taking profit can be hard sometimes. - page 5.

pinggoki

sr. member

Activity: 1498

Merit: 416

★Bitvest.io★ Play Plinko or Invest!

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.

Actually, traders and investors are aiming for big profits that's why sometimes they are having a hard time on it. All of the people are greedy let me honest on this one, because if the people are not greedy then the small profit will be enough already but sometimes as long as the people are having a good profit they are aiming more and more until sometimes they didn't notice that they are losing already. What I am trying to say is that if you've got profit then you can go out already and find again other investments that you will put your money into long-term investments. That's the life you don't need to be greedy in order to earn a big profit, sometimes right decisions are the best way to do.

ReliabilityAlert222

member

Activity: 145

Merit: 10

Not only sometimes but also most of the time taking the good profit or desired profit is hard. I think this happens only because of greediness. When an investor thinks that I will sell something at a price range and he sells the coin at that price with making some profit. But when that coin passed the predicted price range after selling then something happened to his mind that I can hold my coins for a few more days and can make more profit. As a result, if he has multiple coins then he tried to hold that coin. But not all are going the same way. Because of the holding price drops and he faces a loss. So, Every holder has to play with their brain not mind.

Kezacky

member

Activity: 744

Merit: 10

https://www.enterapp.io/

It is very easy to take advantage in this market situation, and another important thing is that people often lose or cannot take advantage because they are not satisfied with themselves or are greedy. Investing must have a target, and you only need to be content with what you are getting, better than losing profits on holding.

Jesabela04

full member

Activity: 540

Merit: 100

BountyMarketCap

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've been that kind of person in my beginning years in trading and investing which cost me huge amount of losses which I really regret about. Sometimes, we really have to commit mistakes for us to learn. From then, I learned how to set a certain goal and sell once I reached it. I have also learned how to be contented in my target profit because sometimes, greediness could lead us to worse situation.

jostorres

hero member

Activity: 2464

Merit: 585

Quote from: ?? on ??

Quote from: Samayuki on February 20, 2021, 09:08:57 AM

It's the same mentality I always had and that costs me alot in 2017 bull run, I saw my portfolio in big profits but I wasn't satisfied enough, I desired to have more and more until January 2018 when the almighty bloodbath began, now I'm a different man, I take profits and my life have changed since then, greediness is a big disease

From your statement we may conclude that evaluation and learning from mistakes is one of the keys. Most of the benefits come through people who always learn and don't give up. And only a few are obtained by luck. So don't ever depend on luck

I have faced the same situations so I have learned the importance of stop loss and I am going to see what is going to happen when the next bear run comes.

I still do not know this one, I remember 2018 and I didn't used stop loss and lost a bit of money, not a whole lot so I am thankful about that, I did lose a bit but not a ton, had few hard nights and so forth, really was a horrible period but I managed to get out of that after just a year, now we are going even higher and higher, I have money saved aside like the old days that increased a lot, now I wonder what is going to happen this time around now that I have stop loss.

Worst case scenario should be that stop loss hitting and I will get out with a profit, not as much profit as I should at the peak but who can leave at the absolute peak, very few people, so I should be capable of getting out eventually anyway.

sniveel

member

Activity: 431

Merit: 11

Yes it is, traders or investors usually have greed with theirselves including me , that is why gaining profits is hard sometimes. So it is better for us to have a desired or target price value of our coins so that we can avoid losing some funds and time. Gaining requires both knowledge and attitude on ourselves. Grin

jostorres

hero member

Activity: 2464

Merit: 585

Quote from: MWesterweele on February 17, 2021, 09:27:41 AM

Quote from: ?? on ??

In the field of investment and being a trader it can be said that it is very risky so be careful in choosing the projects you want to join it is difficult to earn in trading especially if you do not have much knowledge and what altcoins you will buy others are experts with them so it is easy for them to earn big you think will be satisfied with your future profit and do not be greedy.

Joining in a project without a deep research about it and of course has a questionable credibility was a total risks indeed. But of course as a trader and as investor no one wanted to join a game without having any knowledge about it right. And for me the most hardest part of earning a profit here in cryptocurrency was the eagerness to earn much which of course this could be called as greediness. Though everyone wanted to earn high profit but sometimes this needy is what makes it hard.

I think the deep research part is always true in any crypto investment, actually in any investment (I could say even any business in life). I remember clearly one day I have seen SYS and I was so hyped about it, the idea was amazing, I didn't researched it a lot, but I knew what the main premise was and I invested into it. So at the end, I happen to reach to a point where I didn't know what I was investing into and everyone was acting like SYS was the greatest coin ever. What happened?

It went down a lot and I just got out, I could have waited, it would have been more money today, but I invested into BNB and that was a whole lot better for me and today we can see why it was a much better investment. Something I researched very well made me a ton of money while something I wasn't fully aware of made me loss money. That is sort of the situation most of the time.

skarais

legendary

Activity: 2464

Merit: 2094

Everything depends on knowledge, experience and decision making. If you want to make a profit then you have to find out how that goal is achieved. Analysis is one of the most important and this will determine the decision to be taken. I think people will struggle because they consider risk, and this consideration usually cast doubt that many people have a hard time choosing a good asset to trade on. When the market is bullish, the risk level may be much higher and anyone who has done good analysis and taken risk will usually succeed.

FahriZah

member

Activity: 487

Merit: 10

follow the market, your objective may shift relied upon the value that all around accomplished on the lookout. Never attempt to be ravenous individual by putting a great deal of cash on it. Recall this you can likewise attempt to change your objective if the cost of coin previously outperformed your objective yet you probably offered a portion of your coins to stay away from the landfill that could happen whenever.

