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Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

I think you are lack of plan or goal.
For able to identify your target to get able good profits, you should have planned at the beginning, and sticking with it is good.
For me, I already tried this, one of the best ways I am doing is I am not taking profits in 1 time, like I am doing partial taking profits, like selling a partial amount of what I bought from a long time ago. By doing this, you can probably lock some profits and you may still go along with possible profits.

If your strategy will not work and you have a loss streak continuously, I advise you to leave that strategy and start to find another one.
It's really hard to find a good strategy but you need to test it to the market first before using it in actuality. You already admitted that your strategy is poor, why are you still using it behind those performances that you experience. Another reason is you need to have a trading plan which is the focus in one goal because applying different strategy always put you in confusion.

When you see you have a substantial profit you can get out of that trade especially if it's an altcoin, most of the time they slide deep when the market shifts to bear.  Don't fall in love with an altcoin, you'll have a hard time dumping it. When you find it in your analysis that the price already is on its ATH, sell it. Its not going to turn into BTC when you hold while the price is plunging.

You need to have a plan, mate. Daily, weekly, monthly etc. Know when to say enough is enough, take profit and start a fresh with a new trade

If you don't have a plan, greed will mess you up, and by now I think you know how volatile the crypto market can be. Today your assets can be worth so much profits, while tomorrow it could be the opposite.

Do you mean you are selling your altcoin even you don't have a profit?

Actually, there's no sign when we will actually get pull-out profit in the project where we invested.  In the crypto sphere, all are unpredictable and no one knows what will happen next.  If you're contended of what profited right after you have to get selling, be happy. But if you have a targeted plan, much better because it's easy for you to follow your plan.

It needs to elaborate more so that we can able to understand your concern.  If you think which you are most compatible with, just do it.

If you trade without patience and sell when you see panic in markets, you will always average out. But if you have patience and won't sell even in the worst situations because you have faith in your tokens, then you will make big gains in it. Always invest in the form of 25-25-25-25, never put 100% of your decided portfolio in a coin immediately because you'll be stuck later. You must buy it in parts and take advantage of dips and see the outcome later.

For every single investment you make should have a well documented plan on how much profit you expect in return and be disciplined enough to pull out as soon as you hit your profit margin. It's really not easy but once you have full control over your greed appetite you can take a hold of this

The easiest way is to be satisfied with your gains. As long as it's positive, whether it's $1 or $1000 in trade, profit is still profit.

I see this with somewhat greedy people and want more to have what they think they deserve. This ends up becoming a nuisance to your mental health, and it could affect you in ways that you cannot imagine, like being more greedy and then ending up losing more and more towards the market. This is hard because we're humans. We are too much affected by our emotions, and we want more.

Just like what others said, set a goal. Whether it's a 10% gain on your trades or just 5%, as long as you made it, you should be happy. The best way to get out the right way is that you trail your wins. Like ±1% of your initial goal before closing. Like once it reached 10%, and then watched out if it adds or minuses 1%. When it adds, wait some more before closing, and if it goes down, close the position right away.

I can see it just now. People saying “I’ll take partial profits at ATH” and it’ll go to ATH and then they will say “I’ll take partial profits at $100K” and it’ll go to like $99K and head back down to like $50K and people will be like “I’ll take profits at old ATH $64 if it gets there” and most likely it never does and they end up selling at the bottom if there is a bear market.

Greed is a very powerful emotion, especially when we are getting 5% days and all over TV and everywhere people are calling for $250k to like $10,000,000 which that Saylor guy commented earlier today. And in the end they end up losing out due to greed. It can’t go up forever.

I think you're already doing good. Having that said that you've been doing averagely, I think it's just a matter of more experience that you need to have.

Just think of the profit is profit mentally and you're going to do good and won't feel regret that you've sold early or late.

Well, as long as it isn't a loss I'd reckon what you're doing is pretty good already? Honestly that's the top goal of what to consider whenever I used to trade back then, to profit, whether small or high, as long as it's profit then all is fine imo. Having a "fairly okay" strategyt is honestly a lot better than having a no good strategy. Just keep it up imo, maybe spread your portfolio a bit more, but that's it. Honestly, it's a lot better to actually profit, even if a bit, rather than miss out the chance off making one due to trying to maximize the profit gain. Never try to achieve the best possible profit, but rather the best of what you can.

Just do partially, enter the market not immediately all in as well as when you will go out, sell some while staying in a profit position, but in my opinion if your trades have been going well with profits, it's okay, don't be too greedy to always think about getting more because might be you will be stuck especially when you trade in altcoin pairs whose the movements very quickly, and also big holders play a very important role in that market.

Your exit point should be like your entry point too. You had a thing you look at before you enter your trade. Like you watched your candle stick formation that you felt it was time. For closing also the candle can be a guide to your exit. Apart from that you can also exit by knowing support and resistance levels . It will do you good to set your stops or exit close to those points depending if you are buying or selling. If you use your support and resistance to calculate your trade you should follow that in your exit. If you are a daily trader, know it that you will have to be sure to exit your trade daily, don't allow roll overs because every new day present it own trade, supports and resistance for yesterday are not same for today. Good luck as you adopt the changes to your trade.

averaging with altcoins is not an ideal long-term plan because altcoins are based on the idea of ​​adding features that do not exist in bitcoin or imitating them faster and with less fees.
altcoin are a good investment before they are discovered and then turn into models that achieve accounting losses more than profits.
Here are some basic tips:

• Do not invest in altcoins for the long term.
• Do not invest in altcoins with low liquidity.
• Do not invest in altcoins based on trading volumes or market capacity.
• Do not invest in altcoins with crazy highs or recent ATH.

averaging works great in bitcoin.

You have the same problem as most novice traders, when they see that an asset is increasing in price, they do not fix the profit received, waiting for further growth. And as it turns out later, an unexpected dump of the market leads to the depreciation of the asset. Therefore, take what the market offers you in a timely manner.

Truth of the matter is that I don't apply different strategy, I might have done that in the past but not anymore. So these days I only stick to one which I still considered poor.

Yes and that's basically the reason why I sought for advice on here.

That means you can not secure your profit can not finish your trade at the appropriate time. To be honest this is not a problem that is faced by only you. We all here are facing this. The main way of secure profit is believe yourself. If you always hesitate to take any decision you can not finish everything with good result. And don't be greedy to much.

Another thing is nobody can not finish the game with 100% accuracy. So always take it  very easy and trust/depend/believe yourself and your decision.

I'm not an expert but for me the good way to pick a good project where you can obtain good return, is those projects that always mentioned in some news around the internet and what's hot projects every month because for sure they're all have potential..
And also when it comes exit strategy, it's simple go and check other traders strategies in youtube because on that way you can easily follow the steps and what are the important things to know about the strategy.. To make it short all the information can be found in the internet just invest time for it if you're really interested to know more stuff about trading..  ;)

OP, just HODL Bitcoin, and you wouldn’t have to worry “when to exit at the appropriate time”. Because at the “right time”, no HODLer would need to sell their coins. Bitcoin will be accepted EVERYWHERE. It’s starting in El Salvador, and it’s not going to end there. 8)

If you start trading without a trading plan, then you will really find it hard when is the best time to exit. You might always be in profits but if you are not able to sell them when the price is perfectly high, then i can say that you are not making real profits actually. Start setting your own target selling price so you won't have to deal with your greed. And when you see the price is already at its peak, sell a portion of your coins so you can generate profits too and maybe buy back some other cheap but potential coins.

However, if you think your strategy is already making a poor performance, then replace it with a new one. Develop a new strategy that will definitely work on you.

For profit taking scenario or situation then this would really vary on someones personal decision or choice because we do have different goal or target in our mind which means that every green that you

do able to obtain is considered profit and there's no such thing about being perfect trader on where you do really come out on point or on the exact time because its impossible for someone to know

that right timing or right spot due to unpredictability of the market and the advice i could give you is that whenever you do see greens on your portfolio then consider that you are doing good.

Some people won't cash out even if they are on positive profit because they are hoping they will get more if they will wait. But most of the time, the price will slowly drop especially if the project is not that strong leaving the holder in negative position. Now, he will regret that he didn't sell his stash while still in positive side. So yes, so long you are above your buying price and even if it is not big profit, better sell off if you start to feel that the project is going nowhere.

I think that you might just be caught up in what we call greed, as any other humane you get in and as soon as you see that you are making money you get way too invested and lose, and an easy way to combat this or rather a strategy is to set up some certain goal, realistic ones that you exit at, and keep in mind that it is always good to make small profits rather than greed and take a massive hit.

Honestly, most of the time trading won't please us nor we can be sure about profit gains in all our trades. It is because sometimes our strategies won't work effectively or are not totally effective and the other factor is that we have been too emotional in making decisions that could affect our trades. It never had to find a perfect time for trading but I do this when the market seems too active and with the use of reputable exchanges could really give some help.
One thing I could suggest to you is that you have to be patient as you are still learning how to trade. Sooner or later you will found strategies that make you happy and reach your goal either.

you need to know in terms of trading using long term methods, you don't hone your skills in analysis and you are just in the safe zone, generally looks fine but to get bigger profits you should also use short term methods like trading BNB which where every time the price movement on the exchange is very interesting to follow.
the combination of short-term and long-term methods depends on the crypto asset you are trading.

Be thankful on what you had attained because not all would really be ending up on having profits even though you do wait up for a very long time and just be thankful at least even though profits isnt really that high.

Perfect cash out is something that you wouldnt able to know because we dont know on how this market moves or something that the projects been doing over the years.

Just stick into your own method or decisions even though it isnt really that big but at least you are in gains.You would find out for yourself on how things should be done.

The need to learn technical analysis and fundamentals will certainly be very useful when you have to enter and you have to leave.
If you can't do the analysis, then you will have a hard time where to start and end.
During the several years you trade, of course, you learn how to trade well.

All decisions also depend on your psychology, if you want to get big profits, you must have a target that you really achieve, and that can be done by trading long term and determining what altcoins are good.
don't just log in when FOMO happens, it will only cost you.

And definitely, our trades don't have a favorable result but often more on losses. And this can be seen when we have to do trading in real life and also to appreciate the usefulness of TA that most new traders don't have.

