I have been watching my friend very closely; he was very impatient with trading. And this impermanence keeps him at a loss most of the time, which is really very frustrating and sad for him.
Because he spends his entire salary on trading, which over time earns him (supposedly 0.001) cents.
Not that he didn't know much about trading, but his elusiveness was the reason for his remoteness.
Seeing my friend's behavior like this used to make me feel a lot of fear and annoyance towards trading or cryptocurrency.My reluctance to trade developed even though I had not started trading then. Again, I had no idea about crypto world.
But I made this mistake after joining the community. There are frequent posts about trading on the "Trading Discussion" board in the forum, which is indeed very useful.From here, I can learn how to be patient while trading, control my greed, not spend all my money on trading or cryptocurrencies, and start trading with money that I can't afford to lose.
Although I still have a lot to know and learn, I tried to teach and explain to my friend what I learned from here on how to be patient while keeping your greed in check in the world of cryptocurrency. and how important it is to be patient on this platform. But he avoided these words of mine with much mockery and showed reluctance, which greatly insulted and pained me.
But a few days ago, he came to me on his own to learn about cryptocurrency and trading, which was a complete surprise for me.What's even more surprising is that he is now a registered member of the community. And l also read several posts on the forum saying that he is now much better than before, patiently trying to work on crypto, which I'm really glad to hear.
I agree that patience is crucial for success in cryptocurrency trading. Your friend's experience highlights this well. His initial impulsiveness led to losses, while your guidance and the community's resources helped him develop patience, leading to positive results.
Having someone to guide you initially is imperative I feel. I myself experienced several ups and downs during my early trading experiences. And they highlighted to me the importance of patience. Witnessing the impact of impulsiveness led to how I trade now. By diversifying a minority while strategically rebalancing, I prioritize consistent growth over fleeting profits. And this is something I learnt through patience and several mistakes. Many of which I could have avoided with a mentor
If you’d like to discuss this further, you can contact me via my Discord:
https://discord.gg/2TFSrzunK3