It seems like everyone must have experienced or felt the same thing maybe just in a different way, but what happened should not happen again and if it happened again it would be the same as repeating stupidity.
mistakes or losses that have been experienced must be used as experience and do not let that mistake repeat itself and must be corrected and used as a valuable lesson because we are here to risk money to multiply or get profits, not to waste money.
do not miss the opportunity if you have made a profit because that is where we are tested because there will be doubts in making a sale or selling some of the profits after doubling, and feelings and emotions will come with the hope that prices will continue to rise and it turns out that in the near future prices reverse direction and there is a decline drastic and there will definitely be regrets because the opportunity will repeat itself in quite a long time and will end in regret.
and we must have principles and targets and strategies so as not to miss an opportunity, unless we do it for the long term that doesn't really care about market conditions because what is needed is a very large profit without a specified time.
Topic: Don't lose your profit unnecessarily (Read 701 times)
To be honest, I've been in those times that I've lost a lot on crypto especially the 2018 bear run. I understand that people are in panic and call it quit when the market crashes. However for me, I usually don't take profit if it's unnecessary when it comes to the long term coins and tokens that I have. But for others that are short-term like memecoins and shitcoins that doesn't have fundamentals and real use cases, we have a reason to cashing them out before it gets worse.
And yes I have experienced that when a certain coin or token I have already lost, some of them gained for me. It's how crypto world works nowadays. Until now, I haven't sold most of my long-term coins and tokens because of my belief in their impressive developments, roadmaps, team transparency, etc.
And yes I have experienced that when a certain coin or token I have already lost, some of them gained for me. It's how crypto world works nowadays. Until now, I haven't sold most of my long-term coins and tokens because of my belief in their impressive developments, roadmaps, team transparency, etc.
I was just like you, i don't practice the habit of taking out my profit i usually leave it for longer periods and they mostly depreciate and i end up loosing my profit and sometimes my capital as well. I think i was a bit greedy and it made me loose alot in trading
Then, i later realised am loosing too much and that is how i came up with the idea of taking out my profit. Its important to take out your profit no matter how small it can be
Then, i later realised am loosing too much and that is how i came up with the idea of taking out my profit. Its important to take out your profit no matter how small it can be
I think, Taking profit is very importance and necessary in cryptocurrency. From your own experience so no matter how small or big profit so meke sure and take profit. Many people panic when they loses money. When you impatience then you loses money from trading. So need good expropriation and control Every situation your mind.
Yes ofcourse,most person's larment and cry after losing money throught trading,forgeting that experience is the best teacher,and without getting those loses and experiences,you won't do better in crypto and in trading.I know every one expects profit,but one should know that the game is a risky one,which emotions must never be put first,else one is liable to get heart failure or attack.Therefore,when one is expecting positivity,one should also plan for negativity.
It is better for you to take your profit once you know that you have make some profit out of where you invest in. Stop be too eager to make much if not will end up in losing unnecessarily, Especially in term of cryptocurrency.
Especially when you are trading, always take your profits either is small or big. You can not make all one day. So whenever you trade and make some profits just be taking it like that and don't join it with your capital. have a target before you join it to your capital. Try to always know your profit per day or month.
A good habit to have because not all would really be a long term trader or investor which it is really just right for you to secure out your profits once you do see that you had profited out on a certain trade or position.Especially when you are trading, always take your profits either is small or big. You can not make all one day. So whenever you trade and make some profits just be taking it like that and don't join it with your capital. have a target before you join it to your capital. Try to always know your profit per day or month.
Take profit as you do able to do so but if not then better to hold it out but it varies on which situation you are into and what kind of trading
you are following in.
Preference is the key on here because not all would end up on the same decision.
It is better for you to take your profit once you know that you have make some profit out of where you invest in. Stop be too eager to make much if not will end up in losing unnecessarily, Especially in term of cryptocurrency.
Especially when you are trading, always take your profits either is small or big. You can not make all one day. So whenever you trade and make some profits just be taking it like that and don't join it with your capital. have a target before you join it to your capital. Try to always know your profit per day or month.
Especially when you are trading, always take your profits either is small or big. You can not make all one day. So whenever you trade and make some profits just be taking it like that and don't join it with your capital. have a target before you join it to your capital. Try to always know your profit per day or month.
