Topic: What does patience mean in trading? - page 2. (Read 945 times)

D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.

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In all aspects we need patience for someone so as not to run something greedy. Especially in trading that requires money to live it, patience in trading includes many things. For example, such as using sufficient money responsibly for trading and using low leverage as an effort to minimize risk. Of course there are many other patiences that need to be improved so that trading does not produce losses because greedy will not give you a victory.

In essence, we have to be patient when we are in trading because the market changes so fast and sometimes does not match the previous analysis. When you have patience it will be much easier to control trade because usually greed will cause an detriment in trade.

Mr.right85

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In trading, patience don’t just come as a virtue but a much needed skill to master and apply.

Patience looks at your ability to hold up even a bad trade or not taking a trade at a particular time, even when the signals seems ripe but, haven’t met your expectation. It trains you to restrain and not leave much room for greed and FOMO to get the best of you.

This is just some of the ways to positively apply patience but again, it could be applied wrongly on waiting out a bad trade and you eventually get wiped out of the market. Being patient doesn’t mean you shouldn’t cut your cost,. As a trader, your under constant evaluation of what is before you and TP/SL can always come very handy.

Rockstarguy

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Patience in trading, just like a key use to open the door of success in trading because when the price of the coins you are hodling is too low and you don't want to lose your money, you will apply patience not to trade your coins at the moment to be successful when the bull run occur.

Patience in trading is as important as the strategy that you'll need to win your trades, a trader that doesn't have patience isn't going to make money from trading as the market can make.you think that it is dumping but it was just a fake alarm and if you're the one that doesn't have patience, you would had sold and left the trade in losses. The same thing can happen when you want to start your trades. Success come to those who have patience and this works very well when trading. You need patience when you're monitoring the market and when you have entered the trade and observing the market. Without patience you'll always have failed trades.

Patience is everything in trading, it is not just about the trade, having patience to make good profit in trading. From the beginning of trading patience is involve. The first thing that every trader needs in trading to succeed is knowledge and you can only gain knowledge in trading if their. The foundation of trading is to learn, if one can bring in patience at this beginning to get understanding it will be easy to even have patience with the outcome in trading. Every success in trading comes as a result of patience. It is clear to see that most traders who normally have difficulties with trading lack patience in one way or the other which is affecting trading.

crwth

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It’s hard to make sure That you would profit in trading, and I think that is one of the reasons why it’s so hard to be patient. Additionally, some external factors like your environment and also the world within us is so fast that we want immediate returns or something.

So for trading, I guess it is holding the position that you have and putting stop losses and take profits in place and just wait for it to go as long as indicators direct to the direction you think it will go.

gabbie2010

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In addition as a trader we should patiently wait for a trading setup before pulling the trigger to Short or Long having tested the trading strategy particularly if trading with a higher timeframe, hastily entering a trade early can result to a massive drawdown or get liquidated if trading with high leverage, even scalping in trading requires waiting patiently for a quick entry and fast exit too, however lot of traders loss their account due to lack of patience because they can't manage their emotions and psychology which needed to be taken care of to become a profitable trader both in forex and crypto trading.

Adbitco

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Patience in trading, just like a key use to open the door of success in trading because when the price of the coins you are hodling is too low and you don't want to lose your money, you will apply patience not to trade your coins at the moment to be successful when the bull run occur.

Patience in trading is as important as the strategy that you'll need to win your trades, a trader that doesn't have patience isn't going to make money from trading as the market can make.you think that it is dumping but it was just a fake alarm and if you're the one that doesn't have patience, you would had sold and left the trade in losses. The same thing can happen when you want to start your trades. Success come to those who have patience and this works very well when trading. You need patience when you're monitoring the market and when you have entered the trade and observing the market. Without patience you'll always have failed trades.

You know one thing about people is that they feels that immediately they join trading that is how they will start making their money with or without knowing that the market and the overall system doesn't work that way. When trader Newly joined the market he should study the currency he is going to trade and know how the team operate on it thus it could be that community controls more of the coin price or maybe they had a whale who always put a serious wave on the market after which the market could dip and impatient person would just go dump on his holding thinking that is never coming back to previous price.

