Post
Topic
Board Trading Discussion
Re: Patience Is A Trader's Virtue
by
Kemarit
on 16/12/2017, 15:01:35 UTC
Patience Is A Trader's Virtue
Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader.



Oh dear, you don't have to preach it. Everyone knows that already, but yes its the most difficult thing to do, but I don't consider them skills though, I think its more of a mindset or feelings rather than talent or skillsets. From my personal perspective its one of the most difficult to control, like greed. It takes mental toughness to overcome it.

Patience Is A Trader's Virtue
Although the best investors and traders understand the importance of patience, it is one of the most difficult skills to learn as an investor and trader.


Like patience, it sounds like a very easy thing. Like if you see the definition of the word , it just means wait and actually you don't have to do anything when your waiting. This sounds easy but everyone has an anxiety which doesn't allow them to be patient. Actually patience needs alot of skill and self control. People might easily say that they are patient but when they will have to actually test it they will probably fail .

Yes, its not easy as it sounds. Most people are very impatient and if they go trading, they will be having a hard time to control it because they are used to be like that. And as a result they lost and just quit trading for good. I don't know if it can be self taught though. But I guess through practice and experience, maybe there is a chance that you can learn to control it if you have been trading for so long already.