Don't lose your profit unnecessarily - page 3.

harizen

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Quote from: palle11 on October 30, 2021, 10:13:39 AM

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.

It's fine. You don't have to worry about that. You take profits because you are now in profits and so on. Don't regret your action but rather do some preparations again for another buying or selling rounds. There's no perfect strategy in the first place so just move forward rather than be distracted because you believed something is not right.

While you progress, you will eventually learn how to cope up with the situation. Just "trust the process".

Silberman

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Quote from: Luqman on November 02, 2021, 05:46:05 PM

Quote from: Silberman on November 02, 2021, 05:07:24 PM

-snip- they do not understand that even more important than when you enter the market is when you decide to exit the market -snip-

Both important, knowing the best time to enter and to exit the market. I don't think that the newbies carelessly not learning about how to exit well. They are just still having a little experience and sometimes be influenced by others to keep holding. So, when there is a good chance to sell, they don't sell their tokens because they think it will increase more as people suggested to them. Sadly, after few days, the price of the tokens decrease drastically.

Both are important however I have seen experiments run in the past by some traders and there is some evidence to suggest that exit strategies are more important than entry strategies since exit strategies are heavily dependent on money management, so those that are using money management skills can exit the markets on average at better prices than those that do not and this means more money over the long term on your account, which is exactly what every single trader wants.

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Quote from: dothebeats on October 30, 2021, 10:32:52 AM

I just take profits whenever it comes to me, except when it's bitcoin because it's intended for long holds. 5% or 10% increase is still a profit, and it adds up in the long run. I've also learned this the hard way, ad I refuse to take profits lower than 10% back then and always ending as a bagholder or just forced to sell at a loss even if I don't want to. Since then, I learned to appreciate small rises and profits, and if I deem that the coin will no longer make a push upwards, I won't be greedy and just take any profits I get.

Many do not appreciate it as they want to get rich quick, but earning 5% to 10% per trade is incredible, in many other markets good traders make something like 10% per year and in the market of cryptocurrencies this can be done with a single trade, this means that someone that has a decent capital to work with and that is able to maintain those levels of profits for the long term soon enough will find himself with huge profits that would be impossible to get in any other way.

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Quote from: ReiMomo on November 05, 2021, 02:11:20 PM

We tend to loose the opportunity to get profits when we go on a long term trading. I have experience on it. I have few coins which recently reached its ATH last week and now its 50% down. I recently thought I should have sold the coins last week and bought it this week where I could have bought more coins than what I hold now. But since market is too volatile, I just held it besides what ever happens. Here like me , many might have lost the opportunity to get the profit.

If we do have that long term mindset then we do mostly end up on missing lots of opportunities for us to take profits in short term since you wouldnt really care that much and same goes when you do have some losses which you wont really be stressed out that much because you've been thinking that you would be holding still and just done nothing until the market recovers.Yes, its really an advantage but do you really think that it would really be that feasible for longer run? unless if you do hold tons then it would be considerable but if not then i dont see for it to be worth on the patience and time you had waited.

RealMalatesta

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Quote from: ReiMomo on November 05, 2021, 02:11:20 PM

We tend to loose the opportunity to get profits when we go on a long term trading. I have experience on it. I have few coins which recently reached its ATH last week and now its 50% down. I recently thought I should have sold the coins last week and bought it this week where I could have bought more coins than what I hold now. But since market is too volatile, I just held it besides what ever happens. Here like me , many might have lost the opportunity to get the profit.

Once you decided about holding for long period of then you should not bother about any intermediate ATH happening. It will happen and then market will fall down and then will rise up again. It is kind of cyclic events that will keep on happening and you need to hold your patience so that you can enjoy massive profits in the end. So, I am not ready to agree that when you are holding for long term then we need to face losses.

What I am mentioning may not be true for most of the altcoins but definitely it is true with respect to bitcoin investment and in long term holding.

