Bitcoin Forum

As newbie I have not bothered about the profit that I have missed taking out just because that I believe another profit will fill up for me. I have been on this for some time but with my growing knowledge in the trading business, I now seeing it differently that the profit I didn't take was gone and another profit that got filled is a different profit entirely which means I may have been made more of profit in the account and lesser losses. Lately therefore I take profit as it comes and this has worked for my trading experience. It is not scalping if you see your profit going down the pit.

What way do you take your profit ?

Or you feel the regained profit is same profit that you lost  ??? ::)

I just take profits whenever it comes to me, except when it's bitcoin because it's intended for long holds. 5% or 10% increase is still a profit, and it adds up in the long run. I've also learned this the hard way, ad I refuse to take profits lower than 10% back then and always ending as a bagholder or just forced to sell at a loss even if I don't want to. Since then, I learned to appreciate small rises and profits, and if I deem that the coin will no longer make a push upwards, I won't be greedy and just take any profits I get.

Actually, it is not much different if using the scalping trading method, obviously taking profits early and determining the target price to take is a common way as it should be. However, scalping without a good knowledge base will actually make the trader doubt where he should take a profit point and where he will be back in line with the hope of the next increase as he expected.

Every novice trader really wants to quickly take profits, so that the coins he trades are profitable.

In general, you need to be very careful with a profit. This is a very thin line between profit and loss, and it is important to feel it.

You are right that profits once gone are lost and those profits as well as that time won't be back again. Whatever comes will be the future profits and the past profits once lost can't be justified. I take 50% profits plus the capital, and let the remaining profits run - that's my way to keep the trade going and even if I lose a bit in the trade, I'm ultimately the winner because I already took out my capital and some part of the profits. I support your thoughts on taking out profits on time so not to regret later.

Any profit gone, is gone and can't be retraced. Another profit that comes up is a different one and can't be treated as profit missed. Apart from the problem of most traders not using the Stop Loss (SL), not taking profit and allowing it run is another. For me, I try to break even once in profit. I hate watching my green turn into bloody red. Once in profit, I secure it. Traders should learn how not to be (over) greedy. Quite all right, there's nothing wrong in trying to get in more profit on a winning trade but overdoing it is bad. It's same way that being ambitious is good but being ovatly ambitious is bad.

I try to take like 30% or slightly above it on any winning trade and then allow the rest run until I'm sure it's juice is dried up, so to say.

This is a good ideology where you see all your trades as absolutely independent and figure out profit and loss of each trade independently, this not only gives you a fresh mindset while entering each trade but also ensures that you cut your losses on time and take profits timely too. But what I have experienced in my trading is that no matter what you should always try to ensure minimal interaction with your trades once you have entered, which means you should not change your TP & SL once you have entered the trade, if you want to take profits early set a nominal TP so it gets hit quickly but if you keep on changing it in longer-term you will close your profitable trades for less profits and hold onto your losing trades.

it's always good to take profits when you see its enough profits in just a short period of time, because to be honest based on my experience you will end up losses wherein if you will expect too much from the hype of the market, it's totally not really safe especially for day traders. So much better to take what profits you already made from it than waiting for it to be vanished and forced you to keep holding which is a bad idea. We need to be smart on this kind of market thats what i can say.

The problem is missing out exact peak or exact reversal points.
What you are saying is practically possible as it is not about trying to make profits on both ups and downs but it is about booking at peaks and then buying back at bottoms when available. Honestly I have tried these for my altcoins but not with bitcoins as I am scared about unexpected jump after I book profits for my bitcoins.

Even we are not catching exact peak will not be a problem but if market shows another round of rally just after booking profits then I guess all the efforts of long term holding will end in vain. So, I am not into such practice at least for my bitcoins.

Things inside my mind when it comes to profits is that i dont really stress out myself on looking back into those losses or missed profits because it would really just distract you out if you do really let yourself get stressed on whats on the past. Be mindful on how you would be making yourself profitable with your next trades and this thing you should bare in mind because this isnt a race but rather being sustainable because this isnt something that you could only make 1 profit and 1 losses.This is continuous and just moved on when you do commit mistake.Thing here is there you do learn despite of those losses and make yourself even way more better.

I personally tray to take every day on its own, some days i will set myself to a certain goal and if i reach it i stop and if i don't i don't linger about it too much, at the start i was really focused on my overall cap  and i was trying so hard to grow it quickly and therefore when i get a loss i try to increase my trades to recover it and i end up losing more, but after a while i stopped thinking about it that way and i started treating everyday on its own, even if i suffer huge losses i would come back the next day with positive mind set and i would be happy to make even a dollar of profit.

Your current view of the market is the correct one, when a trader losses their money they are always trying to make up for that loss with the next trade, and this is the incorrect way to go about this, even if you obtain profits that can cover your losses, it does not change the fact that you lost that trade, that is forever set in stone and no amount of profits can delete this fact, what must be done is simply see if you followed your system, and if you did, then you just assume this is the price you have to pay for being a trader, but if you did not followed your system then you need to wonder why this was the case and then try to fix it.

^ If you did this for years you have hit a double profit if you have profited in trading but you missed taking out because you believe that there will be more to come and you are right, from holding cryptocurrency you already gain profit, and from trading, another profit. Once you are holding a cryptocurrency as your gained profit, it will become more profitable while waiting and there is a bull run come, not unless if you are converted it quickly into cash. taking profit at once it seems you are quitting in trading, I take profit once there is and leave the capital, probably that is a good way to continue your activity and not fully stop.

Missing the opportunity to take profit usually happen if you don’t have a target price and becomes greedy in holding your crypto, I see this as a normal situation for every newbie. I always take profit and reinvest it in other projects that is about to rise as well so by this, I can be more profitable without having any emotional attachment on every cryptocurrency that I trade, because I play according to the plan.

I think that's the best part of hodling since you aim for the higher target or long term profit although, it's right just to take your profit if you know yourself that you won't get any in the future since you just want to hodl. You should make a list of your daily trading activity the same as to OP too if you want to see how much profit or losses you have got.

I think it's better if you reinvest it back to Bitcoin instead of trying other coins because you know that not every altcoins will be the same as Bitcoin. You might be gambling here if you don't know what type of project you are trying to trade although, it's your choice though if you want to trade other altcoins then it's up to you. Just be careful with the pump and dump coins or you will surely hold a bag of shitcoins.

