Bitcoin Forum

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.

I haven't considered taking profit with the example amount of how much you should take in profit. That's low and others would think of the same because we're all for a decent profit.

Not that small but not that big as well but considerably to boast as a profit that we've made in trading. But you're right, profit is profit regardless of the amount you've taken than to take further losses.

Short term is so difficult and probably even me I'll be satisfied if i can make $1 to $3 every day or let say x2, it's enough i guess. :D especially if you don't want to trade a huge amount of capital despite of the situation wherein so volatile and unpredictable, so it would be a great amount of profits in my opinion because there's no choice. Lol

btw if you have a good skills in such situations of the market there's no way you can't obtain good profits in my opinion. but i suggest to trade with bitcoin or in any crowded crypto currency in the market because surely you can make good profits from it despite of the situation..

Taking a profit of $1-$3 once in each trading session is too hasty strategy implementation. But it depends on how much capital you use. The scalping method may be very suitable. Making a profit on every trading session is the most important thing to do not to lose. Always take profits and use stop losses to stop losses.
The application of short term, mid term and long term strategies must be determined, because it will affect how much profit you will get.

No matter how small the profit it is then it would really be still a profit but due to being greedy of a person which i could say normal then we would always tending to go for bigger profit level or target.

I cant really blame of people on having that kind of behavior because even myself is a guilty of this because im not really that satisfied on looking $1-$3 gains and would really tending to secure it right away

but im really actively looking when it comes to possible retracement levels which if its starts to drop then thats the time i do close that order and secure profits in case.

It's easy to say but in reality, it's hard to do it.
There's no such strategy that you will continuously be making a profit in trading most especially in short term trading, always bear in mind that there's no infinite winning while in trading, there could be a high chance that you will lose no matter how good you are in analyzing the market prediction when in fact, the market price is too volatile.  In short, there's no guarantee that you will reach this target.

If you could able to make this profit daily why not and that's a very impressive strategy that you are using.  If you're willing to risk a big amount it might you will able to gain profit more than this, a big amount of capital will possibly gain big profit and of course small capital will also have a small profit.

If you are new in trading, having this profit of $1-$3 per trade was a sign that you have the potentials and this will be the basis that you grow in the future. Like considering that you only have a small capital for trade this time that is why it was just a small profit you get it can be increased once you added more capital. It just only needs to sustain what we have done today while we are slowly topping up for more funds.

How much taking profit will depend on:
- Capita of the trading fund that we are using. If we only have no more than $50, taking a profit of 3-4$ is good enough for trading (daytrade). I also start with that small amount and getting 1-3$ was awesome for me at that time.
In fact, if we have more funds, we will also get higher profits, moreover, if we know the right coin and also time to buy and sell, we can get twice of our funds. 'however, trading is risky, higher capital, higher profits, and also higher risks.

However, right now, I will refer to a set target in trading, not really going to take profits highly because of the current market.
Never be greedy with the profits. As long as we have to get it several percentages, we can take profits.
And, we can also differentiate funds for daytrade, short term, and long term. So we will have still a chance to get other profits from other strategies.

Note: Different people may have different strategies, and may not fit the people also. So, basically, do research on your own strategy in order to really fit your trading skill and style.

Zooming in and zooming out on different time frames helps you decide when to take profit because when you see the trend on the bigger time frame, that's when you know which trend to be friendly with.

When you see that it's bearish on the weekly time frame, then you might as well be bearish on the daily time frame. Before it could retrace down, you could already sell.

Doesnt matter if its just small because profit would be considered as a good job or simply you are doing good and it surely counts and that what matter most.
Im also a trader who do really mind of about taking profits but not really that too active considering about taker and maker fees which wont really be that
worth if you do see it on long term aspects but if you dont mind about those deductions then its your choice. $10-20 should be the minimum
but hey everyone doesnt have similar capital and position that had been made.

$1 profit is not good honestly, it can only cover the fees so I’ll not take profit every time I make $1 you’d better adjust the time frame and your target profit, in cryptocurrency you can earn more if you are good enough to see good projects. I do take profit around 15% - 20%, that’s my short term goal every time I trade.

Yes, I have a deep understanding of what you said about the transaction. There will be a period of continuous profitability. At that time, I think it is really easy to make money. It will not take me long to realize the freedom of wealth. This kind of mentality makes me lazy, even in the days when I don’t check my account for a few days and I have the winning ticket.

Until one day I saw a message stating that Bitcoin fell 30%, which was stupid. The previous profit was not well understood and raised, and even the principal was swallowed. This cost me a lot of money.

What you said is correct, no matter how much you have accumulated, you must settle the bill and put it in your pocket. Keeping vigilance on the market is the most basic attitude.

Small profit and big profit is the same profit. As long as we earn for me it doesn't matter, because I believe that it is more better than losing. The point here is the benefit even if earn small but we also get experience that we can use in the near future for us to become a best trader so there is also a big benefit even if we only earn small amount.

Taking profit has two types
- Taking profit from Bitcoin or altcoins to stable coins or fiat currency but you are waiting to join the market again. It is risky. Because if you rejoin the market when the trend flips from uptrend to downtrend, you might lose your profit.
- Taking profit from your Bitcoin or altcoins and use it to buy real asset: cars, real estates, etc. It has less risk. At least you own something in your hands, for your life, and you buy it from your real money, not from loan. They are liabilities, someone will argue it but those liabilities give you real use cases and have less risk of value loss than cryptocurrency.

In bear market, cryptocurrency can lose 90 to 99% of its all time high values.

It is not necessary because you will end with nothing if you deduct trading fees on exchanges.

"Always take profit" is pretty much the exact opposite advice any rich person will give you.  Whether you talk to Warren Buffett or Michael Saylor, they will both tell you the way to wealth is to buy good assets and never sell them.  If you need money you borrow against your good assets (as both did by selling shares in publicly traded companies).  Always taking profit sounds like a trader's desperate attempt to capture some gains after suffering many losses.  In that scenario, the real winner is the exchange taking your money each time you make a trade.

Always is wrong but taking profit in each big bull run is good. We invest to take profit, not to hodl bitcoin or any altcoins forever.

If Bitcoin rises from under $20k to $64k and I don't take profit, I should regret it. However, have an approach to take profit, I might possibly take profit at price lower than $64k. It can be $40k, $50k but if I take profit, I will feel happy with it.

If I take profit at $50k, I will buy back at $40k. Even I can not buy at bottoms under $29k, I feel happy with my buy back, because I have more Bitcoin.

Taking $1-3 is not bad. I mean, I usually take out profits like when it hit ny goal % profit. For example I have traded $500 and had a good entry. I just set goal profit at 10% of my fund or bank roll then take that out.

When I was a starter, I am doing that like every $2 i took out profits and re entry again but its not that effective all the time and fees will just eat that up in margin trading. However, doing that in usual trading is still a good strategy. Accumulating $1-$3 a day and save it up for weeks will result to huge profit.

we can calculate the profit every month, if the total profit can reach 30%, I think this needs to be continued, because in my opinion it is a good decision, don't let us wait for hundreds of percent profit in a short time, unless there will be a pump we know it

It is not easy to enter with good entry because we never know if the price will drop after buying. Many traders have those experiences and feel desperate waiting for when the price will rise again. But once the price can increase more than the price they bought, they do not profit from that instead of waiting for a more high price that they can not always get.

I considered taking profits of $1-$5 repeatedly than waiting for $100 for a long time because I think I can make a big profit with that small profit if I keep trying. But that will not work for all traders because they will have their own strategies and know what they do.

Should have stated taking profits into percentage instead of specific values since everyone has different entry values. Though if you were for real about taking profits of $1 to $3 even with a high entry value, then that's a pretty bad trade ngl. Taking profits in 1% should be the same as around $1 I suppose, though I'd take quite a bit more risk when I'm going to invest higher amount. I'd actually recommend to a beginner to at least not lose out on his/her trades when starting out. At the very least, break even.

