You can either use take profit or buy limit to help you take some profits when you are either out of your screen. Most times people have very wonderful analysis tool kit but due to greed and emotions the lose out on huge profits and end up with a loss trade even after seeing a large profit the refused to take. Take profit with reasonable position can help with this
We have essential tools which is basically needed for trading. Ljme the TA and SL are one of the most important tools, traders uses for trading. Profits ar gainable only if a trader is not greedy interms of profits. One thing I learned about this Crypto thing is that, always learnto take profits no matter how small it is. Profits are important to traders, because it's the only thing that keeps persuading you that you need to push further in the space. Perhaps as for me, I always take profits where necessary, although I learnt where and where not to take Profits. 
Topic: Just a piece of advice needed here folks (Read 706 times)
Every investment has its goals, I think the ideology here is very simple. It goes thus... Set a target for yourself, once it hits, lock in your profit and look elsewhere to generate more profits. The problem most investors has is greediness, try to take that out and you'll do just fine.
Emotion handling specially on that greed part is something that very common but its actually hard to be controlled once you do tend to get a hold of it but its not impossible.Its true that setting out goals would be the key but not anticipate that much that it would really result into because everything could happen and this market
has been unpredictable since in the first place.Dont make yourself get fooled with any shills or hypes and always rely with your own analysis and stuffs.
I think that when a person manages to control his emotions in trading he advances a lot in maturity, in general we, no matter how much we want something, sometimes we get carried away, we must have a lot of determination to be able to have a decision without getting into sentimentality of any kind, this It usually happens not only in trading, it also usually happens with sports betting, when a person gets carried away by their emotions, the chances of losing increase, and in trading sometimes getting carried away by pure hunches all the time doesn't work either.
Well I think maybe you get greedy, you should set goals and plan for yourself, set a particular range of price for yourself so whenever your investment get there you just pull out. So don't get greedy. And again make sure you have a better strategy when trading.
No idea where you fished this topic out, but if anyone had a problem it must have been solved by now. The trick about trading is that you should be on top of it and not really leave it aside.If you are ever going to leave in front of your PC then make sure that you have no trades going on. That’s the trick, sure you could have some movements that you want to act quicker but there are some "traders" that I see here who end up trading while they are not in front of the pc. Meaning, they buy, go to sleep, and wake up and sell, which is not trading that is very short term investing because traders needs to be on top of the trade they are doing.
You can either use take profit or buy limit to help you take some profits when you are either out of your screen. Most times people have very wonderful analysis tool kit but due to greed and emotions the lose out on huge profits and end up with a loss trade even after seeing a large profit the refused to take. Take profit with reasonable position can help with this
Obviously greed is natural, which will continue to exist in us but you are right that excessive greed by not being able to suppress it will lead to something that can make what is the goal is not achieved properly. the same as dealing with emotions seems easy and sometimes when something urgent happens then emotions sometimes can't be prevented, so that it will lead to something unwanted can happen. Of course, it is very important to manage emotions so that they can be suppressed so that they become more controllable.
Of course it takes experience to be able to suppress emotions or manage emotions well so as not to harm when trading. It will not be easy to do, but this requires self-awareness. trading skills or knowledge also need to be developed so as not to panic too much and understand what to do. Greed is based on ignorance or boundaries that should not be violated. If the management is done well, then everything will go well. 
Every investment has its goals, I think the ideology here is very simple. It goes thus... Set a target for yourself, once it hits, lock in your profit and look elsewhere to generate more profits. The problem most investors has is greediness, try to take that out and you'll do just fine.
Emotion handling specially on that greed part is something that very common but its actually hard to be controlled once you do tend to get a hold of it but its not impossible.......
Every investment has its goals, I think the ideology here is very simple. It goes thus... Set a target for yourself, once it hits, lock in your profit and look elsewhere to generate more profits. The problem most investors has is greediness, try to take that out and you'll do just fine.
Emotion handling specially on that greed part is something that very common but its actually hard to be controlled once you do tend to get a hold of it but its not impossible.Its true that setting out goals would be the key but not anticipate that much that it would really result into because everything could happen and this market
has been unpredictable since in the first place.Dont make yourself get fooled with any shills or hypes and always rely with your own analysis and stuffs.
Every investment has its goals, I think the ideology here is very simple. It goes thus... Set a target for yourself, once it hits, lock in your profit and look elsewhere to generate more profits. The problem most investors has is greediness, try to take that out and you'll do just fine.
Well I think maybe you get greedy, you should set goals and plan for yourself, set a particular range of price for yourself so whenever your investment get there you just pull out. So don't get greedy. And again make sure you have a better strategy when trading.
Greed is a human instinct and we really cannot control it completely.The best way is to always have a plan and goal for every investment, because without a goal we will be very easily influenced by emotions in investing and lead to wrong decisions that cause losses. Always discipline yourself to stick to the set plan, don't let greed kill you.
From there we can tell how important it is to set a plan/goals. Those who don't have plans or goals, can sell at a random times but I think not all of them can incur a loss, it's just they can't be able to earn big as on what the investors that have a plan/goals are are earning.
Well I think maybe you get greedy, you should set goals and plan for yourself, set a particular range of price for yourself so whenever your investment get there you just pull out. So don't get greedy. And again make sure you have a better strategy when trading.
Greed is a human instinct and we really cannot control it completely.The best way is to always have a plan and goal for every investment, because without a goal we will be very easily influenced by emotions in investing and lead to wrong decisions that cause losses. Always discipline yourself to stick to the set plan, don't let greed kill you.