Different people have strategic ways of pulling out their profit whenever it comes, on my perspective, i think delaying profit whenever it arrives is a waste of time, i will like to let you know base on my own initiative, take your profit because  if it happen to occur in the losing side and after you regain another profit, it's very obvious that you are in line of losing position, so the best option is to cash out the gain you made whenever it comes, and when any other one surface actually it's also still your profit for the second time. I do advice people do not hesitate to bring out a profit.

There are days when I feel very angry with trade, because the price keeps falling and just when it's time to buy I have to leave the house and when I come back to have another chance to buy and sell to make a profit I have to stay an eternity in front of the computer, this is stressful


sometimes lack of time is also a reason for not being able to make a profit.

Entering a trade is easy… what is difficult is when to get out.

If you are in a losing trade it’s best to get out ASAP before it turns into a huge loss. If you are in a winning trade however it’s different because if you get out as soon as you get a little profit and you don’t let it run then you are hurting yourself because if in the future you run into a trade that is a loss then it’ll wipe all your previous earnings. So some trades you just need to let them run. Taking profits too early is never a good idea.

Every trader has different strategies to trade cryptocurrency. If you are wondering to get small profits by taking advantage of the volatility then you can't gain big profit. It's called day trading. I was on this strategy and missed big profit when the market move up suddenly. Now wondering if I hadn't taken the opportunity of small profits today I should have 10x of my portfolio.

For me, I am just wondering to change the strategy. Lately, I don't have enough time to do trading. So decided to trade for a longer and wait for the market dump. If it's a dump then I could take an entry. Otherwise missed it and the profits have gone.

The way I take profit is by calculating how much I have actually lost down the pit. Meaning, I will not go for the next profit because logically you are not profiting unless and until you recover your lost investment. The trade goes very simple: If you had x trade going on and at the same time you also have y trade on going but meanwhile you lost the investment and gotten (y + profit) - x = On going trade. In this case, y must be in profit otherwise you will straight away end up as (y - x) = - ( y - x) ~ If unsold and ( y - x) = 0 (If portfolio is sold already).

This means you already lost the bet. If not sold, then you should always rely on the y + profit and must not introduce any other investment z which I call as extra burden to be recovered. You are in positive only if your  y + ( profit = x value). This is the simplest way to tackle this just dont add that z until you are clear off all the bets.

I am trying to take my profit when the price increase to the high price and although I only sell some portion of the coin amount, that is still my profit and I do not mind holding for more to expect of making the other profit. I do not mind losing the profit that I might get before because I believe that I can make another profit from the other coins.

You need to know when you should take profit. Otherwise, you only hold the coin without enjoying your profit. Maybe the important is when the price can start to jump double from your bought price, you can sell all of the amounts or sell step by step to take your profit.

This kind of stupid mistake of not taking profit appropriately had once happened to me due to greediness having reached my target I didn't close the trade unfortunately the price reversed and I ended up in a loss, however I had learnt my lesson, I now ensured that I take profit irrespective of how small the profit is having knew that another opportunity will avail itself and I also ensured that I prevented any form of emotion while trading because emotion has also been one of my drawback or obstacle when I was a newbie trader.

I know it's hard to say that what the next move of our coin will be like whether it will grow or tumble.But whenever there are satisfactory returns i usually cash out the profits without being any further greedy to loose all of them in one big crash as i have experienced it in the past so don't want to go that way.So like if i have made 20-30% profits i take out my profits and hold the investment for long term.

to take profit I usually divide it into several targets, where if the first target is reached then some of the coins I sell, so that later there are a small number of coins that I have for fun in the sense that I might speculate to hold until I have a fatast profit because of the pump, but if there is a crash at least I already have a profit from the previous sale

Yeah I understand what you mean and also understand how you can do that. It is nice not to lose all the profit made in a particular trade just when we are expecting more profit to be filled and that greed can come back to hurt us when it runs to lose.

And for traders wondering how to take some profit while your trade is still running, you adjust your order . You do that by adjusting your entry price above (if you are buying) to a point that you have taken some profit and adjust below your entry if you are sell (also to a point you have taken profit).

it's very good I also take profit at any time with a certain target and return to choose coins that have the potential to get other profits. because in my opinion, with fast price movements, it is very regrettable if we miss the profits we have earned when prices are high.

I think we should book and respect our profits because profits has been come from great attention and hard work or thinking. Some trader has the tendency to play with profits may be their own money, they can do anything but we should calculate our profits and go big in life. thank you

Taking profit on your trading and investment is another game entirely,  profit taking require another skills set different from trading profitably!  What I like to do is to speculate valuation of an asset in advance, if those speculations value are met,  I sell immediately.  Another profit taking method is scalping!

Instead of taking small profits and dividing so many targets, traders love big profits and impose a very thick and high target, even after old goals are accomplished, they continue to wait to associate happier, richer outcomes all at once and of course, a few times the market will respond to opportunities as an exception but asking for so many times is almost impossible. Children need time and nutrition to grow taller and there will be a time to stop, trading is similar, high to a certain level will stop and slowly lower, need to switch to a new form, so taking profits is the way to preserve the golden age, don't miss it

If you consider yourself as a trader then its very important to take out your profits in the regular intervals which depends on your trading time period and invest the profits you made on something which has less volatility which can be gold or real estate and this may not work for traders with small capital so they have to approach differently by compounding their profits again and take such gamble.

Taking profits is not a bad decision ever. This is one of the major mistakes of traders especially those people who are just starting. They don't stick with their plan especially for those using risk management, like risk: reward ratio.
Huge or small profits, it is already considered profits. So never ever underestimate the profit you will get when closing your trades because there is very lot of trade opportunities.

I take my profits and i don't hesitate because i believe the little i see at that period of time is mine.
If you keep accumulating profits,it might reduce over time e.g leaving profits during trading gold,since gold has high volatility,the profits might just run down to zero  and even begin to read on minus which automatically means you're running on loss.
What really makes people accumulate profit is 'greed',when you are looking at getting a bigger outcome from a smaller account capacity,then the funds are gone into thin air  :)

The thing with trading is we have all kinds of trading platforms that have different take profit mechanisms and if you can find one that allows you to take profit automatically if a certain predefined price is reached then you should have your problem solved of missing out on taking out your profits. Because what's popular right now is most users buy and hold and if you not checking on price those profits don't get realized if you don't sell manually when price goes up.

In trading my strategies has a little bit of changes than others, for example if I lost in some coins a massive amount then after that I prefer to invest in the other coin and get the profit and recovered the loss which I had made in the previous coin, Which must be better and can be a great way of getting your profit.

