taking profit can be hard sometimes. - page 9.

blue_nexus15

member

Activity: 532

Merit: 10

█ J A X N E T W O R K █

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.

Muhn...That is the interesting thing about this market. Sometimes you get the profit target, but a little greed makes the effort pour into the river. Anyone will demand and demand a big or small advantage according to a given plan. But uncontrollable, infinite greed. It is irrational because of the heightened emotion, the decisions at the last moment always cause some confusion.

SirLancelot

hero member

Activity: 2646

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: lousie9 on February 15, 2021, 07:57:46 AM

yes, I think every investor before investing in any coin must be the result of their own research and also have a sales target that they have set in advance. but in many cases it doesn't always work, especially when the price of the coin goes down people start to panic and sell at a loss (although it's not all like that), some are impatient and sell as fast as possible etc ...but for me personally when my coins go up then I will sell some and use my profits to invest in other coins.

Research helps no doubt but even the best tokens must be sold at the right time before they gradually become useless. Then there are coins like dogecoin which are going to the moon solely because of the support it got from Elon Musk and no one could have predicted the growth of dogecoins no matter how much research one does.

Quote from: GideonGono on February 15, 2021, 08:37:25 AM

It is really hard to take profit if you aren't satisfied with it and you are greedy.

I would actually say being greedy is a good within the crypto market because to get the maximum out of your assets you have to be greedy and extremely confident in your decisions and investments.

Stedsm

legendary

Activity: 3052

Merit: 1273

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

--snip--
take out your investments and some little profits and then leave the rest for long term.

Exactly, that's the mantra towards success in trading.
People don't stick to their decisions and then regret more than they regretted when they didn't sell thinking of higher profits because if markets start to crash (like we saw in 2018), they won't even be left with their specific targets that they had already achieved but didn't get out just because of their greed. I believe that a trader should make up his mind and set a specific target that if he wants to sell at 10x, then 10x only because 1000% is more than enough and even if he is not satisfied with it, he should remove at least 50-75% of his position and leave the rest for whatever targets he wants to reach the trades at. This way, he'll have at least 5-7.5x on hands and remaining 2.5-5x in trade and there's no reason to regret. Regrets should be when you lose, why to regret on profits? What if the markets don't move towards our desired levels?

republicrypto

sr. member

Activity: 1414

Merit: 252

Keep it Simple guys :)

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.

sometimes people were hoping if the price will grow high and high again, but they forgot if the market didn't work like that
because market will not always up, thats why we need to control our emotions to stay away from greed mate
regards

KimmyF

sr. member

Activity: 978

Merit: 250

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.

We shouldn't bind everything into one rule, even if you shouldn't forget what the future is (bullrun). During a bullrun, our expectations must be higher than the bear market. My prediction says this year could be full of a bull market, so why won't I take any risk? Some investors have already taken profit from Bitcoin those bought in the 19k year 2018.

FanEagle

legendary

Activity: 2884

Merit: 1117

Quote from: Apostlekin$$$ on February 15, 2021, 11:00:37 AM

We all have greed in us but many chooses to use it wrongfully, greed can get you more and can also ruin you, this is crypto space, a place where you don't want to slack behind, opportunities will never dry in this space that's why I keep on taking profits, why wait to become a millionaire when you can gather the piece together? A little drop of water can make a mighty ocean

Honestly there is a very very thin line between being greedy and making a lot of money thanks to your greed, and also being greedy and losing a lot of money because of your greed. That thin line all depends on when you get out, and sometimes people do not get out at the right time and they end up losing a lot of money because of it.

I am not a very greedy person myself, so I do not lose too much money and I do not earn too much money neither, I am just making a small amount of money with very tiny risk investments (like buying and holding bitcoin) but compared to rest of the world even being in crypto world is actually quite risky and it does make you a greedy person. That type of greed is not really that important and risky, because you end up with just bitcoin and we know that is not being too risky, but some people go into high leverage stuff or risky brand new tokens, and that is very risky and too greedy if you ask me.

fia_naila

sr. member

Activity: 770

Merit: 258

The Standart Protocol - Solving Inflation

In fact itbis not hard to take profit, but it is hard to not to be greedy, sometimes when we bought the right coin and after couple of days the coin is up for 100% or 60%. Our greediness will said " it will goes up even more and you will regret it ", then we will hold the token and after couple hours the token/coin drop to near our buying price then we afraid to see it. And we sell it only 5% profit 😁😁😁.

isaac_clarke22

sr. member

Activity: 1610

Merit: 264

Quote from: doctor877 on February 14, 2021, 05:06:26 PM

~

They think that people have the same mindset as theirs that holding such token would promise them a lot.
Thing is many are up to quick $$$ and some are for longer term of $$$
These two contradicts each other making it up for a massive dump in the market.
@OP's end quote, even if one offers solution here that is aimed to change the mind of many. It isn't gonna happen.

redsun114

hero member

Activity: 2702

Merit: 585

Leading Crypto Sports Betting & Casino Platform

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.

There is no way someone can help us control our greed. There must be a balance between greed and panic, while you must not panic when the price is going down rapidly at the same time it is important to not get carried away and get too greedy when a bull run is going on.

I have always been in dilemma when is the right time to sell my coins and the only possible answer I have been able to find is - Around 10% profit is enough to sell my coins, I know at times I could have missed like 200% profit opportunity but that also means I got saved many times from absolute disasters.

