Topic: How do you make `Trading` profitable? - page 2. (Read 830 times)

Trying to catch and sell off a token at the all time high (ATH) is basically the most difficult trading decision because no ones knows when it will come through and that's why everyone will tell you to set a profit target before entering into a trade and when you successfully set your personal target, you'll definitely sell profitably

A good tool for the job, the right strategy, a clear plan can lead us to the result you want.

Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.

basically two things are to be kept in mind - time period and profit percentage.

No specific indicator is there for knowing when to sell though.

This is my long-standing question - How do you make Trading profitable?

Now let me explain the point:

I am doing trading in shares, stocks, commodities and cryptocurrencies since last few years. Most of the concepts related to trading such as Trend Analysis and Fundamental Analysis were part of my professional course which made me interested in trading since I was student. Over the years I have been able to read trends accurately many times and bought cryptocurrencies at times immediately before upward trend. But one thing is still mystery to me, when to sell?

For example, around 10-12 days ago, I accurately predicted the upcoming rally in bitcoin price and long 0.50 BTC at the leverage of 25x @ $9150. Two days later, price rose to $9350. I already made 56% return on my investment in just 2 days. Now this is critical point where I always become blank. Once I made profit, I couldn't predict whether it is good to sell or hold for more profit. No matter what I do, I always make wrong choice. Actually I sold my futures at that day but imagine if I didn't sell, my investment would be up by 538%!! Imagine the profit of 538% in just 10 days!!

Same things happen opposite too. Lots of times, I keep holding coins due to FOMO and lose the chance of making profit. Suppose if I would still be holding my futures and didn't sell them today, price may fall again tomorrow and I may have lost the chance of making 538%.

Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.

Trying to catch and sell off a token at the all time high (ATH) is basically the most difficult trading decision because no ones knows when it will come through and that's why everyone will tell you to set a profit target before entering into a trade and when you successfully set your personal target, you'll definitely sell profitably

Let me rephrase my question again for better understanding: Which signals, what techniques, which movement do you consider while making selling decisions so that you always make best possible profit in the given scenario? If I chose right time to sell my futures, I would have made 10 times more profit.

To make profitable with trading with simple choose buy and selling on good moment, many trader always late for buying some coin after break out to higher price and looks late when buying, but always early for selling their assets before price most expensive. Maybe have control when good moment to buy or sell coin.

While investing on something we can't expect to sell them at perfect peak so accepting the profits what we made is better than worrying about the missed chances.Yes it might hurts but 56% profits is still huge and keep doing your analysis for future trades so if you get that small profits multiple times then you can actually win big compared with less risk.

One way or another, the results of cryptocurrency trading depend primarily on the studied fundamentals of this activity and on their technical fundamental analysis. at the same time, you need to take risks very often and be confident in your actions. But it is very difficult and at least for me, it is very bad at it, especially today, when the market is moving up. I stopped trading Ethereum because I don't want to miss my chance if the price goes even higher and I sell coins unsuccessfully.