Always take profit - page 5. | Bitcointalksearch.org

Ultegra134

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Quote from: Mpamaegbu on August 05, 2021, 04:38:14 PM

Quote from: Zilon on July 27, 2021, 01:39:52 PM

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss.

If you're trading on Futures, don't ever allow a winning trade turn into loss because of your high expectations of it to give you an exaggerated ROI. Take your profit and run. Watch and wait for a better entry to make a come back. Most times it's greed that makes traders allow such a situation to hit them, and not because they don't have the knowledge of TA. You risk your capital doing that as margin call can happen at any time.

Quote from: Zilon on July 27, 2021, 01:39:52 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

It's better to allow profit run than cut it short because of fear. Picking small winnings repeatedly can be wiped off with a single loss. Fear of losing isn't supposed to be something to consider for traders who want to cash out successfully. Professional and successful traders don't trade with fear in mind.

I was interested in learning how to conduct Futures trading, but I've heard that it's quite risky. When high risk is involved, it's safer to just collect your profit and go. I've faced the same conditions when investing in DeFi projects, despite the greed to earn more, I had to collect my earnings and withdraw, turns out that it was for the best.

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Quote from: doremonchina on August 05, 2021, 01:19:46 PM

In trading there will be some loss as well as profit . But you should take profit from it whether the profitis small even it doesn't matter. You should analyze the coins first and get the profit.

I understand the thing that traders are aiming for a bigger profit but somehow, we can't escape from losing sometimes for the market isn't in our favor all the time. Now, we have to understand that every single opportunity like having a 5% daily profit is a blessed day for us. We can't be all greedy always like we have to aim for a bigger profit as this will cost us.

I could remember how I miss the 2017 market rally, I thought it keeps on growing to neglect to think about selling when Bitcoin reach $20k, it is mess and I dare not to let this things happen again as I'd never hesitated to sell once get some profit.

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Quote from: Zilon on July 27, 2021, 01:39:52 PM

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss.

If you're trading on Futures, don't ever allow a winning trade turn into loss because of your high expectations of it to give you an exaggerated ROI. Take your profit and run. Watch and wait for a better entry to make a come back. Most times it's greed that makes traders allow such a situation to hit them, and not because they don't have the knowledge of TA. You risk your capital doing that as margin call can happen at any time.

Quote from: Zilon on July 27, 2021, 01:39:52 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

It's better to allow profit run than cut it short because of fear. Picking small winnings repeatedly can be wiped off with a single loss. Fear of losing isn't supposed to be something to consider for traders who want to cash out successfully. Professional and successful traders don't trade with fear in mind.

doremonchina

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In trading there will be some loss as well as profit . But you should take profit from it whether the profitis small even it doesn't matter. You should analyze the coins first and get the profit.

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Quote from: Zilon on July 27, 2021, 01:39:52 PM

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

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.

Stop-loss function is a must to use one but the problem is that people think they entered the market in a right moment and don't consider to use this option. When their loss is 10%, they think that this is the max, let's risk and wait what will happen. When they see a 20% loss, they think that probably this is the max and selling right now would be a total mess and these continuous and finally, they lose. I have often seen this trend in futures trading when people use high leverages.

But if you really think that trading for some bucks worths the time and the effort you put in it, then you are totally wrong. First of all, you shouldn't start trading with 40-50$ and shouldn't seek for risky movements but when you have normal capital, like some thousand $, then you should aim for higher profits than 1-3$ because in trading usually you have to spend the entire night watching the market in order to catch good moment instead of sleeping, so, yeah, it's very hard and you should act wisely.

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Quote from: Helpme_please on August 04, 2021, 07:39:02 PM

Quote from: Peanutswar on August 02, 2021, 11:27:35 AM

There are a lot of traders who does not consider the small amount of profit because they already make trade big. No matter what happens profit is still a profit at the end of the day we are heading to the profits and not about the losses. Losing in trading is just part of it so look forward to your profit. Sometimes we are having a bad day with the trading the market does not come to us so it's better to have a trading plan if you think you already lose your path bring it back again to the trading plan.

start from little profit and consistent we could earn big profits. It doesn't about how much its amount but about how manage the risk so it could be minimize. every traders ever experience loss and bad day but move on from mistakes and improve skill was good step for our future. i am agree trading plan could be solution to manage our risk and profit so our balance could growth smoothly.

Begin from little profit one day later will be bigger profit and fund can trade, I think is very good opinion because we can take profit every time although after selling coin price up, later wait when price back dump to buy back again. Never panic and try to buy some coin when success touch all time high price because very risk and not worth to hold and get much profit.

to achieve our goals does require a process that sometimes takes a long time. but that is our foundation in forming a business. so that from a small capital and growing into a large course through various problems that must be faced. therefore knowledge and understanding are the main capital for trading, and capital only plays a role after knowledge

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Quote from: Ziskinberg on August 04, 2021, 07:01:31 PM

If I'm in that position, I'd rather have to stop trading for a while and take some moments to realize and find where I'm getting wrong and to evaluate if my strategies are still working or not.

