Post
Topic
Board Trading Discussion
Re: What does patience mean in trading?
by
irhact
on 11/07/2024, 20:34:14 UTC
Everything is all about patience in trading, its one of the most important things you need all through your trading journey. the more you advance in the journey the more you see the importance of patience and the more you are able to remain patient before trading, after your analysis, waiting for set up to play out, waiting for trade to hit target.

Patience is important but I think we shouldn't be having too much patience all the time as we don't know how the market wants to move. Sometimes the market will be giving us a sign that the market is going to dump and if we don't get the signals on time, we might be caught in the market and we lose the trade. If the market isn't going according to your reading, you need to end that trade and try again some other time. You don't have to make profits every time that you're trading. You can have addiction to trading and you're losing just because of having patience at the wrong time. Patience gives you profit when you get your timing right. People have lost money while trading as they didn't do their calculations right on leaving the maker. They decide to give it some time and lost.