Take Profits! Its important! | Bitcointalksearch.org

husencoe

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Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I think everyone who joins crypto is because they want profit. Investment is something that is a stake to gain profit, and of course has risks. It is highly discouraged to invest with your hot money so that when something bad happens, it doesn't completely disrupt your life. If you just want to keep your money safe, you can store it in banks, gold, land or on real estate. And that is also an investment and also has their own risk.

Indeed, you are right, sometimes we are too late to take advantage of the moment. And that's an investment that can sometimes go up, other times it can go down. And I think that is a common thing and happens to everyone. Therefore, we must always maintain our investments by continuing to monitor prices and trends. And never be greedy with profits. Usually this is because greed arises so that we forget about the initial investment plan.

armanda90

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Quote from: taufik123 on March 25, 2024, 06:49:41 PM

It's good to study and analyze the coin you want to invest.
I always do that to find out how good the coin is for the long term, but if you invest in Bitcoin or ETH, it no longer requires detailed analysis,
just knowing when to buy and when to exit with a profit.

Those who do not know anything about how to do trading strategies, management, of course they will not know what to do after buying and holding.
In the end, it will only panic when the price drops from the initial purchase limit.

source: http://www.binance.com

For trading in altcoin exactly with new coins requirement more researching and analyzing except investing in bitcoin or ethereum during not entry on the most higher price moment. Usually the new trade excited invest with some altcoin have grow up significant percentage and lack researching before keep worth or not to buy some coins break out most higher price.

Before entering the world of trading in cryptocurrency, there are many things you need to pay attention to, starting from analyzing the coins you want to buy and still being able to control your emotions so as not to panic sell when the price undergoes correction. Most important have to memorize keep prefer taking profit first when coins investment have reached higher price and earn much profitable.

taufik123

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Quote from: doomloop on March 25, 2024, 03:18:22 PM

-snip-
The most important thing is knowledge, and one shouldn't trade cryptocurrencies that they don't have any knowledge about. A lot of new traders make the same mistake, they start trading certain cryptocurrencies without having any knowledge about them and their movements, and eventually, they lose money out of their invested capital in those cryptocurrencies.

It's good to study and analyze the coin you want to invest.
I always do that to find out how good the coin is for the long term, but if you invest in Bitcoin or ETH, it no longer requires detailed analysis,
just knowing when to buy and when to exit with a profit.

Those who do not know anything about how to do trading strategies, management, of course they will not know what to do after buying and holding.
In the end, it will only panic when the price drops from the initial purchase limit.

source: http://www.binance.com

doomloop

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Quote from: Viscore on March 17, 2024, 05:12:04 PM

Greed has no room in trading. If you trade just because you aim to be instantly rich, that will definitely hard to be realized if you don’t know when to take profits even the smaller portion. Note that profits should not always be huge for you to start taking it, regardless of its amount, you should learn to be satisfied at some point and take it, otherwise you will end up losing all your patience while waiting for massive profits, and yet the market still end up dumping. And now you end up regretting wishing you were never greedy in the first place.

That's true, and one should never wait too long if they are not sure about a cryptocurrency they have bought, one should always start low and then keep increasing their budget on such cryptocurrencies they are trading. If we become greedy from the start, we won't even be able to get a small amount of profit but will lose money instead.

The most important thing is knowledge, and one shouldn't trade cryptocurrencies that they don't have any knowledge about. A lot of new traders make the same mistake, they start trading certain cryptocurrencies without having any knowledge about them and their movements, and eventually, they lose money out of their invested capital in those cryptocurrencies.

shinratensei_

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Quote from: GeorgeJohn on March 24, 2024, 07:56:53 PM

Take your profit it is the most important thing who ever that is a trader into cryptocurrency especially have to understand that you don't need to be greedy in any of your investment because sometimes greediness is one of the things that affect anyone who is into cryptocurrency investment especially someone who is into bitcoin, even in a day trading you don't need to be emphasising on a particular point that you will make a profit, it's better you make a small profit than losing everything

as many have said a profit is a profit its better to be a profitable trader than just holding on for too long due to greediness and then lose that profit that don't get realized its gonna be silly to lose profit just because we are holding too long having too much high of an expectation towards the bullrun but sometime a trader or investor also have their share of reason why they keep holding onto their investment as long as it is a good reason then it make sense for holding despite already hitting all time high.

