It's ok if your profits are less - page 4.

Utoy101

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Quote from: pawanjain on July 08, 2020, 02:34:56 AM

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.

I think everyone has had a taste of crypto price volatility of how it oftens affect the profit making potential of investment. I always hold one principle very dear whenever I'm to invest in crypto, which is having a set target and once my coin hits that target, i do sell off without any hesitation. Often atimes, after selling off, price do increases but then again it's better than seeing it goes otherwise so my take is it is always better to take profit no matter how small than to hodl and lose because once some coins get dump, they don't rise again

harizen

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Quote from: shield132 on July 21, 2020, 02:36:37 PM

You can't always catch the best moments but you can catch good moments and that's what you have to do to keep going on well.

Your example might hit the majority here including me lol.

Feeling regret is always part of the game. We can't just say it's our mistake that we didn't anticipate what will happen because, in the first place, there is no way we can tell it. As long as we bag some profits out of trading, take it as an achievement. It's way better than we sold because we want to minimize the loss.

What matters here is, just continue. Our experience will teach us how to deal with a different scenario.

Golftech

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Quote from: gabbie2010 on July 21, 2020, 02:06:09 PM

A small profit taken is far better than a loss this is part of taking risk in trading what are about closing or selling your Eidoo at a loss despite hodling it for year? even though your target at 0.003ETH was not hit, Its normal in crypto trading consider early adopters of bitcoin who bought low and sold it off at a lower price thereafter its price pumped to ATH at $20k.

If there's opportunities to earned whether it's small still better than you lose your investment, with fluctuating market it's really hard
to everyone when to sell your holdings, you need to condition yourself and contented with small gains.

Quote from: gabbie2010 on July 21, 2020, 02:06:09 PM

It is very difficult to predict the price of cryptos technical and fundamental analysis are just guide to trading nobody can accurately predict were the price a coin will pumped or dumped every analysis is just a calculated guess

With too many factors that can influenced the market flows, it's all about how well you anticipate and how good you are taking care
of your chosen position.

davinchi

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Quote from: Viscore on July 21, 2020, 12:14:43 PM

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.

When high fluctuations are the actual opportunity for making profits for traders, if we are to conscious about not getting into negative market to wait infinitely then it would be always a good idea to go for accepting profits which are even small. Because, when there are enough fluctuations happening on daily basis then we can definitely get another opportunity to make another profit which may be small or big but consistently gaining will be more important.

Quote from: Viscore on July 21, 2020, 12:14:43 PM

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.

Greedy people will never find themselves fit for everywhere, trading cannot be an exception for them. If they realize small profits also will be summing up into big one over the time then they can get chances to come out of their greediness. But, when they are dominated by greediness then the chances for realizing actual facts about trading will be very less.

shield132

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Quote from: pawanjain on July 08, 2020, 02:34:56 AM

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.

In any case there would be two versions:
1. I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0032 ETH per coin (that happened to you and you blame yourself for missing such an opportunity).
2. I got the 2 ETH by selling all the coins and I saw the price today and it was 0.0012 ETH per coin or lower (you would blame yourself for being very greedy and not selling them when you could).
So, don't blame yourself cause you did right when you sold them even at 0.002 ETH per coin, seems you got double profit (from 0.001 to 0.002). You can't always catch the best moments but you can catch good moments and that's what you have to do to keep going on well.

gabbie2010

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A small profit taken is far better than a loss this is part of taking risk in trading what are about closing or selling your Eidoo at a loss despite hodling it for year? even though your target at 0.003ETH was not hit, Its normal in crypto trading consider early adopters of bitcoin who bought low and sold it off at a lower price thereafter its price pumped to ATH at $20k.
It is very difficult to predict the price of cryptos technical and fundamental analysis are just guide to trading nobody can accurately predict were the price a coin will pumped or dumped every analysis is just a calculated guess

Oyarebu

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What you did was the right move for every trader, we should be calculative when talking about profits. Sometimes during my trade, I do pick my profits from 3-5%, this has worked for me severally. Those with huge lose during trades are those with greediness, but as for me, 3-5% is okay.

