Yes patience is one of the key but investment is not just all about patience. Let's give an example, we may say that you are the most patient person in the whole world but you do lack of experience and knowledge on how you are going to grow your investment still that doesn't make sense. In investing, it should be compose of those things that you need. And always invest what you afford to lose.
Exactly. Not every investment will involve patience. For example, if you have invested $100 into Bitcoin today, and then you decide to wait for its price to increase, there is a possibility that its price could fall due to its volatility, thus making you lose the opportunity to profit. However, when you see that Bitcoin's price rises more than what you've initially invested, you should sell your Bitcoin immediately to see returns on your investment.
That is why every investment, involves executing it at the right time to avoid undesired results. Still, there are some investments which require you to be patient but not all of them will work that way.
As you gain experience with investing, you can help minimize risks by trying out new strategies that will secure your financial future. Always seek out advice, and try to invest the minimum amount of money possible, to stay safe. Just my thoughts.