but many times people are just get too intrigued with the profit that they might potentially earn from trading or investing that they decided maybe holding might be a good way to further increase the profit not knowing that usually market dumping can happen in just a blink of an eye then the market become bearish, remember that pumping happens slow and dumping happens fast, because with pumping people are full in doubts whether the price gonna keep going up and with dump people are so fearful of losing their money so they cut loss or dump earlier.

BD Technical

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No matter where we miss, money is important. If you don't have money, brother, you have no value. Everyone earns money. Everyone is after money. The world has become a slave to money. Without money, no one gives value to anyone. If you have money then everything is there if you can invest in a good place then you will get money and you will be able to earn income if you do trading or anything else trading is not like your gambling then ablution and something like that. Because 2% scale and wake up 98 percent is luck luck if you don't have time dating you can't gain then scale is expensive brother if you scale or if you know you can pull hundred percent with your school. But time can't bring real in case you have to think or think about income.

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Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

Take your profit it is the most important thing who ever that is a trader into cryptocurrency especially have to understand that you don't need to be greedy in any of your investment because sometimes greediness is one of the things that affect anyone who is into cryptocurrency investment especially someone who is into bitcoin, even in a day trading you don't need to be emphasising on a particular point that you will make a profit, it's better you make a small profit than losing everything

Huppercase

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Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

Sometimes is not greed that doesn't make people sell their coins, it's the experience of the market they don't have, they are blind by the illusion of price going to a level where they can have the life they have always wanted to have, it's a good thing to anticipate but been wishing for impossible is a delusional thing to even think about. I mean, you will see someone that bought Bitcoin at $40k and they are wishing to see Bitcoin to do 10x from that place when they don't even know that Bitcoin need to add like 10T trillion to its market cap in other to achieve such price.

There is nothing bad if you sell as long as you didn't sell at loss but a lot of them will have an outstanding profits and will not sell, there are some that will even have good profits that's enough for them to exit but will watch their profits from green becomes red, some become worthless that even in the next bull run, they don't get investors attention again. Investors should learn that profits is profits and not all potential profits does comes to realization.

Ben Barubal

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Quote from: Viscore on March 17, 2024, 05:12:04 PM

Quote from: Issa56 on March 13, 2024, 06:03:11 PM

Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

If you are a trader and you don’t know when to take profits, then you are hardly going to make profit from trading, because you won’t leave the market when you are suppose to leave, you will want to get more profits, till price of coin start dumping before you will start struggling to sell. Some will lose all their profits and will still lose some of their capital, just because they don’t know when to sell, and mostly we shouldn’t be greedy, always take profits even if it’s small, their is no crime in taking profits. But if you think your profits is too small, and you keep on waiting for it to increase, things doesn’t go as planned always.

Greed has no room in trading. If you trade just because you aim to be instantly rich, that will definitely hard to be realized if you don’t know when to take profits even the smaller portion. Note that profits should not always be huge for you to start taking it, regardless of its amount, you should learn to be satisfied at some point and take it, otherwise you will end up losing all your patience while waiting for massive profits, and yet the market still end up dumping. And now you end up regretting wishing you were never greedy in the first place.

If an individual traders motive is to get profit in a moderation way, and have target amount even if it is small value only, the greed won't get space in his mind for sure due to trader knows how to control His emotion when the right time of selling is necessary.

