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: 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.

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.

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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.

ingiltere

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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.

dimonstration

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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.

I learned this during 2017 pump and 2018 dump where I didn't get some profit to enjoy the pump or to atleast have some to use in spending during that dump time, so this time in early January I do cash out some since its good to take SOME profit and enjoy the fruit of labor. Seeing some investment in actual life other than in portfolio can be a motivation to strive more in doing good in crypto.

abel1337

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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.

It's hard to tell when will the red market will come so I decided to do a sell my coins partially depending on the price points level I found out the best in taking profit, Most of the price points were big resistance. The result? I am very calm even if all of my coins were red, A correction is expected and a bounce back is anticipated. I've come to your friend's scenario before (2017) and I regretted it much because of the lost profits I made and now I am very satisfied with my decisions. Always take profit.

kesmex

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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

bitgolden

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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.

BIT-BENDER

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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.

Or May be those who didn't take their profits are long term traders, I think those who are regretting the market fall -either bitcoin or alt-coins- are short term traders who got greedy and maybe strong mind when the price was only going up.

For long term traders this is just one of those days, or maybe weeks or maybe months, and they have seen this sequence happen over again, some would have even expected it earlier so they can add more bitcoin/alt-coin to their portfolio, I think the regrets is only an individual mindset, and what you had planned before investing.

fullhdpixel

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

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.

But, you're forgetting one important thing here; markets may bounce back at any time so that we will continue our profit level but you're talking like this is the end and there will be no return of market into bullish mode; or at least you're sounding like that to me. People who are missing profits by not booking may not need to regret when they are holding known coins like etehreum/BNB but people who are holding shitcoins and random tokens, might have booked when they were in profits; no exceptions.

So, it is all about what kind of coins/tokens you're holding; when you're believing into your due diligence then you never need to worry about because when you're holding good coins and tokens then definitely you will get bigger profits than before.

forexandcryptoauditor

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You are absolutely correct. This happened with me last week when btc was above 60k. I was holding very appreciative gain but since my investment was locked up for staking, i could not bag it. We should not be more ambitious which makes us sometime greedy, at the end we see that we have got nothing compared to what it was.

cafee_orange

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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.

jacafbiz

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I think we should understand difference between trading and Investing, if you are a trader, profit management is very important thing to learn and master because it can have a huge decision on your portfolio but if you believe we are still in bull market there is no need to rush to start taking profit because you are looking at a bigger time frame

kak uli

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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.

for a trader who has long held the altcoin he is holding if at the time of Ath yesterday they did not release it they might experience depression when they are still monitoring the current market because the price conditions are decreasing. and that I also experienced it because I did not release the token I held, I held AOA and BTT tokens. I should have been able to release both of them while prices were still high a few weeks ago to make a big profit.

matchi2011

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Quote from: agg2702 on April 25, 2021, 10:54:08 AM

from here we need careful planning in taking advantage because when the correction and decline like now all will be too late. especially now that the market is uncertain and it is very difficult to predict corrections are happening everywhere so it is better to take a little profit and not be too greedy than to take risks.

If you are not willing to take the long wait in case you missed this opportunities, better to take profits and be happy that
you earned from this market.

It's tough to predict and it's very risky if you are uncertian with your decision making, always remember that small gain is
always good than losing portions or all your money from your greediness.

mr.robot8

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in fact at the end of 2017 many have lost a lot of the value of their portfolios / wallets that's why we need to make the most of this new earning opportunity, this new bull phase of the market and leave no stone unturned to earn, it's time to make a profit and maximize the value of wallets

traderethereum

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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.

livingfree

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If they don't have enough experience in the market just like a few years ago, they wouldn't take profit. But us, we've got enough experience and it's very important not to miss any single moment of taking profit.

The bull run won't stay forever and after this, we'll never know how much and how big the dip would be if the market enters the bear market. The mindset of aiming to have more is very attractive but could lead you to more losses if not careful to take profits.

Ridwan Fauzi

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Your purpose when you try to invest or trade in crypto currency is getting money not to be a collector of the coin. Yeah, it is something that should be understood by everyone. You have to set the target price and sell it because it will push you to gain another profit once you buy the coin again.

And this is my strategy when dealing with this situation, I mean when almost crypto currency were increasing a lot then there will be a situation for the price drop because taking profit by most investor. Simply, when the price just make a sideaway market after the bull run season then there will be a chance for the price drop first. This is what I see now and greatfully I can avoid to keep holding the coin because I have sold all of my portofolio when its price still high.

pawanjain

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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.

Obviously there's a significance of taking profits at the right time buying selling at peak and getting back in at the bottom.
But the thing is not everybody knows when to take the profits out. Secondly, many of them are investors and not traders.
They hold for the long term and forget and doesn't really need to worry about the short term fluctuations.

tvplus006

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Quote from: elda34b on April 25, 2021, 07:55:21 AM

...No one can time it right. Luck plays a huge factor in this. The best advice would be diversify your strategy. Sell some portion of your portfolio to swing trade and get profits, and hold a bag if you think the project is good.

Very often, when you reach the price at which you wanted to sell the coin, the plans change and we set a new goal, after which we will sell the coins. And these expectations are interrupted by the bitcoin dump, after which the price of altcoins loses a third of its value. It is at such moments that we begin to regret that we did not sell the coins earlier, as planned. Conclusion: you need to fix the profit, and remember that there will definitely be a correction when you can buy back coins at a better price.

KaliLinux

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Quote from: TheMimic1 on April 25, 2021, 10:56:56 AM

People are just too greedy, they always want more and more price surge to fill their greed taste which is impossible, if you think because we have many rich whales investing big on crypto means bear market isn't happening every again you have been fooled

I agree with you. Investors are becoming more greedy they sometimes forget that if it is not in your account as Fiat currency,it is not yours yet. Even if held as stable coin is still preferably to save the lost but we want to ride the wave all the way to the top that we don't even know yet.
This cannot be stressed enough, investors must have target when you are investing, there must be an exit plan and how you wish to be taking profits on your way up the market so that should there be a sudden drop in price which we have already witnessed in the past weeks, you would have been save cos you have already taken some profits along the way.

TheMimic1

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People are just too greedy, they always want more and more price surge to fill their greed taste which is impossible, if you think because we have many rich whales investing big on crypto means bear market isn't happening every again you have been fooled

agg2702

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from here we need careful planning in taking advantage because when the correction and decline like now all will be too late. especially now that the market is uncertain and it is very difficult to predict corrections are happening everywhere so it is better to take a little profit and not be too greedy than to take risks.

RondoAnyar

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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

iamsange

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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.

This things keep happened, because it is nature when people see price increased, they aim for more. If their aim of prices reached again, they aim for more profit. That is because people keep have a big hope for their investment so their time to holding that coins is really worth. If price dumped like yesterday when it is happened for a first time, some of my friends posted picture that how much their losses because keep hold and not sell in high price too.

Ebede

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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 think what make some people unhappy in business is when they are not successful towards their business, so living souls become happy whenever profit is involve in any kind of businesse their doing, people will be extremely happy if their investment is moving according to their wish or direction in lines of business, so if alternative coins are making well definitely everybody will be grateful and work very fast to follow the benefit side of it.

serjent05

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I think this depends on the kind of terms the investor had planned. I do agree that it is very important to take profit but if someone has high hopes on the coins, he intends to hold it until his target price is met. But it is a different story if we are talking about pump and dump shitcoins. If we see a glimpse of profit we should sell before it is dumped to oblivion. Let us not be greedy and aim for unrealistic prices and even if we do, we should make sure that we already got our investment back like selling our coins to take back our initial investment and the rest for speculative trading.

int03h

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Choosing take-profit and take-profit points are part of an investment, so there should be a reasonable approach.
I have seen many people invest, they go from profitable to losing because of inappropriate buy and sell orders.
I usually sell 1/2 the amount of one of my portfolios when it's x2 worth to return my capital. In the next part, I'm going to let the market decide regardless of its value up or down.
After that, I will go on to buy another crypto and do it the same way. Just like that, I will buy the entire market.
Take profits and enjoy the rewards from them that will give you more energy and inspiration to be able to make more profits. That's how I make money in every market.

aprilnot

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Greedy and overly positive, these are two things that make people lose even though the market is rallying. and don't be too happy to see a growing portfolio because before selling it you didn't get any profit. I used to be like this too and I'm starting to learn from experience. the way to prevent this is to plan from scratch and determine the target profit that will be obtained.

dificanovi

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that's where we have to be good at finding the right time to sell and the right time to buy. I saw a lot of newbies who just bought crypto currency and after that they didn't know what to do. In general, beginners often sell their coins when the price of cryptocurrency is down, they think it is the right choice to reduce losses, even though they can still make a profit by being patient and waiting for the cryptocurrency price to rise again.

Reid

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Spot on!!!
Too much expectation. Greed. No contentment. It's all human.
But, we do learn from these mistakes. Maybe there are still newbies out there who are reading this.
Listen to OP, and somehow you could change the way you think with crypto investing. Altcoins are mostly for the short-term if it ain't Ethereum.
If it's Bitcoin then hold it as long as you live. When it comes to others besides those names, take the profit if ever there a chance.
Don't regret it if the pump goes on. Just move on.

martina14

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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.

You have some points of your statement actually, if some are gained a millions the in the end still they've lost, that means that person became greedy to earn more in which He/She didn't notice that greediness was already controlling his/her emotions. Well, there is a saying that, regret always comes at the last or We should learn to our mistakes.

masterrex

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I believe it was important and should be taken seriously because I'm already experienced that in 2018 When I was aiming for more profit and I didn't consider any possibilities that the market would collapse during that time and I was not able to withdraw my profit instead it has cost me with multiple losses because I was holding several coins and tokens. But now I've already learned my mistakes and get contented with what I have gained.

electronicash

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Quote from: elda34b on April 25, 2021, 07:55:21 AM

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

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.

You can always regret. Whether you sold way too early or you don't sell at all. Just imagine if you're holding some bitcoin and sold at $48, but then it went to $40k. Can you say with confidence that you don't regret selling at that price point?

No one can time it right. Luck plays a huge factor in this. The best advice would be diversify your strategy. Sell some portion of your portfolio to swing trade and get profits, and hold a bag if you think the project is good.

amen. nothing beats it when you have become an early investor or a token that had gone up to 100x while its price just $1 when you bought them. long term holders are just the biggest earners.

the cardano i have bought last year which was worth 0.02 ¢ i wont panic even if it dips to $0.20 because after all i just got it for a very low capital. although it would have been an opportunity to accumulate.

elda34b

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

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.

You can always regret. Whether you sold way too early or you don't sell at all. Just imagine if you're holding some bitcoin and sold at $48, but then it went to $40k. Can you say with confidence that you don't regret selling at that price point?

No one can time it right. Luck plays a huge factor in this. The best advice would be diversify your strategy. Sell some portion of your portfolio to swing trade and get profits, and hold a bag if you think the project is good.

Scripture

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Don't get overhyped, if you see greens on your portfolio, you have to analyze it right away either to sell or to hold for more days until the hype was gone. We already know how this market works, its pump and dump trend so what goes up, will always go down. Don't hesitate to take profit, you have to enjoy your gains without experiencing any regrets, take this from a person who lose so much opportunities to sell.

Coyster

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I'd prolly second your ideas op if you're basically talking about just altcoins, personally I don't consider altcoins to be long term investments, and if I'm to ever invest in any of them, I'd take my ROI asap, cause it seems to me with altcoins that there is always a dump on its way and that's cause a pretty high number of them are pump and dump coins. But that said, Bitcoin as a long term choice is good investment, there will obviously be price corrections every now and then, but if you do your own research into the network's historical price movements, then you'll prolly not be forced to sell under panic when they happen (considering you've decided to invest for the long period).

crzy

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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.

Nivia1st

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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.

that's why we need a target, when the target has been reached it is better to take profit. don't be too greedy to take huge profits. the market is like a roller coaster and we don't know what the market situation will be in the future. always use a target for each coin in your portfolio as that is very important.

Strongkored

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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.

akirasendo17

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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.

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