Choosing the right time for profit | Bitcointalksearch.org

Smitty Werben Man Jensen

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If we are a long-term investment then choosing the right time for profit is to wait until the price we set can match, unfortunately at this time it is too easy to panic so we sell crypto at a low price.

Patience and self-control are very important when investing long term,
sometimes indeed every time the market goes down we panic and sell it and I think that can make us lose money

marilynmanson21

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Quote from: livingfree on September 08, 2021, 05:19:42 PM

Quote from: marilynmanson21 on September 08, 2021, 05:10:52 PM

in determining the right time to get a profit is very difficult because the movement is very fast and difficult to predict, especially in the "bearish-sideways-bullish" cycle

Not that really hard. You don't have to predict your time of profiting. As long as you get the profit when the market is up and it's favorable to you. You take profits, as simple as that.

Quote from: marilynmanson21 on September 08, 2021, 05:10:52 PM

I sometimes misunderstand and place the order , so I don't use that cycle, just set price targets whenever I want and what is my target to get profit without seeing the cycle

It's that simple, you only have to put and wait for that price you desire to be hit by the market itself and you get the profit.

everything looks simple if you understand the direction and flow of the coins we have, and the coin has a good history, but what if the coin is new to see it,

Ararbermas

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

traders actually doing the same way what investors did because of the mannerism of crypto currency, wherein most traders sometimes hold and prefer to dump if however it's needed especially if they all knows that the bearish will take over the market.. But for me traders is the most profitable, you know why? Because traders can avoid the massive correction of the market, and buy again to the lowest price to obtain good profits in the future.. Unlike investors that only waiting to reach the target but the leverage of their income are not the same with traders.

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Quote from: sumant on September 14, 2021, 07:20:45 AM

It is very interesting question. I have seen many people holds the coins more time when they are in loss but when price picks up then everytime they thinking to sell. In any market you should give time to bring some marketcap, some innovative thing then price will picks up. Buy at low don't panic if price falls. Hold till you need money this strategy will bring you much profit and you will become a smart trader.

How if you hold but the price is still down while you need money? Will you sell your coin at once because you need money? If so, that will not be good for you as you will not know when you should sell your coin at the right time?

If you want to invest in anything, you should not use money that you used for your daily needs. Otherwise, that can not work for you because you will sell your coin, even at a loss when you need money.

Buy low and sell high is the basic, but only used the money that is free from anything so if you need money, you can cover it from the other money and not disturb your investment. If you can do that, you can sell your coin at a profit, especially if the price increase higher.

sumant

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It is very interesting question. I have seen many people holds the coins more time when they are in loss but when price picks up then everytime they thinking to sell. In any market you should give time to bring some marketcap, some innovative thing then price will picks up. Buy at low don't panic if price falls. Hold till you need money this strategy will bring you much profit and you will become a smart trader.

OrangeII

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Basically, most professional traders also create bases and targets for selling their assets. For example, if he buys a coin at a price of $5, his target to sell for a profit is $7, however, if the price drops and worsens, his target to sell at a low price is $4. So, when the price reaches one of them, they will sell the asset.
unfortunately, I don't use that method. I continue to hold the asset I own even when the price goes up high or down. I only sell it when I need money. Besides that, I'm also aware of the cycle. I also believe in the coins I hold today.

Cindella

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It takes a process to succeed in investing in cryptocurrency in the crypto market, we must continue to learn crypto knowledge and accumulate experience from it.
Any cryptocurrency will experience periods of ups and downs, and no one can accurately determine the best time to buy and sell. But we can avoid losses by analyzing market trends and price fluctuations, setting profit targets, timing and investment strategies.
Emotions can also affect trading and investment. When affected by market sentiment during the trading process, it is easy to miss better opportunities and cause economic losses.

fullhdpixel

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

I think it’s good to have a price target, you actually need to know what you want to achieve and target on that. Then another thing is that we also need to know when the market is going or being bullish, and when you have reached your target, you need to have a little patience and still hold some of your assets. You can decide to sell maybe 50% of what you’re holding or even 20% of it, and then leave the rest to keep growing. And if eventually the market becomes bearish, you can then sell some of the remaining ones and get your profit before you lose all of them. So you really have a good point here.

