A thing to learn. A thing that's easy to know in theory and hard to put to practice. A thing of discipline. A path to success. A steep, tiresome, slow, and steady, race winning stairway up.
Well, this one leads to a zoo in the feet of the mountain. I took it recently.
All right, let's get it clear that by patience I don't mean remaining passive at all times and missing opportunities. There is time to act.
But what I mean is, there is also time to wait. And while I might have learned to recognize the former, I still have my weak moments in terms of the latter. And they are equally important. One without the other leads to partial success from time to time. Both together would lead to consistency.
More specifically, I am talking about the patience needed to not lose while trading in dynamic pairs on the exchanges. And all the major coins I take interest in, such as BTC, ETH, HIVE, etc...they have their ups and downs.
Being uncertain about if a coin would come back up or back down from a position I traded respectively in favor or against it...that often can take away any former gains made in the market. And my experience has shown me that...
...
There was not a case yet in which patience wouldn't have been beneficial.
During periods of dynamic movement up and down I took positions based on some logic, some amateur analysis...but failure came never from making a wrong first move. When it came, it came from making second moves based on changes of heart, changes of mind...
Patience, or in other words, not changing my positions too early at the first sign of danger...would have turned many small losses into small gains.
Some more faith in the forces of market physics. Some more patience to see them unfold. Some more confidence.
Things to learn.
Peace!
Manol