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.
Whether small or big capital, as long as you are patient, have the required knowledge, know your strategy, and make good analysis, you will be able to make a profit. But what you need to understand as someone with small capital is that, in trading, your capital determines your profit.
So, when trading with small capital, don’t be greedy or think you will win big overnight. You just need to take your small profits and be consistent. That consistency will help you grow your capital over time. However, this is very hard for traders with small capital to do, as they often think others are making it big while they are just wasting their time.
In such situations, they start trading without analysis or a proper strategy. They become what I call gambling traders, because they trade like they are gambling. From that, they end up liquidating their accounts and begin saying that trading is a scam and just like gambling, when in reality, everything that happened to them was caused by their own greed.