We sometimes use our common instinct as well as the market needs to have such deep understanding otherwise we fall into a wrong decision. And base on my experience, it is very important to be patient all the time. Many had suffer losses as they have been influenced by their emotions and this is what we have to combat first before anything else.

Since you have been trading for several years, I am sure that you have many lessons from what's wrong with your trading strategy.
What is the target of your investment?
I personally will set a target to sell the coins at a certain rate. And this will be based on the need of the investment goal itself.
Sometimes, we are too greedy to sell the coins because always expecting to pump more and more, in fact, that is vice versa and go downs.

You don't have to pull out if you only invest to bitcoin and few other top altcoins. You only need to wait until you're profit is decent already.

Pulling out is what you're thinking about and you need faster reaction for doing it.

Don't think you much problem here only if you want to be too greedy by way of you wanting to make hundred percent profit from all your investment. If you invested let say $50 in Altcoin and its value appreciate from that point to $65 I don't think is a bad investment that you will not take your profit. But in a situation where by you want to make $200 from your $50 you make have to wait for a long time or lose your investment for anything can happen in crypto currency market.

Of course I hodl Bitcoin but I had to go into investing on these altcoin as I couldn't afford to purchase 1Btc at a time. So what I literally do is take profit on these altcoins and buy more Bitcoin regardless of whatever price its sitting.

I would say that if you are doing fine with the long term you should stay with it. I mean long term with good coins would make you super wealthy in 20-30 years and that is what investment is all about, you need to either start with a rich family and get super richer compared to where you started, or you should be starting with nothing and within 20-30 years you should end up with something great.

Jeff Bazos started a business and not some investment situation, even with a super wealthy family and super high network with bunch of super wealthy people, it took him 90's to 2010's in order to become the way rich he is right now. This is why you should not be looking to make money right away in a few years, long term is long term, wait for a few decades.

You seem to have an eye for the projects with the most potential and if am right try to set targets for profit taking such as X5 x10 X20 etc and once price gets here you find another project that you will allow to grow to this much.while you have taken atleast 70% of profit from each project and let the others hold.


The problem the crypto ecosystem is vast and the only way to minimize on your loses is by diversify your pordolio

From what I see is that you want more profit instead of having an average profit in every trade you do. I guess you should have to learn how to be contented. Having such a profit is believably a bit of luck for you knowing that trading is risky and most of the traders had lost. Thinking about more profit is the only that could ruin your day and your strategies. Don't think it was lack, you already have it.

And besides, you can never have perfect trading, perfect timing, but it was the strategies that get involved in this and it's you who makes a good play. If you change these things, I'm not sure if you were still able to retain the momentum you have, probably not.

That is the way for other people to make a big profit from the altcoin to have a chance to purchase 1 BTC in the future. Getting much profit in altcoin will allow you to have much money. Perhaps, my only suggestion is to get out when the price reaches the highest price so, at that time, you will make a big profit and do not back to that coin because the price has a chance to drops. You need to have a target price to sell and place the order sell before reaching your target price.

This on the other hand is a great motivation to help me change my way of thinking towards getting rich.  :o

And I must confess that I truly appreciate each and everyone contributions to this topic. I honestly never had any doubt since my day of joining this forum. You guys rock ✌️

Ahhh, thats very good question. I have this huge burden whenever my crypto portfolio is in bullish trend and I also start loosing my mind many times whether to keep, sell it or wait for the price to hike even more. The thing is I have started to be very strategic and firm about my trading ways. For ex, you must set out a goal. How much profit you should book? Does your BEP has reached for all the portfolio or just few coins? Once you think that or see the values in your favour you start selling those coins which are above BEP and also made you good fortune.
But at this point you should not be thinking about the another price hike. Moreover, even if it does hike, that should not be your problem anymore since you achieved your goal already.

It's gonna be hard, but you will understand eventually that its better to sell on time rather after crushed market!

Might not be as easy as you may think that it is. For you to be able to make better profit from the market requires a lot of proper planning and having a good level of patience, because if you don’t have the level of patience that’s required, you might keep selling all the time and missing out on the main bigger profits.

I will advise you to learn to have patience and wait for the market to increase before you can start selling your coins. Yes it wouldn’t be to sell whenever you want it, but try to keep some part of that money for a long term if it’s possible for you and see what you can achieve with it.

Of course trading without patience will be very impossible to come up with profits. The market will always have unpredicted conditions and when you think its time for you to sell your coins, then the market suddenly dump. If you don't have patience, you will eventually commit frequent losses.

However, the best solution i think to address your problem is have your own trading plan before you go into trading. Set a price target when to sell, and even if it has reached already and you see the price keeps increasing, just stick to your plan. Your greed will sometimes bring you into losses when you think of not selling because you still aim for higher profits, and then the market price suddenly dump. Eventually, you end up losing than taking profits instead.

I think the first question that comes to my mind is what is your current strategy to take profits from the coins in which you have invested?

Something tells me that you do not have a clear strategy about what to do under those circumstances, however do not despair, at least it seems that you can select good projects with certain regularity otherwise you will not ask that question so you are already doing well, one exit strategy is to set yourself a goal and then sell no matter what, but you run the risk of missing a huge bull run, another strategy is to sell after the price drops a specific percentage after an ATH so you keep most of the profits you got during that movement.