The simple yet tough thing we need to know is when to get out of the trade whether we are on profit or loss of Bitcoin. It is important to set a stop loss level which can help in cutting your losses, this is one of the traits that all investors must have. This is also the same case for profits. Don’t be greedy, set a level for profits too so that things will stay right. You're already getting there
If we're to put things like this in consideration. It helps alot6
Being in profit is also tempting for them because they want to grow it as much as they can and that's the mistake that they do. They're not cashing it out and making that profit secured on their wallets. Because they want to see more of it and get their hands more with the profit. If we're to put things like this in consideration. It helps alot6
The mistake comes that the market eventually goes down and they no longer get to hold that profit that should be for them.
Maybe you should learn technical analysis, I believe it’s going to be helpful in your trading and investment. Although there is really no guarantee that what you predicted is how the market is going to be, but it is going to help you to improve your trading.
And another thing is you should be investing in the right projects, and you should also have a target which would be leading you on your investment. If you do not have a target of what you really want to achieve, then you wouldn’t know when to pull out from the market because you are not sure of what you are doing. So, make sure you have plans.
The thing about TA is that you may not be 100% right at all times but you are going to be at least doing a bit fine and that's the important part. I am not saying that it will be a loss, nor a profit because it's unknown but I know for a fact that if you do TA then you are doing a bit better than most people and that's all that matters. What are the chances of you just throwing darts at the market and end up with a profit? Quite low right?And another thing is you should be investing in the right projects, and you should also have a target which would be leading you on your investment. If you do not have a target of what you really want to achieve, then you wouldn’t know when to pull out from the market because you are not sure of what you are doing. So, make sure you have plans.
It means that you should be doing fine when we are talking about TA, at least you have something to look at there and you could just disregard all the bad looking ones and hope that the good ones actually will do good.
The simple yet tough thing we need to know is when to get out of the trade whether we are on profit or loss of Bitcoin. It is important to set a stop loss level which can help in cutting your losses, this is one of the traits that all investors must have. This is also the same case for profits. Don’t be greedy, set a level for profits too so that things will stay right. You're already getting there
If we're to put things like this in consideration. It helps alot6
Most of trader setup their goal for existing from market but it's did not work all because market condition is not same everytime sometime market crash and entered into bearish condition for years and your money will be stuck in market for long time.If we're to put things like this in consideration. It helps alot6
Stoplosses is working only in short term Trading. If you have goal of long-term then it's not good option to use but instead of Stoploss you can buy more when you find good dip.
The simple yet tough thing we need to know is when to get out of the trade whether we are on profit or loss of Bitcoin. It is important to set a stop loss level which can help in cutting your losses, this is one of the traits that all investors must have. This is also the same case for profits. Don’t be greedy, set a level for profits too so that things will stay right. You're already getting there
If we're to put things like this in consideration. It helps alot6
If we're to put things like this in consideration. It helps alot6
I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.
At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏
Maybe you should learn technical analysis, I believe it’s going to be helpful in your trading and investment. Although there is really no guarantee that what you predicted is how the market is going to be, but it is going to help you to improve your trading.At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏
And another thing is you should be investing in the right projects, and you should also have a target which would be leading you on your investment. If you do not have a target of what you really want to achieve, then you wouldn’t know when to pull out from the market because you are not sure of what you are doing. So, make sure you have plans.
You previously conceded that your procedure is poor, for what reason are you actually utilizing it behind those exhibitions that you experience. Another explanation is you want to have an exchanging plan which is the concentration in one objective on the grounds that applying different procedure generally put you in disarray.
Well I think maybe you get greedy, you should set goals and plan for yourself, set a particular range of price for yourself so whenever your investment get there you just pull out. So don't get greedy. And again make sure you have a better strategy when trading.
That’s just how the market is, especially when it comes to the altcoins. He’s doing averagely OK, then he should be happy about that, because some people, for them it is totally worse. So anyone who is doing quite OK in the market should appreciate that.Moreover which coins in the market have you seen have made any major move as of recent, though the top coins like SHIB, Bitcoin, and Ethereum do make some little moves, but apart from them which other coins are making big moves in the market ? You would only see just a few of them, and they make that move when it’s least expected. Unless you’re going to become a trader who is trading on a daily and making some little profit before the day is over?
Well I think maybe you get greedy, you should set goals and plan for yourself, set a particular range of price for yourself so whenever your investment get there you just pull out. So don't get greedy. And again make sure you have a better strategy when trading.
A better strategy help us to make good profit and as well as a good advice. Firstly I find a project and then review on their white paper, team and their partnership. And then invest a small amount in this project. If their team continuously focus on project then I invest a small amount again in it.
If it is only about "when to get out" then trailing stop is already a good way to handle things. Do not put a stop loss at a certain level and get out there, it would mean you would get out at way lower. So assuming you want to use stop loss, you bought at 35k and put a stop loss at 30k, then when it is 60k+ you would still get out at 30k and that won't work.
In a trailing stop you would have 5k difference at all times (numbers could change, even could become percentage) so you buy at 35k, put a stop loss at 30k, but it becomes 40k then you change your stop loss to 35k, then it becomes 50k and you put it at 45k and so forth. That way you could make a lot more money, not a guaranteed way but if you are looking just only at when to get out and how to know when to get out, this is actually quite a good method. I have done it for a while now and I will probably keep using it.
In a trailing stop you would have 5k difference at all times (numbers could change, even could become percentage) so you buy at 35k, put a stop loss at 30k, but it becomes 40k then you change your stop loss to 35k, then it becomes 50k and you put it at 45k and so forth. That way you could make a lot more money, not a guaranteed way but if you are looking just only at when to get out and how to know when to get out, this is actually quite a good method. I have done it for a while now and I will probably keep using it.
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