Topic: What does patience mean in trading? (Read 988 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.

You're speaking as an investors as the type of patience that you're speaking about are for investors that don't have to lose hope when they invest in Bitcoin but have patience with it until it pumps back up. You can get benefits from Bitcoin by trading and by investing, don't do either if you haven't learnt how to do it successful or have no experience as you can lose from trading or from investing when you sell out of fud. Bitcoin price is volatile therefore there's an advantage to trade it and make profits but investing can be a better choice. When trading you have to know when you should hold or when you should sell to avoid more losses.

You are right that patience is very important especially when the market is going up and you can stop yourself from buying and be patient and then when the market is going down and now you can stop yourself again. I have seen many traders take losses because they are panic buyers and panic sellers. To be honest, when I was new to the market I was a panic seller myself, as soon as the market started to go down, I would sell my coins even though I was making a small profit but I had no idea how much the market went down.

That's why I used to sell my coins, and let me tell you that when the market was going up, I felt like the market would go up from here, I used to buy and it used to go further down. I have learned from experience. If you keep doing any work, you keep gaining experience in it. Repeated failure indeed makes you impatient, but it is also true that every time you fail, you get a new experience.

Patience is the key to success in trading, but the patience needed in trading is not only patience when waiting for the right time to make a buy and sell transaction, but we must also have patience in carrying out the processes. because believe me nothing will happen quickly to achieve success, therefore to become a successful trader patience is needed.

Even not only in trading in any business patience is always the main factor in order to achieve success. If you are a businessman of course you need patience in waiting for consumers who will buy the products we sell, patience in offering products, patience in maintaining the prices being offered by consumers, and also patience in managing finances.

In short, patience is always needed in every business activity, especially in trading. However, patience is not an easy matter, because patience cannot be learned with mathematical calculations. It can be said that patience is also a character, attitude, and reflection of oneself.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

True and i agree with this

This is an important things but not necessary for every moment

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

True and i use this strategy...

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.

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.

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.

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.

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.
 
While waiting for your target profit, you need to take greed off your plans because waiting for some desired profit might be greed especially if the project is not reliable; and when it comes to trading, you need to be taking the little profit you have sometimes to avoid losing all.

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 means a lot in trading. It helps us to do the right thing at the right time. While other traders easily trade when they find opportunities to trade, but it will be a lot wiser and smarter if you analyze well the market first and observe how its price is going to move before you rush into trading and regret in the end your decision.

Being greedy is normal for humans, so it's understandable why people rush into trading once they see bigger chances to trade and make profits. But knowing how greed will able to manipulate our decision making with trading, therefore as much as possible we should be more patient and control more of our greed to avoid consistent losses in the end.

For one to succeed in trading then he must always Learn to have quiet time to understand the market than being carried away, upon all traders must use a an amount they can afford to lose to trade maybe if the market went sideways or down on them meaning they would lose the capital they didn't budget for hence, when trading they should use amount they is riskable.
They should also stop rushing to market when a Little opportunity is created by the market and they seems to make little profits from it sometimes market could went down ways where do could lose within the shortest opening.

None of cryptocurrency, patience needed on all investment kinds to be success beside need firstly with skill and knowledge how to understood well with cryptocurrency investment technical way. Trading in cryptocurrency need the higher level of patience exactly when facing FUD are easily way how to make many people loss their investing assets in bitcoin or altcoin after easily sell on lower price and buy back later after price get recovery.

Patience is main problem lack having by all investor or cryptocurrency trader, I think after having knowledge about cryptocurrency and understand well how to make profitable by investing in bitcoin and altcoin get more patience waiting price recovery will make them earn much profitable in the future or become success bitcoin and altcoin investors.

It depends on each risk profile and depends on each trading plan, the shabar position depends on how you are in a trading moment, maybe you need to see that you are at the point, because in the trading position it is quite difficult to control if you do not have a trading plan, just like you want to get profits quickly but you are still a beginner it is the same as bohing and like killing yourself.


I think this is not just talking about profit alone where you don't withdraw the money you have doubled in trading, it only applies to people who don't know what the profit target is because it is included in the trading plan, you just need to set it to overcome such a mentality.

Patience is very important especially when the moment to enter the market at the wrong time and you are still hesitant but you always want to trade without being patient waiting for the right moment of money to enter the market.

