Topic: How do you make `Trading` profitable? (Read 830 times)

This is a problem I battled with many times in trading. I do not know the best time to exit a trade. This  went on for some time until I learnt about money management in trading.
The only advice I'd give to you is that you have a stipulated amount of profit you want to take from a trade - this is synonymous to 'take profit' in forex trading. Once you hit your target profit, exit the trade and do not concern yourself with whatever happens afterwards.

Well, the "buy low and sell high" thing is a cliche but it actually works. Now how would you know if it is low or when it is high?

Yeah, simple, if the price drops over 20% over night or suddenly becomes like 50% less or whatever you would know that it is low, and do not tell me it never happens, price was $14k last year spring, it was around $9k this year, it was around $7k during late autumn and early December last year as well, and it reached under $4k this year during the pandemic drop.

So, as you can see there has been a ton of times it went down. Or if you think when it is high, well it reached over $10k multiple times in the past 1 year, we have seen it over $10k so many times, and under it so many times as well, buy each time it goes down and sell over $10k and you would trade profitably.

Can I know what do you mean by decline of 150%?

Say, something worth $100 and we say it is increased by 150% then the thing worth $250.

But what would be the value if it declines by 150%?

I use the system where decline cannot be more than 100% but I have seen several people using negative percentage more than 100%, how this system works?

You're not in this alone as I'm still finding it difficult to get my predictions right too either I'm some Satoshi late to buying or some Satoshi early to selling. Late week I bought some coins very late and sold very early too. This trade wasn't a profitable one but since I sold too early i missed out on cutting my lost by almost 20%. Looking at the coin now it's almost -150% down which is a relief since assuming I decided to hold unto my investment, I would have made more lost then what I exited the market with.

Why I saying this is somethings are meant to happen just to prevent further more costly event from occuring. My strategy has all to do with not selling in loss unless I have seen there's no hope in keeping into my bags since all prediction points towards more decline in price. You didn't lose it you sold in profit irrespective of missing out on future profit.

Yes, the most important thing is still timing. In my opinion, technical indicators only account for about 20% of the win rate of a trade. It is important that you choose the time and psychology of the traders out there like. trade is like a battle of psychology analysis, if you understand the psychology of the crowd, you will surely win. So read a lot about psychology, I think it will help a lot in trading.

Maybe next time you should try to hold for long. Then I have a question – you said you were able to predict the price from $9,150 to the $9,350, why didn’t you use the same analysis that you used to make the accurate prediction to see where the price will be heading to? 🤔Btw, this is not something that you should be killing yourself over, the most important thing is that you got profit and you should be happy did, when there are people who are losing all the time.

Yup, it’s important to cut losses, but in his case it’s something different. He said he was able to predict the price and immediately it got to that price he sold it, instead of having some more patience. Sometimes the price of crypto can go down, but that can be just for a short time before it goes for a huge upward movement.

Yes it is better to make the small profits than waiting for big, but for a traditional investor can do lot of things, they can cashout their profits when their target price reached and can continue to hold until the price reach its peak so later as well they can make another small profit which can satisfy the greed.But as you said it is better to make that profits and go for another trade just leave the previous one and regretting about the completed trades will make the things worse.

In general terms, when it becomes more profitable in trading is basically when the balance is always positive, no matter how many losses there are, what matters is that the profits are greater than the losses, that is why the losses must be cut immediately, and The profits lengthen them, generally, the traders do the opposite.

In my opinion, the best way to make profit from trading is by selling coins when it reaches the target we have set. If indeed the price
continues to rise when we have sold the coins, there is no need to be disappointed, the most important thing is that we can enjoy the
profit, even though the resulting profit is not optimal. Instead of following our greed by delaying taking profit, and finally the price of
the coins is dumped, we are more disappointed to lose the opportunity to make a profit.

In order to become a profitable in the market for a long run, a trader should not focus on earning first. That is the mistakes of a lot of traders where they want to earn big amount of money but they failed to have requirements and it is the studying and allocating most of their time on improving their knowledge. Before you focus on earning and getting rich in trading, first you need to have a care on the things that you still do not know. You cannot learn trading by studying one night and it requires of continuous learning. Also we should not be greedy like the others where we should give care and be happy even though our profits is small. In the end of day, the most important thing is we should learning while earning in trading.