If you’re trading under-capitlaized, and take profit with a very small amount like $1.00 or $3.00 repeatedly, you will not profit enough money. You will actually LOSE money, because how much trading fees are you paying for repeatedly “taking profit” for $1.00 or $3.00?

Why so much of a challenge, just see the price if it has become bigger than buying price and sell at that time.

Have you considered the average trading fee for selling on a possible profit of 1-3$? Chances are that the fee is higher than the profit.

Though that sounds like a get-rich-quick person's mentality. If someone has a point for putting their money on a specific cryptocurrency, they are obviously looking for bigger gains and not 1-3$. Of course the 1-3$ profit might itself be a huge amount if the coin that you have not specified is a shitcoin that averages on a price in cents/shitcoin. ;D

If you talking about bitcoin trading then this is a wrong method. For altcoins, I cant say because I dont deal with them.

You can rank price higher than time, that is, long-term investment, whose secret is to buy low and sell high, to invest regularly, hold for life and befriend time.
Or you can choose to rank time higher than price, namely, short-term trade. Its key point is to reduce transaction fees, pay attention to capital and position management, be disciplined in stop-profit and stop-loss and rival against human nature.

It's obvious that taking profits either thru day trading or short-term hold within the range of $1-$3 won't yield a good profit in the long run.

You also have to consider that you need to monitor your trading activity all day long to somehow get your daily target at best.

It's really a must to take as profits as possible but you can play with your strategy for there for a much higher target rather than secure a $1-$2 profit. A range of $20-$30 would do. If there's no such price movement on that range, test another level like $10 to $20. If still the same, then patience.

In Russian language there is such phrase as "rat race" which perfectly describes "taking $1-$3 daily profit". It is like doing lots of actions during a whole day just to take several dollar profit. I would not do it, because the time cost more than this several dollars.

You can throw a stone in me, saying 1 dollar is always a dollar and is better than nothing. I agree, but I would not take several dollar daily profit out. Instead, I would reinvest it. Because you can always get this couple of dollars from "solving captcha or micro tasks".

I completely agree with you, an experienced trader, always knows and understands when to take profits, many because of greed do not take profits and relying only on their instincts or emotions continue to trade with great risks, as a result, big minuses go away. Taking profit is one of the most effective strategies for making money for a trader.

This profit size is too small and it may not be covered by the exchange commission. Thus, you can get not a profit, but a loss. You definitely need to take into account the exchange commission, which depends on the amount of trade. Thus, from my experience, I see that the commission on my orders on the Binance exchanges is more than $20 for each order.

If you’re sufficiently capitalized, and your net profit after losses is enough to trounce the trading fees, then do it. For me personally, I’m merely a pleb, and I’m also a bad trader, although I studied and researched about it when I was starting in Bitcoin.

2$-3$ is very small profit and i strongly believe that even a new user will not agree to stop the trade with only 2$ profit. Good news like new listing,new partnership,mainnet launch,Hard forke , these are some news which can increase the orice of token from 20% to 100% easily. 10% i think is minimum investor want profit.

Depends though, what if it's the last leg of the run and the incoming graph is steadily going down? I would probably go down and take that profit and just go back in the market when it's on the most absolute or assumed absolute bottom. But if it's not the case that I am talking about, then you are right that we shouldn't take that profit since it's not that much.

Th is is exactly what I have been doing nowadays because all I wanted is to become happy and satisfied, and not being greedy. I have already learned it from my past mistakes where greed leads me to failure in profiting in most of the coins and tokens (especially shitcoins). I’ve lost a lot to be honest due to being greedy.

Right now I have a new habit. When it’s profit no matter small or big, I would go “TP” mode and now I am on the road of recovering some losses that I have in the past.

OP has not accounted for trading fees, and losses from other trades. It’s also very simple and easy to look at a graph, and say that “this is what we should to do”, without actually accounting for everything. But only 10% of active traders are truly profitable in trading. That’s a fact.

Yes that's a good advice to take profit no matter how big or small it is but of course since you've talking about profit also to remember to do the same during losses, if you lose 3-5 it's time for you to stop. Remember to always consider a risk/reward ration whenever you are doing your trade.

Same advice I give every young traders coming into the game to alway do, it is safer to fall back to stable coins you could acquire every buying point than waiting for a particular point entry from your last purchase. I do advise profit thefts. :-*
Taking profit is awesome!!

We learned somehow after having a bad experience and that's a thing we are supposed to do. Many were still too hard to correct themselves that is why they keep on losing and had no chances to succeed. Greediness might come to our minds and it wasn't a problem if we know our limitations and were able to control them. It only just getting worse if we never know how to manage it and IF we embrace that greed.

Maybe if we use scalping trade, getting $2 as profit will be good as we can repeatedly trade with fluctuating of the price. But if the market is not moving significantly, I think taking profit for $2-$3 is good as you can search for another chance to make more profit. But every trader will have their own target profit that they want to reach. Maybe @OP is saying that for himself but we have different amounts of profit that we want to achieve.

For big traders and investors i think this is easy to gain profit 1-3$ from any token. But i think they did not think this little profit as they invested huge for batter profit. Yes you are right here that only for new investors can take a chance of it and i think they have to wait whole day in exchanges for spot profit as they have little experience in crypto. overall its good decision to think for profit always.

Knowing when to enter or trade is not as easy as you think it is, even with the right strategy you might still end up buying at the high price, taking profit is always kinda difficult since emotions are normally involved, you might find it hard to take profit cause you feel like the market might continue pumping and you might gain more if you still hold that position, taking a $1 profit isn't a great idea either, although I know it depends on the capital used for that trade, but taking $1 profit just doesn't seem right,

Market movement is not always remain same some times price of few currencies go up and sometimes go down but problem is that who have no good knowledge about bitcoin or crypto market thay always remain in loss situation. When price go up then they buy and when price of that currency go down they afraid and sell that currency by the way they make loss. So for those who make loss like that way take profit is a good solution for them because where market goes i don't care i just want to make certain profit from the market. So I think always take profit is applicable for those people.

That's depend how strong mentality you have belong. At the end of the day, it's your decision whether you choose to take loss or take profit. As far as I might be concerned, I really like to take out benefits. Assume you get a coin with a daily/weekly movement of 5/10% ups or down then trad it's lows and highs. You can easily gain a smart profit per trade and you can win big over time.

Refusing to take profit has really ruined some traders, most times jumping into a trade isn't t the most important, our greed blinds us from seeing that a trade has made profit and that we should leave the trade, instead we keep chasing more profits. Just like holding a gold and keep picking stones. As a good trader we are supposed to trade with target and when our target hit we exit trade, to be a successful trader greed shouldn't be part of us.

Several times I missed the opportunity to get profit, because I was delaying to take profit, because I think the price of the coins can still go higher.
It turned out that unexpectedly the price suddenly dumped, and that's because I'm too greedy to get a bigger profit. I agree we have to trade according
to the plan we have set from the start, this means that if the coins we have bought reach the sell target we want, immediately sell the coins.
So that we don't lose the opportunity to get profit, we really have to be disciplined when trading.

I completely agree with you on that $1 take. It's quite a wastage of time to take such small profits and call yourself a trader. I can understand if the market was crashing and you took small profits hurriedly in fear of losing everything but you cannot just set goals of earning $1-2 from trade because it's just a waste of time and one shall find something better in life.

It is much better to work for some bounty campaigns and put your efforts there to get a much better chance of earning decent tokens. In fact, there are many service seekers who will pay a few bucks for a basic hour-long task or even less.

From reading all of the posts, I believe many people who replied in the topic has not tried to trade very seriously, or doesn’t keep a record of their trades WITH the accompanying fees after each buy and sell made in an exchange. It will honestly be hard to take those people seriously.

Actually that's a bit of "okay" already for me when converted to my local currency. I only got cents when I day traded back and never got into single digit, but if I could have build that 1-3 USD, I might have focused into trading more than in my job but I know that is a bad decision.

This is what i had observed and if they are just too active on doing making some pull or securing  profits on $1-2 profit then it isnt really worth on doing that since
maker and taker fees could really be hurting once it would be accumulated that for a long period of doing constant buy and sells.You would really be finding that you
are losing that much instead on making profits.

