Many fail because they lack the patience to wait for things to develop. This pertains to both trading and investing.
In this video I discuss the idea of not succumbing to our emotions which push up to be impatience. Patience is crucial to market success.
▶️ 3Speak
I'm feeling alluded. I have not been patient at all loading LEO today...
Now seriously, when we talk with 'regular'-people (not related with the world of investment/crypto/etc) patience is (very often) one of their perditions.
Somebody wise said: ''The markets are a machine designed to transfer wealth from the impatient to the patient...''.
Hope you had a good monday taskmaster :)
It is a tough call. When you see something believed to be seriously undervalued, such as LEO (in my opinion), you load up when you can. At some point, it will run away from everyone and a bunch of people will be wishing they had more.
That said, I have been patient in that I was buying all the way down. I look at this as a long term development project. It isnt where it is today or in 3 months but in a year or two.
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Of course! Didn't bought to sell in a couple of months. 1-2 years of holding at bare minimum (maybe I'll sell a part of the rewards, but not the main stack).
Looking to see how 'we' evolve in this timespan :)
It is one of those projects where we each can help our own return.
By being extremely active, we set the foundation for more people to join, thus helping out our holdings here.
Try to do that with some stock that you hold.
We can assist the value with our activity.
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@tipu curate
Upvoted 👌 (Mana: 18/30)
Totally agree, which is why anyone that is serious about trading / investing has a trading plan to help with consistency and keep emotions in check.
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It is like a quarterback in the NFL throwing an interception. If he is afraid to throw the ball the next time and is emotional about it, he will fail.
Bad trades happen. It is a matter of taking a solid approach and being as "robotic" as possible. The next trade is the only one that matters.
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Interesting topic there. I would say that patience is quite a veritable tool for the user h=that has invested in crypto and hoping for a good ROI. However, for a user wanting to onboard cryptocurrency, I think its terrible to wait further. We have to make critical look at projects and see which has the potency to grow. We can see what's happening around LEO. many that were waiting for things to down further are regretting. LEO is already bulling and we don't know where it'll cap.
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