Marcorey

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Any cryptocurrency is risky. It takes time to learn about cryptocurrency and choose a currency with trading value.
Research and analyze the market before trading, and set profit and loss targets, and stop loss and profit in time.

pawanjain

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Quote from: Viscore on September 12, 2021, 02:41:33 PM

Quote from: pawanjain on September 11, 2021, 09:23:01 AM

Speculation is something that is done by every trader but not executed successfully by many.
The right time for profit is anytime when we have at least 1% profit out of the current trade. The profit % can obviously be big but shouldn't be less than 1%.
To take profits at the right time we must have a clear strategy in our mind and also we must be able to execute it successfully.
But many get indulged in FOMO and ruin their strategies and end up in loss.

If we aim to create concrete profits, then we should learn to avoid FOMO as this won't bring any positive result but only losses. Choosing the right time for profit is quite hard knowing we can't even predict the market correctly. But as long as we see the investment grows and create good profits, then we can start reaping it before the price goes down again and lose the profits.

Most of the time, greed is also a big factor why we still end up losing even if we see already profits on hand. If we keep on waiting for higher profits despite of the high price volatility that cause sudden price changes, then we might see ourselves fall for the trap that leave us with a huge loss instead of a good profits.

FOMO traders are bound to make losses because they do exactly what the experts want them to do.
They buy high and sell low which eventually lands them up in big losses.
Greed is definitely an additional factor which turns the profits into losses but it also sometimes increases the profits to a bigger extent.
This is why we should always stick to your targets and exit when we are in profits.

iv4n

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Quote from: BayAngelo on September 12, 2021, 11:04:40 AM

honestly, i strongly believe that the crypto market has a long way to go and there are still some people that are controlling the market. i believe that time will come when the so called whales will no longer has control. No matter how they pack bitcoin. No matter how they use bitcoin to control the market. the time is not yet right for the crypto market to grow above bitcoin dominance.

That time is not near...

The timing is everything, you can think about choosing the right time for profit only if you entered the trade at the right time! One doesn't work without another! And when is the right time to get into is like a speculators game, we don't know it until it happens, it's why you never buy all at once, you buy in portions, making more than one buy order... it's how you are selling too... it's the only way for feeling the bottom and top!

Viscore

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Quote from: pawanjain on September 11, 2021, 09:23:01 AM

Speculation is something that is done by every trader but not executed successfully by many.
The right time for profit is anytime when we have at least 1% profit out of the current trade. The profit % can obviously be big but shouldn't be less than 1%.
To take profits at the right time we must have a clear strategy in our mind and also we must be able to execute it successfully.
But many get indulged in FOMO and ruin their strategies and end up in loss.

If we aim to create concrete profits, then we should learn to avoid FOMO as this won't bring any positive result but only losses. Choosing the right time for profit is quite hard knowing we can't even predict the market correctly. But as long as we see the investment grows and create good profits, then we can start reaping it before the price goes down again and lose the profits.

Most of the time, greed is also a big factor why we still end up losing even if we see already profits on hand. If we keep on waiting for higher profits despite of the high price volatility that cause sudden price changes, then we might see ourselves fall for the trap that leave us with a huge loss instead of a good profits.

BayAngelo

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honestly, i strongly believe that the crypto market has a long way to go and there are still some people that are controlling the market. i believe that time will come when the so called whales will no longer has control. No matter how they pack bitcoin. No matter how they use bitcoin to control the market. the time is not yet right for the crypto market to grow above bitcoin dominance.

zachyboy090118

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Your right the market signal is very volitale and hard to predict. For traders they always look at the movement of the candle stick specially on those doing day trading method. While the investors mostly engage in long term investment which also expert on there thing. They both have one target and that to gain profit. That stop loss you talking applied by the traders as they opposite from investor, traders doing short term investment mostly

pawanjain

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Nothing lasts forever

Speculation is something that is done by every trader but not executed successfully by many.
The right time for profit is anytime when we have at least 1% profit out of the current trade. The profit % can obviously be big but shouldn't be less than 1%.
To take profits at the right time we must have a clear strategy in our mind and also we must be able to execute it successfully.
But many get indulged in FOMO and ruin their strategies and end up in loss.

cvasy

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Quote from: CaptainCrapper on September 11, 2021, 02:10:58 AM

yes, the market was growing day by day but now the situation is not good so if anybody wants to invest hare at fast need study BTC if BTC condition is good everybody can profit by trade otherwise not possible profit.