Actual experience on which he would able to realized things and this is the time he would really make out some learnings and been aware on how this market works and we know that taking profits do certainly vary on how well we do make out investment decisions here on this market and this isnt something simple that you could deal off with.Just learn up the basics and terminologies
and other definitions and the rest would be eventually learn as you do progress by.You can read up some advises but honestly you could learn up for yourself without the need
of those words and making yourself self learn on things around.

Ideally, if you fail to plan, you're definitely planning to fail. It doesn't just apply to crypto trading, any other trading but also to other areas of life. OP's major problem is that he doesn't quite know when to call it quits and it's because he didn't have a trading plan before opening those positions. If he did, he would have had a entry and exit strategies already made for every position.

During trading no one knows "when is the right time" to sell or buy. You just predict what is going to happen next. To do this, you need to keep yourself updated with the market. You need to know what's going on and what is going to happen next with the project. You need to read the charts and the indicators (moving average, relative strength index, Fibonacci retracement and so on). You those information to know what to do next. But don't forget, crypto market is very unpredictable and you shouldn't be surprised when you see the exact opposite of what you think might have happened.

If you seen your asset didn't prosper well despite of long years of waiting long terms, don't risk your life over it. Diversion unto something much profitable is the best options to do by now. Just like my experiences, I've been through tough times of failures on shit projects and even cryptocurrency assets. So in order to cope up up with frustrations, we can divert on other certain choices just to sustain our profit gains.

Do most of you have a percentage goal such as okay it hits x amount, then cash out?

In trading, I really like one thing that is the way someone is going to learn something and ask something if he didn't have idea about the thing, You should at least follow new strategy for the trading you had applied early for which you have to learn and make new trading strategies for yourself which only suits your trading and can give you a profit.

Firstly,  altcoin trading and investing is a bit more risky,  you could buy a useless coin that could have been promising at beginning but you will realize along the way that it was a planned rug. If you are not investing in bitcoin,  you may have nothing to show for your trading activities.  If you are going to invest in altcoin,  choose the established altcoin.  Secondly,  you must have a  detailed plan on your investment,  from entry price to expected return you aiming for.  You should also be able to trust yourself to follow the plan to letter. 

You supposed to have a goal target here in crypto trading dude, then second you must also know in which are you belong is it Day trader
or long term trader something like that. Aside from this matter, you must know how to choose the right altcoins to invest in here to this kind of
business industry too. Just always have a self-discipline and be patience at all time especially when times of bullish or bearish.

Any strategy that does not tell you which markets to trade, when to trade them, when to buy and sell and how much money to put in every single position that you take is incomplete.

Most of the time when we see a person losing money this is because whatever strategy that they are using is not complete and they had to improvise in a critical moment, and believe me that is the moment when you do not want to try to figure out what the market is going to do, that is the moment when your strategy should tell you exactly what you should do and if this is not the case then it is time to go back to drawing board.

Losing is the consequences we get from our doings, strategy, and also it comes from decision making. We can't picture out what will be happening next and even having TA is not enough to avoid losses. That is why we should have to be prepared for anything either we lose or not, it is a part of the game and this is also the reason why we have to enhance our skills and why not stop searching and gathering more trading ideas. However, all of these things guaranteed nothing as there is a time that we lose unintentionally due to the volatility of the market.

This is very common with new traders. It's often a result of hoping too much from a particular coin. When the expected doesn't happen, or maybe goes sideways, you may waste time before finally making off late. It can also be lack of target. You have to set price targets for each coin you purchase.

You mentioned long term investment and altcoin. In my opinion, if you are doing long term investments, it should be with the popular coins. It has little risks with better potentials to earn you more, since you'll be holding for long.

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

You need strategy for taking profit. You have to be clear about your expectations and measure your expectations against the potential and the ability of the coin you are invested in.  Having noted all of this factors, you can then set a plan of action on each milestones, you must know what you will do when there is a profit or when there is a loss!

I have a friend like this. He knows how much he will invest at what price, he knows what he will do when it drops to a certain price, he knows what to do when it goes up to a certain price. Dude managed to actually make a profit AND still have coins at the same time. This happens when the thing you invest into doubles in profit for example. So you invested 100 dollars to something, and it reached 200 dollars? You take the 100 dollars out, and then the other 100 dollars worth can stay like that forever.

This is just one method, there are so many people who do so many different ways. This is why I believe that there is a good case to be made about crypto and how to plan for your future. I started to learn some stuff from him, not coin related because I like to pick my own coins, but I learned more stuff about how to think for the future and it really helped me a lot.

I actually don't know what is your strategy in the first place but I think it was still good to hear that you were earning. But you wanted more and that seems the biggest challenge for you now. But what I could suggest for you is to just improve your strategies, you don't need to look for perfect timing as it was really hard to find. By enhancing your knowledge and becoming more versatile with the market changes, the more it is likely to get the closest one.
You already have in a good position, only you need is to step forward and try another strategy to assess if that works for you.

You should first start with what works for you. Are you a long term trader or a short term trader? Whichever one you are, you should try to make use of the right strategy and also try to sell when you believe you’ve made enough profit than having to wait, maybe out of greed, and then you end up losing some of the profits you have made.