I think, Taking profit is very importance and necessary in cryptocurrency. From your own experience so no matter how small or big profit so meke sure and take profit. Many people panic when they loses money. When you impatience then you loses money from trading. So need good expropriation and control Every situation your mind.
Taking profit is very important in Cryptocurrency no matter how small the profit is make sure you take it from my own experience I believe the profit you take is your own money, don't wait for the profit to accumulate before you will start thing of taking profit no profit is to small so don't wait for the profit to accumulate before taking it.
Many people panic when correction happen which make them loss, rather than waiting for a big profit they will think to better cut in small profit for a guaranteed safe to prevent any sudden dump. As a day trader accumulate small profit in a month can make you profit in a big amount of money in total, so it doesn't matter as long as you got profit tho
Taking profit is very important in Cryptocurrency no matter how small the profit is make sure you take it from my own experience I believe the profit you take is your own money, don't wait for the profit to accumulate before you will start thing of taking profit no profit is to small so don't wait for the profit to accumulate before taking it.
As newbie I have not bothered about the profit that I have missed taking out just because that I believe another profit will fill up for me. I have been on this for some time but with my growing knowledge in the trading business, I now seeing it differently that the profit I didn't take was gone and another profit that got filled is a different profit entirely which means I may have been made more of profit in the account and lesser losses. Lately therefore I take profit as it comes and this has worked for my trading experience. It is not scalping if you see your profit going down the pit.
What way do you take your profit ?
Or you feel the regained profit is same profit that you lost
What way do you take your profit ?
Or you feel the regained profit is same profit that you lost
For a couple of years being here in the cryptocurrency, as an individual trader I am not in a hurry as other did. I always make sure that the coin I bought will certainly give me a nice earnings in the end. I always observe first the movement of the price in the chart, then when I find out that things I will set it up according to my evaluation unto it.
not all traders do things like that it seems and sometimes they just want to make an instant profit
You have missed an opportunity, this should not happen again in your next trade. for me the advantage I get is my success in opening a trade, I will take it immediately and will not waste it. what we need to know if we want to continuously want greater profits this leads us to greed. for me take and open the next trade, this can be a good decision if dump happens.
You cant assure that it wont happen again because we dont know on what would happen next and its really hard to determine on how we should really make out some decisions whether its already the right time to sell or would need to wait a little bit further which it cant really be avoided on not to commit any mistakes which it wouldnt really give out any assurance but with due experience and knowledge then we could able to handle out these situations.
You have missed an opportunity, this should not happen again in your next trade. for me the advantage I get is my success in opening a trade, I will take it immediately and will not waste it. what we need to know if we want to continuously want greater profits this leads us to greed. for me take and open the next trade, this can be a good decision if dump happens.
For me, I didn't take out my profit as long as I didn't need to spend it. I continuously grow my money together with my profit as long as the market is good. The bigger the capital the bigger the profit that's why I included my profit to the capital to gain more and more profit but all is depends on the market situation and if my trading goes smoothly.
That is true if you have higher capital, you're taking higher risk and you're also possible to take more profit. Those big profit takers are the biggest risk takers and they do deserve that upon being on this highly volatile market. There's no turning back once you're in and if you decided to keep on rolling with your capital and profit, it's your decision but to me, I'll take the profit and might leave the capital or the other. The important is there's something that I've taken back and will still continue to take risk. 
As newbie I have not bothered about the profit that I have missed taking out just because that I believe another profit will fill up for me. I have been on this for some time but with my growing knowledge in the trading business, I now seeing it differently that the profit I didn't take was gone and another profit that got filled is a different profit entirely which means I may have been made more of profit in the account and lesser losses. Lately therefore I take profit as it comes and this has worked for my trading experience. It is not scalping if you see your profit going down the pit.
What way do you take your profit ?
Or you feel the regained profit is same profit that you lost
What way do you take your profit ?
Or you feel the regained profit is same profit that you lost
For a couple of years being here in the cryptocurrency, as an individual trader I am not in a hurry as other did. I always make sure that the coin I bought will certainly give me a nice earnings in the end. I always observe first the movement of the price in the chart, then when I find out that things I will set it up according to my evaluation unto it.