Profit or not profit in investing and trading really depends on the coin you choose and can survive in any conditions, because in every condition we must always use a very wise strategy so that we do not lose in every investment and trade

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Quote from: CaptainCrapper on September 11, 2021, 02:10:58 AM

Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

yes, the market was growing day by day but now the situation is not good so if anybody wants to invest hare at fast need study BTC if BTC condition is good everybody can profit by trade otherwise not possible profit.

who says it's impossible to make a profit. in short-term investments even for day trading in any market conditions, can benefit. It all depends on our assets and skills in managing trades.
you can see how assets like AAVE as well as ONE. if you have skills in trading I think you can profit even with assets that are not top market.

The Cryptovator

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Tell me who wants to lose anything in the world? Everyone always likes just gain and gain. No one is ready to accept the losses. But unfortunately, we are losing and someone is making money. It's happening always in cryptocurrency and that's how trading and investment works. You are an investor doesn't mean you always will be the gainer. Who knows if start a bear market after you invest. So we don't know even there is a right time or when is the right time. What I follow for me, the only right time is selling your assets when you have profit. But it's not out of risk, after selling the price would bump higher and it has been happening always with me. That's why I said we don't have the real right time. Take the profit whatever you can. If you sell a part of your holding, you will regret it in case of the dump. So we are unable to come out from this puzzle.

CaptainCrapper

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

yes, the market was growing day by day but now the situation is not good so if anybody wants to invest hare at fast need study BTC if BTC condition is good everybody can profit by trade otherwise not possible profit.

RockCryptoWorld

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Well yeah I tried to predict the movement on the market and invested in SDAO (Singularity DAO) and I completely agree that your target means a lot
You invest in the project expecting some profit and if we're talking about long term projects you can only say that the product can be very hyped in 3 month or in a year or even two and you see that the team is really great but one day bitcoin can boost you up, the other let you down
I'm included to believe that BTC will go up
Hopefully bullish trend for BTC

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Quote from: Xampeuu on September 09, 2021, 01:34:59 AM

Quote from: Devifajarina on September 09, 2021, 01:09:20 AM

Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Basically the crypto world is also directly related to trading, it's just that there are many differences in doing and running it, the final target is to find big profits from all forms of investment, careful planning and proper analysis when buying / selling is very necessary.
It's true, no one can predict the market accurately one hundred percent, but at least someone must be able to predict events that will occur and prepare the right steps if things get out of control, so that our investments do not experience big risks in investing in the future.

Such people who can survive in the crypto market, they realize that no analysis is 100% correct, so he must anticipate it and dare to take measured risks. and no one can trade to make continuous profits, every now and then of course the analysis is wrong, and dare to take a cutloss, because they are aware that there will still be many opportunities to make a profit

But if this continues to happen, they will not be able to survive in the world of trading in particular, if they lose money almost every time in trading, big risks usually can only be solved by people who are ready in any condition, but at first every trader will experience various conditions. which involves them at risk, if this can be controlled slowly, then the opportunity for success is very easy for them to get in the future, therefore they need knowledge in doing anything, especially about trading.

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Sometimes people not really aim for target price because they actually don't know or can't analyze in where price of coins that he already bought will go. Like me, i can't analyze and only bought bitcoin blindly, if increased then i will happy, but if dumped i will still hold and not much see market.

Kasabus

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Quote from: RiskySanchez on September 10, 2021, 05:55:17 AM

The point is never to follow the market cycle because that's how crypto works which always makes us emotional and what we know is that the value of profit and loss in crypto is always dynamic, so decide when to leave the market to take profit before you cut loss. it's better to enter the market when it's calm before the market hype again.

Of course its better to take an entry when you see prices are in dips and you could actually buy all those potential coins you want. Now if we see dips are good opportunities to buy, then having its bullish prices too would mean a good time to make profits. But since we can't predict when will the market become bullish, then maybe setting a target goal price can be very helpful.

Crypto is not just hodling alone but we also have to take time for profits. And definitely its the main goal of all traders and investors so we should be able to know when will be the best time to make profits and use it for our own advantage.

tvplus006

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Quote from: kryptqnick on September 09, 2021, 05:55:58 AM

I agree with the op that having a sell target is important, but if things are looking devastating, sometimes it's the right decision to sell and lose some money than not to sell and lose everything. ...

