A lot has been said about patience, which I quite agree with. However, we still need to be able to differentiate between when a trader is just wasting his time and when patience is indeed what he needs. I am not fully grounded in trading, but I still understand that there are some self-acclaimed traders who don't know what they are doing. They are obviously losing money but still giving themselves hope that all they need is patience. With these kinds of traders, I see no difference between them and gamblers.