A journey of a thousand mile starts with a step, so, also profit taking when it come to cryptocurrency. There is knowledge in taking the less profit than to get the loss in parties. Profit less taking still the best method to survive in this cryptosystem, those little profits taking can equally turn to a bigger profits with time.
TBH, most of my trade profits are bench in 4%-8% and if convince about the said trade then 10% - 15%. This has been working for me without any regret, reuse of these little profits gave me the best I could have ever imagine.
Topic: It's ok if your profits are less - page 2. (Read 2006 times)
If you feel grateful for the benefits you get, you will feel that your life is calm, you don't have to look at the price of Eidoo tokens on the exchange, what you hold like ETH is currently good enough has increased in value recently, you can now hold ETH in the wallet, hopefully the price can increase above $ 800, of course it will make your profits even better isn't it, the most important thing is that you don't see the Eidoo token market anymore because you've sold it.
Knowing when is enough is one of the qualities of successful traders. alertness and wisdom, knowing the market in stages is a very difficult skill to acquire. Therefore, we should not bring greed when dealing, instead have a cold head and analyze the market in many directions to have more plans to deal with it. Be flexible and we will make a lot of money in every financial market.
So true.
Despite the low profits people are getting here, they still continue to reinvest and keep on investing. Some even says that they are not actually using the profits they are getting but it just goes back to Bitcoin or other cryptocurrencies to reinvest. That would give you more and more profits in the long run.
Knowing when is enough is one of the qualities of successful traders. alertness and wisdom, knowing the market in stages is a very difficult skill to acquire. Therefore, we should not bring greed when dealing, instead have a cold head and analyze the market in many directions to have more plans to deal with it. Be flexible and we will make a lot of money in every financial market.
I agree with you Mnporter2001, knowing when is in if makes propel successful
in long-term. It's better to have less profit than any kind of loss, in long-term it's
very important to have ore green days than red days.
But people are greedy and instead to take little profit they are trying to make a lot
of profit and its when they lose more than they make profit.
I often experience this, when it holds for a while and the price goes up a bit I decide to sell, if I am more patient maybe the profit will be bigger. But that's what is called a good decision, no need to target large profits, small gains are not a problem than losses that are more painful.
So dammnn true... Losses are more painful, but I still won’t understand why some people would be so much bothered when they are making little profit, instead of them to be happy.Although I do understand that it can be really annoying when you sell your coins and the price starts to skyrocket, but you should blame yourself for not having patience. It’s always being said that patience is the key when it comes to trading and investing in cryptocurrency. If you’re in a hurry and end up missing out from future profit, then I don’t see why get pissed.
Knowing when is enough is one of the qualities of successful traders. alertness and wisdom, knowing the market in stages is a very difficult skill to acquire. Therefore, we should not bring greed when dealing, instead have a cold head and analyze the market in many directions to have more plans to deal with it. Be flexible and we will make a lot of money in every financial market.
I often experience this, when it holds for a while and the price goes up a bit I decide to sell, if I am more patient maybe the profit will be bigger. But that's what is called a good decision, no need to target large profits, small gains are not a problem than losses that are more painful.
Low profit is not a bad thing everything will depend on how you need profit. If your demand is high then you will want your profit to be much higher if you have high aspirations, you will always think that you have more profit than others, Thinking like this all the time will put a lot of risk on your money and you will continue to be frustrated. The best way is to take advantage of the medium and always try to keep yourself happy.
Low profit is not bad if consist every hour or every day although get much profit but we hold more than one week or one months, I think for safety trading or investing under 5% profit every trade is enough and we always secure and safety all our trading assets.
Low profit is not a bad thing everything will depend on how you need profit. If your demand is high then you will want your profit to be much higher if you have high aspirations, you will always think that you have more profit than others, Thinking like this all the time will put a lot of risk on your money and you will continue to be frustrated. The best way is to take advantage of the medium and always try to keep yourself happy.
I had been holding 1000 Eidoo coins since a few years and was wishing the price rise high so that I make a hefty profit out of it.
But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
Satisfaction is the biggest thing for a trader with a small amount. Because it can't be said earlier to get a huge profit margin from a trade. Small amount can bring you an inspiration to get more or big things. You must have patience and own strategy as well. But I was feeling bad of the fact that despite holding it for a few years the price didn't rise much.
Lately the price went from 0.001 ETH to 0.002 ETH and I was happy that the price increased at least a little.
Though my target was around 0.003 ETH I decided to sell all of it for 0.002 ETH per coin since I was assuming that the price will fall down again.
I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin.
If I would have sold it today I would have got 3.2 ETH. So I basically got 1.2 ETH less than what I could have got.
But this is what I want to highlight. Though I could have got more profit I am not sad since I got at least a little profit.
I know I would have been more happier if the price would have decreased after I sold but I am not sad that it instead increased.
So guys, it's ok if your profits are less. You are at least making profits while things could have gone the other way around.
Yes i agree its okay if profits are less, what matters most is the consistency at which you make the profit, as a trader or investors, there are different degrees to profit making. It also emphasizes why researching is important because different projects cannot bring same profit range
You very right about that, consistency matters a lot no matter the level of your profit. If you’re the type that’s making profit once in a while and then majority of the time you will trade and lose your money, it’s completely useless since you’re losing after everything. Besides researching the type of investments you’re getting into, you should as well know the level of capital that you’re putting into that. If you invest too much and lose it, you’re going to be affected seriously.
when we get profit even that just small amount, save it and accumulate with next profit will be good choice . someday our assets from its profit could folded and be big amount.
That could be the basic logic here rather than being a greedy trader like waiting may lead to lose unbooked-profits and capital as well. When you are matured enough then you may not wait against volatile markets only inexperienced traders do wait and then do face the negative consequences.
It is okay as long as you have earned profit, many investors and traders are getting sad whenever they earn only small amount of money and for me it is wrong because profit is a profit and we should be happy with it. It is okay to earn small amount of profit than to incur huge losses, in my trading system; I keep using trailing stop not just because it is part of risk management but because I want to preserve my gains in order to not experience losses or breakeven.
they must be gratefull with profit they got from trading or whatever , earning profits was very difficult at this moment and not all trader could earn this. when we get profit even that just small amount, save it and accumulate with next profit will be good choice . someday our assets from its profit could folded and be big amount.
It is okay as long as you have earned profit, many investors and traders are getting sad whenever they earn only small amount of money and for me it is wrong because profit is a profit and we should be happy with it. It is okay to earn small amount of profit than to incur huge losses, in my trading system; I keep using trailing stop not just because it is part of risk management but because I want to preserve my gains in order to not experience losses or breakeven.
That is ho the traders life is going to be, but they can't do anything about it just move on and don't regret about the past trades it will affect your future.Keep trading with small profits and it will keep increasing while compounding the profits made again as capital for your trades.
Yes i agree its okay if profits are less, what matters most is the consistency at which you make the profit, as a trader or investors, there are different degrees to profit making. It also emphasizes why researching is important because different projects cannot bring same profit range
That sounds right because a trader is not someone who makes big profit trades, because that are classified as investors who invest and enjoy great returns. I believe trader is one who makes small profits but makes sure he repeats the process constantly and while loss are part of the trading but he eliminates all loss possibilities.It is hard to contain ourselves when the price is rising for any asset like BTC is on a bullish run and people would want more and more profits but a smart trader would sell and buy again and repeat it to make sure he earns constantly.
Yes i agree its okay if profits are less, what matters most is the consistency at which you make the profit, as a trader or investors, there are different degrees to profit making. It also emphasizes why researching is important because different projects cannot bring same profit range
That sounds right because a trader is not someone who makes big profit trades, because that are classified as investors who invest and enjoy great returns. I believe trader is one who makes small profits but makes sure he repeats the process constantly and while loss are part of the trading but he eliminates all loss possibilities.It is hard to contain ourselves when the price is rising for any asset like BTC is on a bullish run and people would want more and more profits but a smart trader would sell and buy again and repeat it to make sure he earns constantly.
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I could've stopped thinking too negatively when I was day trading if I got the return of at least a cent. 
As a beginner that day, a small profit is already a satisfaction knowing that you're doing it right but meh I've traded Cardano , ETH, and other top alts in Binance and I don't seem to get it right.
Losses cant really be avoided but somewhat can be suppress and that should be on everyones goal.
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I could've stopped thinking too negatively when I was day trading if I got the return of at least a cent. As a beginner that day, a small profit is already a satisfaction knowing that you're doing it right but meh I've traded Cardano , ETH, and other top alts in Binance and I don't seem to get it right.
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I could've stopped thinking too negatively when I was day trading if I got the return of at least a cent. As a beginner that day, a small profit is already a satisfaction knowing that you're doing it right but meh I've traded Cardano , ETH, and other top alts in Binance and I don't seem to get it right.
People should think wise and smart enough to interact in the current market situation. We know already how volatile we are and we are not seeing whar next that is why taking such an opportunity to gain even if that is small only, it should be considered enough. Greedy people will think differently that is why I'm not surprised that most of them won't succeed but just to have a losing ends. 1%, 2% profit gain, I was not looking that much, I have to take that chance rather than to lose it and have it regrets.
Just a few days ago there were articles about how the market has hit a very low mark when it came to the volatility as the market was not really moving in any direction, as such the market conditions we are facing are not really ideal for those that are expecting huge profits, so anyone getting 1% profits per trade or at least aiming for that is probably doing well enough under these circumstances, the real problem is how to adjust your system when the market of cryptocurrencies presents again a positive trend and not be one of those that are left behind.Jump to: