Always take profit - page 2. | Bitcointalksearch.org

livingfree

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Quote from: Sihab76 on December 24, 2021, 06:43:51 PM

It is completely foolish to expect from trading that there will always be profit. There are two aspects to every training, on the one hand if you expect profit and on the other hand you have to prepare for losses. Moreover, only extra knowledgeable people get profit from trading.

It's not foolish to expect profit in trading if you've been trading for long and you've been making a profit most of the time.

But this is where the newbies got misled. When they've just heard about trading and profiting, it makes them think that if they trade too, they'll make money easily.

Sihab76

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It is completely foolish to expect from trading that there will always be profit. There are two aspects to every training, on the one hand if you expect profit and on the other hand you have to prepare for losses. Moreover, only extra knowledgeable people get profit from trading.

palle11

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Quote from: K4C on December 23, 2021, 09:33:48 AM

In this case i said that if you need to every time receive a profit without any loss so i said that you need to invest a most beautiful project and see there road map which token are launch in a big exchanges so you invest your money and hold there token and keep patient so that time which a token start rise there price so you use that procedure definitely you receive a profit.

There is always a season to lose in trading just as this particular moment that the price of bitcoin and altcoins are dropping. Now is a down trend so buying the long may not always give profit than short, that means if you buy the wrong trend, the loss will be recorded for you. Every trader must have a time of losing because this business is not always profit all the time. But maximizing the profit and reducing the losses grows your account.

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In this case i said that if you need to every time receive a profit without any loss so i said that you need to invest a most beautiful project and see there road map which token are launch in a big exchanges so you invest your money and hold there token and keep patient so that time which a token start rise there price so you use that procedure definitely you receive a profit.

MIner1448

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If you are trading huge amounts, then of course you should always fix a profit, possibly a loss, but only according to the situation. And if the wallet is not that big, you can wait for the normal price tag to secure your profit.

BuNga_cute

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Quote from: Anguwa on December 12, 2021, 05:23:12 PM

Quote from: Zilon on July 27, 2021, 12:39:52 PM

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

For beginners, don't immediately aim for big profits, because beginners need to learn how to make a small profit first. So they can learn to appreciate
the profit generated when trading, keep in mind that trading is not an easy thing. So for beginners, there is no need to rush into chasing big profits.
There is a process that a beginner must go through to understand first how it feels to make a profit. Moreover, do not underestimate the small profits
that we make from trading, because small profits if accumulated will be large too.

JohnBitCo

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Quote from: awik p on December 22, 2021, 03:15:38 AM

Quote from: dunfida on December 21, 2021, 03:35:58 PM

Quote from: TheUltraElite on December 21, 2021, 04:46:05 AM

Quote from: Anguwa on December 12, 2021, 05:23:12 PM

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice.

Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead

you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind.

indeed the mental factor that distinguishes between demo trading and real trading. mentality greatly affects our trading results. even though they use the same technique, everyone's view of the market will be different, and the final result depends on their mentality to obey the predetermined analysis.

Demo trading may be good for the new traders but most importantly money management is more important. If you keep on taking early profits, it maybe that you do not follow the proper risk reward model and even a few losses can make your portfolio in overall loss
I suggest to deploy risk management to your trades so that you are not in overall loss.

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Quote from: dunfida on December 21, 2021, 03:35:58 PM

Quote from: TheUltraElite on December 21, 2021, 04:46:05 AM

Quote from: Anguwa on December 12, 2021, 05:23:12 PM

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice.

Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead

you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind.

indeed the mental factor that distinguishes between demo trading and real trading. mentality greatly affects our trading results. even though they use the same technique, everyone's view of the market will be different, and the final result depends on their mentality to obey the predetermined analysis.

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Quote from: dunfida on December 21, 2021, 03:35:58 PM

Quote from: TheUltraElite on December 21, 2021, 04:46:05 AM

Quote from: Anguwa on December 12, 2021, 05:23:12 PM

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice.

Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead

you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind.

You nailed it! After you gain up knowledge, the chance of making positive positions is high,

at first you need to balance everything trading is not an easy venture, a lot of things that you needed to consider and
by practicing both from demos and live trades, you will be familiarize with how the market works and you will be able to
find the best suited strategy to use.