I don’t think this is something that anyone can actually start to explain to you on a comment section, maybe it’s best that you start watching some helpful YouTube videos that will help you know the right choices to make and when to make those choices. Making the right choice at the right time is really going to help you.

I think what OP needs most of all is how to put your greed in check. From what you've stated, you seem to be doing quite okay and getting a hand at your trades or investment but then, you seem to base your mind on what happens, the profit that counts ahead after you live the market.

Let me ask you this,
Do you do the same as per, check the loses against your pull out in the market too?

Because, all that shouldn't be your business no more. No matter how little the profit is, its still profit and that's what matters. You just have to be satisfied with the result and should you want better, you should ensure its lot you trying to be greedy. Mt thoughts anyway!

There are many methods, and you will learn it from time to time,
it's experienced that will guide you in properly assess which strategy is best fit to your personalities,

trading is not a game but a good place where you can change your financial status.

Many successful traders start with nothing but because they are very keen on learning the deeper side of the business.
they managed to succeed and they exceeding to the point that whatever the direction the market is moving they are still compensating.

You wouldnt really get experience if you wont tend to engage on it personally thats why you should really need to be that consistent and of course you should persevere and have that patience.
Trading isnt something a simple thing that you could deal with and this is really an unpredictable market which you could deal with.Losing is inevitable thats why you do need to resist
and sustain no matter what.You should think of those losses are learning curves or stepping stones to success.Everything cant really be handled out easily.

We are all out looking for money via trading and for you to be successful you will really need to have a good plan on how much you should be making either on a daily, weekly or monthly basis and work base on the plan you will be successful in your trading. And for your to successful you will need to be discipline and not trade with greedy mind.

Discipline is key when it comes to trading crypto. You have to be able to keep to your rules and plans without deviating when the situation changes. My suggestion would be to set realistic targets that wouldn't be too hard to achieve and then scale it from there till you get  comfortable chasing over higher targets.

I agree that we need a discipline in order to achieve our target while setting aside our emotions when trading. You will encounter lots of uncertain feelings about of your trades and it's frustrating if you keep feeling like that—that's why you need a discipline to control your emotion and proceed with the plan.

Moreover, in the long run you will get to learn different strategies that you will be using when trading as long as you maintain your self-control. Don't be afraid to lose it's just part of the everyday life of a trader, what matters most is how much is your winning/profit compared to your losses.

Exactly as a small trader or investor we can't buy One Bitcoin, and for this reason we can't take profit from Bitcoin holding. For this reason altcoin is best for buying and from altcoin profit we can buy Some amount Bitcoin satoshi for long time holding.               

But we can hope that someday, we can earn more than one bitcoin from the altcoin because I am sure that will happen to us if we have so many potential altcoins ready to sell at a high price. We should pick the potential altcoins to make a big profit, and we already know what the altcoin name is. So in the next altcoin season, we can expect to get a big profit from that altcoins.

it depends on the alts you are holding here as many of them are not really worth holding. but if you will stick to top alts like eth, bnb, you have high chance to get your profits because they have solid foundation as compared to most. also, look for other top 10 alts with very good use case in the market as they will also be worth holding.
but don't forget to hold btc first and foremost. because it has proven by time, that this is worth holding. even if the value today is going down, the likelihood of going up in the coming days is very high.

I agree with most of you here; there is a flaw in your strategy. You should try to change and keep a track of your strategies, so in future if it fails you could check what went wrong.

You need to learn market strategies before investing strategies cannot be found without proper knowledge of the market altcoin is a good investment with bitcoin to make a profit as the price of bitcoin rises so does the price of altcoin. There are many investors who are making a profit on altcoin and investing in bitcoin so their currency is doubling this is a good opportunity to buy profits can be made from both sides.

I find it vague on your stand here about market and investment strategies, I think market was specific and investment was the more like the broader concept.

Newbie should learn about this regardless, they can make profit even just by investing on Bitcoin. Many are worried about the dollar value and not with how much sats or Bitcoin they can afford. This day you got 1 BTC for your BTC balance but mostly if your portfolio are on alts and the other day it goes down and the tendency was it go down fast compare to BTC, that balance would decrease too, let's see it will become 0.95 or something.

Risk shouldn't be what you are afraid to take,it should be a part and parcel of you.Know that risk takers are millionaires and billionaires,they stand ontop.As it is often said,it is very risky to take a risk.
Don't be scared to loose money,have a strategy that will work for you,do lots of research,read books on trading, and have a positive mindset about it.

The truth is that the key to withdrawing from a project that is in full swing is many times to be lucky, also to monitor the project and evaluate the options you have with the events that are currently being experienced and see how far you can go, well, in actually predict how far you can go.

I have been in few such projects, and they have really gone under the roof by their own creators and developers when they refuse to allow their projects to enter Tier 1A exchanges. This is one of the options to evaluate, another is if the creators of the project refuse to different businesses and expand the project, those are the things that I have learned so far.

Not that you are wrong but no one can actually predict the right time to exit the market for any altcoin.

I was among the few people who held dogecoin for a very long time, for technically no reason but love for the coins. Then some time ago, before the Elon Musk saga started, I sold my doges because I needed some cash and I never felt selling doges for cheapwas a bad decision because in a perfect world, there is no reason why doge coin among all other great ones will pump.

