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
Topic: taking profit can be hard sometimes. - page 11. (Read 1552 times)
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.
kindly share your ideas that might be helpful to solving this issue.
It's hard because human is greedy by nature. They have x coin and already gains x profit but they want more and keep holding only for the price to go down later. I myself have experienced that kind of situation back at 2017 so right now my strategy is to set a target price when i buy coin/token and sell some to earn the capital back + half of the amount remaining to take profit. I keep holding the rest if i think the price can go higher but i already earn my capital back + profit so if the price goes down then i won't be dissapointed and if it goes up then i won't regret it because i still have some.
taking profit ALWAYS can be hard, why?
because we never know the REAL right time to sell or buy the coin we want,
every altcoins can increase or decrease in anytime, that's why we cannot taking profit easily.
because we never know the REAL right time to sell or buy the coin we want,
every altcoins can increase or decrease in anytime, that's why we cannot taking profit easily.
In fact, ideas like this have been done a lot, however, the greed that exists in humans sometimes makes us think that small profits are not very satisfying. however, patience and gratitude are the keys to it. it's just that, holding it for a long time is also quite difficult when there is FUD everywhere.
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.
Its become harder again when everybody tell about the fomo about the project we invested on. Feel like hard to sell "diamond" except you need the money at the time, isnt it?
People should have target and when it already achieved their target and they must sold at least a small parts from their investment.
some traders and investors find it hard to take profit even after making good profit on investment.
They need a calculate it when the percent number of target. when they don't have that I believed they will lose the money. just for example when Doge had 5% up they must sell it and take it down for awhile, then buying back at a low from 5% correction. 
Well greed is one of the things that makes us human and one does not necessarily have to put in so much to be seen as greedy. A help is to always have it at the back of mind, that no one can ever have it all, no matter how hard they try. Informed decisions should be the way forward and no decisions are set on stones.
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.
Its become harder again when everybody tell about the fomo about the project we invested on. Feel like hard to sell "diamond" except you need the money at the time, isnt it?
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.
kindly share your ideas that might be helpful to solving this issue.
Not some of us but the majority of traders and investors are experiencing and suffering from this, it all goes down to greediness, it's just human to want more but when it comes to a highly volatile market like Crytocurrency it becomes a trap, I have a lot of regrets extending on what I want more, and I also highly recommended what you recommended to always take out your investment and content with a small profit if you are not ready to put yourself in a high-risk situation.
It should not be hard if you have a target and you are not greedy.
GREED is the main reason why we have doubts on selling because we want more, we already make a profit when we sell but still hold because of that greed but we don't know what's coming, so it could happen that the time will come that we regret for not selling, which is not good.
Emotion has no room when it comes to trading, all your action should be objective.
GREED is the main reason why we have doubts on selling because we want more, we already make a profit when we sell but still hold because of that greed but we don't know what's coming, so it could happen that the time will come that we regret for not selling, which is not good.
Emotion has no room when it comes to trading, all your action should be objective.
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.
kindly share your ideas that might be helpful to solving this issue.
It's really a good idea and highly recommended to take out the seed investment so if anything happens you are safe, in a highly volatile market we need to moderate our greed, get your seed profit out, and those that remain just let is for long term profit, just make sure you sell there is a hint when the market or the coin is crashing.
It's not hard. As long as you get a good amount of profit, you take them out. You don't have to be greedy when taking out profits. As long as you have more than the break-even, you are good man.
The more you become greedy, the harder for you to take profits. You regret that what if it gets higher tomorrow or later, forget about that mindset. If you tend to hold then just forget about selling at the moment and hold it. But if you tend to trade and enjoy your money and investments, get the profit at any percentage you are satisfied as long as it's existing.
The more you become greedy, the harder for you to take profits. You regret that what if it gets higher tomorrow or later, forget about that mindset. If you tend to hold then just forget about selling at the moment and hold it. But if you tend to trade and enjoy your money and investments, get the profit at any percentage you are satisfied as long as it's existing.
Just follow the market, your target may vary depended on the price that already achieved in the market. Never try to be greedy person by putting a lot of money on it. Remember this you can also try to change your target if the price of coin already surpassed your target but you must have sold some of your coins to avoid the dump that could happen anytime.
Just think about to get back your initial investment and then keep the rest to be sold in a higher price if the coin has potential to achieve it.
I know that if that's a very difficult thing but you can do that dude.
Just think about to get back your initial investment and then keep the rest to be sold in a higher price if the coin has potential to achieve it.
I know that if that's a very difficult thing but you can do that dude.
Not all crypto lovers are investors and traders, before entering the market, therefore you should have your target and know exactly what you are out for, in the crypto space, we have day to day traders( short term) and investors (long term) where traders trade and take out profit in a short period of time, you should know exactly that while watching your trades, on the other hand, investors are long term holders who fears not even if the price of coin keeps falling, with these characteristics, you should place yourself where you think you can find it possibly for you to accumulate your portfolio.
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.
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.
kindly share your ideas that might be helpful to solving this issue.
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