Post
Topic
Board Trading Discussion
Re: What does patience mean in trading?
by
RockBell
on 13/07/2024, 21:56:46 UTC
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. 


Patience is not really a big deal but the same time patience is very important because when you don't have patience and you are holding it won't be beneficial at all because you might want to sell at a low price,  experience people won't sell because from the day they start trading or holding because they already know what they want to archive. And they won't rest untill they make profit. The go thing about having a target  is you will want to archive it because everyone's target is to make money that is the main purpose of investing. People need to understand that trading is not luck. You must also be ready to do your best to have the important things in place, to aviod to many mistakes because their will always be mistakes. And the fact that people are to greedy will just make them lose more than they want to gain. So just be patient and not over do things. We know every one wants money but it is better to just take things slow.