I'm not a day trader, so I can only give my perspective of being a small bag holder who occasionally buys and sells some tokens, sometimes shitcoins. Unrealized profit means nothing. It's only good on your screen, but as long as you haven't cashed out, you haven't received any real profit. After the significant pump, I often react with selling significant or almost all portions of my bag. If the coin keeps pumping, you still end up in PROFIT from previous sales, so there's no reason to be sad (don't be greedy). In fact, most of the time, after I sold the token, the price immediately drop and could give me less profit if I waited for too long. The key here is to treat gain like "rarity." Let's say (depend on the market cap) 25% common, 50% common-rare, 100% rare, 500% super rare. So after you earn like 50% gain, you should understand that the chance to get 100% gain is way more difficult.

There were mixed experiences for me regarding profit booking and mostly with altcoins all my patience was not paid. Sometimes I waited and then those coins got delisted from exchanges as well. In my experiences, booking profits around 5% to 10% would be more appropriate than regretting later on. The problem with me is, I am too slow to encash my bounty rewards; one of my friend guided about holding altcoins as well for longer duration but I feel that must be a wrong recommendation for all the coins except bitcoins.

The only way to lose profit is to not trade at all, you can always trade more and more and earn more profits than the losses incurred to survive in the Forex Market.

This is  rather called chasing the market and this can back fire on you. If this happens you know it means you would be losing your two trades in a roll and your account starts going down drastically. It is not a good trade decision to try chasing the market when you lose except you see a good spot for a come back. Well if it has been working for you, best of luck in the trades of such that you do to get back your money.

I haven't traded in the Forex market so I'm not entirely sure how good or bad it is. That said, I am so happy that I am born in the age where we are able to trade cryptocurrencies, just think about it, we have countless options now and the best part, everything is decentralized and volatile. Many people hate volatility but I cannot imagine trading all day for a 1% gain.

The best way to NOT lose your profits is to learn because nothing will save you from losses but your understanding and learning approach. Also don't go all-in with your trades. If you have earned big from one trade, don't let it turn you into a gambler.

You can do that on most exchanges. Basically, you set orders for buy and sell and let it work. There are even bots that will allow you to customize such trades even further. Gunbot (not promoting it) is one such bot of the many others in the market.

Glad it works for you because whenever I try and trade too many coins, I feel like my focus is lost and I am just trading based on my feelings rather than my knowledge and research.

The best thing one should always do in trading is - cash your profits because loss is imminent at some point.

One thing I know for sure is that, with the market, you cannot be always right. No matter the strategies you employ at working out the market to win with it and beat your previous strategies, a lot would still elude you.

Scalping entails you picking off the small profits available in the market and as much as that might be the best thing for a scalper or short term trader, it also cam introduce some emotion of greed into your trading.

Greed has been one reason why most persons fail in trading. You feel because, it read profit in your favour, its actually yours. Wel the truth is, its not and won't be until you take it. That's just the market playing out as it should and the profits are just a connotations of what could be until you claim it.
Where the problem comes is in when a trader tries to pick every opportunity and make profit out of every pip on the charts then, your gradually letting greed step in and that means danger.

Once it's appealing, just take profit and know that's actually profit without minding the once that are gone. They were never yours anyway!

Last week, i attended a funeral with a friend that i haven't seen in a while and i discovered that he was into buying cryptocurrencies, HODLing them and though he monitors them daily, he is just waiting endlessly for them to blow up (he has no take profit price in mind).

I'm saying this because recently there a was a pump in the meme coin "shiba" which was one of the altcoins he had purchased, he made very good profit but lost it because he was reluctant to convert to stable coin saying that he doesn't know what USDT was.

Don't lose your profit unnecessarily because of lack of knowledge and rigidity to conform to technical advice when issued by someone who is more knowledgeable in a field than you, learn.

Feeling disappointed on ourselves when taking profit too fast, feeling disappointed because we are too greedy when taking profits and then the price keeps falling down. And feeling so proud and satisfied with whatever target of profits to take.
Well, those three feelings are very common happening in this crypto market.
For me, I always take profits based on some steps. I cannot take profits all in on time. I commonly will take profits by some % and another. It is in order to get higher profit but still has the profits at first.
However, based on previous experiences, I will not set high profits for my short-term or day trade, several percentage is enough. Except that I am holding them for a long-term period.

Newbie traders are usually traders who dare to hold a loss position for a long time in the hope that the price will reverse direction. In reality this kind of trading will destroy your account because you never set limits. No matter how sophisticated the trading strategy used, you must still determine the stop loss as early protection

It depends upon the project i invested, when it comes to Bitcoin, i have a target for the amount i wanted to trade and if that reaches my target then i will book my profit and then purchase them once again when there is a correction. When it comes to alts, especially hyped ones i will invest during the initial period and i would cash out completely and never think about purchasing that ever again.

You can only learn those trading tricks as you go along this process. You can't get it in one sitting because each coin has their own market performance depending on the current status of their developments. So normally, you can't compare the history of the coin to others and based your decision from that history because it may be totally different. If you are holding specific coins, you need to keep up with their progress as it will give you insights on what's about to happen with your holdings.

I have made a simple spreadsheet to track my profit on a monthly basis and I sorted them where it comes. But base on the data that I have, it has to notice that I spend more and lose more than making a profit. Like if I got a $500 profit, I also lost almost twice. That is why all of the profits I have is just a record as I spend them actually. I had thought that rolling my profit is a good idea, yes, it might but unfortunately, my trading journey wasn't good enough to keep them, I'd lose. But this become helpful to me and I can easily determine where I got wrong and which thing I have to change or going to improve.

a hype project is a project that must require regular monitoring, because at any time there will be pumps and dumps, so we lose the moment. to buy it, indeed, if we believe in the analysis, the initial purchase will be better, and we are waiting for the pump to react. and after the dump happened, then I also thought it would be difficult to bounce back, so it's better to forget about it afterwards

We really cant tell if we made the right decision since the market can move unexpectedly after we take profit and leaving us with regrets of selling early. Thus having a plan and strategy on what coins to buy and for how long you'll hold can help in order to maximize your chance to not lose in that trade. Greed is the reason why some of us are losing their patience.

At this point, I opt to not sell if not really needed because I prefer to hold for long period since day trading didnt work best for me. If im contented with the possible profit that I can get if I sell, then I dont hesitate and just doing it.

Different person, different plan, different trading strategy. People who bought shiba at really first launch won't be billionaire if they sold it at just 10x or 100x. But at that time they sold it, they must be very proud about their decision but regrets it later when the price doing 20.000x growth.

