taking profit can be hard sometimes. - page 10.

YOSHIE

legendary

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

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

People who are successful in long-term investing, they often do it with cold capital / money.

If you don't invest with cold money generally you will regret it later, you know what I mean by cold money.

Example:
As I saw in one of the members who talked about investing in Doge coins, he bought them in 2019, when the price of Doge was $ 0.003 he doesn't remember anymore, the money invested was around $ 800.
Yesterday he opened his trading market and saw the doge price of $ 0.08, how many times the profit he got.

Well, this story could happen to you and me, only, most people do it with hot money, needs and sells everything, when the price of the coin goes up, sorry, that's the weakness of every human being, doesn't have a fixed target.

Coinsfera

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Quote from: doctor877 on February 14, 2021, 06:06:26 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.

The experience of cryptocurrency holders changed massively in December 2020. Bitcoin was trading above the levels which it was in 2017 and many people did not see it through. The gains after 3 years are too long for bitcoiners. But this changed everything about cryptocurrencies. They began to think that they (who had bitcoin in 2017) waited for 3 years, why should not I wait for more than that?! Now some people do not care about the daily ups and downs. They do not hurry to sell their coins with a 10% decrease in price. It is like they got immune to lose by observing how others did during 3 years. However, it is not true for daily traders. They are here to take profits. They buy when candles are red and sell when candles are green.

lousie9

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yes, I think every investor before investing in any coin must be the result of their own research and also have a sales target that they have set in advance. but in many cases it doesn't always work, especially when the price of the coin goes down people start to panic and sell at a loss (although it's not all like that), some are impatient and sell as fast as possible etc ...but for me personally when my coins go up then I will sell some and use my profits to invest in other coins.

New_order

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Taking profits is only hard for the greedy people, there is nothing you can say that will change their thoughts until they become a victim and they will learn from it, this happens to me too but that's a long time ago, now every ROI is an opportunity that won't last for long, no matter how small be willing to take profits

Winscosinally

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Of cos, taking profits can be hard if you haven't lose while trying to reach a target, I can boldly say that I've never for once make any reasonable amount of money from crypto when I used to be so greedy, I always want to make the best profits so I kept holding my coins untill they all become useless, I got angry and decide to never hold coins for too long no matter how good they coins look and it changed my life for the better

tvplus006

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

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

Many people take profits in parts, but I prefer another strategy that allows you to maximize the profit from the transaction. When the coin price goes up, I just move the stop loss higher and thus keep the profit if the price suddenly goes down. Thus, I do not limit myself to the price already reached and am ready to get even more profit.

aprilnot

full member

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actually not too difficult, the most important thing is to believe in the decisions taken. many people find it difficult to take profits even though they have already made a big profit, because he hears too many suggestions. sometimes asking people for their opinions is great, but too much will only make you doubt. in the end you will find it difficult to make decisions.

huu78

sr. member

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that's true, we can't make consistent profit every day, this is not the same as you work and get a salary every day so when you have the opportunity then maximize that opportunity because you can't get the same every day.
and the opposite you can minimize your lose as little as possible.

matjas

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One of the limiting factors in some countries is also tax laws which make your profit withdrawals much harder. In some EU countries they consider you as a full or part time trader and you have to pay all the costs towards the country. Thats why its sometimes not an easy decision to deposit your earnings on a bank.

trauchot

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I agree that many investors and traders have this, and unfortunately everyone goes through this and many do not understand that you need to get out in right time, well, of course, everyone has their own goals and therefore everyone decides by himself when to sell his cryptocurrencies, for example, when I see that my profit has doubled, I am already withdrawing some part of my investments in order to be with good profit already in any case, someone does it differently, each has its own strategy and goals.

Smitty Werben Man Jensen

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Quote from: ?? on ??

Greed and also not being patient is one of the reasons why many traders today are losing money. I think people who trade have their own targets for take profit. if we buy without a purpose, of course we will get a loss. I suggest you to learn technical trading first so you can get the right position to sell or buy it. trading is not just buying or selling. I was also in that phase before

When we trade, of course we have to have a strategy because without it we will not profit and even lose,
and patience is one of the strategies, with us having the patience we know when to sell or buy and other things related to trading,
the most important thing is we have to learn from experience so that in the future we can get big profits

jorjeIII

jr. member

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Quote from: aryana42 on February 15, 2021, 12:57:04 AM

Quote from: deean_3one on February 15, 2021, 12:28:20 AM

I agree with you, we have to set a price to sell coins. If the target is met it is best to sell some immediately, and some of it remains invested. A person's greedy nature can lead to a fart that should be obtained instead of just leaving. It was caused by greedy traits that wanted more profit but reality said another. The expected higher price instead fell to the bottom, so he could not sell the coins.