ReiMomo

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We tend to loose the opportunity to get profits when we go on a long term trading. I have experience on it. I have few coins which recently reached its ATH last week and now its 50% down. I recently thought I should have sold the coins last week and bought it this week where I could have bought more coins than what I hold now. But since market is too volatile, I just held it besides what ever happens. Here like me , many might have lost the opportunity to get the profit.

lixer

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Quote from: MIner1448 on November 05, 2021, 07:52:12 AM

At the expense of the thought that we are returning the profit that we lost before, I honestly thought myself, sometimes months just collapse to zero, especially when I actively play on futures, apparently I'm not the only one ... In general, sometimes I wait for my profit for months to fight off those minuses that were in futures ...

But, I remember most future contracts are expiring on every month? Not sure which exchange provides more than one month long contracts for futures trading (shorter the contract, more the profits to exchanges hence as far as I have seen every exchange opt for one month contract for all derivative instruments).

I guess you must switch over to spot trading as you are sounding like a perfect spot market trader. You may hold as much as you want to. Also you never need to worry on expiry of contracts and stoploss as well if you choose only bitcoin trading against fiats or stablecoins.

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At the expense of the thought that we are returning the profit that we lost before, I honestly thought myself, sometimes months just collapse to zero, especially when I actively play on futures, apparently I'm not the only one ... In general, sometimes I wait for my profit for months to fight off those minuses that were in futures ...

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Quote from: Finestream on November 03, 2021, 06:50:38 PM

As long as you are investing, greed will always be around. And it will never be gone, unless you start controlling it for your own self.

That is why we must be able to control it or we will be controlled by greediness.
Some experiences at a past time may be enough for me to avoid being greedy again. They really gave me very valuable learning from greediness and also panic. Not only has an impact on our emotions and instability but also on our assets.
Instead of getting more profits but it is actually a sustainable loss.
And this is the learning learned from the past.
Because of that, as long as we can pick these learning, take important points, and try not to be carried away with greed and panic again, we can get better.
If we are still carried by Greedy, yes means it's futile
Because we don't learn from our past experiences.

Vaculin

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Winding down.

Can't say it was a huge mistake OP but something to say that you can never get it back and those chances won't even back again. It is missing a chance on your end.

Quote from: 2double0 on November 04, 2021, 05:46:28 PM

Quote from: stomachgrowls on November 04, 2021, 05:27:43 PM

<<>>
We are currently on some trend which is NFT and the hype was all around and thats why whenever you do make out some profits
then its better to secure it immediately.

Dont wait up for some u-turn in the market which you would really be regretting on missing out those amounts.

The market is in its peak moments where 'what will happen when' cannot be said. Nearly, every other crypto is pumping and break their all time high records, but when greed joins the game, 'bad' investors turn it into a frightening dream by crashing the market. I don't go beyond what is in my hands and take out profits that look reasonable for the trades because drop by drop, we can fill our bags too instead of going for a big one.

They choose not to hold but rather to sell during Bullrun just for the sake of not missing the chance. I can't afford to lose that anyway. But, their actions help the market be more volatile and we can't deny that we are also benefiting from this. But I don't think they are bad investors, maybe those who are selling in panic as this drives the price to drop more.

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Quote from: AakZaki on November 04, 2021, 01:52:47 PM

Quote from: Cling18 on November 02, 2021, 11:23:33 AM

Most of us have that kind of regret especially when we were just beginning in trading. To be honest, it was really frustrating but also a lesson for us to learn. Every profit regardless of how small or big the amount of it is still a profit and we should take it instead of aiming for more because sometimes, greediness could take everything away from us.

Greed will bring havoc and will be very detrimental. Taking profit little by little is better but often done.
The minimum profit target must be achieved and must be disciplined with the strategies that have been made.
Regret will always occur when you do not dare to take an obvious advantage.
We must know when to enter and when to leave.
Better to make a little profit than to lose.

