It's ok if your profits are less - page 5.

Triffin

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Quote from: coinfinger on July 19, 2020, 08:45:53 AM

Quote from: Nellayar on July 19, 2020, 05:11:35 AM

Playing with small profits is a play safe when it comes in trading.

At the same time, you might need to keep trading for more number of times compared to what if you target one big profits. I mean there is a saying about trading, "more the trades, more the loss". But if you're technically targeting small profits and your entry and exits are supported by technical analysis then I guess there will not be any big problems.

Quote from: Nellayar on July 19, 2020, 05:11:35 AM

In trading, we should not be greedy because too much greediness can cause as zero capital and rekt.

I guess only out of maturity level, traders can get into the state of accepting small profits. Because, you need to control your emotions like, even there are visibly possibilities for making more profits but you should control your greediness to book profits to finish off your trading safe.

Quote from: rodskee on July 19, 2020, 06:34:06 AM

Act accordingly and you'll be able to execute good trades.

This seems more appropriate way of trading. If there are possibilities for making more profits then we can go for it and if market seems more fluctuating than we should accept small profits. It means there cannot be no fixed targets but we should trade according to market conditions.

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.

bitbunnny

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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.

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That extra part of greed is the one that actually changes so many stuff, if there wasn't that extra layer of greed everything would have been fine with the world. You bought something at 100 dollars and got into investment? Amazing news. You got out at 110 dollars and made 10 dollar profit? Perfect. Now you want to leverage it 100x and want to turn that over to 1500 dollars?

Well, I am sorry but you are getting silly. That is why I keep saying that if you want to be an investor, always learn about humility first, you didn't had ANY profit when you started, so if you have even just a bit of a profit that is better than people who do not have any profit at all. Which means you should be focusing mainly on the profiting part and never focus on how much profiting part.

blckhawk

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Quote from: pawanjain on July 08, 2020, 01:34:56 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.

coinfinger

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Quote from: Nellayar on July 19, 2020, 05:11:35 AM

Playing with small profits is a play safe when it comes in trading.

At the same time, you might need to keep trading for more number of times compared to what if you target one big profits. I mean there is a saying about trading, "more the trades, more the loss". But if you're technically targeting small profits and your entry and exits are supported by technical analysis then I guess there will not be any big problems.

Quote from: Nellayar on July 19, 2020, 05:11:35 AM

In trading, we should not be greedy because too much greediness can cause as zero capital and rekt.

I guess only out of maturity level, traders can get into the state of accepting small profits. Because, you need to control your emotions like, even there are visibly possibilities for making more profits but you should control your greediness to book profits to finish off your trading safe.

Quote from: rodskee on July 19, 2020, 06:34:06 AM

Act accordingly and you'll be able to execute good trades.

This seems more appropriate way of trading. If there are possibilities for making more profits then we can go for it and if market seems more fluctuating than we should accept small profits. It means there cannot be no fixed targets but we should trade according to market conditions.

DevilSlayer

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Quote from: rodskee on July 19, 2020, 06:34:06 AM

Quote from: Nellayar on July 19, 2020, 05:11:35 AM

We have to think that there are always a trend in the market. Yes, today it is bull run season but we don`t know when it will moves down as well. Playing with small profits is a play safe when it comes in trading. Imagine, if it goes in reversal? You 2Eth might be gone. In trading, we should not be greedy because too much greediness can cause as zero capital and rekt. We can make money in small trading, so it is enough even you only got small profits.

Very important to learn more about how place your entry to right place, timing
makes you to earned from this business.
Every time you make your position always anticipate that there are possibilities
that it might change the direction
make sure to plan ahead and assess whether to keep your position or if you
already need to cut your losses.
Act accordingly and you'll be able to execute good trades.

Timing is important and we always consider it especially when we do trading, there is always a right time and a wrong time whenever we want to buy a specific cryptocurrency. The reason why many people are experiencing losses after they buy bitcoin or altcoins, because their timing is not good.

Before we buy, we should have plan about our entry price, our target prices and also our stop loss levels. Everything can happen so we should also have different backup plans in order to avoid huge losses. I'm a momentum trader so I prefer to buy before the breakout or during the breakout but I make sure that I have good risk management.

rodskee

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Quote from: Nellayar on July 19, 2020, 05:11:35 AM

We have to think that there are always a trend in the market. Yes, today it is bull run season but we don`t know when it will moves down as well. Playing with small profits is a play safe when it comes in trading. Imagine, if it goes in reversal? You 2Eth might be gone. In trading, we should not be greedy because too much greediness can cause as zero capital and rekt. We can make money in small trading, so it is enough even you only got small profits.

Very important to learn more about how place your entry to right place, timing
makes you to earned from this business.
Every time you make your position always anticipate that there are possibilities
that it might change the direction
make sure to plan ahead and assess whether to keep your position or if you
already need to cut your losses.
Act accordingly and you'll be able to execute good trades.

