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.
Patience in trading is one of the most important assets a trader must have. Because actually trading in all stages requires patience.
Before trading, we have to analyze the market both from a technical and fundamental perspective. And we have to be really patient before finding a suitable analysis or a suitable trading pair that we can enter. Or sometimes we have to be patient enough to wait for confirmation of a reversal or confirmation of a chart pattern forming before deciding to enter.
Impatient traders are those who every time they see the market they will immediately enter without waiting for confirmation of the direction of the market trend. And those who don't have patience tend to be careless people. And in my opinion, the most difficult condition for us to remain patient is when we wait for our entry to be filled and the market seems to move away from our entry. Sometimes we are not patient enough and try to chase the market which ultimately ends in losses. In fact, we must always be confident in the analysis we make, namely that we have analyzed the entry points well and the time will definitely be filled as long as we are patient.