I know right, that’s how it feels, we always want to have everything. There is a topic in this forum that says – Less profit is okay.
And yes the topic is right, getting less profit is okay, you should be happy that you even got over 50% of your investment when there are people seeing the opposite (losing more than 50%).

So don’t be worried about what you have missed, you should learn to be contented with what you have got and then prepare better for the next time when you will be in that position again. I am a long term trader and I prefer it to short term, it works for me perfectly.

The idea of buying more once another dip comes your way is good for those who have
long patience and good amount of capital.
It helps as once the market recovers you'll be able to generate bigger profits. It's a matter
of how you dwell with your skills.
Most of the time, emotions will hurt you with the volatile nature of this market, you need
to plan ahead and make sure you have enough patience.

---

Different strategies from different traders' perceptions, as long as you are gaining, even in
a small fraction, better than nothing at all.

I trade btc/usdt most of the time, and rarely I jump into some alt, mostly for short run. With bitcoin it's easy, it always recover, so what you should do is simple, buy when it's red, and sell when it's green. You need just a few things to master this, patience and self control, first because you will buy red but not the bottom, so you need to give it time to recover, second don't cut your loses, add more if price dips.
In trading like in gambling majority lose most of the time because of the wish for fast profit, greediness is what eats your capital. Learn when to stop, even if it's low profit! If you push (what I do sometimes) you can't blame the game if you lose (which happens to me many times).

Okay, you’re able to predict when the price goes on and then it does and you made profit? So why were you not able to predict that the price will go further up? Or you were hurry to cash out and forgot the possibility that the price might still go up after the first increase? Well, you should still be happy that you have made some profit from the increase.. maybe next time you will learn to target your investment on a long term basis and be able to achieve better profit from it.


He’s able to make proper price predictions, but he sold too early and missed out. It’s usually best to go long term when buying Bitcoin, although I do understand that some people cannot hold for that long, and there is always a reason, so it’s up to them to decide what’s best for them, and make sure that it works.

I think there is no specific method that would allow you to make a lot more profit than all the other methods, that is why you do not see tens of thousands of people here all getting super rich millionaires over night, because if there was a method that worked out that well we would all be using that and you wouldn't see methods that people are creating all the time.

I think the best thing you could do would be to create your own as well like all the other people and if you think it works then you would use that, if it is not working find what is the reason why it doesn't work and fix that part and edit your method into working until you find one that clicks most of the time. You will not be capable of finding a method that works 100% of the time, but at least you could find one that profits over long period of time.

Just saw this thread.


You should use pin bar and inside bar signals. The pin bar is where a candlestick has a high (in upwards markets, low in downwards markets) twice as large as the candlestick size. It usually means the local high (or low) as been reached and the trend will reverse, but this does not always happen.

An inside bar indicates a trend change to bearish if it's already bullish, or bullish if already bearish.

Both signals also form resistances and supports.

Exactly, if anyone can implement this then they can manage 70% of the trade, there is no such thing as risk - free trade so it will not always be on the favor of the trader, and again, try not to be too greedy and hoping to sell at the top all the time, gaining a decent amount of profit is enough for a sensible trader, use stop loss when required and let things take its cause.

Often to see it wrong because of its volatility and not all the time the market will be in favor to us. We can't be of that perfection even though we spend the whole day analyzing the market and there is no such tool to work also.

Some people are wrong about considering trading as a money generator and take profit on it but they never quite instead the keep trying and finally make it right. Trading won't just easily work but having more experience will gladly enhance our capability and this is only a tool to make trading completely profitable.

Honestly if there was one way to do that it would have been awesome but there is so many ways and sometimes they are all wrong and sometimes they are all right sometimes some of them are wrong and others are right and the other days the wrong ones becomes right and the right ones becomes wrong.

