Topic: taking profit can be hard sometimes. - page 7. (Read 1583 times)
Never attempt to be eager individual by putting a ton of cash on it. Recall this you can likewise attempt to change your objective if the cost of coin previously outperformed your objective however you probably offered a portion of your coins to keep away from the landfill that could happen whenever. You lament that imagine a scenario where it gets higher tomorrow or later, disregard that attitude. On the off chance that you will in general hold, at that point simply disregard selling right now and hold it.
This really true especially if you have a desire and expected value which lead most of the time into losing some of your funds. That is why we need to be contented in every profit we can earn even if its small amount or big amount, always keep in mind that profit is a profit.
The reason why taking profit so hard sometimes is because of our expectations, we are aiming so high that we really thought it's going to be, or we have a target value, and also a past experience where we sold our token in the cheapest price in the market and wakes up the other day the price has gone up 20x higher the price we sold, and also greed we also are hesitant to take profit because of greed that we are dreaming like its gonna be like bitcoin price someday.
Nobody wants to be left out of an opportunity to make a good profit. There has been times when profit had been taken and the price goes down 📈, that's a good win. On the other hand, should there be a pump after selling, there is always that feeling of regret. As humans as we are, most people aim to make huge profit with each trade.
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.
I'm sure only a small percentage can do this. it is true that most of the people who replied to this thread said that the main point of the difficulty was due to greed. this is very humane because every human being always wants more
Its hard to take profit because you always worry the profit can be higher if you wait to sell it.
Instead of doing that, just happy with any profit you have right now, because no one can promise you a higher profit if you sell that in the future
Also, you may have another opportunity to buy it when dip.
Consistently having 1-2% gains everyday is big enough that to wait 1 year and just get 100% profit. I certainly can't imagine that why people keep ignoring every pump to make a sell, unless if you don't have a plan to sell but to hold it forever. Instead of doing that, just happy with any profit you have right now, because no one can promise you a higher profit if you sell that in the future
Also, you may have another opportunity to buy it when dip.
We could hear that some are regretting selling their coins before it hitting their new ATH. That would supposedly do if we are not making a profit but if we get some, I don't think there is a need to regret nor to blame ourselves because of being impatient.
With crypto prices now at their peak, it is indeed difficult for us to make decisions. because our greed starts to flare up, but if we don't immediately
take profit it can eliminate the opportunity to get profit. So many investors with today's market are very heavy in making decisions. The best way is
indeed to sell the crypto that we have partly and partly remains in HODL. That way if the price goes up or down we can still get benefit, even though
it may not be perfect.
take profit it can eliminate the opportunity to get profit. So many investors with today's market are very heavy in making decisions. The best way is
indeed to sell the crypto that we have partly and partly remains in HODL. That way if the price goes up or down we can still get benefit, even though
it may not be perfect.
Its hard to take profit because you always worry the profit can be higher if you wait to sell it.
Instead of doing that, just happy with any profit you have right now, because no one can promise you a higher profit if you sell that in the future
Also, you may have another opportunity to buy it when dip.
Instead of doing that, just happy with any profit you have right now, because no one can promise you a higher profit if you sell that in the future
Also, you may have another opportunity to buy it when dip.
When an investor or a trader takes a trade without having a target profit, that's when this problem normally pops up, because the trader won't probably know when it's okay to take profit off the market and move on, he/she will leave it there hoping it keeps going up, some traders even after their target profit is met, they will still leave their trade position open because of greed, they don't want to to miss of the
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.
With a proper trading strategy you should know when not be greedy and take profit, but I still agree with you the market is really unpredictable, no one knows the right time to stop being greedy and sell, few reasons why everyone going into these aspects need to discipline their self. 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.
It is greediness that doesn't let us take winnings and leave the market with profit. Emotional trading has such bad consequences, we have to control it before it causes the worst results for our trading career. Trading is a serious and tough profession, not all individuals manage risks same for min loss-max reward.
They usually had bad ends. We can see how these greedy people never succeed because they overlook the chance of making money in a few inclines, they preferred to sell at a high price which sometimes doesn't work. I can tell that because it happens to me in the past and from that, I learn not to ignore every opportunity. because if we only know that price will surely go high in the coming days, for sure people will never sell but instead, to keep waiting for that moment, unfortunately, we don't have kind of market. We are sure to experience price changes all the time.
