Topic: How do you manage your profits in trading? - page 2. (Read 18606 times)
When I notice that I am in profits then I will look for the latest resistance base on the chart and that is where I will base my exit point, probably a little bit lower than the resistance so I can make sure that I can sell before it tap the resistance point. I always set my expectations and also profit taking realistically because if the profit taking target is too much then I would just end up losing money.
while trading everyone will be looking to take whats gained i do position in and out many times and leave the rest with minimum risk , i have did this from many years and managed my profits , every traders should his own way of managing losses and profits , that is what makes a trader to be successful in trading
Yes, they should manage their funds because the market cannot give profits every time, so we should always manage them when we see any loss. A trader will manage their funds, according to their convenience and it will help them to be in safe. It is their wish on which currency they need to convert.
while trading everyone will be looking to take whats gained i do position in and out many times and leave the rest with minimum risk , i have did this from many years and managed my profits , every traders should his own way of managing losses and profits , that is what makes a trader to be successful in trading
If you want your profit to always be fixed in stable currency, it is better to trade in pairs with USDT. The price of Bitcoin is unstable. You can, for example, get more bitcoins as a result of any trade, but the price of Bitcoin will fall in relation to the dollar, which means that you actually do not just not make a profit, but may be at a loss
There is a better approach to making your wealth invulnerable to price volatility
What you do by selling bitcoins (or any other cryptocurrencies) for a certain amount of stable coin (or some fiat directly) can be done more efficiently and effectively by hedging, that is, by short selling your bitcoins. The indisputable advantage of this approach lies in the fact that you don't have to collateralize your short position in full (for example, at Bitfinex you need only 15% of the position value), so you can safely keep your coins in your personal wallet, which is an enormously better choice than sticking with some stable coin if you ask me
I am not one of the day traders, but in my opinion the cryptocurrency market still has softer thresholds for entering the profession of a trader. General knowledge and analysis methods will be typical for both types of trading, however, the demand for crypto rises every day and this gives hope for higher chances of making a profit
Trading is not a game of chance, as many believe, but the result of good patience and ability to act at the right time. Of course, the trading bot does a great job, but they are better used as additional help in case of stop loss.The problem is, there's a lot of misconceptions on this forum that you need to invest $10,000 or more to get started trading. That is certainly not the case. You can very easily start with just a $100 investment or so and be making a few dollars a day from trading. It's not something you should risk your life savings on. Start with a small investment while you learn the ropes. It will be a lot less stressful to you and you can still learn a lot from it.
If you want your profit to always be fixed in stable currency, it is better to trade in pairs with USDT. The price of Bitcoin is unstable. You can, for example, get more bitcoins as a result of any trade, but the price of Bitcoin will fall in relation to the dollar, which means that you actually do not just not make a profit, but may be at a loss.
I dont really understand what you mean . Is trading always with usdt pairs or what do you mean?Or do you mean to say after we have all finished trading a currency, it will be safer if we immediately change our assets to USD?Because to be on guard in case of unexpected price reductions. 
Profits are not guarantee in the market but you can have a high chance to win in a trade if you know a lot of trading setups and if you can execute it very well. Planning beforr trading is very important and all of traders should plan their trade very carefully to prepare for the worst. Having a target profit and a stop loss are very important in a plan.
If you want your profit to always be fixed in stable currency, it is better to trade in pairs with USDT. The price of Bitcoin is unstable. You can, for example, get more bitcoins as a result of any trade, but the price of Bitcoin will fall in relation to the dollar, which means that you actually do not just not make a profit, but may be at a loss.
Exactly, it is always good to convert our profit into USDT and it will surely help us to make more when the price drops. We should manage our funds in a different way to make a profit when we trade either with a BTC or USDT. Many people will be in a confused state whether to convert to USDT, in BTC.
If you want your profit to always be fixed in stable currency, it is better to trade in pairs with USDT. The price of Bitcoin is unstable. You can, for example, get more bitcoins as a result of any trade, but the price of Bitcoin will fall in relation to the dollar, which means that you actually do not just not make a profit, but may be at a loss.
Lol. I don't understand that. If you're trading btc-usdt pair, of course you'll have to sell at a value where you profit in usd. If you're trading btc with an alt pair, i don't think you should be looking at the dollar equivalent at all. That should be an entirely different considerstion. Just try to make as much btc or crypto pair. Of course you're not going to convert it to fiat when the value is down, right?
