what profit do you need to close the long position?

tenakha

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Quote from: kakonhat on October 10, 2018, 06:06:38 AM

Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

Actually, I couldn't define my percentage because I am a highly ambitious man and looking for a moon position target. Actually, I have already done 1000% plus but I am still holding for the moon. I don't like to bind my target in a little room.

Greed is good, but not always. Always waiting for big earnings can force you to sell cheaper. There's no such thing as a last point. Depending on the potential of token, you should have a price in your mind, so when candles reach essentail price, there shouldn't be greed.

BitcoinHunt3r

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Quote from: wxa7115 on October 10, 2018, 04:08:20 PM

Quote from: GregH37 on October 08, 2018, 04:38:44 AM

Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

I don’t understand the numbers you wrote there, maybe you meant to say 40%. Cause I don’t know why I should wait till 400%,like how long are you going to wait for that? Even 10% is good if you’re not going to be acting greedy.

Unless in terms of Hodling, then that one has no limit to what percentage I can get. But as for trading, you’re taking every opportunity you see to avoid loss, cause everything might go wrong and you will lose m, unless you setup stop loss, even with stop loss you’re still going to lose some money.

Everyone has their own philosophy when it comes to trading and investing, personally when I trade I do not have a fixed number in my head about the profits that I want to get because I cannot control how the market moves, in the best case scenario I can grab the profits that the market can give to me and nothing more, so if the market is only giving me 1% in profits instead of 400% I'm going to grab that 1% even if it's not much.

I know that many people do not agree with that philosophy, but I feel that trying to force you to get a particular number when it comes to profits is only going to add risk to something that is inherently risky as trading and since I prefer to not take too many risks I will grab whatever I can get.

Maybe because OP talk about long term investment and not day trading, in day trading even only less than 10% is good to pick and take our profit. But if people target less than 100% profit in long term investment, they will only waste their time.

wxa7115

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Quote from: GregH37 on October 08, 2018, 04:38:44 AM

Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

I don’t understand the numbers you wrote there, maybe you meant to say 40%. Cause I don’t know why I should wait till 400%,like how long are you going to wait for that? Even 10% is good if you’re not going to be acting greedy.

Unless in terms of Hodling, then that one has no limit to what percentage I can get. But as for trading, you’re taking every opportunity you see to avoid loss, cause everything might go wrong and you will lose m, unless you setup stop loss, even with stop loss you’re still going to lose some money.

Everyone has their own philosophy when it comes to trading and investing, personally when I trade I do not have a fixed number in my head about the profits that I want to get because I cannot control how the market moves, in the best case scenario I can grab the profits that the market can give to me and nothing more, so if the market is only giving me 1% in profits instead of 400% I'm going to grab that 1% even if it's not much.

I know that many people do not agree with that philosophy, but I feel that trying to force you to get a particular number when it comes to profits is only going to add risk to something that is inherently risky as trading and since I prefer to not take too many risks I will grab whatever I can get.

kakonhat

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Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

Actually, I couldn't define my percentage because I am a highly ambitious man and looking for a moon position target. Actually, I have already done 1000% plus but I am still holding for the moon. I don't like to bind my target in a little room.

coffigayo

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I think for the current market situation it is difficult to get big profits because not every new money goes into the market so you can earn a consistent profit. Most of the time I reach 10-10% in longs and pants but not every time.

Bitcotalk

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Quote from: Golftech on October 08, 2018, 02:06:21 AM

Quote from: kemetz on October 04, 2018, 06:08:24 PM

for me, that is a substantial number and it takes a long time to get a profit of up to 400% with current market conditions, I ask you "what strategy will you do to get 400% to cover all your needs?"

the best strategy solution to use to get a profit is to do day trading, but with a note must be careful in analyzing a coin that will be able to get a high pump or by following an accurate trading signal.

For long term hold its really better to wait for much higher appraisal of your assets, nonsense if you will just aiming for double or triple but instead
it can be more higher than that, but just like what you have said if you are looking for quick but risky deal doing short term trade can give you also
a decent profits, it's only needs some good judgement and a big nerve to take the risk.

Even for long term holds, you really still need to be able to look at the trend of the market or at least have a strategy set up to be able to know when you should be selling or when you should not be selling at all.

Of a truth, being a long term trader can actually be a whole lot less stressful when it comes to trading a market and when it comes to profit, all you just have to do is buy at the right spot based on price action on support, set a stop loss below the support and then look at the possible way you can get a good price based on price action on resistance afterwards and depending on the time frame you are looking at.

