Quote from: OcTradism on September 23, 2024, 03:55:28 PM

Quote from: nara1892 on September 23, 2024, 03:51:02 PM

Exactly, patience is indeed one of the keys to success in anything as you said, but what always triggers problems that befall traders, especially beginners, is that they seem to ignore this important thing, they seem to be in a hurry when trading, maybe because they are impatient to get profit, even though it is clear that in trading the possibility of loss is also another thing that will remain involved in addition to the opportunity for profit.

Patience only works well if you use your patience properly.

If you open a bad trading position, but hesitate or don't want to cut loss and close your bad position, but in fact you want to patiently wait and hope that the market will move and change your bad position to a good one, with profit, it's very terrible. You can lose big money or your position can be liquidated if you use leverage.

In investment, have patience does not always help you getting profit. It is only helpful if you already chose a good cryptocurrency to invest, for example and in my recommendation, it's Bitcoin. If you invest in a shit coin, but patiently hold it, you will get loss, or big loss.

Well that's right, although patience is something that is always recommended for a trader to have but it will only be useful if they use it correctly, like the scenario you mentioned when someone is wrong in applying patience when they are in a wrong position and instead chooses to be patient and hold the position with high hopes which ultimately leads them to a large amount of loss.

On the other hand, by discussing this matter, I think a trader must first know and understand what they are facing, at least know the simple things that trading is risky and maintain awareness so that they do not make mistakes in applying patience, because if you know about how to apply patience correctly then I think no matter what coin you trade you will be able to manage and apply that patience properly and correctly.