If you want your profit to always be fixed in stable currency, it is better to trade in pairs with USDT. The price of Bitcoin is unstable. You can, for example, get more bitcoins as a result of any trade, but the price of Bitcoin will fall in relation to the dollar, which means that you actually do not just not make a profit, but may be at a loss.
For me managing profit in trading is very important, usually when I get profit when trading. I will go straight separating the profit
I got from the initial capital of trading. I used to save the profit that I got on stable coins, like tether or DAI. So it will be easier to
see the profit that I get by separating every time I finish trading. It's why very important to manage profits in trading. If there are
other good coins to buy, you can buy from that profit we have separated it.By doing this management will make a profit that we
have can multiply.
I got from the initial capital of trading. I used to save the profit that I got on stable coins, like tether or DAI. So it will be easier to
see the profit that I get by separating every time I finish trading. It's why very important to manage profits in trading. If there are
other good coins to buy, you can buy from that profit we have separated it.By doing this management will make a profit that we
have can multiply.
Today the news has information that is spread by the well-known “Venture Investor Tim Draper” that by 2023, Bitcoin should reach $ 225,000. If such forecasts are correct, it is better to wait 3 years, leaving Bitcoin for long-term storage and get real profit 25 times more. Therefore, it is better to refrain from trading if you do not have experience.
If look at the price of bitcoin now for me is high enough if I buy it, it's better to choose altcoin to buy because the price is still very low if it will be held for the next three years
I am not one of the day traders, but in my opinion the cryptocurrency market still has softer thresholds for entering the profession of a trader. General knowledge and analysis methods will be typical for both types of trading, however, the demand for crypto rises every day and this gives hope for higher chances of making a profit
I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.
Well if you sell at high price and you want a good profit also you believed in the coins, of course you need to buy back after you sell it.
The only problem was that we don't know when coin going to be dump again, but because of the volatility you can buy back again depending
in the movement of the buyers of the coins as well.
buying low and selling high is the thing to do. but I see if we make purchases and sales at high prices maybe we should also wait for prices to go back down to buy back, because if we buy at high prices it is a speculation and if prices can be high it can be our profit but if prices are at low position, it might be a loss for us.
It's all about being apt in our decision making, you can be conversant with all the strategies in trading and have all the experience needed, but if you make decisions without prior proper thought then you cannot be said to be a good trader.As a trader or investor, you need to know the best time to buy,sell,cut losses etc.
I personally sell immediately my target is attained for that particular investment, then i wait for a favorable time when the price would be lower than the price I bought previously to buy again, you just need to make good decisions all the time.
I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.
buying low and selling high is the thing to do. but I see if we make purchases and sales at high prices maybe we should also wait for prices to go back down to buy back, because if we buy at high prices it is a speculation and if prices can be high it can be our profit but if prices are at low position, it might be a loss for us. 
Here is an expert blog. Maybe it will help you. It talks about:
What is Arbitrage?
Why Does It Happen?
Why Arbitrage Cryptocurrencies?
Types of Arbitrage
What is Arbitrage?
Why Does It Happen?
Why Arbitrage Cryptocurrencies?
Types of Arbitrage
It`s like you are suggesting investing profit you previously made on some risky thing. Profit is profit, it`s money you made and it`s yours to spend it as you like. Suggestion someone what is smart to do with their own money is stupid in my opinion, even with close friends it`s hard to do something like that, you should really know someone good to be able to suggest something that`s suit their personality and wishes.
With profit I make I do many things, sometimes I reinvest it in the same thing, what was profitable once can be profitable second time again. Sometimes I send profit to a safe wallet for keeping in coin I think it`s good for that. Sometimes I just gamble it away, cause I like it!
Here is an expert blog. Maybe it will help you. It talks about:
What is Arbitrage?
Why Does It Happen?
Why Arbitrage Cryptocurrencies?
Types of Arbitrage
What is Arbitrage?
Why Does It Happen?
Why Arbitrage Cryptocurrencies?
Types of Arbitrage
Don't rely only on your first profit that came from previous tradings, always think of another possible investments which can be used for your current profit gains. The opportunity is once and not prolonged, so better have it as an option to earn much better returns. Spending our profit wisely could provide is sustainable income.
I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.
timeliness and patience are important points in trading, the way I manage profits in trading is very simple,"if I already sell coins at high prices then I will immediately hold the money from the sale and wait for the price of the coins that I sell down as low, then I will buy the coins according to my wishes again, this method may be can take a long time, but I think this is the best and convenient way for me personally"
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