Topic: What does patience mean in trading? (Read 945 times)

The fact that there are more profitable traders in the market than profitable gamblers proves that trading is different than gambling. It's not just about some games being skill-based because even in those skill-based games, one still needs luck to win. Take Blackjack as an example. You can only win in blackjack if you get good cards, the same goes for Poker and any other game where skills might matter but luck still has a significant role in it.

In trading, you can become profitable in the long run if you learn everything and become a good trader because knowledge and experience matter in trading which doesn't in gambling. If you complete 10 trades, and 7 out of them are successful, you will be in profit considering you used stop-loss and didn't lose a lot of money.

Patience is must and important for trading. I aPrlso think Before trading we have to learn first then trade, otherwise we will be losser there has no doubt. Without proper education traders can't understand how to trade and why need patience need in trade. Using low leverage also means patience to understand it need knowledge about it.

E. Patience on finding the right exit and right entry
F. Patience on the moment that you do lose then you do know on howto move on and go find for another one
G. Patience whenit comes too much volatileness
H. Patience considering all the analysis you made isnt 100% precise

It might that be that repititive but those above things mentioned are definitely preciseand concise when it comes to real time happening towards the marketsand the actual
condition on where a trader would really be able to experience and able to need to take action. Patience would really be having that huge role when it comes into this condition
specially when you are really that been barraged with tons on unpredictable results and outcomes on which all of those entries or exits you do have been fucked up.

On the moment you've seen yourself having some issues then it would really be testing out your emotions on how you would really be that making yourself
trying out to adjust on such particular condition on which this would really be that hard on this aspect. So it would really be basing up on how someone
would really be taking out such behavior on the moment they do deal up with this space.

True. In doing any activity, patience plays an important role in achieving success, especially in trading which is so complicated and full of risk. Of course, patience is one of the keys to becoming a successful trader. Because, without patience, the decisions we make will usually be wrong and even very risky, resulting in losses.

So. Patience in trading activities is one of the things that all traders must have, especially beginners. Because with patience, we can restrain ourselves and not panic in the face of unexpected market fluctuations that usually occur at any time.

With patience, we can also make good decisions based on the analysis that we do well and not based on emotions or pressure from other parties. So, patience in trading is very important, because with patience means waiting for the right opportunity or waiting for the right moment when making a decision, we will also be able to follow the trading plan, and of course we can control ourselves so as not to be tempted to take actions that can harm us.

What I have to add is the fact that patient can sometimes become greed if not put in check, often as they commonly say that too much of everything (even good things) are bad, so also, patience can ultimately turn to greed easily if over exercised.

So, traders must learn to know where to draw the line.
For example, in the past, on several occasions actually, I've opened a trade, and not quite long after, I was in profit, the profit kept increasing, and each time I thought of closing the trade or selling the coin to take my profit, I look at the chart and and assume it will go higher, so let me be patient, at the end of the day, I end up closing that trade or selling the coin at a loss because I was not able to tell when my being patient turned into me being greedy.

So, this is something traders must also pay attention to, as this has caused many to loss out on trades they ordinarily should have profited from.

Sometimes people who have long patience categorize as greedy people. This approach towards them is wrong since we need to look at the activities done by the trader so that we could figure out if they are really do something wrong in their trades or they are just doing the right thing and just waif for good opportunity before they decide to sell.

But provably that people could able to learn from what they experience from those activities they participate and maybe they could do more better trades and avoid doing such risky things or get involve on questionable scenarios in their trades.

Patience is a great contribution to all traders who carry out trading activity. Because of this, it depends on the realization of our target plans for when to sell the crypto assets or
bitcoins we hold.

Of course, if you don't have patience, when there is just a little drop in the price of bitcoin or cryptocurrency, our goals of making a lot of money in the crypto trading industry will
definitely not happen.

I wouldn't say it's greedy per se, having patience for me having to stay focus to your goal in trading. So you can't just pull the trigger right away just because you see $$$, it might be the correct time and so patience is really needed here. Although we can't do anything about it when we are in the beginning of our career in trading. We are too inexperienced and we thought that everything should be carried right away without thinking. But in the end with this kind of experience under our belt, we need to have this mental fortitude, practice of self-control is the key here to be successful.

Patience is virtually everything in trading and I say this with experience 😔😔, upon my first time actually learning trading, I actually had a very wrong perception towards it and was even trading like a gambler by risking big funds thinking that what will be will be without actually knowing fully well that all these things actually have a process and mine was even not that bad as my friends case was worse although he had some few good wins but his own case was letting his greed get over him because after the win and profit of almost 60$ his mentality changed and thought he could practically just keep going with the whole process till he hits a a thousand dollars and believe me he learnt about patience and content in the hard way, bro lost virtually everything.

You are absolutely right, starting investment with little amount is also part of exercising patience, being impatient in starting a business should not guarantee you to invest a lot in it, because both lost and gain are vocabulary associated to trading, it is advisable for you to trade with what you can afford to lose, it is possible that you can still lose even though you enter market at the right time.





Meanwhile, some people are impatient to learn more on trading before jumping into it, it is important to have knowledge, skills, and also have the ability to do what you want to engage yourself in, capability is also important, you should be aware of what you are capable of doing, you have to be patient and execute a good plan and also budgeting, but some are eager to trade and see all this as a side distraction, with out patient in trading a lot of traders will lose  in  trading, they won't be able to retrieve back the money and they will end up regretting it.

