The best time to take profit in Trading

[Muzika]

Anytime of the day as long as the market is continous moving up and down because by that you can really earn from trading because trading really works in the moment of being a restless in the market.

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[marine4u]

Anytime of the day as long as the market is continous moving up and down because by that you can really earn from trading because trading really works in the moment of being a restless in the market.

The profit taking in trading depends on many factors of market and investment psychology, besides investor's greed is the decisive factor for profit taking. Having a clear plan for investing, taking profit and cutting losses, and adhering to it for the best investment results is essential.

[yulionoo]

yes, everyone will be happy when they get a profit. and I think the choice to stay in the cryptocurrency market and do daily trading is the right decision to make a living. by always looking at the market situation, one can look for opportunities to conduct trading activities. and I think the best time to take advantage is when the current price is greater than the price when buying.

[Obama07]

I think this is depends upon your target. If you make a target or ready to do so then it is easy to find best time for take profit. From holding it is very simple.  If the price goes on at least 30% up from your buy rate then it is best time for sold. For day trading always try for make only 1%. Yes, please only 1% not more. It is safe and best as well.

[Alogme23]

For now hodling is the excellent alternatives just anticipate the proper time to promote bitcoin and different alts this time of crisis of cryptocurrency is temporary on every occasion occurs bitcoin might be back to the moon.

[Ashong Salonga]

depending on the situation, and sometimes people want more profit that's the one mistake when the market turns green they expect more profits. without considering whether to remain stable or even turn red.

For me the best time to take a lot of profit in trading is when all of the coins we own will pump it's value and there is no doubt that when the market will start to be stable again that is one of the best time we can earn a lot of profit.

[riskarcher]

for the current market situation, any trading strategy will be very risky, except for Bitcoin which can still benefit 10-20% of the profits. there is no better time and no more. we are faced with a bad market situation

[Darkmoon85]

Yes it's the best time to profit in trading. If it was that easy everyone will earn - thats impossible on market. To earn you need to be better than others. When you are using TA indicators everyone knows your moves. Everyone knows where you will buy and sell.Look around there are much successful investors but less traders why so?! It is just because trading is incredible difficult activity with huge risks like a casino.

[doycku]

Yes it's the best time to profit in trading. If it was that easy everyone will earn - thats impossible on market. To earn you need to be better than others. When you are using TA indicators everyone knows your moves. Everyone knows where you will buy and sell.Look around there are much successful investors but less traders why so?! It is just because trading is incredible difficult activity with huge risks like a casino.

and yet I think that gambling is much more difficult, because there you can not control anything. The fact is that if we take into account fluctuations in prices for the crypto currency, it really does not depend on us, But we can take some actions to minimize the risk of losing our income.

[lavara]

You can use charts to trade - but if they were telling the truth ... I often use warrants-I'll put on the right position and I'm calm, I do not worry much, sometimes I just check the situation on the market. Now the crypto currency has slipped and in the falling market one can also earn well.

[ResonanceInvest]

If you have your own strategy and it works, then the best time is always. )

For the time that I trade, I have gained a lot of experience. The most important thing is automation. )

[yanesna3]

Probably the best time for taking your profit would be when you feel that it is the time to quit, is something similar with the gambling games, when you need to feel when it's time to stop. And it is enough.

Maybe yes but I do not think that a real professional, the trader that has done this activity the best part of his life will ever quit trading. He can quit his main job but won't leave the crypto.

[ukboss]

Let’s think about start. How do you start your daily trading? Looking for best setup, analyzing market, price action pattern, follow news, drawing support and resistance pattern on the charts and so on. Now you are ready to pick up a trade. But is this all ? This is only start. Another most important things need to do yet. Exit or take profit have more impact on the result of a system than any other factor including money management. Use the candle close, Use price alert, Experiment for multiple take profit levels.

[basslinerDC]

when to start to scale out of a position is dependant on many factors and really there is no best time as the markets are disigned to take your money so you have to be able to adapt to them
as a rule i start to scale out in 25% portions as resistances are approached or major fib lines if these are cleared cleared and turned into support then my stop is moved to this level to lock in gains and prevent giving any back 

[joey alexander]

In many ways, trading cryptocurrency is like gambling. The feeling you get when you have a huge win like you're at a casino Blackjack table, it can be addictive, that hit of dopamine can be addictive and cause you to want to keep going.You need to get into the habit of not being greedy, take your profits regularly. You hear some traders chanting the "HODL!" mantra, when you should be taking profits regularly (when given the opportunity). Even if you only make a small Satoshi profit, a profit is a profit.

[chamika888]

Don't be greedy, it's okay to take profits and anyone who tells you that it isn't either has made enough good trades to not have to worry or they're naive and will end up losing in the long-run.

[Theldal]

Some traders employ the services of AI and robots to trade and know landmark prices or points to take out their profits. Without any guide it is best to set a target as earlier mentioned in this thread. You have to be very tactful and discipline or else you will over-trade and get back to the red graphs.

[bdfoysalhossain]

I think the choice to stay in the cryptocurrency market and do daily trading is the right decision to make a profit. If you are good at trading and you can benefit from it, then this is your lucky day. If you want to get a good result then you should take effort and patience.

[ShineftChaos]

Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.

Right now is the best time to invest a huge amount because the market prices are currently dropping and in order to earn more profit then you should take advantage of the current market prices since it was very low.

[galundan9]

I think the choice to stay in the cryptocurrency market and do daily trading is the right decision to make a profit. If you are good at trading and you can benefit from it, then this is your lucky day. If you want to get a good result then you should take effort and patience.

everyone has their own choices and strategies in trading to be able to make a profit, daily trading will indeed be able to generate profits faster but if the market situation is in good enough condition. if the market situation like this in my opinion is not the right time to be able to generate profits because the movement is difficult to guess in choosing which coins will be able to rise significantly.

patience is the main key in trading and analyzing a coin carefully in order to be profitable of course.