So, no matter what you think, anything can happen and I've now started to save some coins of every type, you never know which ones will pump even after you have lost faith in them.

Everything you said along with being realistic in your approach and strategies. If you end up cashing too early it should not bother you too much as long as you profit from that trade. If you lose money and the coin pumped, then yes review your strategy because you panicked earlier than you should have most likely.

I have seen so many people recommending reading books but I am yet to find a book that actually helps understand the crypto currency trading in depth. Most of the books will either focus on the general market or some that are focused on crypto will tell you more what bitcoin is than it's trading.

You seem to know what you want, but are not so clear on the actions you need to take to get you there.

One of the things is that you learn by practice is having a clear defined goal i.e. if a coin reaches X time then I'll take profits at 10-20% range. From there you range it and adapt per project.

Nobody has perfect timing (at least not all the time) but the more you're involved in the market the more you'll get a feel for it.
Learn to no be greedy either. Set yourself a target and when that's reached you pull the plug. From there is all about refinement!

Just to add up that if he did really make out those things then it shouldnt really be in a hurry because things would get messy if you do have this kind of behavior on which

you do rush up on making yourself on learning on everything which is impossible thats why you should take it slowly and surely until you do have some good grasp in the market although it wont be always as precise but you could at least have the idea on whats going on.

Take to familiarize everything because this isnt something you could get in one go.

To become successful traders is not easy, apart from the knowledge we must have. We also have to have experience, and experience is obtained
from the many trades we do. So we can't rush into trading, it takes patience in trading, no success is obtained in one go. Sometimes we have
to experience several losses first, to finally be able to correct the mistakes we made when trading. We have to get used to having the patience
to understand how the crypto world works, indeed to succeed it takes a long process.

That is true and I want to acknowledge it. I was just pointing out to OP that in trading, if you've a plan and follow it to the latter, the results are not that bad. That's why I said something about keeping realistic targets before scaling up. No one knows the top or bottom that's why we need to use all tools available at our disposal (TA and FA) as they would help boost our chances of getting our entries at  better levels.

You should try an alternative income. A HYIP, maybe? Why invest in hyip?
It's simple: there is a high probability of profit. Whoever tells you what, the main thing in investing is the ratio of risk and return . With proper selection, this ratio is very attractive. And it doesn't matter the type of projects (with high non-trading risk or low), as I said, you can make money in both cases. You can find most comprehensive strategy on investing in HYIP in cashkopilka.ru

The only way is to begin to test some strategies and see if on paper those strategies perform better than what you are currently doing, however something tells me that if you were to try to put into words what you are doing right now when you decide to exit the market you will not be able to do it, which means that you need to set a more robust strategy that does not depend entirely on your judgment of the situation at the time, and that it simply tells you what to do and you execute your strategy when it is time to get out of your position.

Paper trading must be an effective way but not popular among traders for no reasons; most probably people want to learn and test only on live market as paper trading is missing out the thrills of real trading. But, imagining that we have open position on live market but having entry in paper might serve the purpose but not sure why most people never get into such thing and then sharing how it has gone; anything positive or negative feedback will be helpful for other people so that we may keep suggesting it or may stop.

For developing strategies, these days no one need to go harder as lots of developed and tested strategies are available everywhere hence just adopting and then testing for the particular coin pair will be more than enough for any beginner.

In summary, it was just about changing our behavior and adopting the system. To know that we can't be perfect and really never it happens but at least we do something to deal with the market volatility which results well. As we started we a goal, it supposed to end like following it but too unfortunate and sometimes we admit that it is really hard to stick to it. If this could be changed and if we keep our mindset being positive, not in doubt that we can reach our goal.

If you cannot buy 1 bitcoin, then this does not mean that you need to refuse to invest in this coin. You can regularly buy a small part of bitcoin every time you have free money. And perhaps when the price of bitcoin reaches its high at a certain time, you will become the owner of a whole bitcoin.

This "appropriate time" thing is the problem of everyone in crypto trading (even in FX trading too). No one has the appropriate handle to it because there's no holy grail in trading so to say.

I understand this situation well. You feel bad that whenever you sell off, price continues in your direction right? What causes this is the fear and greed factor. Once you're able to conquer your fear, you will be able to take care of your greed. The simple way to do this will be to determine your exit point and once that is done, don't exit completely when price gets to that level. Do it in bits by taking them in percentages. You can do 30–50% for a first TP and then allow the rest to run. At least the first TP would've covered your capital and put enough cash in your pocket. Learn to not regret your actions once you're out of the market because no one knows perfect timing for exits. If traders do, there won't be any poor trader.

To me the explanation is simple, people do not like this because it is hard work, taking the time to paper trade an asset and using data of years to see if the strategy is profitable and then do this with many more assets to see if it was not a fluke requires concentration and dedication that most people do not want to employ, it is sad but if most people did this then we will not see all the stories of newbies losing all their money within months of beginning their trading journey.

I believe that most newbies are misguided by huge bitcoin prices and then falling into shitcoins. Yeah, they never realize that they can buy bitcoin even for $50 or lesser than to and they never need to buy one full bitcoins. This could be a psychological approach like you may feel better if you own some 10k dogecoins rather than seeing 0.002BTC in your wallet.

