It's ok if your profits are less - page 7.

OrangeII

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Quote from: uneng on July 13, 2020, 07:19:54 PM

Any profit is better than no profit. And always keep in mind that every experience trading teaches you something new that will be useful for you on your next trade. To not be greedy is a very important part of the learnship and without practicing this you won't stay in game for too long.
Be thankful for your small profits because it's through them you will achieve the bigger wins!

yes, this is just a matter of greed. however, getting better than nothing, or even losing. it's just, things like this are more difficult to control when we trade directly. the point is, when you get a profit, you will not be satisfied to get a small profit and feel you can get a bigger profit. Yeah, but try to be thankful for the benefits that are not so big.

CryptopreneurBrainboss

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

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 didn't lose if you sold in profit before a sudden rise in price of any investment you're holding. Don't act greedy and possibly loose all you already earned. Personally I have been in similar situations which one happen recently although I wasn't mad since I knew I followed by existing strategy.

Like I always say, it's better you sell in profit then lost irrespective of what the profit is unless you're planning to invest from a very long term. That's the only time you should avoid any side distractions and focus on your goal.

Savemore

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If we do trading, there are only 3 results that we have and these are: win big, win small and lose small. What I do not want is to lose big and it is the reason why I have good risk management skill. Of course it is frustrating whenever we lose big that is why we should have stop loss strategies in order for us to avoid losing big amount of money. It is okay if you earn small profit because it is still a profit, do not push yourself in the things that you cannot control.

uneng

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Any profit is better than no profit. And always keep in mind that every experience trading teaches you something new that will be useful for you on your next trade. To not be greedy is a very important part of the learnship and without practicing this you won't stay in game for too long.
Be thankful for your small profits because it's through them you will achieve the bigger wins!

Lanatsa

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Quote from: BitcoinTurk on July 13, 2020, 01:37:58 PM

If we need to make an overview in general, as amateur investors are the main target, we can see that many investors or traders have not been able to earn money because of their high profit margin targets, but they have lost money because of their enthusiasm. For example, in late 2017, thousands of investors who had no knowledge or experience about cryptocurrencies bought Bitcoin or alternative cryptocurrencies and made a huge mistake by targeting a very high profit margin with the eagerness to get rich. However, instead of expecting such a big earning target, if they had made the sales transaction in January 2018, these investors would still have received a very good return. For this reason, I claim that you should not be greedy both in investment and trade and I recommend that you determine your profit margin at levels that will satisfy you without exaggerating.

Dont get yourself caught in Fomo!
Dont get yourself to be caught in Fud!

These are the main things that people should really be careful on and i agree that setting out realistic goals will be always preferable compared to those who do set high line
which would really result into devastation when things turns out to the opposite way.

Be contended on what you had generated and dont ask for more because if you do have this kind of mindset then you are really bound to experience several mistakes which might
result into total wreck.

BitcoinTurk

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If we need to make an overview in general, as amateur investors are the main target, we can see that many investors or traders have not been able to earn money because of their high profit margin targets, but they have lost money because of their enthusiasm. For example, in late 2017, thousands of investors who had no knowledge or experience about cryptocurrencies bought Bitcoin or alternative cryptocurrencies and made a huge mistake by targeting a very high profit margin with the eagerness to get rich. However, instead of expecting such a big earning target, if they had made the sales transaction in January 2018, these investors would still have received a very good return. For this reason, I claim that you should not be greedy both in investment and trade and I recommend that you determine your profit margin at levels that will satisfy you without exaggerating.

B.wealth

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Making profit is the main deal, it is not always easy to wait till the stage of making gain, it takes more than 2 years for some coins to appreciate in value to a stage traders can sell and make profit, so is good you are happy about the small profit you made, some don't even wait to make that small profit because they sold at loss before the small pump.

Desscount

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ComboLabs

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

ancafe

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Quote from: BuNga_cute on July 11, 2020, 07:33:14 AM

It is not easy to make profit in crypto trading, so if you succeed in taking profit even if the value is small below the target you want.
It was a success in my opinion, imagine if we insisted on wanting to get big profits. But in the end it actually suffered losses, because
coins price suddenly drops, it is more painful in my opinion.

therefore, it is better to have a little profit than nothing. some people sometimes still hold back their profits even when prices go up very high. Well, I feel that, when I have a pumped coin, I always hold it in the hope that the price will be higher. it's just that, when prices go back down, it really makes a pretty big disappointment.

DevilSlayer

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It is all about of greed I think, all of humans have this kind of emotion and for sure most of us experienced it before especially when the last bull run happened last 3 years ago. We experience happiness when we saw that the coin that we are holding is continuing to make all time high and are confidently holding because we thought that the price will become more expensive. That is experienced is what we called greed but whenever the price reached its peak and it is now making lower lows and lowers highs, our emotion is basically at hope and faith situation because we do not want to see that the price go down. I know that all of us have regrets when it comes to trading but we should overcome it and learn from it to avoid same mistakes again.

