Quote from: Oilacris on August 03, 2024, 07:59:23 PM

Quote from: laubeaud on July 09, 2024, 10:41:47 AM

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."

B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.

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.

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?

Patience is everything or something that would really be relevant or something which is really that something important. Why? specially on the time that you would really be trying out to secure your profits or hitting up your take profit point then waiting game will really be the precise condition that you are into. If you are that short tempered or wont be having patience then you will really be able to disrupt your initial plans. This is why it would really be that relevant that you should really be considering out this aspect. Same goes when you are really that losing money too on which it would really be that relevant that you should really be that holding up your position and on the moment that the market will really be making some correction or price decrease then you cant really just that make yourself making those cut losses decision just because you are really that being scared? Sooner or later you would really be able to mould up yourself into a better trader on the time that you do gain sufficient experience about this market. Making yourself that too easily disrupted on things even on the slightest unexpected results or outcomes will really be leading into further deeper problems.
This is why it would really be that something recommended that you should really know on what are the things that you should gonna do so that you wont really be ending up on getting devastated on the moment or time that tough situations might come which is something that will really be inevitable.

Patience is a great contribution to all traders who carry out trading activity. Because of this, it depends on the realization of our target plans for when to sell the crypto assets or
bitcoins we hold.

Of course, if you don't have patience, when there is just a little drop in the price of bitcoin or cryptocurrency, our goals of making a lot of money in the crypto trading industry will
definitely not happen.