YOSHIE

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What does patience mean in trading?

Not all patience must be used in crypto trading, patience has its place, analysis is what is needed to understand the risks when analyzing Bitcoin price movement charts as they rise and fall, If you are too patient in your analysis you can hardly do anything, as well as opportunities, if you calculate wrongly and are slow to make decisions you will experience the risk of losing and almost not being able to buy or sell.

Point D applies to Spot trading, the margin or Futures method does not require patience, you have a contract to do it, for me trading is what you need to do carefully, quickly and accurately.

MusaPk

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Quote from: Maslate on July 25, 2024, 05:23:56 PM

Patience in trading, just like a key use to open the door of success in trading because when the price of the coins you are hodling is too low and you don't want to lose your money, you will apply patience not to trade your coins at the moment to be successful when the bull run occur.

Exercise patience to learn crypto trading before investing your money, it will make you to enjoy the trading because you will achieve all the skills that make traders to earn plenty profits from their trading because it requires skill to be successful in crypto trading in the industry. Patience is like the eyes of the traders use to stop loss in crypto trading because once you have patience in your trading, it will open your eyes to see reason why you don't need to trade in that particular price in the market because is not going to bring out good profits.

Patience is what makes you successful in trading. Those who master the art of patience are the ultimate winners. There might be times when your favorite coin like Bitcoin go down in value considerably and that's where your patience level is tested. You buy a coin and it's not necessary that coin will only go up in price. If you take example of Bitcoin then we see it's price is following a volatile pattern where there are many dips but in the long run it's going up. One can get himself benefited from Bitcoin only if he has patience to buy bitcoin and hodl unless he start seeing his targets.

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Quote from: Maslate on July 25, 2024, 05:23:56 PM

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Patience can make success more visible. One can trade but without patience, most likely he will end up with a losing trade. The market may sometimes very annoying that we tend to lose our patience, and make wrong decisions until we see our trades losing our future profits. That proves that being patient creates a lot of wonders in trading, otherwise we shouldn’t stick to trading if we know we can’t handle such emotions that will only ruin our trades and eventually lose all our funds that we decide to use for trading.

To be successful in trading or investing we need to combine many factors together, patience is just one of many factors, we should not just focus on a single factor and say just be patient then our transaction will be successful. If we do not have much knowledge or experience in making comments about market trends and if we are patient with wrong comments about the market then it will benefit us? Similarly, in long-term investing, if we invest in the wrong project and think that just being patient and holding will definitely bring profits. Is that true?

Patience is good, but for it to be effective we need to combine many other factors because it will be useless if we have the wrong plan from the beginning.

Farma

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Patience in trading, just like a key use to open the door of success in trading because when the price of the coins you are hodling is too low and you don't want to lose your money, you will apply patience not to trade your coins at the moment to be successful when the bull run occur.

Patience in trading is as important as the strategy that you'll need to win your trades, a trader that doesn't have patience isn't going to make money from trading as the market can make.you think that it is dumping but it was just a fake alarm and if you're the one that doesn't have patience, you would had sold and left the trade in losses. The same thing can happen when you want to start your trades. Success come to those who have patience and this works very well when trading. You need patience when you're monitoring the market and when you have entered the trade and observing the market. Without patience you'll always have failed trades.

Patience can make success more visible. One can trade but without patience, most likely he will end up with a losing trade. The market may sometimes very annoying that we tend to lose our patience, and make wrong decisions until we see our trades losing our future profits. That proves that being patient creates a lot of wonders in trading, otherwise we shouldn’t stick to trading if we know we can’t handle such emotions that will only ruin our trades and eventually lose all our funds that we decide to use for trading.

It is true that there will always be good results when we can have patience in trading because by having patience we will be able to make the right decisions when trading and without patience of course it will be very difficult for us to get good results from the trades we make, so it is very important for a trader to have patience because anything can happen when trading and without patience of course it is difficult for us to decide the right thing in the trades we make. If you don't have patience when trading, I think it would be better if we can practice first to be able to handle emotions when trading so that the funds used for trading are not wasted because when trading we have not been able to handle emotions.