This is the reason new investor must need proper guidelines before start investing with cryptocurrencies. There are a lot of possibilities for them to get miss guided by scammy devs.

Well, many are now capitalizing on the business of NFT games and their launches, the business is risky, it consists of staying in the whitelist of the project and buying to later sell in the public sale, this has been one of the ways that many people even with 10USD have been able to make 100USD and from 100USD they have risen to 300, then 500 and so on until reaching 1BNB, all this under the BSC network.

This is obviously one way, there is the other more traditional one in investing in altcoins and waiting for the movement of BTC to be positive so that profits of x2, x3x4 are produced ... but for now my advice is to risk a little more and enter the NFT.

You probably don't hear the saying that "buy the rumors, sell the news", this strategy is very effective especially during the bull run. Of course, when here's a bad rumor, people tend to panic and that will make the price to go down, and because the market is bullish, they didn't realize that it will bounce back in just a short period of time.

For long term investment, I suggest you do accumulate during the bear market, lots of cheap altcoins you can buy at a very discounted price, not gonna tell a certain coin but here's some tip, by a coin that is listed in good exchanges as good exchanges would normally list coins that has a good future potential.

If an investor or a trader could have made a good research first in the beginning, then there will be less chances that they will be misguided in the future. Let's say if they know bitcoin better and know how to acquire them even with just a portion of it, then they should have not resorted into shitcoins that is mostly more on pump and dump scheme. Or maybe invest in those coins that are on top of the market list, i think they will be more profitable in the future than just stick around and settle for those who are only profitable at the present but maybe dumping by the next day.

Surely the beginners in this crypto space must need proper guidelines so that they will not fall into such kind of psychologically attracting shitcoins. Like people has already mentioned if we have no shitcoins existing in this crypto space then bitcoin might be valuing at least 5x or 10x more than its current price level. It means beginners in this crypto space are definitely misguided toward shitcoins.

May be profitable but definitely cannot beat what bitcoin investments could return in long run. In my opinion going by top ranks of marketcap is a lazy method which may not be working all the times.

When trying to commit a trade always make a plan, not all people makes usees a plan just make a trade it's all about okay to them. Trading requires deep understanding, knowledge, and skills. Not just having a buying low and selling high strategy. People quit trading because they experience already a loss and they don't want to happen it again so they are afraid to trade. Mistakes are part of the trade so learn with it.


This is the reason why we need to choose a coin wisely. Not all the coin will gives a good profit some of them makes unexpected rug pulls.

People mainly fails whenever they didn't have some future plans and they don't know what to do next, but I would always suggest to every trader that how much he is investing in a coin, the main thing is how often he is buying that coins and at which time he is going out of that coin, it matters a lot as I had prefer for every trader.

Maybe what you need is just to learn a better strategy than the one you’re making use of currently.  for you to be able to trade perfectly you have to learn how the market works and be able to analyze it and predict what is possibly can be the outcome of the market at a particular time.

It’s not magic, it requires a lot of work to do that. So if you think that the strategy you have been using is not working for you and you’re not making enough from the market, then you should consider choosing a better strategy that would work. All you need to do is to acquire more knowledge, the more knowledge you have the more you'll be able to do better in trading.

If it is only about "when to get out" then trailing stop is already a good way to handle things. Do not put a stop loss at a certain level and get out there, it would mean you would get out at way lower. So assuming you want to use stop loss, you bought at 35k and put a stop loss at 30k, then when it is 60k+ you would still get out at 30k and that won't work.

In a trailing stop you would have 5k difference at all times (numbers could change, even could become percentage) so you buy at 35k, put a stop loss at 30k, but it becomes 40k then you change your stop loss to 35k, then it becomes 50k and you put it at 45k and so forth. That way you could make a lot more money, not a guaranteed way but if you are looking just only at when to get out and how to know when to get out, this is actually quite a good method. I have done it for a while now and I will probably keep using it.

A better strategy help us to make good profit and as well as a good advice. Firstly I find a project and then review on their white paper, team and their partnership. And then invest a small amount in this project. If their team continuously focus on project then I invest a small amount again in it.

Well I think maybe you get greedy, you should set goals and plan for yourself, set a particular range of price for yourself so whenever your investment get there you just pull out. So don't get greedy. And again make sure you have a better strategy when trading.

That’s just how the market is, especially when it comes to the altcoins. He’s doing averagely OK, then he should be happy about that, because some people, for them it is totally worse. So anyone who is doing quite OK in the market should appreciate that.

Moreover which coins in the market have you seen have made any major move as of recent, though the top coins like SHIB, Bitcoin, and Ethereum do make some little moves, but apart from them which other coins are making big moves in the market ? You would only see just a few of them, and they make that move when it’s least expected. Unless you’re going to become a trader who is trading on a daily and making some little profit before the day is over?

You previously conceded that your procedure is poor, for what reason are you actually utilizing it behind those exhibitions that you experience. Another explanation is you want to have an exchanging plan which is the concentration in one objective on the grounds that applying different procedure generally put you in disarray.

Maybe you should learn technical analysis, I believe it’s going to be helpful in your trading and investment. Although there is really no guarantee that what you predicted is how the market is going to be, but it is going to help you to improve your trading.