In short: Patience means that you will not make money in trading if you don't have it. Because all markets requires that and if you're an impatient guy, be ready to welcome losses. That's easy to remember but hard to apply because not all of us can be patient at most times.

That's part of the skill development that a trader must have. Without such, you're not going to win your trades because you'd probably lose your tolerance of the market especially when you're watching it out. When the crash just happened and you can't bear it, you'd sell at losses and that's happening for most of the newbie traders and that's why they also need to practice themselves to be more patient and tolerable.

You are correct, patience is everything. You cannot achieve anything without patience, and none of the crypto investments we are making will succeed unless they are patient. Trading is a difficult endeavor that requires patience, learning, and focus before success can be achieved. Because trading is the most difficult aspect of cryptocurrency, with high risk of loss and low profitability. Many people are interested in trading, but what makes people fall is that they don't have the patience to learn before trading. If they simply see how they stake, they will just do the same thing, and they don't know how the market analysis works. People need to be patient in anything that they are doing, so that they won't regret why they are not patient to do the right things because anything that will bring you money he won't be so easy before you achieve it, you need to work hard and be patient before you can get what you are looking for.

Patience serves as a key factor to trading success. We need patience in executing our trades, as much as we need patience while waiting for the outcome of our trades. Also, we need to resort being patient if things do not work according to plan, otherwise being impatient and impulsive will only lead to wrong decision-making that will cause all our trading mistakes and losses in the end.

While patience is very crucial in trading, still our trading knowledge and skills development should still be our topmost priority in order to achieve trading success.

The rate At which people like patient is not really a good mindset for people that actually want to trade. You have to have patience another to point out errors. While doing analysis. The main thing is to know how to do analysis then other thing can be put in place. The moment you are not patient enough then be ready to have multiple Losses and all these things are caused Because people are too greedy they don’t want to be patient at all. They just want to make money. Their are a lot of things you have to learn To help you control your emotions, not to be too greedy then you will be able to manage your resources and reduce the risk of losing money.

I think to be able to avoid losses from trading, of course there are many things that need to be considered, one of which is patience because without patience, of course it is impossible for someone to be able to make a profit from trading because most people who are impatient when trading enter the market without analyzing it first. and immediately choosing a type of coin that is not based on their analysis is certainly very difficult for them to make a profit from trading and it is even possible that those who have little patience will also trade greedily so this is very detrimental and the funds they have will be wasted, so It's a good idea for someone who wants to trade to first train their patience so that when entering a trade they can easily control their emotions when market conditions are not according to their wishes.

I think experience is very important to make money, if we don't have experience we can't make money especially when we are trading. I think trading is the only thing where you can learn from your mistakes. After reading OP's post, I don't think anyone can talk about trading without experience or learning. We get all these lessons only when we step into trading, we get benefits in some places, we get losses in some places, and after that, we understand all these things.

And learning never ends, no one can say that he has learned everything because every new day of life teaches something new. And I agree with you that if we know how to do something, why don't we do it, just like if we have a talent and we believe we can do it, we should keep doing it. One should not leave one's work keeping in mind any fear or danger.

        -      Patience contributes a lot when a trader has this quality, because it avoids or keeps us from losses while we carry out the trading activity that we do to get earnings in trading.
And there are many who have proven this with successful trading in the crypto space industry.

Because if we don't try to have it as traders, our capital will always end up in nothing, and the time and effort we will devote to the coins we choose will be wasted.

You need patience to wait for your loss to turn into profit and to avoid hitting multiple stop losses until you get liquidated. You also need patience to choose the right coin to trade. However, too much patience can lead to greediness and turn profit into loss as well. No reasonable amount of profit is too small.

You are right, someone who has good experience and knowledge will certainly be able to have patience in trading because when they trade, of course they first analyze the market conditions well and wait for the right time to decide to trade so they can have profitable results. they are into trading and I agree with you of course this will be obtained from how often they train themselves to trade and this will not be possible from just studying the theory of trading, when we see market conditions that are not in accordance with what we want of course Of course, this makes us emotional, but we have to remain patient so that we don't make mistakes that result in us experiencing losses in the trading we do.

