Just a piece of advice needed here folks - page 4.

King Raymond

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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! 👍

This is very common with new traders. It's often a result of hoping too much from a particular coin. When the expected doesn't happen, or maybe goes sideways, you may waste time before finally making off late. It can also be lack of target. You have to set price targets for each coin you purchase.

You mentioned long term investment and altcoin. In my opinion, if you are doing long term investments, it should be with the popular coins. It has little risks with better potentials to earn you more, since you'll be holding for long.

Kelvinid

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when lambo...

Quote from: wxa7115 on October 22, 2021, 02:38:41 PM

Quote from: nelson4lov on October 15, 2021, 05:50:17 PM

Quote from: ?? on ??

The bad consequences are connected with lack of trading plan, you have to find the reason why you keep playing with small time frames while big money is on higher level charts. Usually having trading plan and decent money management will not let trades go underwater. Market circumstances changes each year you have to adopt your trading plan accordingly.

Ideally, if you fail to plan, you're definitely planning to fail. It doesn't just apply to crypto trading, any other trading but also to other areas of life. OP's major problem is that he doesn't quite know when to call it quits and it's because he didn't have a trading plan before opening those positions. If he did, he would have had a entry and exit strategies already made for every position.

Any strategy that does not tell you which markets to trade, when to trade them, when to buy and sell and how much money to put in every single position that you take is incomplete.

Most of the time when we see a person losing money this is because whatever strategy that they are using is not complete and they had to improvise in a critical moment, and believe me that is the moment when you do not want to try to figure out what the market is going to do, that is the moment when your strategy should tell you exactly what you should do and if this is not the case then it is time to go back to drawing board.

Losing is the consequences we get from our doings, strategy, and also it comes from decision making. We can't picture out what will be happening next and even having TA is not enough to avoid losses. That is why we should have to be prepared for anything either we lose or not, it is a part of the game and this is also the reason why we have to enhance our skills and why not stop searching and gathering more trading ideas. However, all of these things guaranteed nothing as there is a time that we lose unintentionally due to the volatility of the market.

wxa7115

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Quote from: nelson4lov on October 15, 2021, 05:50:17 PM

Quote from: ?? on ??

The bad consequences are connected with lack of trading plan, you have to find the reason why you keep playing with small time frames while big money is on higher level charts. Usually having trading plan and decent money management will not let trades go underwater. Market circumstances changes each year you have to adopt your trading plan accordingly.

Ideally, if you fail to plan, you're definitely planning to fail. It doesn't just apply to crypto trading, any other trading but also to other areas of life. OP's major problem is that he doesn't quite know when to call it quits and it's because he didn't have a trading plan before opening those positions. If he did, he would have had a entry and exit strategies already made for every position.

Any strategy that does not tell you which markets to trade, when to trade them, when to buy and sell and how much money to put in every single position that you take is incomplete.

Most of the time when we see a person losing money this is because whatever strategy that they are using is not complete and they had to improvise in a critical moment, and believe me that is the moment when you do not want to try to figure out what the market is going to do, that is the moment when your strategy should tell you exactly what you should do and if this is not the case then it is time to go back to drawing board.

martina14

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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! 👍

You supposed to have a goal target here in crypto trading dude, then second you must also know in which are you belong is it Day trader
or long term trader something like that. Aside from this matter, you must know how to choose the right altcoins to invest in here to this kind of
business industry too. Just always have a self-discipline and be patience at all time especially when times of bullish or bearish.

otundebis

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Activity: 630

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Firstly, altcoin trading and investing is a bit more risky, you could buy a useless coin that could have been promising at beginning but you will realize along the way that it was a planned rug. If you are not investing in bitcoin, you may have nothing to show for your trading activities. If you are going to invest in altcoin, choose the established altcoin. Secondly, you must have a detailed plan on your investment, from entry price to expected return you aiming for. You should also be able to trust yourself to follow the plan to letter.