So i think it depends on how people manage their assets, crypto market is so volatile so making a plan before the decision is a must. We cannot take a decision based on what we suddenly see.

Holding for a long run is still the best position to maximize profits but make sure choosing the right coins with a strong fundamental.

The process produces the results, and we want to make a profit here, the process of creating it is a big question for many people.
Myself, after many years in this field, I feel that there are many opportunities for everyone, but it also comes with many hidden things. What I say may be appropriate for me because of the process and results that have happened, but it may not be appropriate and attractive to others.
Personally, I like the fundamentals and the core of the market, so no matter how big the trends are, that's just what keeps the top things going. Maybe many people talk about the profit opportunity of BTC ETH will be difficult to reach, in fact we are turning ourselves into this market's game by chasing it too much :) , profit is the priority, but it also needs to be balanced with the possible risks.

It depends on whats your ideal profit regarding it. Some people hold their coins because it's not necessary to pull out this is the reason why make an investment only to extra money. Not all the time the market will gives us a good shot of profit, always try to see and hunt an ideal coin there are a lot of potential on it. Also regarding with the market trend, technical indicators and analysis this gives you a hint to get a profit and losing your assets.

when I hold a coin, and the price goes up, but I don't sell it, and the price goes down. I feel that I missed the opportunity, and got the loss. it makes me regret.
however, when the price went up again, I thought of it as another opportunity. however, it is ups and downs for people who hold coins for a certain period of time. sometimes when we see an opportunity and other opportunities in the future, we think again that if we really take advantage of all those opportunities, the benefits we get can be even greater.
Personally, I'm still doing the same thing as you, holding coins for a certain period of time with a target. even if the price goes up but has not reached the target, I will continue to hold it,.

If we are good at technical analysis then we never need to lose those potential profits like how OP is concerning here. Only because of lack of accurate technical analysis, we are suffering by not able to compete against the market fluctuations. If our analysis are good and enables us to book profits at right times then we can easily ride on market swings which must be another level of trading performances to enjoy the maximum benefits for the same market fluctuations.

This might be true only on short term and in long run, you need to let your profits grow along with time which may be trailed with stoploss to cut earlier so that you may not be losing your capital as well. For long term trading of bitcoins, you do not need trailing soploss as far as I have experienced.

I am also new in trading, but at some point I get to think that once I have profit, I take it immediately because of the market fluctuation. Profit come as a result of some rise of price in the cryptocurrency coin been purchased, at the same time, if we are on profit due to some pump in the coin price, many people in profit will like to sell to claim their profits, at that time there will some price decrement which will also drop down my profit. That's why I take off my profit as soon as possible.

I don't actively wait for profits, nor do I regret losing out on what could've been. I instead look at what I could get after each action and so on. It's really hard to get out of that loop of "what if" once you start looking into it, so I try to not do it, at all. I take profits when I can (or when I want to) and that's it, I don't look back into what it could've been because the action's already been done, I don't want it to influence my future trades that much. It's really up to your strategy really on when you think you'd actually "profit" or not.

I agree with you that taking profits is important if we want to grow our portfolio. HODL is a viable strategy for crypto currencies, but if the outlook of a coin is not optimistic anymore than shifting our money into projects is important. For me there are a few things I try to consider before taking profit. The first one is if I need money in the near future. For any bigger expenditures I look at using fiat money or if necessary crypto money. When needing money I try to take profit in the coins where I made the most profit. But before I sell any crypto coins I also look at how profitable the coin might be in the future. Because if I take profit today, I try to avoid buying the coin back in a few weeks. Saving some transaction fees can sum up over time.

The profit that I take usually has been calculated beforehand. In some trades, the profits obtained are not always the same, sometimes even from 10 to 5, this is not really a problem because I have calculated the minimum profit that can still be obtained at number 3. obtained so you can know whether a decrease in profits makes you lose or you still get a profit.But it's also a good idea to maintain the level of profit and even make it bigger.

Taking profits in trading is depends on your strategy. For me taking 10% profit is better rather than sorry if the market don't goes in my plan. Also it depends on your coins that you trade. Many altcoins in in crypto market is just a hypecoins without real use case, so be careful and always don't be greedy.

Better to set your goals, a profit still a profit no matter how big or less it is,

Pointing the directions of your investment is really the important tool when you are dealing into this business, many failed due to different reasons. But the common reason from those who succeed is the mentality that profits is your main goal in this business.

Every traders have their differences in taking profits, but as long as you are really getting some portions out from your investment,

It's a great sign that you are really succeeding.

Depends on coins mean that you will go more than 10% for some coins and less than with some other coins?
I guess if you change according to the trading pair that you are trading then I am afraid that you may end up in messing up like you may exit early or may wait longer than your plans.

All I mean is, either trade only very few coins then you may not bother about what to do with which coin; you will get practiced to your plans subconscious level as well.

Or else, you need to have same level of exit strategy across all the trading pairs which is the minimum or figured out with the help of your technical part. This way you can be sure about not messing up things but easily following your plans even under market pressures.

The same as me, probably before when basically I do not turn my profit in trading into cash. It it set on my mind that if I profited from it, either I reinvest it on other investments like games, other coins/projects, etc. or maybe add it on my gambling fund. Honestly there were times also that  I feel just I regained the profit that I got from my previous lost invesments.
But right now, I can say that I am really doing fine.

Most of us have that kind of regret especially when we were just beginning in trading. To be honest, it was really frustrating but also a lesson for us to learn. Every profit regardless of how small or big the amount of it is still a profit and we should take it instead of aiming for more because sometimes, greediness could take everything away from us.

I prefer the best way of getting profit is investing some of your money in these coins which you are holding for long term like XRP, as I said this is an example of the coin, and some of you should invest in the new coins then you can get some profit in my opinion. Getting the profit in these coins may give you an outstanding support.

Profit taking must be taken very seriously. The time you spent in research and doing your homework into making sure you enter the right trade at the right price must not be wasted by not taking profit when you have one. I have been in a situation where trade change very quickly and before you say Jack, your unrealized profit. Please don't be me!

How to take profits is sometimes always different for every trader. for example there are traders with luck so quickly get large amounts, there are also losses in the beginning and profits in subsequent trader.

Losses in trades that occurred with me have been covered, with trading knowledge and experience I can earn as I want, although some trades failed but I did not lose large amounts. Until now trading is an effective solution for financial freedom. I don't know how long this will last, the point is I have to make the most of it.

Dont chase your losses which is just like the same when you do gamble because you would be basically making some problems later on and you should really get rid with this kind of behavior specially

when you are investing and once you have seen that you are already in greens then better set out some goals whether or when you do secure your profits or would tend to hold.