This rule is carried out only by traders, investors usually continue to hold their coins regardless of which way the market is moving. But since most of our traders are also investors, they also try to close their positions in order to buy them back at a lower price.

isaac_clarke22

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

~

It's not that you're "sure" of the prospects, OP. Even if such project would yield you 8x or "to the moon" phrasing, which is an overhyped statement. Just don't throw all your money into it. What if you weren't able to sell everything?
If you are not sure, don't invest at it at all. You can't eliminate the risk, but you can manage it.

carrigan

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Very true, I agree with your opinion. don't just be casual, but you need to consider before you trade, even though the market is difficult to predict, at least you have the provisions and preparations. Stop loss is also important and should not be missed. In addition, you also need to see market developments as often as possible so as not to be left behind with good and profitable important moments.

RiskySanchez

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The point is never to follow the market cycle because that's how crypto works which always makes us emotional and what we know is that the value of profit and loss in crypto is always dynamic, so decide when to leave the market to take profit before you cut loss. it's better to enter the market when it's calm before the market hype again.

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Quote from: naikturun on September 09, 2021, 10:03:37 PM

it might be hard to implement for people who have only traded a few times, so yes I just buy and hold it for a long time and then sell it according to my target time to hold the coin, and plan the next steps I will take. I don't get hung up on day trading because it just doesn't seem right for me.

Buying and holding it for a long time will be a good idea if you feel it is hard to know where the market will move. By doing that, you do not have to think seriously about how the market will move, as you only need to wait for the right time to sell your coins. If you finally see the price start to move to the higher price in the next weeks, you can prepare your coins to sell and before you do that, you need to know your target price to sell. I think that type of trading will be good for people who feel difficult to do day trading because they can minimize the risk of losing money.

lienfaye

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.

Thats true, having a plan to follow is better, it will serve as your guide to not commit or turn to a wrong path. But first, take time to learn and be familiar with crypto because most of them are existing without utility, just pure hype and risky to invest in. The right timing to take profit depends on each of us, because sometimes we have high expectation to a particular coin or we have set a target price. For me if the price is in bullish then its time to take profit then buy back once there's a correction. But I also have few coins that I prefer to hold for long period, they're an established coins.

naikturun

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it might be hard to implement for people who have only traded a few times, so yes I just buy and hold it for a long time and then sell it according to my target time to hold the coin, and plan the next steps I will take. I don't get hung up on day trading because it just doesn't seem right for me.

Questat

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Quote from: kurniawan05 on September 09, 2021, 06:05:57 PM

Almost all coins experience bullish and bearish times, if you believe the coin you are holding is good, keep it even in bearish conditions, if in doubt please sell when the price is good. We are often trapped by selling a low price for a good coin when buying it at a high price because we are worried that the price will go down even more.

That it comes into panic selling where most newbies had experienced such a thing. If they can manage to control their emotions, this will not happen to them. However, choosing the right time for profit is less possible to find especially when we are in this thing. To invest must consist of some patience. If we are thinking about instant returns from our investment, this certainly won't work.

Botnake

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Quote from: Spack17 on September 09, 2021, 05:54:58 PM

It is really important for an investor to be aware of this. This prevents greed a lot also. For example, I set some price goals to sell the amount of my coins that I determined already. Otherwise, I know that greed could take the control of me and make me do really stupid things. Rather than waiting for more, acting according to a price goal is much safer I believe. I know that there are people who just make an investment and forget about it for even many years but I'm excluding them while talking about the situation.

Once we enter into investments, atleast we have set already our goals and exactly the best time when to take profits. And since the market keeps on fluctuating so it will be a brilliant idea to set a target selling price before greed will control your plan and lose everything in the end.

For me, our main goal is to make profits that's why we're here to invest and so if we see already good profits that will satisfy us then grab the opportunity. The next day might never be a perfect time to gain your profits.

kurniawan05

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Almost all coins experience bullish and bearish times, if you believe the coin you are holding is good, keep it even in bearish conditions, if in doubt please sell when the price is good. We are often trapped by selling a low price for a good coin when buying it at a high price because we are worried that the price will go down even more.

Spack17

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It is really important for an investor to be aware of this. This prevents greed a lot also. For example, I set some price goals to sell the amount of my coins that I determined already. Otherwise, I know that greed could take the control of me and make me do really stupid things. Rather than waiting for more, acting according to a price goal is much safer I believe. I know that there are people who just make an investment and forget about it for even many years but I'm excluding them while talking about the situation.

