What does patience mean in trading?

[laubeaud]

As a trader, we need patience while trading.

In trading, patience is required at four levels:

A) You need patience to learn how the market moves and how to trade it—"Learn" first before you "Earn."

B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.

C) You need to be patient and wait for your setup or the right opportunity. Be a sniper, not a machine gun, opening trades at each market movement.


D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.


Do you have something to add?

[EluguHcman]

Do you have something to add?

Patient is an utmost required personal skill in the Crypto industry with the acknowledgement that you need to follow the market trends and not the market following your trends.

The crypto market is an advent where patient to hold your assets and taking good studies based of market sentiments of when to buy and when to sell in other to make profits.

You will also need time as patient to do your researches and enquires before taking a drastic action towards your trade or investment because going faster than the market requires may end you up to regrets.

[jeraldskie11]

D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.

We don't always look at the chart because most of us have other stuff to do besides trading. So it's better to put a stop loss immediately when your entry was filled so that you don't need to look at it from time to time. It's also saves time and lessen stress.

[MrSpasybo]

As a trader, we need patience while trading.

In trading, patience is required at four levels:

A) You need patience to learn how the market moves and how to trade it—"Learn" first before you "Earn."

B) You need to have patience and do a thorough analysis before taking a trade. Do not rush into trades.

C) You need to be patient and wait for your setup or the right opportunity. Be a sniper, not a machine gun, opening trades at each market movement.


D) You need to be patient and let your trade hit your target—do not forget to let your winning trades run and cut your losses immediately.


Do you have something to add?

I want to add something, but it's really hard to find something to add to your opinion. Perhaps I will talk about how traders can maintain that patience throughout their careers in order to generate profits regularly.

Experience and a deep understanding of the probabilistic nature of the market will be the best teachers for any trader. As long as traders are always cautious and patient, they will be able to continue learning and have the capital to continue to exist with the market. Sometimes we also need to be patient with temporary losses ^^

[bayu7adi]

Do you have something to add?

Be patient in facing FUD moments that cause bearishness... yes, for people who are too carried away by emotions, they will immediately panic and sell at a loss, but not for people who are patient... waiting for a bounce back is of course one strategy to avoid losses.
If you look further, the actual meaning of patience is very broad within the scope of trading, so patience is holding back emotions so as not to take careless actions.

[Charles-Tim]

We don't always look at the chart because most of us have other stuff to do besides trading. So it's better to put a stop loss immediately when your entry was filled so that you don't need to look at it from time to time. It's also saves time and lessen stress.

If you have other things that you are doing, why not leave trading instead? Stop loss has its own disadvantages and some people may not just use it. But in reality, have you made enough profit from trading and you use stop loser often? I just do not like high risk trading. If I have other things that I am doing, I will only prefer to hold or go for swing trading.

[kulkhan]

Do you have something to add?

Trading is not too easy matter. I trading we need huge patience in different ways. Mainly we need patience in down market and in Fud. If a trader unable to control patiencehe will must do wrong and finally he will be losser there has no doubt. So overall thinking we can tell patience is Main things in trading. Who will unable to patience he will be losser and who will be able to hold patience he will be succeed there has no doubt.

[Yamane_Keto]

I am against cutting your losses immediately because it will often make you hesitate in making decisions and because the price trend may reverse even when it touches the required support or resistance level.
In some altcoins, technical analysis does not work, and relying on intuition and following the news is your way to achieve profits.

[Vx1]

Actually, in trading, not only patience is needed, but also technique, good at analyzing and what is no less important is extensive knowledge about the coins we are trading.  so we are not only patient when prices fall, but what is more important is that we can determine the right attitude.  Buy and sell at the right time.

[Mr. Magkaisa]

           -   Patience is really important, especially if you are a trader, whether it is in crypto, stocks, or forex. Because if you don't have patience, you definitely won't get earnings from trading. But overall, in general, in every human success, patience is always a part of it.

But we must know how to use it correctly, because once we can't use it correctly, it will surely affect the strategy we are using. This often happens when there is a sudden dump in a coin that we hold, which makes the situation uncontrollable, which is not supposed to be like that.

[MrSpasybo]

I am against cutting your losses immediately because it will often make you hesitate in making decisions and because the price trend may reverse even when it touches the required support or resistance level.
In some altcoins, technical analysis does not work, and relying on intuition and following the news is your way to achieve profits.

I'm not sure about this because generally, enduring temporary losses is not encouraged in trading as it can lead to larger losses and cause traders to lose a significant portion of their capital. Traders should set stop-losses and respect them strictly.

Each trader will have their own market analysis methods and trading strategies. Win rate and capital management will play a crucial role in generating sustainable profits for traders.

[bounceback]

Patience is most important part in trading but first needed before trading in cryptocurrency about technical or trading way how to earn much profitable.
Many people keep patience waiting with their coins raise up but have wrong technical by trading with wrong altcoin make their patience nothing because their altcoin holding never raise up back to the higher price.
I think in trading patience is the key become success regarding you prefer with technical firstly when choosing potential coins for trading before holding it until longer time, keep patience with right altcoin is the meaning of patience needed in trading but if wrong coins I don't sure right your patience.

[Wiwo]

We don't always look at the chart because most of us have other stuff to do besides trading. So it's better to put a stop loss immediately when your entry was filled so that you don't need to look at it from time to time. It's also saves time and lessen stress.

If you have other things that you are doing, why not leave trading instead? Stop loss has its own disadvantages and some people may not just use it. But in reality, have you made enough profit from trading and you use stop loser often? I just do not like high risk trading. If I have other things that I am doing, I will only prefer to hold or go for swing trading.

Trading is like gambling you can't master all the art in trading as as much as you make profits same ways you make loses from time to time and this have been proven truths that every trader must accepting it realities.

So if you want to make head way in trading,  then you should only trade with a small amount of money so that when you make loses you can easily adapt to the pain of losing the money and when you make profits, you should not be greedy to the point of forgetting to take out your initial capital and trade with the profits.

[Charles-Tim]

I am against cutting your losses immediately because it will often make you hesitate in making decisions and because the price trend may reverse even when it touches the required support or resistance level.
In some altcoins, technical analysis does not work, and relying on intuition and following the news is your way to achieve profits.

Trading have different approaches. Some traders are using high leverage, such traders can use stop loss. But what I do not like about high leverage is that most of the traders that use high leverage will lose to the traders that are patient and using low leverage. So I also prefer traders to be like what you posted but not all traders are like that and they are losing than making profit is my guess.

If you have other things that you are doing, why not leave trading instead? Stop loss has its own disadvantages So if you want to make head way in trading,  then you should only trade with a small amount of money so that when you make loses you can easily adapt to the pain of losing the money and when you make profits, you should not be greedy to the point of forgetting to take out your initial capital and trade with the profits.

Yes. Using little amount of money to trade is very important. Just as 1% of your income is recommended for gambling, also 1% of you income is recommended for trading.

[Captain Corporate]

It means profit. If you are patient when you are trading then you are going to do fine. I know that it is not simple and I know that it takes a lot to do something like that, but I also know that you have to and you have no alternatives. If you keep on trying to rush profiting, you are going to end up with a lot more worse results, and you shouldn't really be doing that, you need to consider how to do better with time. But if you could just ignore it, then you are going to do a lot more money which is why I think it should be very important to keep waiting. Do not try to rush making a profit because that can't be done.