Is patience key to success on trading??

[saprakib]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

[enoch_from_off]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

It's one of the criteria to go out of your sessions clean both in mind and in profit, though, many other factors play out - your expertise, analysis, a bit of luck, etc.
I would say it's important, but patience doesn't have a last say in trading. Each person is different and he has areas on which he should work on more.

[milewilda]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

Its one of the key to success but of course it will really be also needed up for an individual on making up the right decision because too much holding your position or having no set up
limits or target or goals will really be might lead into regrets on the moment that you would really be missing out on securing profits just because you've been hoping on something more.
It will really be that needed but doesnt mean that you would really be holding up your position too long, not unless if y ou would really be that going for long term then this wouldnt really be an issue but if you are someone whose really that wanting or liking to see profits in a short term period then you shouldnt be making yourself holding for long.

[ZAINmalik75]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

Patience is not the key to success in trading because trading requires more than patience it requires more knowledge about the market, charts, news and psychological behaviors etc. Patience is the most important behavior though because in trading we have to wait for the right opportunity and when we take entry we have to wait for our trade could hit the target.

But without knowledge of how coins move up and down and what's the impact of news on them and making trades is pointless on the basis of patience only. Anyway we must control our emotions and be patience when we have the knowledge and we should not sell in panic.

[saprakib]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

It's one of the criteria to go out of your sessions clean both in mind and in profit, though, many other factors play out - your expertise, analysis, a bit of luck, etc.
I would say it's important, but patience doesn't have a last say in trading. Each person is different and he has areas on which he should work on more.

Really helpful and good explanation concern trading. You have said details with short. I think you are really right that not only patience need to analysis, expertise and many more. I also mention a few that help more which are we need to learn fundamental analysis, technical analysis, research and even where we need to take entry and exit. Now i have shared more idea which we need to work with. Hopefully it will help us to note and study to make more profitable trading in future.

[Gposas]

With what you said on your post, I agree with you but to an extent. It is true that as a trader, you need to have patience in trading, but I believe it has a limit.
As for traders who deal on spot trading, it is a good strategy that one must posses in other to grab reasonable profits. As a spot trader one must need to possess at least 80% patience in other to maximize profits.

On the other hand, a trader who deals on futures trading and taking leverage, patient doesn't really work as it may seem because when you grow too patient hoping the market will grow in price and vice versa depending on how the trader places his trade and it turns against him, it is better being impatient and bearing the risk of losing a little by selling at loss than ending up losing everything by getting liquidated.

[Bobcrypto]

Patience is one of the keys to winning a trade, but it is mainly the key to Holding coins in my opinion. Patience is needful in every business, most times it is much more requires on some investments.
Traders who are always patience are considered to be very successful, but i think that the crypto Day traders, Future traders doe not get that patience to hit it bigger.
Generally, patience pays off in business and not many traders/traders can wait

[electronicash]

those holders are patient enough to have made a large sum when they hold their BTC for a longtime. through out the blockchain history there are still wallets that have yet not touched their BTC since the genesis. its speculated its owned by satoshi and if true then satoshi himself have the patience to just wait til it goes a million each.

swing traders are doing the same, they just wait for the bull run and bear season since this the cycle in crypto. after halving, there is always bull run and after bull run, there's bear season.

[Geey]

there are so many keys to success in crypto, not only patience, we also have to have knowledge about crypto and basics in managing our assets, how in the future we can make money every day... the most important thing in starting to trade is that you have to find out a lot of crypto news that is circulating so that you don't get caught up in coins that are experiencing negative impacts from the news circulating.

[yhiaali3]

Of course, patience is the most important key to success in trading. If you do not have patience for deals, it is better not to start any deal, because any trade needs some time to be completed.

Even in long-term investment, you need patience, because during this long period the price may fall several times, so if you do not have patience, you will sell at a loss.

Some traders who do not have patience do quick scalping deals, but this strategy is dangerous, especially for beginners.

[Ujok]

That's right, it's not just patience that must be considered in trading, and what must be added again is as you said earlier... so if we rely on patience alone and have no basic or knowledge whatsoever about crypto, like building a house but not knowing the mixture of materials for the house, then it will not be successful and even if it is successful, it will not last long.. we must provide input to each other in this forum so that people here know the steps in trading, not just trading.

[Asiska02]

Patience is part of it but I won’t say you should overly rely on being patient when you have no sufficient knowledge of the trading market. In order to be patience, you need to have acute a lot of knowledge about trading and also work on putting that knowledge into practice. The term patient in trading comes into play mostly when the traders are impatient with their trade when they’re winning or when they’re losing. Research shows that traders are always getting used to being patient while losing and hope the market reverse and goes their way. They don’t apply such patience to profitable trades and that’s how they loss out on their big wins. This is natural and it happens to almost everyone during trading.

[sampoerna]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

Simply, based on experience, yes, it is.
It is one of the key successes, one of them, not the only one.

And indeed based on several crypto trading theories, patience is also one of the keys to success. This patience is very essential for traders to optimize their profits.

What is meant by patience in trading is when we are able to wait patiently for our holding time until we reach the target price, regardless of what happens with market conditions. Of course, this is also equipped with good analytical skills related to what coins and what their targets are. so that patience is not only about waiting for time, but also in analyzing coins for trading or investment.

more info"
https://crypto.oanda.com/uk-en/labs/learn-crypto/how-to-trade-cryptocurrency-profit/
https://cryptoadventure.com/secrets-of-success-patience-and-long-term-thinking-in-crypto-trading/

[JISAN]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading. So that before doing trading we all need to set up by psychologically. That's how we can control our mind and not to be panicked. Most of the trader fall into the trap after price fluctuate a bit.Most of the trader get panicked on that time and exit from his trade without taking any profit even with losses. So that it will help us a lot to success on crypto trading.
I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

yes patience is the key of success but it does not work for every time because many time if you only keep patience but not analysis the market then patience can harm you a lot. because if you just invest without any analysis for without using any strategy then you can suffer a lot. trading is not an easy task you have to accept this word. you cannot get success without gaining the good analysis skill. there are thousands of coins available on the crypto market. so you must have to choice any coin for investment very carefully otherwise you will lose in trading or holding

[_act_]

Patience is the key to success in life but trading is kind of different because who wants to make money from buying and selling of coins daily is not patient. All they think is to be making money from trading daily but which is not possible. That is why you will see holders make money than traders. Holders are patient while day traders are not patient.