In the trading world (whether stocks, currencies, cryptocurrencies, or others), patience is considered one of the keys to success in trading, and it manifests in several aspects:

Waiting for the right opportunity:

The patient trader does not enter the market just for amusement, but waits until the conditions of their strategy are met.

Sticking to the plan:

Sometimes the market is slow or moves against expectations temporarily. Patience means respecting the trading plan and not making random decisions.

Letting the trade take its time:

Some trades need time to achieve their goals. The impatient trader may close the trade early and miss out on potential profits.

Patience in learning and development:

Success in trading does not come quickly. Patience is required to learn the market, test strategies, and improve performance.

Greed in trading

Greed is one of the biggest enemies of the trader, and it manifests in:

Not being satisfied with reasonable profits and seeking more:

Instead of closing the trade after reaching the profit target, the greedy trader continues hoping for more, losing what they have achieved.

Increasing the trade size without logical reason:

Greed drives some to risk larger capital after the first successful trade, which can lead to significant losses.

Entering many trades in a short time:

Due to greed, the trader may enter consecutive trades without study, increasing the likelihood of loss.

Chasing the market (FOMO)

The fear of missing out drives the trader to greed.