Nellayar

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We have to think that there are always a trend in the market. Yes, today it is bull run season but we don`t know when it will moves down as well. Playing with small profits is a play safe when it comes in trading. Imagine, if it goes in reversal? You 2Eth might be gone. In trading, we should not be greedy because too much greediness can cause as zero capital and rekt. We can make money in small trading, so it is enough even you only got small profits.

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Quote from: tbterryboy on July 19, 2020, 04:31:08 AM

Quote from: Harriti on July 17, 2020, 02:48:21 AM

That is one of the psychology that successful traders have. they know what is enough and know how to cut losses. they are always awake to make important decisions and we need to study this guy. Newbie traders should not be greedy in the early days, we need to carefully analyze the market as well as adjust our profit plan to be more reasonable. We are still profitable anyway, no plan is 100% perfect, we need to tailor it to suit the market situation.

When you're having confident to make multiple small profits to sum up into big profits by the end of the day then you can go for booking small profits regardless of whatever capital amount you are trading with. Yes, I agree it is just a psychological factor and it will definitely helping you to become successful in crypto trading. I believe making small profits in this crypto markets too easier but I'm not sure why many people are not preferring it.

Being greedy must be one of the reason, why many traders are not preferring small profits. When you're comfortable with whatever positive results you're getting from your trading then that will definitely get you better position in your life just because of what you get as the over all profits from trading. Because, almost all the traders are looking for big profits and by the end of the day they are booking only losses due to market fluctuations. So, accepting small profits will help for sure.

In most cases on where this is the main reason why people do experience big loss before they do realize something that trading with the market doesnt work on that they had anticipated.

Small or big it doesnt matter as long you do able to see greens then that should really be enough and yet this is the most important thing to make yourself survive to this market.

Profits in small or gradual phase isnt bad as long its sustainable but due to greed, people are way too ambitious and too impatient.

tbterryboy

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Quote from: Harriti on July 17, 2020, 02:48:21 AM

That is one of the psychology that successful traders have. they know what is enough and know how to cut losses. they are always awake to make important decisions and we need to study this guy. Newbie traders should not be greedy in the early days, we need to carefully analyze the market as well as adjust our profit plan to be more reasonable. We are still profitable anyway, no plan is 100% perfect, we need to tailor it to suit the market situation.

When you're having confident to make multiple small profits to sum up into big profits by the end of the day then you can go for booking small profits regardless of whatever capital amount you are trading with. Yes, I agree it is just a psychological factor and it will definitely helping you to become successful in crypto trading. I believe making small profits in this crypto markets too easier but I'm not sure why many people are not preferring it.

Being greedy must be one of the reason, why many traders are not preferring small profits. When you're comfortable with whatever positive results you're getting from your trading then that will definitely get you better position in your life just because of what you get as the over all profits from trading. Because, almost all the traders are looking for big profits and by the end of the day they are booking only losses due to market fluctuations. So, accepting small profits will help for sure.

Moyna Akter

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It is important to trade with skill and patience. Taking more risks in the hope of extra profit can lead to massive loss of assets which is not desirable for a trader. Determining the rate of trading success is more important than increasing profits to increase efficiency. So safe trading should be done using skill and experience without taking extra risk in the hope of extra profit, even if the amount of profit is low, that's fine.

pragna

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Quote from: pawanjain on July 08, 2020, 01:34:56 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.

Yes, i always happy if i gain profit that may big or small. If i invest just 1 eth into any coin and if i got 0.3eth profit i am happy. After my sell it may go high price and at that time i may got 0.7eth profit but i never upset for that. Because at that point 0.3eth was very important to me and it its price down i had lost all profits even investment. So don't upset for big amount of profit give step small and make success.

thanks.

rodskee

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Quote from: Harriti on July 17, 2020, 02:48:21 AM

That is one of the psychology that successful traders have. they know what is enough and know how to cut losses. they are always awake to make important decisions and we need to study this guy.

It's very important to have a good goals when you are into this business, knowing
that the chance is always there
when you made a good decisions and you continue to stay focused with your own
sets of strategies.

Quote from: Harriti on July 17, 2020, 02:48:21 AM

Newbie traders should not be greedy in the early days, we need to carefully analyze the market as well as adjust our profit plan to be more reasonable. We are still profitable anyway, no plan is 100% perfect, we need to tailor it to suit the market situation.

Greed will only lead you to burned your money, though there's also a good use of
this emotion only if you already have
a good knowledge to make sure that you are going to benefits with your actions.

Insanerman

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Quote from: pawanjain on July 08, 2020, 01:34:56 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.

That makes your trade safer. And in fact that you already profited from holding the coin for a long time, your decision to sold for 0.002ETH is good. It is good move since that you thought that it might go back on a lesser value again We just do not know the price when you bought it. This is what I am doing on my bitcoin. Since I always had chances to buy it at $6000 mark, it's an opportunity to just wait for btc to reach $10,000 then I'm ready to sell it. In fact, I'm already satisfied on $9500. Just doing this cycle because it is effective. I actually losing nothing. Just takes time.

