Take Profits! Its important! - page 2.

Hamphser

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Quote from: snowpega on March 21, 2024, 06:29:57 PM

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.

Buddy well said I also agree with you profit matters but surviving in the crypto space safely matters more because once you lose your amount just because of one mistake that means you have done with your amount the chances of getting it back is nearly impossible. One should book profit from time to time in the crypto space rather than losing all the amount at once in case of a market crash badly. Greed is the worst enemy of humans who always traps the person in search of getting more and more so one should control have on his greed emotion for the best survival in the crypto space.

Having little is the best here as compared to facing a big loss in the cryptocurrency world. Well, I also read the thread just like that who also mentioned the same thing like your survival matters more in the crypto space, I was such a person before that who also used to think more and more profit but after reading his thread my point of view got changed.

Survival and this is something you should having in mind on where you would really be needing to sustain yourself on whatever methods or ways that you would really be tending to do.
Take profits is something always the golden rule of this space on which you cant be rich if you wont take profits. Yes, holding makes millionaires but we do know that it does have its cons or negative
side too on which too much holding could really be resulting into missing out opportunity on making profits and this is something that you should put up into your mind.
Take profits when happy and making yourself that keeps on doing it then you will really be showing that progressive.

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.

Buddy well said I also agree with you profit matters but surviving in the crypto space safely matters more because once you lose your amount just because of one mistake that means you have done with your amount the chances of getting it back is nearly impossible. One should book profit from time to time in the crypto space rather than losing all the amount at once in case of a market crash badly. Greed is the worst enemy of humans who always traps the person in search of getting more and more so one should control have on his greed emotion for the best survival in the crypto space.

Having little is the best here as compared to facing a big loss in the cryptocurrency world. Well, I also read the thread just like that who also mentioned the same thing like your survival matters more in the crypto space, I was such a person before that who also used to think more and more profit but after reading his thread my point of view got changed.

Bushdark

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Quote from: Zanab247 on March 21, 2024, 11:21:33 AM

Quote from: Dr.Osh

Yes, that's very important. no one loses by taking advantage. The losers are people who want to continue to increase their profits and miss their opportunity, while the price of the coins they hold has decreased over time. If you feel that the price of the coin is good enough for you, and the profit you get from it is big enough, then it is better to take the profit rather than expecting a bigger profit.
In fact, it's okay to expect big profits, but the risks you have to accept are also bigger. Personally, I am more concerned with profits that are before my eyes than those that are still uncertain.

Take the advantage at the right time, make traders to remain in profits making because they believe that opportunity come but once which is the reason why they are not greedy to take profits when the price hit higher in the market few days ago.

Those traders that refused to trade when the price rise higher in the market to take a bigger profits from the market are seriously worry about what is happening in the market because, the price of coins has drop down little compare to the high price people where seeing in the market recently.

Fornathise traders that are always taking profits when they make winnings would know how to help themselves to stay safe without bothering themselves at all. It is very important for us to watch the market price and know when it's right for us to take profits because this is one of the problems making gamblers are having and keep making them lose more money because they are not taking the profits they have made so that even when they lose, it would still be easily to fund there accounts with remaining funds.

Fatunad

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Quote from: Franctoshi on March 17, 2024, 05:41:00 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.

Profit taking is very important in trading, because you only win a trade when you have closed that particular trade in a profit, why this is important is because, Sometimes, some profiting trades at last became a lost trade, and this has happened to me a couple of times, and a suitable approach to this, is taking percentage profits along the line on any major support and resistance depending on which direction you choose, long or short, and always put your trades on break-even once you are about 10% profits in that trade.

Always secure profits and dont make yourself comes into a point that you do end up on regretting just because you had missed out on making profits just because you did make yourself a little bit greedier on which we do know that this is something that we must avoid since from the start. If you are that someone whose really that minding about making profits then once you have seen those greens or gains then secure it out.
Dont wait for more because once you had missed then it would really be a regrettable thing. Although there are really conditions on which you would really be having that kind of considerations on holding back
way longer because you've been believing that it might increase up even more. Holding long doesnt mean that being too greedy, it is really just that you are really that believing into something.

Based up on real experience then i have been able to commit out those kind of mistakes on the time that i do make out some trading and once those prices clings up more than
with my entry point then this is where decision making would really be needed. Outcomes and results would really be random on which it would be understandable.

Zanab247

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Quote from: Dr.Osh

Yes, that's very important. no one loses by taking advantage. The losers are people who want to continue to increase their profits and miss their opportunity, while the price of the coins they hold has decreased over time. If you feel that the price of the coin is good enough for you, and the profit you get from it is big enough, then it is better to take the profit rather than expecting a bigger profit.
In fact, it's okay to expect big profits, but the risks you have to accept are also bigger. Personally, I am more concerned with profits that are before my eyes than those that are still uncertain.

Take the advantage at the right time, make traders to remain in profits making because they believe that opportunity come but once which is the reason why they are not greedy to take profits when the price hit higher in the market few days ago.