KingdomHearts

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Quote from: bering on October 08, 2018, 03:34:56 AM

I think the questions is how long you would be long term holder because for me if i hold more than a year then the profit goal should be not less than 400% but if i only hold for several months then i don't mind if the profit less than that number but being long term holders currently is risky although we are expect good profit as achievement goal but sometimes we missed it

That is not something you will always get to see definitely. The thing with a market is that you cannot guarantee anything at all and how far the market goes is something that can only be known with time.

I won't say the chances of seeing such an amount in percentage increase over a year is not possible but looking at the modalities of this market, the chances of seeing most altcoins achieving that within few months and retracing back lower is always going to be there before even a year runs out, so it all depends on how good you are at monitoring trends at least, when it comes to long term holding as the case may be.

Ipwich

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Quote from: GregH37 on October 08, 2018, 04:38:44 AM

Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

I don’t understand the numbers you wrote there, maybe you meant to say 40%. Cause I don’t know why I should wait till 400%,like how long are you going to wait for that? Even 10% is good if you’re not going to be acting greedy.

Unless in terms of Hodling, then that one has no limit to what percentage I can get. But as for trading, you’re taking every opportunity you see to avoid loss, cause everything might go wrong and you will lose m, unless you setup stop loss, even with stop loss you’re still going to lose some money.

For long term, 400% is possible, like what I saw with the price movement of PundiX, it has pump this year for like 1,000% and that is less
than a year, I guess it's even considered short term, so it's really unpredictable and everything is possible in crypto.

GregH37

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Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

I don’t understand the numbers you wrote there, maybe you meant to say 40%. Cause I don’t know why I should wait till 400%,like how long are you going to wait for that? Even 10% is good if you’re not going to be acting greedy.

Unless in terms of Hodling, then that one has no limit to what percentage I can get. But as for trading, you’re taking every opportunity you see to avoid loss, cause everything might go wrong and you will lose m, unless you setup stop loss, even with stop loss you’re still going to lose some money.

bering

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I think the questions is how long you would be long term holder because for me if i hold more than a year then the profit goal should be not less than 400% but if i only hold for several months then i don't mind if the profit less than that number but being long term holders currently is risky although we are expect good profit as achievement goal but sometimes we missed it

Golftech

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Quote from: kemetz on October 04, 2018, 06:08:24 PM

for me, that is a substantial number and it takes a long time to get a profit of up to 400% with current market conditions, I ask you "what strategy will you do to get 400% to cover all your needs?"

the best strategy solution to use to get a profit is to do day trading, but with a note must be careful in analyzing a coin that will be able to get a high pump or by following an accurate trading signal.

For long term hold its really better to wait for much higher appraisal of your assets, nonsense if you will just aiming for double or triple but instead
it can be more higher than that, but just like what you have said if you are looking for quick but risky deal doing short term trade can give you also
a decent profits, it's only needs some good judgement and a big nerve to take the risk.

centimentalking

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Quote from: MathGame on October 04, 2018, 11:31:55 AM

Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

Anything between 600% - 1000% in profit is good for long-term investment.

In the current market 6000 to 1000 profit is too much to think about I think getting 100% profit is also good I mostly do trading with 20 to 30% profits.

promich21

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Quote from: stomachgrowls on September 25, 2018, 03:07:27 PM

Quote from: wxa7115 on September 25, 2018, 02:36:35 PM

Quote from: johnwest on September 18, 2018, 12:19:06 AM

I dont target for more than 25%. If I get that much then it is good for me. Most of the time I reach 10-20% in longs and shorts but its not every time. There are losses too so be aware of the market and trade safely.

Earning those kind of profits consistently is very difficult but if you can do it then even if you are only able to select a winning trade about half of the time you will still have substantial profits if you set a stop loss that goes accordingly to the volatility of the market, people concentrate too much in trying to win a trade and while there is nothing wrong with that the most important part is how much you lose per trade, it doesn't matter if you earn 25% for each winning trade if you lose 30%, after just a few trades you will face bankruptcy.

So it is better to aim for lower profits if that means that your losses are lower as well, but as you may know there are many ways of trading the market and as long as you're making money then you are doing it right.

Balance between Risk and Reward should always be put up on investors mind.Its correct that most people do focus on how much they would make money and forgetting even the basic principles
which would lead up into problems later on if you do let yourself neglect those things. Each trader do have specific targets basing on their own positions.Just like on my part when we do talk long
theres no exact multiplier but as long i do see gains then it would already be enough and dont even ask for more.