It will matter on your own preferences because not all would really be having the same mindset and ending up on same decisions to each other.

Nah bruh that’s not true. If you lose profit in the market and later the market price of that asset goes and you make profit again, it’s a recovery for you, it is that same profit you lost before that you have gotten back and that’s just it. For you saying that the profit you have made is something  different from what you have lost, that’s not true. And to give you an instance, let’s say that you have $200 and you invested it in bitcoin and then lost $50 and had only $150 left, that’s currently a loss for you at that moment.

Moreover, if eventually you happened to gain back that $50 after the market makes a move up, then you will have $200 back which is your initial investment. Then going forward, if you should make another profit, and let’s say you make extra $50 that makes it $250, then that’s a profit for you. Hope I’m clear enough on this.

A very common mistake is that I see newbies concentrate a lot on learning about entry strategies and signals and they know several ways to enter the market at the best possible time, but they do not understand that even more important than when you enter the market is when you decide to exit the market, it seems they forget that traders are not like investors which just buy and then hold their coins forever, at some point they need to sell and if you do not have a solid exit strategy then you are going to lose money.

Both important, knowing the best time to enter and to exit the market. I don't think that the newbies carelessly not learning about how to exit well. They are just still having a little experience and sometimes be influenced by others to keep holding. So, when there is a good chance to sell, they don't sell their tokens because they think it will increase more as people suggested to them. Sadly, after few days, the price of the tokens decrease drastically.

Just because of greed, all your expected profits have gone in an instant. And you could have made good profits if you take advantage with the market's good condition and sell your coin while the price is still in profits. As long as you see your coin in progress and brings even small profits from the time you bought it, do not hesitate to sell it just because you are aiming for a bigger profits. Always remember that this crypto market is too much volatile and what is profitable at the moment will lose its value in the days to come. So always seize the iron while its still hot so you won't end up being a loser.

It found a reason that they don't have an exit plan and less experience but I know they could find it out sooner. For these newbies who aren't familiar yet with the market, they often become the victim of these signal groups pretending to offer help and make them rich instantly but behind those colorful and attractive words, they don't notice that they got fallen into the trap already. So sad to see things like this but this is will be the consequences if we don't have knowledge on the thing we do.

It depends on the type of trader you are and how much capital you are trading with. It's scalpers who worry more about losses the incurred from not taking up profit when due. But for position and long term traders with reasonable trading capital. Once they are convinced their analysis is right losses mean less to them because they are always convinced of their profit.

Everyone starts on being a noob and due to lack of knowledge and experience then these kind of mistakes were very common and cant really be avoided
and this is where these mistakes will really be your learning step or stone for you to be even more better as a trader or investor since you do already have the experience and awareness on how this market  moves then you  would really be finding this thing to be repititive  and would result to  be 
keen on making out decisions on each particular situations.

More than what I expected sometimes.
But, personally, I will think that taking profits at the right moment is very important for me. taking profits as in target, not based on greediness.
I learnt much from my past that I will not be greedy again for taking profits. Because I lost much money because being too greedy when going to take profits.
Many people also may experience this.
At least, we can read the market even in small chance, doing some analysis and also taking the right decision for what eprentage and also price target to take profits.

As long as you are investing, greed will always be around. And it will never be gone, unless you start controlling it for your own self. I also have a lot of experiences losing my profits just because i tend to wait for a higher profits but instead of gaining more, i only end up losing my capital. Not just in crypto, but in all aspects of investments, greed should never be prioritized. That is why we always do good analysis so that we will know when to sell our coins to make profits and when to buy new coins for an investment. And if you think if you are making profits even just by centavos, take it because in the long run, your small profits will become bigger once it will be added to your incoming profits. So consider making profits even just a small one.

If me trader who mostly did a mistake, if must think profit is different each order and i must gain when every i made an order in market, maybe will be stressful for me. Because honestly i still bad in trading , so i only collect my profit and loss and always made it as an 1 profit that i gain in my trading activity. Because we trader can't always get a profit, trading is a thing that have risk too and we all know about it. So, when we made mistake, just try to regain it but don't think to deep that we loss our profit before and force ourself to gain profit in all orders that we made.

Setting a target amount to take profit is good for a trader who just prefer to hold their crypto for how long as it takes as long as the target amount will be hit, some traders also prefer to make a profit any amount they want as long as they have already gain a profit be it a small profit at a time which this is a kind of active daily trading I guess. Every traders has their own way of taking profit out of their investment but in my case I am just holding my crypto and set a target amount.

Every trader has its own way of making profits. And as for me, i stick with my plan as long as the market is in a good shape. I always set a target selling price as a trader, and it really works for me. Although sometimes i made regrets, my profits could have been bigger if i hold the coins longer than my plan, but that is what trading all about. Being able to anticipate when is the best time to sell your coins, that is why we need technical analysis so we can come up with more good and reliable bases for our trading.

However, taking small profits consistently is good, at least you are not losing. But if you are often doing it, you will have no chance to gain a huge amount of profit.

 

Greed will bring havoc and will be very detrimental. Taking profit little by little is better but often done.
The minimum profit target must be achieved and must be disciplined with the strategies that have been made.
Regret will always occur when you do not dare to take an obvious advantage.
We must know when to enter and when to leave.
Better to make a little profit than to lose.

Well, despite the fact that XRP is a currency that has had a great rebound lately, it is possible that it can continue to generate more profits as BTC goes up in price, if now, I have 2 friends, 1 lost everything in XRP and another who gained a lot with XRP Of course currently the story is different despite having a lawsuit made by the SEC.

At the moment there are many people entering the NFT market, but through decentralized exchanges, and precisely today a friend for not seeing a contract well was the victim of a scam, there money was lost unnecessarily for not knowing well what contract it was, this it is another way to be careful not to lose money.

Getting scammed due to carelessness or havent done any research is really always the outcome which we should really be that sensible on taking some actions basing on whats happening  around.

We are currently on some trend which is NFT and the hype was all around and thats why whenever you do make out some profits
then its better to secure it immediately.

Dont wait up for some u-turn in  the market which you would really be regretting on missing out those amounts.

The market is in its peak moments where 'what will happen when' cannot be said. Nearly, every other crypto is pumping and break their all time high records, but when greed joins the game, 'bad' investors turn it into a frightening dream by crashing the market. I don't go beyond what is in my hands and take out profits that look reasonable for the trades because drop by drop, we can fill our bags too instead of going for a big one.

