In crypto one should focus not only on profit but also on long term holding. Crypto certainly has risks, such as the risk of losing money. We must always be able to manage this risk. For this we must invest the amount of money, the amount of money that we are ready to lose, or the amount of money that if lost, it will not affect your daily life.
Several focuses should actually be considered important for investors and also for traders, because if investors are more dedicated to long-term ownership, of course what they have to think about is how to save their investments and what assets are more suitable for investing in the long term. Meanwhile, traders only need to see what assets are suitable for them in short-term trading in order to gain profits and also consider their own capital so that it doesn't just disappear, even though they are also very prepared if their capital runs out when they don't get a profit from their own trading. 
Topic: Take Profits! Its important! - page 3. (Read 1589 times)
In crypto one should focus not only on profit but also on long term holding. Crypto certainly has risks, such as the risk of losing money. We must always be able to manage this risk. For this we must invest the amount of money, the amount of money that we are ready to lose, or the amount of money that if lost, it will not affect your daily life.
Once the greed has really entered our thoughts and we have absorbed it, for sure you are under control of this; you are no longer in control. That's why others always say that we should
learn to have self-discipline and control ourselves.
When the two things that I mentioned that a trader should have are gone, for sure, no matter what happens, greed will easily enter and the opportunity to take profit will be lost
because the self-control that is called for will no longer exist.
Greed will always make us lose the opportunity to gain the profits we have obtained in the hope of getting more profits, but we don't get this so we don't get any profits from the trading we do and we lose the opportunities we get. Of course, it is important for us to be able to control ourselves when trading so that we don't do it with greed, because if we can't control ourselves when trading, it will be difficult for us to make the right decisions when trading and this will make us lose. learn to have self-discipline and control ourselves.
When the two things that I mentioned that a trader should have are gone, for sure, no matter what happens, greed will easily enter and the opportunity to take profit will be lost
because the self-control that is called for will no longer exist.
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'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.
Once the greed has really entered our thoughts and we have absorbed it, for sure you are under control of this; you are no longer in control. That's why others always say that we should
learn to have self-discipline and control ourselves.
When the two things that I mentioned that a trader should have are gone, for sure, no matter what happens, greed will easily enter and the opportunity to take profit will be lost
because the self-control that is called for will no longer exist.
Sometimes you can’t really predict on it because it is difficult to analyze must times, sometimes if you take your profit and it happens to be that bitcoin have increased and you will say you wouldn’t have taken profits if you had known, it is just a simple fact, you need to get your algorithm very well and understand the information on the trading, why is the down fall of coin and does it going to go down continuously? What do I have to do and you should get all this fact before you take your Action and it will all get straightened.
I believed being greed is more important to avoid profit loss, that proven because those old days I never had that mindset. My confidence was out breaking thinking that I wouldn't experience any problem with my holdings.
Unfortunately, when bearish came around year 2018--2019 everything went so grey and in fact it gave me a lot of emotional stress which was really hard to cope up.
Unfortunately, when bearish came around year 2018--2019 everything went so grey and in fact it gave me a lot of emotional stress which was really hard to cope up.
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.
One of the common mistakes of some people is on the time that they do make themselves greedy on which it causes for them to messed up their lives just because they do lack of having that kind of securing out their profits on which this causes for them to have that kind waiting game on the time that they do become that greedy.We do have that saying that you cant be rich if you wont take profit and this is something that you should be putting up in mind.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.
Always set taking profis because if you dont then you are just having those unrealized profits and its something that not been realized and on the moment that market crashes or on the time that it do make out such correction thencyou had just missed up on making money and would really be giving out that kind of regret and this is somewhere you should really be that realizing that this is a must thing that should be done.
Well like I said greediness has really cost a lot of loses in some people because they have refused to take out profit after getting some profit, they feel like it will come more, meh sometimes it is good to take out some profit to avoid unnecessary losses or going down on your portfolio, please let us be wise because it is the smartest decision that someone should take, take out some profits first and you Bvn’s still continue trading
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.
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. 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
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.
-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.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.
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
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.
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.
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.
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 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.
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'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.
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.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.
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. 
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.
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.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.
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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