The best time to take profit in Trading

[deonyx]

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.

[1714820251]

1714820251

[target]

There are indicators in the platform that will tell you when to. so learn more about the platform where you trade.  Exchanges are becoming very clever, you might want to  learn when a token is over bought already and when that happens, its about to be dumped. Or an indicator that will tell you most of the bidders are getting lesser.

[Tytanowy Janusz]

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.

When im daytrading i alwais sell when price is going up. Even when im on loss. I w8 for rebounce to sell there. I mostly dont look at AT indicators like it is written in book. I mean than "if rsi is bla bla bla than buy". Becouse rsi can be oversold for weeks during bear market and overbought for weeks in bear market. When im using indicators i alwais only support on them. Main indicator is my expirience.

When im trading in longer term i buy coins when i come to the market and my first impression is "wtf is that so cheap" and sell when i think im on the moon. I dont w8 for it to rotate back to earth. Even if it is trip to mars not moon. There will be more and more opportunity to earn. Only 1 out of 10 will be to Mars.

I also invest longterm into bitcoin - i dont need to look at chart or prices. I only read whats in news about bitcoin and other currencies. If its ok i w8 for "mars"

[matthewoz101]

What? Take profit when the market is green? Huh?

If you're day trading, you buy low and sell high. Use RSI and Bollinger bands for day trading with a coin that has volume in an exchange.

Use fib. retracement or other charting TA for longer trades. It's that simple.

[Tytanowy Janusz]

What? Take profit when the market is green? Huh?

If you're day trading, you buy low and sell high. Use RSI and Bollinger bands for day trading with a coin that has volume in an exchange.

Use fib. retracement or other charting TA for longer trades. It's that simple.

Great utopia where everyone is winning. 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. Thats why to sell whale will show you buy oportunity.

TA indicators investor is like trading bot but much slower, more stupid and susceptible for emotions and gambling. He become piggybank for those bots who will alwais be faster and better than him.

[carter34]

What? Take profit when the market is green? Huh?

Quite alright, I agree that the best time to take your profit is when the market is green. This is because you are not doing yourself good to wait until it gets to red before you go for it. The red time is rather a time to wait.

[Indrawan77]

Yes it's always fun if you can get profit with trading, and trading profit could be very tempting, because it's limitless, and I know that we must make a quick decision and be flexible with the decision, but sometimes its hard to make that decision, because if we dont make the correct decision then we can lose money, sometimes the price can bounce back and sometime it continue to hit the bottom, I think every trade must ever had dilemma when want to take action

[kulitmanggis]

the best time to make a profit withdrawal from the trading you do is when you are able to earn more than 50% then you can make a withdrawal of profit.

[Tytanowy Janusz]

the best time to make a profit withdrawal from the trading you do is when you are able to earn more than 50% then you can make a withdrawal of profit.

Its the worst tactick. Your sell decision should be made by current market situation. It should definitly not be made by your entry price x1,5. Ill tell you sicret MARKET DONT KNOW WHERE YOU BOUGHT AT.

When i buy and i see that market is not realising my scenario i sell no matter if its +5% +15% +150% or -5%.

[richcorner100]

For current situation of crypto market i think the best way to make profit is from day trading and take profit between 10 % to 15% pertrade. Also important to lock some profit in fiat because all price of crypto unpredictable, so when the price down we can buy more in the bottom to recover loss.

[kwabeedat]

Always develop the habit of setting a target. After setting your target, work towards that target. When you get there, you stop. If you want to work harder set it higher and if you wonna go in a steady manner, set it low. To me that's the best time you can take your profit, that is when you reach your target.

[Tytanowy Janusz]

Always develop the habit of setting a target. After setting your target, work towards that target. When you get there, you stop. If you want to work harder set it higher and if you wonna go in a steady manner, set it low. To me that's the best time you can take your profit, that is when you reach your target.

Well you are setting your target by current market situation in buy time frame which can change drastlicly after few hours. I think that target should be changed then. Sell decision should be alwais made by current market situation. Not by market situation weeks ago or buy price times alwais the same amount (x1,5 for example)

[Torrenth]

What? Take profit when the market is green? Huh?

Quite alright, I agree that the best time to take your profit is when the market is green. This is because you are not doing yourself good to wait until it gets to red before you go for it. The red time is rather a time to wait.

Yes I agree with what you say, if the red market maybe we will not be able to profit other than waiting. but if you have more funds why not try to buy new coins to trade.

[Rocktop044]

When trading I take profit when I make profit.
I lock my profits up and maintain the same capital rate.

[Apened]

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.

The only best time is when you are in profit dont need to much to ask for it because taking profit is on your own basis how mich profit you are going to see or it is based on the market without any target to sell right away when you are contented with the amount of profit you earn.

[cdoyle14]

actually I am having fun even if I am losing my funds because I can see that all like a game and this money like just numbers on the screen

[dev9t9ok]

I am absolutely sure and I assert that investing is much better than trading. I may prove it easily. 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. Investing is a business so it is more clear. I consider that trading is an occupation just for professionals so when you trade you compete with professionals.

[Aikidoka]

It is really up to you to decide. People's opinion will not matter because you are the one to assume your responsibility. But yes, I think daily trading is so hard as it requires skills and being vigilant and alert about the market. So, if you are better at trading and it seems to be your unlucky day, then take a short break and observe the market again. You should make an effort and be patient if you want to have a good result.

[vphasitha01]

I think if we can use the limit order function more often we can make profit. My formula is very simple and more reliable. When market is in a dip I decide to setup my buy limit orders into three or four different price levels and setup profit margins at about 20% accordingly to buy orders. Don't forget to setup stop losses around 10% margin. By making series of treads we can get a net profit instead of one tread. It's only matters net profit at the end of the day

[Evil eye]

The number of coins in the crypto market is going up day by day. And all the cryptos in the exchange market, depending on the price of Bitcoin and Ether, the price goes up and down. Now the price of Ether and Bitcoin is relatively low. So you can start trading right now to get more profit. I think it's best time to trading in exchange market.