I guess that should be realized by every trader because they are here for profits so once they are seeing even small profits, at least they should learn to take advantage on it rather than waiting for a higher profits that there's no guarantee if it will happen eventually. For me, i learn to take profits from time to time because i don't want to repeat the same mistake again that i almost lose all of my expected profits. So if you value every penny that comes on hand, take it and once your profits will keep on adding eventually, it will be a huge profits in the end.

Can't say it was a huge mistake OP but something to say that you can never get it back and those chances won't even back again. It is missing a chance on your end.

They choose not to hold but rather to sell during Bullrun just for the sake of not missing the chance. I can't afford to lose that anyway. But, their actions help the market be more volatile and we can't deny that we are also benefiting from this. But I don't think they are bad investors, maybe those who are selling in panic as this drives the price to drop more.

That is why we must be able to control it or we will be controlled by greediness.
Some experiences at a past time may be enough for me to avoid being greedy again. They really gave me very valuable learning from greediness and also panic. Not only has an impact on our emotions and instability but also on our assets.
Instead of getting more profits but it is actually a sustainable loss.
And this is the learning learned from the past.
Because of that, as long as we can pick these learning, take important points, and try not to be carried away with greed and panic again, we can get better.
If we are still carried by Greedy, yes means it's futile
  Because we don't learn from our past experiences.

At the expense of the thought that we are returning the profit that we lost before, I honestly thought myself, sometimes months just collapse to zero, especially when I actively play on futures, apparently I'm not the only one ... In general, sometimes I wait for my profit for months to fight off those minuses that were in futures ...

But, I remember most future contracts are expiring on every month? Not sure which exchange provides more than one month long contracts for futures trading (shorter the contract, more the profits to exchanges hence as far as I have seen every exchange opt for one month contract for all derivative instruments).

I guess you must switch over to spot trading as you are sounding like a perfect spot market trader. You may hold as much as you want to. Also you never need to worry on expiry of contracts and stoploss as well if you choose only bitcoin trading against fiats or stablecoins.

We tend to loose the opportunity to get profits when we go on a long term trading. I have experience on it. I have few coins which recently reached its ATH last week and now its 50% down. I  recently thought I should have sold the coins last week and bought it this week where I could have bought more coins than what I hold now. But since market is too volatile, I just held it besides what ever happens. Here like me , many might have lost the opportunity to get the profit. 

Once you decided about holding for long period of then you should not bother about any intermediate ATH happening. It will happen and then market will fall down and then will rise up again. It is kind of cyclic events that will keep on happening and you need to hold your patience so that you can enjoy massive profits in the end. So, I am not ready to agree that when you are holding for long term then we need to face losses.

What I am mentioning may not be true for most of the altcoins but definitely it is true with respect to bitcoin investment and in long term holding.

If we do have that long term mindset then we do mostly end up on missing lots of opportunities for us to take profits in short term since you wouldnt really care that much and same goes when you do have some losses which you wont really be stressed out that much because you've been thinking that you would be holding still and just done nothing until the market recovers.Yes, its really an advantage but do you really think that it would really be that feasible for longer run? unless if you do hold tons then it would be considerable but if not then i dont see for it to be worth on the patience and time you had waited.

Many do not appreciate it as they want to get rich quick, but earning 5% to 10% per trade is incredible, in many other markets good traders make something like 10% per year and in the market of cryptocurrencies this can be done with a single trade, this means that someone that has a decent capital to work with and that is able to maintain those levels of profits for the long term soon enough will find himself with huge profits that would be impossible to get in any other way.

Both are important however I have seen experiments run in the past by some traders and there is some evidence to suggest that exit strategies are more important than entry strategies since exit strategies are heavily dependent on money management, so those that are using money management skills can exit the markets on average at better prices than those that do not and this means more money over the long term on your account, which is exactly what every single trader wants.

It's fine. You don't have to worry about that. You take profits because you are now in profits and so on. Don't regret your action but rather do some preparations again for another buying or selling rounds. There's no perfect strategy in the first place so just move forward rather than be distracted because you believed something is not right.

While you progress, you will eventually learn how to cope up with the situation. Just "trust the process".

This kind of mindset you should really have on which you wont really be regretting into those past you had missed out in terms of more profits.Past is past

and you cant take those times on where you do make money.Its true and right that you should mind rather on how to take actions basing up on your
experience in the past.

There's no turning back but doesn't mean that you cant make yourself more better.

The past is past, it was now our history. We can't correct those mistakes we've done but we can make it right today and for the incoming. But, we can make those mistakes as our basis for what we have to do in order not to happen again. I know we can't make it right perfectly but at least we do something to lessen the chance of committing mistakes the 2nd time around.

It was a matter of choice and most of the time we tend to choose the life that we think is better but sometimes we just fail and that is what happens to OP or even to us.

Mistakes in the past become a very precious experience and lesson to make us more aware, smarter, and wiser. And this is also what makes us try not to do similar mistakes in the future or even right now. because if we are still continuing doing similar mistakes, it means we are losers.
Btw, I am sure that everybody has made mistakes in the past lost money, or even been scammed. But, why people are still here is because one of the reasons is that they believe that they can take the lesson they can learn, and they can do better to gain profits later. They believe in cryptocurrency.
Some people may lose their trust in crypto after losing money in the past and they consider that crypto is something that is very dangeruous. But here, once more, it will depend on each person.

Don't ever think about that. Once you take profit, it means you win and your strategy works for you.

Monitor your gains to see if you are really yielding a profit or just a cover-up for the losses.

Don't distract yourself that you are not working well. Keep up the good work of taking profits.

You are talking about short term holding. Yeah, in that case, take your profit and leave. This is how it is supposed to work. Invest in a coin, wait for the value to go up, take the profits, leave or reinvest. In that case you should also keep an exit strategy when the value starts dropping. It's better to cut loses short when you hold for short term. On other hand, if you are thinking of investing for long term, then keep a profit goal and "don't" take unnecessary profits. Only take your profit once you reach your goal.

I know it's hard to say that what the next move of our coin will be like whether it will grow or tumble.But whenever there are satisfactory returns i usually cash out the profits without being any further greedy to loose all of them in one big crash as i have experienced it in the past so don't want to go that way.So like if i have made 20-30% profits i take out my profits and hold the investment for long term.

From a mathematical perspective, you are screwing yourself if you take losses in hopes of taking back those losses in the form of profits, later in the future. Why? Well lets say you have 1000 USD. You lose 100 USD in a bad trade that you decide to get out of. Suddenly, you notice it goes up again. Now you buy back the coins at a higher price with a lower fiat amount. In order to make back those lost 100 USD, you would have to earn a much higher % profit than if you hadn't sold.

