the significance of taking profit - page 2.

cafee_orange

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Quote from: kesmex on April 25, 2021, 04:52:00 PM

Quote from: cafee_orange on April 25, 2021, 02:01:30 PM

everyone wants to take big profits, but not necessarily by promoting passion in trading. in my opinion, to take advantage here is to make targets, don't expect big ones, at least have benefited.

Of course everyone really wants to get a big advantage who doesn't want that,
and what you say is true and besides that it also takes time to get big profits,
what is clear is that it all requires more effort so don't underestimate it

No, I don't mean to underestimate anyone in their trade. but my advice on taking profits should not be too ambitious, because most people who are very ambitious in trading are likely to lose their assets. then you should set a target in trading.

Cling18

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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.

I personally learned from the previous mistake that I've done last 2017 where instead of gaining and taking profits, I hold longer hoping to gain higher. After that, I learned to set a target goal and sold my holdings when I have reached it. Sometimes, we're being carried away by too much hype that we even forget to sell when we already have a good profit. Greediness or aiming for too much could really lead to losses.

traderethereum

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Quote from: bitgolden on April 25, 2021, 04:34:15 PM

Quote from: traderethereum on April 25, 2021, 12:19:59 PM

Even if the portfolio decrease again, it will increase at the right time.
The crypto market now is down and we need to be patient and do not panic because you will see that this downtrend can give you a chance to buy back bitcoin or altcoin.
We need to prevent the greediness of wanting more profit because that can not always happen in the crypto market.
While you can see your portfolio increase, you can sell your coins for some amount and take profit of that or you can sell it at once and leave the market for a while and enjoy your profit.
If you do not take your profit, you will wait for more until the price can back to the high price.
We are now in 2021, which many altcoins can increase so high, and I think this downtrend is just temporary and the altcoin will have a chance to increase this year.

I have been doing exactly that. I have realized that I could sell when it is going down and buy more at the bottom, normally I usually get scared of moves like that but I ended up doing much better and right now I am at a level where I bought back as well, I got out at the right time. It was a scary thing, but at the end of the day we are talking about something that would be very profitable who could say that they could say no to something like this? I feel lucky as well that I got back in at the right time.

I believe bitcoin is something that will go up constantly, sure there could be times when it falls but in the long run it will go up more and more. So if you buy now, and keep holding as long as possible, you will end up profiting for sure, maybe in a day, maybe in a week, maybe in a month or maybe even in a year but you will profit from it.

Yes, it was a scary thing for us, but if we can do that many times, our feeling will be sharp to analyze the situations, so we can decide fast what we need to do.
We can sell when the price is down but make sure we can analyze where the price will go so we make a strategy that can works good in the right situations.
I also believe bitcoin will go up again and the price will break the next ATH soon. This moment is just a test for bitcoin to get more supports from the investor.
If the investor can stay calm in any situations and conditions, they will have a chance to make a big profit in the future,

amihada

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Heart of Sport has started to sell lots of coins and they regret seeing the price of coins getting more expensive and many who store coins they don't sell and the price is cheap now I still hold coins and I am not selling them anytime soon.

viananda2525

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Quote from: naikturun on April 27, 2021, 12:08:31 AM

Quote from: crzy on April 25, 2021, 07:48:33 AM

Hodlers know the pain of not taking profit and I lose a lot of opportunities because of this, I don't know why but I'm weak on taking profit most of the time. Imagine if you already sold your holdings at the peak and buy back again during this time of corrections, more profit will be made for sure.

This is why I learned a good lesson that I should always focus on my set price and make it realistic. Taking profit is fine because you can always buy back and regret nothing as you already made a good profit. Don't blame yourself, just learn from that experience and be better.

but sometime more pain can make you grow stronger, im always miss opportunity when see market green and always thinking it can rise more and ended with bad position. Sometimes not taking advantage can also be a lesson that makes us better, although it is better if you benefit and improve yourself.
I lose many in 2017 and try to change it this year.

its only happen to strong man, not for weak man. especially beginner investors which is have no quite knowledge about crypto trading, they only thinking be rich person in single night. there alot experience in crypto market , even that come for us or other people that could be important lesson to improve our skill and knowledge. its easy to avoid pain in our trading, just only dicipline with our trade and dont ever overtrade.

NewRanger

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Quote from: RondoAnyar on April 25, 2021, 10:50:30 AM

that is the importance of avoiding greediness in crypto, because anything can happen now that greediness and dissatisfaction with the profits that are earned cause defeat for all crypto lovers. so I think when I get a profit even though it's a minimum profit, maybe it should be accepted and continued regularly and don't be greedy

greedness could overcome with trading plan, if we consistance in our plan which is contain take profit and stop loss setting everything will be fine. when our running price hit target or stop loss, our psychology will be fine. no panic or loss our profit due greedness. mostly crypto trader didnt dicipline with their plan and oftenly want get profit as much as they can , so ingnoring price movement.

litepool.ru

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However, we also have to rethink that, when we cannot be sure what will happen next, the confidence in the market is still very large. My own self will also retain everything if they do not reach the goal, and more precisely greed. Grin

soul-impact

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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.

Never called enough, we humans always have ambitions. Once profitable, we want more. And once you've achieved it, you want more than double. There are no stops. So when investing must have a set goal, when achieving the goal, take profits. Profit is really valuable when it's in your pocket.

naikturun

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Quote from: crzy on April 25, 2021, 07:48:33 AM

Hodlers know the pain of not taking profit and I lose a lot of opportunities because of this, I don't know why but I'm weak on taking profit most of the time. Imagine if you already sold your holdings at the peak and buy back again during this time of corrections, more profit will be made for sure.