You might be looking that you are in positive but once you do check out your portfolio or balance then you would able to realize that you are definitely doing wrong
or really that too much active without minding the deductions.

Keeping your trades less risky with low profits margin and investing back the profits you made again into your next trade can theoretically can make more profits in paper but how long you can be doing 100% perfect trades?

You can never exit that trade at perfect point because it relies on the future cryptocurrency price movement.

Matter of fact, taking profit doesn't only applies to the traders, it involves the hodlers too. Hodlers should try and be applying profit taking in every of their investments. After all, doing so won't kill as you probably would have locked-in little gain.

For example, if you invested on a project with 10$, and the project shoot up to 30$, lock-in 20$ and try to leave the remaining 10$ worth for short/long term. By doing this, you've taken profit and still an investor on that particular project.

In respective of whatever trade you're taking or investment you're buying, embrace taking profit so as not to lose it all.

✌️

I considered everything as long as I got profit all the time, but it came out that regretful when I reviewed all my previous tokens. The situation went so frustrated as I saw it raging around $0.12 in price, yet I bought it through cheap value at around $0.02 last year. What makes me more emotional, is the  increasing value of my past tokens which I failed to hold just for quick profit that I put into urgency.

Well, that is not bad at all,  earning a net income of $1-2$ per session is not bad at all and if you can able to manage your profit continuously that is the best part of making a profit here. But I don't think if you can do that continuously, there is no guarantee that you can always have a winning per session. In trading, you need a large capital so that you can widely choose a good project that you want to pick and trade if you can do those, not only $1-2$ per session that you will get --this was mean that the high amount you risk the possible high of good return that you will take.

did you calculate the trading fee that occur in every trade? how much fees will spent if we make multiple trades , isn't more risky if compared with one shoot trade with high validation signal from chart ? personally i will trade with 1-3$ only , risk reward ration is not logical at all. you must do calculation about risk and ration that will taken , it is very strange our target only 1$ but risk that may occur 100$ ..


they didnt thinking about how much risk taken for only $1 profit and how much fees will spent .

Taking profit is a good choice when you're new to the trading practice. Little by little you need to try to take back the capital investment amount. When it comes to trading you need to take risks, because taking away the profit and leaving the capital could diminish the profit rather than increasing the profit. If the profit is reinvested, depending on the market progress you'll be profited. Everytime market changes won't happen as we predict. We need to be active and increase the holdings, which is the basic through which one can profit while the market turns bullish.

Profit is profit and this what matter most but we should consider on how much fee would be deducted out of those profit.Try to see if its feasible or sensible to do so because we cant really just make out

close orders too fast and just like what others been saying about the fees which is definitely true.You cant just earn $1 in whole amount if you are tending to make some sell.

Platforms or exchangers do have specific fees on every actions you would make.

As i say you should take a small profit but that should be profit. And try to save yourself from loss as much as you can because whenever there is a change in market there would be some profit or loss and at that situation you should take even a small profit but don't be in loss.

Yup, it’s very important to take your profit before the market goes down.
But, you can’t tell when the market is going to crash again. It is now up to you to know what you really want.

You can decide to set a target that you think will be okay for you to take profit and when the market reaches that level you can decide to take your profit, or if you feel that the market is still going to keep increasing, you can just take a bit of it and leave the rest as you continue to watch the market. Anyone who is trader always has to be watching the market steady so that you won’t lose. You can set your stop loss as well when you’re trading to limit the loss.

In actual sense the Genesis and happiness of trading is a profit, no one can be happy when is getting lost always, so for the happiness and more research approach to be continue via trading showing that the trader is at positive side, you have to bring out your profit without hesitation, because a little delay might cause or wipe away  both the profit and the capital, so no matter how ambiguous, quantity, large or small a trading profit is, "bring it out" don't allow it  to accumulate before doing what's obtainable. Shall in this trading aspect some people actually have a specific target that comes to their mind before going for any trading.

Short time trader do earn quick profit now, and while btc was trying to catch-up another bounce the traders seem to be so aggressive to grab their profit. Eventually, buyers also take every bids as demand continuously undertaking. But for those long term holders, patience is their only motivations before reaching success.

i think it was the professional that do that or those people that are in trading because they know that its hard to profit in a volatile market so instead of waiting for a long time and a possibility of another decline they just work there way up collecting smaller amounts and it was the newbies that dont have enough knowledge but are too ambitious and wants big profits but they fail to get it .

Not everytime because there are times when you have to be smart and a bit greedy and patient especially when the prices are continuously going up, you have to wait for it to go up to what you think is the highest peak of that time and try to sell it at your guessed point so you can make a lot of money. Some common sense can help you especially during times that you have doubts on whether taking the profit or not.

I don't think taking small profits all the time would be ideal but will still depend on the trader's skills and understanding of the market. I would prefer to take huge profits one at a time so I'll get a better amount. We could actually be a short term trader or a long-term holder depending on our comfortability. We could apply different strategies as long as we're gaining profit.

It is obvious that trying to take small capital is only good for people who have a very low balance, but that is basically not good enough for your gas fee if you are in DEFI world and swaps, and even in central exchange you need to basically make few trades good like that just to have withdrawal amount, may take a whole day of working just for the withdrawal fee. All of this combined shows that if you are poor enough to think 1-3 dollar profit is good enough, then you should probably focus that working hours on something else to earn salary.

There are many very bad jobs out there in the world where you can work and earn a small amount, work in a McDonalds and you can make 500 bucks (even depending on nation, I doubt there are many nations that pay less than 500 dollars in 3 months, there are some but not majority) which means you could gather bigger capital first.

Good point, as we can't deny that there are day traders who can do this kind of trading practices.

Personally, I go with you. Taking huge amount of money holding in a much longer time, I would like to wait and maximize the profits.

Just know and understand your capabilities, it relies with how you manage your decision-making.

We can both combine as long as we are willing to enhance our chances within this venue of business.

I think that for most traders, for whom trading is not their main job, they have an office job and a salary that allows them to support their family. Therefore, such traders reinvest their profits in order to collect really large capital that will allow them to leave their work in the office.

You know, I also learned to trade cryptocurrency, I tried to fix profits as often as possible in order to understand how the trading system works and to motivate myself for further trading. Yes, this is a small profit, but as for a beginner in trading, it is quite normal for itself, all the more it raises your mood and shows you that all your actions are correct and you have a profit. But after such a run-in, you can raise rates, but here you need to remember about the risks, since the more profit you expect, the greater the risk of losing it.

- I hate the constant fixation and taking profits at small profits, although this will be the ultimate happiness for new traders but they can't preserve this principle all the way through as many people think this market opportunity is a lot but when summed up, the number of chances to win each year is very meager, need to increase profits and stop the principle of a few dollars profit to deserve many other rewards

No, I wouldn't consider this method but it might be good for novice traders who are learning. In addition, I think day traders are traders who are quite accustomed to prioritizing relatively small profits compared to long-term traders. Although I am not a professional in trading, but I am not interested in taking $3-$5 profit per session. There may not be anything wrong, it's just that you need more time to see the price movement.

This actually reminds me of the crash game we play at crypto casinos. It's all about greed management and actually one can learn greed control by playing that game even if for fun and with play money or negligible amounts. The rocket starts and you decide when you want to cash out because too early means you missed a big chance of multiplying the bet and too late means you got too greedy and lost everything.

The same can be applied here in crypto trading, you wait for the profits for too long and might end up regretting while at the same time you don't want to exit the market too quickly because everything was setup right for you. At least in trading you can partially cash your profits and setup stop loss so take advantage of those things.

Op you can actually make profits depends what amount you wanted to trade in the market.. And that $1-3$ for sure you have small capital that's why you can only get such estimate price despite of the situation.. I agree that it's to difficult now to earn a massive profits but yeah there's still opportunities to win from trading which a chance to make good profits even just short term, but of course you need a big capital so that you can make a good return after as well.. Not small capital coz its a waste of time when doing short term..

