How do you lack patience and hope to be successful in the crypto industry?

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Honestly, from almost all tweets and other things I have read on social media a lot of people join the crypto industry for the wrong reasons, many join the crypto space to become millionaires overnight without putting in the work it takes to achieve it and create wealth for themselves over time.

But no these set of people want to be Elon Musk overnight so badly that they would most likely gamble all their money away thinking that the crypto market is one giant casino in Las Vegas, which is the first mistake they make, for those reading this article, I am not a self-proclaimed crypto expert or guru, in fact, I would say that I am still learning more about crypto trading and the crypto space every day, and also this is not financial advice, but it will be wise and very important that you learn how to keep your emotions in check and also learn to be patient while trading.

Because patience is key in the crypto industry, as a good crypto trader you learn not to chase the price of a coin but to let it come to you, no matter how long it takes as long as you have done proper research and technical analysis on that particular coin. For Examples: I made an analysis on Bitcoin on the 14th or 15th of this month, although the screenshot below was taken on the 17th of May, it took my long pending order 10 days before it triggered, and as you can see for yourself in the second screenshot below it is playing out beautifully well.

May 17th

Today

A friend of mine canceled this trade because she thought it was taking too long to trigger, now she is regretting she did and has FOMOed in at a high price than my entry. Do not chase price, do your analysis and let the price come to you.

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Posted Using LeoFinance Alpha



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6 comments
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Crypto market with high risk..
Most will truly go for price because of the high risk in it

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Good move! Patience is neccesary in this crypto space. We have to keep a cool head when analysing the market and making trading decisions. It takes time to learn and understand these things.

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Thanks a lot bro, patience is key but not everyone remembers that when money is involved.

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