ItsCrafty

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Tontogether | Save Smart & Win Big

In trading, I really like one thing that is the way someone is going to learn something and ask something if he didn't have idea about the thing, You should at least follow new strategy for the trading you had applied early for which you have to learn and make new trading strategies for yourself which only suits your trading and can give you a profit.

jerry0

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Do most of you have a percentage goal such as okay it hits x amount, then cash out?

Hippocrypto

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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! 👍

If you seen your asset didn't prosper well despite of long years of waiting long terms, don't risk your life over it. Diversion unto something much profitable is the best options to do by now. Just like my experiences, I've been through tough times of failures on shit projects and even cryptocurrency assets. So in order to cope up up with frustrations, we can divert on other certain choices just to sustain our profit gains.

adzino

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During trading no one knows "when is the right time" to sell or buy. You just predict what is going to happen next. To do this, you need to keep yourself updated with the market. You need to know what's going on and what is going to happen next with the project. You need to read the charts and the indicators (moving average, relative strength index, Fibonacci retracement and so on). You those information to know what to do next. But don't forget, crypto market is very unpredictable and you shouldn't be surprised when you see the exact opposite of what you think might have happened.

nelson4lov

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Top Crypto Casino

Quote from: ?? on ??

The bad consequences are connected with lack of trading plan, you have to find the reason why you keep playing with small time frames while big money is on higher level charts. Usually having trading plan and decent money management will not let trades go underwater. Market circumstances changes each year you have to adopt your trading plan accordingly.

Ideally, if you fail to plan, you're definitely planning to fail. It doesn't just apply to crypto trading, any other trading but also to other areas of life. OP's major problem is that he doesn't quite know when to call it quits and it's because he didn't have a trading plan before opening those positions. If he did, he would have had a entry and exit strategies already made for every position.

milewilda

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Quote from: wxa7115 on October 15, 2021, 05:13:03 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 think the first question that comes to my mind is what is your current strategy to take profits from the coins in which you have invested?

Something tells me that you do not have a clear strategy about what to do under those circumstances, however do not despair, at least it seems that you can select good projects with certain regularity otherwise you will not ask that question so you are already doing well, one exit strategy is to set yourself a goal and then sell no matter what, but you run the risk of missing a huge bull run, another strategy is to sell after the price drops a specific percentage after an ATH so you keep most of the profits you got during that movement.

Actual experience on which he would able to realized things and this is the time he would really make out some learnings and been aware on how this market works and we know that taking profits do certainly vary on how well we do make out investment decisions here on this market and this isnt something simple that you could deal off with.Just learn up the basics and terminologies
and other definitions and the rest would be eventually learn as you do progress by.You can read up some advises but honestly you could learn up for yourself without the need
of those words and making yourself self learn on things around.

wxa7115

hero member

Activity: 2702

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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 the first question that comes to my mind is what is your current strategy to take profits from the coins in which you have invested?

Something tells me that you do not have a clear strategy about what to do under those circumstances, however do not despair, at least it seems that you can select good projects with certain regularity otherwise you will not ask that question so you are already doing well, one exit strategy is to set yourself a goal and then sell no matter what, but you run the risk of missing a huge bull run, another strategy is to sell after the price drops a specific percentage after an ATH so you keep most of the profits you got during that movement.

Kasabus

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Activity: 2814

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Quote from: jaberwock on October 15, 2021, 02:43:00 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.

Might not be as easy as you may think that it is. For you to be able to make better profit from the market requires a lot of proper planning and having a good level of patience, because if you don’t have the level of patience that’s required, you might keep selling all the time and missing out on the main bigger profits.

I will advise you to learn to have patience and wait for the market to increase before you can start selling your coins. Yes it wouldn’t be to sell whenever you want it, but try to keep some part of that money for a long term if it’s possible for you and see what you can achieve with it.

Of course trading without patience will be very impossible to come up with profits. The market will always have unpredicted conditions and when you think its time for you to sell your coins, then the market suddenly dump. If you don't have patience, you will eventually commit frequent losses.