Rigon

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In fact, when you start trading in cryptocurrency, you have to consider different aspects. It has been seen that you have to give time in a way where you can consider different aspects. When you are trading Understands well then can survive in the market right now. And for those who don't know much about trading, what will happen next, and can't analyze the crypto market, they are cryptocurrencies Lost their profits on the trading platform.So while training you have to make the right decision and the right time to trade and analyze what time it is.

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Learning how to trade is one thing and taking profits is another thing which can be imperfect at times because there is not always a best time to take profits. The market moves in a big zag manner which makes the market perfectly unpredictable with no time to determine what will happen next in the market.

Taking profits have to be a target base thing that is focus executed to take out already made profits that had been made in the market. Where taking profits, there are tools that traders uses to analyze the best time to take profits with the use of technical analysis.

It's better to take your profits when the market is in profit at any time than to leave the market with loses which is unwise. Greed had being an obstacle to traders when it comes to taking profits in the market which had affected many traders to end up there trades with loses.

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If we are daily traders, we commonly have to know the movement of the price from the chart. And commonly everyone has set the target price of taking profit and also stop loss. Moreover the margin or future trading. They have set in maximal several percentages to take profits. And even the price goes higher again, it is no problem because they're looking for another profit again from another trading.
And for spot trading, it is safer. I personally always take profit is several targets by percentages. So, I will not sell 100% at once, but at least 50%-70% at first or selling to get my own capital and then the least to get higher prfoits.

huu78

sr. member

Activity: 1204

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Undeads.com - P2E Runner Game

Yes that's how crypto investing goes. Both traders and investors i think they will still take profits as long as they keep making it. What can make a loss is a target that is too big to pick it up. Then everything will be messed up because of the pressure of regret. This must have happened to all of us.

sukmo

full member

Activity: 760

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Moonbet.io

It all takes a process to achieve success with cryptocurrency.
We learn from experience and are always looking for new knowledge in this forum.
Gaining profits and losses is one of the risks of cryptocurrency users.
But all can be seen from their initial intention to join cryptocurrencies.

kryptqnick

legendary

Activity: 3248

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I agree with the op that having a sell target is important, but if things are looking devastating, sometimes it's the right decision to sell and lose some money than not to sell and lose everything. I don't think a situation like this will happen to Bitcoin, but anything is possible. Also, there's a good chance that there will be no need to sell Bitcoin because there will be an opportunity to buy things and services with it directly, if we're talking about long-term hodling. That being said, there should be an idea on how much purchasing power is enough to start using Bitcoin (or selling for fiat) because if there's no limit, there's a big risk of never getting to use Bitcoin and living one's life as if Bitcoin never cost anything.

danherbias07

legendary

Activity: 3318

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Leading Crypto Sports Betting & Casino Platform

I think this is one of the reason I rarely trade now. The confusing part is what I hate and a lot of time emotions are blocking my sense of right decision. When you trade, you are suppose to just sell it off without having any regrets. Emotionless, you should not care if it will fall or not.
When you invest, you tend to get attached with the project and most likely you will have a difficult time to decide and sell thinking there is still a chance later on.
Now, I am just investing and if there is a chance to sell I'll do it if the price of each coin is too far from where it should be then buy it back at the lowest possible.
I guess the experience in trading is still there but with a different kind of attack in the market.

indo1

sr. member

Activity: 1904

Merit: 256

Vave.com - Crypto Casino

Depending on the style of trading itself, if you are used to short-term trading then it would be good if you enter the bull market, we will get a very quick profit, albeit a little. If you are familiar with the long-term trading style, enter when the bear market is the right choice.

gabbie2010

sr. member

Activity: 2842

Merit: 326

Vave.com - Crypto Casino

Quote from: Teknisi88 on September 06, 2021, 12:10:55 PM

Predicting the direction of a trend is not just guessing or speculating without a clear basis. A trader must be able to predict price movements. One way is to use forex indicators.
One way to gain profit in investing is to analyze. A trader's skills in analyzing are needed in the trading world. Technical analysis is one that is widely used by traders as an analytical technique used to predict trends or price fluctuations within a certain time span.

