Is patience key to success on trading??

[DiagoRass]

Yes, patience is key to success in trading. It helps traders wait for the right opportunities, avoid impulsive decisions, and stay disciplined during market fluctuations, leading to better long-term results.

[MrSpasybo]

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.

Yeah, I agree with that point. Patience is necessary, but we also need to clarify patience for what kind of work. I don't support an inexperienced trader who continuously buys and sells, then patiently accepts losses for years to gain some basic understanding of this market.

A trader needs patience to:
1. Learn about the market and tools for working with the market: indicators, software, CEXs...
2. Research, use, and customize tools for trading.
3. Accept the complexity and unpredictability of the market.

[Ujok]

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.

the purpose of someone trading is to make money if possible every day or long term, only if trading long term may produce profit very long so that we can not turn money ... I think it depends on their knowledge and strategy, if a trader is professional in buying and selling then the trader is the one who makes money every day and vice versa. then the holder or trader depends on the person so how they can get profit from their funds in the future.

[smartaction]

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??

yeah patience can help you to keep your coins holding and many time you can get a good return if you can patiently hold your investment . but if you get panic for market dumping and sold your coin in loss then it will be very difficult for you to recover your previous  loss and make profit with this. so you must to be patience then and avoid panic. so many time patience can be a key to success on trading

[Captain Corporate]

While I agreed, I remembered, day trading doesn't really require that much patience. You make a trade, and either you close it with profit or you close it with as minimal loss as you can, proıbably with stop loss. Leverage is also a trading method, which you do not have to be patient neither, margin and all ,in all together futures do not require patience. So I think it could be said that we are going to end up with something that is getting a great deal of profit, we are not going to see something changing for long time. Patience depends on what you are doing and we need to make sure that we are going to deal with what we deal with based on what we do, not an exact science.

[Crypto Library]

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??

I will say yes patience is the key to success in every sector when you will see by the side view like you have to be hardworker in this case you have to be patience on the others hand you have to give time put effort on analysis then you will able to be successfully trade and after that you will be a successful trader. So based on these fact yes patience is the key to success in trading.

[Agbe]

For you to be a profitable trader you must learn to be patient, first of all patience Starts from learning and getting yourself acquainted with the technicalities of the market. You can't just get into crypto In two months and understand everything, you must take your time to learn and gain knowledge, this might take a lot of months or perhaps years of consistency. Waiting for a trade to go your way or also waiting for an opportunity also takes patience, a lot of people blow their trading accounts due to impatience.

[KingsDen]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading.

Patience is key in trading but it is not the only key per day. There's a much more important key than patience in trading and that "knowing how to trade". If you don't know how to trade, if you like be as patient as the patient dog, you will end up blowing your portfolio.
So, learning to be patient is a secondary task in trading while the primary is knowing how to trade. 

[bayu7adi]

I have talked with many professional trader and i have learnt from them that patience is the main key to success on trading.

Patience is key in trading but it is not the only key per day. There's a much more important key than patience in trading and that "knowing how to trade". If you don't know how to trade, if you like be as patient as the patient dog, you will end up blowing your portfolio.
So, learning to be patient is a secondary task in trading while the primary is knowing how to trade.

What do you mean by "knowing hot to trade"? Many of the users on this forum are traders, and they trade in their own way... I even think that everyone's strategy for trading is different so there is no definite reference for correct trading in general... because the most important thing is that we can survive and still make money in that strategy...

Mentioning patience as the key to trading, I think that is too general... because patience is a form of waiting for quite a long time... it is true, sometimes patience is used as the main foundation for achieving success, but that is really too general... it can also be said that the key to all success is patience, because patience is part of suppressing emotional outbursts.

[TomPluz]

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.

This is part of the success mindset that a trader should establish by himself if he wants to really make it in this very volatile and opportunity-laden industry. No trader can make money without some good level of patience. Without patience, one can go for some risky moves which can decimate one's capital in the end. I am not yet a successful trader myself but I know that in any endeavor there is always that need for patience...much more so in trading. Psychology is half of the game...win it here and you are already half-way in your battle.

[bitterguy28]

I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it

[royalRitta]

I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it

Yeah, you are totally right. As well as to keep some limits for their trading sessions, because without them, newbies especially will suffer in the long run.
Being responsible, patient, and keeping a cool head, as you said, is essential.

[milewilda]

I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it

Yeah, you are totally right. As well as to keep some limits for their trading sessions, because without them, newbies especially will suffer in the long run.
Being responsible, patient, and keeping a cool head, as you said, is essential.

Mistakes are becoming those stepping stones or learnings on which it is really that ideal that you should really know on what you should gonna do on which instead on making  yourself
quitting up trading just because you cant bare out the risks then it would be that just a foolish decision that you would ever make. Never that consider out on quitting out easily
just because you had faced up some difficulties on which we know that this is really just that normal since its part of the learning process. It will really be that recommended that you should really that know at least on how you would really be g oing with the flow and learn up things on your own.

[enoch_from_off]

I wanna know all your opinion that what are you thinking, Is patience is key to success on trading??

it is an important component but not the primary characteristic i would advise an aspiring trader to have above all i think a trader should be able to remain level headed at all times i think that is a quality that should be valued more when trading compared to patience because being level headed allows you to make decisions correctly based on evidences and it is not just the waiting game but if you are level headed even if you need to make a risky decision, you can do it with enough logic behind it

Yeah, you are totally right. As well as to keep some limits for their trading sessions, because without them, newbies especially will suffer in the long run.
Being responsible, patient, and keeping a cool head, as you said, is essential.

Mistakes are becoming those stepping stones or learnings on which it is really that ideal that you should really know on what you should gonna do on which instead on making  yourself
quitting up trading just because you cant bare out the risks then it would be that just a foolish decision that you would ever make. Never that consider out on quitting out easily
just because you had faced up some difficulties on which we know that this is really just that normal since its part of the learning process. It will really be that recommended that you should really that know at least on how you would really be g oing with the flow and learn up things on your own.

..Or at least spend what you are willing to spend on trading sessions, you are totally right.
With determination and enough time + responsibility, a person can become better at trading and the flow.

[satpol_PP]

Mistakes are becoming those stepping stones or learnings on which it is really that ideal that you should really know on what you should gonna do on which instead on making  yourself
quitting up trading just because you cant bare out the risks then it would be that just a foolish decision that you would ever make. Never that consider out on quitting out easily
just because you had faced up some difficulties on which we know that this is really just that normal since its part of the learning process. It will really be that recommended that you should really that know at least on how you would really be g oing with the flow and learn up things on your own.

We must learn from our mistakes if we want to succeed in the future, because in trading we must have made mistakes in analyzing and reading market movements and these mistakes give us experience that we can use in the future so that we do not experience the same mistakes.