So, there is really no way that people could know exactly how to make money, there could be tries and boy oh boy there are tries but like I have said, nobody has figured out a method that would make you money in the short term, the only thing you could find that is buying undervalued stuff in the long run and make profit in decades, that is what long term investors do. Anything that tells you you will make a profit very quickly is usually either lying or just wrong.

As traders our goal is not only to earn money in the markets but to maximize our profits, this is why the holy grail when it comes to trading is to identify every single important movement in the market and invest at the bottom and sell at the top.

Obviously this is impossible but then we need to do the next best thing which is to minimize our losses when we are wrong and try to get as much profits when we predict a movement, and as you may guess this can be really difficult because as you say your personality plays a role in all of this and if you happen to bee too greedy or too fearful of the market you could waste many opportunities the market presents to you.

Only a trader who has a crystal ball can set such a task to sell at the highs and buy at the low. Everyone else should be content with what the market currently gives them. If you have completed the task set for you, then you should get satisfaction from the transaction, regardless of where the price goes next.

Of course, you have very correctly identified those instruments that mainly affect the results of each trader. But it seems to me that you also need to point out the ability to do technical and fundamental analysis, because it is mainly thanks to these factors that the very foundation of good and profitable trading is built.

Please have a look at my guide here:

https://medium.com/@sambrans/mastering-trading-with-leverage-a-lucid-guide-b918696384f0

To get out of the market at the right time, you need to improve your knowledge of trading. If you can do market analysis then you will get an idea of ​​which direction the market will move later. There are many such traders who are facing the same problem as you. So it is better to learn from your mistakes and create your own trading strategy. And trading with signals is very risky, so there is no point in losing your own funds depending on someone's signal.

The best way to make trading profitable is to buy at a lower price and sell at a higher price but before that, you need to have an idea about trading. We need to know the market well so we can understand the value of the currency. If the crypto market can go down while trading, then if we do a good analysis and work with a little time without rushing after greed, then it will become easier and we will be able to make a profit.

Experience is something you cannot purchase or learn from anyone, experience is something so valuable that it has no price ever, and that is not just crypto or trading neither, in the real world when you want to be good at something you need to first learn it, learn it from school or by yourself or any other method, but after that you need to do it and when doing it you will learn a lot more stuff doing it than what you learned at school because not everything in life is how it is on paper so things change. That is why gaining experience during trading is the most important stuff that you can do to become a trader that makes a profit.

If you can achieve that and spend time and money and learn from every move market makes, you could become a great trader that doesn't work for anyone else.

Recently, I've spread myself to investment outside of crypto, into stock and shares and bonds even. It seems to me that one important factor is how long you intent to keep your money in there for. As such if its long term then I just don't bother much as its long terms so any short term losses are ignored.

As for short term, which is the case with crypto and what you're describing I do not have a magic formula but I sell out when it all looks like it will crush. At this point I'll be happy to cut my losses and take the profit I can. Obviously I'm tempted at times but I find that with a little flexibility I can do just fine. This of course requires close attention to trends and it's not 100% but I can make terms with it.

Sometimes you can’t make the right prediction, it’s just not easy. You do know that this is a volatile market. Sometimes you can make use of the support and resistance to predict price, it doesn’t mean that if the price should reach that resistance level it would remain there, once it gets to that level things changed immediately. Sometimes it’s best to be regularly updating yourself, especially if you’re into day trading full time, unless it’s not something you do for a full-time. And moreover I don’t see anything wrong with that, you got some profit, maybe you can try holding for longer term before selling next time.


Perfectly a valid suggestion. When we are having pre-determined plans then we can simply avoid ad-hoc decisions and ad-hoc decisions are usually driven by emotional failures. So, simply having pre-determined time-frame and profits levels definitely will help.

Support/resistance levels are always the appropriate levels where you may book profits or cut-losses and you may open your trade (both shorting and buying) as well.

The point when you sell needs to be predetermined before entering.

If you are hoping that a certain asset is going to get 10% gains, then once it does sell it. Dont think twice but sell it. To keep things as minimally traumatic to your brain, you can follow this process too. That is also how bots process information.

Next, if you are buying something for a long term gain, you have to predetermine the lock in period or a maximum gain at which you will be satisfied at the profit figures.