I's healthy when you are a trader, not to push yourself to much but rather taking some break when you see things is no longer working

for you. Assessment with how your trade comes up and pinpoint all important matters that may affects your trading practices.

Quote

It is very important to improve our knowledge and skill, as having a losing streak means that there is something wrong with us and that is a need to take action first and settle it down before we continue otherwise, we could just keep on losing forever.

There's always a winning way if you are keen in seeking the right system. If you keep failing yourself and keep losing your money, it's time
to think more deeper take time to reax and free up some hindrances inside your minds. You'll find yourself clearing things up and start gaining
good system to bounce back.

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Quote from: Peanutswar on August 02, 2021, 11:27:35 AM

There are a lot of traders who does not consider the small amount of profit because they already make trade big. No matter what happens profit is still a profit at the end of the day we are heading to the profits and not about the losses. Losing in trading is just part of it so look forward to your profit. Sometimes we are having a bad day with the trading the market does not come to us so it's better to have a trading plan if you think you already lose your path bring it back again to the trading plan.

start from little profit and consistent we could earn big profits. It doesn't about how much its amount but about how manage the risk so it could be minimize. every traders ever experience loss and bad day but move on from mistakes and improve skill was good step for our future. i am agree trading plan could be solution to manage our risk and profit so our balance could growth smoothly.

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Quote from: Shenzou on August 04, 2021, 06:20:22 PM

Quote from: Zilon on July 27, 2021, 01:39:52 PM

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

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.

In my opinion taking small profits decisions is based on poor decision making or not being confident about your trade especially if you are trading with a good amount , if that so i don't blame you but if you keep on repeating it than you have a problem and you need to work on your strategies and your methods, because it is a bad habit and will lead you to make many losing trades.

If I'm in that position, I'd rather have to stop trading for a while and take some moments to realize and find where I'm getting wrong and to evaluate if my strategies are still working or not. It is very important to improve our knowledge and skill, as having a losing streak means that there is something wrong with us and that is a need to take action first and settle it down before we continue otherwise, we could just keep on losing forever.

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Quote from: Zilon on July 27, 2021, 01:39:52 PM

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

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.

In my opinion taking small profits decisions is based on poor decision making or not being confident about your trade especially if you are trading with a good amount , if that so i don't blame you but if you keep on repeating it than you have a problem and you need to work on your strategies and your methods, because it is a bad habit and will lead you to make many losing trades.

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Quote from: skarais on August 01, 2021, 01:05:10 PM

Has anyone been able to take profit of nearly every trading session they've had so far? If anything, I think they were lucky enough for this. But I'm not so sure that one can do it consistently every session created.

Nope, not in a single day.

Yeah, sometimes I got decent profit but how much do you think I have lost in order to reach that point? It could be possible to take profit everyday if you are just looking for short-term profit like 5 - 10% on every coins but again I would like to reach something bigger than that so I'll just seek for something more profitable once I see it, that's why I have inconsistent wins.

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Quote from: dunfida on August 04, 2021, 03:51:17 PM

Quote from: jossiel on August 04, 2021, 03:45:15 PM

Quote from: Mamun74 on August 04, 2021, 02:58:56 PM

Yes, I hope We can get profit every signl trade.Profit is profit no matter how It's small or big amount. Another side lose is part of trading. We can Learn to lose trading. Learning and working makes good trader. You need to more patience for trading.

Signal?

You don't need that actually if you're trading. You need indicators and verify them if they are really going to work out.

As part of trading, you'll be taking the profit always at your very good trades.

We do have the common goal which is to make profits but not all would be ending up on having same decision on when they would be taking their profits.Some would be re-rolling their profits and some would
secure it right away for faster ROI.

It does depend on the risk you can take and as long you could make money out of your trades then its up to your own decision on when you would be taking those.

We have different level of risk management so these things will really be varying or do ending up on different situation.

Taking the different type of reaching Roi which is to compound my profits for faster making big of my capital or bankroll and would able to achieve bigger positions since you do have already sufficient money to do so which it could really give you out that kind of versatility which would really be an advantage but also having bigger risk but since you do already know on what you are doing then it is really just worth to give a try as long you do aim for making it bigger and aiming for faster return of investment.

You should not rush up yourself on attaining that goal.It should really be slowly and surely and you are right that we do have different decisions on particular situation.

