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.
It's always like this, people always to chase for highest profit possible as their "limit testing" but most of the time it's just better to stop when you have gotten quite decent profit from your trading. It's always better to stop and then choose for another coins/assets to trade again, repeat and rinse. Consistent profit is always better than going for big one but you consistently for the big win. 
Topic: Take Profits! Its important! - page 6. (Read 1599 times)
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.
People get success in trading platform but due to excessive greed they cannot accept that success. I have seen many times when trading in trading platform and after some time profit appears there when profit appears we get extra greed in our mind due to that extra greed sometimes we see 0 profit instead of profit. So every trader should not be too greedy in trading platform and take quick profit with small profit. Those who take quick profits with small profits can survive on the trading platform and achieve success. 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.
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.
When we have made a profit from the investment or trade that we have made, it would be very good if we took the profit from the results of the investment or trade, because if we are too greedy in investing and trading, of course we will miss out on the profit that we have made. and this really depends on a person's personality. If they can control themselves, they can of course get the profits they have earned, but if they are greedy, of course it will be impossible to take advantage by hoping for even bigger profits, but they don't know the market conditions well. well, so it is very likely that they will experience losses on the trades or investments they make. 
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.
Then tell me please which BTC investor had to watch all profits fall back to zero if they HODLed until this very day? You are talking about on paper profits, but there is always an opportunity cost coming along with dumping your precious BTC. I saw people watch their profits go to zero by selling, FOMO buying back in at a higher price for less BTC, then FUD selling less BTC for a lower price because BTC price corrected, then FOMO rebuying even less BTC with the left over cash during a trend reversal, you get the point if you continue this infinitely until someone is left with nothing.
The only things that fell back to zero are coins that are not called "Bitcoin". BTC is alive and kicking more than ever. If someone sold but didn't have to for any particular reason, blame on them. If they had to, it could still be blame on them if they went all in with money that wasn't meant to be invested for a longer period of time. Volatility is both a devil and a friend and a simple look at the charts tells you exactly that. If they were hoping to catch a good wave and then get out anyway, well, that's a different ball game. Go and play poker or roulette instead.
Taking profits is right if it fits your overall investment strategy and capacity best. It depends on your individual profile and whether divestment makes sense or perhaps recommendable. But in general, BTC has proven to be maximally resilient over the years. I still think a BTC investment is a roller coaster when you look at the charts, but it doesn't have to be psychologically for an investor if they know what they are doing / buying.
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"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.
The truth actually is that, we should always take profit, or atleast, pull out the amount we invested as soon as we are in profit, and just allow the profit made to run.
But still, we sometimes cant do away with the fact that some projects are just too good with a lot of potentials on the high side, and when we have not invested enough funds in such projects, we sometimes feel to just allow it run for longer for maximum profit, this is not a bad thing to do I guess?
The truth actually is that, we should always take profit, or atleast, pull out the amount we invested as soon as we are in profit, and just allow the profit made to run.
But still, we sometimes cant do away with the fact that some projects are just too good with a lot of potentials on the high side, and when we have not invested enough funds in such projects, we sometimes feel to just allow it run for longer for maximum profit, this is not a bad thing to do I guess?
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.
Dear, 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.
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.
means there is a problem with the trade plan made. it affects the targets that can be achieved. that is indeed difficult to do. but if that situation occurs, the trader is in a condition that is not consistent with the trading plan that he has made himself. Greed may be a reason, but I think the main one is a poor trading experience.
maybe with a few mistakes they will get better.
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.
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.
If you are too greedy then you will definitely face losses, so don't be too greedy in saturated currencies. Where you can lose all your money just by being greedy. And if patience should be increased then success must be achieved.
Your two suggestions are very good to me and will help me in the future.
huge correction then you would really be losing those profits and you would really be ending up on having those kind of regrets and telling to yourself that you should have that make yourself secure while
you are still on positive. This is a common mistake for most traders on which it would really be that normal that they would be pursuing on something higher but it do really have those cons
on which on the time that you would really be ending up on holding up your position then you would be ending up on getting caught on the dump. So the question is, how long you would really be
making your patience last on holding your position? This would really be something that very a normal approach.