However, the best solution i think to address your problem is have your own trading plan before you go into trading. Set a price target when to sell, and even if it has reached already and you see the price keeps increasing, just stick to your plan. Your greed will sometimes bring you into losses when you think of not selling because you still aim for higher profits, and then the market price suddenly dump. Eventually, you end up losing than taking profits instead.

jaberwock

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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.

Might not be as easy as you may think that it is. For you to be able to make better profit from the market requires a lot of proper planning and having a good level of patience, because if you don’t have the level of patience that’s required, you might keep selling all the time and missing out on the main bigger profits.

I will advise you to learn to have patience and wait for the market to increase before you can start selling your coins. Yes it wouldn’t be to sell whenever you want it, but try to keep some part of that money for a long term if it’s possible for you and see what you can achieve with it.

so98nn

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Ahhh, thats very good question. I have this huge burden whenever my crypto portfolio is in bullish trend and I also start loosing my mind many times whether to keep, sell it or wait for the price to hike even more. The thing is I have started to be very strategic and firm about my trading ways. For ex, you must set out a goal. How much profit you should book? Does your BEP has reached for all the portfolio or just few coins? Once you think that or see the values in your favour you start selling those coins which are above BEP and also made you good fortune.
But at this point you should not be thinking about the another price hike. Moreover, even if it does hike, that should not be your problem anymore since you achieved your goal already.

It's gonna be hard, but you will understand eventually that its better to sell on time rather after crushed market!

Bollexz1

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Quote

Jeff Bazos started a business and not some investment situation, even with a super wealthy family and super high network with bunch of super wealthy people, it took him 90's to 2010's in order to become the way rich he is right now. This is why you should not be looking to make money right away in a few years, long term is long term, wait for a few decades.

This on the other hand is a great motivation to help me change my way of thinking towards getting rich. Shocked

And I must confess that I truly appreciate each and everyone contributions to this topic. I honestly never had any doubt since my day of joining this forum. You guys rock ✌️

maydna

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Quote from: Bollexz1 on October 15, 2021, 06:28:00 AM

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

OP, just HODL Bitcoin, and you wouldn’t have to worry “when to exit at the appropriate time”. Because at the “right time”, no HODLer would need to sell their coins. Bitcoin will be accepted EVERYWHERE. It’s starting in El Salvador, and it’s not going to end there. Cool

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.

That is the way for other people to make a big profit from the altcoin to have a chance to purchase 1 BTC in the future. Getting much profit in altcoin will allow you to have much money. Perhaps, my only suggestion is to get out when the price reaches the highest price so, at that time, you will make a big profit and do not back to that coin because the price has a chance to drops. You need to have a target price to sell and place the order sell before reaching your target price.

Kelvinid

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when lambo...

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! 👍

From what I see is that you want more profit instead of having an average profit in every trade you do. I guess you should have to learn how to be contented. Having such a profit is believably a bit of luck for you knowing that trading is risky and most of the traders had lost. Thinking about more profit is the only that could ruin your day and your strategies. Don't think it was lack, you already have it.

And besides, you can never have perfect trading, perfect timing, but it was the strategies that get involved in this and it's you who makes a good play. If you change these things, I'm not sure if you were still able to retain the momentum you have, probably not.

Woodie

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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.

You seem to have an eye for the projects with the most potential and if am right try to set targets for profit taking such as X5 x10 X20 etc and once price gets here you find another project that you will allow to grow to this much.while you have taken atleast 70% of profit from each project and let the others hold.

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

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! 👍

The problem the crypto ecosystem is vast and the only way to minimize on your loses is by diversify your pordolio

el kaka22

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I would say that if you are doing fine with the long term you should stay with it. I mean long term with good coins would make you super wealthy in 20-30 years and that is what investment is all about, you need to either start with a rich family and get super richer compared to where you started, or you should be starting with nothing and within 20-30 years you should end up with something great.

Jeff Bazos started a business and not some investment situation, even with a super wealthy family and super high network with bunch of super wealthy people, it took him 90's to 2010's in order to become the way rich he is right now. This is why you should not be looking to make money right away in a few years, long term is long term, wait for a few decades.

Topic: Just a piece of advice needed here folks - page 4. (Read 707 times)