Those traders that refused to trade when the price rise higher in the market to take a bigger profits from the market are seriously worry about what is happening in the market because, the price of coins has drop down little compare to the high price people where seeing in the market recently.

Franctoshi

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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.

Profit taking is very important in trading, because you only win a trade when you have closed that particular trade in a profit, why this is important is because, Sometimes, some profiting trades at last became a lost trade, and this has happened to me a couple of times, and a suitable approach to this, is taking percentage profits along the line on any major support and resistance depending on which direction you choose, long or short, and always put your trades on break-even once you are about 10% profits in that trade.

Viscore

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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.

boty

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Quote from: Dailyscript on March 15, 2024, 02:20:38 PM

When your playing around some kind of altcoins and not bitcoin that is when you will fall victim of a coin that will end up falling to zero. I understand that is trading, but is good that when trading we should trade coins that if by any chance it falls down critically someday it will have the ability to go back up and also beaten the ATH. Most people fall victims to pump and dump tokens, i wont blame them because at first that token shows so much potential at the begining stage making them to believe and trust the project not knowing it will only last for a while.

When someone plays with altcoins, of course they have to really understand the type of altcoin to be able to maintain the assets they invest in altcoins because if they don't understand it well, of course they will suffer losses in holding the altcoin, the price of which cannot recover and most of them will lose money. Losers are usually those who have just started investing or trading, but when someone is able to properly analyze a token or altcoin, of course they will be very careful in holding it and if they have made a profit, of course they will take advantage of holding the altcoin.

redsun114

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Quote from: crwth on March 07, 2024, 01:19:48 PM

I think we are not yet at the hype of the actual bullrun because I think the people surrounding me, who are not that hyped about cryptocurrencies, are not yet asking me who has an idea with crypto. Before, when it was the bulll run, I experience that but now, I don't think it has that kind of impact yet even if we are near the ATH.

It can be a sign that it's not yet the peak but we can, however, see that we can take advantage of the green market. I agree that it's good to take profits.

Not sure about you but I can feel the hype already and we are now in the bull run but it's not yet strong, I guess it's because most holders are targeting about $100k levels for their profit booking. People around you are only lazy to see the market on their own. That's no good. If that happens to me, I will say that why you guys always rely on me? Not only that it won't annoy me anymore but it also helps them to grow.

If you invest earlier or when the price is still relatively cheap, yes, it's not bad if you can sell now but you can also opt to left some or most of your coins, so that you can sell again at an even better price later on. If you want to, you can also buy some more.

Dailyscript

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When your playing around some kind of altcoins and not bitcoin that is when you will fall victim of a coin that will end up falling to zero. I understand that is trading, but is good that when trading we should trade coins that if by any chance it falls down critically someday it will have the ability to go back up and also beaten the ATH. Most people fall victims to pump and dump tokens, i wont blame them because at first that token shows so much potential at the begining stage making them to believe and trust the project not knowing it will only last for a while.

AakZaki

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Will always take advantage if it is a high enough price for me. But most will also be detained. profits are taken only to be enjoyed, of course I will not continue to hold back and need to enjoy the profits that should be enjoyed. Don't be too selfish and think too much that long-term investments will continue to be held without a price target. Bitcoin still hasn't reached $100k and I believe it still will, before that until I buy in gradually.

Inwestour

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Quote from: avp2306 on March 15, 2024, 03:54:47 AM

People lose on their trade its because they are been so greedy for looking up for more profits while there are already a good opportunity showing up in front of them. That's why when the price dump usually they are losing because they want the price to recover and that lead a total disaster on their investment. If they could just able to realize that crypto is fast moving asset that needs to trade once there's opportunity to do it then for sure aspiring traders could able to earn and they can minimize their losses. They really need to know that there's really a big tendency that correction will happen so good decision making is important and they should not ask to much so they can always take advantage on situation when their favorite coin pump and gather profits from this.

Trading is the ability to get the best result from the market, regardless of what phase it is in. Corrections are an integral part of the market, and you can also make a profit from a correction if you identify it.

But it seems to me that now for a growing market, trading is not the best solution, if almost everything starts to grow, then it is better to buy and wait until it grows well enough to make a significant profit, even if it is long-term trading. I also noticed that in a bull market there are a lot of traders who are ready to brag about their results, but they disappear from view as soon as the bear market sets in.

dunfida

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Quote from: avp2306 on March 15, 2024, 03:54:47 AM

Quote from: gabbie2010 on March 15, 2024, 02:01:20 AM

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.

It's not only in crypto even in forex trading the most important priority is to locked and profit first bearing in mind that that crypto is very volatile a once profitable trade can suddenly reverse and ended up in losses especially future trading now that Bitcoin had reached ATH I knew alot of investors would have taken partial or ful profit to recoup their investment of course prices of cryptocurrencies is unpredictable and for every bullish run there is tendency for a price correction or reversal for how long it's going to last is unknown even using technical analysis to predict the likely resumption of the bullish trend.