Ryker1

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Quote from: wozzek23 on July 11, 2020, 04:07:04 PM

Whenever I am investing I always have my targets that I want to hit. Sometimes I hit that particular target and sometimes it’s more or less, but as long as you’re making profit, then you’re good to go. It’s not a must that you’re going to make too much of a profit before you sell. There are people who are greedy, and they always wants to make too much profit, but at the end they are usually the ones that would be disappointed, and you will always see them complaining. I have other things that I am into, and when I make profit I use it and invest in other business that will help me grow.

Well, you have a point there but on my own, it depends on the project that I invested. If I saw the potential of the project after listing, I will hold until my desire profit will hit and also if I saw their community is too active like social media group. Because regret will always there, --you will also regret it when you saw that the value was increased 10x fold than the price when you sold it. Analyzing is a term that your common sense will be activated before making the decision of selling. Indeed, if you don't have a choice, a small profit will fine as long as there is a profit.

wozzek23

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Whenever I am investing I always have my targets that I want to hit. Sometimes I hit that particular target and sometimes it’s more or less, but as long as you’re making profit, then you’re good to go. It’s not a must that you’re going to make too much of a profit before you sell. There are people who are greedy, and they always wants to make too much profit, but at the end they are usually the ones that would be disappointed, and you will always see them complaining. I have other things that I am into, and when I make profit I use it and invest in other business that will help me grow.

adzino

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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.

So, basically you are saying that it is better to quit when you have already made profit. I mean, you don't want to risk further and just exit as soon you see you have made your profit. But, why did you quit? You had a goal of making 3x profit, why didn't you stick to it?
Is it because you couldn't trust the coin you were holding? If so, why would you invest on it in the first place?

BuNga_cute

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It is not easy to make profit in crypto trading, so if you succeed in taking profit even if the value is small below the target you want.
It was a success in my opinion, imagine if we insisted on wanting to get big profits. But in the end it actually suffered losses, because
coins price suddenly drops, it is more painful in my opinion.

iv4n

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Quote from: ?? on ??

In all the nuances that arose during the trading, the financial managers of Amarkets helped me understand.

There is nothing to be disappointed with when it involves trading crypto Crypto means you've got to manoeuvre forward by working with risk. The wise thing to try to to in business is to be short it is easy to handle and goes through little or no if damage.

It's trading and I think that every trader was in similar situations, more than once of course. I agree that it shouldn't be a disappointment, but it is, everytime when it's happen. But who works makes mistakes, we all learn from practicing, from making mistakes and analysing them to find what went wrong.
With trading you need to be ready for everything, and the more you trade in more different situations you will get yourself, sometimes mistakes will be made, you will face with loses and making hard decisions, but all that makes trading interesting.

Kasabus

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Quote from: thesmallgod on July 10, 2020, 10:47:51 AM

What you have highlighted happens to every traders. The most important thing is that you are able to make profit. Some people would have said you lack patient but that is not true. They would have said otherwise if you recorded a loss. You made a recent profit although you hold the coin for a long time and I will advice in case of other time to always monitor the development of project you are holding its token. That couldn't have been the first or second time the token will hit the current price since you have started holding it

Yes. This is already a great achievement for a holder or even a trader because of the fact that crypto market is so unpredictable and does not guarantee any profits. It's better to make a profit even with a less amount than to keep on holding or trading but still end up losing. Being greedy will not really help at all. Be thankful and contented on whatever you have earned.

thesmallgod

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What you have highlighted happens to every traders. The most important thing is that you are able to make profit. Some people would have said you lack patient but that is not true. They would have said otherwise if you recorded a loss. You made a recent profit although you hold the coin for a long time and I will advice in case of other time to always monitor the development of project you are holding its token. That couldn't have been the first or second time the token will hit the current price since you have started holding it

Yamifoud

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Quote from: XCANA on July 10, 2020, 08:45:46 AM

Greediness won't allow many take profit they want to take, many have lost their profits from trade and investment because of "let me see the next move which can give me 100% profit", this has lead many astray. Take your small profits and wait for the next move than going empty handed at last. Some of my trade profits are not higher than 5%, because am not greedy like others, though, if I discover the signal is solid for positive move then I will wait but with caution.

Like saying 3-5% profit, I think that is not greediness instead, it is just a goal and I know that everyone has its own goal as well just like you do. Nothing it harms to look for high or even higher at 5% but one thing to consider also the market situation. Do we expect that holding for 10 years our portfolio will be double? Not exactly and truly we can't assure of that. That is why holding for many years isn't really matter but to listen and observe how the market moves. Isn't possible to sell right after we bought any coins if we saw some profit, why not take the chance?

yeah, greediness has no place in crypto. We can assure nothing, only we have less possibility that our holding will be double. Thus, having small gains is very important and not to lose it.

noorman0

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

_snip_
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's a normal emotion of a trader, but you should no longer think about profit targets with this situation. At least, you have gotten the results of your efforts to hold the coin for a long time.
I don't think it's possible to predict prices when the coin is about to die. There is no chart history that can be analyzed beforehand.

XCANA

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Greediness won't allow many take profit they want to take, many have lost their profits from trade and investment because of "let me see the next move which can give me 100% profit", this has lead many astray. Take your small profits and wait for the next move than going empty handed at last. Some of my trade profits are not higher than 5%, because am not greedy like others, though, if I discover the signal is solid for positive move then I will wait but with caution.

Topic: It's ok if your profits are less - page 7. (Read 2005 times)