Post
Topic
Board Trading Discussion
Re: What does patience mean in trading?
by
Egii Nna
on 13/07/2024, 20:29:55 UTC
D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.


This same patience to meet up to your target can still make you lose more than you expected, unless your target is not that high and you have a good analysis. As someone who wants to start trading, you need to keep in mind that your best target is seeing yourself make a profit when every time you see a profit, don’t make it yourself, so fixing on a single target is not what I am saying. You should not have a target. No, you are expected to have a target because without a target, there is no plan, and anything that is not well planned will definitely cause some regrets, and in trading, it will definitely lead to loss. All I am emphasising is that when setting a target, you shouldn’t be greedy because if greediness is involved, you will definitely lose. That is just a true fact.