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

Point is also not to get greedy and keeping your expectations down to the ground. This is more possibly seen more in the fiat markets than crypto but applicable to both. No specific indicator is there for knowing when to sell though. You have to over-smart the market psychology.

it seems that you have a lot of good experienced in crypto earnings mate.
in my experience regarding about doing day trade I also made profit every week on which is not
bad at all to be considered because I can able to sustain all my costing monthly, just like that.

Not really impossible if we are not a greedy person and knows about contentment. If I already have a 2-3% gain, no doubts to sell my holding. I keep my coin/s in my hand for just a month and there is no hesitation to sell it even though I only gain a few bucks from them.

The common failures why many traders have never succeed it is because they'll think always positive without considering the current market movement. Looking into charts, do a market analysis will likely help us in making the right decision.

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

All I believe by now was really patterns be it candles, charts, etc. Who really knows when to know that's the best really time to sell even good traders do make mistakes sometimes and lose. The good thing is you make a profit, a profit is still a profit. Don't chase what is lost, if you can predict it then there's still some other time, it's a matter of learning.

It is not that simple to make a good timing in buying and selling because we cannot say if the coin is now on the top or below it's value. It is why trading is a little the same as gambling because it's all about chances. But if you can control your emotions and can properly manage your portfolios, you can earn good profit in trading.

Yes, indeed, there are no traders who can sell at the very top of the price and buy at the low itself. Therefore, we take from the market only as much as we have enough emotions. But in any case, we should put more effort into studying the technical side to see the trend reversal points more clearly.

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.

More longer we hold then our profits will be high when we are in bull trend but the myth is we can't really predict the price volatility of cryptos so we have to set a goal price and sell after it, the profits maybe high if we hold it longer a bit but as far as our target achieved then don't regret about it.

You will  need a lot of experience and a good knowledge about the market. You will need to study the market a lot. Try to understand how those charts work.  Start applying your knowledge by doing real trades in small scale. There are "extra knowledge" that you will gain only by making mistakes. Learn from those mistakes instead of ignoring it.
Don't expect your every trade to be profitable. You will be making some loss from time to time. Learn to accept those losses.
The key to make profitable trade is through experience!

Yes, I agree. It's a very bad move if you missed out something in the time like this. I prefer to stay and be observant for now rather than trading without any good analysis. In the beginning, you must need a lot of knowledge about trading before you can make profit. Not all can know easily about trading. Fundamental is better for newbies while their learning about technical analysis.
The expectation about ETH this year is very high so we should better to join the ride if that will happen. If the coin have small amount of market cap they should possible be go high in a single token while if the market cap have high its possible price of single token will be small.

Frankly speaking, there is really no special thing to be done when it comes to making your trading activity as profitable. It’s all about doing the right way of risk/money management along with planning well and then eventually executing it right.

All this is what is in combination to a quality broker like mine FXGiant, it’s very special with filling up all security and safety measurements. The support service is very friendly and cooperative. So all these factors combine in for profit making for me.

Just be contented on what you had made and just try again.Dont get upset nor regretful when you sell to early because market is unpredictable in the first place.

You wouldnt know on when it would shoot up and you wouldnt know on when it would dump down.Sometimes gut feeling or intuition would be helpful on times like these.

There are scenarios on where i did experience that selling would be ideal since the price is already on the peak even though we cant precisely predict on whats the peak price but base of in experience
you can spot out if there is already no buying power or force behind.

For me that is too technical, reading and analyzing what and when should I take profits and loss, so I usually do swing trading and get a decent amount of profits but also some small losses, I'm an amateur in trading so buy low and sell high is compatible with someone like me, I usually gain 60%-100% but it depends on how many days I'll wait. I get lucky on the altcoins which some twitter users shill and do my own research, you can try that too, find some low cap coin and fill your bag and sell when you got your ideal profit. So for me, I'm making my trades profitable through doing my own research about my investment, patience, and beginner knowledge about trading.

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.