That is what OP means, having patience = less greedy.
It's like the opposite of greedy is patience.

It is really the main enemy of every trader, especially those new ones who just starting. You need to surpass and endure the greediness, you must be able to control it which comes with your psychological.

All your strategies related to trading are fine but I want to add that not much greed can be made in trading platform. If you are greedy in trading platform then you will lose the most. Learn to deal with greed. This greed is a very terrible thing. One more thing I want to add here is don't trade with emotion. Trading should be done by understanding the market conditions. Now you have made a profit from trading but later you can lose money if you aim for that profit and trading with passion without understanding the position of the market.

I'm sure you know that in gambling there are some games that require skills and knowledge, although the goal is to increase the chances of winning and in the end it still leads to and depends on luck alone. and with trading it's not much different. skills and knowledge are very important in this case besides I think luck is also involved.

well if it is said that this is not a game of luck that's clear, but the flow is not much different from gambling according to my own perception.
I appreciate your opinion.
back to the discussion of the title, patience does need to be considered, because this can make us take actions that are not considered first. especially when experiencing a loss of money that usually often happens is those who cannot be patient and make themselves want to make the money that has been lost can be obtained again by trading blindly without thinking about the risks.

You are wrong if you think trading is not much different than gambling because gambling is a completely different thing. You don't need skills or knowledge or anything in gambling because it's all about luck, you place your bet, press the button, and see the result in front of you. There is no involvement of experience or skills, you either win or lose a bet based on your luck. Do you think trading works in the same way? If you think so, you do not know about trading.

Trading requires skills and knowledge, you can't place a trade blindly and think that you will get a profit from it because it doesn't work like gambling. Even for luck to work out for you and give you some profits, you will still need to know how you can make a trade and how you need to buy and do everything, but mostly, it's not a game of luck.

It is very important for a trader to have patience, because with patience it will make everything better. This is also closely related to a person's mentality in trading, so if someone does not have patience it can also be interpreted that someone does not have a mentality.

Analyzing the market takes quite a long time, if we are not patient enough then we will make a decision even though the analysis that is done is not complete, but we want to rush into the market. This is something that will lead us to losses, because at the beginning we have made mistakes that we should not have done. Apart from having to learn about trading, we must also be able to practice patience.

We don't want to lose but losses can only occur naturally, so I won't say they are unnecessary. This applies even if we already have a patience but of course, it's always better to have one because losses can be more than usual if we don't have it. I am not sure if when you say trade only amounts one can afford to lose, you still relate it from having a patience but I think it isn't totally related.

There must be a proper term for this which I can't remember right now. Being greedy and hasty can lead to a costly mistake but it can also lead for a costly lesson. The lesson I mean is when we gain a knowledge. It sounds great because usually when we pay huge for a lesson, the lesson that we can get is also superb but of course, it is still better to take things slowly and easily.

The problem if many newbie traders is that they are impatient in learning how to trade and because someone is profitable, they think they can also be profitable. Apart from learning how to trade, it is nice to understand that trading is not for everyone.

Many wait to see a bullish market and rush to join it, not knowing if it will end immediately you join.

This affected me when I was trading. I do not allow my strategy to completely play out and I will hastily obstruct it, and may later regret it in some cases.

Leaving the losses to see if it will recover and taking profits from winning and see it go higher is a pain and regret.


Trading is not for everyone, first check if you are emotionally strong to trade.

Patience is very important in crypto trading to avoid unnecessary loses that will lead to had I known and regrets. It's important to trade with the amount that you can afford to loose, especially for newbies that have not gained sufficient knowledge of how trading works. Being greedy and hasty in trading can lead to costly mistakes and that is why I tell aspiring traders that I know that crypto trading is not a get rich quick scheme where you'll dump all your savings and expect it to double multiple times. Trading is hard and newbies shouldn't rush into it, they should have patience and be mentored first by experienced professionals before starting.

I think this is not much different from gambling, of course we need good patience in trading especially when it ends with disappointing results. so indeed patience is an important thing that must be mastered to avoid overspending money because even in trading if the results that have occurred are disappointing but there is no patience then it is likely to have the ambition to want to recover the losses that have occurred and of course this does not guarantee that it can restore the situation to be better even if it returns to trading.

besides that I think not only in trading, but in all things the same patience is needed because it plays a big role.

Patience is everything or something that would really be relevant or something which is really that something important. Why? specially on the time that you would really be trying out to secure your profits or hitting up your  take profit point then waiting game will really be the precise condition that you are into. If you are that short tempered or wont be having patience then you will really be able to disrupt  your initial plans. This is why it would really be that relevant that you should really be considering out this aspect. Same goes when you are really that losing money too on which it would really be that relevant that you should really be that holding up your position and on the moment that the market will really be making some correction or price decrease then you cant really just that make yourself making those cut losses decision just because you are really that being scared? Sooner or later you would really be able to mould up yourself into a better trader on the time that you do gain sufficient experience about this market. Making yourself that too easily disrupted on things even on the slightest unexpected results or outcomes will really be leading into further deeper problems.
This is why it would really be that something recommended that you should really know on what are the things that you should gonna do so that you wont really be ending up on getting devastated on the moment or time that tough situations might come which is something that will really be inevitable.