Just a piece of advice needed here folks - page 3.

darewaller

hero member

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Quote from: nelson4lov on October 25, 2021, 05:36:39 PM

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get comfortable chasing over higher targets.

Not that you are wrong but no one can actually predict the right time to exit the market for any altcoin.

I was among the few people who held dogecoin for a very long time, for technically no reason but love for the coins. Then some time ago, before the Elon Musk saga started, I sold my doges because I needed some cash and I never felt selling doges for cheapwas a bad decision because in a perfect world, there is no reason why doge coin among all other great ones will pump.

So, no matter what you think, anything can happen and I've now started to save some coins of every type, you never know which ones will pump even after you have lost faith in them.

LUCKMCFLY

legendary

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Leading Crypto Sports Betting & Casino Platform

Quote from: Vaculin on October 24, 2021, 07:32:21 PM

Quote from: Bollexz1 on October 11, 2021, 06:24:33 PM

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

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. 🙏

All ideas are welcome please.

Thank you all! 👍

I actually don't know what is your strategy in the first place but I think it was still good to hear that you were earning. But you wanted more and that seems the biggest challenge for you now. But what I could suggest for you is to just improve your strategies, you don't need to look for perfect timing as it was really hard to find. By enhancing your knowledge and becoming more versatile with the market changes, the more it is likely to get the closest one.
You already have in a good position, only you need is to step forward and try another strategy to assess if that works for you.

The truth is that the key to withdrawing from a project that is in full swing is many times to be lucky, also to monitor the project and evaluate the options you have with the events that are currently being experienced and see how far you can go, well, in actually predict how far you can go.

I have been in few such projects, and they have really gone under the roof by their own creators and developers when they refuse to allow their projects to enter Tier 1A exchanges. This is one of the options to evaluate, another is if the creators of the project refuse to different businesses and expand the project, those are the things that I have learned so far.

Lordhermes

sr. member

Activity: 1232

Merit: 379

Risk shouldn't be what you are afraid to take,it should be a part and parcel of you.Know that risk takers are millionaires and billionaires,they stand ontop.As it is often said,it is very risky to take a risk.
Don't be scared to loose money,have a strategy that will work for you,do lots of research,read books on trading, and have a positive mindset about it.

rhomelmabini

hero member

Activity: 2002

Merit: 578

Quote from: Victorycoin on October 28, 2021, 11:58:28 PM

You need to learn market strategies before investing strategies cannot be found without proper knowledge of the market altcoin is a good investment with bitcoin to make a profit as the price of bitcoin rises so does the price of altcoin. There are many investors who are making a profit on altcoin and investing in bitcoin so their currency is doubling this is a good opportunity to buy profits can be made from both sides.

I find it vague on your stand here about market and investment strategies, I think market was specific and investment was the more like the broader concept.

Quote from: Wind_FURY on October 13, 2021, 08:01:49 AM

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.

Newbie should learn about this regardless, they can make profit even just by investing on Bitcoin. Many are worried about the dollar value and not with how much sats or Bitcoin they can afford. This day you got 1 BTC for your BTC balance but mostly if your portfolio are on alts and the other day it goes down and the tendency was it go down fast compare to BTC, that balance would decrease too, let's see it will become 0.95 or something.

Victorycoin

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You need to learn market strategies before investing strategies cannot be found without proper knowledge of the market altcoin is a good investment with bitcoin to make a profit as the price of bitcoin rises so does the price of altcoin. There are many investors who are making a profit on altcoin and investing in bitcoin so their currency is doubling this is a good opportunity to buy profits can be made from both sides.

vanessacummings

newbie

Activity: 29

Merit: 0

I agree with most of you here; there is a flaw in your strategy. You should try to change and keep a track of your strategies, so in future if it fails you could check what went wrong.

AmoreJaz

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Leading Crypto Sports Betting & Casino Platform

Quote from: maydna on October 26, 2021, 10:20:51 AM

Quote from: Betaj00 on October 26, 2021, 12:20:40 AM

Quote from: Wind_FURY on October 13, 2021, 08:01:49 AM

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.

Exactly as a small trader or investor we can't buy One Bitcoin, and for this reason we can't take profit from Bitcoin holding. For this reason altcoin is best for buying and from altcoin profit we can buy Some amount Bitcoin satoshi for long time holding.

