taking profit can be hard sometimes.

JackieAinsley

jr. member

Activity: 152

Merit: 1

Quote from: Cling18 on May 13, 2021, 12:12:57 PM

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time. its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

Some investors aren't contented with their expected profit and they're even aiming for more that sometimes result in losses which isn't a smart move. As for me, it's still better to set a target goal and sell when you have reached it. Sometimes, greediness could take everything from us. Reaching our target profit is more than enough because profit is still profit no matter how big or small it is.

To raise in price token must be popular and to have a good liquidity. It is good that there are liquidity pools like https://safespacecrypto.net/ that help to increase liquidity of DEX.

gribalenfeksiyon

full member

Activity: 546

Merit: 100

Making a profit is just as important as investing in the right coin. Investing is not just investing money. you must keep track of the money you deposited. Protecting your money and realizing your profit is one of the most important issues. The biggest reason people lose money is because they don't use stop loss and don't know when to make a profit. technical analysis is a method that helps in these matters. Technical analysis helps a lot in setting a goal for yourself.

ogundowotoby01

jr. member

Activity: 117

Merit: 5

As a good and experience trader, I believe taking profit shouldn't be hard and it takes discipline to do. Immediately or before you take a trade, you should always have a predetermined exit price in mind, and once price hits that price level, just take your profit and leave the market.

motun01

member

Activity: 431

Merit: 18

Taking profits should never be a hard thing for an investor especially if you want to be a successful investor, profits on paper means nothing if you are still exposed to the volatility of the cryptocurrency market and such profits can be taken away from you if the price dips, which can happen at any moment.
So its best to take profits as you see positive gains, keep your profits in stable coins and you cab reinvest when you see better lower prices

fullhdpixel

hero member

Activity: 2828

Merit: 611

Quote from: Cling18 on May 13, 2021, 12:12:57 PM

As for me, it's still better to set a target goal and sell when you have reached it. Sometimes, greediness could take everything from us. Reaching our target profit is more than enough because profit is still profit no matter how big or small it is.

Every market relies on the actions that the traders in that market takes (human psychology as we usually do see), but how do you know when people are in a particular state of mind? You can’t even tell when and how, so what makes you so sure that it is easy to trade cryptocurrencies? It is not.

Anyone can decide to sell at anytime and that doesn’t determine their mood at that moment, it can just be that what they want to do at that moment is to sell due to they need that money for something else. So you’re totally wrong, the way you have put it is not how it’s going to be working.

Johny9829

newbie

Activity: 57

Merit: 0

Yes always if you don't have knowledge about what is good pick

conected

hero member

Activity: 1302

Merit: 503

Quote from: v3liana on May 12, 2021, 07:39:52 PM

What can i say is "almost everyone is greedy". When you have made a target, for example "X2-X5 is enough". But when GOAL was reached they were still greedy and didn't immediately sell their coins. When the price of their coins fall and they started regretting their decision.

- The fact now is a concrete example, too many altcoins achieve the highest milestones in their career paths, investors also maintain a large profit through holding but in the end, they are always late in taking profits, their psychology lacks consistency with their goals due to the daily predictions that are raising the frequency of their greed. And the profit will disappear like bubbles, it is broken when flying high, this market has warned too much and given everyone time to profit but too many people still don't know enough and satisfaction

Cling18

full member

Activity: 1708

Merit: 126

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time. its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

Some investors aren't contented with their expected profit and they're even aiming for more that sometimes result in losses which isn't a smart move. As for me, it's still better to set a target goal and sell when you have reached it. Sometimes, greediness could take everything from us. Reaching our target profit is more than enough because profit is still profit no matter how big or small it is.

m. yasir

full member

Activity: 420

Merit: 100

analysis in determining investment is very important. any type of investment is definitely aimed at making a profit. however, if you have started investing it means that you are ready for all the risks you take. Hold or sell, profit or loss is the decision you make.

Pelana vreo

member

Activity: 744

Merit: 10

Syntrum.com

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

-snip-

There are many decisions to think about when seeing the price of the coin we hold increases.
I will sell 70% of the coins that have reached the target selling price I have set, then hold the rest for the long term, there are lots of new altcoins and I think there are lots of opportunities to buy at low prices, patience is the key to have when we are see some portfolios have gone up and are profitable

soul-impact

hero member

Activity: 854

Merit: 500

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time. its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

My advice is to set goals for yourself. Once you reach your goal, stop, then you won't regret it because it doesn't belong to you.
Set goals and be patient every day to achieve it. When participating in investments you must be calm and wise. I know it's hard for us to control our best friend's ambitions. But try to be up, you will succeed.Set goals and be patient every day to achieve it. When participating in investments you must be calm and wise. I know it's hard for us to control our best friend's ambitions. But let's try, you will succeed!!!

v3liana

full member

Activity: 658

Merit: 101

What can i say is "almost everyone is greedy". When you have made a target, for example "X2-X5 is enough". But when GOAL was reached they were still greedy and didn't immediately sell their coins. When the price of their coins fall and they started regretting their decision.