I think it is no problem if we will take profits at that rate. Moreover, it will depend on the amount of our capital. sometimes, I also take profits at that rate because I only have a small amount and although it is small profits, if it is continuity, it can be big,
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.

I don't know how much the capital is, but to be honest $1-3$ is a too small profit. In my opinion, at least you can earn above $10$ for a single coin you trade daily. Usually, I use about $50 - $200 for daily capital buying 1 crypto coin. If my target is only $1-3$, it seems just wasting my time a day. Our efforts in trading should be appreciated better, below $5 seems very unworthy.

When you do it consistently even inspite of the losses then it would be still considerable to make your capital big until you do make some compounding which would really be the best if you are just a small scale trader.

Taking profits should be your main goal or priority but also mind of that there's always a corresponding fee on every sell or buy that you would make.Therefore, there would be deductions which will really be
accumulated on even though on small percentage deductions but it would be significant later on as you do continue.

It is really on someones own ways on how he would sustain this market even though he's aware on the fees but still as long it could give out greens into his port then that what
matter most.

That's a human instinct to protect our capital because of fear of losing huge amount of money, but it's just alright to be greedy at least for our benefits. Personally, I've also with that experience last time when my tokens got so high in value but due to green I failed to sell them because of huge expectations that $1 can be attained one day. Greed not only exist by the time you decide to sell all your asset but also you're green for an opportunity that's not yet happening.

For the expert, it was so easy I think but for the newbies, I can tell it is surely difficult for them or even to lose more rather than making a profit. Making $1-$3 is not really satisfying for me, wanting more is our target, and tend to make ourselves greedy but it finds to be natural since we all have a dream. Spending 10 hours a day in trading for example and then just get $3, not just a waste of time but it sounds like we are not good at trading and we need to find a way to improve.

we have to comparing our profits target with risk that we have to face, money management teach us to use proper ratio between risk and profit. we should not open trade when risk that occur bigger than profits potency, it could not make us survive in market if our loss position have bigger amount.

People loss a huge amount of profit or even capital in crypto because of greed, I experience it last bull season on year 2017 i was holding so many altcoins and i don't take any small profit because I want big profit, we all wanted a big profit no one can deny it, because most of the people is greedy. But for now I learned a lot from my mistake and I slowly take even small profit small and big profit is almost the same and it is better that we can earn small than nothing.

Yeah, I don't think its worth the effort you will be putting to take $1-$3 profit. Sure, it might stack up to some good amount if you keep on doing it, but don't you think it would be better utilization of your time if you do something more productive that will be giving you better profit? As long as you are not selling when you haven't reached your profit goal, everything is fine! Keep holding. In the long run it will pay off.

That's valid! if you don't see the value of profits compared with the risk that you'll going to take either to take a small

investment or forget about it, it's very important to know how will you balance the risk, more on good money managements

that will drives you to earned decently with much lesser risk to take.

Absolutely true. It's not too cool to add profit to capital while trading, its as if you are putting all your eggs in a basket and it's risky, it's certain that trading is all about risk. There must be risk management. Which is risk must be managed by always take the profit

Actually, pro traders don't look much on how much they can make money from a short trade as this was hard due to the volatility of the market but they are taking a chance to have more in long-term trading. That is why, if you are just a newbie and impatient person, trading will really hard for you, and the possibility is that you can't able to manage your emotions and getting bored leading to losses.

I've done this before right after I installed the Binance android application. It's just too much work and effort if it is not automated. That also means monitoring the market every minute to take the profits if the movement has the volatility of $1-5. But I tell you, it gets stressful in the long run like you'd rather take a day job than do this over and over again. Repeated days will make you worry into where it will go so you will rather take the longer periods with higher profits than this method. But you are right, it's a good start point to learn then go for higher numbers after you master it.

It is not always possible to make a profit in trading those who have much less knowledge about the market are usually more at risk later. Professional traders can easily make a profit they can easily catch all the strategies of the market it is possible to make a profit on currency the global currency exchange market but if you are not prepared and do not plan your business much more is not possible for you. Traders who execute many small traders especially in different markets where the relationship between the markets is low have a good chance of making a profit.

Whatever you said mate, it’s good to hear theoretically.
But as you know, the one’s who work online are often lazy.
So rather they would take no profit, then gathering 1$ profit every minute to gain the upperhand.
Yes it can be beneficial for someone who is new in trading.
But i know the rest of the traders will ignore it as they seek for bigger opportunities.

Taking profit is a correct way of doing things by being proactive about assets/profits. Obviously there were times when I didn't have the courage to take profits. When you think it is going up and there is a lot of good information, it is difficult for me to conquer my own thoughts and beliefs. Maybe I'm not suitable for take profit. Lol, agree with multiple profit taking times that increase capital turnover and significant gains for altcoins.

3-5$ per session is probably too little for a pure trading session according to 15', 30'- 1h, 4h candles. Lol, also how did you build your initial capital?? Why use the math problem only 3-5$

Actually, if you always take profit it means you need to work hard on it and face many difficulties for you to gain profit always. It takes courage for you to take profits. Not having enough knowledge on it is very much impossible to gain profit  because it is like your taking risk and avoid to survive and gain profits. Traders who works hard, have proper knowledge, a good research skills and a strategies have a good chance to make profit. But, it's important that you start point to learn and go to higher numbers before you master it. Risk management is always been there, if you want to always take profit then manage your risk though.

It is not easy to take profit from crypto trading, there are many factors that we must have, so that we can always take profit. These include
knowledge, experience, risk management, market analysis skills and emotional control. By mastering all these things, we can easily take profit,
because we already know the crypto market works. So the strategy we use can be effective, and every decision we take can also be right.
So don't ever be lazy to study hard about crypto, so that all the points that I have mentioned before can be owned.

Taking small profits will reduce the risk of losing your capital but don't forget that you also have to pay trading fee for every transaction which eats yoir earnings if you are keep doing it more. And there is a common fact that day traders are making profits in the short term but in the long term they end up with nothing due to the volatility on prices and failure of compounding.

I also had the same mindset, or at least was trying to gain from smaller profits. However, this wasn't possible when I was in Bitstamp, due to extremely high fees.

I moved to Binance and was able to trade every now and then, but I've stopped now, for personal and psychological reasons.

I think that's where the trading bots come in, you tweak them to your specifications and then test it and see if it makes money more than losses, it will be a lot of work tweaking a trading bot to your specifications but it will be fruitful at the end because if you did it right, you are making money trading hands off and at the same time doing a day job. It doesn't have to be hard, you just have to make something out of a negative situation.

Always making a profit depends entirely on the type of market analysis and trading. It is unlikely that a trader's trading analysis will always be accurate and that he will always make a profit. On the other hand, if you make a very small amount of money, such as 1$ to 3$, and always call it a profit, then it is definitely not a feature of professional traders. Because it’s hard to say for sure that the market will rise after every purchase and you will only continue to make a profit. In some cases, the market may go downhill and a small amount of profits may be exhausted on a trade. Therefore, it is more reasonable to make a profit from a profitable trade through market analysis without considering only the profit from each trade.

Has anyone been able to take profit of nearly every trading session they've had so far? If anything, I think they were lucky enough for this. But I'm not so sure that one can do it consistently every session created.

So far I only think that the analysis can help traders to get a better chance of making a profit. Maybe they can do it quite often but to achieve that consistency then I think it's almost impossible due to the constantly fluctuating market. OP, I would not consider this $1-$5 gain for my trading activity so far. Obviously it may not be the wrong choice, but I hold the trading asset for a certain period of time until my desired target is reached. When someone has a habit of short term trading, they may use anything to get minimal profit and that is good for them although not for others.

It is not going to even stack up that much, it is such a low amount that we are talking about basically nothing at that point, who could even make a profit with $1? I mean maybe with $3 but even that is too little, think about all the fees you will have, that means you are going to lose most of that money away anyway, which doesn't make sense. I rather make a big investment and long term so that I could make bigger profits.