Hello webtricks,

Happy to share my opinion with you 

Many times I be in the same place as yours and I often get confused whether to sell or not but from my experience I have realised that it is always better to follow your targets. If your target is to sell at X price then just sell it and don't regret.
I know how it feels when the price increases more than you expect and then you regret that you could have made more if you would have hold.
But the thing is that we must be happy with what we have and never have the greed to earn more.
Selling at the target price would already get you the profits and the market always gives you the opportunity to buy back.
So the ideal thing according to me would be following your target price.

I speculate we need to have much integrity to formulate trading profitably.  We merely have to knowledge about trading, like -
Market place, Which derivative is going well in the market, A good relationship with the person with whom the bargain will take place, How to make a profit, and upgrade in trading, How to resist loss. In comprehensive, you have to very robust, efficient, and smart. It is also important to be eligible to adjust to all situations.

By simple creating a strategy on how to execute my trade. We all have different style in trading and it doesn’t matter as long as our goal is to become profitable, then it will work.

I don’t usually share my strategies in trading because of being embarrassed and to be judged by doing it, its just a simple way of buy low and sell high. I mean, you need to focus on your own no matter what people will say to you, trading is stressful so bashers are.

We all know that most of the altcoins are volatile in the market. Meaning, there is no chance for us to
determine if it is profitable or not. This will depend on our hands if We get profit or not. Besides, trading is not that easy
as others expecting it. But this trading really needs skills, understanding, and patience as well.

Well everyone has their style to trade, in my case I make sure to find the Exchange that gives me the most security in terms of tools such as making deposits and withdrawals.

For you to always have the best scenario due to your predictions you must do what Jesse Livermore did, lengthen your profits and cut your losses, many times when we place the Take Profit we leave the position, but if we withdraw 80% profit and We let the other 20% run You are already lengthening your profits, usually the traders do the opposite. In case the market goes against you, let your Stop jump, and assume the loss, it is better to assume the loss and not lengthen it or buy back hoping, it is better to cut the loss, and look for another opportunity, the market always gives opportunities.

actually trading in cryptocurrencies is different from when trading in forex, stocks or commodities...
I have worked as a stock and commodity broker but it is very difficult to apply my knowledge when I trade in crypto, if you trade coins like litecoin, bnb, eth and ripple then the political conditions of a country will not affect the price, for successful trading in cryptocurrencies so you should pay attention to changes in prices on Bitcoin.

Trading is not that hard to learn and it is profitable to everyone who are willing to learn more and become good at it.

Good decision making is always needed in order to make your plans in control and you are in the right path in your trading journey.

Just always manage to practice self-discipline and self-control to prevent having mistakes and losses that can interrupt your profits. If there's a time that you make mistakes, learn from it and don't stop trading if you are really determined to make profits and become successful in life. Mistakes are normal but if you are doing the same mistakes then that's the real problem.

In order to make trading profitable, it should've start with your knowledge and discipline.

Once you engage in trading, you should not rely on those trading bots that they say are profitable, where in reality, trading bots will just make you ignorant on how trading really works, especially if you're new in trading industry. You should gain experience and practice the strategy and master technical analysis with yourself in the market and that's how you will make trading profitable.

If you are only into the use of trading bot and you are not knowledgeable about how trading really works in the market, then good luck to you because technical analysis is the most important thing to learn at first to become effective in trading.

Trading isn't something you can read in the books. Trading isn't just learning the techniques of fundamental and technical analysis. Irony is that the bookish knowledge of fundamental and technical analysis comprises of just 20% of your trading strategy or even less. The best part comes after that. So what does an overall strategy looks like:

20% Fundamental/technical analysis
40% Risk/Reward Analysis
40% Emotional Strength

Yes this might sound absurd but truth is that other two things are more prominent when it comes to trading. Trading is just like any other business so Risk and reward analysis is very important. Many a times people analyse the stock without knowing their targets or stop losses which are too important. Now underlying concept behind is that use stocks/coins as a tool to trade not like love of your life. People tend to develop emotions for coins for example If I purchase Bitcoin now I am emotionally attached that it will go upwards now for example if for once it does reaches that point next time you would feel that bitcoin is my darling and it always reaches the point where I target so let's go for it. This is where your destruction starts

Secondly, discipline, it's a very common thing to see that coins often rise much above the metrics that you have analysed and this makes you uncomfortable about selling at a lower price but this should never happen. As soon as you close a trade just stop looking at that coin anymore. For example think of it like a train. If your journey was from station A to B why would you see the train after getting down on station B? Realize the fact that it could have happened thr other way too if you might not have sold at such price and the price went down you might lose everything. Alternatively if you really feel that you should atleast give a try to fetch such higher price you can go for trailing stop loss strategy.

