730 in the year 2017 we tell you that patience is not the main key to success on trading platform as you rightly mentioned above.

I am sure that the patient still the main keys in the trading especially if you have a plan to sell at a higher price. When the market cannot rise, and all the price is getting down, you cannot sell at that time because you cannot make any profit and even you will get a lose. So I agree that patient still needed and that is the most important thing that we should have.

StarofBTC

hero member

Activity: 1148

Merit: 528

Quote from: freedomgo on April 11, 2019, 01:06:44 AM

Emotion are weakness in trading, this is all about pure strategy, and you have to be able to be in control of your emotion
for that strategy to be effectively initiated. There are a lot of people who are good in theory, they can make good analysis in trading but they failed in the implementation.

Lol, so people like me who are not good with theory, where do we fit in, although I have been trading but I focus more on the practical aspect of it, and to be sincere, trading without emotion cannot just happen.

It is impossible for a first time trader not to trade with emotion, absolutely impossible, like you said, many people see these things in theory and they try to pretend it when practical comes, but instead of pretending it, it is better to lose it out and have a feeling of its repercussion and then, we can learnt from it for better improvement. I have learnt a lot from my emotion, every time I apply it to trading; I see the lesson from the one it fails me on.

Ahiaba

full member

Activity: 447

Merit: 108

Patience is key in crypto currency trading but not all the time though because if you asked some of us that bought holds ethereum since its market value was around $730 in the year 2017 we tell you that patience is not the main key to success on trading platform as you rightly mentioned above.

Coin-Desk

member

Activity: 182

Merit: 10

I agree with your statement 100 percent. Patience is the key to the success of the trading platform. Trade without patience is not possible. Trading requires a lot of patience. Because the price of cryptocurrency in Trading is going to increase or decrease. Many can not wait for this As a result, they can not profit. Trading requires patience as well as capital. Trading is never possible without patience. Combining capital and patience, trading can earn a lot of profits.

Thank you

princerepon

full member

Activity: 994

Merit: 101

Quote from: The Cryptovator on March 24, 2019, 02:14:33 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.

We don't know that where will price stop. we are just unexperience trader who invest short amount. In many way trade depends who invest big amount money. Now it's okey that you didn't sell top price. But other side at least you didn't loss your money. The all you can do that learn about trade and wait for market establish.

timmydakolo2

jr. member

Activity: 225

Merit: 1

Is not only on a trading platform, it's a true way of discipline one have to give to him or her self when it comes to Cryptocurrency and other every day life activities. I know what my patience have brought me today and also things have achieved so far. My advice to many out there is never give up on anything you do in life.

DeadCoin

sr. member

Activity: 1246

Merit: 261

★ Investor | Trader | Promoter

Quote from: The Cryptovator on March 24, 2019, 02:14:33 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.

trading
I too have drafted the same. Patience is the silent killer of failures. Lot many here have succeeded in trading by just being patience. Trading is one of the best platforms here in crypto. Study the market and know the best exchanges and pick the correct coins to trade with. You will certainly have profits.

Topic: Patience is the main key of success on trading platform. - page 5. (Read 1678 times)