But we can hope that someday, we can earn more than one bitcoin from the altcoin because I am sure that will happen to us if we have so many potential altcoins ready to sell at a high price. We should pick the potential altcoins to make a big profit, and we already know what the altcoin name is. So in the next altcoin season, we can expect to get a big profit from that altcoins.

it depends on the alts you are holding here as many of them are not really worth holding. but if you will stick to top alts like eth, bnb, you have high chance to get your profits because they have solid foundation as compared to most. also, look for other top 10 alts with very good use case in the market as they will also be worth holding.
but don't forget to hold btc first and foremost. because it has proven by time, that this is worth holding. even if the value today is going down, the likelihood of going up in the coming days is very high.

maydna

hero member

Activity: 2912

Merit: 556

Quote from: Betaj00 on October 26, 2021, 12:20:40 AM

Quote from: Wind_FURY on October 13, 2021, 08:01:49 AM

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.

Exactly as a small trader or investor we can't buy One Bitcoin, and for this reason we can't take profit from Bitcoin holding. For this reason altcoin is best for buying and from altcoin profit we can buy Some amount Bitcoin satoshi for long time holding.

But we can hope that someday, we can earn more than one bitcoin from the altcoin because I am sure that will happen to us if we have so many potential altcoins ready to sell at a high price. We should pick the potential altcoins to make a big profit, and we already know what the altcoin name is. So in the next altcoin season, we can expect to get a big profit from that altcoins.

Betaj00

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Quote from: Wind_FURY on October 13, 2021, 08:01:49 AM

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.

Exactly as a small trader or investor we can't buy One Bitcoin, and for this reason we can't take profit from Bitcoin holding. For this reason altcoin is best for buying and from altcoin profit we can buy Some amount Bitcoin satoshi for long time holding.

Oceat

sr. member

Activity: 2506

Merit: 368

Quote from: nelson4lov on October 25, 2021, 05:36:39 PM

Quote from: TheEconomists on October 25, 2021, 04:34:09 PM

We are all out looking for money via trading and for you to be successful you will really need to have a good plan on how much you should be making either on a daily, weekly or monthly basis and work base on the plan you will be successful in your trading. And for your to successful you will need to be discipline and not trade with greedy mind.

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get comfortable chasing over higher targets.

I agree that we need a discipline in order to achieve our target while setting aside our emotions when trading. You will encounter lots of uncertain feelings about of your trades and it's frustrating if you keep feeling like that—that's why you need a discipline to control your emotion and proceed with the plan.

Moreover, in the long run you will get to learn different strategies that you will be using when trading as long as you maintain your self-control. Don't be afraid to lose it's just part of the everyday life of a trader, what matters most is how much is your winning/profit compared to your losses.

nelson4lov

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Top Crypto Casino

Quote from: TheEconomists on October 25, 2021, 04:34:09 PM

We are all out looking for money via trading and for you to be successful you will really need to have a good plan on how much you should be making either on a daily, weekly or monthly basis and work base on the plan you will be successful in your trading. And for your to successful you will need to be discipline and not trade with greedy mind.

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get comfortable chasing over higher targets.

TheEconomists

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Activity: 267

Merit: 11

We are all out looking for money via trading and for you to be successful you will really need to have a good plan on how much you should be making either on a daily, weekly or monthly basis and work base on the plan you will be successful in your trading. And for your to successful you will need to be discipline and not trade with greedy mind.

Fatunad

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Activity: 2226

Merit: 347

Quote from: carlisle1 on October 25, 2021, 02:32:17 PM

Quote from: sana54210 on October 24, 2021, 05:31:02 PM

Quote from: Hippocrypto on October 24, 2021, 01:21:52 AM

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

I have a friend like this. He knows how much he will invest at what price, he knows what he will do when it drops to a certain price, he knows what to do when it goes up to a certain price. Dude managed to actually make a profit AND still have coins at the same time. This happens when the thing you invest into doubles in profit for example. So you invested 100 dollars to something, and it reached 200 dollars? You take the 100 dollars out, and then the other 100 dollars worth can stay like that forever.

This is just one method, there are so many people who do so many different ways. This is why I believe that there is a good case to be made about crypto and how to plan for your future. I started to learn some stuff from him, not coin related because I like to pick my own coins, but I learned more stuff about how to think for the future and it really helped me a lot.

There are many methods, and you will learn it from time to time,
it's experienced that will guide you in properly assess which strategy is best fit to your personalities,

trading is not a game but a good place where you can change your financial status.

Many successful traders start with nothing but because they are very keen on learning the deeper side of the business.
they managed to succeed and they exceeding to the point that whatever the direction the market is moving they are still compensating.

You wouldnt really get experience if you wont tend to engage on it personally thats why you should really need to be that consistent and of course you should persevere and have that patience.
Trading isnt something a simple thing that you could deal with and this is really an unpredictable market which you could deal with.Losing is inevitable thats why you do need to resist
and sustain no matter what.You should think of those losses are learning curves or stepping stones to success.Everything cant really be handled out easily.

carlisle1

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Activity: 2744

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Campaign Management?"Hhampuz" is the Man

Quote from: sana54210 on October 24, 2021, 05:31:02 PM

Quote from: Hippocrypto on October 24, 2021, 01:21:52 AM

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

I have a friend like this. He knows how much he will invest at what price, he knows what he will do when it drops to a certain price, he knows what to do when it goes up to a certain price. Dude managed to actually make a profit AND still have coins at the same time. This happens when the thing you invest into doubles in profit for example. So you invested 100 dollars to something, and it reached 200 dollars? You take the 100 dollars out, and then the other 100 dollars worth can stay like that forever.

This is just one method, there are so many people who do so many different ways. This is why I believe that there is a good case to be made about crypto and how to plan for your future. I started to learn some stuff from him, not coin related because I like to pick my own coins, but I learned more stuff about how to think for the future and it really helped me a lot.

There are many methods, and you will learn it from time to time,
it's experienced that will guide you in properly assess which strategy is best fit to your personalities,

trading is not a game but a good place where you can change your financial status.

Many successful traders start with nothing but because they are very keen on learning the deeper side of the business.
they managed to succeed and they exceeding to the point that whatever the direction the market is moving they are still compensating.

CryptocurencyKing

hero member

Activity: 1288

Merit: 504

I think what OP needs most of all is how to put your greed in check. From what you've stated, you seem to be doing quite okay and getting a hand at your trades or investment but then, you seem to base your mind on what happens, the profit that counts ahead after you live the market.

Let me ask you this,
Do you do the same as per, check the loses against your pull out in the market too?

Because, all that shouldn't be your business no more. No matter how little the profit is, its still profit and that's what matters. You just have to be satisfied with the result and should you want better, you should ensure its lot you trying to be greedy. Mt thoughts anyway!

perfect999

sr. member

Activity: 1596

Merit: 299

Quote from: Bollexz1 on October 11, 2021, 06:24:33 PM

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. 🙏

You should first start with what works for you. Are you a long term trader or a short term trader? Whichever one you are, you should try to make use of the right strategy and also try to sell when you believe you’ve made enough profit than having to wait, maybe out of greed, and then you end up losing some of the profits you have made.

I don’t think this is something that anyone can actually start to explain to you on a comment section, maybe it’s best that you start watching some helpful YouTube videos that will help you know the right choices to make and when to make those choices. Making the right choice at the right time is really going to help you.

Vaculin

hero member

Activity: 2898

Merit: 612

Quote from: Bollexz1 on October 11, 2021, 06:24:33 PM

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

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. 🙏

All ideas are welcome please.

Thank you all! 👍

I actually don't know what is your strategy in the first place but I think it was still good to hear that you were earning. But you wanted more and that seems the biggest challenge for you now. But what I could suggest for you is to just improve your strategies, you don't need to look for perfect timing as it was really hard to find. By enhancing your knowledge and becoming more versatile with the market changes, the more it is likely to get the closest one.
You already have in a good position, only you need is to step forward and try another strategy to assess if that works for you.

sana54210

legendary

Activity: 3178

Merit: 1128

Quote from: Hippocrypto on October 24, 2021, 01:21:52 AM

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

I have a friend like this. He knows how much he will invest at what price, he knows what he will do when it drops to a certain price, he knows what to do when it goes up to a certain price. Dude managed to actually make a profit AND still have coins at the same time. This happens when the thing you invest into doubles in profit for example. So you invested 100 dollars to something, and it reached 200 dollars? You take the 100 dollars out, and then the other 100 dollars worth can stay like that forever.

This is just one method, there are so many people who do so many different ways. This is why I believe that there is a good case to be made about crypto and how to plan for your future. I started to learn some stuff from him, not coin related because I like to pick my own coins, but I learned more stuff about how to think for the future and it really helped me a lot.

bamb

sr. member

Activity: 938

Merit: 251

You need strategy for taking profit. You have to be clear about your expectations and measure your expectations against the potential and the ability of the coin you are invested in. Having noted all of this factors, you can then set a plan of action on each milestones, you must know what you will do when there is a profit or when there is a loss!

Hippocrypto

sr. member

Activity: 1484

Merit: 277

Quote from: Bollexz1 on October 11, 2021, 06:24:33 PM

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

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. 🙏

All ideas are welcome please.

Thank you all! 👍

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

Topic: Just a piece of advice needed here folks - page 3. (Read 706 times)