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.
Simple idea which I can share with you, don't wait for further spikes of your asset and once you encountered pumping price, don't wait higher that what you've expected. You might not notice, price suddenly collapse and you won't be able to sell a sustainable value. If you see you've gained enough profit, grab that opportunity then dump your asset to have an other chance to buy for more holdings.
If you won't get the difficulties to take profits, then you must the right time to buy and set the most realistic target to take profits. Most people having difficulties to take profits, those people who buy in hurry because following FOMO or the hype. They buy once the price is on the top, or when the big pump is happening. They become panic to see the drop in price constantly after the pump's happening. I never did this way, I only buy in a correction, then I can be easier to plan for the target of Taking Profits.
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 is really hard to make a good profit when you really don't know what you are doing. How you could make a good decision, having a brilliant idea when you are not in that position? Because in trading, it is not about selling in high gives you a good profit, you can make money even selling it at a low price, buying at $1 and sell at $2, it is good enough. But some people don't have that kind of satisfaction, they wanted big returns and they wanted to sell at high which. There is no wrong with that but if you are an impatient person, doubt if you will able to wait for that moment or a reason for them to sell during the crash. kindly share your ideas that might be helpful to solving this issue.
Trading and investing is not everyone satisfied with the little profit that has been taken. Basically, human nature is never satisfied and always wants the best and more.
That is why sometimes traders find it difficult to fight with their own emotions and sometimes become greedy to take profit of a lot. This is indeed a problem that we
can not avoid. Especially when the market is bullish as it is now. It's hard to take advantage at the beginning. While prices continue to peak.
That is why sometimes traders find it difficult to fight with their own emotions and sometimes become greedy to take profit of a lot. This is indeed a problem that we
can not avoid. Especially when the market is bullish as it is now. It's hard to take advantage at the beginning. While prices continue to peak.
It is greediness that doesn't let us take winnings and leave the market with profit. Emotional trading has such bad consequences, we have to control it before it causes the worst results for our trading career. Trading is a serious and tough profession, not all individuals manage risks same for min loss-max reward. Not everyone has the same patience and maybe that is the reason not everyone is able to make money.
Well, it should be hard always. I mean, most of the newbies in crypto only want an easy money mindset. Don't even want to know how crypto works and how they can benefit to it. That mindset is nothing but trash, not only in crypto, even in other aspects of life. For you to learn and master the skills you want, you should experience hardships for it.
Yes it is really hard to take profit because of we want to earn more and we are aiming for a larger profit but sometimes we're afraid that we might did not get profit because market is volatile, that's why I am telling myself and all the people ask me, just tp when you are happy any profit is a profit as long you have more than your investment it is gain already, I don't want to be greedy it will be harmful for me and for my money. 
-snip-
kindly share your ideas that might be helpful to solving this issue.
Understand the market first. Learn how it works. Don't think that you will always be making profit. There will be days where you will be losing your money due to small mistakes. Instead of losing your hope, learn from those mistakes. Try not to repeat it. kindly share your ideas that might be helpful to solving this issue.
Also, when trading make sure you know what you are doing and getting yourself into. Don't trade and invest in coins because of a "hype" or "trend". Even if you do, make sure you exit as soon as possible. Because, when a hype or trend drops, so does the price of those coins.
Well, it should be hard always. I mean, most of the newbies in crypto only want an easy money mindset. Don't even want to know how crypto works and how they can benefit to it. That mindset is nothing but trash, not only in crypto, even in other aspects of life. For you to learn and master the skills you want, you should experience hardships for 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.
Of course, everything cannot be perfect, especially in crypto trading. We all make mistakes, choose the wrong coins, miss the opportunity to buy or sell currency at a favorable rate. Sometimes there is really no way to take profits, but these are temporary difficulties.
when a trader expects a higher price to sell, they'd aim it especially today that there is a bull run. sometimes this behavior can lead to loss actually but for the most part, its good to sell higher but this is for the long-term investor of altcoins. if you give more importance to BTC though, you'd be like the bounty hunter who sells their altcoins every time get their rewards because this is how it's supposed to be.
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