Post
Topic
Board Trading Discussion
Re: Patience is the most important thing
by
Traslavin
on 06/09/2018, 11:16:50 UTC
In this market, there are many people who are fear of missing out (FOMO). You always be patient. If you believe you have missed an opportunity, do not try to join if you are unsure. You can lose more than earn. Crypto is a 24/7/365 market. You can not catch every trade. If you miss one, do not worry - there's ALWAYS another trade.
What is even mostly important in the crypto environment is to be fully equipped with knowledge to help inform your decisions. A lot of people do not have this, and without that, there is absolutely no way you can even get to be patient enough to take advantage of the long term prospect of the market but would rather be focused on the short term and panic for no reason.

For every trade, it is always important to know what you are doing and have a strategy which if not playing out, there should be no form of emotion, but you should know exactly what to do at every point in time.
Yes it's true and I truly believe that your knowledge about the crypto business is the main thing taht could bring you to the success that you are aiming for. And also, I would like to highlight the importance also of getting a lot of experiences that could be your source of information on how you could survive the another level of trading of yours.