The markets are volatile, everyone knows that. It’s much, much harder to make money these days than it was 1 year ago. Whatever may be the reasons - intt. rates, inflation, blah blah blah.
As one of my friends says - none of us asked the reasons when everything was going straight up. Then why do we ask for so many reasons now?
The only edge we can have in the markets is patience. Markets are lands of opportunity. You have to keep the barrels of your weapons loaded and ready for when that opportunity shows up. Waste that precious resource, and you waste that opportunity. Just like when people wasted the opportunity of buying at rock bottom prices in Mar 2020 (and countless times before).
Something that gets me by in times like these: the only certainty in the markets is that it will stay here long past everyone else is gone. It will open at 9, close at 3:30, everyday. Don’t do something that you can’t be here the next day.
You have to keep patience when you wish to trade stocks for a long time. Analyse the market as per your understanding and make decisions accordingly. Leave the herd mentality.
Truly, we need a lot of patience to survive in the market as a stock trader. The recent crash is making a lot of traders frustrated. But those who stay patient will surely be at an advantage.
You are required to be mentally present when you are trading. The market may go in different directions but if you have the patience to analyse it and make your decisions accordingly, it will all get sorted for you.
It depends on your skills. Experienced traders find better opportunities in such markets. There’s also a satisfaction in getting the direction right while most people are struggling to understand it.
Patience is an edge only if you can do longterm investing. For everything else, your patience in a wrong trade can cost you your capital and many other missed opportunities.
Keeping patience while trading will help you stay on track and do only what is required. It teaches you the art of accepting your losses so that you can work on improving your skills and making more money in future.
It’s easy to decide that you want to trade a certain stock and make money with it. But it takes patience for a trader to be able to stick to that stock even when it is going through ups and downs. You don’t have to get carried away with the changing market conditions but should stick to what you have decided and trade patiently.
Patience is necessary if investors wish to earn port returns. It is not an easy task dealing with market changes and emotions simultaneously. Hence, if they follow a plan and trade efficiently with subtle moves and make decisions calmly, the chances of winning increase.
That’s right, patience is a skill that’s acquired over time as we learn from mistakes in the journey in the marketplace. The more patient you are, the better your trades profit. You should know how to time your trade and generate consistent profit.
Price behaves in specific patterns. These patterns comes like weather’s. Understanding the price patterns, in which price is running, can help winning trades!
it takes time and research