Post
Topic
Board Trading Discussion
Re: Patience is the most important thing
by
pundit
on 22/09/2019, 10:49:38 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.

The main problem with the traders and particularly day traders, they are not patient to find the right setup. Every trader should know market is is always there and opportunities will keep on coming. If the trade is triggered at the right time, it has higher chances of profit. Even exiting trades needs lots of patience. Some time people get panic if trade goes negative and close it in loss and the other day the same coins starts increasing crosses the buying price. If a trade is taken with planning and it is monitored with patience then it has higher chances of giving profit.