Patience is not really a big deal but the same time patience is very important because when you don't have patience and you are holding it won't be beneficial at all because you might want to sell at a low price,  experience people won't sell because from the day they start trading or holding because they already know what they want to archive. And they won't rest untill they make profit. The go thing about having a target  is you will want to archive it because everyone's target is to make money that is the main purpose of investing. People need to understand that trading is not luck. You must also be ready to do your best to have the important things in place, to aviod to many mistakes because their will always be mistakes. And the fact that people are to greedy will just make them lose more than they want to gain. So just be patient and not over do things. We know every one wants money but it is better to just take things slow.

This same patience to meet up to your target can still make you lose more than you expected, unless your target is not that high and you have a good analysis. As someone who wants to start trading, you need to keep in mind that your best target is seeing yourself make a profit when every time you see a profit, don’t make it yourself, so fixing on a single target is not what I am saying. You should not have a target. No, you are expected to have a target because without a target, there is no plan, and anything that is not well planned will definitely cause some regrets, and in trading, it will definitely lead to loss. All I am emphasising is that when setting a target, you shouldn’t be greedy because if greediness is involved, you will definitely lose. That is just a true fact. 

Being patient is not being stupid, and when a person is patiently learning how to trade, or maybe the person has already become a good trader, patience needs to be exercised in some positions they take in the market. I am not saying that for a trader to be patient in their trade, they have to experience countless losses. Nope. There are some trades you will enter, and at some point you just want to take profit and end the trade, while if you still allow the trade for some time, you might make more profit. Another thing about patience is that you have to wait for the right market opportunity to come; that's when you are really sure that if you take that trading position, you will make a profit. But if you don't wait for the perfect opportunity to enter a trade, you might run into losses. 

It can be said that hours of flying in trading, it will be something that will be very important because there are some that must be disciplined in a trade, both patience, habits, seeing moments, making decisions and so on as a fundamentalist of a good trade to achieve success, especially in terms of mental it will be quite disturbing and patience will be lost because of losing our self-control when our mentality is affected by market fluctuations, both losses and profits, and emotions will grow.

It is not easy but if disciplined slowly maybe we will continue to be able to make profits consistently with very good patience.

There are no easy things in achieving success, so the things that are more troublesome are actually the methods or paths that need to be taken and must also continue to get used to it so that we ourselves can enjoy the process without considering it troublesome or difficult to achieve. Trading is a job that has risks and it needs to be done better by anyone so that the results themselves can be better even though the crypto market conditions themselves are not the same because there are important moments that we need to see for ourselves.

Traders can have patience in trading as their trading knowledge and experience increases. Practicing patience in trading will not work by just reading theory. when you are in a real position in trading, it will provide valuable experience. and most experience will be more successful than just learning theory.
This means that when we trade more and more, we will feel the real market situation. we can feel real panic and if we fail because of panic, then we learn the lesson that in trading, we really need patience to achieve the planned target.

This is such a right approach, we should consider how we have a plan and while we are waiting for our plan to show up and do better, we may end up with some issues as well, which could cause a little bit of trouble, and I would understand why that matters. However, if we could potentially avoid such a thing, then I will probably try to get a better result with it, and that's how I am trying to approach these things.

If I have a plan, then I will stick to my plan, even if there are drops around the way, hell I will buy even more if it goes down, so I am not going to end up with any problems at all. This is just a simple reasoning, it is such an easy thing to do and everyone should realize that this is the way to make money.

It means that you do not see a good trade to execute just yet, and you do not do it, instead of you do not see any good one, but you do not want to stay irrelevant and empty handed so you do something anyway. These type of advices looks like it is not a big deal, but the reality is that many people are missing this and that's why I think we should remember to do it no matter what.

All in all, I think we need to make sure that it is going to be fun to keep this going, and this is why I think we need to grow bigger and better. After all, why would we not want to do something if we can keep doing it? Meaning that if you want to avoid all of this, just focus on making as much money as you can buy only getting involved when there is money to be made.

Yes, all things are needed to increase success in the analysis we carry out. The things you mentioned are things that need to be done to make us successful in trading. Even though it takes a lot of patience, this might increase the success rate in making a profit. It might seem quite troublesome, because of that, traders are required to be patient, especially when it comes to waiting for the right moment.

This point is only necessary if you don't have a plan on how to structure your trades, what the exit points are, etc.
If you have this plan (and you absolutely should!) then it has less to do with "patience" and more to do with "sticking to your plan", i.e. sticking to it even if, for example, trades go badly or you think you absolutely have to add money to trades that are going well ... and then - as always - immediately turn negative.

Patience is therefore mainly needed for your first 3 points, the 4th point is obsolete with a good plan. Or at least it should be.

