Post
Topic
Board Trading Discussion
Re: The importance of patience in trading
by
Joy- maker
on 04/05/2025, 18:15:19 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

Patience , does not only imply entering the market alone.  A good capital is also needed to trade the market to be successful, but patience is also needed to transform that your small capital to a big one, by gradually making profits  to a huge sum.

Hence, in the trading space patient cannot be over emphasis if we must be a good trader.
to be patient in life is very important, but in this case  I don't think trading is working hand in hand with patient, because trading has to do with making quick decisions and reacting to the market fluctuations at the right when you have already place a trade to avoid losing money, and  for me where I think patient is really needed in this crypto space is when you are investing in a coin e.g bitcoin for long term.