Topic: How do you manage your profits in trading? - page 6. (Read 18606 times)
ive coded a simple python program-manager with gui using qt5, its easy and very usable, so u can do the same thing
Securing profit is easy when you can control yourself when you are satisfied with your gains. Most of the times it's the greed that's making our gains into losses. You can do trail profit, you raise your sell limit as the price climbs up.
That's necessary as it's the resemblance of your discipline as a trader, when you have a trading plan and target, you need to strictly follow it.
Always take profit as you never know what will be your future, in trading, we could fail in the long run so taking profit is providing yourself another opportunity to start again once you lose in the long run.
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.
I don't really get what you are talking about. But if you are to sell high, then why would you be buying back at that same price position since you know that the price will drop? If you buy low then you're meant to sell at a higher price and when the market drops to a lower price then you can buy back again and keep the first profit you have made. I don't see any difficult math in that it's just the same thing like when you're doing business, your main target is always about making profit and nothing else. When you're buying any product you buy at a lower price to sell at higher price and make profit. That's the same thing you should be targeting in trading as well. 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.
We have different ways on what to do with the profits we jave gained in trading. From my personal experience, my profits will be use to buy another altcoins at the dip. Or I will add some bitcoin to my wallet from the profits I got from trading. Not everytime I do that, I still spend some of it by buying some few things I need for my personal needs.
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.
After we sell, we can wait until the price drops to make the next trading session. But when the price continues to move up after a certain period of time, we can enter again no matter what the price is. Putting targets, profit/loss, is also advisable to.
Selling your cryptocurrency on high price and buying them when the market price will go down. This is the only way to make your trading profitable
That's for short term trading. Period.
But if you manage to maximize your profit, you can hold longer just like I did over 5 years.
Yes, it is not yeild as much as short term but it's easier and less strees isn't it
5 years? I'm not sure if you really hold on to those coins for so long or you just really forgot it because you have received many coins that you don't what it is anymore. I only believe on 2-3 years holding and that's the best management in your trading profits. Usually, coins only achieve their best all time high after those years and what comes after is that they go down and forgotten.
Selling your cryptocurrency on high price and buying them when the market price will go down. This is the only way to make your trading profitable
This was discussing how to manage our profit and in my experience, the main answer will always be related to secure our profit through converting it into the various assets which were having stable value without any depreciation that caused by the volatility. Stable coin is the one but we can try to save it into the various assets too. 
Selling your cryptocurrency on high price and buying them when the market price will go down. This is the only way to make your trading profitable
That's for short term trading. Period.
But if you manage to maximize your profit, you can hold longer just like I did over 5 years.
Yes, it is not yeild as much as short term but it's easier and less strees isn't it
Selling your cryptocurrency on high price and buying them when the market price will go down. This is the only way to make your trading profitable
But not everyone is going to make some kind of profits,the strategies will make us to be in high profit or less profits even in the continuous bull trend.So what are your strategies and what you do with the profits youu made from trading? Directly cashout or keep reinvesting the profits again and again into your trading?
Selling your cryptocurrency on high price and buying them when the market price will go down. This is the only way to make your trading profitable
Securing profit is easy when you can control yourself when you are satisfied with your gains. Most of the times it's the greed that's making our gains into losses. You can do trail profit, you raise your sell limit as the price climbs up.
Honestly I don't have far more experience about trading that gives me a huge profits. But for my own few experience and a little bit knowledge in trading the primary focuses of managing trading is to find a promising and profitable coins after buying at a lower price and to sell at higher price. And if you are doing it well for a couple of years you could probably get more profit and aside from that you could also be more knowledgeable in choosing good and reliable projects.
Buy at the dip thats just as simple as it is When the stocks are down Is a perfect clear chance to buy at the dip man Most of the time thats what you are suppose to do assuming you value the coin to have some fundamental potentials in the market
Not an expert here but if it were that easy, there wouldn't be any fuds and people who got themselves rekt. As things stand, there are probably more people who lost money than those who made profit. And i'm pretty sure all of them are very much aware of the buy low sell high principle. It's just not that easy to put it to application.
Buy low and sell high is a general principle (as you said)
In practice, though, it may mean quite a lot of different things. For example, in a bear market you may be buying high and then selling low in order to buy lower again. That cycle can be repeated a dozen times until you reach a true bottom and then you just let your profits grow. In this way, it doesn't matter how many losing trades you make as it is the end result, i.e. your balance, which counts in the end
yes, there are many ways to look at this. but as you mentioned, the simple rule of trading - buy low, sell high. if you will repeat it over and over again, even to get short-term profits, you will be surprised how much you will earn from this cycle of trading. getting your initial investments is already a plus, and the rest is just making your profits. for traders, there is no bull run or bear period. they can always get a strategy how to get profit from the market.
To manage profits in trading as simple as follow
First step put margin how much percent want to earn
Second always be alert about the market movements
Third the most important thing is hardwork and focus
Forth ready to accept loses because nobody can get easy money
I believe you are in, you have a plan and just stick into it. First step put margin how much percent want to earn
Second always be alert about the market movements
Third the most important thing is hardwork and focus
Forth ready to accept loses because nobody can get easy money
Our goal is to aim high, not of being greediness or to be much ambitious as you think but that's it makes us to encourage more and to work hard for its fulfillment. But if you're not doing it, your plan is only such a dream at all.
successful trading is not about managing risks and let profits run we cant manage profits because we dont know how much profits we will be getting
go thorough this for risk management https://bitcointalksearch.org/topic/m.49337540
go thorough this for risk management https://bitcointalksearch.org/topic/m.49337540
Buy at the dip thats just as simple as it is When the stocks are down Is a perfect clear chance to buy at the dip man Most of the time thats what you are suppose to do assuming you value the coin to have some fundamental potentials in the market
Not an expert here but if it were that easy, there wouldn't be any fuds and people who got themselves rekt. As things stand, there are probably more people who lost money than those who made profit. And i'm pretty sure all of them are very much aware of the buy low sell high principle. It's just not that easy to put it to application.
Buy low and sell high is a general principle (as you said)
In practice, though, it may mean quite a lot of different things. For example, in a bear market you may be buying high and then selling low in order to buy lower again. That cycle can be repeated a dozen times until you reach a true bottom and then you just let your profits grow. In this way, it doesn't matter how many losing trades you make as it is the end result, i.e. your balance, which counts in the end
For now it’s a little difficult to decide which coin will give profit because the current market situation is declining. At least you have some knowledge about reading candlesticks which you have to see if the candlestick is green or red you will see some benefits in buying or selling some coins.
The current market is a test on our trading skills so if you make good money, then trading is good for you. Right now, I just buy at a cheaper price and wait to pump again, sold it and buy back again. Its hard to make profit in short term because of your emotion so try to trade a little longer maybe it will work for you. 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.
Buy at the dip thats just as simple as it is When the stocks are down Is a perfect clear chance to buy at the dip man Most of the time thats what you are suppose to do assuming you value the coin to have some fundamental potentials in the marketNot an expert here but if it were that easy, there wouldn't be any fuds and people who got themselves rekt. As things stand, there are probably more people who lost money than those who made profit. And i'm pretty sure all of them are very much aware of the buy low sell high principle. It's just not that easy to put it to application.
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.
Buy at the dip thats just as simple as it is When the stocks are down Is a perfect clear chance to buy at the dip man Most of the time thats what you are suppose to do assuming you value the coin to have some fundamental potentials in the market Jump to: