The best time to take profit in Trading - page 21.

Visbay

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Quote from: V1saya on June 22, 2018, 03:38:56 AM

Quote from: ArunTomar on June 22, 2018, 03:35:14 AM

Before entering any trade, you should have your profit target in mind. You simply cannot stay in a trade forever, especially as a day trader.

Obviously if you are a day trader you won't be holding 99% of your positions overnight. Tongue

You are right about having a profit in mind before starting a trade. This way you can control or at least minimize greed and emotion.

Being greedy or being emotional in trading is not good at all so we will have to control our these two feelings, if the price is seem to be high only then trade but if the price is not so high never think about sell your bitcoin at panic, have patience don’t sell at the first pump as sometime price rises more and more later on, so now is time when price has started to rise but it will continue on rising.

altcoin4u

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I think that the best time to take your profit in the trading time is the time when you have achieved the goal that you have pointed out previously. If you would go beyond that I think this is the risky thing to lose your money.

LogitechMouse

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I think the best time to take profit in trading is when your target % is reached.

I am trading and I always set a % in profit and will move on to the next coin. Sometimes I take 2-3 % profit but if I bought it in a market correction, I often wait for a 5% profit or higher. In trading, you must need discipline too and not become a greedy trader because greed makes people lose their money.

denisaardelean

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Quote from: deonyx on June 04, 2018, 10:04:47 AM

Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.

I think you should not trade at this time, the market is very volatile, the price of bitcoin and altcoin is constantly decreasing and there are no signs of recovery, so to be able to trade Success is very difficult, the market is bearish in the long run so trade at this time the success rate is very low. You should wait for the market to stabilize so that you can start trading.

Crypto_Spike_Factor

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The best time to take profit in trading is when you sell it at high price after buying it from lower price. For an instance, buying Bitcoin from 6300 usd and selling it at 6500 usd in which you will profit around 200 usd.

Prodigye

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I always try to aim for a 3% gain before closing a position, but it can depend on how I plan the trade.

Rupcrypto

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It is all depends upon the market prices level. The best time to take profits in trading is when the market is green.

Rodeo02

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Quote from: redsun114 on June 23, 2018, 02:30:31 AM

Quote from: ArunTomar on June 22, 2018, 03:35:14 AM

Before entering any trade, you should have your profit target in mind. You simply cannot stay in a trade forever, especially as a day trader.

That is called margin trading. You would love to do that in case if you know how to become happy with little or huge profit. Mostly those people never go for it who have greed in their mind. They want to get more and more. And in this scenario, they lose even single penny. However margin trading is so suitable and my favorite as well. You have target in your mind and as soon as that target achieved, just sell.

well as for what i have been notice this is some of the best strategy to be made for that you just set some target price and not think to be more than that being contented but playing safe well this is some of the pretty good strategy for me.

redsun114

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Quote from: ArunTomar on June 22, 2018, 03:35:14 AM

Before entering any trade, you should have your profit target in mind. You simply cannot stay in a trade forever, especially as a day trader.

That is called margin trading. You would love to do that in case if you know how to become happy with little or huge profit. Mostly those people never go for it who have greed in their mind. They want to get more and more. And in this scenario, they lose even single penny. However margin trading is so suitable and my favorite as well. You have target in your mind and as soon as that target achieved, just sell.

Fredomago

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Quote from: layoutph on June 22, 2018, 10:21:58 AM

Watch out for the epic bounce of Bitcoin. But no body could tell when is that and what price will start the epic bounce. During this time bitcoin along with top altcoins will have a flowless to break its previous ATH. BTC will hit $25k or higher at the end of this year.

Most of us are waiting for that time even we are keep seeing heavy downfall we do believe that its an opportunity indeed to buy more and wait for the bounce back, bitcoin can be more profitable when the value start to rise up, no one can assure us when that will happen but the good thing is the chance
that it will happen after the heavy downfall, we are waiting for some good news and more adoptions, after that we will begin to see again the new height and that's the best time to cash out your earnings.

layoutph

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Watch out for the epic bounce of Bitcoin. But no body could tell when is that and what price will start the epic bounce. During this time bitcoin along with top altcoins will have a flowless to break its previous ATH. BTC will hit $25k or higher at the end of this year.

lekam0213

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Is when tjhe crypto you are holding keep pumping. If you think the profit you get is already enough then that is the time to have it then try to trade again to more profit in the future holdings.

lushlife

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That's why learning how to properly use the stop-loss order, so that we can minimize our loss in this unpredictable/bloodbath market.

Sowik

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Well if you know technical analysis you should buy based on some price movement or indicators and they should give you exit price as well.

beezunus

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I think, a good time to get a profit in trading is to buy when the price is low then sell it when the price is high so of course you will get a profit and you can buy again when the price drops again

barbara44

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Quote from: binhbaamboo on June 21, 2018, 03:53:46 AM

have no exactly time when to trade, you have to follow news, events daily and study technical tools RSI, Bollinger bands...to sell and buy to get profit, and one more impotant note you need to know NOW market are uptrend, downtrend or sideway to target profit ( 1%, 5% ...)

You need to follow the basic market rules which will help you in making profit in trading. Trading with the Bitcoin will result in huge profit for long term while with the less valuable coins like Altcoin and Litecoin will result in small profits which will make huge profit after many attempts. Now buy the Bitcoin in this low market and wait for the time to come so that you may sell it on high price for profit.

lol1yatme

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Quote from: enawati on June 20, 2018, 08:15:00 PM

Actually this is hard to predict which price will be become resistance and the price will turn in to bearish, because many crypto possible to going up multiple times if the fundamental strong. So for the better when we are in profit sell it by partly. Dont be greedy when take profit and lock some profit in to fiat is best strategy to avoid loss when the market crash.

For me these days are ideal for to make money from crypto trading because the prices of almost every currency is low and on the way down. I think that if you invest in crypto to day you can make huge profits in the coming future. But it is good to observe the market daily and update your information about the coming situation of the crypto market.

V1saya

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Quote from: ArunTomar on June 22, 2018, 03:35:14 AM

Before entering any trade, you should have your profit target in mind. You simply cannot stay in a trade forever, especially as a day trader.

Obviously if you are a day trader you won't be holding 99% of your positions overnight. Tongue

You are right about having a profit in mind before starting a trade. This way you can control or at least minimize greed and emotion.

ArunTomar

newbie

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Before entering any trade, you should have your profit target in mind. You simply cannot stay in a trade forever, especially as a day trader.

BlackPanda

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Quote from: deonyx on June 04, 2018, 10:04:47 AM

Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.

Basically then doing Trading is very well done anytime and there is no best time limit and bad time.
But each person must have a strategy and the difference is how do they make trading .
For me day trading is much more interesting because then I can get a regular income.
Compared to when I do trading in a long time then it will make me bored and I wait a long time also not necessarily can bring many benefits.

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