I have realized more that patience is all that it takes
I have realized more that patience is all that it takes
I know that patience is very important in trading. But do you people know how patience is connected to a lot of things in trading?
Patience tells you not to use more than small amount of money that you have to trade
Patience advice you to use low leverage
Patience convince you to start with averaging
Patience tells you not to look for much profit
Did you know that the most successful traders are those that looks for small profit. This helps them to trade less volatile assets which are less risky.
If you are trading and not making money from it, it is because you do not have patience in trading. All strategies that is more about patience will help you to make money in trading.
Patience is useful when you have a clear definition of trading and how you deal with profit and loss, but without that, it is not logical to be patient with a losing investment. On the contrary, sometimes knowing that you made a bad deal and closing it with minimal losses is better than continuing to lose your investment.