And another thing is you should be investing in the right projects, and you should also have a target which would be leading you on your investment. If you do not have a target of what you really want to achieve, then you wouldn’t know when to pull out from the market because you are not sure of what you are doing. So, make sure you have plans.

The simple yet tough thing we need to know is when to get out of the trade whether we are on profit or loss of Bitcoin. It is important to set a stop loss level which can help in cutting your losses, this is one of the traits that all investors must have. This is also the same case for profits. Don’t be greedy, set a level for profits too so that things will stay right. You're already getting there
If we're to put things like this in consideration. It helps alot6

Most of trader setup their goal for existing from market but it's did not work all because market condition is not same everytime sometime market crash and entered into bearish condition for years and your money will be stuck in market for long time.
Stoplosses is working only in short term Trading. If you have goal of long-term then it's not good option to use but instead of Stoploss you can buy more when you find good dip.

The thing about TA is that you may not be 100% right at all times but you are going to be at least doing a bit fine and that's the important part. I am not saying that it will be a loss, nor a profit because it's unknown but I know for a fact that if you do TA then you are doing a bit better than most people and that's all that matters. What are the chances of you just throwing darts at the market and end up with a profit? Quite low right?

It means that you should be doing fine when we are talking about TA, at least you have something to look at there and you could just disregard all the bad looking ones and hope that the good ones actually will do good.

Being in profit is also tempting for them because they want to grow it as much as they can and that's the mistake that they do. They're not cashing it out and making that profit secured on their wallets. Because they want to see more of it and get their hands more with the profit.
The mistake comes that the market eventually goes down and they no longer get to hold that profit that should be for them.

Greed is a human instinct and we really cannot control it completely.

The best way is to always have a plan and goal for every investment, because without a goal we will be very easily influenced by emotions in investing and lead to wrong decisions that cause losses. Always discipline yourself to stick to the set plan, don't let greed kill you.

I believe that there are people that are not greedy because they are already contented on what they have or what they will be getting and they know that being greedy on everything is bad and it can lead you to dangers. Indeed that planning/goal is everything. I remember that when I ask pro people on bodybuilding, the first thing that they ask me is what if your goal. Almost all of them will ask me the same question.

From there we can tell how important it is to set a plan/goals. Those who don't have plans or goals, can sell at a random times but I think not all of them can incur a loss, it's just they can't be able to earn big as on what the investors that have a plan/goals are are earning.

Every investment has its goals, I think the ideology here is very simple. It goes thus... Set a target for yourself, once it hits, lock in your profit and look elsewhere to generate more profits. The problem most investors has is greediness, try to take that out and you'll do just fine.

Emotion handling specially on that greed part is something that very common but its actually hard to be controlled once you do tend to get a hold of it but its not impossible.
Its true that setting out goals would be the key but not anticipate that much that it would really result into because everything could happen and this market
has been unpredictable since in the first place.Dont make yourself get fooled with any shills or hypes and always rely with your own analysis and stuffs.

Obviously greed is natural, which will continue to exist in us but you are right that excessive greed by not being able to suppress it will lead to something that can make what is the goal is not achieved properly. the same as dealing with emotions seems easy and sometimes when something urgent happens then emotions sometimes can't be prevented, so that it will lead to something unwanted can happen. Of course, it is very important to manage emotions so that they can be suppressed so that they become more controllable.

Of course it takes experience to be able to suppress emotions or manage emotions well so as not to harm when trading. It will not be easy to do, but this requires self-awareness. trading skills or knowledge also need to be developed so as not to panic too much and understand what to do. Greed is based on ignorance or boundaries that should not be violated. If the management is done well, then everything will go well.

You can either use take profit or buy limit to help you take some profits when you are either out of your screen.  Most times people have very wonderful analysis tool kit but due to greed and emotions the lose out on huge profits and end up with a loss trade even after seeing a large profit the refused to take. Take profit with reasonable position can help with this

No idea where you fished this topic out, but if anyone had a problem it must have been solved by now. The trick about trading is that you should be on top of it and not really leave it aside.

If you are ever going to leave in front of your PC then make sure that you have no trades going on. That’s the trick, sure you could have some movements that you want to act quicker but there are some "traders" that I see here who end up trading while they are not in front of the pc. Meaning, they buy, go to sleep, and wake up and sell, which is not trading that is very short term investing because traders needs to be on top of the trade they are doing.

I think that when a person manages to control his emotions in trading he advances a lot in maturity, in general we, no matter how much we want something, sometimes we get carried away, we must have a lot of determination to be able to have a decision without getting into sentimentality of any kind, this It usually happens not only in trading, it also usually happens with sports betting, when a person gets carried away by their emotions, the chances of losing increase, and in trading sometimes getting carried away by pure hunches all the time doesn't work either.

We have essential tools which is basically needed for trading. Ljme the TA and SL are one of the most important tools, traders uses for trading. Profits ar gainable only if a trader is not greedy interms of profits. One thing I learned about this Crypto thing is that, always learnto take profits no matter how small it is. Profits are important to traders, because it's the only thing that keeps persuading you that you need to push further in the space. Perhaps as for me, I always take profits where necessary, although I learnt where and where not to take Profits.