It takes time and more efforts to succeed from this venue of business, make a good use of every knowledge that you will learn along the way.

dunfida

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Quote from: TheUltraElite on December 21, 2021, 04:46:05 AM

Quote from: Anguwa on December 12, 2021, 05:23:12 PM

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice.

Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead

you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind.

tygeade

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Quote from: TheUltraElite on December 21, 2021, 04:46:05 AM

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Unfortunately not many people can see the benefits whenever the price drops. I get that there are a lot of people who do not understand why the price drops and focus on that part most of the time but the reality is that we are talking about something that is profitable in the long term so why it happened doesn't really matter to be fair.

So, if you focus on why it dropped or how it could recover or will it continue to drop and many other things like that, then you are going to end up losing a lot of money. What you should focus on is how you could make a profit from this down trend and if you could buy some more and wait as long as you have to, then you are going to profit. This is emotionally not that easy, watching your money drop like crazy is a very hard thing for many people and that means we need to realize it is going to be very difficult to watch but it will worth it in the end.

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So anyway, I applied as a merit source :)

Quote from: Anguwa on December 12, 2021, 05:23:12 PM

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

boyptc

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Quote from: Anguwa on December 12, 2021, 05:23:12 PM

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading.

It's a good way to motivate you to trade more and be better. You have the idea what if you become better and you're having a larger fund to trade with.

That will make you possibly earn larger than the motivation where it all started. But whether it is small or large, you really have to take profits before a storm comes.

Quote from: Anguwa on December 12, 2021, 05:23:12 PM

But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

If they understand that it's normal in the market, that won't weaken them.

Anguwa

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Quote from: Zilon on July 27, 2021, 12:39:52 PM

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

Patigi

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I always take any form of profits I make either big or small, I don't mind making 1 to 2$ daily because I always believe is better than losing. I don't always mind waiting for time to make huge profits because coins are not stable are all dynamic they go up and also same time they can come down in term value. So it is better for me to always make the little I am able to make in trading. Infact in term of investing I don't hold for too long period of time again because I am learn a lesson from squid coin. Just one day my coin just lose everything in value.

Desmong

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Taking profits is part of the game which most traders that are day or swing traders don't really pay attention. A bird at hand is better than those ones in the forex. I always establish the mindset of taking my profits after each trade volume to prevent sudden loses. Since the market is never certain and things might always go the odd way if one stay longer in the market because of up and down volatility, it's better to be taking profits and trading proceeds during market volatility.

otundebis

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Taking profit in itself is an art! Profit properly taking over a period of time could be very significant if you are day trader! But for trader who is in for the medium to long term holding, profit could become a nemesis, you may be stuck on trying to predict the ATH and prematurely sell when in actual fact, the rise in value is just beginning! I think the best approach is to set up appropriate valuation from get set go! And then stick by it or sell near it!

Ridi

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Quote from: rima28 on August 14, 2021, 09:41:15 AM

Always take profit it is easy to say but difficult to do .but always profit is not possible. because many problem for this profit.if a trader cultivate the habit of taking profit during trading he would have an upper hand over the market .but that will not work for all traders because they will have their own startegies and know what they do.

I agreed with your opinion always profit not possible it is easy to say .

rodskee

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I already learn my lesson from my previous mistakes of keeping waiting till the highest be reached as now ? i only put at least 20-40% in my altcoin holdings and 30-50% in my bitcoins , once that amount achieved depend on the coins i am holding? i will take all my funds and will wait again for discounted price or at least will buy different coins (Aside from my bitcoin of course because 45% of my funds allocated in bitcoin alone)
with this attitude i now starts earning good funds added to my holding each time the market pumps and not like in the past that i will hold for 1year minimum and not exceeding my capital for that long,
at least now each 3-6 months i know that some amount will be added to my folio and all will be doubled in a matter of months or year.

Oilacris

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Quote from: Kayum10029 on August 14, 2021, 05:51:09 PM

It is not right to assume that you will always make a profit. It is not uncommon for cryptocurrency to have profits as well as losses. Only those who are very experienced and have a very good idea about the market Only face less losses. So both profit and loss are applicable for cryptocurrency trading.

You should always consider the con's and no always minding about taking profits because this wont be always the case that you would really experience.Profitting is just a chance

and this is an opportunity that not everybody could experience because you should really need to be experienced and knowledgeable with this market or else you would really be having a hard time.

Take profit if you do have the chance and have some stop loss when the trend is opposing on what you do expecting. Rinse and repeat.

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