This may end up working if you have very very limited funds and you have a lot of time, like maybe some high school kid may try this, at worst they will lose few bucks but that's about it, nobody else should even attempt this. Either put it on long term, or aim for higher profit, otherwise you are spending your time for nothing. Go study something that could make you profit and you will make more money in the long run.

Asset diversification is one of the strategies that many traders use in an effort to increase the profitability of their asset. If you believe enough in bitcoin then you can be 100% with it but if not then you have to diversify. There is nothing wrong if a trader chooses 50% of his total asset to be in altcoin while in my opinion bitcoin should also be considered in his portfolio.

This is one of my methods, in order to gain then diversify your money so you can gain from other coins too. Take advantage of other potential cryptocurrencies because there are many of them with a good use-case and the potential to be game-changers in the crypto market. And if you only have a small amount of money to invest, it's better to make money on other new altcoins that can pump x2 in a short period of time. Don't be loyal to one, diversifying your money is a good method, many people have already tried and get profit from this method.

There are a lot of traders who does not consider the small amount of profit because they already make trade big. No matter what happens profit is still a profit at the end of the day we are heading to the profits and not about the losses. Losing in trading is just part of it so look forward to your profit. Sometimes we are having a bad day with the trading the market does not come to us so it's better to have a trading plan if you think you already lose your path bring it back again to the trading plan.

There is no doubt that we must always try and end every trade in green (profit) and the benefits are beyond just profits. I will explain why and what benefits you get as you end each or most of the trades in green.

When you end up a trade, there is a particular sentiment towards trading you feel and when you make even 1 cent loss, the sentiment will always be negative while if the trade was closed in green, the sentiment will be positive which fuels you for future trades and gives confidence which is not just good but crucial for a successful trader.

There are many simple strategies that can be applied. just choose which one is suitable and easy to understand. Basic trading is very important to know in order to be able to read market movements correctly. Learning and continuing to learn from every trade you make will improve your trading skills and trading experience even more. Technical analysis can't be learned overnight, it takes several tries to get good results. Trading will not always be profitable, there will be times when you will experience losses

You are right, the profits will always be profits by very few that are, for that, the negotiation I see it as a business, that is, if we compare trade with a traditional business, the ROI of a traditional business is calculated. At about 3 years or more, ROI in commerce is a variant according to the negotiation style.
I think the trade agrees with the personality of each merchant, not all think the same, some have different ways of seeing the market, the core of everything is in knowing what kind of negotiation wishes to do, be short, medium and long term, if it defines that area, it is easier to make a strategic plan according to the merchant's style.

Yes, I hope We can get profit every signl trade.Profit is profit no matter how It's small or big amount. Another side lose is part of trading. We can Learn to lose trading. Learning and working makes good trader. You need to more patience for trading.

Signal?

You don't need that actually if you're trading. You need indicators and verify them if they are really going to work out.

As part of trading, you'll be taking the profit always at your very good trades.

We do have the common goal which is to make profits but not all would be ending up on having same decision on when they would be taking their profits.Some would be re-rolling their profits and some would
secure it right away for faster ROI.

It does depend on the risk you can take and as long you could make money out of your trades then its up to your own decision on when you would be taking those.

We have different level of risk management so these things will really be varying or do ending up on different situation.

Taking the different type of reaching Roi which is to compound my profits for faster making big of my capital or bankroll and would able to achieve bigger positions since you do have already sufficient money to do so which it could really give you out that kind of versatility which would really be an advantage but also having bigger risk but since you do already know on what you are doing then it is really just worth to give a try as long you do aim for making it bigger and aiming for faster return of investment.

You should not rush up yourself on attaining that goal.It should really be slowly and surely and you are right that we do have different decisions on particular situation.

Nope, not in a single day.

Yeah, sometimes I got decent profit but how much do you think I have lost in order to reach that point? It could be possible to take profit everyday if you are just looking for short-term profit like 5 - 10% on every coins but again I would like to reach something bigger than that so I'll just seek for something more profitable once I see it, that's why I have inconsistent wins.

In my opinion taking small profits decisions is based on poor decision making or not being confident about your trade especially if you are trading with a good amount , if that so i don't blame you but if you keep on repeating it than you have a problem and you need to work on your strategies and your methods, because it is a bad habit and will lead you to make many losing trades.

If I'm in that position, I'd rather have to stop trading for a while and take some moments to realize and find where I'm getting wrong and to evaluate if my strategies are still working or not. It is very important to improve our knowledge and skill, as having a losing streak means that there is something wrong with us and that is a need to take action first and settle it down before we continue otherwise, we could just keep on losing forever.

start from little profit and consistent we could earn big profits. It doesn't about how much its amount but about how manage the risk so it could be minimize. every traders ever experience loss and bad day but move on from mistakes and improve skill was good step for our future. i am agree trading plan could be solution to manage our risk and profit so our balance could growth smoothly.

I's healthy when you are  a trader, not to push yourself to much but rather taking some break when you see things is no longer working

for you. Assessment with how your trade comes up and pinpoint all important matters that may affects your trading practices.


There's always a winning way if you are keen in seeking the right system. If you keep failing yourself and keep losing your money, it's time
to think more deeper take time to reax and free up some hindrances inside your minds. You'll find yourself clearing things up and start gaining
good system to bounce back.

to achieve our goals does require a process that sometimes takes a long time. but that is our foundation in forming a business. so that from a small capital and growing into a large course through various problems that must be faced. therefore knowledge and understanding are the main capital for trading, and capital only plays a role after knowledge

Stop-loss function is a must to use one but the problem is that people think they entered the market in a right moment and don't consider to use this option. When their loss is 10%, they think that this is the max, let's risk and wait what will happen. When they see a 20% loss, they think that probably this is the max and selling right now would be a total mess and these continuous and finally, they lose. I have often seen this trend in futures trading when people use high leverages.

But if you really think that trading for some bucks worths the time and the effort you put in it, then you are totally wrong. First of all, you shouldn't start trading with 40-50$ and shouldn't seek for risky movements but when you have normal capital, like some thousand $, then you should aim for higher profits than 1-3$ because in trading usually you have to spend the entire night watching the market in order to catch good moment instead of sleeping, so, yeah, it's very hard and you should act wisely.

In trading there will be some loss as well as profit . But you should take profit from it whether the profitis small even it doesn't matter. You should analyze the coins first and get the profit.

If you're trading on Futures, don't ever allow a winning trade turn into loss because of your high expectations of it to give you an exaggerated ROI. Take your profit and run. Watch and wait for a better entry to make a come back. Most times it's greed that makes traders allow such a situation to hit them, and not because they don't have the knowledge of TA. You risk your capital doing that as margin call can happen at any time.

It's better to allow profit run than cut it short because of fear. Picking small winnings repeatedly can be wiped off with a single loss. Fear of losing isn't supposed to be something to consider for traders who want to cash out successfully. Professional and successful traders don't trade with fear in mind.

I understand the thing that traders are aiming for a bigger profit but somehow, we can't escape from losing sometimes for the market isn't in our favor all the time. Now, we have to understand that every single opportunity like having a 5% daily profit is a blessed day for us. We can't be all greedy always like we have to aim for a bigger profit as this will cost us.

I could remember how I miss the 2017 market rally, I thought it keeps on growing to neglect to think about selling when Bitcoin reach $20k, it is mess and I dare not to let this things happen again as I'd never hesitated to sell once get some profit. 

I was interested in learning how to conduct Futures trading, but I've heard that it's quite risky. When high risk is involved, it's safer to just collect your profit and go. I've faced the same conditions when investing in DeFi projects, despite the greed to earn more, I had to collect my earnings and withdraw, turns out that it was for the best.

I like to take profit minimum 20$ when my investment is 1000$+. But if token has high chance to go hig like 60% then after ever 10% i like stoploss.
Its better to wait after entry to gain minimum 20% of totak investment.

I have set out Trailing Take Profit (TTP) most of the time to protect my profits if i do see some continuous rise and yes 20% of your capital would be a considerable target for you to pull off.

