Trading the swings of ETH has been one of the toughest things for me. I used to jump in too soon, hoping for a quick rebound, but then I’d just see the price drop even more. It was really hard to stay patient.
Eventually, I figured out how to scale in and just wait it out. Not every dip bounces back right away. Getting through the waiting made me realize trading is more of a long game than a quick race. So, do you usually rush into trades or give patience a chance to work?
ETH Price Movements and the Need for Patience
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Patience comes from rules and not gut feel.
You should define the setup, entry zone, exit price, all before entering the trade
Size small enough that you're not concerned if you get stopped out.
Trading transfers money from the impatience to the patience ones I use to rush trades before about after years of trading, I learned to let patient to the work. it's call swing for a reason, you go from point A to point B no matter how long it take to get there. I'll advice build patience and it will help you in your trading.
nonce_sigmaFull Member
Posts: 117 · Reputation: 612
#4Jan 5, 2017, 09:20 AM
Successful crypto investors have extreme patience. Sometimes we can sit in a loss for 3 or 4 years before the tide turns & we start to make big profits in Altcoin season. Its not for the faint hearted, which is why most people in this space fail & get bored & sell or sell in panic. Strong hands are required & conviction.
I don't rush, until there seems to be a need for rush. But i am hesitant to even call that rushing, or panic, because it's reacting fast. And sometimes reacting fast and cutting your losses can save your bag.
If your chart TA seems to work and nothing is breaking, then patience is the way. Because everything is working as you planned, it's just you being impatient and wanting results faster.
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