In the context of trading and finance, being “patient” typically means having the ability to wait for the right opportunity to enter or exit a trade, rather than making impulsive decisions based on emotion or short-term market movements. A patient trader may hold a position for an extended period of time if they believe it will eventually become profitable, rather than closing it out for a small gain or loss in the short-term. Being patient can also refer to having a long-term investment horizon and not being swayed by short-term market fluctuations.