Not related but it can only come from within. Can't you see that there are lots of people who complain and fail? This is because they lack of it. Indeed that growing someone or something, especially if you are really curious to see what they will look like after, requires a good patience but even if we don't have it, some things or some one can still grow naturally on their own.

Seeing some nice result is important, even if it's not consistent because it can give someone a hope or a motivation and if they can only see the same thing or they think they are not progressing, they will think that what they are doing is useless and this leads for them to quit. This can be a good decision though and they can try their luck on other things instead.

To be patient in trading means to be logical and diplomatic before diving in into trading in the sense that you must examine and understand the flow, also gather and screen people's past experiences before trading.
Also any money you can't recover from when you lost it, don't put it into trading, because definitely losses in trading is inevitable, so you must be conscious of that and be sure that it is a loss you must be able recover from.

I have heard that first tip at A) from an old friend of mine and told me that before. But he used it to in a wrong way, not that he really used it but we're both tricks when the internet scams were rampant for ignorants like me decades ago.

Although these scams are still rampant nowadays. It was way different before when no one was there to teach and guide you to avoid them.

Patience means a lot and everything in trading and investing, you will not just learn that attitude towards your trades but also in personal life.

Patience is important but I think we shouldn't be having too much patience all the time as we don't know how the market wants to move. Sometimes the market will be giving us a sign that the market is going to dump and if we don't get the signals on time, we might be caught in the market and we lose the trade. If the market isn't going according to your reading, you need to end that trade and try again some other time. You don't have to make profits every time that you're trading. You can have addiction to trading and you're losing just because of having patience at the wrong time. Patience gives you profit when you get your timing right. People have lost money while trading as they didn't do their calculations right on leaving the maker. They decide to give it some time and lost.

Well, patience is correlated with almost everything we do in life as we grow up. Parents have to carefully take care of their children while patiently waiting for them to start walking, talking, and feeding themselves with their hands. Someone has to go to school and patiently keep studying until they graduate after 2 to 5 years of studying. One has to apply for a job and be patient until they are hired. 

Almost everything we do requires patience, because being impatient can result in getting a bad result or not archiving a goal that was meant to be archived. 

A trader needs to have patience, learn how to trade, experience some losses, learn from their mistakes, and so many other con and pro's, and after they have surf through, they can become good traders. 

Still more to being patient while trading. If you’re too excited with the market showing you good signs even when your analysis have not given you the go ahead is a big means not a good virtue of a good trade that should inculcate patience into themselves before trading. The market is very tricky but if you always stick to your plan, you’ll always see good results coming in your trades. If you’ve a plan that works for and always wait patiently for that set up to play, you’ll incur less loss and more wins in the market. You just have to be patient to perfect your strategy and try it out and when it works, you’ll begin to see changes in your trade for lifetime.


Waiting for trades to hit target is one of the most important thing many traders lose out on while trading. When they’re winning, they’re eager to close the trade before hitting their target even when their analysis is still validated. Then when they’re in loss, they are in haste to close the trade because they don’t want to lose the money. A good trader should know how to abide by their stop loss and take profits target whenever a trade is placed.

Yes, it is exactly like that when we talk about trading, the first thing that comes to our mind or the first thing that we are taught is that we have to learn and understand these things first. You have to be patient, wait, and not panic, and traders who learn these things eventually emerge as successful traders.
But one of the most important things is to strike a balance. I think even for those who wait, trading is ineffective because they wait so long for the right time that the right time comes and goes, and they are not able to make their profit.

There is a great need to learn to balance things while trading, we have an idea of directions, we can make decisions at the right time, and we can still become successful traders. Those who are uninformed and unable to make decisions at the right time can never become successful traders.

Everything is all about patience in trading, its one of the most important things you need all through your trading journey. the more you advance in the journey the more you see the importance of patience and the more you are able to remain patient before trading, after your analysis, waiting for set up to play out, waiting for trade to hit target.

Not suggesting holding altcoins means that you are either talking about just lower ones, or you also mean the big ones too? Because I would highly suggest holding ETH for example, ethereum is a great coin and I think I will buy more and more of it if I had the money, do you mean people shouldn't hold that too? Or do you mean like low cap ones or meme ones etc?