I guess that should be realized by every trader because they are here for profits so once they are seeing even small profits, at least they should learn to take advantage on it rather than waiting for a higher profits that there's no guarantee if it will happen eventually. For me, i learn to take profits from time to time because i don't want to repeat the same mistake again that i almost lose all of my expected profits. So if you value every penny that comes on hand, take it and once your profits will keep on adding eventually, it will be a huge profits in the end.

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Quote from: stomachgrowls on November 04, 2021, 05:27:43 PM

<<>>
We are currently on some trend which is NFT and the hype was all around and thats why whenever you do make out some profits
then its better to secure it immediately.

Dont wait up for some u-turn in the market which you would really be regretting on missing out those amounts.

The market is in its peak moments where 'what will happen when' cannot be said. Nearly, every other crypto is pumping and break their all time high records, but when greed joins the game, 'bad' investors turn it into a frightening dream by crashing the market. I don't go beyond what is in my hands and take out profits that look reasonable for the trades because drop by drop, we can fill our bags too instead of going for a big one.

stomachgrowls

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Quote from: LUCKMCFLY on November 04, 2021, 02:11:08 PM

Quote from: checkmatesir on November 02, 2021, 12:01:36 PM

I prefer the best way of getting profit is investing some of your money in these coins which you are holding for long term like XRP, as I said this is an example of the coin, and some of you should invest in the new coins then you can get some profit in my opinion. Getting the profit in these coins may give you an outstanding support.

Well, despite the fact that XRP is a currency that has had a great rebound lately, it is possible that it can continue to generate more profits as BTC goes up in price, if now, I have 2 friends, 1 lost everything in XRP and another who gained a lot with XRP Of course currently the story is different despite having a lawsuit made by the SEC.

At the moment there are many people entering the NFT market, but through decentralized exchanges, and precisely today a friend for not seeing a contract well was the victim of a scam, there money was lost unnecessarily for not knowing well what contract it was, this it is another way to be careful not to lose money.

Getting scammed due to carelessness or havent done any research is really always the outcome which we should really be that sensible on taking some actions basing on whats happening around.

We are currently on some trend which is NFT and the hype was all around and thats why whenever you do make out some profits
then its better to secure it immediately.

Dont wait up for some u-turn in the market which you would really be regretting on missing out those amounts.

LUCKMCFLY

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Quote from: checkmatesir on November 02, 2021, 12:01:36 PM

I prefer the best way of getting profit is investing some of your money in these coins which you are holding for long term like XRP, as I said this is an example of the coin, and some of you should invest in the new coins then you can get some profit in my opinion. Getting the profit in these coins may give you an outstanding support.

Well, despite the fact that XRP is a currency that has had a great rebound lately, it is possible that it can continue to generate more profits as BTC goes up in price, if now, I have 2 friends, 1 lost everything in XRP and another who gained a lot with XRP Of course currently the story is different despite having a lawsuit made by the SEC.

At the moment there are many people entering the NFT market, but through decentralized exchanges, and precisely today a friend for not seeing a contract well was the victim of a scam, there money was lost unnecessarily for not knowing well what contract it was, this it is another way to be careful not to lose money.

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Quote from: Cling18 on November 02, 2021, 11:23:33 AM

Most of us have that kind of regret especially when we were just beginning in trading. To be honest, it was really frustrating but also a lesson for us to learn. Every profit regardless of how small or big the amount of it is still a profit and we should take it instead of aiming for more because sometimes, greediness could take everything away from us.

Greed will bring havoc and will be very detrimental. Taking profit little by little is better but often done.
The minimum profit target must be achieved and must be disciplined with the strategies that have been made.
Regret will always occur when you do not dare to take an obvious advantage.
We must know when to enter and when to leave.
Better to make a little profit than to lose.

Botnake

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Quote from: molsewid on November 03, 2021, 11:54:29 PM

Quote from: Rengga Jati on November 03, 2021, 06:31:26 PM

More than what I expected sometimes.
But, personally, I will think that taking profits at the right moment is very important for me. taking profits as in target, not based on greediness.
I learnt much from my past that I will not be greedy again for taking profits. Because I lost much money because being too greedy when going to take profits.
Many people also may experience this.
At least, we can read the market even in small chance, doing some analysis and also taking the right decision for what eprentage and also price target to take profits.

