Take Profits! Its important! - page 5.

dunfida

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Quote from: avp2306 on March 15, 2024, 02:54:47 AM

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

Quote from: Joseph-P on March 07, 2024, 10:13:08 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, 01:01:20 AM

Quote from: Joseph-P on March 07, 2024, 10:13:08 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.

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Quote from: Joseph-P on March 07, 2024, 10:13:08 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

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Quote from: snowpega on March 13, 2024, 10:47:16 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.

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The market is volatile not all the time the coins we are trading are in favour of our technical analysis if your current position doesn't meet your expectations you can call those trades to a close position and if you gained profit still consider a profit, and if think that position doesn't bring the money you can cut a loss, active traders always consider their profit at the end of the day it counts instead having a reading day with the market you also have a red day in your portfolio and percentage of winning. Emotions are part of decision making in trading but make sure you are in right mind to decide what is too much and enough.

Tmoonz

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Quote from: Joseph-P on March 07, 2024, 10:13:08 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.

Greed is not that bad but when you overly indulge in it, it can be very complicating to an extend majority don't seen to understand that profit is profit no matter how small it is you always call it a profit and most times they say that the bird at hand is far better than the thousands in the bush. Many has fall the victim of lossing out completely while trying to make a huge profit, you can only hold on your investment if it is a long term investment plan like Bitcoin but for others take as much profit as you can when necessary there is no point procrastinating on projects that that doesn't have holding potentials.

Ahli38

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Quote from: Hypnosis00 on March 13, 2024, 04:49:17 PM

Quote from: Dunamisx on March 13, 2024, 08:30:23 AM

Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.

Attitude problems and market approaches are a big deal in trading. In trading, we need to be greedy, every chance to earn a profit is already a great opportunity that should not be wasted. In fact, the primary purpose is to earn, even if it is just a small amount, as a trader we need to appreciate it and stop thinking more as we never know what comes next. Many traders regret and even blame themselves as they fail to manage their emotions and greediness making them lose their money.

Greed itself, if managed well and equipped with a mature strategy, can bring profits as long as it is within certain limits. For example, in future trading when our position already has quite a large profit. But we still hope for bigger profits and don't want to take advantage right away. So the solution is that we can remain in our position and we can anticipate so that we can remain profitable even if the market reverses direction. Namely by using the stoploss+ method. That is, we put a stop loss in an area that is actually still profitable. Because we don't always have to leave the stoploss button in a loss position. but we can shift the position of the stoploss button to a position that is still profitable for us.

But if we want to trade more safely then it would be better if we didn't become greedy and close the position when we have made a profit. Unless we really have a strong reason to continue holding on longer. As we know fundamental news that will be coming soon which can bring more hype to the market and make the coins we hold rise higher. But if we don't have a strong reason or even good results from the fundamental analysis that we have carried out then it would be better for us to close the position and take whatever profit it is.

$weetne$$

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Quote from: MFahad on March 13, 2024, 09:08:23 PM

Did you just use "meme coins" and "long time" in one sentence and say you wanted to hold them for the long term? Those two are contradictory words because meme coins are not to be held for long, they are for short-term gains and we should use them for the purpose they are for. You can't hold a meme coin for two years and expect it to grow in value in the next cycle like Bitcoin and other cryptocurrencies, it will most probably die off before the next season and will be replaced by another one of its kind.
Even if you are thinking to take out your initial investment and leave the profits for a long run, I would suggest that you take some profit with it so that you don't regret it in case something goes wrong.

Use the word majority because that's what happens to many of the memecoins but we have those that have been profitable holding them, Dogecoin investors have made more profit holding dogecoin and Shiba inu is also on the part of doing the same to their investors. Thinking profits is important when trading or investing in any cryptocurrency, without talking profits you won't realized the gains you're seeing on your trades. If you don't know how to take profits you won't become successful as a trader or an investor. Some individuals are bad at taking profits and they keep losing after making many gains already. As you're leaning how to time the make to buy any cryptocurrency as a trader you have to also learn how to exit the market so you don't get left holding tokens that are dieing.

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Quote from: Fivestar4everMVP on March 13, 2024, 11:15:32 AM

"The real skill is not in making money, the real skill is in keeping it", this hit me really hard, for there are some meme coins I invested some small amount of money on, and right now, it's been a hard debate withing myself wether to take profit on them or not, I was hoping to leave them to run for a very long time hoping that the price will keep pumping, there about making me much more profit, but I guess I have to atleast, pull out the initial amount I invested and just allow the profit made to run for as long as the project is alive and booming.

Did you just use "meme coins" and "long time" in one sentence and say you wanted to hold them for the long term? Those two are contradictory words because meme coins are not to be held for long, they are for short-term gains and we should use them for the purpose they are for. You can't hold a meme coin for two years and expect it to grow in value in the next cycle like Bitcoin and other cryptocurrencies, it will most probably die off before the next season and will be replaced by another one of its kind.
Even if you are thinking to take out your initial investment and leave the profits for a long run, I would suggest that you take some profit with it so that you don't regret it in case something goes wrong.

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Quote from: Issa56 on March 13, 2024, 05:03:11 PM

Quote from: Joseph-P on March 07, 2024, 10:13:08 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.

