I don't think taking small profits all the time would be ideal but will still depend on the trader's skills and understanding of the market. I would prefer to take huge profits one at a time so I'll get a better amount. We could actually be a short term trader or a long-term holder depending on our comfortability. We could apply different strategies as long as we're gaining profit.
we have to comparing our profits target with risk that we have to face, money management teach us to use proper ratio between risk and profit. we should not open trade when risk that occur bigger than profits potency, it could not make us survive in market if our loss position have bigger amount. 
Topic: Always take profit - page 7. (Read 1267 times)
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.
I don't know how much the capital is, but to be honest $1-3$ is a too small profit. In my opinion, at least you can earn above $10$ for a single coin you trade daily. Usually, I use about $50 - $200 for daily capital buying 1 crypto coin. If my target is only $1-3$, it seems just wasting my time a day. Our efforts in trading should be appreciated better, below $5 seems very unworthy. 
I think it is no problem if we will take profits at that rate. Moreover, it will depend on the amount of our capital. sometimes, I also take profits at that rate because I only have a small amount and although it is small profits, if it is continuity, it can be big,
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.
That's a human instinct to protect our capital because of fear of losing huge amount of money, but it's just alright to be greedy at least for our benefits. Personally, I've also with that experience last time when my tokens got so high in value but due to green I failed to sell them because of huge expectations that $1 can be attained one day. Greed not only exist by the time you decide to sell all your asset but also you're green for an opportunity that's not yet happening.
I think it is no problem if we will take profits at that rate. Moreover, it will depend on the amount of our capital. sometimes, I also take profits at that rate because I only have a small amount and although it is small profits, if it is continuity, it can be big,
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.
When you do it consistently even inspite of the losses then it would be still considerable to make your capital big until you do make some compounding which would really be the best if you are just a small scale trader.I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.
Taking profits should be your main goal or priority but also mind of that there's always a corresponding fee on every sell or buy that you would make.Therefore, there would be deductions which will really be
accumulated on even though on small percentage deductions but it would be significant later on as you do continue.
It is really on someones own ways on how he would sustain this market even though he's aware on the fees but still as long it could give out greens into his port then that what
matter most.
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.
I don't know how much the capital is, but to be honest $1-3$ is a too small profit. In my opinion, at least you can earn above $10$ for a single coin you trade daily. Usually, I use about $50 - $200 for daily capital buying 1 crypto coin. If my target is only $1-3$, it seems just wasting my time a day. Our efforts in trading should be appreciated better, below $5 seems very unworthy. 
I think it is no problem if we will take profits at that rate. Moreover, it will depend on the amount of our capital. sometimes, I also take profits at that rate because I only have a small amount and although it is small profits, if it is continuity, it can be big,
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.
Op you can actually make profits depends what amount you wanted to trade in the market.. And that $1-3$ for sure you have small capital that's why you can only get such estimate price despite of the situation.. I agree that it's to difficult now to earn a massive profits but yeah there's still opportunities to win from trading which a chance to make good profits even just short term, but of course you need a big capital so that you can make a good return after as well.. Not small capital coz its a waste of time when doing short term..
Refusing to take profit has really ruined some traders, most times jumping into a trade isn't t the most important, our greed blinds us from seeing that a trade has made profit and that we should leave the trade, instead we keep chasing more profits. Just like holding a gold and keep picking stones. As a good trader we are supposed to trade with target and when our target hit we exit trade, to be a successful trader greed shouldn't be part of us.
This actually reminds me of the crash game we play at crypto casinos. It's all about greed management and actually one can learn greed control by playing that game even if for fun and with play money or negligible amounts. The rocket starts and you decide when you want to cash out because too early means you missed a big chance of multiplying the bet and too late means you got too greedy and lost everything.The same can be applied here in crypto trading, you wait for the profits for too long and might end up regretting while at the same time you don't want to exit the market too quickly because everything was setup right for you. At least in trading you can partially cash your profits and setup stop loss so take advantage of those things.
Have you considered taking profits of $1-3$ repeatedly throughout a trading session
No, I wouldn't consider this method but it might be good for novice traders who are learning. In addition, I think day traders are traders who are quite accustomed to prioritizing relatively small profits compared to long-term traders. Although I am not a professional in trading, but I am not interested in taking $3-$5 profit per session. There may not be anything wrong, it's just that you need more time to see the price movement. 
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.
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.
You know, I also learned to trade cryptocurrency, I tried to fix profits as often as possible in order to understand how the trading system works and to motivate myself for further trading. Yes, this is a small profit, but as for a beginner in trading, it is quite normal for itself, all the more it raises your mood and shows you that all your actions are correct and you have a profit. But after such a run-in, you can raise rates, but here you need to remember about the risks, since the more profit you expect, the greater the risk of losing it.
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.
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.