Prediction of the price of cryptocurrencies or forex trading is just like a calculated guessing, it is not 100% sure that it going to hit profits even with price analysis, however TA is always adopted to put the trader in the right direction and track of the trend however nobody knows when a trending market start or will end but we can use TA with some indicatorsto enter the trend and leave after taking profits before the termination of the trend, thus it often advisable to take profit appropriately and avoid greediness as a trader due the high volatility of the cryptocurrencies market.

adeyemirichard71

newbie

Activity: 25

Merit: 1

To grow your portfolio substantially, take most gains in the 20%-25% range. Though contrary to human nature, the best way to sell a stock is while it's on the way up, still advancing and looking strong to everyone.

velosepur

full member

Activity: 1106

Merit: 101

There is no specific moment , there is no that way we can make profit. Crypto market is dynamic and trading runs every second. We can only try to follow market steps and catch waves of sell and buy orders.

fileo

member

Activity: 658

Merit: 10

Rangers Protocol

To be honest before I love meme tokens because I thought easy money in a short time is very very possible. But I came to realized that meme tokens are not really useful in cryptocurrencies ecosystem. Majority of my meme token investment was decline sharply more than half. That's why I avoid investment in meme token now. I learn that as long as you have target to earn profit small or big, it is still a win. Lose is what we don't like but to win is our main goal in investment.

traderethereum

hero member

Activity: 2870

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Vave.com - Crypto Casino

You can take profit anytime you want but make sure you have a target price to sell and not sell in the loss.
After you bought the coin, you need to have a target price to sell so you know when it comes or you can set a target sell at a certain price and place it as an order queue.
As long as the price is higher than the price you bought, you are making a profit, but if you sell the coin in the bearish trend, you will not profit.
The traders and investors will have a different price to sell so it is better you set your target price before the price is down.

Quote from: Harriett on September 09, 2021, 01:21:31 AM

I think it is difficult for people who have been in the crypto market within 5 years to learn to sell, so since selling is so difficult, learn to buy first, only look for opportunities to buy, and never put all the money in.

When you learn to buy, then learn how to sell, otherwise many times the funds will evaporate in the wrong operation.

I do not think so because people who have been in the crypto market for a long time ago can have greediness wanting to take a bigger profit which is not always happening.
The right time for profit is when your selling price is higher than the price you buy.

Xampeuu

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Quote from: Devifajarina on September 09, 2021, 01:09:20 AM

Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Basically the crypto world is also directly related to trading, it's just that there are many differences in doing and running it, the final target is to find big profits from all forms of investment, careful planning and proper analysis when buying / selling is very necessary.
It's true, no one can predict the market accurately one hundred percent, but at least someone must be able to predict events that will occur and prepare the right steps if things get out of control, so that our investments do not experience big risks in investing in the future.

Such people who can survive in the crypto market, they realize that no analysis is 100% correct, so he must anticipate it and dare to take measured risks. and no one can trade to make continuous profits, every now and then of course the analysis is wrong, and dare to take a cutloss, because they are aware that there will still be many opportunities to make a profit

Harriett

newbie

Activity: 29

Merit: 3

I think it is difficult for people who have been in the crypto market within 5 years to learn to sell, so since selling is so difficult, learn to buy first, only look for opportunities to buy, and never put all the money in.

When you learn to buy, then learn how to sell, otherwise many times the funds will evaporate in the wrong operation.

Devifajarina

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Activity: 602

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Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Basically the crypto world is also directly related to trading, it's just that there are many differences in doing and running it, the final target is to find big profits from all forms of investment, careful planning and proper analysis when buying / selling is very necessary.
It's true, no one can predict the market accurately one hundred percent, but at least someone must be able to predict events that will occur and prepare the right steps if things get out of control, so that our investments do not experience big risks in investing in the future.

RokokGudangGaram

full member

Activity: 966

Merit: 102

There's no such thing as right time. But instead right price, when we are doing analysis in the market we already predicted the possible profit price and the losing price so the time varies to hour, day or weeks unless it hits either profit price or losing price. So there's no right time but only right price in my opinion.

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.

Usually the terms investor and trader are different. Trader is one who regularly trades based on indicators and investors are ones who look for projects to put their money in. However in this market, both terms are often used as synonyms.

But the only plan you need is to buy at low and sell at high. You can be in the market for a long time if you place your orders with proper intuition backing them.

Quote

The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Your last statement does not match with the first two. When you take profit, you will have to sell - then why you recommending not selling at all? That is the stubbornness mistake that traders sometimes do in the first few months.

Creating new portfolio entries is not a good thing. The more altcoins you put in, the more risk you are carrying. Crypto should mean only bitcoin. Diversification should mean fiat markets and not altcoins. These are the only things a current generation person should look into. Anything else is bogus.

ryzaadit

legendary

Activity: 2660

Merit: 1261

I don't think targeting profit is a good option.