I just remembered a similar incident that happened to a friend of mine. Although it concerns him placing a bet during last weekend's EPL matches but the point I want to highlight is how when he had options to cash out, of which may have seemed too small for about 3 betslips that day. He didn't take the offer until it expired and he wished he had taken up the offer, at least he would have had a little profit rather than the loss that befell him that day.

Coming back here and now, while trading, it is a wise move to take the profits that may seem too little, early. It is until one has been in the market for long that they can have the confidence to keep trading while ignoring the small profits on top.

Greed has never been the solution to wealth but its demise.
As it applies to the gambler who didn't take profit early and lost all, so it applies to the trader who doesn't take profit early but wait to keep trading hoping to increase the profit, without a set limit in mind. The crypto exchange market is always volatile and susceptible to change just like same way odds are to a bettor.

Issa56

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Quote from: Joseph-P on March 07, 2024, 10:13:08 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.

Hypnosis00

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Quote from: Dunamisx on March 13, 2024, 08:30:23 AM

Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.

Attitude problems and market approaches are a big deal in trading. In trading, we need to be greedy, every chance to earn a profit is already a great opportunity that should not be wasted. In fact, the primary purpose is to earn, even if it is just a small amount, as a trader we need to appreciate it and stop thinking more as we never know what comes next. Many traders regret and even blame themselves as they fail to manage their emotions and greediness making them lose their money.

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Quote from: stadus on March 13, 2024, 03:31:29 PM

Quote from: batang_bitcoin on March 12, 2024, 04:37:37 PM

Quote from: Dr.Osh on March 11, 2024, 10:27:23 AM

Even when we understand that taking advantage is important, when we face this situation, the feeling of greed will continue to exist. I agree that if you want the long term, then bitcoin is the choice. Meanwhile, for altcoins, if you have made enough profits, immediately secure your main money, or take all the profits.

When you make money with the altcoins, the best that you can do is to convert that into Bitcoin for your own reference. That's the safest thing to do aside from converting that to stable coins so that you can also DCA while waiting for some corrections to see Bitcoin's price go down a bit. When you're selling, you're not greedy and you're just taking of your profits but as you've said, this is a long term thing and it's here to stay so before you sell, plan everything well out.

You can actually do that if you want to focus on bitcoin, but if you’re planning to diversify your investment, altcoins profits can lead to a good start investing in real estate or stocks. That way, you now have both long term investments that you can apply DCA as long as you can. However, make sure to maximize or allocate more funds to bitcoin than other types of investments since its ROI is bigger than the others.

When making investment then i wouldnt really be surely putting up all the focus on crypto space but also i would really be sticking into those known traditional investment that we do have in mind on which
we do know that it is really just that too impossible that you cant really be able to make yourself realize that having both would really be something more preferable and much better.

In speaking about taking profits then it would really be just that a common approach that you do have on where you would really be needing up to secure on whatever investment or business you could make.
We do know on what are the things that you could be able to save up and change once you do have that kind of certain state of your life when it comes to this matter.
Take profits and this has been our main target in our life on which having that kind of driving force for us to make good decisions and taking up risks just to make it happen
and this is something that standard.

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Quote from: batang_bitcoin on March 12, 2024, 04:37:37 PM

Quote from: Dr.Osh on March 11, 2024, 10:27:23 AM

Even when we understand that taking advantage is important, when we face this situation, the feeling of greed will continue to exist. I agree that if you want the long term, then bitcoin is the choice. Meanwhile, for altcoins, if you have made enough profits, immediately secure your main money, or take all the profits.

When you make money with the altcoins, the best that you can do is to convert that into Bitcoin for your own reference. That's the safest thing to do aside from converting that to stable coins so that you can also DCA while waiting for some corrections to see Bitcoin's price go down a bit. When you're selling, you're not greedy and you're just taking of your profits but as you've said, this is a long term thing and it's here to stay so before you sell, plan everything well out.

You can actually do that if you want to focus on bitcoin, but if you’re planning to diversify your investment, altcoins profits can lead to a good start investing in real estate or stocks. That way, you now have both long term investments that you can apply DCA as long as you can. However, make sure to maximize or allocate more funds to bitcoin than other types of investments since its ROI is bigger than the others.

bettercrypto

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Quote from: Joseph-P on March 07, 2024, 10:13:08 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.

There are only two types of investors: "wise investors" and unwise investors." It depends on which of the two you are; it's you or us because we know which one we belong to. However, it is also inevitable that sometimes we make mistakes, and this is usually what teaches us so that we can learn and have a good result in what we do for the future.

That's why, as investors, we try as much as possible not to waste the capital that we will use in an investment, and we also don't want to waste the time that we allocate for this kind of thing.

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Quote from: Oshosondy on March 07, 2024, 10:19:25 AM

The last one that I remember that caused me significant loss was when I was winning $45 already but I set TP at $50. The market later went down and I lost money a lot. As a trader, it is good not to be greedy.

You tell the traders to be patient with trading and while trading, but sometimes it begins to feel like you mean they should be more greedy and should always wait until TP to take profit. When you are advised to be patient, it applies to your strategy of observing the market before entering, but not to taking profit when you perceive that the market may go the other way when you are making profit.

It is always an emotional battle every trader who has been long in the market faces, if to wait or to just take profit. The strategy a trader friend of mine uses is to take profit, and then re-enter the market again with a new stop loss, so if the market goes sideways, they would have made some profit still.

Topic: Take Profits! Its important! - page 5. (Read 1589 times)