People lose on their trade its because they are been so greedy for looking up for more profits while there are already a good opportunity showing up in front of them. That's why when the price dump usually they are losing because they want the price to recover and that lead a total disaster on their investment. If they could just able to realize that crypto is fast moving asset that needs to trade once there's opportunity to do it then for sure aspiring traders could able to earn and they can minimize their losses. They really need to know that there's really a big tendency that correction will happen so good decision making is important and they should not ask to much so they can always take advantage on situation when their favorite coin pump and gather profits from this.

Greed is never been good and on the time that you wouldnt really be taking profits and the market corrections do hits you then for sure you would really be ending up with that kind of regret on which you didnt even expect
because you've been anticipating that the market would really be shooting up forever on which this isnt something a market would really be doing. Take profits when you do have the opportunity
and hold onto something which you do believe that you could make huge money in the future.Actually you could really be able to do both things if you do like. If you are really just that sensible
on the things that you've been dealing with and having that realistic approach.

Take profits into those short term projects and hold for some moon bag on a small portion if you do really love on holding it out but this is really some sort of optional
approach because usually when we do make out that sell then it would be an all in sell.

Sorryfor

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A trader's main objective is to make profit, I think it's not really a new thought. But in order to achieve these profits, they often make emotional wrong decisions through which they face losses instead of profits. I think as a trader if there is no loss then he is not really a trader. Because in the beginning and later in trading you must make profits through losses. However, noting down past mistakes and wrong strategies and avoiding them can help you gain profits later on And you trade the amount you can afford to lose And of course always be careful.

BD Technical

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No one comes to tat without profit see you have profit you are chatting your pocket probability will never be 100% you will remember profit and loss. Tet is one thing where you don't lose, you must lose, whether it's before or after. If you are good then you can earn in trade or your profit can come more. But I feel that in the current situation not everyone can profit because everyone has come to enter and the number of losses is high. Presently treats meetings but does not contain their basic knowledge because many work with signals.If you work with signals, you are copying the theory because you will have a choice over others. But of course you have to rely on your luck if you want to copy from others independent and earn profit.

avp2306

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Quote from: gabbie2010 on March 15, 2024, 02:01:20 AM

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.

It's not only in crypto even in forex trading the most important priority is to locked and profit first bearing in mind that that crypto is very volatile a once profitable trade can suddenly reverse and ended up in losses especially future trading now that Bitcoin had reached ATH I knew alot of investors would have taken partial or ful profit to recoup their investment of course prices of cryptocurrencies is unpredictable and for every bullish run there is tendency for a price correction or reversal for how long it's going to last is unknown even using technical analysis to predict the likely resumption of the bullish trend.

People lose on their trade its because they are been so greedy for looking up for more profits while there are already a good opportunity showing up in front of them. That's why when the price dump usually they are losing because they want the price to recover and that lead a total disaster on their investment. If they could just able to realize that crypto is fast moving asset that needs to trade once there's opportunity to do it then for sure aspiring traders could able to earn and they can minimize their losses. They really need to know that there's really a big tendency that correction will happen so good decision making is important and they should not ask to much so they can always take advantage on situation when their favorite coin pump and gather profits from this.

gabbie2010

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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.

It's not only in crypto even in forex trading the most important priority is to locked and profit first bearing in mind that that crypto is very volatile a once profitable trade can suddenly reverse and ended up in losses especially future trading now that Bitcoin had reached ATH I knew alot of investors would have taken partial or ful profit to recoup their investment of course prices of cryptocurrencies is unpredictable and for every bullish run there is tendency for a price correction or reversal for how long it's going to last is unknown even using technical analysis to predict the likely resumption of the bullish trend.

cute nmp

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Thinking of selling my altcoins at the moment cause the moment can began dipping at any moment so this should really be the best time for everyone to take profit and exit the market. Market look too extended at the moment

justdimin

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Quote from: snowpega on March 13, 2024, 11:47:16 AM

You have really started a good discussion I also believe in what you said but your saying reminds me of these things and I really appreciate that for you. I also booked some ratio of profit when bitcoin was reached $60k and then I booked when bitcoin was at the $68k price zone all the booking done was with the intention of buying back in case of if the market makes some downward moves after that I am waiting patiently for this thing to happen. On the other hand market is highly bullish and in a greed zone where they all should book some we are experiencing aggressive buying which indicates a difficult correction in the market.

Big institutions are also buying aggressively at the current price zone which looks to weird I do know what are their actuall plan behind that as we know we are near to the halving event and the market already sitting at a high level after making its new all-time high. as we know that there is a correct on the time of halving event if we look at the historical shart now i don't know why makret is highly bullish near the event of Halvinh and broke last all time high before the halving evnet.

I would say it is okay to take profit whenever you want to, but it is also not really that good to insist on others to take profit as well. If people want to take profit then they should, and if people do not want to take profit then they shouldn't, both are good ideas. People who take profit, will be able to say that they profited from their investment, and people who do not take their profit could say that they took a risk and maybe it worked out or maybe it did not, which is fine.

I believe that people should do their best at whatever they have in their hands. If they do not take profit and the price goes up, they would be making more money than you do and that's the most important part of the deal, that's better.

|MINER|

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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.

Topic: Take Profits! Its important! - page 2. (Read 1249 times)