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Quote from: pawanjain on July 08, 2020, 02:34:56 AM

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.

Thanks for telling your experience, I'm glad you were able to get a profit from it, normally when Bitcoin is in a bullish trend it is when there are more chances of profit for altcoins.

When we talk about coins and hodl it is difficult to resist the falls of the same, but you did very well in having sold, the opposite has also happened and you lose even more value in coins, normally when I have coins like that I place them in order of sale with a +30 +40% profit.

Viscore

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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.

SacriFries11

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It’s okay that you only gain less profit. You didn’t know that it will happen right? No one will expect these will happen; only the pro traders will know that so they probably avoid it. In this situation, you should learn from this mistake. You just being safe and contented about your winning. I know Eidoo and it’s a great project with good project team. Don’t be frustrated about it and try to look in the bigger picture ahead. Don’t make this trade the end of your career. It’s just the beginning and remember not all traders able to make profit just like you.

qory

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Quote from: pawanjain on July 08, 2020, 02:34:56 AM

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.

You make wrong choose with holding not potential coin for long time, maybe better you hold top ten coin and take much profit although holding in several years later. I know your position with thinking give much profit later after holding altcoin but right is not time with holding some coin for long time, just waiting one day and maximum for a week to gte much profit and better cut lost if get coin is not profitable for long term holding.

Mahanton

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Quote from: Genemind on July 20, 2020, 05:28:39 PM

Quote from: pawanjain on July 08, 2020, 02:34:56 AM

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.

I would prefer to have a lesser or lower profit than to lose even my capital for being too greedy. It isn't bad to hope for a bigger and better profit but there are instances where we have to feel contented especially if we're holding coins with unstable potential. It's not healthy to have a very high expectation knowing that the market is also unstable. However, we have different levels of contentment and it's still for us to take the risks if we want to gain better.

As a human it is somewhat normal to have those high expectations on certain things and that when learning and self realizations do come in when you have experience the actual situation that not all
that you do anticipated will happen.Its normal for us to be greedy yet its always been part of us but we should really have a good hold of it because this will primarily the reason on messing things up.
Start with slow pace but somehow do generate slow and gradual in terms of profits.Yes, it might not be big but should be enough for you to call it a day.Trading isnt a race for someone to make big profits
but it do matter on how long you would sustain into this market.

Genemind

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Quote from: pawanjain on July 08, 2020, 02:34:56 AM

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.

I would prefer to have a lesser or lower profit than to lose even my capital for being too greedy. It isn't bad to hope for a bigger and better profit but there are instances where we have to feel contented especially if we're holding coins with unstable potential. It's not healthy to have a very high expectation knowing that the market is also unstable. However, we have different levels of contentment and it's still for us to take the risks if we want to gain better.

tbterryboy

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Quote from: sheenshane on July 20, 2020, 10:59:18 AM

Quote from: bitbunnny on July 19, 2020, 04:19:10 PM

One important thing to understand when trading is that you can't make profit all the time ..

The fact is this if you have this mindset you will surely understand that crypto trading isn't an easy job. The benefit that might you will gain will depend on your wise decision, but once you have failed, juts move on and accept the fact that trading isn't something you will get the correct prediction.

However, OP was very lucky and I would have the same decision if I saw that there is already my profit. Sometimes our greediness will kill our profits that might down. Be contented with what you have. Traders, bounty hunters, and investors should have this mindset.

Anyone who is not ready to have that kind of mentality will be the one that will make the most loss. Some people will buy a token and sell after a little increase and after they sold, they notice further increase and buy back that token which will eventually drop back and they will lose at last. So, what’s the need? And of course I do know that not everyone can be contented with their achievement, there will always be those that are greedy and the consequences that follows are there to teach others that tries to do thread the same path.

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Quote from: chaser15 on July 08, 2020, 05:20:07 PM

Whenever you sell, don't regret what you did but instead take a new round just in case you decided to buyback.

And besides regretting our decision will turn frustration and our next trade will surely affected.

Quote from: chaser15 on July 08, 2020, 05:20:07 PM

You will never know what will happen next. What if the other way around happened? Instead of profits, you lose.

