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 would be test out on different situations.
1. Patience on waiting for the right set up whether on entry or exit
2. Patience been tested out whenever the market dumps and seeing your port going lower or deep reds
3. Patience control when emotional aspects being that affected
All of these things are the positive aspect but we do know that it does have that negative too.
1. Too much patience will lead into missed out opportunities
This is why its always been best that you should know on how to balance up things accordingly. Everything which is too much will be always bad and you should look out for that.
In overall, having that good control when it comes to your emotion or simply with patience does give out that positive impact rather than on negative but just like been said that everything's too much
will be bad and thats why you should be watchful with that in order to lessen up the risks of committing out mistakes or missed opportunities.
It will be just that too impossible that you cant be able to determine with those possible lapses specially if you have been able to experience it out earlier or in the past.