taking profit can be hard sometimes. - page 4.

Pamadar

legendary

Activity: 2982

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Quote from: Amejoaquim on April 27, 2021, 10:19:11 PM

We just need to set our goal so we don't lose opportunity to sell.

I personally, when my target has been reached im gonna sell it with no regret, even though the price rise after i sell i will not regret it because my target already achieved.

Good mindset! why bother yourself regretting selling too early if you already achieved your set goals.

Better than being greed and missed out the opportunities when sideways happened. Lots of traders lose their money in this kind of
decision making, instead of being contented they choose to push for more. End outcome turned against them and they'll regret it in the other way.

jerrison

full member

Activity: 1442

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let it be known today that he who does not take profit has not made profit irrespective of what profit has been observed as a result of price speculation. People who do not take profit easily see the prices of their investments go from 100% to -100% and then they get to regret not taking profit. Always ensure to take profit.

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.

wiss19

sr. member

Activity: 2296

Merit: 348

Quote from: ringgo96 on April 28, 2021, 01:25:44 AM

Trading must use analysis, if you use analysis, you will definitely be able to benefit, how your trading technique or investment must be correct.

Yes, only through technical analysis we can be sure about our trading or investment will be correct and profitable and if we are into trading or investment without technical analysis then that is just gambling. We are all know what are the results gambling can give usually.

Quote from: ringgo96 on April 28, 2021, 01:25:44 AM

in a bull market like today shouldn't you get high profits? from the results of trade or investment. if it is not certain there is something wrong in your method of investing or trading. learn more by reading books and the internet

I believe making profits in bull market is too easier but people are going greedy when their profits keep growing and that is the reason they are hesitating to book profits and leaving their trade open which again turns negative as pumping is not happening continuously.

efreeti

full member

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Quote from: Amejoaquim on April 27, 2021, 10:19:11 PM

We just need to set our goal so we don't lose opportunity to sell.

I personally, when my target has been reached im gonna sell it with no regret, even though the price rise after i sell i will not regret it because my target already achieved.

It is also ok to adjust the goal frequently. If you get to find out any news or changes in the team or the code, it's important to include it into you considerations. Not necessary to start from zero again with your thought process, but an iteration of your opinion is key to achieving your peace of mind when in fact you decide to take some profit.

One problem I personally see is hesitation. If you hesitate too long and don't develop and execute a plan, you will be left with bad emotions in the end. Better make a clear cut decision and stick with it. Sell 25% or maybe 50% and see the profits you made as a new opportunity for another investment even if you sold too early.

Having some liquidity available yourself is worth a lot. You see some new project but damn it, all you have is tied up in this other project you liked so much and that started losing value yesterday. Now you hope it recovers while you watch the other project gaining traction.

Less emotions more rationality is my credo, but I admit I also had to learn it the hard way.

ringgo96

sr. member

Activity: 1582

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PredX - AI-Powered Prediction Market

Trading must use analysis, if you use analysis, you will definitely be able to benefit, how your trading technique or investment must be correct.
in a bull market like today shouldn't you get high profits? from the results of trade or investment. if it is not certain there is something wrong in your method of investing or trading. learn more by reading books and the internet

Rampagoe004

sr. member

Activity: 1568

Merit: 324

https://duelbits.com/

In investing the risk that we receive is so great that we must have a strong mentality in the face of market movements, In investing we must also throw the greed that is owned by every human being because many who get losses due to their gluttony in gaining large profits, then this is what causes us sometimes difficult to get profit even in small amounts.

Gayong88

member

Activity: 1540

Merit: 22

In my opinion, only 2 dominant patterns are used in my opinion. firstly investing in the long term and secondly the short term pattern. I have tried both myself. if it feels the same, but the difference is different in terms of return on profit and profit.

Amejoaquim

full member

Activity: 924

Merit: 100

We just need to set our goal so we don't lose opportunity to sell.

I personally, when my target has been reached im gonna sell it with no regret, even though the price rise after i sell i will not regret it because my target already achieved.

llecrf

jr. member

Activity: 420

Merit: 1

Quote from: firmino10 on April 27, 2021, 06:03:17 PM

I see a lot of people complain about taking profits being hard but the only reason why taking profits could be hard is because of Greed. If you research a coin properly before buying it you should have a clear plan that is, you should have a entry points and a predetermined exit points. by doing this you won't have any headache of when to take profit

Yes, doing research is something that has to be done before investing, but when we have already made a little profit, we want to make a bigger profit, that's where I learned, getting a little profit is better than not making a profit.
Right now I'm starting to invest in top coins and trying to trade with a small profit target which I think is enough to buy 2 cups of coffee Wink

Adreman23

full member

Activity: 1366

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SOL.BIOKRIPT.COM

Taking little profit strategy I would say is not effective today. Specially if you hold your crypto for a very long time and you will sell only for little profit. In this bull run almost all good coins are flying i think the good strategy now is just hold and wait for ATH before selling. Many are now regretting because they sold their cryptocurrencies too early.

yua_na

full member

Activity: 434

Merit: 175

This is why you need to set your own goal and not be greedy about it. Dont look at other people, they are different, they have their own goal. My strategy to take a profit is, " if i get my own goal set and then i reach it. I will never looking around and then move to another target "

Remember : there are always chance in the market every day to take a profit, this is not gambling. This is trading which use strategy and risk management.

cabron

hero member

Activity: 2800

Merit: 595

https://www.betcoin.ag

Quote from: ?? on ??