Setting a target amount to take profit is good for a trader who just prefer to hold their crypto for how long as it takes as long as the target amount will be hit, some traders also prefer to make a profit any amount they want as long as they have already gain a profit be it a small profit at a time which this is a kind of active daily trading I guess. Every traders has their own way of taking profit out of their investment but in my case I am just holding my crypto and set a target amount.

Every trader has its own way of making profits. And as for me, i stick with my plan as long as the market is in a good shape. I always set a target selling price as a trader, and it really works for me. Although sometimes i made regrets, my profits could have been bigger if i hold the coins longer than my plan, but that is what trading all about. Being able to anticipate when is the best time to sell your coins, that is why we need technical analysis so we can come up with more good and reliable bases for our trading.

However, taking small profits consistently is good, at least you are not losing. But if you are often doing it, you will have no chance to gain a huge amount of profit.

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Quote from: Rengga Jati on November 03, 2021, 06:31:26 PM

More than what I expected sometimes.
But, personally, I will think that taking profits at the right moment is very important for me. taking profits as in target, not based on greediness.
I learnt much from my past that I will not be greedy again for taking profits. Because I lost much money because being too greedy when going to take profits.
Many people also may experience this.
At least, we can read the market even in small chance, doing some analysis and also taking the right decision for what eprentage and also price target to take profits.

Setting a target amount to take profit is good for a trader who just prefer to hold their crypto for how long as it takes as long as the target amount will be hit, some traders also prefer to make a profit any amount they want as long as they have already gain a profit be it a small profit at a time which this is a kind of active daily trading I guess. Every traders has their own way of taking profit out of their investment but in my case I am just holding my crypto and set a target amount.

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Quote from: palle11 on October 30, 2021, 10:13:39 AM

What way do you take your profit ?

Or you feel the regained profit is same profit that you lost Huh

If me trader who mostly did a mistake, if must think profit is different each order and i must gain when every i made an order in market, maybe will be stressful for me. Because honestly i still bad in trading , so i only collect my profit and loss and always made it as an 1 profit that i gain in my trading activity. Because we trader can't always get a profit, trading is a thing that have risk too and we all know about it. So, when we made mistake, just try to regain it but don't think to deep that we loss our profit before and force ourself to gain profit in all orders that we made.

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Quote from: Rengga Jati on November 03, 2021, 06:31:26 PM

Quote from: palle11 on October 30, 2021, 10:13:39 AM

What way do you take your profit ?

More than what I expected sometimes.
But, personally, I will think that taking profits at the right moment is very important for me. taking profits as in target, not based on greediness.
I learnt much from my past that I will not be greedy again for taking profits. Because I lost much money because being too greedy when going to take profits.
Many people also may experience this.
At least, we can read the market even in small chance, doing some analysis and also taking the right decision for what eprentage and also price target to take profits.

As long as you are investing, greed will always be around. And it will never be gone, unless you start controlling it for your own self. I also have a lot of experiences losing my profits just because i tend to wait for a higher profits but instead of gaining more, i only end up losing my capital. Not just in crypto, but in all aspects of investments, greed should never be prioritized. That is why we always do good analysis so that we will know when to sell our coins to make profits and when to buy new coins for an investment. And if you think if you are making profits even just by centavos, take it because in the long run, your small profits will become bigger once it will be added to your incoming profits. So consider making profits even just a small one.

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Quote from: palle11 on October 30, 2021, 10:13:39 AM

What way do you take your profit ?

More than what I expected sometimes.
But, personally, I will think that taking profits at the right moment is very important for me. taking profits as in target, not based on greediness.
I learnt much from my past that I will not be greedy again for taking profits. Because I lost much money because being too greedy when going to take profits.
Many people also may experience this.
At least, we can read the market even in small chance, doing some analysis and also taking the right decision for what eprentage and also price target to take profits.

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