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Quote from: jossiel on August 04, 2021, 03:45:15 PM

Quote from: Mamun74 on August 04, 2021, 02:58:56 PM

Yes, I hope We can get profit every signl trade.Profit is profit no matter how It's small or big amount. Another side lose is part of trading. We can Learn to lose trading. Learning and working makes good trader. You need to more patience for trading.

Signal?

You don't need that actually if you're trading. You need indicators and verify them if they are really going to work out.

As part of trading, you'll be taking the profit always at your very good trades.

We do have the common goal which is to make profits but not all would be ending up on having same decision on when they would be taking their profits.Some would be re-rolling their profits and some would
secure it right away for faster ROI.

It does depend on the risk you can take and as long you could make money out of your trades then its up to your own decision on when you would be taking those.

We have different level of risk management so these things will really be varying or do ending up on different situation.

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Quote from: Mamun74 on August 04, 2021, 02:58:56 PM

Yes, I hope We can get profit every signl trade.Profit is profit no matter how It's small or big amount. Another side lose is part of trading. We can Learn to lose trading. Learning and working makes good trader. You need to more patience for trading.

Signal?

You don't need that actually if you're trading. You need indicators and verify them if they are really going to work out.

As part of trading, you'll be taking the profit always at your very good trades.

Mamun74

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Yes, I hope We can get profit every signl trade.Profit is profit no matter how It's small or big amount. Another side lose is part of trading. We can Learn to lose trading. Learning and working makes good trader. You need to more patience for trading.

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Quote from: Peanutswar on August 02, 2021, 11:27:35 AM

There are a lot of traders who does not consider the small amount of profit because they already make trade big. No matter what happens profit is still a profit at the end of the day we are heading to the profits and not about the losses. Losing in trading is just part of it so look forward to your profit. Sometimes we are having a bad day with the trading the market does not come to us so it's better to have a trading plan if you think you already lose your path bring it back again to the trading plan.

You are right, the profits will always be profits by very few that are, for that, the negotiation I see it as a business, that is, if we compare trade with a traditional business, the ROI of a traditional business is calculated. At about 3 years or more, ROI in commerce is a variant according to the negotiation style.
I think the trade agrees with the personality of each merchant, not all think the same, some have different ways of seeing the market, the core of everything is in knowing what kind of negotiation wishes to do, be short, medium and long term, if it defines that area, it is easier to make a strategic plan according to the merchant's style.

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Quote from: izsara on August 01, 2021, 12:41:57 PM

Learn and continue to learn from every trade that is made, at least it has given an idea of how the trading cycle works in each predetermined time frame.
Because trading will be effective if we apply some knowledge of trading strategies, at least a simple strategy that is easy to understand.

There are many simple strategies that can be applied. just choose which one is suitable and easy to understand. Basic trading is very important to know in order to be able to read market movements correctly. Learning and continuing to learn from every trade you make will improve your trading skills and trading experience even more. Technical analysis can't be learned overnight, it takes several tries to get good results. Trading will not always be profitable, there will be times when you will experience losses

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Quote from: Zilon on July 27, 2021, 01:39:52 PM

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

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.

There is no doubt that we must always try and end every trade in green (profit) and the benefits are beyond just profits. I will explain why and what benefits you get as you end each or most of the trades in green.

When you end up a trade, there is a particular sentiment towards trading you feel and when you make even 1 cent loss, the sentiment will always be negative while if the trade was closed in green, the sentiment will be positive which fuels you for future trades and gives confidence which is not just good but crucial for a successful trader.

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There are a lot of traders who does not consider the small amount of profit because they already make trade big. No matter what happens profit is still a profit at the end of the day we are heading to the profits and not about the losses. Losing in trading is just part of it so look forward to your profit. Sometimes we are having a bad day with the trading the market does not come to us so it's better to have a trading plan if you think you already lose your path bring it back again to the trading plan.

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Quote from: skarais on August 02, 2021, 10:51:08 AM

Quote from: ?? on ??

You right, not any one in trading can manage with always profit consistently every session created because we can't predicting when bitcoin or altcoin suddenly dump, now many outside news make trader and investor panic to sell their coin. This why always use 60% from my fund to buy some coin, left 40% I use when bitcoin or altcoin suddenly dump so I got with good price.

Asset diversification is one of the strategies that many traders use in an effort to increase the profitability of their asset. If you believe enough in bitcoin then you can be 100% with it but if not then you have to diversify. There is nothing wrong if a trader chooses 50% of his total asset to be in altcoin while in my opinion bitcoin should also be considered in his portfolio.

This is one of my methods, in order to gain then diversify your money so you can gain from other coins too. Take advantage of other potential cryptocurrencies because there are many of them with a good use-case and the potential to be game-changers in the crypto market. And if you only have a small amount of money to invest, it's better to make money on other new altcoins that can pump x2 in a short period of time. Don't be loyal to one, diversifying your money is a good method, many people have already tried and get profit from this method.

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