Post
Topic
Board Trading Discussion
Re: What does patience mean in trading?
by
ancafe
on 27/07/2024, 03:17:23 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.


Do you have something to add?
In all aspects we need patience for someone so as not to run something greedy. Especially in trading that requires money to live it, patience in trading includes many things. For example, such as using sufficient money responsibly for trading and using low leverage as an effort to minimize risk. Of course there are many other patiences that need to be improved so that trading does not produce losses because greedy will not give you a victory.

In essence, we have to be patient when we are in trading because the market changes so fast and sometimes does not match the previous analysis. When you have patience it will be much easier to control trade because usually greed will cause an detriment in trade.