Yes, but that only happens to people who do not have the patience in investing and trading, because when the price has fallen and has not reached the desired target, all you have to do is hold it and wait for the price increase to return to the price point that we have determined.

In long term price of Bitcoin growth. It is necessary to be very patient and wait till the price will grow.

It is very important to carefully check all the tokens before investment. Tokens must be in demand that their price would grow in future.

There are ecological projects. Here is described how it is important to protect the nature https://moss.earth/blog/

I think that it is important to protect the nature, that is why the demand in such projects will be big in future.

Viscore

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Taking profit is making money, and making money is hard.

Investing has two results only, you either loss or end up profitable, that is if you know how to end it well.

There's no we can hold shorter and aim for a bigger profit, it should be a long term hold, however, there are times like what we are witnessing now, which is the bull run, it gives us an opportunity to sell at a good profit percentage and it's up to us if if we sell or not, but we should understand that delaying the selling is too risky as bull run does not stay for long, so you should be smart and do the right thing.

cafee_orange

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Quote from: doctor877 on February 14, 2021, 06:06:26 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.

someone's desire to invest is to seek a lot of profit, but not everyone gets these benefits due to impatience in waiting for a long time, too forceful in taking the results. some of them even panicked and withdrew their money. investing in the long term will certainly get maximum results, by doing so of course investors will get the results of their work.

aryana42

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Quote from: deean_3one on February 15, 2021, 12:28:20 AM

I agree with you, we have to set a price to sell coins. If the target is met it is best to sell some immediately, and some of it remains invested. A person's greedy nature can lead to a fart that should be obtained instead of just leaving. It was caused by greedy traits that wanted more profit but reality said another. The expected higher price instead fell to the bottom, so he could not sell the coins.

Yes, but that only happens to people who do not have the patience in investing and trading, because when the price has fallen and has not reached the desired target, all you have to do is hold it and wait for the price increase to return to the price point that we have determined.

aioc

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Quote from: doctor877 on February 14, 2021, 06:06:26 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.

Experience is the best teacher, when it comes to trading you are always faced with your greed and your desire this is not easy sometimes your feeling gets better over the right decision, once you've experienced everything, you can control your greed and you will have an insight on what to do when face with this kind of situation, I'm not saying you shoulds cast caution to do the wind but do make an analysis and learn from every lesson that comes along.

marilynmanson21

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Quote from: virasisog on February 14, 2021, 11:50:08 PM

People can't be satisfied, sometimes we set a certain price where we should be making a profit. However, greed comes in and you set another price to sell what you are holding and most of the time we end up with a lesser profit. In crypto being greedy most of the time gives negative outcomes. Take your profit, there is no point holding for too long or setting up higher expectations on a certain coin.

Greed is a mistake that is often made by traders, greed and breaking the rules that have been made

. If you are not sure about investing or trading short-term, then prefer long-term investing, long-term investing is not much different from trading, because you are buying and selling, it's just different from the time frame you use.

deean_3one

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Quote from: sangkler11 on February 14, 2021, 06:25:43 PM

I think it's because the nature of most humans(trader and investor) is greedy and less satisfied with what has been achieved. the key is we must have a target price.

I agree with you, we have to set a price to sell coins. If the target is met it is best to sell some immediately, and some of it remains invested. A person's greedy nature can lead to a fart that should be obtained instead of just leaving. It was caused by greedy traits that wanted more profit but reality said another. The expected higher price instead fell to the bottom, so he could not sell the coins.

virasisog

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People can't be satisfied, sometimes we set a certain price where we should be making a profit. However, greed comes in and you set another price to sell what you are holding and most of the time we end up with a lesser profit. In crypto being greedy most of the time gives negative outcomes. Take your profit, there is no point holding for too long or setting up higher expectations on a certain coin.

Anonylz

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Quote from: mekar sari on February 14, 2021, 11:25:58 PM

need good analysis and accuracy to get profit easily always follow the development of a coin that we invest from there we might be able to know situation coin can potentially go up or down if it doesn't have good movement, my advice is better invest in top coins because have power in everything and easy to profit

Why do you need Analysis to take profit, how hard can it really be for an investor to decide to take a little profit from their investment! I don't see why anyone would need Analysis to do this, you already know your trade details (your buy in point) and what has accumulated overtime as profit, all you need is decide the % you want to take and leave the rest as roll over.

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