Topic: Weak or wise? - page 6. (Read 984 times)
The decision to exit a trade with partial profit does not reveal the strength or weakness of the traders but is a strategic decision. I generally do not agree with this opinion, as if a trader truly believes there is a possibility to exit a market with profit, then they would have the full capability to gain full profit. This is simply a matter of comprehensive research, proper evaluation and a well-defined trading plan. It is only a mistake. In reality, most traders spend most of their time keeping themselves stable or taking verbal or creative risks that follow personal emotions and commercial endeavors.
In trading there are both weak and wise. I think, If you make profit from any coin, then take it profit and left on. After that, he should invest other coin to take profit. I do it rapidly.
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?
For me, it goes two ways and that will depend on what the said trader sees before exiting. If he's exiting because he doesn't want to lose the little profit he has made and not because his technicals are telling him to exit, then he's weak. He has an issue with his emotion and should put it to check. Emotion is the big killer when it comes to trading. However, if he's exiting because he spotted a change in the direction of the market; then it's a wise decision. That's why I said it's a two-way thing. 
Greed will come to the trader and tell him to keep waiting for the price to rise higher. But the reality is that the price can immediately decrease without notice, so we lose the opportunity to make big profits.
Gamblers are weak because they cannot control their emotions in trading. They are always influenced by what is happening in the market and cannot adapt to what is happening in the market.
By always studying trading analysis, at least we will know when we enter and exit the market. We can avoid greed and take advantage of the benefits we have obtained.
But it could also rise too, who knows? I mean if you see bitcoin go to 50k tomorrow morning, you will think that it went up a lot, and it could have some profit sellers which makes sense because some people will definitely sell to take profit, and you may sell to avoid that drop, it wouldn't be a bad idea. However, what if there are people who have FOMO and they buy even more than the sellers so the price goes to 50k+ and just suddenly keep on going higher and higher? Is that impossible to happen?Gamblers are weak because they cannot control their emotions in trading. They are always influenced by what is happening in the market and cannot adapt to what is happening in the market.
By always studying trading analysis, at least we will know when we enter and exit the market. We can avoid greed and take advantage of the benefits we have obtained.
I think it's possible and that's the part where you need to make a decision. If you hold, and price goes down then people will say it was a greedy move, but if you hold and it goes up then people will say it was a brave move. Same logic goes the other way too, if you sell and if it goes up then it will be a wrong move, but if you sell and it goes down then people will say it was a smart move. What it will be labeled doesn't depend on what you do, it depends on what follows later.
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?
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?
This is a case to case basis depending on different factor.
Weak Trader:
-If you take profit just because you are a bit excited because the price move after you purchased without analyzing the price chart if it’s still just the beginning.
Wise Trader:
-If the market is already reach a resistance or there’s a negative news that you knew that the price will be affected heavily. This time, Taking profit is really good because you already gain some despite it didn’t meet your target since you can always open new position once smoke is clear which you will knew if you analyze the chart.
Remember that taking profit early is still much less painful than taking loss while you already have the opportunity to gain profit.
Another characteristic for both the weak-trader and the wise-trader are, the weak-trader has too much love for his money and he/she is afraid to lose it. To have the conviction to invest and see the whole investment through, we need to separate ourselves from such emotions. For the wise-trader, he/she studies and does his/her own research on the intended asset. That's probably why wise-traders have more conviction to avoid the mistake of selling the asset too early because he/she knows that current market value isn't the real asset value.
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?
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 think there may be various reasons for this, sometimes a trader has a fear of a market crash when he gets a decent profit , due to which he closes his trade. It often happens that the market doesn't go as far as we think the market or our profits will go, and our profits are lost. Like traders who take their profit before time and exit the market you can call them weak traders but I think they are wise in terms of their decision.
This is because if he is exiting the market with less profit then if he has no problem then we should not be concerned, because he is still in profit. If someone takes a losing trade then we should call him a weak trader. However, every trader has his own mindset according to which he trades. Some people invest all their capital in one trade, and some people invest 10 % of their capital in one trade, so people who invest 10 % of their capital cannot be called weak, because he is doing the right trade according to his thinking.
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?
To be a wise trader is much better than being too brave without any considerations. In terms of trading, there is such a thing as careful calculation and consideration based on several things or factors. Trading is not something to prove that when you stop it means you are weak and when you continue it means you are strong. that's not the basic principle. However, when you know the right time to stop or continue, that is what makes you wise and strong, with a basis for consideration. because this is also implemented to manage risk in trading. So, don't just be brave without various considerations from various analyzes. 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 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?
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 think that whether you are weak or smart traders is not the issue from what I see in the question you asked, dude. The more important thing is that you know what your purpose and goal are in performing trading skills here in the crypto business.
Because the confidence of a trader in his trading activity is different compared to his feeling that he is confident, these two are different. Of course, in trading with confidence, this is when you are confident in what you are doing and you don't feel any doubt. because you know that you will get a profit because you know if it is possible to happen based on the analysis you did or saw, compared to feeling uncertain about what you did or doubting that you feel.
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?
While trading creates wise and smart traders, there are still instances that make a trader weak. But with the given situation OP, I guess exiting a less profitable trade does not make a trader weak. He is just taking the assurance that he will not suffer from losing a trade if he will cut his trade and exit. Well, every trader has its own choice when to start or exit a trade, and as long as the profits is already there, that trader is still making a good and successful trade.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?
But if we can maximize the profits in trading, the better. The problem is we can't predict correctly what's about to happen in the market the moment we decide to trade, the reason why if we are currently seeing good amount of profits, then its better to make an exit in trading. Otherwise, your expected profits will suddenly turn into losses and that's something we don't want to happen.
It is not about the result you get from a single trade, its about making a long term profit making system for yourself that will decide if you are a weak or a wise trader. I personally do not see the current situation changing all that much, and in the end we are talking about a situation that could benefit you if you are a wise trader over course of many years. Any trader could end up making a good trade, even a %100 profit doubled my money sort of trade, that doesn't mean that you are a wise trader, it just means you got lucky, however if you keep making %25+ per year, doesn't matter if its %26 or %100, if you make that per year on average then you are a wise trader.
There are different scenarios. If a trader is confident with his trade and decision and he has enough knowledge and experience in trading, he will wait for the set TP to take profit or the SL to stop loss, but sometimes that's not the case. If TP and SL are just the margis, they can wait for the price to hit in either one of them, or a trader could close the trade early if he saw that the trade had gained some profit or a reasonable amount of profit, or if by any chance that the data or the movement of the market go against their analysis, they could minimise the loss.
But for wealth traders, they will close the trade if they do not have enough experience and knowledge in trading, and because of their emotions, they are easily nervous and scared if they see their trade going down, which is sometimes part of the market movement. Beginners in trading tend to do this.
But for wealth traders, they will close the trade if they do not have enough experience and knowledge in trading, and because of their emotions, they are easily nervous and scared if they see their trade going down, which is sometimes part of the market movement. Beginners in trading tend to do this.
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?
Most people usually have a goal set on their shorts which is usually calculated from what I can assume a lot of factors. They usually wait for it to go past that price before exiting instead of exiting when they made profit to maximize everything. That's what I'd call a wise trader. A weak trader is simply leaving while taking profits, no matter how much. Now that would be me and why I hate trading after realizing that.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?
A weak trader can be a wise trader if they start realizing how inefficient they are, not to mention they probably accumulate more losses instead and so try to look for other strategies possible, in my case I started DCA instead. Less profit, but hey, it does its job.
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?
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?
It is better that I take little profit and close the trade than I allow greed lead me to loss. You might think that the profit is small but the important thing is that you made profit. The little profit that you have seen is far better than the big profit that you have seen but expecting to see it. This is why I wouldn't say that it is due to weakness but because you are after not securing loss. The painful thing is when to think to the south and the market turns north, this is why trading secure more of loss than profit because it is difficult to know where the direction of the market in the next minutes.