I have about six altcoins in my portfolio, totalling nearly 50%, most of that is eth of course, while some others are bnb, sol, matic, avax, ada so they are quite good if you ask me. I have some "dust" ones here and there too but they do not total like 10 dollars all combined so I do not consider them as investment. I suggest holding good alts, they are usually very good.

Trading is not about rushing to make quick profits and trade even without prior learning in the market, but it's all about building your own skills and strategies in trading in which you can only achieve if you can take time to learn and become more patient without putting pressures on yourself to earn instantly. Trading is certainly hard and quite tough, that's why you need to give it a lot of time to learn and build good and bad experiences because that's the only way so you can be a good and reliable trader in the process.

Trading is not easy to get profit and not easy to hand the trading. Traders will be know about the trading process. We need to tack the time for trading process. Patience important for the trading process. So don't lose the trading hope. It any time to increase the price value. Tack time and trade correct move then will be wait for some time. Time is important for the trading process. So time to acct. Patience is important for the trading investors.

Actually, in other to be successful in trading, you definitely need to be patient, And it one of the major reason traders lose money, they can't wait for the right set-up, they don't know that it's very important to treat trading as hunting, where you will have to wait for hours so as to make a catch, that's what professional traders do, they just don't trade because they feels like it, they only trade when they sees opportunities.

Lastly, if as a traders you can't wait for a candle sticks to close before making decisions as a price action trader, then just know that you aren't ready to make money in trading, you have to wait till all your fact and analysis are right, before opening a trade, so in essence is that patience is as important as knowledge on technical and fundamental analysis, risk management and knowing how to control your emotions.

This is a very good analysis on why patience is the most key attribute for any trader. We are going to realize soon enough that we can't make it work any other way and if we are patient then we are going to be a lot more richer in the end.

So, this is why I think that people should be aware of the fact that it is going to take time to be good, and it is not going to be easy, but if you know what you are doing, then you are going to end up with a lot more, and that's the most important thing. Waiting, and not rushing will be key, and I see a lot of people who can't wait to start trading when they haven't learned anything, or can't wait to make a trade when they haven't found any good ones, so it is quite true that we are talking about people acting too quickly when they should wait more.

Continuing to learn and practice trading, of course this will help a trader's self-confidence and as you said, this cannot be obtained easily, of course they must be able to be patient with every process they have to go through so that they can have confidence in the knowledge they have.

When someone does copy trading, of course they don't believe in their abilities or their mistakes in understanding trading, of course this is very detrimental and it would be better for them to learn again so they don't continue to experience losses.

In trading, of course, patience is needed so that you can analyze first before making a decision and when they have made a profit they can take the profit they have made and don't let them be greedy in trading which will cause them to lose.

In general, patience is the key to success in trading. When you don't have patience, most likely you also lack discipline and self-control which will definitely make you lose from your trades. This is the reason why trading makes it more hard and tough, since not everyone can be patient enough when it comes to trading while dealing with such an unpredictable and uncertain market.

That's right, everything that is done without being based on knowledge can be assumed to be gambling, therefore this is the reason why a trader is always advised not to put limits on learning, or what this means is that a trader is always advised not to give up when it comes to learning. learn, because as long as the market moves there will always be new things that we will discover, and the benefit is clear that by always being willing to learn various things, especially the habits that a market has, it can help us in making decisions when it turns out the situation is moving. the market is happening again.

Profits in trading are not based on luck but rather are based on how skilled you are at executing every situation that occurs in the market, and obviously you will only know what decisions to take when you have knowledge that will tell you about where the market is heading. will move next, although there is no certainty in terms of profit, by doing this your chances of profit can be higher, and the point is, don't treat trading like gambling.

Every trader needs to build a level of trust in their abilities to trade effectively and this trust is not built in one day. A trader who does not believe in himself and the strategies he is putting forward will end up making the wrong decisions due to too much guess works or over reliance on copy trading and live all his life copying other people's patterns.

A trader needs to equip himself with the right information all the time so he can trade without neccessarily involving emotions that will ruin his trades. But when a trader becomes more concerned about earning than learning, he will be creating strategies that will maximise his losses. A trader needs patience to strategize.

As a trader, I think everything in trading is patience from the start of the journey till when you start making money out of it because it is not easy to be losing sometimes and can’t give up, although all your points are very good and I agree with them, but when you are in trading or at a point of trading, many things are here that you mentioned, and that trader won’t remember them again because by that time many things have been in his head that he really wants to see that he makes money out of what he is doing at that time.