It will be that depending on what coin you have invested on whether on meme coins/altcoins/Bitcoin on which it is impossible that you wont really be able to determine which one is worth to hold
for long term and which one is really that for temporary. Always secure your initial capital on which this is something that you would really be needing to consider.
Take profits when happy and hold if you do see that it would shoot up even more but the risks attached is something that you could be able to bare up to accept
because corrections happen and on the time you do miss those profits then regrets would comes next.
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 trading, we must not be greedy and hope that profits will continue to come and think that the hype will never end. Well in trading we have to be fully aware that we have to take profits when we are already in a position to make a profit. If it is a spot market then we can take profits gradually. But if it's in the futures market, I think we can still be greedy while keeping profits from being lost by shifting the stoploss from a loss position to a profit position that we want to secure (stoploss plus). Because the stoploss function which is usually used to stop losses can also be used to secure profits. It can also be done on the spot market as long as CEX provides this feature. 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.
No trader can sell exactly at the highest price and when buying at the lowest price, all they do is try to predict.Traders who are filled with fear will sell too quickly, and those who are filled with greed will continue to try to keep their coins without thinking about taking profit because they feel the price will continue to rise and when they realize it, it will be too late, so always be realistic in trading and try to take profits if there is a chance because there is a time when the price will fall again and it is time to buy again, save it again and sell at the target price.
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.
If you are too greedy then you will definitely face losses, so don't be too greedy in saturated currencies. Where you can lose all your money just by being greedy. And if patience should be increased then success must be achieved.
Your two suggestions are very good to me and will help me in the future.
huge correction then you would really be losing those profits and you would really be ending up on having those kind of regrets and telling to yourself that you should have that make yourself secure while
you are still on positive. This is a common mistake for most traders on which it would really be that normal that they would be pursuing on something higher but it do really have those cons
on which on the time that you would really be ending up on holding up your position then you would be ending up on getting caught on the dump. So the question is, how long you would really be
making your patience last on holding your position? This would really be something that very a normal approach.
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.
If you are too greedy then you will definitely face losses, so don't be too greedy in saturated currencies. Where you can lose all your money just by being greedy. And if patience should be increased then success must be achieved.
Your two suggestions are very good to me and will help me in the future.
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. 
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.
It did happen to me countless number of times. 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....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 would still change priorities, because if you can't make a profit, then you will have nothing to keep) Obviously, we are talking about how, as the price increases, it is necessary to fix part of the profit, which it is desirable to withdraw to fiat, so that life is more fun.
Decision or target from trading or investing is take profit, I don't know why many people not prioritize for taking profit after getting moment with their investment assets increasing high value. Current bitcoin and altcoin volatile and we can't predictable with the price keep on the higher is the right moment for taking profit and buy back later when get correction moment.
Not always the holder is the winner regarding how many coins dump drastically after success raising the highest price and most of altcoin following with the bitcoin price, if get crash you can't stopping altcoin will going dump and its very important how to take profit since get the opportunity.
Most of trader loyal hand keep holding their cryptocurrency assets after raising more profitable until price going dump will disappointed why not sell when getting moment in the higher price?
Not always the holder is the winner regarding how many coins dump drastically after success raising the highest price and most of altcoin following with the bitcoin price, if get crash you can't stopping altcoin will going dump and its very important how to take profit since get the opportunity.
Most of trader loyal hand keep holding their cryptocurrency assets after raising more profitable until price going dump will disappointed why not sell when getting moment in the higher price?
I have experienced where when I have made a profit but it continues to be ignored because I believe the profit level will increase but what happens is that it goes down to the lowest value as a result there is regret why not take advantage at that time, but I realize that it is greed that humans have experienced.
The only one wants to take long-term profits by simply HODL Bitcoin that's all.