I know it's hard to say that what the next move of our coin will be like whether it will grow or tumble.But whenever there are satisfactory returns i usually cash out the profits without being any further greedy to loose all of them in one big crash as i have experienced it in the past so don't want to go that way.So like if i have made 20-30% profits i take out my profits and hold the investment for long term.
The best approach to stay profitable is to cash out get another good entry point possibly once the price retraces so you can actually buy more before a new rally up. The market isn't predictable and no one knows for sure when a new dip would aoccur and this will help the trader have a taste of their profit before a new trend begins 
It's not bad to take your profits out as long as it is bigger than the transaction fee you're gonna pay every time you'll withdraw it on an exchange. Also, it's not bad as well to keep your profits with your capital for some time because for me it's motivating, since you'll see that you've made already an X amount of money for a short period of time and that's awesome.
Profit is profit and you should really be having this kind of mentality on which you shouldnt really be having that kind of behavior on where you do easily make out some regrets and frustrations whenever you do see that the price had even go more higher which you do think that if you havent sold out then you had possibly able to make more.This kind of behavior would really just make yourself get stressed instead.Take profit if you wanted to and dont look back afterwards on what would happen.Then start it up again and repeat.
Every trader has their own targeted profit. Just like you, even earning a small profit is enough and you don't have a plan to miss every single opportunity. But it somehow happens that many traders are aiming for a higher profit, they keep waiting for the bullish and then sell. Maybe we could say that was a great strategy but something it misses a lot which we can no longer get back. If it is possible that we could take them all, that seems more profit gains than being on a one-time jackpot.
I remember there was even a bot back in the day (when fee's were not this huge) that made a profit and sold right away as soon as it did. Of course 10 satoshi profit per trade wasn't a big deal, you also had to consider trading fee as well, so it was basically buy at 100, add trading fee + 10 satoshi and sell type of deal. However you added every single coin in an exchange (at the time places only had btc pairs) and that means maybe thousands of trades daily.Sometimes it didn't work, that is why it didn't get popular, but it was really good when it worked. Meaning you could even make 10 satoshi profit and it would be good for you, everyone could have different aims and as long as it works for them then there is nothing wrong with it.
As newbie I have not bothered about the profit that I have missed taking out just because that I believe another profit will fill up for me. I have been on this for some time but with my growing knowledge in the trading business, I now seeing it differently that the profit I didn't take was gone and another profit that got filled is a different profit entirely which means I may have been made more of profit in the account and lesser losses. Lately therefore I take profit as it comes and this has worked for my trading experience. It is not scalping if you see your profit going down the pit.
What way do you take your profit ?
Or you feel the regained profit is same profit that you lost
As a novice trader, I find it hard to make profit. However, once there's a little thing added to my investment, I take it real quick. I don't see a second profit as the same profit I missed, if I ever missed any. I count everything as new, loss or profit, that's why I'm always very focused, and pull out at the slightest shift in priceWhat way do you take your profit ?
Or you feel the regained profit is same profit that you lost
instead of waiting for big profits, trying to sort it up with small profits each time you make your
position. It will give you decent when you accumulate more than 2-3 folds.
But, it's an opinion and self-explanatory strategy that each traders have, there are people who
already fine with day trading while other trader are aiming for long and big profits.
It's not bad to take your profits out as long as it is bigger than the transaction fee you're gonna pay every time you'll withdraw it on an exchange. Also, it's not bad as well to keep your profits with your capital for some time because for me it's motivating, since you'll see that you've made already an X amount of money for a short period of time and that's awesome.
As newbie I have not bothered about the profit that I have missed taking out just because that I believe another profit will fill up for me. I have been on this for some time but with my growing knowledge in the trading business, I now seeing it differently that the profit I didn't take was gone and another profit that got filled is a different profit entirely which means I may have been made more of profit in the account and lesser losses. Lately therefore I take profit as it comes and this has worked for my trading experience. It is not scalping if you see your profit going down the pit.
What way do you take your profit ?
Or you feel the regained profit is same profit that you lost
As a novice trader, I find it hard to make profit. However, once there's a little thing added to my investment, I take it real quick. I don't see a second profit as the same profit I missed, if I ever missed any. I count everything as new, loss or profit, that's why I'm always very focused, and pull out at the slightest shift in priceWhat way do you take your profit ?
Or you feel the regained profit is same profit that you lost
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