Weak or wise? - page 2. | Bitcointalksearch.org

cakravothy

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Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already from it begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

If there is no halving while I'm trading and my profits remain green, I'll close them. However, if there's a potential halving that may lead to a significant price surge afterwards, I want to hold for as long as possible, up to one year after the halving, before selling. During this time, I'll stake the coins I'm holding, which will increase the number of coins I own.

milewilda

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Quote from: lixer on January 09, 2024, 01:50:51 PM

Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

I always prefer to close trades with minimal profit when there is a risk that the market can swing in the opposite direction. Always feel like smaller profits are better than no profits, if not potential loss. But at certain times when I am confident enough, I let the trades run and try to maximize the profits. It works sometimes and other times it doesn't but you have to live with it because that's how trading works.

Greed can be good at times. Another thing you can do is cash your initial trade amount and then let the remaining go on in hope or a bigger profit. This way you don't risk losing money while till have a chance at making good profits.

For example, Let's say you short BTC at 10x and the price has increased by $1k, you can cash out and let a small amount run!

This is why as a trader it would really be that wise to close or not to make any positions on the time that you do saw that the market is really that indeed volatile on which its never been that good or wise
on making positions which you do know that it is really just that too risky for you to do so. There are really indeed moments or times in trading on which you shouldnt really that making any actions
or really that simply skipping out because of it is really just that too risky on making such move. You would really be finding yourself that be able to know on what are those stuffs
on the time that you are already that a experienced trader.

Learning everything or something as you do go further ahead with trading is really that normal on which it is really that something that you would firstly be able to encounter.
It is really just that impossible that you can really be able to notice up something on the time that you would really be able to make trades as you do go forward ahead.

Twentyonepaylots

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Quote from: lixer on January 09, 2024, 01:50:51 PM

Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

I always prefer to close trades with minimal profit when there is a risk that the market can swing in the opposite direction.

I wonder why some people call it a bad call or worst a weak trader when in fact those kind of trader have taken a profit based on their contentment. Ask all the experienced trader and ask if it happened to them because for sure, it happened to them. Market is volatile, swings will detached your position in a second. Take a profit when you have the opportunity.

Quote from: lixer on January 09, 2024, 01:50:51 PM

Always feel like smaller profits are better than no profits, if not potential loss. But at certain times when I am confident enough, I let the trades run and try to maximize the profits. It works sometimes and other times it doesn't but you have to live with it because that's how trading works.

Profit is profit, that's it. No need to label someone who makes a profit a weak trader.

lixer

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Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

I always prefer to close trades with minimal profit when there is a risk that the market can swing in the opposite direction. Always feel like smaller profits are better than no profits, if not potential loss. But at certain times when I am confident enough, I let the trades run and try to maximize the profits. It works sometimes and other times it doesn't but you have to live with it because that's how trading works.

Greed can be good at times. Another thing you can do is cash your initial trade amount and then let the remaining go on in hope or a bigger profit. This way you don't risk losing money while till have a chance at making good profits.

For example, Let's say you short BTC at 10x and the price has increased by $1k, you can cash out and let a small amount run!

rhomelmabini

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Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already from it begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

I am accepting that considering I'm not that great either, everything can be learned and if you have consistency then you probably learn more than the rest. You will never gonna time the market so if you think you will gonna profit in that trade then take it, profit will always be a profit no matter what.

Mate2237

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It is a wise trader. When you have gotten 80% of the whole profit of the trade and you are tired to wait to the end then you ave to cash out or stop the trade because you don't know what will happen in the end the trade. And if everything wipeout without any profit then you will become a loser of the trade and also you will be a greedy trader. In trading if you not the greedy type, when you have 60% profit from the total amount then you have to cut the trade and place another one again. And that's why we always advise the new traders to use demo.

But if you have the confidence that the trading will end well with you then you don't have to bother yourself and just be patient to see the end outcome. Remember that should be a very serious risk to take.

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Quote from: Assface16678 on January 03, 2024, 04:47:19 PM

Its hard to stay calm or a trader will experience anxiety and nervousness in his trade if he/she will monitor or look at his trade time to time, seeing your trade having a downtrade can affect your decision that's why its important to divert your attention while your trade is open it will only afd to your anxiety if you keep on checking it, if a trader has trust in his analysis and trade then he/she doesn't need to keep on looking on his trade its better to see it to the end, but of course its also common and normal to exit early in your trade its up to the trader if he/she will exit his/her trade and not follow the TP or SL set up, but yeah regret can be a common thing in this situation, many traders do this to cut loss which is not advisablr everytime, its still better to let the trade be at end.

I feel like if you are feeling anxiety after a while of trading, then you should stop trading and take care of that part first. I get that it doesn't have to be that quickly, just focus on what you could do and you would be able to handle it very well.

I personally believe that it is going to take a while, and not everyone will have a chance to do anything serious, just ignore all the trading, all the indicators, all the bigger deals, just ignore them all and focus on what you can do with something more serious like your emotions.

