Post
Topic
Board Trading Discussion
Re: What does patience mean in trading?
by
Z_MBFM
on 26/07/2024, 05:26:25 UTC
As a trader, we need patience while trading.

In trading, patience is required at four levels:

A) You need patience to learn how the market moves and how to trade it—"Learn" first before you "Earn."
True and i agree with this

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B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.
This is an important things but not necessary for every moment

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C) You need to be patient and wait for your setup or the right opportunity. Be a sniper, not a machine gun, opening trades at each market movement.
Trading is totally a matter of patience as it is not gambling.  Gambling gives quick results but in trading the movement of a coin takes a lot of time.  So if you want to make a good profit from here, you have to hold patiently until you get the profit

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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.
True and i use this strategy...

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Do you have something to add?
Trading with low leverage rather than being too greedy when trading futures is also an example of patience.  And in addition, controlling yourself without panicking even after seeing the bad situation of the market can be an example of greater patience.