Harriti

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That is one of the psychology that successful traders have. they know what is enough and know how to cut losses. they are always awake to make important decisions and we need to study this guy. Newbie traders should not be greedy in the early days, we need to carefully analyze the market as well as adjust our profit plan to be more reasonable. We are still profitable anyway, no plan is 100% perfect, we need to tailor it to suit the market situation.

lienfaye

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Quote from: babygun on July 16, 2020, 12:15:06 PM

I agree with you. For all my trades, I set up a price (or price range) to buy or sell. What I always try to do is only sell a part (with profit offcourse). The rest I hold in the hopes that some day the price goes crazy Grin

In my case I prefer to hold for long period because im not good as a day trader. I have set target price when to sell but taking profit at times when the market is turning better. Im contented even with small profit because the fact that you still earn with your investment is a big thing already. So regardless of the profit as long as you gain, just shows that you're in the right track because you're not losing your capital and even gaining from it.

Assface16678

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From my starting until now that I'm a successful trader base on my experience because even a small amount of profit or earning is a big deal to me which is a good thing to make more earning. Some of the people right now are aiming for the heavy and huge amount of market profit which is a good thing they do a large amount of money immediately but still, we are heading towards to get more mistakes.

I'm not a good trader which is a large earner but still, my goals are having a small amount of profit no matter what happens.

A small amount of profit is still a profit at the end of the day not all the time you can earn a lot of money easily just wait for your big turn.

Quote from: sandos on July 16, 2020, 09:43:18 PM

After buying any coin, you should set the price to sell to ensure profit when participating and avoid greed because if you are greedy, things will be very different. I have been like this in the past and it is my obsession so in any investment I am very careful and avoid letting this happen again. Also, follow your original strategy and don't change it once you have decided to buy.

Some of the people even have enough funds and already win on their trades still they are looking for income and more money and sometimes this may cause too much greedy and this is riskier most of the people are dropping their income unexpectedly. Again the market is volatile which is not a good thing to you instead you already have a large amount of profit because of the changes it reduces immediately.

sandos

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Quote from: ?? on ??

I like to stay at my profits very low Greed usually brings harm We make long-term investments in trading which are postponed for a particular period of your time. If the worth goes up we will make tons of profit but it requires patience. many of us invest impatiently and lose everything when it involves making a profit overnight without patience. Therefore first you've got to manage the market well then you've got to start out investing with a little amount.

After buying any coin, you should set the price to sell to ensure profit when participating and avoid greed because if you are greedy, things will be very different. I have been like this in the past and it is my obsession so in any investment I am very careful and avoid letting this happen again. Also, follow your original strategy and don't change it once you have decided to buy.

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Quote from: Oasisman on July 15, 2020, 06:50:16 AM

Quote from: perfect999 on July 15, 2020, 04:07:53 AM

I personally always prefer to cash my profits at initial stages rather than to wait for long time and maybe even end up in loss what was an easily profitable trade initially.

And how do you plan to cash out at the "initial" stage when the market is very unpredictable.

I can't think of any better action plan on how to eliminate the possibility of missing out during the rising trend of Bitcoin but setting a specific range where you're comfortable at before cashing out your profit, rather than making an immediate decision depending on the market situation.
This usually works on short and long term trading, as long as you're not chasing for a bigger profit.

I agree with you. For all my trades, I set up a price (or price range) to buy or sell. What I always try to do is only sell a part (with profit offcourse). The rest I hold in the hopes that some day the price goes crazy Grin

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Quote from: Oasisman on July 15, 2020, 06:50:16 AM

Quote from: perfect999 on July 15, 2020, 04:07:53 AM

I personally always prefer to cash my profits at initial stages rather than to wait for long time and maybe even end up in loss what was an easily profitable trade initially.

And how do you plan to cash out at the "initial" stage when the market is very unpredictable.

I can't think of any better action plan on how to eliminate the possibility of missing out during the rising trend of Bitcoin but setting a specific range where you're comfortable at before cashing out your profit, rather than making an immediate decision depending on the market situation.
This usually works on short and long term trading, as long as you're not chasing for a bigger profit.

It would always matter on an individual on how he do set things up and as long we do able to see greens then that what matter most in most cases but we know that people do mostly come or prefer to have much more profit thats why majority is waiting up for some bull run or high spikes in price before they do tend nor planned to cash out but for some they do prefer on gradual basis even on smallest margin of profit as long
its a gain then its a gain. period! Repeat the same process all over again until they do make theirselves profitable in long run. Losing is inevitable but due to nature of active trade, you can at least break even on what you have lost in shorter timeframe compared to those ones who do decide to hold up for too long period of time.

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