In this method, traders can able to do to stop when He/she saw that profit is already comes in, were trader can deside to take it out his earnings and not thinking the price will go up more.

sulendra12

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Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

Like I have always said that greed is just a root of all your problems especially in investing and if it involves with money. I've experienced both selling too late and just want to reach highest profit possible but in the end if people knows when to stop, that's the real winner right there because they can search for another opportunity to gain more profit instead of just looking at 1 source for long time but in the end they sell too late.

snowpega

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Quote from: |MINER| on March 14, 2024, 11:45:43 AM

Every human being hopes for profit. But it is not enough to think only about profit all the time. Don't worry about profit when you enter crypto currency. he most challenging thing here is survival. If you think about profit before entering the world of crypto currency, you will not be able to survive in this world, let alone profit. To have a ticket in crypto currency you need to learn and know a lot and apply this knowledge at the right time. If you suddenly invest and expect sky-high profits from it, you can lose everything. So you should always think about survival and strengthening your position without thinking about profit.

Yes dear at the beginning stage is used to think that I would have a good amount of profit after my target will hit and the funniest thing was that i used to consider only one target at that time and that was an all-time high haha I used to think that once it will touch or hit new all time high there i will book my all profit. But with the passage of time I learned many things that groomed me a lot and by this, I come to realize that I should book profit at different points by making different and many more than 2 target points there I should book my profit.

So that I will not feel regret losing all of them at once when the price will suddenly crash. I also read a thread who also mentioned the same thing as your sayings and I really satisfied a lot after reading his thread. He was also saying the same thing like you survival matters more here in the crypto space rather than making a good amount of profit.

Hamphser

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Quote from: uchegod-21 on March 23, 2024, 03:36:32 PM

Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

I trace this problem back to learning about the basics. In the basics of cryptocurrency trading we were taught on how to invest and make good profit but hardly do we learn profit taking methods. Many of us work hard to grow our portfolio and still watch them fall back to naught. It is important to take profits and if possible to fiat if using a stable coin will still be tempting to re-trade and as well over trade. I am of the school of taught that there's always an opportunity before us. If we take profits, we shall still have another opportunity to reinvest the profits but when the profit is gone, we are only faced to regrow an already grown but lost profit.

Yes, it was really indeed the basics on which it would really be that best that you should really be learning on how to take profits on the time that you would be making one.Yes, its never been that easy because
you would really be that having in mind that you would really be needing up to make out such thing because this is really the main purpose that we are here on this market on which it is really that indeed to make
profits on which it would really be that a common approach that you would really be needing up to secure profits as much as you could so that you would be ending up on positive.

Just like said that it isnt really just that easy on doing so just because we've been thinking up on holding out position even more because we are really that hoping or thinking
that it could really be able to shoot up its price even more and this is something a very common thing that we do have in mind.

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Quote from: Viscore on March 17, 2024, 05:12:04 PM

Greed has no room in trading. If you trade just because you aim to be instantly rich, that will definitely hard to be realized if you don’t know when to take profits even the smaller portion.

Exactly. As a trader, we mustn't have a greed. It will ruin our trading, it is an obstacle to succeed in trading.
No trader can rich just a few days trading, it needs a long process. It also must require a good knowledge and experience, no success instantly.
Moreover, when we are still a newbie, we must focus on learning about how to trade in the right way. Don't directly target to be rich!

Quote from: Viscore on March 17, 2024, 05:12:04 PM

Note that profits should not always be huge for you to start taking it, regardless of its amount, you should learn to be satisfied at some point and take it, otherwise you will end up losing all your patience while waiting for massive profits, and yet the market still end up dumping.

Indeed. Sometimes we have a bad day when the market has a big correction, in this condition we don' expect to get too high profits. It is better to take profits although it is just small profits. We must avoid to hold a long time for certain coins, it is because they may lose the values and it will be difficult to return.

uchegod-21

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Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

I trace this problem back to learning about the basics. In the basics of cryptocurrency trading we were taught on how to invest and make good profit but hardly do we learn profit taking methods. Many of us work hard to grow our portfolio and still watch them fall back to naught. It is important to take profits and if possible to fiat if using a stable coin will still be tempting to re-trade and as well over trade. I am of the school of taught that there's always an opportunity before us. If we take profits, we shall still have another opportunity to reinvest the profits but when the profit is gone, we are only faced to regrow an already grown but lost profit.

