Quote from: palle11 on November 19, 2024, 02:07:29 PM

Also peace of mind comes with profit. If you are not profiting as a new trader then you won't have such peace and you are likely to keep rushing into the market often and running out almost immediately and losing your funds until they are gone. So while we seek for peace of mind in trading, we need to be patient and wait for the right time to go in.

Patience is very important for traders because there are many opportunities for we to make profits but we are not patient to wait for the appropriate time to buy or to sell. We buy with fomo and we sell with fud because we begin to fear that the market will fail and put us in losses. Patience helps alot and can make you lots of profits. People that were afraid and sold earlier did not enjoy the profits that Donald Trump winning the election brought for both Bitcoin and altcoins but for those that had a little more patience and was still hodling has benefitted. For those that will be afraid and sell again before we reach the highest price for this bull market, they are going to be those that will lose since the market still has a long way to go before it gets to its peak.