But we have experienced where choosing several altcoins in the hope of more profit which can be said to be a quick profit in the short term but often does not have a sales target with no management, everything will be a mess.
I guess we all have experienced things like this because of greed and misconceptions about bitcoin and even to the rest of the crypto coins. But one huge loss is enough for a wise investor, so he won’t repeat the same mistake again and still end up losing. The only one wants to take long-term profits by simply HODL Bitcoin that's all.
But we have experienced where choosing several altcoins in the hope of more profit which can be said to be a quick profit in the short term but often does not have a sales target with no management, everything will be a mess.
The challenge here is not actually to maximize our future profits, but controlling our greed in order to take profits when the market is capable to, and knowing when to keep on hodling while others are greedy to sell.
about making profits.
You would really be needing to adjust accordingly if you have seen that you are really having that high chance of lossing on which we know that
this is something inevitable. If you wont really be making out those adjustments then you are really that bound into such disaster and this is something that we must avoid as much as
we can.
I have experienced where when I have made a profit but it continues to be ignored because I believe the profit level will increase but what happens is that it goes down to the lowest value as a result there is regret why not take advantage at that time, but I realize that it is greed that humans have experienced.
The only one wants to take long-term profits by simply HODL Bitcoin that's all.
But we have experienced where choosing several altcoins in the hope of more profit which can be said to be a quick profit in the short term but often does not have a sales target with no management, everything will be a mess.
I guess we all have experienced things like this because of greed and misconceptions about bitcoin and even to the rest of the crypto coins. But one huge loss is enough for a wise investor, so he won’t repeat the same mistake again and still end up losing. The only one wants to take long-term profits by simply HODL Bitcoin that's all.
But we have experienced where choosing several altcoins in the hope of more profit which can be said to be a quick profit in the short term but often does not have a sales target with no management, everything will be a mess.
The challenge here is not actually to maximize our future profits, but controlling our greed in order to take profits when the market is capable to, and knowing when to keep on hodling while others are greedy to sell.
"No one went broke taking profits."
Your profits are all on paper unless you realize them. By "realizing" I mean converting them to FIAT. It may sound weird to many people but we still live in a FIAT world. People still price their stuff in FIAT because it is somehow predictable unlike crypto. Yes FIAT sucks and it makes you poor in the long term but the thing is, you exactly know what you gonna get.
With crypto, there is too much uncertainly. Too volatile. So don't forget to take dem profits every once in a while.
I have read a few replies from people and they are all in agreement with Op. I have thought that OP made this topic because of the recent surge in the price of bitcoin. But lately did I remember that this is trading board and the post was made for trading purpose and not for long term investment purposes.Your profits are all on paper unless you realize them. By "realizing" I mean converting them to FIAT. It may sound weird to many people but we still live in a FIAT world. People still price their stuff in FIAT because it is somehow predictable unlike crypto. Yes FIAT sucks and it makes you poor in the long term but the thing is, you exactly know what you gonna get.
With crypto, there is too much uncertainly. Too volatile. So don't forget to take dem profits every once in a while.
If I have been holding bitcoin for a long time, maybe throw DCA, this might not be the best time to take profit because it seems that the future is just brighter for bitcoin. Taking profit now might be too early.
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.
Good advise and for most traders, they don't trade in this manner. A lot of greed lives in the mind of many traders and that have made them lost a lot of profitable trades that were initially in big wins for them. What many don't get to understand in trading is that; learn to trade today and come back tomorrow to trade more, it will make you a better trader and not allowing the market to reap you off your money because you don't know how to employ risk management while trading.
Firstly, every traders intention when they joined trading is to make profit but today, they delay to take profit and quickly exit the trade when in loss as trade is still in process. If traders will learn how to take profits early and exit a trade already on negative trend early, most of them will be profitable and if they are not, their losses from trade won't be that much that they will discouraged not to trade again. Greed and unprepared mindset to align with the flow of the market will only make it harder to become a better trader.
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