Well all trade must be a lesson for us so we might find right decision every after trade.

Quote from: chaser15 on July 08, 2020, 05:20:07 PM

Just be positive that you sell with profits. After all, you can play with that coin again.

Yeah and even if the profit is small better be contented.

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Quote from: Triffin on July 19, 2020, 04:28:40 PM

we all should trade according to the market because when you will buy a coin for trading you will have to keep the market price in your notice if you will buy at high price it won't be profit worthy for you so buy a coin at fallen market state and then trade it when you feel its sold worthy. So many people i see who buy without making research about price which is wrong. Take advantage of market fluctuations and buy at red and sell at Green.

Trading will need to analyze the market, so we can get the right time to buy and sell. If the coin is in the red zone and that coin has the potential to increase, that will be the golden time for you because you can buy at a low price. So after you get the coin, you only need to wait for the time for the price to increase, so you can sell that coin to make a profit. It doesn't matter if the profit is not big because you will have a chance to make a big profit someday. Taking advantage of the market fluctuations will be necessary, so you will be able to make a profit.

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Quote from: pawanjain on July 08, 2020, 02:34:56 AM

snip

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.

That is fine, one of the most common phrases you are going to hear as a trader is to catch the bottom and to sell at the top, but honestly no one really knows where those points are and anyone telling you that is lying, during the bull run of 2017 when bitcoin touched 2k many were predicting a crash and sold their coins only to be surprised by bitcoin reaching 10x that price, as such the only thing that should worry you is if you get profits our of your trades and if you did then you are doing the correct thing despite whatever other traders may say.

sheenshane

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Quote from: bitbunnny on July 19, 2020, 04:19:10 PM

One important thing to understand when trading is that you can't make profit all the time ..

The fact is this if you have this mindset you will surely understand that crypto trading isn't an easy job. The benefit that might you will gain will depend on your wise decision, but once you have failed, juts move on and accept the fact that trading isn't something you will get the correct prediction.

However, OP was very lucky and I would have the same decision if I saw that there is already my profit. Sometimes our greediness will kill our profits that might down. Be contented with what you have. Traders, bounty hunters, and investors should have this mindset.

Pamadar

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Quote from: blckhawk on July 19, 2020, 10:27:16 AM

Quote from: pawanjain on July 08, 2020, 02:34:56 AM

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.

Honestly, I am very impressed on the way how you think. I've been in that situation before but unlike you I felt regret for being impatient that lead me to sell my coins at very low price. But anyway, you were right it doesn't matter whether you will have a big profit or not that much as long as you are earning. Well technically, it does really important for most of us but in this industry it really hard to predict how the market or a certain coin will behave hence, if you have seen an opportunity and you think you will able to gain some profit then don't hesitate to take it.

Mastering such attitude is not that easy to accomplished, there are always regrets when your trade didn't favor your position or
when you missed to take the big profits or cut that huge losses. by far, it's still your decision making that will keep you to survive.
You are the one who will make things possible both from small or big profits, it's all about how you handle things and how you take
every opportunities to gained.

TheGreatPython

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Quote from: bitbunnny on July 19, 2020, 04:19:10 PM

One important thing to understand when trading is that you can't make profit all the time and when you do the amount of profit is not always the same.
You need to put in accordance your expectations and conditions in the market, you need to be realistic and not expect to make the fortune.
Especialy in the situation like this as long as you are in green area at the end you are all good. Don't let your apetite for profit to grow too high.

Yes, when traders are able to understand the difficulty in making profits from trading and then definitely they will get the maturity level of accepting profits even it will be small. In my opinion only the traders who are not having enough experience might be looking for profits in bigger amount all the times and all the traders who are experienced enough, definitely will not go for big profits when market conditions are not favoring.

It means we can wait for bigger profits when market conditions are as per our expectations and as per what technical analysis is suggesting. When market conditions are highly volatile and market can go into negative direction at any time then accepting small profits must be a very good idea rather than booking losses later on.

Topic: It's ok if your profits are less - page 4. (Read 1963 times)