Patience From Wikipedia, the free encyclopedia
Patience is the state of endurance under difficult circumstances, which can mean persevering in the face of delay or provocation without acting on negative annoyance/anger; Patience is the level of endurance one can take before negativity.
Scientific perspectives In evolutionary psychology and in cognitive neuroscience, patience is studied as a decision-making problem, involving the choice of either a small reward in the short-term, or a more valuable reward in the long-term. When given a choice, all animals, humans included, are inclined to favour short-term rewards over long-term rewards. This is despite the often greater benefits associated with long-term rewards.
Patience of human users in the online world has been the subject of much recent scientific research. In a 2012 study involving tens of millions of users who watched videos on the Internet, Krishnan and Sitaraman show that online users lose patience in as little as two seconds while waiting for their chosen video to start playing. The study also shows that users who are connected to the Internet at faster speeds are less patient than their counterparts connected at slower speeds, demonstrating a link between the human expectation of speed and human patience. These and other scientific studies of patience have led many social commentators to conclude that the rapid pace of technology is rewiring humans to be less and less patient.
Patience is being rewired out of the human mind by technological advances. In trading this will lead to unfavorable results. Let us help you develop the proper trading mindset that will help you control your emotions and result in a more favorable outcome from your trading activities.