You wont necessarily need to take profit when you do gain $1-$2 because that would be still not worth considering on the fee takers and makers which it wouldnt really be worth if you are actively doing it.

Actually this do really depends on someones decision but if you do really based up with calculations then you would really able to realize which is worth.

Yeah, it will vary as per the trader.

But to me, I'll choose those take my ROI faster if it's possible and won't allow to trigger any greed that shall come if I'm already in profit. That's where many traders are going wrong.

They are already in profit but they choose not to take it with the hopes that it will give them more profit so they choose not to sell but the opposite occurs.

This is another vital point we should take seriously, most newbies don't even think of it! There are all just after pulling out big profits with little capital which isn't supposed to be so, slow and steady is better than going so fast and crashing along the line. This should be taken more seriously building a portfolio requires consistency, effort and patience, so taking the little profit from time to time is better than going to chase the profits that aren't foreseen, it's just like throwing a gold while picking stones, no matter how little take the profit when it reaches your target.

Make sense, but depends from the type of attitude a trader have, most newbies are after big gains in a short

span of time, making them to commit mistake and lose their money along the way. It's better to learn more

deeper and try to find best strategy for your long term journey into this industry.

Majority would really be minding about faster roi but without minding that they are really making it long if they would really be having that kind of trading taking profit behavior.

Taking profits isn't bad since this is our primary target but just same as mentioned above that always remember about the fees.It would just pile up and accumulate which it would
really be a significant amount if those would be done on longer periods of time so you should really watch into that.

I also got misguided like that in the past when I was actively bounty hunting by the times of 2016 to 2018. With respect to all other coins except bitcoins, it would be always a good practice to go for profit booking at time to time rather than holding and then getting disappointed. At the same time, I am not recommending to book profits for bitcoin unless otherwise you are an active trader and not minding about long term holding.

Because, with bitcoins, people are making more money if they go for long term holding rather than being an active trader. Moreover, to beat a long term holder by active trading, we must need more stronger TA and FA skills.

100% is unknown because talking about peak prices is always been questionable which you wouldnt know if a coin would hit that up or would really be just good on the time you had sell out.

So this is a matter of risk taking into someone who had made out some investment or did get on some sources like yours which you do get from bounties which you do earn out of those efforts
or work that you have done.
ATH is undetermined which means you dont have the idea on what would be your target but since we could create on our own depending on preference then you can picture out
or set your own.

I didn't have the same experience when holding tokens. Sometimes, it's best to sell them at an early stage, due to the hype they create when they first launch. I had two different tokens, which had some kind of value when they first launched, I decided to hold for a while, but then I forgot about them, their value was zeroed.

For most of the altcoins and tokens, I agree that taking profits as early as possible must be a good thing. IF we go for waiting then we will lose value and I have few coins and tokens which finally got delisted from exchanges hence now I am unable to encash them. So, taking profits time to time in this crypto space is more important.

Some people do argue like the December 2017 must be a right time to take profits for all bitcoin holders so that they could buy back by December 2018. In some sense, they are all right but being a long term holders, I never plan for long term/short term trading of my bitcoins.

Indeed. Selling it early will possibly give you profit. You might earn profit by selling it early but you can gain a small percentage on it. You need to have strategies and techniques on doing this especially market prices is not stable. Sometimes, it experiences downfall and sometimes market prices will boost and increase. If you want to wait until prices goes higher then make sure that the coins you are holding is worth the wait. Because sometimes other coins and tokens lose value and finally got delisted. If your not sure that those coins is good for long-term then selling it time to time in crypto space is very important.

Many that joined the 2017 bullrun were a little too late to realize their profits. They thought it would go beyond 20K when it suddenly crashed.

As i have to tell you something about trading that we don't know about the coins and except predictions we can't do anything and we can't say 100% surely about the coins but we can predict and after predictions we should get profit whether it may be small or big but it should be profit, we don't have to be greedy at all, otherwise we can lose that profit too.

Depends on the airdrop, now most coins that gets airdropped are totally worthless no matter how much you wait and hodl on to it and the last thing you know, you're the only one is hodling it. I don't advice to take profit if it doesn't make a lot of money.

I think those who have bought BTC at 29k-35k need not to take profits so quickly.

Well in my opinion I think it is good if you will get a small amount repeatedly because at the end of the day it will end up like a big amount of profit. So I think there is no issue about it small profit and big profit is the same profit so we need to grab it, many of us loss because we wait for a big profit but at the end we loss.

consistent is the key for our trading resul, never underestimate with small amount.When we accumulate this profits for years i am believe if could be huge number. huge or small profit should be our problem , we only need to concern about how to generate profits consistently.

Small amount of profit but when its accumulated then it would really be that significant in longer run but there are lots who dont like to go into this process but instead they would really be rushing up on going or getting

high profits directly without minding the risk of losing and that do results on rushing up decisions this is why consistency and sustainability should really be your main priority.

You should take profit but of course it would be better if you do make it on bulks to save up on the fees.

It was lucky for those who join airdrop if that coin/token has a market value because base on my experience and what certainly I see nowadays, they are not even listed to any exchanges. If that have value already, we better have to sell it ASAP. I just wonder why many people still have the guts to join these nonsense promotions even though they know it doesn't give them the assurance of getting rewarded.

I believe one of the things that do kill trader's are Greediness I believe you should always learn how to take money even if the money is small there are sometimes you just have to take the little amount and move on because if you still want to be in the trade you might endup losing your money. I believe in Cryptocurrency no amount is to small since is your profit not all coin will make you rich and not all coins will do 2x or 5x. When the once that will do 5x come you have to take it and when the once that will give 1-4$ come you still have to take it and move.

Greed will stop the common traders to take profit.

You'll aim for more and higher profits that you might think you can rake easily. But that's not the case, for professional traders, they know what they want and how much that they are satisfied with.

They know when to take profits even it's lesser than their expectation as long as they have made gains on it.

Keep in mind, you have to pay the fee for every trading session you make. It's a small fee but when the case is only $1 profit then you would not gotten $1 by at the end of your trading session if you do it continuously. It's a good practice to take a small profit and help you if you are a greedy person but I don't think it's applicable on every session.

The same thing also happened to me, a few weeks ago, when the Iron.Finance platform was hacked. I unstaked my coins and received a few Steel in return, it wasn't worth much at that point, but it was still worth something. I sold every single coin and the next day, its price had plummeted. It's best to sell quickly if some coins/tokens don't look too promising.

I have tried that strategy before but I found it really drab to me. It entails time and energy for you to look at the price, figure out the prefect time to buy and then you need to find an appropriate time to sell.
If you yearn for just several dollars, you can sell in a few hours or even minutes, but it turns out to be not worth your energy, "Do I really need to spend this energy on the few dollars?"
If you hanker for a considerable amount of money, either you invest a lot or you wait for some time, maybe a few weeks or even years. That is risky coz if you invest a lot, it's probably you lose a lot. though the price seems low now, it might slump in the next second; if you need to wait for a long time, then the price is more unpredictable!
always taking profit sounds like a good idea, but I really don't recommend it

Buy low sell high, this is the best strategy.
Do not look for over-complicated trading bots, strategy based on exotic indicators or some fancy Wall Street guru technical analysis.
Just buy low and sell high if you want to trade.
Only consider that trading is a job like all others. Be prepared to lose everyhting and ask yourself why only 5% of traders actually gain money while all the rest loses most of their starting sum.

Easy to say, hard to implement, it's the basic principle but nothing more than that. It's only theory, and it's hard to conduct in practice. I've traded for quite a while and was successful in most of my trades, managed to make a decent profit each time. However, most times can be unpredictable, and if you're not careful enough, you'll end up losing more in the process.

Sometimes it is easy to say take profit but greed won't let some of us to do so 🤣🤣🤣

mistakes made, are something that can be corrected at a later time of course after we analyze it properly. there is nothing that we immediately know and can do well, of course it needs a process, as well as trading in crypto. as long as we continue to learn and correct any mistakes that may occur then we will be able to make a change in all actions and it takes a process and I agree with you that it takes a long time to learn and needs to be quite careful in all actions, because it can make us suffer a great loss.

