taking profit can be hard sometimes. - page 2.

harapan

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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.

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.

JohnBitCo

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Quote from: MadeMen on May 02, 2021, 12:21:43 AM

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.

If you have a proper money management strategy then it will not be hard to take the profits. I usually take profits in chucks and not all at once. If the coins reaches certain percentage, i take out 30$ of my investment. When it further moves up, i take out 50% of my investment and let only 20% of my investment to ride further in case the coin is giving parabolic returns.

ijeb

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Indeed, it can be hard for a day trader that is following more ever 1h charts but it is not really that hard if an exit point is established since the start of the trade.
Trading for longer periods of time comes with a benefit of a more reliable and accurate trading analysis. If correct levels of supports and resistances are set you just have to follow them but with a management risk in case of dropping to the next level support.
Emotions can have a negative impact on own trades.

Bravehash

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Taking profits isn't hard unless you don't know what you want, if you are greedy you will end up losing, you invest 100$ and the money turned to 1000$ how is that not good enough? That's 10x, take profit and invest in other projects that haven't surge yet

MadeMen

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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.

the rise

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Quote from: bitcoin_paypal on May 01, 2021, 06:30:40 AM

Its always hard. Fear of missing something is too big during bull runs

I think he is a new man in the world of trading, a new trader will surely be afraid of the bull run train, even though the bull run is not over, we do not know the future , just believe in the assets we have.

the rise

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Taking advantage is about patience. How patiently you can hold it, I understand there's a lot of bad news out there, but be pretty sure with predictions and wait patiently to make a targeted profit.

MFahad

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Quote from: SistaFista on May 01, 2021, 12:38:20 AM

Quote from: Atang Sulaeman on April 30, 2021, 11:20:49 AM

It is difficult and it does not depend on all of us, as long as we always research and understand the signals of rise and fall. if lucky gains will come and losses will be little to gain,

Depending on luck alone in trading is not a good way, to taking profit on trading, we should learn some basic analysis techniques.
But if we don't want to bother learn that, we can just invest on the coin/token that we trust, and hold them until the project successfully enter the top market.

Mostly people face two types of problem in trading. Either they do not take profit when the coin reaches it ultimate top and keep on hoping that it will move further up or they take profit too early ans miss the chance to gain more profits. In both of the cases, if you learn technical analysis you will be in a better position to take the profit at right time.

jerlen17

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In my own experience, I can honestly say that for me it is. Before i invest, i did some research, asked my friends whose more knowledgeable about crypto world than me, took their advices to do's and don'ts. Even i tried these ways of mine before investing. Sometimes I failed, lose my investment and no profit at all. But it is okay, because i do believe in saying that you have to try and try until you succed.

Kelvinid

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Quote from: bitcoin_paypal on May 01, 2021, 06:30:40 AM

Its always hard. Fear of missing something is too big during bull runs

It always hard if you always think about losses and if you don't want to improve your trading skills. It is very unlikely how pro-traders think in which they very optimistic and they don't stop learning as that only the way to help to increase the chances of earning more. They are not contented and that encourages them to work hard.

Because if your mindset is to earn more, you'll never think about a HARD situation but instead, to find a way to make it easy. That is what we supposed to do rather than being negative all the time.

Bilgent

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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.

Yeah and people actually shouldn't be too greedy. If they set a goal to reach, they should take the profit after seeing the price there. Because after that level, things may not go on good for them and they could even go back to where they started.

Beparanf

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Burpaaa

Quote from: bitcoin_paypal on May 01, 2021, 06:30:40 AM

Its always hard. Fear of missing something is too big during bull runs

This for newbie trader. Pro trader always set take profit target using fibonacci. They set different price level to take profit so that if the price still go up, they can still sell some of there coins at higher price without having fear of missing out. Profit is profit its hard to take loss during bear market.

bitcoin_paypal

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Its always hard. Fear of missing something is too big during bull runs

Zanab247

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It hard to take profit sometimes when you missed the road to success. It hard me to earn well, some years ago until i go back to personal research to know the causes and how to avoid them in the areas of investment.
Since we came out from lockdown, I found it easy to make a good profit from my altcoins investment.

Fivestar4everMVP

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For someone who is in a hurry to sell and knowing that the price can still go up, I agree with the idea of talking out your investment and then leaving the rest to mature or grow to your desired price.
But on a more general note, personally, setting a target and standing by it is a more healthy habit to learn, this I've learnt from my experience over the years in crypto, if I had practiced this habit before now, by now, I would have made a lot of money for my self, I've always been very hasty to sell my holdings as soon as i see a little profit, but this year's bull run I've taught me to always set a target and try not to sell until I meet that target, and I think this is what every body should learn, in a time when you are in dear need of money maybe for some reasons, you can take out your initial investment and leave the rest to hit your target price.

Synerggy

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People will never be satisfied with whatever they earn, it takes lot of disciplines to handle greed and feel satisfied when you take profits, some people will force themselves to take profits because people around them are warning against not taking profits but as soon as they did that they never feel satisfied

MishaMuc

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I guess the main issue is, missing out on profit hurts more than taking a loss.
I do set my take profits before I open a position if I am actually in for trading a coin.

infer

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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.

I think it's up to everyone. Very greedy people, once they have achieved what they want, will continue to demand more than that.
It's important that we set goals, we have to be disciplined with our best friends. And try to curb greed. That way we can take profits.
It's hard to say it's easy to do!!!

Argoo

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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.

One of the most difficult problems in cryptocurrency is making the right decision in time to withdraw funds to fix profits. Since the price movement of cryptocurrency is very bad to predict, we all make mistakes in this and no one will be able to avoid it. Therefore, possible losses should be treated as inevitable costs when working with cryptocurrency and rejoice at even a small profit.

SistaFista

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Quote from: Atang Sulaeman on April 30, 2021, 11:20:49 AM

It is difficult and it does not depend on all of us, as long as we always research and understand the signals of rise and fall. if lucky gains will come and losses will be little to gain,

Depending on luck alone in trading is not a good way, to taking profit on trading, we should learn some basic analysis techniques.
But if we don't want to bother learn that, we can just invest on the coin/token that we trust, and hold them until the project successfully enter the top market.

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