We have to go beyond patience because that is something we already are familiar with, this is something we already have.
Bitcoin takes time. Cryptocurrency takes time. Trading takes time but there is so much more than that.
Trading is about making right decisions but to take any decision one has to think.
When we think we get all sorts of thoughts, of course, and this instead involves our emotions, experiences, memories, fustrations, habits and so on.
After we learn patience we need to control our emotions... We need to be able to adapt and stick to our plan no matter what is going on outside.
But... There are always exception.
Not everybody is the same. Not everybody trades the same.
Even though with experience, we can still make plenty of mistakes.
The next tip is to accept your loses, own them.
Do not be embarrased to lose or make mistakes. Do not be embarrased to learn because that is the only place to get to where you want to be.
Through "mistakes", which we can simply call experience, you can get to genius level or PRO.
Think about it... Or better yet, read about it.
All of the experts in all of the fields have gone through massive defeat, failure and challenges... It won't be different for me and for you, we also have to adapt when something goes wrong.
If you jump into a trade and you feel bad, don't like it, you can get out.
That's my next tip to you.
You can simply quit 5 minutes, 10 minutes, few hours after buying into a trade, you can...
You can always jump back in when you clear your head, if for whatever reason conditions change.
You can get out but stay out until the next day.
Once your mind is clear.
Comeback but this time, make sure to have a well developed plan before you trade.
@biasedsenpai, I learned this from Michael Marcus. He has tons of experience.
Read it, you might learn something from him. (Market Wizards).
It is not misleading by the way, it just information.
You can take some, leave some.
You can take/adapt/get what works for you, integrate in your life.
You can leave/reject/ignore what does not work for you and continue with the next book.
Whatever you do, the responsibility is on you.
Thanks again for taking the time to read and also comment, not many people do it.
Your support is appreciated.
I expect to see you around again tomorrow.
Namaste.
DrStein
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@biasedsenpai, agreed. He is one of the perma-bulls in TV that sells hopium to the ignorant masses. Check out his other posts. His last bearish BTC chart was posted in May 12...
AlanSantana
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@DrStein, 50 Trade Ideas predicting Bitcoin's crash before it happened, same with the SPX, NDX, DJI. Etc.
80% of these comments is bearish and some a pretty rude toward bullish sentiment and OP directly. What does that tell you? Some real salty Bears out there pissed cause they sold the bottom and are going short trying to recoup tells me that the bottom in and we are about to bury all those shorts. I cant understand any other reason why people would get upset about an asset going up in price other than what I have mentioned above. If anyone else can then please let me know.
AlanSantana
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@Bitgolder, A very strong reaction... They only come out when Bitcoin drops by $100 or $200, they cannot realize that the 18-June low remains intact.
Read it, you might learn something from him.
(Market Wizards).
It is not misleading by the way, it just information.
You can take some, leave some.
You can take/adapt/get what works for you, integrate in your life.
You can leave/reject/ignore what does not work for you and continue with the next book.
Whatever you do, the responsibility is on you.
Thanks again for taking the time to read and also comment, not many people do it.
Your support is appreciated.
I expect to see you around again tomorrow.
Namaste.