Therefore, there are many benefits that we can learn in this forum, by studying other people's experiences, we try not to do the same thing, and if we make mistakes, we can quickly understand the mistakes that we did too, so that in this way it is hoped will speed up our process to master trading

It is possible to make huge profits from trading but for this you need to know about trading after gaining experience by trading real with various bonuses in trading it is possible to earn a lot of profit by keeping money management, tech profit stop loss lot volume leverage, etc. properly and trading according to the rules if you want to get something without difficulty or very quickly, you may have to lose a lot. That is why we have to move slowly towards success.

No I haven't consider taking profit that small, it still depends on how large your money on spot trading if you have $10 of course that $1-$5 profit is always a big percentage already but if you have an account with more than $1000 I don't think that small profit is very small. Especially I'm trading in leverage with around x10-15 multiplier.

Small profits are fine.

As long as you're satisfied with that, you don't have to rush on getting bigger profits. Just go with the process and you'll enjoy to take profits.

When you sum all of those small profits, it's still profit.

Always take profit it is easy to say but difficult to do .but always profit  is not possible. because many problem for this profit.if a trader cultivate the habit of taking profit during trading he would have an upper hand over the market .but that will not work for all traders because they will have their own startegies and know what they do.

That really depend actually. The more capital you have, of course the higher chances of getting profit. For example if you spend like 1000 usd for trading, short term profit of 1 to 3 usd would be good enough for me. The only enemy there is your control, when we say profit as long as your not satisfied you will not be contented.

Your control will help you a lot when using a decent amount of capital,

If you know how to play well and you are always aiming for profits, even it's not big but you are content with it, that's better enough
instead of losing more with greed that controls you while still inside the market.
Keep your goals and target as it is, taking profits always depends on how you enjoy green result than having negative because you lose
your control.

This is one of the big challenge that had affected my trading journey, that is not taking profits appropriately, I had on different occasion due to greediness lost considerable amount of profits that ought to have been taken by me, nevertheless I allowed the trade to run, unfortunately the price reverses and ended up in a loss, the fact that cryptocurrencies are very volatile in their price movement is always hunting inexperience traders, however I am trying to adjust my trading plan to take profit at a fixed target irrespective of whether the price will continue to trend bullish or bearish once profit is taken I quit and wait for another opportunity next time this I plan to judiciously implement in my trading to avoid those avoidable mistakes.

Well I never taught of this, but honestly this is a sad truth, the real gainers are the long term hodlers, being successful in crypto requires patience, but so bad this works better for investors and not traders, in trading we are taught to take profit while in profit, there are scalp trades which requires more time staying in the market to pull out profits daily, so this secretly encourages taking profit that's why is said the long term holding works better for investors.

It is not right to assume that you will always make a profit. It is not uncommon for cryptocurrency to have profits as well as losses. Only those who are very experienced and have a very good idea about the market Only face less losses. So both profit and loss are applicable for cryptocurrency trading.

You should always consider the con's and no always minding about taking profits because this wont be always the case that you would really experience.Profitting is just a chance

and this is an opportunity that not everybody could experience because you should really need to be experienced and knowledgeable with this market or else you would really be having a hard time.

Take profit if you do have the chance and have some stop loss when the trend is opposing on what you do expecting. Rinse and repeat.

I already learn my lesson from my previous mistakes of keeping waiting till the highest be reached as now ? i only put at least 20-40% in my altcoin holdings and 30-50% in my bitcoins , once that amount achieved depend on the coins i am holding? i will take all my funds and will wait again for discounted price or at least will buy different coins (Aside from my bitcoin of course because 45% of my funds allocated in bitcoin alone)
with this attitude i now starts earning good funds added to my holding each time the market pumps and not like in the past that i will hold for 1year minimum and not exceeding my capital for that long,
at least now each 3-6 months i know that some amount will be added to my folio and all will be doubled in a matter of months or year.

I agreed with your opinion always profit not possible it is easy to say .

Taking profit in itself is an art!  Profit properly taking over a period of time could be very significant if you are day trader!  But for trader who is in for the medium to long term holding,  profit could become a nemesis, you may be stuck on trying to predict the ATH and prematurely sell when in actual fact,  the rise in value is just beginning!  I think the best approach is to set up appropriate valuation from get set go! And then stick by it or sell near it!

Taking profits is part of the game which most traders that are day or swing traders don't really pay attention. A bird at hand is better than those ones in the forex. I always establish the mindset of taking my profits after each trade volume to prevent sudden loses. Since the market is never certain and things might always go the odd way if one stay longer in the market because of up and down volatility, it's better to be taking profits and trading proceeds during market volatility.

I always take any form of profits I make either big or small, I don't mind making 1 to 2$ daily because I always believe is better than losing. I don't always mind waiting for time to make huge profits because coins are not stable are all dynamic they go up and also same time they can come down in term value. So it is better for me to always make the little I am  able to make in trading. Infact in term of investing I don't hold for too long period of time again because I am learn a lesson from squid coin. Just one day my coin just lose everything in value.

As a beginner in trading, such profits of 1-5$ gives us joy and hope to take the next step, also motivate us as beginners to have zeal and dedication towards trading. But losses in crypto trading always weaken the zeal and the activeness of the beginners, so profit taken is always good.

It's a good way to motivate you to trade more and be better. You have the idea what if you become better and you're having a larger fund to trade with.

That will make you possibly earn larger than the motivation where it all started. But whether it is small or large, you really have to take profits before a storm comes.

If they understand that it's normal in the market, that won't weaken them.

It is good hear but do note that you should not let small profits from a trades act like small doses of dopamine which make you addicted to it. Rather use it as a source of motivation for bigger profits.

Bad days will happen and in trading these are opportunities to introspect into possible mistakes and chances to rethink your strategy. While losses do have a mental trauma, you can stick to the positive side and learn from them.

For beginners paper trading should be the first thing to start with. You should not jump into the real market right away. Do it on paper, check how much profit you made of how effective your prediction was.

Unfortunately not many people can see the benefits whenever the price drops. I get that there are a lot of people who do not understand why the price drops and focus on that part most of the time but the reality is that we are talking about something that is profitable in the long term so why it happened doesn't really matter to be fair.

So, if you focus on why it dropped or how it could recover or will it continue to drop and many other things like that, then you are going to end up losing a lot of money. What you should focus on is how you could make a profit from this down trend and if you could buy some more and wait as long as you have to, then you are going to profit. This is emotionally not that easy, watching your money drop like crazy is a very hard thing for many people and that means we need to realize it is going to be very difficult to watch but it will worth it in the end.

Demo trades would be good but nothing beats out on getting real experience and knowledge on real or live trades even though they should start on very small amount which they could really take some practice.

Its true that mental trauma when in losses is really there which is really on point but once you do gain up sufficient knowledge and experience then you wouldnt really make yourself buldge on this one but instead

you are already prepared up something for this and taking profit is something differs on each individual because we do have personal goals and targets on our mind.

You nailed it! After you gain up knowledge, the chance of making positive positions is high,

at first you need to balance everything trading is not an easy venture, a lot of things that you needed to consider and
by practicing both from demos and live trades, you will be familiarize with how the market works and you will be able to
find the best suited strategy to use.

It takes time and more efforts to succeed from this venue of business, make a good use of every knowledge that you will learn along the way.

indeed the mental factor that distinguishes between demo trading and real trading. mentality greatly affects our trading results. even though they use the same technique, everyone's view of the market will be different, and the final result depends on their mentality to obey the predetermined analysis.

Demo trading may be good for the new traders but most importantly money management is more important. If you keep on taking early profits, it maybe that you do not follow the proper risk reward model and even a few losses can make your portfolio in overall loss
I suggest to deploy risk management to your trades so that you are not in overall loss.