Asuspawer09

sr. member

Activity: 1638

Merit: 425

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time. its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

That's actually true most of the time aiming for a much higher price in the market or being too greedy could be a bad move and could result in a long wait.

Let's face it it's difficult to hold tokens in the market especially in altcoins because we don't know if it's gonna be worth waiting or holding that coin, in Top cryptocurrency maybe we could have a bit of assurance but in other altcoins, it is always a big risk.

So the best strategy here that I learn in my experience is it is not actually that bad to take profit when the market price is pumping because most the other investors would recommend selling at x10 or holding for years especially if you do daily trading and you're always into the market looking for an opportunity. It actually depends on your strategy because some investors are working or have their job so they don't have time looking in the market or news just to know everything about the market.

NorvsGanda

full member

Activity: 445

Merit: 100

Well for me, it should be hard to take profit in any field or industry. Quick rich mindset is a big no no for me because nobody grows with that kind of thinking. If you are earning too easy and with no difficulties, maybe there is something wrong. You don't know ot for now, sooner or later you will.

arapgeceleri

member

Activity: 378

Merit: 10

it is not easy to make a profit. Actually, it is considered as easy, but it is a very difficult decision. Someone who wants to get a profit must first set a realistic goal for himself. If his goal is unrealistic, he cannot decide to sell the invested coin no matter how high it rises. Therefore, in a sudden drop that happens until he makes a sales decision, he may even lose money while trying to make a profit. strong psychology, realistic goal are very important factors.

motun01

member

Activity: 431

Merit: 18

Professional traders and investors always have predetermined levels for taking profits. This could be a psychological level, a price extension level using Fibonacci extension tools or any other technical tools out there.
The difference between the professional traders who make consistent profits and mist people on forums is that, they execute the sells at all the predetermined levels and are content with the profit that they make

efreeti

full member

Activity: 350

Merit: 104

Quote from: Republikcoin.com on May 02, 2021, 06:09:54 PM

now there is a trend of buying shit coins with a small nominal value, usually people buy under $ 5 and get millions of shit coins in pancake swaps. In general, Take Profit can be done after the token is pumped so it is easy for buyers to get 100% - 500% profit.

All buyers can get their money back to $ 200 to $ 300 in short time. However, it takes a fair amount of research to find out which shit token actually has the potential to earn us big profits, because this type of coin is so unpopular and isn't even listed on coinmarketcap.

No it is not easy for every buyer. For every seller there must be a buyer to pay the 500% markup you are talking about there. A few will make those gains and a lot will just lose money because out of a sudden the order book goes dry and nobody can sell anymore at good prices.

Republikcoin.com

legendary

Activity: 2716

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

now there is a trend of buying shit coins with a small nominal value, usually people buy under $ 5 and get millions of shit coins in pancake swaps. In general, Take Profit can be done after the token is pumped so it is easy for buyers to get 100% - 500% profit.

All buyers can get their money back to $ 200 to $ 300 in short time. However, it takes a fair amount of research to find out which shit token actually has the potential to earn us big profits, because this type of coin is so unpopular and isn't even listed on coinmarketcap.

strunberg

sr. member

Activity: 1344

Merit: 335

#SWGT PRE-SALE IS LIVE

Quote from: MadeMen on May 01, 2021, 11:21:43 PM

With the bull run in place, it's actually difficult making a decision and standing by it. Most times we tend to regret not waiting a little longer to get much more return on our investment. I recall selling my dogecoin during the first pump and had to buy higher when the pump persisted. I sincerely wished, I held on the to the doge I had and would have made much more from the pump.

every one must thinking they were regret when selling coins to early. doge for easy example ,due its pumped hard much doge seller regret very hard now. all of crypto community never imagine doge could hit current price. overall when we hit our target we must be thankfull with everything we got , dont be greedy because want huge profit in a day. remember crypto didnt make us rich only in a night.

efreeti

full member

Activity: 350

Merit: 104

Quote from: harapan on May 02, 2021, 08:34:47 AM

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time. its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

Greed is the reason why taking profits is really hard for alot of people, it's human nature to always want more, that's why you see people holding onto a coin for too long even after getting their target profit, only the disciplined traders or investors don't hesitate to cash out of the market when they have had enough profits, so the solution to this is simple, just learn to be satisfied with whatever profit you make from a coin, it doesn't always has to be 100x before you thinking of taking profit.

Yes you set a target and are happy with your decision and once the coin hits the target you just don't execute according to the plan you actually made.
It is as if it was a totally new situation although it is the one you already anticipated and made the plan for. That is nothing but human psychology.

Topic: taking profit can be hard sometimes. (Read 1583 times)