So everytime you need to make a larger % spread profit in order to get back to your original position. While you can be sure to make a small % profit, hoping to earn more and more % is a pipedream that you can't get out of. In the end you will never be able to return back to the original position.

NEVER SELL ON A LOSS.

Try to do trailing take profit, here's an explanation i found on the internet: https://medium.com/@sol_98230/how-trailing-take-profit-ttp-works-what-better-way-to-increase-profits-in-a-long-trade-e2fcd12784fe

Another thing I do so I won't lose my profit unnecessarily is whenever I am in profit now, I always have stop loss right above my entry point or at least where I could have a decent profit. For example I already have $200 profit then I will put stop loss on where I can earn $100 as simple as that.

Stop loss is not for losing only but can also be used during profit.

You either have not understood the intent of the thread, you can go back to it and read properly to understand the content in it.

Some traders can wait to take bigger profit while they already have little but at the end they lose the little and have nothing at all on that trade. The thread is saying that initial profit lost is not recovered when you make another profit, it is entirely a new profit and the old profit is gone. So why lose your profit unnecessarily  ??? Greed is the answer, a trader not greedy gets more profit than a greedy trader.

Very well said. Profit taking is an art which not many can master. Moreover profit taking at the right time is needs more skill and experience.
Not taking your profits can lead us to heavy losses just like what I am facing currently.
I had my target set at a particular price and the price of the coin was just about to reach my target but I still waited for it to reach the price.
But just a few cents before my target price the trend reversed and the price of the coin dumped.
I could have took the profits and bought back again but I was determined to reach my target price.

Well , trading continuously most of the times are a loss , if you accumulate it thoroughly . hard to avoid this except if you put a 100 percent discipline since day one you started the trade which i believe its a very rare case.
for example, deposited first capital of $1,000 ... gained $500 a month so the balance @1,500 then withdraw the profit of $500 ... put that half of withdrawn profit for a counter loss fund and so on , as there is a time where you are so unlucky and loss the first capital deposited so you need the backup fund or a counter loss fund or whatever you can call it ...

so you need to deposit again from a fund that taken from the previous profit , not taking from a fresh money and put it on another risk, the pure profit wont come that easy tho.

Greed is one thing that makes people not to take out profit on their Investment, they probably want to be more profitable without knowing is risky because the price might dump and results into one losing. To me, I don't hesitate to take out my profit, Although, I do leave my initial Capital.

You are right. I remember missing out a lot of opportunities as a Newbie. Then, I always wanted my profit to be huge before cashing them out, but I ended up losing most of the time. I think Investing profits into another project is really a good plan. I will try that.

When it comes to trading, a trader must look after everything. Because before taking the trade, everything is understood to be normal, but only when the entry is taken in the market, it is understood that the market will actually go in a trend. Most of the time I have lost money when I traded based on ideas. It has been seen that I have made huge gains in two trades but I have lost those profits again in a few trades with the impatient trade entry.

So along with trading knowledge, it is also important to build mental strength to make an entry at the right time.

Taking profit is a very important thing after making an investment. We don't know how much pumping of our invested coins will be. As a result, many people do not take small profits in the hope of making more profits.  As a result, it is seen that there has been a loss later. So I think it should be taken even if the profit is small. That's why I always take a small profit.

I have to say it is definitely something good, I have used it many times before and it is something that is definitely a good idea. I am not saying that is the ideal best spot but it is definitely something that I enjoyed a lot. This means that we are talking about something that is totally unprepared for such a huge new thing if you never done it before and you may take some time before you learn it all but it is definitely a good idea and I definitely support it. So you could simply just spend time as much as you could and end up with learning something that could change your entire life.

I have used it for many years and now I am simply holding and never selling, but back when I used this, it was one of the best methods that I could find on making a profit. I have to say it is something that I have to say quite good and definitely worhty method to at least check out and test.

as much as possible indeed for beginners the use of stop losses and profit targets is highly recommended, this can train our trading psychology. many of them are greedy, or even panic sell, and if after that then what we do is calm ourselves down so we can think again with more care in managing our emotions

Greed is a trait that exists in every human being. Psychological control is very necessary to overcome greed so as not to get caught in an unfavorable situation.

The initial strategy and sticking to the strategy are very necessary, so that there is a limit on where to make decisions.

I also sometimes get stuck in this situation, where I don't sell immediately when the price is high and exceeds the target. When waiting to exceed the target price will continue to fall and start to panic, then sell with a small profit and even get a loss.

Psychology really needs to be trained so you don't feel panicked and can run the strategy correctly.

no one likes to lose money and this market for cryptocurrencies can be cruel sometimes, one can buy bitcoin or altcoin and then see that the price has dropped 30% and at that time the person despairs of giving up cryptocurrencies because they wait months for the price recovers and the price does not recover and they end up leaving this market. 4 years ago I saw this, I saw people who had sold everything to enter this market and then lost a lot and gave up

Achieving a good profit from the market is not an easy task for trader to go through before it can be achieve. I make use of my strategies to get my profits from the market because there are many traders who doesn't understand the condition of the market and the strategy to use to achieve profit at the moment.
I buy coins when the price is reduce in the market to enable me to be part of the profit making in the market. Since the price of bitcoin and altcoin is rising and falling, show that the price will soon decrease more for long term investors to buy more and wait for the future to come for them to earn well from their investment.

You are right, the past serves us a lot because they are acquired experiences, and every experience is very good to receive in order to have learned and not fall, however, no matter how much experience you have, a smarter way is always latent so that they can cheat.

Currently, as I have said before, the easiest way that I have seen that they scam is in decentralized exchanges, where they confuse their victims with false contracts to get their money, and this happens because they do not read well, because they follow third-party links. that have nothing to do with the project. I have seen how many lose their BNB in the pre-sale stage falling into wrong contracts and currently a BNB is around 664USD, which is quite considerable.

Every trader has their own targeted profit. Just like you, even earning a small profit is enough and you don't have a plan to miss every single opportunity. But it somehow happens that many traders are aiming for a higher profit, they keep waiting for the bullish and then sell. Maybe we could say that was a great strategy but something it misses a lot which we can no longer get back. If it is possible that we could take them all, that seems more profit gains than being on a one-time jackpot.

It's not bad to take your profits out as long as it is bigger than the transaction fee you're gonna pay every time you'll withdraw it on an exchange. Also, it's not bad as well to keep your profits with your capital for some time because for me it's motivating, since you'll see that you've made already an X amount of money for a short period of time and that's awesome.