AnonBitCoiner

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Quote from: 2Pizza410000BTC on March 22, 2024, 06:34:32 PM

In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.

Some people when find out some field advantageous then they start to use more money for it like many people when win a large sum of money then they are not happy with that but find it suitable to invest that amount again to earn more but actually all the time the Same coin never surges to give us profit.

Greed is the major reason for to which people often get rid of their earned money and once a person start thinking with greed then he never think normal but always shows great interest towards money. If your hands become full of money and suddenly your heart says that it's not enough then you will again start trading which is a sort of greed and you will eventually loss earned sum as well as some more money that you invest after realizing that trading is advantageous.

stomachgrowls

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Quote from: boty on March 23, 2024, 01:15:06 PM

Quote from: 2Pizza410000BTC on March 22, 2024, 06:34:32 PM

In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.

When you are aware of the mistakes you made in trading, of course you have to be able to correct them if you still want to be able to trade again and learn from the mistakes you made to be able to trade well again and also have to trade well and avoid greed so that can analyze well when deciding to buy a coin that can benefit from trading, if you are sure of the asset you hold, of course you will be able to recover from the losses you are experiencing, so you must be able to analyze well so as not to make decisions that harm you in the trades you make.

Would really be just that a right approach or just that common action that you would really be making is on that if you have made out those mistakes then you would really be correcting it out along the way.
Just like on what most people been saying on here that taking profits would be always the ideal move to make whenever you do see those gains on which it will be always our own primary target
specially if you are a short term trade. We do know that not all would really be holders and not all would really be able to hold up for too long and cant wait to see their profits in short time.
This is why they would really be that deciding that they would really be making active trades but of course it would really be having that certain risks on which not all would really be able to deal up with it.

boty

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Quote from: 2Pizza410000BTC on March 22, 2024, 06:34:32 PM

In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.

When you are aware of the mistakes you made in trading, of course you have to be able to correct them if you still want to be able to trade again and learn from the mistakes you made to be able to trade well again and also have to trade well and avoid greed so that can analyze well when deciding to buy a coin that can benefit from trading, if you are sure of the asset you hold, of course you will be able to recover from the losses you are experiencing, so you must be able to analyze well so as not to make decisions that harm you in the trades you make.

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Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.

gunhell16

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Quote from: Majestic-milf on March 07, 2024, 11:29:30 AM

First of, you made mention of "extreme greed' levels and this means by my understanding that traders will possess the ability to want to benefit from the market at all costs, not minding that it can crash at any moment, so what do you expect?

Quote

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

the essence of trading is to make profits but that should not over rule the need for survival, that is why it's important to not have Bitcoin trading as your only means of investment, diversifying will help take your eyes off constantly checking the charts because sometimes it's when most of your money is in one basket that you will get greedy.

The major concern of trading is to give profit to all traders, which depends on the strategies of individual traders as well. That's why it's important to have deep knowledge of trading. Because if the strategy used on the trading platform is wrong, our capital will be dissolved.

But if the strategy is right or the understanding of trading is deep and wide, for sure we will get a good profit in the end. And with proper knowledge, we will also know when we should take a profit every time there is a chance to do so.

shield132

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Quote from: Joseph-P on March 07, 2024, 11:13:08 AM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

I agree with you because that advice is very good for every trader. I was always trying to make as much profit as possible and that's not the right thing to do but to my mind, it's also not good to 100% enter into the game and then 100% leave the game or you'll regret it.
This is my strategy: I invest 100% into coin when I think that price is very low, then try to sell it when I think it's the right time or I wait for a long time. For example, I bought bitcoins in 2022 and didn't sell them till recent days. It's difficult to buy and sell frequently, when I tried that, I instead of making more profit, I missed the profit. If you can't figure out good times frequently, then long-term is the best advice and I think for good gains, everyone has to frequently visit crypto news websites and be in touch with the situation all the time because if there is news that triggers panic, you have to be one of the first one who sells coins to avoid significant capital loss.

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