Power of patience in crypto trading
The crypto market can sometimes go against whatever we predicted , there are moments when we make certain predictions and the market does the exact opposite of the things which we predicted on the market..
For Example you might predict that there will be a bullish market at a particular week , only for you to see the market experiencing a bearish trend during that same week..
It takes alot of patience to be able to succeed on the crypto market, you need to be patient enough to wait for the right entry into the market and also be able to wait for the right exit from the market at any moment..
Lack of patience will make you to jump into the market even when you ought not to..
If you truly want to succeed on crypto trading, then you need to start practicing patience when trading crypto..
Patience will make you to take things easy on the market, it will make you to wait for the best time to enter the market , patience can help you to prevent greediness as a trader..
If you are always in a hurry on the market, it will make you to get involved in trading activities which might negatively affect your investment on the crypto market..
Patience would help you to be able to handle FOMO , it will make you to know that the market can suddenly experience some weird market behaviours at anyday anytime..
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I would argue that crypto as a whole is way less predictable than any other market. As there is a large part of the value that is purely speculation. And that is also one of the drivers behind cryptos' volatile nature.
Yeah you are correct..