Solve taking profit problems.

[doctor877]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

[Kavelj22]

if i understood you well, you are looking for a way on how to know the best moment to sell right before the dump. I am sorry to tell you that this is almost impossible because you can't expect the price to go up or down in a determined time. So maybe if you sell right after the peak, the price will increase again.

The best advice here is; once you sell your coins with a good profit, try not to come back checking if you were able to make more profit or not. This is how the game works.

[tabas]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

Greed and profit. These two will always be attached to each other and as someone who takes profit for every market season, you'll always have the feel of guilt and regret that you have sold way lower in the past because you're looking at the current's high price.
Don't mind the past sell outs that you've done and you'll never feel the sorry and regret that you've sold early than what you see with the market. Every sell you do, just think of it as a profit that goes to your hands and you'll never come back with it.

[tvplus006]

The best advice here is; once you sell your coins with a good profit, try not to come back checking if you were able to make more profit or not. This is how the game works.

It is necessary to constantly monitor the price of the asset, regardless of whether you have already closed your order or not. It is possible that the market will once again give you a better entry point into the trade than it was before the order was closed.

[bttmember]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

This is everyone's problem and it is perhaps due to human psychology and greediness so i do not think it will end, the only thing one can do is to follow a strategy where taking profits at 10 20 50 or 100% should be a must only then one can take regular profits.

[Handsome Boy]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

make a target, because if we don't set a target then we will definitely be greedy and want to get a very big profit, so if you have set a target for the profit you want, then you already know when is the right time for you to sell it, even if the price continues to increase when you already sell it, but at least the profit you get is according to what you are targeting, so you definitely won't feel too disappointed when the price of the coin is still increasing by the time you already sell it.

[Kavelj22]

The best advice here is; once you sell your coins with a good profit, try not to come back checking if you were able to make more profit or not. This is how the game works.

It is necessary to constantly monitor the price of the asset, regardless of whether you have already closed your order or not. It is possible that the market will once again give you a better entry point into the trade than it was before the order was closed.

Yes. This is also a possibility, but from a reasonable view point. Any trader should have a target about how much profit he want to make just like when using a trading bot where the user should set interval limit of sell and buy.

My response was about the question of op about if there exist a method/strategy to know when to sell before the price goes down. He has already mentioned that this is a greedy trader question.

[JeffBrad12]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

If you have got enough profit and then leave from the market. If you are seeing a lot of potentials and then you can continue to hodl your coins dude. that depends on how good you are to determine the price of crypto in the future.
You should see the trend. People can control their greed easily if they are using their mind
You should not be greedy but at the same time, you must also see how big the potential of crypto whether it can go even higher or not.

[Baofeng]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

I would say this is common though, greed is hard to control, one of the emotions that we really need to check. However, if you are long term holder, it doesn't matter though, when your wallet swell because the price keeps rising, then it's all good because you are not going to dump it isn't it?

But for those who are happy to have some profits and squeeze as much as they want, then obviously they have to decide when to sell, so timing should be perfect.

[KellyCoin]

This is indeed a tough one. It’s hard to sell when things are pumping and you don’t want to miss the top. But then you don’t want to miss the top and end up losing 90% value like that happened to most alts in 2019 after the pump. Controlling greed is key.

[asriloni]

This is indeed a tough one. It’s hard to sell when things are pumping and you don’t want to miss the top. But then you don’t want to miss the top and end up losing 90% value like that happened to most alts in 2019 after the pump. Controlling greed is key.

People should start to use their sense to determine which is the best time to sell our coins. I have seen that so many times people have not sold their coins when the bullish happened and they have ended in a big lose cuased by they can't take the opportunity and they keep hold their money in their wallet. That's something that must not be done by anyone.
People should sell at least some of their portfolios.

[gabbie2010]

This is indeed a tough one. It’s hard to sell when things are pumping and you don’t want to miss the top. But then you don’t want to miss the top and end up losing 90% value like that happened to most alts in 2019 after the pump. Controlling greed is key.

People should start to use their sense to determine which is the best time to sell our coins. I have seen that so many times people have not sold their coins when the bullish happened and they have ended in a big lose cuased by they can't take the opportunity and they keep hold their money in their wallet. That's something that must not be done by anyone.
People should sell at least some of their portfolios.

It is better to take some profits to prevent regrets just as the OP emphasized, with some little research a hodler should use indicators that can indicate overbought zone of the price RSI indicator is very helpful in that regard however when the price reached overbought zone it either price  dump completely or pullback a bit before continuation of the bullish run however to be on a safer side it better to partially take some profits to avoid touching stories cryptos are highly volatile in nature.

[RabbiTANK]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

Many people failed to have a particular aim themselves that's why they hesitate to take profits, the only way greed can over power a human in business or investments is if the person have no target, meaning he or she don't know where they are going, if you can't figure out where you are going it means you have no boundary.. such person will never be satisfied

[ethereumhunter]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

The greedy will take its part from the rise of the crypto market, making many people forget to take profit from their coin. Instead of selling their coins at a peak, they prefer to wait for more because they expect that the price will increase more after that. Unfortunately, what they want will not always happen because we do not know how long the coin price will stay at a high price. So take profit while you can, and don't think about selling the coin at another high price because it does not always happen.

[Akiko]

One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?

It's easy just always sold half of your investment Everytime there is a peak in price, even you are greedy and want more profit from it you can use the other half for waiting just sold the half to secured your gain . You can now move the  half you sold to other project that you think will increase it's price in that way you can earn more than waiting for unguaranteed increase of your holdings.

[husdemba]

Greed is a very correct term. Mankind always wants more. Maybe buying Bitcoin is a risk right now, but everyone is investing greedily.
It is difficult for beginners to trade in the right time. Some things require experience. Trading is one of them 

[Gunday_07]

You can't really get rid of greed completely, the only way to be one step ahead of greed is to develop the habit of having a target, assuming you buy a coin for 1$ find your next target to opt out, can be 2$ or 3$ and be serious about it, once that target is met you will definitely go ahead with your plan

[JHORN]

There is no way you won't be caught by greed if you are still new to crypto, those who are now smarter are all once greedy too, I was able to adjust myself because I lost money few years ago due to been too greedy but today I don't want or hunt for too huge gains anymore, I'm used to taking profits fast.

[poodle63]

This kind of problem gonna solve itself actually, once that person experience the feeling of missing out bullrun because always expect the bullrun to always go up and not gonna have correction. Eventually they gonna have the mindset that a profit is a profit doesn't matter whether we misses out the peak. Atleast it's better than having no profit at all or even worse losing instead.

[cassavachips]

It always happens and it is difficult to avoid it because after all we cannot know the crypto that is held will rise until when. But indeed as a trader you must also be able to understand to take profits immediately because we can trade the next time.