“The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett
Well-disciplined traders have time and capital in their favor. They don’t get weary at every market prices’ downturn while impatient traders tend to jump in or close out at every small movement against their position then ended up in net losses. Waiting patiently for the market prices to reach on a good level will definitely result in gains. Sticking to a trading strategy will also force you to be more patient, keeping you out of some of those losing impatient trades, and getting you into more profitable trades.
Warren Buffett is an American investor & the CEO of Berkshire Hathaway. He is the 7th richest person in the world with a net worth of $80.4B, according to Forbes.
Patience is one of the most neglected virtue of a successful trader, but the most imperative one for gaining profits. Learn it here from the experts. Trade with SmartFX.