Post
Topic
Board Trading Discussion
Re: The importance of patience in trading
by
Barikui1
on 04/05/2025, 06:07:46 UTC
Just like they say, the patient dog eats the fattest bone, some will say the patient dog does not eat the fattest bone again oh! But, you cannot over emphasis the importance  of patience, in trading as most people loss to the market because for  lack of patience.

Why most people loss to the market is because they enter the market anyhow without carefully analyzing the market from the different time frame.

Also, waiting for your analysed market to come to play before entering the market is also very important, most persons in trading just enter the market because, they see a downward trend without carefully analyzing the real market structure and waiting patiently for it

As long as trading is concerned, patience is one Vital thing that must be carried out if you want to be successful in it, but take note that it's not the only skill required to be successful in trading, because if you can't get your analysis right, your patience is useless, and it will bear no fruit because you will keep on losing trades.

Quote
[b[ A good capital is also needed to trade the market to be successful, [/b]but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.
Don't you think that it's unwise to trade with huge amount of money when you are still not perfect  or profitable in the craft?
In my own opinion what wise and informed traders do, is trading with an amount they can afford to lose, so that their emotions can be in check when trading, because no matter how good you are in technical and fundamental analysis, or how patient you are, if you can't control your emotions when trading you are bound to lose money constantly because you will be making stupid decisions that you wouldn't have made if your emotions is in the right state, but if you can afford to lose that good capital as you said, it ok, because the most important thing in trading is keeping your emotions in check and not be making emotional decisions, because that's the fastest way to lose money in trading.