Patience in trading/investing

[DreamStage 2105]

You need to separate the patience from too much holding your investment into an on going trading and knowning when it's the time to act and buy or sell them.

 

Patience relies on your knowledge and information on a specific currency potential event that will change it's value.

The need to hodl your actions is key and there should be a balance between each.

[mahdichelloi 0]

thank you for the big effort for this text i just want to add that 90% of the market volume are bots that because all big traders with huge funds use bots for trading to avoid the psycho preasure of trading thank you and have nice day .

[dimmix_ua 81]

On 06.05.2020 at 14:24, rekter said:

Patience is just one of the tricks people have been telling me to master when i started investing, but it seems to be a misunderstood concept and it doesn't serve any purpose especially in trading unless you know where to apply it. It seems to be only used when speaking about selling. Patience also means that you have to wait for the right time to buy and not to fomo in.

 

But mostly it's a trick that traders teach to newbie investors to calm them down their nerves and not to panic sell on every dip. It's just faster trick then to teach trading and it usually have better results then with panic selling.

 

Usually.

 

Because patience can also get you rekt if you think that it means just waiting and hodling. Especially when you happen to be hodling a wrong thing.

In trading it means you have to wait for the right time to execute your plan. Timing is everything. Some times acting on time is just better then sticking to plan of hodling in disbelief on what's happening. Even f the project fundamentals are good, it will be good to have some money left to invest if it drops another -90% if your plan is to average your buy in.

 

But the key point is that you need to have an exit plan if something goes wrong. When the crash happens you usually see people in telegram channels that didn't have a plan for it, only plan was to hodl, no money left and now they are clueless what to do. They will keep hodling even to over -90% loss while telling themselves that they have just been patient. While in fact they have been too scared to get out low. I have done this too. Sometimes people forget that if the project is crap it can dip another -90% until there are only sell walls.

 

People just like to think that their profit gains happen because they are good traders and losses happen because of others. Being honest to yourself and owning your mistakes is the only way to learn.

The most important thing is your trading  system. You should trade with cold head using your system and improving your system then you will be profi

[Mzizo 24]

Being careful helps you monitor your emotions, even though it is trading or saving, to effectively handle what you are doing. Since this is a goon trader and an investor's key feature. If we master our patience, like the other individuals in the cryptoworld, we can be effective in trade and investment.

[escmys 15]

I agree with you. It is necessary to be patient when investing in the cryptocurrencies world. Cryptocurrencies can provide  high profits in a year unlike normal currencies. It may be otherwise, but I believe this situation can be overcome if you are a patient person.

[Shaza Ahmad 1682]

No one denies that patience is very important for the trader, but sometimes panic is useful as well, because panic and complacency with a small loss may save capital from an untenable loss, patience is beneficial and panic is beneficial, and an experienced trader tries to be proficient in using both of them at the right time.

[Agusmada 223]

First lesson and first step trading is patience if you have not done you never b win trade.

[Onden 2098]

I think investing or trading is patience for profit, meaning that if you can't master patience you can't work in this field. Patience is a trick for beginners to avoid panic selling, because crypto investing and trading sells at the right time. A no-fault exit plan for every trade is part of the strategy, if a failure occurs, beat yourself up and correct mistakes as learning.

[RoyalHouse01 9]

I have felt that the patience is very necessory and if you do not have it you may have to face the results for the loss you will make in harsh buying or selling in a fit of hurry.

[Ivanvlad4 0]

Patience must be our ally, because whoever works with negotiations knows that it is necessary to have patience to act at the right time, without making mistakes that do not harm us. That is, we need to be patient to do the best.

[minisrt_black 1112]

patience is one of the key factors of success in trading so it must be

[Viscount 1357]

Patience in trading or investing is really needed, specially if you're doing a long term trading. It is because your desired outcome will not happen instantly. It would take some time or it might even take as long as a year. So it is really important to practice your patience.

[SuperCrypto 7193]

I consider patience to be an important trait that a trader must have. I lost a lot of usury at the beginning of my trading business because of fear and rushing to sell. But even though we understand how important patience is, we still need to master this skill. Patience in trading is an art of self-control.

[Jandancoin 482]

1 hour ago, SuperCrypto said:

I consider patience to be an important trait that a trader must have. I lost a lot of usury at the beginning of my trading business because of fear and rushing to sell. But even though we understand how important patience is, we still need to master this skill. Patience in trading is an art of self-control.

Patience in an art of self control, it also takes discipline, also for someone not to be greedy, also to be professional and expert in what you are doing while trading. It will help, to think right and be disciplined. 

[Omar Ommeish 4872]

Patience is one of the most important qualities that must be present in every trader because once an analysis of the currency and identification of entry and exit points is necessary, you must be patient so that the currency reaches the points that you have set in order to earn good profits.

[Tine0313 3053]

patience is needed in everyday lives, patience is not something can be apply in certain things but in all things. If in trading you do not have patient, you will only lose your money because you are being impulsive in decision making, you lose so many opportunities if you only get driven by your emotion.

[Bhaasaadd 62]

That's the truth associated with been patient, if you want to be patient without knowing even where the market is heading too then you will really be losing up because with that you wouldn't know if you patience is serving you right or wrong. So let understand the market first before been patient

[Abdul1168782 572]

Yes you are right we blame to other if we get lose from any investment and make our self lucky when our prediction is proven right. And this thing make us selfish at a time

[tienda 8776]

On 11/14/2020 at 10:04 AM, Tine0313 said:

patience is needed in everyday lives, patience is not something can be apply in certain things but in all things. If in trading you do not have patient, you will only lose your money because you are being impulsive in decision making, you lose so many opportunities if you only get driven by your emotion.

Of course @Tine0313 Without the doubt the patience is indispensable in doing trade or investing. If we are not able to control our self I think we are walking the wrong way! To avoid the mistakes we should be quit and comfortably, so to get benefit or more profits try to control your emotion or get out them.

[Tine0313 3053]

1 hour ago, tienda said:

Of course @Tine0313 Without the doubt the patience is indispensable in doing trade or investing. If we are not able to control our self I think we are walking the wrong way! To avoid the mistakes we should be quit and comfortably, so to get benefit or more profits try to control your emotion or get out them.

You are right being not able to control ourselves will only lead us to being an impulsive decision making and i think we cannot control how we work as a trader and only cause a loss of our money.

[yato987 2811]

that's the real meaning of being patient , patience is not just holding ourselves from making decisions , it is more like giving us a chance to think again id=f the decision we are going to do is the best we can do or there is a better chance , when there is no other options here we go out with less losses and that's still better than waiting until we lose all what we have 

[MARAMBEN 278]

Certainly patience is important for the field of trading, especially with regard to selling, especially with regard to long-term currencies. I am not patient, and as soon as I sell Ethereum and Litecoin, their price rises. You must trade with half your money in short-term currencies and half your money in the long-term, from which you earn and from which you do not get bored Wait

[Ameralsamt 2558]

My friend for each of them has its characteristics, the ratio of trading is yes risk has two results but profit or loss and if you earn you will come out with a lot of profits, and invest the income of a certain amount and a certain profit and seem losses but your gains are very small. 

[melikf78 987]

Exactly patience is the key of success you in crypto its important to be patient in trading , mining , holding even in forum. Personally im an inpatient person and its really hard for me to wait but I'm working on my self also time management is important too you have to know when is the time to sell and when buy.

[Kami505030 1617]

This word "Patience" has a great imapct on successful people lives.

This word have changed the world map of successful people.

So keep patience while you are trading or investment.

Losing something is a part of life and patience brings back all the loses parts of your life.