It's ok if your profits are less - page 6.

jostorres

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Quote from: KnightElite on July 15, 2020, 05:59:56 AM

We should not be greedy because our emotions can affect our further decisions, If we win small profit then we should be happy and we should appreciate it. Many people are not happy with small profit because their greed control them. I'm sure that there many traders there that regretted their decisions and they keep telling their selves like "I should sold the coin that I hold in its peak price". There are a lot of coin that making highs but because of greed, we didn't sell it immediately because our inner self telling that the price may increase more.

It can be understood both ways actually because there are people who make small profits but on the other hand we have people who wait a little longer and take our maximum profits from their trades. They might end up loosing at times in greed for big but with crypto there are chances that he can also make 10-20 times of what he normally would so loosing a couple trades is fine because one big trade will recover all the small losses.

Quote from: chikading2016 on July 15, 2020, 06:12:20 AM

I think it is ok even if our profit is small or less it is fine than lossing, we need to still be thankful for it, because not all of the people around are still earning this time, some people are lossing. Sometimes people are becoming greedy and they didnt count thier pofit when they gain a vey small amount.

Yes and better than loosing to greed we satisfy us with smaller profits. But at the same time you have to have more faith if you are holding an asset for such a long time for years then you can easily wait for a couple more months to hope that the coin will move further up with time.

imstillthebest

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ok so 1k eidoo coins you sold for over 2 eth . that kinda shock me a bit because 2 eth isnt small . at first i thought you are selling all for 0.002 eth and that makes me question why you think 0.002 eth is a good profit because for me that amount is so small . if you will only sell for 0.002 eth its better if you dont sell at all but its okay if you can wait for more probabilities that can happen . anyway , 2 eth is alright mate , no need to regret . you can earn that excess 1 eth you missed if you invest again or trade on the coins that you think profitable

aioc

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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.

A profit is always a profit small or big, you can always make an investment hodl your coins and make profit over and over again as long as you know how to pick the right coin to invest, be content on the profit however small it's an achievement, because of the market condition it's hard to invest on the right project that will give you profit.

Oasisman

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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.

chikading2016

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I think it is ok even if our profit is small or less it is fine than lossing, we need to still be thankful for it, because not all of the people around are still earning this time, some people are lossing. Sometimes people are becoming greedy and they didnt count thier pofit when they gain a vey small amount.

KnightElite

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We should not be greedy because our emotions can affect our further decisions, If we win small profit then we should be happy and we should appreciate it. Many people are not happy with small profit because their greed control them. I'm sure that there many traders there that regretted their decisions and they keep telling their selves like "I should sold the coin that I hold in its peak price". There are a lot of coin that making highs but because of greed, we didn't sell it immediately because our inner self telling that the price may increase more.

perfect999

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Quote from: Salauddin1994 on July 14, 2020, 09:59:15 PM

In the case of crypto trading most people want to make a profit. However, the most profitable losses. It is better to start with small capital. By buying at a lower price we get more profit by selling at the highest price. I think it's okay if the profit is low but it shouldn't always be there. We have to increase the amount of capital gradually so that we can make more profit from less profit.

You might be a little misguided here because the theory we are discussing in this thread is not about capital size but suppose you invest $10k and you chose to cash your profits for a certain coin/asset at $100 profit while later you could have earned like $500 so is it worth to cash the trade early and be satisfied with little profits or we should wait and chase the larger profits.

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.

I do agree with you in general that a new trader should enter the market with minimal capital such that he does not have to worry about loosing it and can explore all the trading options with the small capital without the risk of loosing too much.

Salauddin1994

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In the case of crypto trading most people want to make a profit. However, the most profitable losses. It is better to start with small capital. By buying at a lower price we get more profit by selling at the highest price. I think it's okay if the profit is low but it shouldn't always be there. We have to increase the amount of capital gradually so that we can make more profit from less profit.

GreatArkansas

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Let's say those "less" OP is saying will you able to get at consistent.
Let's say "less" profits everyday with consistent, and maybe let's see there is 1 or 2 days in a week you can't get those "less" profits, you lost, but the rest of the days in a week is profits even less.
If you are able to maintain that, your portfolio is healthy, even less but consistent, there is nothing wrong.

Idrix1

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

The perfect way to survive in this volatile market is to cut off greed and being ready to accept the you can't always win it big as you have to accept some low profit if the hefty project haven't show up yet. I believe so far a person is not running on loss, it is not a bad call trading your holdings for a much lesser price than envisioned

carlfebz2

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Quote from: Kelvinid on July 14, 2020, 05:56:22 PM

Quote from: Renampun on July 14, 2020, 05:32:31 PM

Quote from: Desscount on July 12, 2020, 10:54:25 AM

of course it should be OK, if we still feel inadequate, then lose will overtake,
I already have that experience, when trading do not regret wherever you sell it

trading does not need remorse, you must be prepared with mistakes in the decisions you make...
selling or buying is your full decision, so no need to regret what happens, when you make a wrong decision, you only need to learn from these mistakes, regret in trading will only make you unfocused, make mistakes as a lesson, so you can make decisions that are right in the future.

That is why we don't let things like to happen again.
We have once committed mistakes, the next would also acceptable but don't let it happens in the 3rd time. Greediness is had a big influence in decision making, a thing that we can't avoid but have to control it for this is a reason that will let us down.

The market is so tricky and so volatile, and we have to decide wisely. If we already saw some gains, that might be our chance to get it. Because in reality, we can't tell that price will keep rising and that a chance to lose if we are so greedy to think about more and more.

To be effective and letting yourself survive into this very unpredictable market then you should set up yourself to be contented on what profits that you can possibly make a on specific matter of time.