Altcoinsintel

member

Activity: 342

Merit: 24

It is different between Bitcoin and altcoins. I take some profit with altcoins too, but it is very difficult to find an optimum strategy. We can't stay for long in anything though, this is my opinion. I have made mistakes by not holding some altcoins for longer, as Cardano and BNB, however, I think the second mistake would be to rebuy at a price that is extreme. I selected these two altcoins just because I think the risk has reached the ceiling with both. They can rise more but how much and for how long, for what reasons exactly except speculation from traders? This is a bad decision to buy expecting something to keep rising forever without this asset having something fundamental like a userbase. BNB has the Binance userbase, but ask any big trader, is BNB required for any exchange? Why would an exchange need to have a native asset to burn for fees? This makes zero sense.

RabbiTANK

member

Activity: 224

Merit: 18

Sovryn - Brings DeFi to Bitcoin

If taking profit can be so hard for you then you have a problem and that problem is complete greediness living inside you, you have to get rid of that greediness before you can prosper in this space, although greediness is not entirely bad it's just like using a strategy when investing or trading crypto, we are all here to make profit and that is the most important thing once you make enough profit do not hesitate to take profit because crypto won't keep rising forever

magnum cyber

member

Activity: 775

Merit: 11

everyone has a different strategy ,but the secrets you say are very accurate. as we know that investing must have researched in advance about the coins you want to invest in, have a target, not be greedy and also not invest in one coin only.

ice098

hero member

Activity: 1498

Merit: 586

Cryptocasino.com

Quote from: Samayuki on February 20, 2021, 09:08:57 AM

It's the same mentality I always had and that costs me alot in 2017 bull run, I saw my portfolio in big profits but I wasn't satisfied enough, I desired to have more and more until January 2018 when the almighty bloodbath began, now I'm a different man, I take profits and my life have changed since then, greediness is a big disease

Yes we're the same mate, I remember I got more than 1btc and that is equivalent to more than a million here in my country I think more or less 17kusd that time, and what I did is I wait for it ro pump more and then suddenly I reliazed the market crash I lost more than half of it, but then it is just a memory now and I can't bring back that memory , what I can do now is to take profit if I am satisfied on it and already happy around x2 or x3 of my investment is enough for me.

gaston castano

sr. member

Activity: 1526

Merit: 251

because some people don't always make decisions when going to trade so they keep waiting and following the direction of the market and don't have a target which is usually done by novice traders who expect as much profit as they can get. so my advice before trading maket your target for getting profit or when you lose,and use the limit to what percentage you can lose your total money.

Samayuki

member

Activity: 574

Merit: 24

It's the same mentality I always had and that costs me alot in 2017 bull run, I saw my portfolio in big profits but I wasn't satisfied enough, I desired to have more and more until January 2018 when the almighty bloodbath began, now I'm a different man, I take profits and my life have changed since then, greediness is a big disease

Lunafox

jr. member

Activity: 109

Merit: 1

Quote from: jorjeIII on February 15, 2021, 03:40:17 AM

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.

I checked the price of MCO2 tokens, the price is growing. Trading volumes are increasing. It means that more and more people understands how it is important to protect a nature.

Arkann

full member

Activity: 714

Merit: 104

Quote from: ?? on ??

This is all happening because of our gluttony in investing because we always expect to be bigger so it is difficult for us to make a profit then in this case we should be able to improve our quality in investing even though at the moment all coin prices are going up but we should be able to rely on our investment in some potential altcoins.

It's not all about greed for taking advantage. Some of the traders who just follow the Hype are stuck at a loss. they do not have the basic knowledge to be able to analyze market conditions. I myself now see many people who are trapped in losses even though currently the market is in a bullish condition. remember we have to trade based on technical and fundamental as a support. not based on Hype or cheap prices

Today, a lot of cryptocurrency users are at a loss, because, for example, everyone was waiting for the moment when Ethereum reaches $ 2,000 and today it has reached this mark, but the question of selling or waiting for the next maximum remains the most urgent again. According to many forecasts, Ethereum could reach not only $ 3,000 this year, but significantly higher.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: jjdub7 on February 20, 2021, 06:18:04 AM

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.

If it wasn't difficult, everyone would invest and trade in the market. There are different profit strategies that depend on different factors.

And depend on your Knowledge in marketing because even how you know those strategies the thing is do you have the Guts and
ability to implement those?

Quote

It depends on whether you want to have a profit in the long run or in the short term. It depends on what capital you have. Your knowledge in the field of cryptocurrencies and market trading in general is also important.

Capital is on of the most important , because you must be ready for the fall and incase it happens , make sure that you can afford to keep
the coins in semi long term till the value increases again.

Quote

It is difficult, so not everyone does it and many people are afraid of it.

Actually i believe that Trading is not for everyone (Day Trading is what i mean) because we have seen many have tried but only few had survived that's why many of us are remaining in Holding instead of daytrade.

qazgroup

member

Activity: 1022

Merit: 20

RiveMont

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.

It happens and i have faced the same even in last bull season, i just kept raising my target price as the market kept pumpong but later regretted for not taking out anything after market reversed. And i think most people face this situation and there are only few who take decision and take profits at the right time.

Handsome Boy

copper member

Activity: 812

Merit: 12

I ❤ ₿itcoin and Ethereum

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 really agree with you, therefore every time I make an investment, so I always set target for the profit I want and when the price has reached the target, then of course I will immediately sell my coin, because I don't want to take the risk of waiting for the price to rise higher than my target and it can make me lose the profit (the price go down).

Topic: taking profit can be hard sometimes. - page 5. (Read 1551 times)