I really know this feeling, sometimes we expect profits, but the fact says different. There is no profit if that is still on coins, there is no loss if it is still on that coin.
Everyone has their own standard in getting or taking profits. however mostly, it is about the manner of strategy, analysis, and also self-management.
Sometimes,s it is so easy to take profits, but sometimes it is too difficult. This is normal because we cannot predict the market so exactly. There is no prediction that is 100% true.

Its actually a profit if your coin increased. You don' count your profit in USD if you trade in BTC.
Say your capital is 0.5BTC ($27K) and then after trading and you gain at 0.001 and that made your coins 0.501BTC. If the price of BTC falls like $40K, you could only have at least $20K something. But it's still a profit because you now have 0.501BTC, you just have to wait for BTC price to go up. Hard to see it if you prefer to see an increase in USD value.

gabbie2010

sr. member

Activity: 2590

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Vave.com - Crypto Casino

Personally I had twice been hit hard for not taking profits at the appropriate price due to my greediness, the price reversed or pullback while I angrily closed the trades with a small profits, I believed this is one of the major cause of losses in trading or hodling cryptocurrencies, a lot of them especially newbies wants to make X10, X20 etc profits forgetting that price corrections can wipe out all the profits so far within the shortest period of time, Personally I had learn to take profits no matter how small it is because half a loaf is better than none.

rajakulam

full member

Activity: 616

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it's all because most investors are greedy so they fall into big losses in investing or traders, in crypto investing we have to be patient and also be grateful for the benefits we get even though our profits can be classified as small, because of the 2017 experience, many investors are frustrated because of their greed

firmino10

member

Activity: 372

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elysian.finance

I see a lot of people complain about taking profits being hard but the only reason why taking profits could be hard is because of Greed. If you research a coin properly before buying it you should have a clear plan that is, you should have a entry points and a predetermined exit points. by doing this you won't have any headache of when to take profit

MUG1WARA

full member

Activity: 1008

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Quote from: ?? on ??

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.

Taking profits is hard but a necessity if you must become a successful trader. Only greed can make us not take profits when we can

its really hard just take profits and walk away sometimes because of our human emotions of how we would lose out if the coin continues pumping, alot of traders find it very difficult to close a winning trade cause they are greedy and want more profits from that trade, this is where having a target profit helps out, cause by having a target profit you will never find it hard to take profit.

ShowOff

legendary

Activity: 2618

Merit: 1181

Quote from: Ureung jameun on April 27, 2021, 04:45:18 PM

actually it is not difficult to get a profit, but many people always feel that they are not quite satisfied with small profits, and want large profits so that while waiting for it to rise further and it turns out the price is falling or cheaper. so they should have gotten a little profit but because they wanted to be bigger, in the end they didn't get anything.

Taking advantage of trades is not as easy as you think if the trader doesn't understand the market. There are many thing that make it difficult for trader to take advantage of the market as it has been repeatedly mentioned. So without knowledge, experience, analysis, it will be difficult to produce something like the target you want. It is possible to want bigger profit, but you really need to have expertise in doing fundamental and technical analysis.

efreeti

full member

Activity: 350

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Quote from: Ureung jameun on April 27, 2021, 04:45:18 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.

actually it is not difficult to get a profit, but many people always feel that they are not quite satisfied with small profits, and want large profits so that while waiting for it to rise further and it turns out the price is falling or cheaper. so they should have gotten a little profit but because they wanted to be bigger, in the end they didn't get anything.

It can go in both directions, sometimes you don't sell and the coin crashes and sometimes you do sell and the coin goes up. Better to have to too many emotions and ask yourself whether the profit you could take was what you expected or even more than that. It's better to take at least some of it then. No need to sell everything!

Ureung jameun

member

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Trident Protocol | Simple «buy-hold-earn» system!

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.

actually it is not difficult to get a profit, but many people always feel that they are not quite satisfied with small profits, and want large profits so that while waiting for it to rise further and it turns out the price is falling or cheaper. so they should have gotten a little profit but because they wanted to be bigger, in the end they didn't get anything.

bitcon

legendary

Activity: 2212

Merit: 1008

To be not just a participant in the crypto world, but an active user, you need to feel the mood of the market. First, you need to understand what you want to get in the end. Based on this, determine the product that can really bring profit.
Monitor price movements, learn as much as possible about the project.
Check website, backlinks, telegram, twitter. You should check everything!

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