How do you manage your profits in trading?

[djkyno]

Mostly I use my trading profits to buy the most promising coins and tokens (which I keep holding them actually), and sometimes I convert to fiat because I need this money for living and paying some daily bills.

[1715581340]

1715581340

[1715581340]

1715581340

[Oilacris]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

No need to have an expert advise because this is just really a basic thing.Come to understand that buybacks wont really be worth anytime.Just take the profits and move on which you should not tend to buy again if the price goes low because not all coins will significantly rise its price unless if you do see high liquidity or volume then doing these shortings would really be possible but wont really be that easy for sure.

[deisik]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

It is not advisable, it is in fact the only way to make profits

There can exist many different trading strategies, but however sophisticated and complex they can be, it all comes down to buying low and selling high in the end (or in reverse order if you are shorting). Regarding you question specifically, if I understand it correctly, it all depends on what your prime currency is, i.e. in what you are measuring your own wealth. By default, people assess the value of their portfolio in dollars (or any other fiat), so if you sold for dollars, your profits can't depreciate in your frame of reference (valuation). But obviously, that's not the only option as it is common nowadays for many people to evaluate their financial well-being in bitcoins, not in fiat. In that case, they don't care about how high or low the price of Bitcoin is at any given moment as long as the number of bitcoins in their wallet continues to increase. Hope this helps

[danherbias07]

That may be the reason behind creating Tether token.  
To avoid the depreciation value of the token they will sell it too.

If you look at the history of trading there is no such thing as Tether token which is value is 1:1 to USD before.
If you sell bitcoin before you need to buy an altcoin. That means pumping the altcoin if a lot of people are doing this.
But now there is no such thing as depreciation since you can sell it with Tether.

If BTC-Tether will be the trade, then you will just have to do it back and forth until you can hoard a lot of it.

The real problem is when will you sell and buy. It takes a little while too see it and it aint accurate as always.

[nydiacaskey01]

I always take note of how much profits I made in every trade. Profits needs to be separated from the capital. If my capital is 5,000 USD and I made 800 USd on a trade, I still use 5,000 USD on my next trade, I exclude the 800 USD. That way I know if I am making progress or not. If I reached a certain amount, I withdraw the profits just to secure my earnings and continue trading with my initial capital.

[tenakha]

The first thing I can recommend is to keep some money when everything goes well. So when prices turn red, you don't need to sell them from low price. After that, the price of your portfolio with USD cannot bother you. Besides, you can also save your money with stable coins in the market. I don't recommend to keep money as fiat, because you have to pay interest while you're exchanging.

[wayaneka]

Firstly you should be have monthly target profit and then you will know how many percentace of take profit per trade. Montly target profit is very important to decide, this is to avoid greedy, and when reach the monthly target profit its better half of the that profit withdraw to the fiat and half again use for compound strategy. There are always any risk in trading, because not all trade will be making profit so to avoid and to minimize the risk we should use stop loss on every trade.

[Ucihashin]

in taking advantage of trading, I am no more than 1-2% every day because I minimize the risk that I will get
the more profit we want the more risks we have to bear

[Twinscoin2017]

Firstly you should be have monthly target profit and then you will know how many percentace of take profit per trade. Montly target profit is very important to decide, this is to avoid greedy, and when reach the monthly target profit its better half of the that profit withdraw to the fiat and half again use for compound strategy. There are always any risk in trading, because not all trade will be making profit so to avoid and to minimize the risk we should use stop loss on every trade.

I think we need to manage our profits from trading by saving or maybe investing our profits. We need to have investment or saving from our profit because not everyday we can gain on trading we can also loss on it. Sometimes if we gain big we need to save for good.

[BitcoinCommodor]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

when you sell high?

These questions are the most common things that been asked on each trader where we wont really know on when to sell or on when to buy depending on your target profits percentage.Some people do set out some small percentage profit and some do really like to utilize or hit up the possible peak price. Compounding might do but at the same time it would really be more riskier yet we know prices can really change on a blink of an eye,

When it comes to buying and selling in a market, the best thing for any trader is to have a strategy. Strategy comes in a way such as, for instance, based on my analysis, is the market looking favorable as a good zone to buy or not, and the same thing goes with selling as well as when you should be stopping loss. However, without any strategy at all it is always going to be hard to be able to trade any market at all and that is the reason a lot of people cannot even manage their own emotions, let alone, manage profit or trade.

[deisik]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

when you sell high?