But one thing is for sure: as a trader, once you are into trading and you have professionals in it, believe that regardless of how bad the market is, you will not make any wrong discussions because you have the knowledge and how it works, so definitely you will mind how you trade and also control your emotions and get out of greed at that time.

Most of this theory are even hard to remember when you engage in real trading because you don't even have enough space on your head to put this on and on but I agree with the point mentioned patient, if you don't have it in trading, you will definitely lose money more than you can ever imagine.


Rushing to set up a trade without understanding the direction of the market or have the chart is pure gambling and gambling is assumption which can either lead you to success or failure but most of the time if the market is unpredictable, you will definitely lose money.


This your last part is subjective to market bullish. It's not all the time you get the opportunity to hit your targets, this is why it's good to have trailing profits in a uncertain market because even when you don't know what's next on the market, you will always have profits to take but if you insist that you must take profits at your target, you might not get the chance again especially in a smart market when people didn't fomo.

When we trade, before we trade, we must first gain good knowledge about the trade, then we have to trade. Patience is one of the most important factors in trading, many times it is seen that many big traders also lose patience so patience is very important, patience should not be lost. If we can trade with patience and long-term planning, we can certainly achieve a lot of success through this trade, which will make us very interested in trading more in the future. There are many traders who lose patience in the slightest and lose more than they gain due to losing patience in the slightest. I would say to the newbies that they must acquire enough knowledge about trading and trade patiently with a long-term plan so that they are more likely to gain than lose.

They can try to be patient when they actually need to exit the market and unfortunately in contrast they try to exit the market panic when they should hold tightly.

They will be tested and challenged by the volatile market before they have enough experience and understand about the market enough to have diamond hands for holding tightly. They will be able to choose a good cryptocurrency for holding, it's Bitcoin. It helps them to be less fearful with holding that is impossible with altcoins.

If they can not hold bitcoin, they won't be able to hold altcoins but let's say it rightly, I emphasize that I don't recommend to hold altcoins.

Trading without patience will never yield a good result because everything about trading is patience.  In trading we learn to make things right just to avoid some loses and learning in trading can only be possible by patience,  if their is lack of patience it is impossible for one to have the patience to learn. Discipline is another factor  that can't be taking for granted , patience is needed to be discipline. In making profit from trading one needs to be very patience. Understanding the trading market is all about patience and If one is not having patience it will be difficult for one to stick to one strategy because one can think they need to work with all  strategy to make profit.

Patience is the key to success... unfortunately, not all carry it out, they get bored after a few days. And why is this happening? Because this is not simply to be acquired, most of us want instant so no wonder why most traders fail and lose their money like a bubble.

Honestly, it is easy to understand the importance of being patient but what will happen is a big opposite. All we can hear is "I'll be patient", and "I could wait the right time" but after a few minutes, it is all done, we sell them due to panic.

Therefore, if we think can't handle the pressure of trading, better leave and not trade because it is hopeless to aim for success if we don't see how important is this.

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Patience is the bedrock of a good crypto trader. When you're looking, when you're winning. Patience is key!!.

You need to be patient even when your futures or spot have unrealized PnL 

I think it's pretty important as well to add into your list because the reason some people might just go all-in with all their capital disregarding common sense is because they become tilted that they just decide to go big or go home due to getting tired of losing.
Have seen plenty of people doing exactly that honestly, and it's always the main reason why some people after losing in trading don't come back again to make up for their losses.
Many people also getting so scared with their investment when they see their portfolio is all red, but i've learnt first hand that sometime just wait it out to comeback in price again do wonders.

Although it is good to allow your trade always hits the target, it is not compulsory that you must let your trade always hit your target profit.

 There are sometimes, in special circumstances that you could bail out of a trade once you feel comfortable enough with the profit that you have made from it.

You have made some significant points here because market is a waiting game, waiting game in sense that it involves being patient as you've made mention, However, in addition to the above point, Sometimes isn't always like that ,that is being patient until your trades hits tp, there are times you have to close up your trades when it hasn't hit take profit target, and this is base on the changing market conditions that could alter the initial trend of the market, such as war events, Geo-political events and economic news,

Traders also need patience and remember that they cannot make all the profits they are looking for in a  single trade, it takes time to build their capital, so assuming that their goal was to multiply their money 10 times then they need to give themselves several years to reach this goal on this market, but many traders want to achieve this goal in just a few months, and this is not possible without assuming massive risks, to the point I could say that person is not trading anymore but gambling.