This is why I learned a good lesson that I should always focus on my set price and make it realistic. Taking profit is fine because you can always buy back and regret nothing as you already made a good profit. Don't blame yourself, just learn from that experience and be better.

but sometime more pain can make you grow stronger, im always miss opportunity when see market green and always thinking it can rise more and ended with bad position. Sometimes not taking advantage can also be a lesson that makes us better, although it is better if you benefit and improve yourself.
I lose many in 2017 and try to change it this year.

KaliLinux

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Quote from: lienfaye on April 26, 2021, 09:20:40 PM

We all want to gain huge with our coins but some of us forget to take profit because of greed to reach an all time high. Well there's nothing wrong to have high hopes especially if you're holding the best coin out there, however investors taking profit at times are more wiser than those waiting for ath.

We dont know whats next and a bullish market is not permanent, a correction can occur unexpectedly so before it happen, secure your profit. Dont be greedy even you already set a target price on when to sell, remember, regrets are always in the end.

I totally agree with and and I have learnt my mistakes in the past and wont allow greed to get the best of my investments. As the market progresses, I have different level of taking profits and in what percentages too. This way, if there happens to be a sudden price correction in the market I would not regret it much because I most have taken some good level of my profits.

meanwords

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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.

But what your saying is pretty vague. First of all, when are you going to take profit? can you say that I should take profit at 5% gain? 10% gain? 20% gain? what if that coin suddenly burst into 100% gain? it's really hard to tell people to take profit when it's really hard to predict that movement of the market.

I think what's most people missing is a goal. They just invest in whatever coin they want and just leave it, expecting to be a millionaire. They don't set a realistic gain and in turn makes them regret later on.

Kabul

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In order to do so, you need to at least set a target for your portfolio. If you just let your balance floating on the market, it is not your money. Also, you need to feel pleased with what you have made. I have seen people who set their target at x2, but then they wait for it to x3 then x4 and finally, it turns out to be less than 50% of the entry price

Thus, it is important to take profit even if it is small. You will never know what next

ancafe

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I agree with this. In fact, I also experienced it when selling Ethereum for under $ 1k. At first I was quite happy with the benefits I got, but I regret it when I see the price that has been achieved today. however, it is very good to take the opportunity to profit before we regret it, but I feel that preparing assets for high prices also needs to be prepared. however, I am grateful for the benefits I get, but I have to develop beyond that.

slashz9

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that's the importance of setting your target or strategy, so as not to get caught up in greed or temptation, indeed sometimes we are jealous or sorry to see the coins we have sold go up even higher, at first I even bought back the coins and the price went down, I lost what it should be profit.
from there I learned to apply targets because the market price will always fluctuate.

royalfestus

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Out of my regret have learnt to take my profit as the the coin price grows, Because i dont know the peak of price i dont sell all but fraction as price grows. For altcoin, I consider the price movement of ethereum. As long as the BTC/ pair still remains lower than 0.1btc i strongly believe altcoin still have room to growth. I take profit in ethereum now, later if ethereum pump I will take profit in BTC so strategy changes with market condition

nomenclatur

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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 your regret it.

some greedy people are never satisfied with what they get so things will get worse if the market goes bad again and the price of bitcoin continues to fall then it will be worse for all the altcoins many of who miss the chance to take advantage now it has been inversely drastically until now fud has happened the richest person in the world like bill gates has made a bad statement about bitcoin so this has a huge impact on the price of bitcoin.

lienfaye

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We all want to gain huge with our coins but some of us forget to take profit because of greed to reach an all time high. Well there's nothing wrong to have high hopes especially if you're holding the best coin out there, however investors taking profit at times are more wiser than those waiting for ath.

We dont know whats next and a bullish market is not permanent, a correction can occur unexpectedly so before it happen, secure your profit. Dont be greedy even you already set a target price on when to sell, remember, regrets are always in the end.

Amejoaquim

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It's hard to doing that because most of us is so greedy, especially in this current situation.

But, i personally always set my own target, if i already reached the target i will sell my investment with no regret, even though the price going up after i selling #noregret.

Kasabus

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Quote from: ingiltere on April 26, 2021, 05:37:37 PM

Thank you for bringing some awareness here. I know some people, especially new ones, think coin prices always go up but this is not the case. You can see market grow %50 in one month and puff, in one night you can see %30 correction. That means you lose all of your one month hodl profit gone in a couple of hours.
It's very important to stay calm and don't do panic buys or sells. I know that sounds easy but hard on practice. We all have to learn how to get investor discipline and don't get distracted too much by emotions.

Being too emotional will always mislead you and you end up losing and making regrets. I think even how small or big the growth of your investment, you should always learn to take the profits. Holding is good particularly with bitcoin but if you won't take chances to sell even a portion of them, you cannot make profits which is the very first aim why you decided to invest. So never be greedy and start taking profits when there are chances.

ecnalubma

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Sometimes hodlers forgot to take profits because they believe sky is the limit during bull season but when dump strikes it feels like its end of the world for some. But the dips really don’t matter if you’re a long term holder, it doesn’t hurt much when you see your portfolio down knowing that you already gained massive returns from years of holding.

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