Post
Topic
Board Trading Discussion
Re: Step you have to take before venturing into the market
by
TimeTeller
on 21/01/2024, 08:04:33 UTC
(2) you must learn how to be patient: without patience it's nearly impossible to be successful in the crypto market, that is one of the virtue required in the craft.

Acquiring the knowledge and applying it in your trading with a proper risk management strategy in addition to having patient with your trade can be a strong weapon against the market psychology which can be deceptive to new traders that  may have acquired the knowledge quite well but lacking patient with their trades, that at the event of unpleasant move of the market  against their trade they get too quick to take profit instead of being patient with their trade for the greater success of it that lies ahead with time. Some even out of fear exit the trade with a loss.

Patience is indeed needed in this market because it is not an overnight task to learn things.
Those tips and strategies can be learned throughout the years of your experience.
And do remember, each project is unique, thus, it is quite difficult to apply your learnings. You still need to assess every situation.