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."
The problem if many newbie traders is that they are impatient in learning how to trade and because someone is profitable, they think they can also be profitable. Apart from learning how to trade, it is nice to understand that trading is not for everyone.
B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.
Many wait to see a bullish market and rush to join it, not knowing if it will end immediately you join.
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.
This affected me when I was trading. I do not allow my strategy to completely play out and I will hastily obstruct it, and may later regret it in some cases.
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.
Leaving the losses to see if it will recover and taking profits from winning and see it go higher is a pain and regret.
Do you have something to add?
Trading is not for everyone, first check if you are emotionally strong to trade.