Thirdly staying in the game is the most important thing so preservation of capital is of utmost important, realize it this way if you have $100 today and you lose 50% of it and come down to $100 now you have to earn a profit of 100% to go back to that point which makes it double difficult. So always stay in the mindset of preservation of capital. Keep a Maximum risk percentage you will take each day or from each trade and keep a minimum percentage of money you will earn each day or from each trade. It can be 1% or 2% but try to keep risk to reward ration at 2:1.

I hope these methods help you. Feel free to ask for guidance on any other similar issue.

With your question in mind, I don't think there's ever the right answer to it. My personal answer to that is to risk and try your luck and maybe, with the right risk management and good technical analysis, you could profit. It's never going to be a "sure" thing but it's by chance as well. If you are going with the market or against it, it's up to the market to decide.

Making more opportunities would be nice, check out this video about Gunbot to maximize opportunities too.

 https://www.youtube.com/watch?v=3-ZjI5J8_Xg

I don't think everyone can earn using a bot its not recommended to all newly traders since you can also lose big amount using a bot without a knowledge how use it.

The best suggestions is they need to learn how to analyze thing and how crypto market work before starting their journey in trading .

If I read your story in an opening post related to trading, or we focus on talking about crypto trading. Actually you have enough
accurate in predicting crypto price movements, maintain the way you analyze the market. Then the question you want to get profit
maximum, the answer cannot be. Because volatile cryptocurrency prices are too risky if we pursue maximum profit. You do not be
too greedy in the pursuit of profit, my advice in crypto trading as long as it's profit directly selling coins that you have. If you hold it
want to get a large profit the risk is very high, because the price of crypto can fall suddenly. That was supposed to profits become
losers, because delay selling your coins.

Try to use a robot for trading . I chose the CryperBot

First of all you have to realize that you should not make this kind of thing upset you, you have to learn that if you are making profit, any profit, it doesn't matter if you miss out on bigger profits. Secondly, you need to learn how to separate your profits and your capital and not make them into one big thing so that you wouldn't lose big if you are ever wrong.

When you combine these two things, put yourself a goal to make like 5% each time you trade (or change that to whatever) and stuck with that all the time, you will basically be profiting all the time without a stop anytime you see a profit to be made. Maybe you "could" make more, but that is irrelevant, as long as you are profiting that is all that matters and that is all you should be focusing on for your trading career.

I personally only invest in cryptocurrencies that have displayed a long-term bullish trend, and then I set a stop loss at around -20% compared to my entry price.

I try to go for cryptocurrencies that display less than 20% volatility over a week period and trade on high volume exchange so I don't get stopped out by scam wicks.

I also look for cryptocurrencies with a regular repeating structure in their chart, then swing trade these. If you scroll through CoinGecko you will find plenty of examples, just make sure they're not being traded on scam wash trading exchanges.

It seems you don't have a target price to sell, so you feel confused to determine when to sell. It is a problem for you, and if you still don't know or don't have a target sell price, you will not be able to sell.

Well, I suggest you make a target to sell your bitcoin so that you can close your trading with a profit, and if the price still increases after you sell, you don't have to be sad because you can make another profit in the next trade.

Trading can make someone being greedy to chase more profit, and that is why we need to have control and have a target price to sell, so we know when we need to sell bitcoin and make a profit. If you can earn 56% of profit, you should close the trade and wait for another chance to buy back bitcoin. You don't have to wait for more because that will not always happen, and if you still do, the price can get down anytime, so your chance will lose.