For beginners, don't immediately aim for big profits, because beginners need to learn how to make a small profit first. So they can learn to appreciate
the profit generated when trading, keep in mind that trading is not an easy thing. So for beginners, there is no need to rush into chasing big profits.
There is a process that a beginner must go through to understand first how it feels to make a profit. Moreover, do not underestimate the small profits
that we make from trading, because small profits if accumulated will be large too.

If you are trading huge amounts, then of course you should always fix a profit, possibly a loss, but only according to the situation. And if the wallet is not that big, you can wait for the normal price tag to secure your profit.

In this case i said that if you need to every time receive a profit without any loss so i said that  you need to invest a most beautiful project and see there road map which token are launch in a big exchanges so you invest your money and hold there token and keep patient so that time which a token start rise there price so you use that procedure definitely you receive a profit.

There is always a season to lose in trading just as this particular moment that the price of bitcoin and altcoins are dropping. Now is a down trend so buying the long may not always give profit than short, that means if you buy the wrong trend, the loss will be recorded for you. Every trader must have a time of losing because this business is not always profit all the time. But maximizing the profit and reducing the losses grows your account.

It is completely foolish to expect from trading that there will always be profit. There are two aspects to every training, on the one hand if you expect profit and on the other hand you have to prepare for losses. Moreover, only extra knowledgeable people get profit from trading.

It's not foolish to expect profit in trading if you've been trading for long and you've been making a profit most of the time.

But this is where the newbies got misled. When they've just heard about trading and profiting, it makes them think that if they trade too, they'll make money easily.

As long as you have a passion to do crypto trading, so I think 1$-3$ is it doesn't matter, the important is you earn daily that amount of money by doing it. But to be honest, at this situation now, day trading is too risky to apply, unless you know the movement of the price in the coins you are trading it so far. But if not, your assets may be loss in the end and 1$-3$ is not that bad at all actually.

and they have not been educated about the losses that will overshadow them when trading without any knowledge.
Taking profit on every trade is a must. It depends on what trading strategy is used.

If beginners only buy and then sell when they are profitable, of course they will panic when the price continues to fall.

Initial knowledge about trading must be really mastered, don't just be tempted by the profits, the losses that will be experienced will also be there. The risk is the responsibility of each.

What must be realized that trading is not something that is easy to do it is full of risks,
especially if we do not have the knowledge and skills of course it is not recommended to immediately start trading,
better learn and understand related to trading

Well, that is not bad at all,  earning a net income of $1-2$ per session is not bad at all and if you can able to manage your profit continuously that is the best part of making a profit here. But I don't think if you can do that continuously, there is no guarantee that you can always have a winning per session. In trading, you need a large capital so that you can widely choose a good project that you want to pick and trade if you can do those, not only $1-2$ per session that you will get --this was mean that the high amount you risk the possible high of good return that you will take.

Beginners must learn how to get small profit and also must learn to bear small losses. Losses will be small if you invest small money and vice versa. Many new comers make this mistake of jumping in crypto straight away with huge capital after getting inspired by successful stories narrated by signaling groups. Crypto trading requires knowledge which in turn require your time and effort.

This should be a consideration for beginners so that they are not always tempted by profitable words from trading, I believe that even a professional is not possible to take profits every time because this is the time when he experiences the risk of loss, so beginners still have to master the basics of the trade.
I used to know how beginners are always tempted by the success of others without thinking about the risks and responsibilities, so it is important to underlie the techniques needed.

Many newbies are motivated to make big profits because they see the success of others. Even though people who are successful in generating large
profits are usually not obtained instantly, sometimes it takes a long process, after going through some losses first. So if we want to be a successful
trader, try to learn how other people achieve it. Usually there is a lot of effort to be done and there is also some sacrifice of time and money.
So it's not easy to be a successful trader with big profits, there are initial steps that must be taken first. Like trying to make a small profit first on
a regular basis, if we are already producing a small profit, we can try to slowly increase the profit target that we want to generate.

investment in potential projects and coins is highly recommended and you are right that if you want to make a profit then don't miss out on projects and coins that can clearly be profitable, namely buying and investing your capital to invest in good projects and potential coins.
waiting for the right moment and not being too hasty when the price we want has not been met or when it has been fulfilled so don't be greedy to sell it immediately.

What must be realized for beginners that the success story is certainly inseparable from failure,
so it's very important to learn and understand everything crypto related,
Don't forget that here the risk is big and it takes effort and hard work if you want to make a profit

When doing daily trading, I usually apply this method. Indeed, the profits are not too big but it can still support my family, moreover I get a profit at least once a week or even more. Small profits don't matter, the important thing is that you still make a profit, not a loss. With day trading I can be much more careful, thorough but still have freedom.You can also update the market more so it is not easy to fall behind on market trends.

I try take profit as soon possible although 5% from my fund and I think is better than become long term holder or investment called by some on group  ;D, right now I try with $7000 in my fund to trade and always consistent after success filled buy order I use limit sell order with price above 5% as my profit, I don't really care later price can pump more than 20% but I think keep consistent although with little profit is enough during we can take profit almost every day or few days without become long term holder.

If someone had a target price that they would want to sell at and the market reaches that price, I think greediness in this case would be them not selling their coins and still continue to hope for more increase, and not like you have said it.

Well, I am not trying to say that it is bad to keep holding and hoping for more increase. If you reach your price target and the market still seems like there would be more increase, then you can still to hold and wait to see if there would be further increase in the price. I have seen people who would decide to take a little profit from what they have gotten so far and leave the rest in their wallet in case there should be more of the increase in the price.

A great idea especially if you have good capital, consistently making 5% is possible because of the market volatility, but then you have to be smart enough with how to handle your short-term trading or your day trading in order to end up profitable. You can also evaluate your total profit on a yearly basis and make a comparison to the previous year to see your consistency rate.

Actually a self preference because not all does have that kind or level of patience when holding up for too long thats why whenever they do see some % gains on their investor or into their port then they do tend to sell
without any doubts and hesitance because profit is always a profit and that what matters the most which i could say that it would really be normal on having this kind of set up or trading ways
even myself i do have that kind of behavior on doing trades. Secure profits while you still can and try to buyback when theres some price correction
or dips which repeat on the same process and make yourself sustainable

I'm trying to master this, taking a little profit to develop my market intuition. professional traders surely learn this trick too so that they can become professionals and their profit percentage is greater than their loss. for beginners, don't be afraid to learn, let's together prevent losses in trading into valuable learning.

Yup, if that system that you use really works, the amount of profits is already good if you can execute it appropriately.

If you can have more winning trades, 5% is far better than anything, you don't need to be greedy
and hope for much bigger profits if you are unsure about the market.

Unless you have that deeper knowledge and you are willing to adjust and take the bigger risk, but I'm more on
taking the profit even it is only a small amount.

I believe many newbies in the topic want trading to be the same as a “regular-paying” job. It’s a mistake in my opinion, and that mistake will cause you to be inefficient with your capital, because it will make you sell early and miss plenty of profits.

$1-$3 profits ain't that bad if you're scalping, but if not, this is too small to be called profit, especially if you spend too much time on a certain technical analysis for a certain coin. Yes, I do agree that taking profit is important because that's what we need to keep on trading but we must not get easily faze by a fake out and take the $1-$3 profit. Setting a stop loss is also important, that would help us to minimize our losses as much as possible.

Other people they see are only showing off their gains, not their losses. We don't know how big the loss is compared to the gain.
Equipping yourself with basic trading knowledge is a must if you want to trade in crypto. If without any knowledge base, it is impossible to trade. Guessing won't always be lucky.

You are right for bitcoin market and for most of the altcoin markets, booking profits time to time might lead them achieving what they really want to. I agree that trading nowhere near to regular job but for the skilled traders it will pay more than a regular job. So, regularly booking profits may be a right approach even with bitcoin markets compared to long term holding when you  plan up buying back when bottom reached.

Similarly traders do hide about their big profits from trading for no reason and might give out only clues. So, both big achievements and big frustrations are not showing off which is the reason why we always have delusional belief on trading which sometimes leads traders to go greedy.