Dont be greedy since this one would be the main reason that will surely result into loss of money and its true that mistakes are inevitable but dont just let it happen for several time.

Learn from your mistake and study it out so that in next time you are already aware on what would possible happen on most chances.

LbtalkL

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Profit is profit and you got some good profit over there, It is better to take small sure profit than nothing. You can wait for another dip if it happens and make some more coins out of it. If you bought it at 0.001 and it turned to 0.002 which is a 100 percent gain if I am not mistaken. Sometimes in trading, we make some bad calls or regret but at least you don't lose this time it better than being greedy.

Kelvinid

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Quote from: Renampun on July 14, 2020, 05:32:31 PM

Quote from: Desscount on July 12, 2020, 10:54:25 AM

of course it should be OK, if we still feel inadequate, then lose will overtake,
I already have that experience, when trading do not regret wherever you sell it

trading does not need remorse, you must be prepared with mistakes in the decisions you make...
selling or buying is your full decision, so no need to regret what happens, when you make a wrong decision, you only need to learn from these mistakes, regret in trading will only make you unfocused, make mistakes as a lesson, so you can make decisions that are right in the future.

That is why we don't let things like to happen again.
We have once committed mistakes, the next would also acceptable but don't let it happens in the 3rd time. Greediness is had a big influence in decision making, a thing that we can't avoid but have to control it for this is a reason that will let us down.

The market is so tricky and so volatile, and we have to decide wisely. If we already saw some gains, that might be our chance to get it. Because in reality, we can't tell that price will keep rising and that a chance to lose if we are so greedy to think about more and more.

Renampun

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Quote from: Desscount on July 12, 2020, 10:54:25 AM

of course it should be OK, if we still feel inadequate, then lose will overtake,
I already have that experience, when trading do not regret wherever you sell it

trading does not need remorse, you must be prepared with mistakes in the decisions you make...
selling or buying is your full decision, so no need to regret what happens, when you make a wrong decision, you only need to learn from these mistakes, regret in trading will only make you unfocused, make mistakes as a lesson, so you can make decisions that are right in the future.

Sebas.tian

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Quote from: Desscount on July 12, 2020, 10:54:25 AM

of course it should be OK, if we still feel inadequate, then lose will overtake,
I already have that experience, when trading do not regret wherever you sell it

We also achieve more if we understand the market seriously. Many traders don't have the knowledge of getting their profits even in a small rate because they always forget to apply the stop lost to their trades. Many atimes, whenever I forget the stop lost I usually experience some slight lost in my trade. Let us always apply into our trade the stop lost methodology, this will help our trading into profit.

FanEagle

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I would say that the most important thing in trading is to keep your emotions out of the calculation and as long as you do that even losing is not a big deal if you do not lose too much.

For example, there was a friend of mine that profited and that meant that he could have just walked away, but he saw the price going up and that didn't really sit well for him and dude just bought it back up again from high level prices, so of course he lost some money but there wasn't too much to do, dude just sold at mid level and bought back at peak, that is not how you do trading at all.

In the end if you want to make a profit, just wait, wait a bit or wait a lot but wait, when you wait in the end you do end up making as much profit as you can and just get out right away, do not wait 100x, take your 10% profit and leave.

Hypnosis00

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Quote from: Dilerium90 on July 14, 2020, 07:13:21 AM

Trading on any markets is 90% psychology firstly. During trading, our most base instincts wake up: greed, cowardice, stinginess, fear of losing profits, fear that the price will fly away without you, euphoria and so on. The fact is that we can never buy a coin at the very bottom and sell it at the highest rate. You just have to put up with it. And if you are in profit, then everything is all right.

For some traders, the price will really matter as it correlates to how much you gonna earn. But being a greedy person who are asking for more and never been contented enough, they will never be satisfied to just get 2%, 3% but most likely they want to double it. But I believe that they are just few now, most of us had already learned from this mistake. What really matters now is to even have some at least. We really don't know what will happen next that we should have to consider every opportunity that strikes that to lose it forever.

Bitcoin trading is risky and the market is so volatile that is why we have to act smart as well and make decisions wisely. We can't be successful if we can't manage our trade wisely.

DeadCoin

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In a good way at least you earn even small because as traders, it is basically that not all task is proven by you because we can't predict the perfect sequence on trading aside from this , actually there is no trading device to used to know the running on volatility. Even big or small profit is enough for us to next door in terms of the investment project, definitely, a practical plan is our way to develop our skills and ability in trading.

Dilerium90

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Trading on any markets is 90% psychology firstly. During trading, our most base instincts wake up: greed, cowardice, stinginess, fear of losing profits, fear that the price will fly away without you, euphoria and so on. The fact is that we can never buy a coin at the very bottom and sell it at the highest rate. You just have to put up with it. And if you are in profit, then everything is all right.

CarnagexD

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Quote from: Desscount on July 12, 2020, 10:54:25 AM

of course it should be OK, if we still feel inadequate, then lose will overtake,
I already have that experience, when trading do not regret wherever you sell it

Regret is normal because mistakes are always there due to the risks in trading. The only important thing in trading is when you know how to accept mistakes and move on. Learning from your mistakes is effective to correct it the next time you perform transactions. Once you make a mistake, don't forget to treat it as a lesson.

It is also okay if you feel that your profit is not that high compared to other people.

Traders should start from a small progress because when you already reach a large process, your trading journey will not become fun and you will not learn more about trading experiences. Sometimes we just need to experience ups and downs in trading for us to see the reality of how trading works.

Topic: It's ok if your profits are less - page 6. (Read 2005 times)