Candlesticks, bars, charts—all of those work but only up to a certain extent. While they convey information that are useful for your trading venture, I don’t really consider them enough to make your moves profitable. Most of the time I still look at other people’s prediction on what’s going to happen next. Then collect those information as much as I can and compare it with what i gathered so far. The reason I do this is to know whether anyone else beside me see something beyond what charts can offer, and if that’s the case, I proceed and do my move accordingly. I didn’t make much money from trading tbh, but I made enough to consider myself profitable and the venture worthwhile.

Charts never lie and it is one of the most effective tools in trading and learning how to analyze every chart eg. Bar Chart, Volume Chart, Tick chart and etc will make you have an edge in trading. Also, experience does give you more confidence in trading because it can be possible that you are in the same situation that you have experienced before, It can help you win a trade.

I can agree with this lol. Sometimes there's a temptation on selling it on the targeted price and hodling it to profit more on the asset you are trading. It's hard yeah but most of the time I follow the target price to gain the expected profit.

You might need some knowledge in candlestick patterns as well as as price action coupled with some indicators that indicates oversold and overbought zones to determine when to take profits, from my own understating there are some candles patterns that you should watch out for that indicates exhaustion in a bullish or bearish trending market although these might not be accurate in some instances the price might experience a minor pullback before resuming the trend but works well google searching might be helpful in that regard.
More so you can also take profit bit by bit by setting a target while allowing the market to run.

Technical analyzes are a mixture of strategies that you must follow to get the full profits, if your strategy is partial, you will lose.
If you can determine the trend, setting levels of the psychological market will be easy.
I wrote about Bitcoin Support and Resistance for dummies topic give you more info about it and you can use it to edit your strategies.

Actually I understand your situation as I have experienced frustrations most of the time when my goal to earn profits does not met. But I am sharing with you my routine or at least what I do to keep my profits coming. I am fond using future trades, specifically on binance exchange. I am using other coin than bitcoin, eth and xrp cause their movement is really fast and could trigger an instant liquidation.

Im choosing other coins that recently added on their offered leverage trading and see on their channel or news if there is a good news or something big. Then I likely to put on long position, but I also rely on charts. Whether I set a short/long position and dont forget to put a SL/TP on my orders.

Regarding tokens or long term, Im simply dumping free coins from bounty and holding major coins such as btc. By this I could maximize my money and also save some but it does not guaranteed easy profit.

It is really hard to tell what is an effective technique, trading signal to use in this particular scenario. I also often ask it myself and guess what? I don't listen to anyone but just my own market understanding by looking it to the current market chart versus last month's performance and the possible coming event. Because if we are listening to people's advice and tried to catch them, definitely, they are 50/50 and that it affects your decision instead of asking yourself and make a hard decision. In fact, if you got wrong, there is nothing to blame but just yourselves only.

This mindset of having contentment in life is best being applied with
this market, it's best to gain
something from your trading practices than missing the opportunities
and regrets that you didn't act fast
and grab the opportunities.


It's up to how would you approach each opportunities for you, if you
can manage to gain in multiple ways
your benefits even it's small if continuous is still far better than nothing.

It is all about trading system for me, if you do not have specific trading system then for sure you will have a hard time on determining your entry and exit points in the market. Determined what kind of trading system that you use, are you a type of a trader who are riding a trend or what we say a trend follower or are you a trade who is more on momentum who will buy when the price is strong and only sell when the price stops or it lose its current momentum.

Definitely a hard question and a hard thing to execute specially when you're beginning to see profit, that will always excites you.
I can't also think of any better techniques other than technical and fundamental analysis to predict a better position before selling.
I'm not an expert trader like the OP, but I guess he's doing just fine as long as he sees profit more often than losses. Not being able to sell at the highest is indeed part of the risks and unpredictability of the crypto market.


Good example.
Lucky are those who are able to sell at $11k level. That's the nature of trading.

You're not doing anything wrong. That's just how trading works. Your best bet would be to get control of your emotions. What happens in trading is that, whenever you're in profit, both greed and fear starts setting in.