One thing I learned with time is to not have regrets because in crypto world having regrets is something you will come across almost every week because some dead coin might become gold over night and some gold might become shit within days so just move on and forget about the chances you missed.

nurilham

sr. member

Activity: 1498

Merit: 443

Everything has its risks, first investment. In choosing an investment instrument, starting from buying coins and selling them can be the right choice. Not without risk, with a variety of options to determine the advantages that we have in accordance with your ideas above tend to be more secure with the assurance of increased profits.

Profits with a patient mind can be used as confidence capital to start investing in crypto coins. So, you don't need to hesitate a lot even though you are just starting to invest by thinking of ways. As a suggestion, keep measuring your investment ability so that the risk is not excessive.

Claudio99

member

Activity: 210

Merit: 10

Sovryn - Brings DeFi to Bitcoin

Yea

could be very hard if you are a crypto newbie, until you learn some lessons you won't have a different mindset, whales play their manipulation games to lure new investors ( like those who are too greedy ) and they dump on them, crypto investment is all about been smart

Apostlekin$$$

member

Activity: 238

Merit: 17

Sovryn - Brings DeFi to Bitcoin

We all have greed in us but many chooses to use it wrongfully, greed can get you more and can also ruin you, this is crypto space, a place where you don't want to slack behind, opportunities will never dry in this space that's why I keep on taking profits, why wait to become a millionaire when you can gather the piece together? A little drop of water can make a mighty ocean

criket

full member

Activity: 896

Merit: 100

Quote from: ?? on ??

Sometimes greediness can make more money but chances you will lose also because once your coin is pumping, anytime it will suddenly dump. I always set my desired price to sell just to be sure that I gain profit even just a little, I'm satisfied with my earnings, I don't want to be greedy.

You are lucky to have good control over your assets as well as your psychology. some people still panic seeing the market. in fact, greed is a major disease for every trader and investor. If you have made a good plan and you are consistent with it then you are really good at handling your emotions.

Jackl87

sr. member

Activity: 1722

Merit: 269

The best thing is to set yourself a clearly defined price where you sell for example 20% of your holdings then a price target for the next 20% and so on and to keep a small portion of your investment just for the case the whole crypto market really goes crazy and does a 100x.
But i'm also not following this rule strictly to be honest and it served me well in the last few months/weeks. I invested in a few projects that did 20x and more so i am happy right now that i haven't sold when they were at x2.
If the market crashes today than i'm at loss of course.

Bitcoinislife09

full member

Activity: 1028

Merit: 144

Diamond Hands 💎HODL

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.

Agree to make a profit in crypto was easy sometimes and then we just forgot the risk in investing. Actually, it's easy to make a profit in cryptocurrency compared to others like stock or other investment but as it is as long as you are patient enough. Most of the investors lost their money in cryptocurrency just because they were not patient enough or maybe wait for the right entry to start the investing or wait for the right timing to sell their coin. And sometimes what happened is we become so greedy and we have a high profit in just a short time which will not really happen all the time.

max6575

full member

Activity: 1176

Merit: 100

Vave.com

yes as investors run of one with favorable strategy as expecting with use of limit on returns to match with plan as those have with risks and resource involved with work of manage. that investors might work a bit to refer one as fine of option with decision as expending use with funds or more of resource as following length of terms with the investment project.

JHORN

member

Activity: 252

Merit: 15

Sovryn - Brings DeFi to Bitcoin

Lol, if you get rekt while holding you will find 'taking profit' to be very easy, I don't blame you cos it's always every new investors dream to be a whale or get rich through holding some altcoins but most times a crypto project can dissapoint

youdacapt

sr. member

Activity: 1876

Merit: 295

GOD is TRUE

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.

For me, i think and believe taking profit is not hard; it is traders that complicate issues for themselves and this is where discipline comes in. As a trader you have to be disciplined; discipline in trading helps you to stick to your trading plan. Also as traders, you need to work on your emotions; trading with emotions means you could get greedy when you should take profit. Develop your trading skills and always take profit; taking profit does not stop you from holding little percentage of the token

kevinzxz

full member

Activity: 1470

Merit: 105

👉bit.ly/3QXp3oh |🔥Launchpad on TON

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.

If I always set my target and sell gradually, so if the price has increased according to my target, then I will sell it gradually and of course my advice if you want to invest in cryptocurrency then you shouldn't be greedy, because if you are greedy then you can lose your money and my target is usually like this :
1. sell 50% of my coin when the price has increased 100%
2. sell 25% of my coin when the price has increased 150%
3. sell 25% of my coin when the price has increased 200%
but if I already sold my coin in stage 1 or 2 and the price go down, then I will buyback until all of my target are achieved.

GideonGono

hero member

Activity: 2086

Merit: 501

★Bitvest.io★ Play Plinko or Invest!

It is really hard to take profit if you aren't satisfied with it and you are greedy.
I know some people who are also having a hard time taking their profit because they believe that it could still go up.
But one of my friend told me how he easily takes it,
You just need to be contented with what you gain it is better that way than to lose profit because of holding.
Learn to appreciate it instead of comparing it to others or counting what you could had gained.

Topic: taking profit can be hard sometimes. - page 9. (Read 1583 times)