These questions are the most common things that been asked on each trader where we wont really know on when to sell or on when to buy depending on your target profits percentage.Some people do set out some small percentage profit and some do really like to utilize or hit up the possible peak price. Compounding might do but at the same time it would really be more riskier yet we know prices can really change on a blink of an eye,

When it comes to buying and selling in a market, the best thing for any trader is to have a strategy. Strategy comes in a way such as, for instance, based on my analysis, is the market looking favorable as a good zone to buy or not, and the same thing goes with selling as well as when you should be stopping loss. However, without any strategy at all it is always going to be hard to be able to trade any market at all and that is the reason a lot of people cannot even manage their own emotions, let alone, manage profit or trade.

Without a strategy or plan you will be gambling

And as the saying goes, if you don't have a plan, plan to lose. However, even if you have a trading plan (trading strategy), it is not a guarantee of success, and the problem may not be with your strategy as such (though it still can be). Actually, there are two different problems with trading strategies, even with good strategies. The first one is that most people are unable to follow the chosen route through, at a certain stage they fail to stick to their approach to some degree. This is effectively equal to having no strategy at all, and that would be gambling as I said in the preamble

he second problem is the opposite of the first, when people are too rigid or even stubborn in following what they set up as their strategy. Any strategy, simple or otherwise, even the perfect one (the Holy Grail of trading) has its finite scope of application, i.e. the environment in which it should be used. But if the environment changes radically in the process, following the chosen strategy may no longer be reasonable as its premises may no longer hold true. But some people are stuck with the idea of pushing it through no matter what. This is as bad, if not badder, as having no strategy at all

[darewaller]

I don’t get what you mean by this—“do you suppose to buy so that your profit will not depreciate when the price is going low? 
 
You already said it… no need for further explanation –– you just need to buy when the price is low and sell when it is high. After selling you can wait for the price to fall below the rate at which you sold at, then you will also buy in again at low rate for another chance to sell when it pumps. That’s it, simple right? All it takes is having patience and always make plans, and also have backup plans too.😃

[Jeremiesaranza]

Recently I decided to reinvest less and cash out more. Perhaps, it's good to take a look and other asset classes (precious metals, f.e.) to diversify a profit from crypto

[raven7886]

Firstly you should be have monthly target profit and then you will know how many percentace of take profit per trade. Montly target profit is very important to decide, this is to avoid greedy, and when reach the monthly target profit its better half of the that profit withdraw to the fiat and half again use for compound strategy. There are always any risk in trading, because not all trade will be making profit so to avoid and to minimize the risk we should use stop loss on every trade.

Having monthly target profit is one thing you cannot really guarantee when it comes to trading, although for day traders sometimes, this is something that may be applicable since they trade the daily fluctuations and noises in the market and they tend to always want to look at certain percentage they can consistently make daily to increase their holding.

Well, everyone will always have their own approach to things, but whichever way, profits from trading are there for you to increase your stash, and even if you pay yourself some out of it, the rest should be put back into trading to keep increasing the amount of funds you have to trade just like anyone would do in real life businesses.

[lelahkenabanned]

in order to be able to control the profits that you can get in trading, you must be able to stay patient and make sure you don't get easily affected and don't panic often so you don't lose and can always make a profit.

[Obama07]

I’m always calculate my daily profit if I lose some day then I also try to recover in next day, I’m never trading in target my daily profit I’m just calculate monthly basis profit. If I earn daily 1% and I think it is perfect earning but some day I make a profit 5% but when I lose then it will be recover in my next trade and it calculate over all 15% end of every one month. As like i manage my trading profits in every month.

[beezunus]

I manage profit in trading by buying when a low coin price then sells it when the price of the coin is higher than when I bought it and I will use the profit I get to buy again when the price drops again

[hiVe]

i think you can trade in the opinion market when the price falls down. But to succeed, you also need a good information hunting skill and good estimate skill. Btw, this market is also more difficult than normal market

[jhongzjhong]

I manage profit in trading by buying when a low coin price then sells it when the price of the coin is higher than when I bought it and I will use the profit I get to buy again when the price drops again

How did you know you are in a low point buying? that is most likely what happened on some traders they did not have enough skills in trading. Anytime you can have a profit in trading even when the market is red and pick up the good coins that most profitable and research possible happen on that coins. I personally hate trading I much prefer in holding in long-term.

[West0813]

As long as I got a good profits in trading. I always convert half of it into fiat and save it for the future of my baby. And I use the remaining to buy some good altcoins for trading again.