Z_MBFM

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As a trader, we need patience while trading.

In trading, patience is required at four levels:

A) You need patience to learn how the market moves and how to trade it—"Learn" first before you "Earn."

True and i agree with this

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B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.

This is an important things but not necessary for every moment

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C) You need to be patient and wait for your setup or the right opportunity. Be a sniper, not a machine gun, opening trades at each market movement.

Trading is totally a matter of patience as it is not gambling. Gambling gives quick results but in trading the movement of a coin takes a lot of time. So if you want to make a good profit from here, you have to hold patiently until you get the profit

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D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.

True and i use this strategy...

Quote

Do you have something to add?

Trading with low leverage rather than being too greedy when trading futures is also an example of patience. And in addition, controlling yourself without panicking even after seeing the bad situation of the market can be an example of greater patience.

Maslate

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Patience in trading, just like a key use to open the door of success in trading because when the price of the coins you are hodling is too low and you don't want to lose your money, you will apply patience not to trade your coins at the moment to be successful when the bull run occur.

Patience in trading is as important as the strategy that you'll need to win your trades, a trader that doesn't have patience isn't going to make money from trading as the market can make.you think that it is dumping but it was just a fake alarm and if you're the one that doesn't have patience, you would had sold and left the trade in losses. The same thing can happen when you want to start your trades. Success come to those who have patience and this works very well when trading. You need patience when you're monitoring the market and when you have entered the trade and observing the market. Without patience you'll always have failed trades.

Patience can make success more visible. One can trade but without patience, most likely he will end up with a losing trade. The market may sometimes very annoying that we tend to lose our patience, and make wrong decisions until we see our trades losing our future profits. That proves that being patient creates a lot of wonders in trading, otherwise we shouldn’t stick to trading if we know we can’t handle such emotions that will only ruin our trades and eventually lose all our funds that we decide to use for trading.

irhact

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Patience in trading, just like a key use to open the door of success in trading because when the price of the coins you are hodling is too low and you don't want to lose your money, you will apply patience not to trade your coins at the moment to be successful when the bull run occur.

Patience in trading is as important as the strategy that you'll need to win your trades, a trader that doesn't have patience isn't going to make money from trading as the market can make.you think that it is dumping but it was just a fake alarm and if you're the one that doesn't have patience, you would had sold and left the trade in losses. The same thing can happen when you want to start your trades. Success come to those who have patience and this works very well when trading. You need patience when you're monitoring the market and when you have entered the trade and observing the market. Without patience you'll always have failed trades.

lixer

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Patience in trading, just like a key use to open the door of success in trading because when the price of the coins you are hodling is too low and you don't want to lose your money, you will apply patience not to trade your coins at the moment to be successful when the bull run occur.

Exercise patience to learn crypto trading before investing your money, it will make you to enjoy the trading because you will achieve all the skills that make traders to earn plenty profits from their trading because it requires skill to be successful in crypto trading in the industry. Patience is like the eyes of the traders use to stop loss in crypto trading because once you have patience in your trading, it will open your eyes to see reason why you don't need to trade in that particular price in the market because is not going to bring out good profits.

Exactly when we talk about Panic Buyers and Panic Sellers, Panic Buyers, and Panic Sellers are the people who are impatient people who have no patience while trading, and can never become successful traders. The important thing is this, often, there are people in the market who come in like a gust of wind, leave trading very quickly, and go back with a sigh of relief. There are many such postings on the same forum and it is worth seeing the comments. People have commented that they did not benefit from trading and the reason for leaving trading is that you have no patience and if you don't have patience, you can never become a successful trader.

If you understand trading, you understand market moves, and can analyse coins and candles well, then you have patience and courage, then nothing can stop you from becoming a successful trader. Just as every businessman has certain qualities that make him grow, these are the basic qualities for a trader that can make him grow.

Abu-Naim

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Generally, patient is needed in cryptocurrency including bitcoin investment not just trading. If you are patient enough, you will be able to get huge profit in your bitcoin investment but while investing in altcoins, do research and know which project to hold for long.