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 holds a lot of importance in trading, because even if it doesn't make you lose money, it will surely make you lose your profits. However, a lot of people have a hard time differentiating between patience and greed, and that's a big problem, which causes problems as well. You see, patience means that you stay calm and collected, without panicking or anything, and wait for your target to reach, and once that happens, you make an exit without any second thoughts because you have achieved what you wanted, and that's how it should be.
However, some people don't do it that way. What they do is that they keep waiting even when their target has been reached, only to see if they can get more profits or not. I know, it happens a lot in trading where you close a trade, and then you see that if you hadn't done that, you could get more profits, but remember, when you don't do it even when your target is reached, that's greed and not patience, and most of the times, it can cost you, and your target can be missed even when it was hit already.