You know, I also learned to trade cryptocurrency, I tried to fix profits as often as possible in order to understand how the trading system works and to motivate myself for further trading. Yes, this is a small profit, but as for a beginner in trading, it is quite normal for itself, all the more it raises your mood and shows you that all your actions are correct and you have a profit. But after such a run-in, you can raise rates, but here you need to remember about the risks, since the more profit you expect, the greater the risk of losing it.
I agree with you, trading has a strong factor on psychology and managing our emotions, so doing something that makes us feel good is important. If we only focus on making money without any spending it we lose sight of what is important. With our trading profits we can buy something for ourselves from time to time to make us feel better. It doesn't need to be something fancy, a good dinner from time to time can already make a big difference.
I think that for most traders, for whom trading is not their main job, they have an office job and a salary that allows them to support their family. Therefore, such traders reinvest their profits in order to collect really large capital that will allow them to leave their work in the office.
I don't think taking small profits all the time would be ideal but will still depend on the trader's skills and understanding of the market.
Good point, as we can't deny that there are day traders who can do this kind of trading practices.Quote
I would prefer to take huge profits one at a time so I'll get a better amount.
Personally, I go with you. Taking huge amount of money holding in a much longer time, I would like to wait and maximize the profits.Quote
We could actually be a short term trader or a long-term holder depending on our comfortability.
Just know and understand your capabilities, it relies with how you manage your decision-making.Quote
We could apply different strategies as long as we're gaining profit.
We can both combine as long as we are willing to enhance our chances within this venue of business.
It is obvious that trying to take small capital is only good for people who have a very low balance, but that is basically not good enough for your gas fee if you are in DEFI world and swaps, and even in central exchange you need to basically make few trades good like that just to have withdrawal amount, may take a whole day of working just for the withdrawal fee. All of this combined shows that if you are poor enough to think 1-3 dollar profit is good enough, then you should probably focus that working hours on something else to earn salary.
There are many very bad jobs out there in the world where you can work and earn a small amount, work in a McDonalds and you can make 500 bucks (even depending on nation, I doubt there are many nations that pay less than 500 dollars in 3 months, there are some but not majority) which means you could gather bigger capital first.
There are many very bad jobs out there in the world where you can work and earn a small amount, work in a McDonalds and you can make 500 bucks (even depending on nation, I doubt there are many nations that pay less than 500 dollars in 3 months, there are some but not majority) which means you could gather bigger capital first.
I don't think taking small profits all the time would be ideal but will still depend on the trader's skills and understanding of the market. I would prefer to take huge profits one at a time so I'll get a better amount. We could actually be a short term trader or a long-term holder depending on our comfortability. We could apply different strategies as long as we're gaining profit.
Not everytime because there are times when you have to be smart and a bit greedy and patient especially when the prices are continuously going up, you have to wait for it to go up to what you think is the highest peak of that time and try to sell it at your guessed point so you can make a lot of money. Some common sense can help you especially during times that you have doubts on whether taking the profit or not.
Quote
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
i think it was the professional that do that or those people that are in trading because they know that its hard to profit in a volatile market so instead of waiting for a long time and a possibility of another decline they just work there way up collecting smaller amounts and it was the newbies that dont have enough knowledge but are too ambitious and wants big profits but they fail to get it . 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.
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.
Short time trader do earn quick profit now, and while btc was trying to catch-up another bounce the traders seem to be so aggressive to grab their profit. Eventually, buyers also take every bids as demand continuously undertaking. But for those long term holders, patience is their only motivations before reaching success.
I haven't considered taking profit with the example amount of how much you should take in profit. That's low and others would think of the same because we're all for a decent profit.
Not that small but not that big as well but considerably to boast as a profit that we've made in trading. But you're right, profit is profit regardless of the amount you've taken than to take further losses.
In actual sense the Genesis and happiness of trading is a profit, no one can be happy when is getting lost always, so for the happiness and more research approach to be continue via trading showing that the trader is at positive side, you have to bring out your profit without hesitation, because a little delay might cause or wipe away both the profit and the capital, so no matter how ambiguous, quantity, large or small a trading profit is, "bring it out" don't allow it to accumulate before doing what's obtainable. Shall in this trading aspect some people actually have a specific target that comes to their mind before going for any trading. Not that small but not that big as well but considerably to boast as a profit that we've made in trading. But you're right, profit is profit regardless of the amount you've taken than to take further losses.
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.
Yup, it’s very important to take your profit before the market goes down.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.
But, you can’t tell when the market is going to crash again. It is now up to you to know what you really want.
You can decide to set a target that you think will be okay for you to take profit and when the market reaches that level you can decide to take your profit, or if you feel that the market is still going to keep increasing, you can just take a bit of it and leave the rest as you continue to watch the market. Anyone who is trader always has to be watching the market steady so that you won’t lose. You can set your stop loss as well when you’re trading to limit the loss.
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