Post
Topic
Board Trading Discussion
Re: The importance of patience in trading
by
LogitechMouse
on 05/05/2025, 13:00:09 UTC
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Hence, in the trading space patient cannot be over emphasis if we must be a good trader.
While patience is a big factor when we are trading, I guess let's also not forget that patience ALONE isn't enough for us traders to be profitable in trading.
We need more. We need skills. We need knowledge. We need experience. We need capital. We need a trading strategy that works for us.

I'm proud to say that I'm one of those many traders out there that are impatient when trading. TBH, it's hard to be patient especially when you're just day trading, and there are times on my part where even I'm scalping on a 5M or even the 3M or 1M timeframe, I'm becoming impatient as well.

Luckily, with the help of experience, and those losses that I incur because of being impatient, I learned from it, and I'm more patient now than ever. What I'm doing is just scan the markets, look at possible entries, put a stop-loss and take profit, and close the app(mobile)/website(PC), and that's it. What I realize is that, the more I watch the market, the more impatient I'm becoming so I'd rather just put the stop-loss and take profit, and hope for the best. At the end of the day, trading is all about probabilities. If I win, I win. If I lose then something is wrong with my analysis.

Learning being patient is hard based on my experience, but it isn't impossible to learn. Losing because of being impatient will make you realize your mistake hence, you will learn from it especially if you really want to be profitable in trading.