If you focus on that, then you are going to end up with something much more important, it should be important to notify that we are going to end up with something more rock solid with our emotions before we restart trading. Obviously, we all know that not everyone will be able to do that, but if we give it enough time, then we are going to end up with a great return, and should be something that benefits you when you restart.

Ben Barubal

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Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already from it begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

We probably don't want to be called weak traders, right? Because when we are weak traders, it means that we are not learning anything from what we are doing in conducting trading activity. Apart from that, we remain ignorant of trading, so we don't get any profit. That's how it used to be for me.

As much as possible, we should have a profit from the capital that we use in trading here in the crypto space, and at least in that case, there is development happening in our studies here in this field.

kojektea

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not sure. everyone is talking about the halving, I think the bitcoin ETF is starting to be forgotten but there is no positive news being published. If it is accepted at the same time as the halving hype this year, Bitcoin could soar and it is even impossible to predict the extent of the trend. I think this will be interesting to wait for. let's wait another 4 days it will be decisive with this bitcoin ETF. everyone is definitely waiting for a good decision.

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Quote from: Pandu Geddon on January 03, 2024, 07:38:26 AM

Quote from: the rise on January 03, 2024, 07:01:02 AM

Everyone should of course hope to be wise at that time. Unfortunately, sometimes a person's mentality or emotions are difficult to control, that's when we become weak in making decisions. We are in a hurry, fear and greed always haunt us between profit and loss. Therefore, always be reminded to always trade in a controlled emotional state, which will at least make you much wiser in making decisions.

In such a situation it is necessary to be calm to make decisions. even though it is not according to plan with the initial target. but when they have made a profit, traders can take steps to exit early. Indeed, there will be regret when it turns out that our main target was achieved by price movements. but it should provide a lesson not to panic too much when seeing a market situation that is moving quite quickly.
but maybe every trader also experiences times like that. I think that is normal for every trader who is in the process.

Its hard to stay calm or a trader will experience anxiety and nervousness in his trade if he/she will monitor or look at his trade time to time, seeing your trade having a downtrade can affect your decision that's why its important to divert your attention while your trade is open it will only afd to your anxiety if you keep on checking it, if a trader has trust in his analysis and trade then he/she doesn't need to keep on looking on his trade its better to see it to the end, but of course its also common and normal to exit early in your trade its up to the trader if he/she will exit his/her trade and not follow the TP or SL set up, but yeah regret can be a common thing in this situation, many traders do this to cut loss which is not advisablr everytime, its still better to let the trade be at end.

pusaka

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Quote from: the rise on January 03, 2024, 07:01:02 AM

Everyone should of course hope to be wise at that time. Unfortunately, sometimes a person's mentality or emotions are difficult to control, that's when we become weak in making decisions. We are in a hurry, fear and greed always haunt us between profit and loss. Therefore, always be reminded to always trade in a controlled emotional state, which will at least make you much wiser in making decisions.

Emotional control is very important when trading, once we trade in a situation where our emotions are unstable then something big might happen. Being wise in trading is something that is very difficult to do, one way that I think looks wise is when we can control our emotions.
I think there is nothing wrong with rushing to take profits when our target has not been reached, as long as we already know what we will receive when we make that decision. And I don't think there is any guarantee that our target will be achieved when we leave it at that time. Indeed, it may seem that we are not committed to what we planned at the beginning, but for me personally it is more about the situation when looking at price movements.

Pandu Geddon

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Quote from: the rise on January 03, 2024, 07:01:02 AM

Everyone should of course hope to be wise at that time. Unfortunately, sometimes a person's mentality or emotions are difficult to control, that's when we become weak in making decisions. We are in a hurry, fear and greed always haunt us between profit and loss. Therefore, always be reminded to always trade in a controlled emotional state, which will at least make you much wiser in making decisions.

In such a situation it is necessary to be calm to make decisions. even though it is not according to plan with the initial target. but when they have made a profit, traders can take steps to exit early. Indeed, there will be regret when it turns out that our main target was achieved by price movements. but it should provide a lesson not to panic too much when seeing a market situation that is moving quite quickly.
but maybe every trader also experiences times like that. I think that is normal for every trader who is in the process.

Volimack

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Everyone should be wise to trade. Besides this type of trading requires adequate time to research and monitor trades. It also requires a good understanding of how the economy affects the trades you are trading. If big economic news hits that day it can affect your position. So learn more about trading and how to go against losses.

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Everyone should of course hope to be wise at that time. Unfortunately, sometimes a person's mentality or emotions are difficult to control, that's when we become weak in making decisions. We are in a hurry, fear and greed always haunt us between profit and loss. Therefore, always be reminded to always trade in a controlled emotional state, which will at least make you much wiser in making decisions.

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Once you trade and gain profits, you did a wise move since trading itself is not easy but hard and complex job. Hence, those weak traders end up quitting from trading because they find it hard to overcome the risk and manage trading uncertainties. But for everyone who made profits even if they decide not to wait for the trades to end, I think that’s also their own strategy and we can’t force them to do that is not on their own will and plan.