Patience is one of the things that a trader must have if he wants to become a successful trader. because without patience everything in trading will only result in more losses than profits. This includes the problem of perceiving profits obtained every day. Don't be too greedy by continuing to hope for more profits after we have some profits. We have to be patient not to enter any more trades after making several profits. Because usually when we have made a profit in trading, we tend to want to return to trading immediately and hope to get more profits. And a pro discipliner for that matter. Namely, they have determined a daily profit target. And if this has been achieved, they can rest and only return to the market the next day. And to do this requires a lot of patience to wait for tomorrow. Because most beginners become too ambitious and spend too much time in the market and they end up losing the profits they managed to get initially.

Hello
I agree that patience is the most important key in trading each point you have mentioned underlines a vital stage of the process. Trading is so risky and the markets can be volatile at any time. So we all have to take decisions with patience no matter what the market conditions are while trading. Its essential to stay calm and stick to your strategy but I want to add that the market environment can change and strategies that work today might not work tomorrow.

Patience can be interpreted as part of discipline which is important for traders.

A trader can not succeed in trading without good discipline, of course knowledge and experience are important too. If you are not disciplined, you will arbitrarily do your entry and exit in the market like FOMO with purchase and panic with entry, don't cut loss, hold to die with big loss.

Discipline, patience are one of most important factors but before that, make sure you spend enough time for learning on trading. With good knowledge and discipline, you will survive in the market and gain more experience that will help you to be more successful in trading.

Don't do trading unduly because it makes you more easily lose money.

Between trading and investing, I recommend investing that is safer, more comfortable, less headache and you will also have more time to enjoy.

I think you need patience for everything because without having patience you will be messing up your trades. You do not have to be in a rush to end your trade when your targets has not been reach and always stay on track with your goals and not leaving the market before your targets are reached. You need patience when learning how to trade because it can frustrate you at times. You also need patience when starting to trade newly as you will lose some of your first trade but it is your determination and persistence that would help you turn into a professional trader. You are going to make mistakes but learn to have patience with your learning process and you will turn out to become a very good trader that makes profits not always losing.

        -      You know, in trading, if you are going to have patience, you should also accompany it with self-control or discipline, and above all, don't let our emotions control us; instead, we should be the ones who control it so we don't lose focus.

There are a lot of people who fail to control their emotions incorrectly, which usually happens when other traders get carried away by their emotions, which is why the result is that they sell their holdings of crypto assets at a loss, thinking that they will not rise again. .

When we are just that starting then it would really be that normal that we would really be testing out different variations on which this is something normal.The thing that you should really be that be careful is on the moment that you are making such decisions on which it would really be always recommended to reassess on whatever things you encounter so that on next time, you would really be able to make yourself do know on what you gonna do next It is really just that depending on someone approach.

For me on which patience would be relevant is on the time or moment that you do make yourself wait for the right entry or exit.
This is where patience would really be tested out.You would be able to find out along the way.

It's on how you will manage the risk, people tend to make trading without proper execution or plan with their trades, which is one of the basic fundamentals that a trader must need to prepare for the position they keep watching, yes every position you made there's a profit but if you feel doubt with your position and you know there are some changes with the market now its up to you if you keep willing to take a risk or not. Base on my experience in trading ill do make a position and keep an eye until the signal or pattern given to me with the help of the indicator that's the time ill go entry, I will not make a move that will just become regrets and waste of money.

I agree with A and B, C is a repetition, while D is not true for all trading conditions. It is not a must you have a target, instead, you may have a trading goal. I am a flexible trader so I do both. There are times I have my target (either placing the TP or closing it manually) and there are times I have my goal (for example: to close the trade when an opposite outlook is seen on the chart). There are other examples like when scheduled news is about to be released or released news is not in the favour of your position, and many more.

Yes, I have one. Be patient when you are facing overall challenges in trading. "Rome was never built in a day." Perseverance matters and it gets better over time.

Using low leverage also means patience. Using just little amount of money to trade also means patience. Another important one which you mentioned is to enter the market at the right time. Some traders will enter the market at the wrong time.

There are time that you will enter the market at the right time but the market will still be against you. This is where low leverage and using the money that you can afford to lose is very important.

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."

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

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.


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.


Do you have something to add?