Well it depends upon person to person on how much profit he has decided to get from his position. I would suggest not to go for a very high position and keep on booking profits.

kemetz

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for me, that is a substantial number and it takes a long time to get a profit of up to 400% with current market conditions, I ask you "what strategy will you do to get 400% to cover all your needs?"

the best strategy solution to use to get a profit is to do day trading, but with a note must be careful in analyzing a coin that will be able to get a high pump or by following an accurate trading signal.

shield132

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Can't say that I have some fixed profit in idea, I usually watch what's happening but this situation is a lot like a hell. My main idea is to sell bitcoin at it's highest. Imagine this winter, you have bought bitcoins in 600$ and after some months price goes, goes and goes, it reached 10K usd and I sold. Then in some hour, yes, in some hour price rises by 4K usd and it's 14K. What do you think, how will you feel in this situation? You lose a lot of profit because sold bitcoin earlier and then after some days it reachs 20K, that's insane.

MathGame

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Quote from: Tory-Tory on July 21, 2018, 01:43:58 AM

If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

Anything between 600% - 1000% in profit is good for long-term investment.

wxa7115

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Quote from: namcunguyen on September 25, 2018, 03:05:20 PM

This is going to sound counter-intuitive : as soon as you enter, the first order of business is to reduce risk. This means exiting a portion of the position as early as possible.

Each person has their own way to trade if that works for you then that is fine and you should keep doing it but I have the opposite philosophy, whenever I enter a trade I know very well at what point I want to get out of it in case I made a mistake in my prediction, so I know very well how much risk I'm taking in every single trade I take, but when it comes to getting profits I do not have an established point at which I'm going to get out, I like to let my winners go as far as they can.

The advantage of such system is that a single trade can be quite enough to cover many losses and if you have a decent winning rate ratio then you're going to make profits in the long term without too much trouble.

stomachgrowls

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Quote from: wxa7115 on September 25, 2018, 02:36:35 PM

Quote from: johnwest on September 18, 2018, 12:19:06 AM

I dont target for more than 25%. If I get that much then it is good for me. Most of the time I reach 10-20% in longs and shorts but its not every time. There are losses too so be aware of the market and trade safely.

Earning those kind of profits consistently is very difficult but if you can do it then even if you are only able to select a winning trade about half of the time you will still have substantial profits if you set a stop loss that goes accordingly to the volatility of the market, people concentrate too much in trying to win a trade and while there is nothing wrong with that the most important part is how much you lose per trade, it doesn't matter if you earn 25% for each winning trade if you lose 30%, after just a few trades you will face bankruptcy.

So it is better to aim for lower profits if that means that your losses are lower as well, but as you may know there are many ways of trading the market and as long as you're making money then you are doing it right.

Balance between Risk and Reward should always be put up on investors mind.Its correct that most people do focus on how much they would make money and forgetting even the basic principles
which would lead up into problems later on if you do let yourself neglect those things. Each trader do have specific targets basing on their own positions.Just like on my part when we do talk long
theres no exact multiplier but as long i do see gains then it would already be enough and dont even ask for more.

namcunguyen

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This is going to sound counter-intuitive : as soon as you enter, the first order of business is to reduce risk. This means exiting a portion of the position as early as possible.

Klausi

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Quote from: wxa7115 on September 25, 2018, 02:36:35 PM

Quote from: johnwest on September 18, 2018, 12:19:06 AM

I dont target for more than 25%. If I get that much then it is good for me. Most of the time I reach 10-20% in longs and shorts but its not every time. There are losses too so be aware of the market and trade safely.

Earning those kind of profits consistently is very difficult but if you can do it then even if you are only able to select a winning trade about half of the time you will still have substantial profits if you set a stop loss that goes accordingly to the volatility of the market, people concentrate too much in trying to win a trade and while there is nothing wrong with that the most important part is how much you lose per trade, it doesn't matter if you earn 25% for each winning trade if you lose 30%, after just a few trades you will face bankruptcy.

So it is better to aim for lower profits if that means that your losses are lower as well, but as you may know there are many ways of trading the market and as long as you're making money then you are doing it right.

Partly that's a wise options mate, but with the current trend of the market we need to invest much higher capital while price was still cheaper. Even though we're earning small profit while the market still in declining mode, it doesn't mean it just ended there because as we hold our asset the chance or potential growing value is always possible to happen.

Topic: what profit do you need to close the long position? (Read 2207 times)