Trading requires a smart and wise decision making to make a sustainable trade, otherwise you are just trading wasting your money and time.

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Quote from: justdimin on December 19, 2023, 01:02:23 AM

Quote from: Mr.right85 on December 18, 2023, 01:12:43 PM

Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

In my opinion, a trader that has mastered his emotions to not stir him or her into being too greedy in search for all the profits in the market, works by his or her analysis and is satisfied with a given number on the chats to find an exit, that trader is a wise trader. Have that about you and all you need is a little consistency in your profit making and you would do well as a trader.
You don’t need or have to get a whole lot from a particular trade, not all the profits in the market are worth risking. You could easily run into lose and in most cases, it becomes more difficult to get out when a previously established profit margin starts diminishing. It tolls with your emotions.

That is quite difficult to master though, getting rid of all human emotions for a period when you are in fact a human to begin with, is not that easy. We are not some robots who have no emotions and do just what we must, that's the reason why many trading bots do better than some humans, because bots do not have any emotions and only does what they must and that's it.

However, if we are talking about a situation where we are not seeing the current situation and we are constantly emotional that would be bad too. I think we need to find a middle ground, sometimes we could end up with some emotions and just keep ignoring them for a short period of time and we could make some money from that if we try hard enough.

Human beings are really that emotional on which it would really be just that normal that you would really be able to feel out on what are the things that you are currently dealing with specially if its really that related to gambling. We do know that human beings do really hate up on losing money on which it would really be just that normal that we will really be having these kind of reactions specially on trading. Decisions would really be made will really be depending on someones risks handling on which there are ones who are really that getting that satisfied whenever they do see greens into their trades on which on the time that they do make profit then they would really just simply stop and secure those profits and wont really be that making that position to be pending or would be lasting up long.

We do know that this market is really that highly volatile on which it would really be just that normal that people would really be minding about those reversals on which on the time that you would
see that those price movements is taking away your profits then you would surely learn and able to realize about the importance on securing profits while you can, unless if you are going for
long term then you wont really be caring at all.

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Quote from: Mr.right85 on December 18, 2023, 01:12:43 PM

In my opinion, a trader that has mastered his emotions to not stir him or her into being too greedy in search for all the profits in the market, works by his or her analysis and is satisfied with a given number on the chats to find an exit, that trader is a wise trader. Have that about you and all you need is a little consistency in your profit making and you would do well as a trader.

Being able to control the emotion to pass over the bad times is what makes the difference. The time when panic selling is occurring it is common to lose cool and step in the same direction as others are doing. But you could be in much greater future profits if you were to buy at the low considering it is bitcoin and that the price is now discounted for.

Quote

You don’t need or have to get a whole lot from a particular trade, not all the profits in the market are worth risking. You could easily run into lose and in most cases, it becomes more difficult to get out when a previously established profit margin starts diminishing. It tolls with your emotions.

It is not wrong to feel bad when the red market starts. But knowing that it is a part of a cycle, you can keep yourself from not swaying and be able to get over it.

Being wise here is tough and takes practice. Definitely not for everyone - those who cannot practice these things should avoid trading.

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Losing everything in the hope of extra profit is nothing but folly. Losing everything in the hope of making more profit is never the act of a wise trader. This can only be done by a weak trader. One of the rules of trading is that you can't be too emotional. Too much emotion will drown you. I think the money should be withdrawn only after a minimum profit comes. What to do if you lose your capital while hoping for more profit. Trading should always be done with intelligence and not with emotion.

cafter

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It happens with every human being who is risking amount which is big or substantial in his/her view. because seeing bankroll moving up and down cause emotions to take hold of our emotions.
I simply close the browser or tab after taking the trade and setting stoploss and take profit by my desired goal.
it helps me to stay disciplined and my emotions cannot able to control me then, When i see the trade live I close that trade in small profits and hold that trade in big losses hoping it will reverse.

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Quote from: Mr.right85 on December 18, 2023, 01:12:43 PM

Quote from: Stepstowealth on November 23, 2023, 06:03:22 AM

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

In my opinion, a trader that has mastered his emotions to not stir him or her into being too greedy in search for all the profits in the market, works by his or her analysis and is satisfied with a given number on the chats to find an exit, that trader is a wise trader. Have that about you and all you need is a little consistency in your profit making and you would do well as a trader.
You don’t need or have to get a whole lot from a particular trade, not all the profits in the market are worth risking. You could easily run into lose and in most cases, it becomes more difficult to get out when a previously established profit margin starts diminishing. It tolls with your emotions.

That is quite difficult to master though, getting rid of all human emotions for a period when you are in fact a human to begin with, is not that easy. We are not some robots who have no emotions and do just what we must, that's the reason why many trading bots do better than some humans, because bots do not have any emotions and only does what they must and that's it.

However, if we are talking about a situation where we are not seeing the current situation and we are constantly emotional that would be bad too. I think we need to find a middle ground, sometimes we could end up with some emotions and just keep ignoring them for a short period of time and we could make some money from that if we try hard enough.

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