If you still learn, the one important things you should know not how much profit you are made but the ended of your trade is ended with a profit or loss. The decision will be always from the condition of crypto market, If there has some scenario the price is down then you should make the decision to end the trade.

livingfree

hero member

Activity: 2884

Merit: 579

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Quote from: marilynmanson21 on September 08, 2021, 05:10:52 PM

in determining the right time to get a profit is very difficult because the movement is very fast and difficult to predict, especially in the "bearish-sideways-bullish" cycle

Not that really hard. You don't have to predict your time of profiting. As long as you get the profit when the market is up and it's favorable to you. You take profits, as simple as that.

Quote from: marilynmanson21 on September 08, 2021, 05:10:52 PM

I sometimes misunderstand and place the order , so I don't use that cycle, just set price targets whenever I want and what is my target to get profit without seeing the cycle

It's that simple, you only have to put and wait for that price you desire to be hit by the market itself and you get the profit.

Questat

hero member

Activity: 2982

Merit: 610

This is really how crypto works and never have found the perfect time when to buy and when to sell, and having a good profit is likely depending on us. If we are too emotional in all dumps and pumps, it is most likely we miss the better opportunity and this is how patients applied. If we are too naive to understand the situation, I can just imagine a short stay in the market, and later on, we just quit.

marilynmanson21

hero member

Activity: 1260

Merit: 510

in determining the right time to get a profit is very difficult because the movement is very fast and difficult to predict, especially in the "bearish-sideways-bullish" cycle, I sometimes misunderstand and place the order , so I don't use that cycle, just set price targets whenever I want and what is my target to get profit without seeing the cycle

Teknisi88

full member

Activity: 1050

Merit: 104

Predicting the direction of a trend is not just guessing or speculating without a clear basis. A trader must be able to predict price movements. One way is to use forex indicators.
One way to gain profit in investing is to analyze. A trader's skills in analyzing are needed in the trading world. Technical analysis is one that is widely used by traders as an analytical technique used to predict trends or price fluctuations within a certain time span.

Fesatmas

sr. member

Activity: 2268

Merit: 275

Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

In the event that making the decision to end losses is a pretty good method, I hope you use Stop Loss very carefully. That's why most of us are good choice holders during volatile market conditions. As for when the bullish market conditions are favorable, traders can take it at any time as long as they know how much profit to take when trading.

Quote from: Ulvajaya on September 06, 2021, 11:26:04 AM

check the red or green line in the movement table so that we can understand this so that we know the state of the market or the market movement up or down so that we are right in making decisions in the market so that we can take the right profit

Are you referring to the chart for the Bitcoin market or for the alt market? Of course the movement is not the same unless the green market shows the impact of the Bitcoin Bullrun. Even then, not all experienced an increase.

maju69

full member

Activity: 1008

Merit: 104

Quote from: luca prieto on September 06, 2021, 06:10:04 AM

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Sometimes what is said to advise others, it is we who are trapped in a red market circle and do not have time to make profit targets. In my opinion, as long as the market is in the Bull zone, of course there is a possibility that something close to profit will happen.

But the problem is that we often don't pay attention to the potential in the future, only targeting trade. I agree with you, that don't sell everything in order to set aside for price movements that sometimes surprise surprises, take a 5-% profit share and use the rest to put the next price.

Ulvajaya

member

Activity: 308

Merit: 10

Bullish is a term taken from the word "Bull" which means bull or also called buyers and
So bullish is a condition where the bulls (buyers) are playing the role of the market at that time. Bullish conditions are also commonly referred to as an uptrend or an uptrend. check the red or green line in the movement table so that we can understand this so that we know the state of the market or the market movement up or down so that we are right in making decisions in the market so that we can take the right profit

luca prieto

copper member

Activity: 86

Merit: 1

The profit taking between traders and investors is different, but in principle it must have the price target. Before we buy/sell in the market, we must have a careful plan so that we can stay in the market for a long time.
The market is very dynamic. No one in this world can accurately predict the direction of the market. If you are absolutely sure of the prospects of the portfolio you hold, then I don’t recommend selling everything. If you are not sure, it is best to take all profits and mix in a new portfolio that is still promising. The market will always go through a "bearish-sideways-bullish" cycle, so we need to learn to take profit/stop loss.

Topic: Choosing the right time for profit (Read 540 times)