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?
When trading, you have to learn to take profit. Sometimes, even if that's not what you want, you might be in profit now, if you don't take the profit, maybe in a few minutes you will be in loss. Whenever you are not sure about the market condition, it's better to just take the little profit you have made and wait till you notice that the market is balanced again before entering again. If you are the type who will always wait for your TP, there are times when you will miss the opportunity to take your little profit and you will end up selling at a loss. 
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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?
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?
You know, getting out of a trade when you have made your target money instead of waiting around for the perfect trade thing isnt actually a bad move at all. I do not think it means someones a weak trader or anything. If you think about it, pulling some gains off the table shows you have got your head screwed on right when it comes to managing risk. I mean, the markets can turn real fast so locking in those profits means you dont end up losing your shirt if things go south. This game aint always about nailing the perfect trade anyway and more like its about using your wits to make the right calls. So I would call that smarts, not weakness!
Securing the profit is wise. But he should also look into the next day where his entry point will be. The market doesn't stop when he takes the profit. The term weak was used for those who are dumping, or selling out because of the fud that's what I know, and still used today in stocks for weak and diamond hands.
There is never really a way to maximize TP but you can at least take profit as soon as you see the price is almost the ATH.
There is really no weak or wise in trading, because if you happen to be weak, you have no chances to survive the first phase of your trading most especially that it's in here where you are faced with bigger challenges in trading. The fact that you overcome those barriers in trading, simply means that you are just right in trading.There is never really a way to maximize TP but you can at least take profit as soon as you see the price is almost the ATH.
In times where you make an exit from your trade, most likely you are already satisfied with your current profits and just leave the future profits for your next trade. No need to specify if you are weak or wise, because once you decide to enter trading, you're in for bigger challenges and combatting those makes you a great trader.
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?
Why will I accept being a weak trader? Weak traders don’t use their knowledge to trade, and anyone who can’t use what he or she has acquired to get what they want will definitely need more guidance in what they are doing since they follow their feelings to do what they want. However, do you know that weak traders hardly gain from their trading? This is because they are too weak to utilise market stability, which is not working in this industry. Weak traders trade based on how they feel, and they easily get emotional when the market goes to the other side, so they sell even if they will gain nothing. So for me, I will try as much as I can to adapt and get what I want from my trades. 
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?
As long as you are already in profits, then I have no issue with that even if you make an early exit. That's your choice and I'm sure some situations may force you to do that and for me that's understandable. No matter how strong our solid plan in the beginning, there's always chances that we need not to stick for it not because we simply don't want to, but there are some factors or situations that suddenly arise and we have no control about it.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?
For me, you are wise with that decision. You only become weak when you trade and do early exit even if you are still losing. That shows that you don't have the qualities of a good and successful trader, so its better to leave trading while you're still able to control your losses.
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 will consider it a wise trader if the title matters a lot to you, but it should not be because there is no universal single definition of wise or weak traders; therefore, you will not find any single explanation for your answer. The only thing that should matter for you is the profit and loss ratio with respect to the risk you are taking.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?
To explain my answer, I will say a wise trader is the one who doesn't take extra risk and instead tries to book profit as much as he can. For example, if you invested $100 and made a $200 profit on your $100 investment, now you have a total of $300. What you will do, I will suggest, is book your investment of $100 that you have made, or maybe 30% or 50% profit also, but if you think your trade has more chances, then you can take the risk with the remaining %70 or %50 percent.
The waiting for an end must depend on your analysis; doing it blindly will bring you towards losses.
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.
no one can know when will be the "end" like we say no one can predict the top and bottom of the market like this you can not hold your trade till the end.
I exit my trade after hitting my take profit or stoploss, just sometimes a hold the trade after reaching take profit when i see the trend is strong.
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?
wise trader is who always follow this plan exiting a trade according to his plan and entering a trade when his plan or strategy tells him. not by seeing some quick candle spikes.Jump to: