the significance of taking profit | Bitcointalksearch.org

Cherylstar86

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Quote from: akirasendo17 on April 25, 2021, 06:30:11 AM

Maybe today some lost a lot of their portfolio, maybe from thousands of dollars to a hundred of dollars, this is why taking gains or profit are very important
since the start of 2021 the price of tokens have gone have breaking statistics, altcoins take an all-time high, and we are very happy all these things turn into a nightmare in a single day, almost all of my friends never touch their coin hoping they would reach another all-time high, the same thing that happens in 2017, now the market almost wipe all of our portfolios, what's the lesson of this, when there is a chance to take profit, take it, small or big, it's again, I saw some posting they earn millions, they are so happy, but after a day they regret it, why because they are so ambitious, and no contentment on what they have, always take gains, don't let it slip away or you'll regret it.

Regrets normally occurs when we failed to take chances in times of opportunity, so what we need to do in order to prevent certain emotions that could affect our decision making we should learn to have satisfaction. If we don't have such strong principles we can't move on and continue our journey in taking profit. Once you owned good coins, don't deal with you can't afford to lose the risk behind.

doctor877

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its dicey situation and most time if your coin hasnt gotten to where you wish to take profit , you wont take it even if its just 1$. this is one of the things i have noticed that do make people miss out profit taking anytime it show. at the end of the day you will realise that the profit is what you really need. i believe its a learning process which you adjust on so that you can make good profits from it.

oemar bakrie

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above the sky there is still a sky that is like a human character that is embedded in us,Actually all of that can be resolved if we can control our hurried nature, but with regards to finances we will automatically take it and feel that it is a very appropriate step and to overcome it, forget the assets that we have sold, and do not reopenour old sheet ..

kak uli

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Quote from: ?? on ??

Quote from: kak uli on May 01, 2021, 12:40:05 PM

Quote from: Dexion on April 27, 2021, 05:47:40 AM

Taking profit when there is an opportunity is indeed important but we also have to adjust to our needs, if there is hope to increase, leave some so that we can benefit if there is an increase in the end, but if there is no increase we can take it before the losses get bigger.

needs you mean what is the authorized capital? if it is adjusted to our needs, we should not trade half of the assets we have, because it will not return the capital we have. I think if you have made a profit then it's best to sell completely. besides being able to return the capital, the profits can also be achieved. I think there is no problem even if the profit is a little.

day traders may be accustomed to doing this, they must be able to decide to get a little profit in order to develop initial capital, the most important thing is that it is often done repeatedly when the opportunity arises

yes, meaning that it must be done in the short term, and also if you have every opportunity, you should not waste it. because what we often see in the crypto market usually increases in price only lasts for a moment and then maybe it will go down. therefore when there is an opportunity to take and get these benefits.

Dewi Aries

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Quote from: akirasendo17 on April 25, 2021, 06:30:11 AM

Maybe today some lost a lot of their portfolio, maybe from thousands of dollars to a hundred of dollars, this is why taking gains or profit are very important
since the start of 2021 the price of tokens have gone have breaking statistics, altcoins take an all-time high, and we are very happy all these things turn into a nightmare in a single day, almost all of my friends never touch their coin hoping they would reach another all-time high, the same thing that happens in 2017, now the market almost wipe all of our portfolios, what's the lesson of this, when there is a chance to take profit, take it, small or big, it's again, I saw some posting they earn millions, they are so happy, but after a day they regret it, why because they are so ambitious, and no contentment on what they have, always take gains, don't let it slip away or you'll regret it.

They keep holding although their assets reach it's ath means they must be ready if price back to dumped again. Although we keep tell people about take profit, and then be grateful, but feel how see our assets keep grow is an exciting thing that happen to our life. If me usually i take profit, and still regret if price keep increased.

matchi2011

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Quote from: mace15 on May 02, 2021, 11:16:36 AM

Taking profits is very important in trading, remember the market is not always bullish.

Keep in mind that it's ain't trading if there's no price movements.

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There's a time for a correction that others taking opportunity to buy at the lowest price.

Timing is very important, corrections may trick you and the fall will continue to happen.

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But, still it depends on a person on how he manages his portfolio and how he manage to grow to earn profit.

Always rely with your own knowledge and skills, everyone have it's own way and own strategy.

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Also holding is good as long you know the project is worth it.

If you are aiming from maximum profits, holding is the best way to deal with that.

Masyudhi

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Quote from: Teknisi88 on May 02, 2021, 10:56:48 AM

Quote from: Atang Sulaeman on May 02, 2021, 10:38:28 AM

Altcoins that have erratic prices, we should immediately let go of them while they have a very large value because if we hold back the losses will be earned, and everything returns to their respective strategies. whether we want to hold it or release it when it is of great value.

If the Altcoin value is already in ATH, maybe everyone will release it,
only some of the Altcoins that are in the top five in the ranking are always good to hold for a certain period of time because the potential for losses is less.

everyone has a plan for the investments they make.
Even before reaching the ATH when the target was reached I am sure many people would sell their assets before worrying about seeing the market collapse.
reading the market rally is actually important, it will help us make choices to sell or hold the investment assets we have.

mace15

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Taking profits is very important in trading, remember the market is not always bullish. There's a time for a correction that others taking opportunity to buy at the lowest price. But, still it depends on a person on how he manages his portfolio and how he manage to grow to earn profit. Also holding is good as long you know the project is worth it.

Teknisi88

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Quote from: Atang Sulaeman on May 02, 2021, 10:38:28 AM

Altcoins that have erratic prices, we should immediately let go of them while they have a very large value because if we hold back the losses will be earned, and everything returns to their respective strategies. whether we want to hold it or release it when it is of great value.

If the Altcoin value is already in ATH, maybe everyone will release it,
only some of the Altcoins that are in the top five in the ranking are always good to hold for a certain period of time because the potential for losses is less.

Atang Sulaeman

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Altcoins that have erratic prices, we should immediately let go of them while they have a very large value because if we hold back the losses will be earned, and everything returns to their respective strategies. whether we want to hold it or release it when it is of great value.

ahoenk

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You cant order people to take profit as you though, they have their own goal. Maybe the people who still on hold have the bigger goal and they still truat on that token, me for example : i still hodl my sovryn token because i think that token still have more potential to grow.

Muslimin mj

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the main target and the final achievement is profit. because every trade we make must be able to generate large profits. because if we trade without a profit then it is better not to do so. and profits must continue to be earned even though the nominal is different. big and small profits that we can get according to our expertise and courage in trading.

odukoyaewatomi27

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What most people (especially newbies) fail to understand in crypto is that, no matter the number of percentage a coin in your portfolio has increased, the money is not really yours yet until take profit and convert it. This is because the market can turn at any time and the huge profits you are admiring in your portfolio can turn to lose/negative.

olabiyijummy02

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Taking profits in your cryptocurrency portfolio should be like taking profit from your other offline businesses
When the value of your portfolio rises, you should occasionally take profits and then you can use your profit to buy back more units of the coins or tokens when the price dips
That way you will grow your portfolio

livingfree

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Quote from: isaac_clarke22 on May 01, 2021, 02:15:59 PM

Holding too much to something that you aren't even sure of a value would just lead to what you just said specifically from what happened to your friends.
It's not that bad to be ambitious, but remember you do not have the control over what you invest in that's why you're taking a dive like hoping it could get you to the 1%s one day.

And when you've seen that you made the right decision, it's going to make you proud to take profits.

It is the reason why we invest and we're looking to have a better days through that choice that we did. Those who are missing the profits although the coin they've invested have reached it.

Probably have been greedy or really missed the train.

isaac_clarke22

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Holding too much to something that you aren't even sure of a value would just lead to what you just said specifically from what happened to your friends.
It's not that bad to be ambitious, but remember you do not have the control over what you invest in that's why you're taking a dive like hoping it could get you to the 1%s one day.

CryptopreneurBrainboss

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Quote from: Dexion on April 27, 2021, 05:47:40 AM

Taking profit when there is an opportunity is indeed important but we also have to adjust to our needs, if there is hope to increase, leave some so that we can benefit if there is an increase in the end, but if there is no increase we can take it before the losses get bigger.

It's very easy when we write them but very difficult to execute, you speak about cashing out before the lose increase but how then do you know that corrections the market is portraying isn't a false crash but actually the marketing dumping. The market is very complicated which is why investing with a strategy is very vital.

With an investment strategy, you already have your entry and exit point, this price could be adjusted based on how bullish or bearish the market is becoming but nevertheless you'll have a plan you'll be working towards.

If you just blindly invest, you would definitely get carried away by either greed or fear and the FOMO invest when you aren't not supposed to do so.

Don Pavilion

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Quote from: Strongkored on April 25, 2021, 07:02:50 AM

Many are happy to see their portfolio grow up in value, but they forget that if they haven't realized it in the form of profit, then it's still not profitable. Altcoin holders were made as if they were playing roller coaster, up high, but at one time it descended very quickly.

I don't know what kind of experience you had, but I recommend beginners to keep coins. Now the market is growing and this is a great chance to increase your deposit on this growth

kak uli

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Quote from: Dexion on April 27, 2021, 05:47:40 AM

Taking profit when there is an opportunity is indeed important but we also have to adjust to our needs, if there is hope to increase, leave some so that we can benefit if there is an increase in the end, but if there is no increase we can take it before the losses get bigger.

needs you mean what is the authorized capital? if it is adjusted to our needs, we should not trade half of the assets we have, because it will not return the capital we have. I think if you have made a profit then it's best to sell completely. besides being able to return the capital, the profits can also be achieved. I think there is no problem even if the profit is a little.

Dexion

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Taking profit when there is an opportunity is indeed important but we also have to adjust to our needs, if there is hope to increase, leave some so that we can benefit if there is an increase in the end, but if there is no increase we can take it before the losses get bigger.

Topic: the significance of taking profit (Read 602 times)