- Greed: you think it still has a lot of room to grow and don't want to leave money on the table.
- Fear: you have second thoughts that it might just go negative as volatility is on the high side and might easily flip to a loss

---

Trading isn't just about reading charts, doing technical analysis etc. Your emotions plays a vital role too.

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.

I think the problem that you keep experiencing is because you do not have proper plan and strategy. You said that you predicted the price and it is the reason why you bought with 25x leverage but your plan is not enough because you do not set  stop loss levels and target profit. When I said target profit, you should have plan when to sell it where if the price reached this area or any specific; you will sell it immediately.

Target profit is important in plan because selling is a vital in trading. You can buy with confidence but you cannot sell it with dignity without proper plan and proper execution. If you do not like target profit then trailing stop is what you need where you will run the profits until there is a breakdown and also if the trend snaps.

There's no such thing as risk-free trading, and no guarantees that we will be getting profits as well due to the unpredictable conditions of the cryptocurrency market. It's pretty simple though, just simply buy low and sell high based on the TAs from the trading experts (especially the support and resistance level).

At the end of the day, it's still all about money and risk management that we really need to implement. Once you place the buy or sell order, you must understand the risks that you're taking because the market condition is unpredictable and it'll sudden change in any minute or so due to high volatility.

It's highly dependent on you yourself tbh, since we really aren't there to help you judge whether it's time to wait for more profit, or exit to avoid losing out on potential profit. In my case, I just leave it to that, when I profit, I avoid regretting over the potential profit I could've obtained. It's like poison tbh, that could pretty much lead you to make more wrong decisions due to remembering the fact that you lost one chance of making a huge profit. You already have all the necessary skills in trading, proven by the fact that you've traded over the years and were able to buy in at the correct times. Still, with how you're looking for the maximum profit when trading, that may prove detrimental on your progression, so I suggest avoiding it.

This is actually a hard question and its always been like this yet we know the nature of trading or part of it is price unpredictability and its part of the risk.No one does  have  the crystal ball to know on what would be the best time for you to sell because  each market price movements is not determined and it all depends on demand and supply.Therefore, these factors alone will really make you think that you might be either on the peak or in the bottom and when your instincts do tell you to sell then you would gonna probably sell of that time but due to circumstances just like for example on what happened on btc price then its really unexpected.
Its been tanking for how many months and suddenly it rose up to 11k+ atm which no one able to see it coming.

That " ask him to help you " but that was just him lol poor being, go away with that poor shitty scam.

Good thing for you, you are very well equipped with knowledge that you can use in trading. And since you are experienced in trading, coz you said you are from trading stocks, I'm sure you are very aware of the terminologies and techniques in trading, and since crypto trading is easier than stock trading it's not surprising at all that you are doing good and have a very huge profit. Futures trading is risky though in lowest leverage, so you better watch out for this, don't be complacent.

Exiting is just the hardest to find. There might not even be a perfect exit unless you just try to exit while the Oscillatory momentum and RSI pointed up like its the ATH already. ITs the same thing you can do with upcoming rally, you know when it might happen but get into the right time where the bottom price is also hard for timing. I don't know some other people but this is base on my experience.

To make it profitable just exit while you profit. Some traders already call it greed when you expect the price to go way high. You can find another entry point soon when you exit while you profit.

WARNING: I will say this is just a scam attempt (it's my opinion from my personal experience). I have seen a story almost a year ago that someone skipped with trader's funds. First, he had gained trust from traders and when he had accumulated a huge amount then simply skip and was told his wallet has been hacked. That's the reason why I don't trust who offers such a service. Especially such as a post from a newbie account is more suspicious.

It seems you can read the markets well enough, that is a great start, now what you need is a money management strategy, basically you need a system that tells you when it is the time to get in or out of the market once you have taken a position, however you cannot really expect to always take the choice that completely maximizes your profits every single time, however if the system you implemented helped you get 400% out of a movement that produced 538% profits it would be better than what you are experiencing right now.

The only problem that I see is that for the most part a money management strategy will for the most part demand that you reduce your leverage, as 25x is simply too much and a single failure to read the market could destroy your account.

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.