The very point is to earn. If you follow that small but continuous earnings, that's not bad at all.
instead of waiting for big profits, trying to sort it up with small profits each time you make your
position. It will give you decent when you accumulate more than 2-3 folds.

But, it's an opinion and self-explanatory strategy that each traders have, there are people who
already fine with day trading while other trader are aiming for long and big profits.

I remember there was even a bot back in the day (when fee's were not this huge) that made a profit and sold right away as soon as it did. Of course 10 satoshi profit per trade wasn't a big deal, you also had to consider trading fee as well, so it was basically buy at 100, add trading fee + 10 satoshi and sell type of deal. However you added every single coin in an exchange (at the time places only had btc pairs) and that means maybe thousands of trades daily.

Sometimes it didn't work, that is why it didn't get popular, but it was really good when it worked. Meaning you could even make 10 satoshi profit and it would be good for you, everyone could have different aims and as long as it works for them then there is nothing wrong with it.

Profit is profit and you should really be having this kind of mentality on which you shouldnt really be having that kind of behavior on where you do easily make out some regrets and frustrations whenever you do see that the price had even go more higher which you do think that if you havent sold out then you had possibly able to make more.This kind of behavior would really just make yourself get stressed instead.
Take profit if you wanted to and dont look back afterwards on what would happen.Then start it up again and repeat.

The best approach to stay profitable is to cash out get another good entry point possibly once the price retraces so you can actually buy more before a new rally up. The market isn't predictable and no one knows for sure when a new dip would aoccur and this will help the trader have a taste of their profit before a new trend begins

For a couple of years being here in the cryptocurrency, as an individual trader I am not in a hurry as other did. I always make sure that the coin I bought will certainly give me a nice earnings in the end. I always observe first the movement of the price in the chart, then when I find out that things I will set it up according to my evaluation unto it.

That is true if you have higher capital, you're taking higher risk and you're also possible to take more profit. Those big profit takers are the biggest risk takers and they do deserve that upon being on this highly volatile market. There's no turning back once you're in and if you decided to keep on rolling with your capital and profit, it's your decision but to me, I'll take the profit and might leave the capital or the other. The important is there's something that I've taken back and will still continue to take risk.

You have missed an opportunity, this should not happen again in your next trade. for me the advantage I get is my success in opening a trade, I will take it immediately and will not waste it. what we need to know if we want to continuously want greater profits this leads us to greed. for me take and open the next trade, this can be a good decision if dump happens.

You cant assure that it wont happen again because we dont know on what would happen next and its really hard to determine on how we should really make out some decisions whether its already the right time to sell or would need to wait a little bit further which it cant really be avoided on not to commit
any mistakes which it wouldnt really give out any assurance but with due experience and knowledge then we could able to handle out these situations.

I think what you have done is a good thing and that is why it is necessary to do an analysis first so that later we can make the right decision,
not all traders do things like that it seems and sometimes they just want to make an instant profit

Taking profit is very important in Cryptocurrency no matter how small the profit is make sure you take it from my own experience I believe the profit you take is your own money, don't wait for the profit to accumulate before you will start thing of taking profit no profit is to small so don't wait for the profit to accumulate before taking it.

Many people panic when correction happen which make them loss, rather than waiting for a big profit they will think to better cut in small profit for a guaranteed safe to prevent any sudden dump. As a day trader accumulate small profit in a month can make you profit in a big amount of money in total, so it doesn't matter as long as you got profit tho

I think, Taking profit is very importance and necessary in cryptocurrency. From your own experience so no matter how small or big profit so meke sure and take profit. Many people panic when they loses money. When you impatience then you loses money from trading. So need good expropriation and control Every situation your mind.

It is better for you to take your profit once you know that you have make some profit out of where you invest in. Stop be too eager to make much if not will end up in losing unnecessarily, Especially in term of cryptocurrency.

Especially when you are trading, always take your profits either is small or big. You can not make all one day. So whenever you trade and  make some profits just be taking it like that and don't join it with your capital. have a target before you join it to your capital. Try to always know your profit per day or month.

A good habit to have because not all would really be a long term trader or investor which it is really just right for you to secure out your profits once you do see that you had profited out on a certain trade or position.

Take profit as you do able to do so but if not then better to hold it out but it varies on which situation you are into and what kind of trading
you are following in.

Preference is the key on here because not all would end up on the same decision.

Yes ofcourse,most person's larment and cry after losing money throught trading,forgeting that experience is the best teacher,and without getting those loses and experiences,you won't do better in crypto and in trading.
I know every one expects profit,but one should know that the game is a risky one,which emotions must never be put first,else one is liable to get heart failure or attack.Therefore,when one is expecting positivity,one should also plan for negativity.

I was just like you, i don't practice the habit of taking out my profit i usually leave it for longer periods and they mostly depreciate and i end up loosing my profit and sometimes my capital as well. I think i was a bit greedy and it made me loose alot in trading
Then, i later realised am loosing too much and that is how i came up with the idea of taking out my profit. Its important to take out your profit no matter how small it can be

To be honest, I've been in those times that I've lost a lot on crypto especially the 2018 bear run. I understand that people are in panic and call it quit when the market crashes. However for me, I usually don't take profit if it's unnecessary when it comes to the long term coins and tokens that I have. But for others that are short-term like memecoins and shitcoins that doesn't have fundamentals and real use cases, we have a reason to cashing them out before it gets worse.

And yes I have experienced that when a certain coin or token I have already lost, some of them gained for me. It's how crypto world works nowadays. Until now, I haven't sold most of my long-term coins and tokens because of my belief in their impressive developments, roadmaps, team transparency, etc.

It seems like everyone must have experienced or felt the same thing maybe just in a different way, but what happened should not happen again and if it happened again it would be the same as repeating stupidity.
mistakes or losses that have been experienced must be used as experience and do not let that mistake repeat itself and must be corrected and used as a valuable lesson because we are here to risk money to multiply or get profits, not to waste money.
do not miss the opportunity if you have made a profit because that is where we are tested because there will be doubts in making a sale or selling some of the profits after doubling, and feelings and emotions will come with the hope that prices will continue to rise and it turns out that in the near future prices reverse direction and there is a decline drastic and there will definitely be regrets because the opportunity will repeat itself in quite a long time and will end in regret.
and we must have principles and targets and strategies so as not to miss an opportunity, unless we do it for the long term that doesn't really care about market conditions because what is needed is a very large profit without a specified time.