Solve taking profit problems.

[carlisle1]

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.

Indeed and all are agreed on this one...

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.

Because there are many type of trader and those traders are the risk taker in which they can gamble as long as they are still in the level of gaining.
Though the amount may certainly changed either to Grow or maybe to fall it is a decision to make.

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.?

Nah for a Noob trader this is a Greed ,but for a Legit and long time trader ?this is a Choice and no wonder you don't know that ,meaning you are one of the Noobs who's making words without constant knowledge .

[1715633582]

1715633582

[iv4n]

What is "taking profit" in crypto? What is your final goal, more fiat or more crypto? It's the tricky part, if crypto market drops more fiat means a lot more crypto, if crypto market goes up more crypto means a lot more fiat! All this changes can make a mess in your mind... so it's important for everyone to have some goal to follow! Have a plan and follow it, we can't make profit all the time, sometimes we need to chill and miss a few things.

Solve your mind! It's not always profit taking, as much as we would like that! We risk to make more, but it's not always possible to make more! But without trying we don't have chances, so relax… learn your limits, when you need to play safe, when you can allow yourself to risk and gain a lot more or get busted! It's excitement after all, one of the things that makes crypto great!

[Bitbtc8]

There is no need to warn people about greed, they will eventually learn after few regretful decisions, I learnt mine after 2017 altcoin season, I was so hesitate to take profits, I was new then and I thought the pump is only getting started, now I don't care about how much I made in a week, month or year, when profits are available I take it.

[lumierre]

The problem is that people who don't even understand about fiat trading invest everything in cryptocurrency. Novice traders are guided by "impostor experts". The crypto market does not work according to the scheme of quick earnings, some managed to get rich quickly, but most lost everything. The cryptocurrency market, like any other, is cyclical, after growth comes a fall.

[reza7777]

We can only solve such problems ourselves, namely controlling our greed and the potential for the coin, if you already feel enough profit there is no loss if you sell immediately but if you think the coin will continue to grow, then hold it longer.

[Zeehaxan]

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.?

Yes this has been a far felt problem when it comes to taking profit and making profit out of the market. The only way out is that we should make reasonable targets in mind and then set that trade order according to the target and do not worry as market will keep offering more opportunities later.

[Fatunad]

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.?

How to be solved?

-Set out profit taking plans or spots
-Dont let your emotion of greed control you
-Secure profits and be contended

these are the traits that a trader/investors must have or else you would really be always
ending up on missing the best time on selling out your portfolio.

[Wulan_maniez]

Regulating emotions to not be greedy is indeed too difficult for traders and investors. Especially if you look at the market as bullish as it is now, especially what happens to bitcoin, making investors and traders want to make as much profit as possible. The market hasn't dipped for bitcoin and people are still greedy. Nowadays many traders and investors are not willing to sell to take advantage.

[btc-facebook]

It's just a matter of trading management used, if you use the right management then he should gradually sell the assets he has, this is an asset selling strategy carried out by professionals.
This management also applies when buying coins, because buying and selling gradually is the best way to control your greed.

[KellyCoin]

The current market situation is a good example of why taking profit is so important. With the market red you would be regretting now if you didn’t sell a few days ago.

[pixie85]

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.?

By not trading! If something is a common occurrence among traders and you want to avoid it, stop trading.

The market works because we can't all be right and we can't all be millionaires. Some people make money because others lose. If you'd fix it and make it uncommon for traders to choose wrong targets there would be no risk in any investment but also no profit.

You can't fix that like you can't fix the world.

[marilynmanson21]

The market hasn't dipped for bitcoin and people are still greedy. Nowadays many traders and investors are not willing to sell to take advantage.

They don't want to sell their assets because they know that if the potential for bitcoin to hit the price of 100k usd is not impossible, the increase in bitcoin prices over the last few weeks is proof that bitcoin is the best asset when the pandemic destroys the price of the forex and stock markets.

[gurunanakji777]

There are only some lucky or we can say wise guys whose holdings rising but on the other hand majority of the holders faces loss due to some greed I can say. This is the market where you have to analyze at the right time to quit or hold. Always set some taking profit targets to avoid the loss.

[cilgindansci]

People with new knowledge of the market are experiencing these problems. Some people creates the perception that there will be a constant increase in bull running. We should act with our logic, not our emotions 

[doomloop]

How exactly do you intend to solve it, there are millions of people who are investing here and you can’t solve this problem for them. When the market is increasing a lot of people usually feel like it will keep on going and they feel like if they withdraw their profit they will miss out on more profit , so they keep on holding their funds until they happen to lose a lot of it when the market reverses and starts falling.

You can only teach a few people what to do. It’s good to take your profit once you have gotten, if you still feel that the market will go further, you can take a part of it and leave the rest but still monitor the market seriously.

[Beparanf]

People with new knowledge of the market are experiencing these problems. Some people creates the perception that there will be a constant increase in bull running. We should act with our logic, not our emotions 

It's easy to say but really hard to implement during actual. You can't think logically once you are experiencing euphoria due to hype. You will just feel FOMO if you early exit on a bull run. Taking profit and stop loss is the hardest thing to do in trading especially if you are newbie or even old trader that didn't know how to use indicator. It's not enough to TP everytime you gain profit. It's better to TP at the righ moment and using fibonacci is the best indicator for that.

[qazgroup]

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.?

Taking profit is one of the toughest decisions a hodler had to take because you will be deprived of your loved and emotionally attached coins. Im also one of the hodlers that always keep hodling and after seeing peak and getting to reversal regrets to take profit I hope i will improve next time.

[dimonstration]

Taking profit is one of the toughest decisions a hodler had to take because you will be deprived of your loved and emotionally attached coins. Im also one of the hodlers that always keep hodling and after seeing peak and getting to reversal regrets to take profit I hope i will improve next time.

Learn to take profit now sometimes no matter how much we try to really gain profit sometimes we loses the point where we can get higher amount since the price started to drop. Whenever I feel like wanting to sell and take profit I do get minimal portion just to make myself relieve since I don't want to regret again not being able to get some profit when the price of my investment peak some ATH.

[Rexler]

Seeing our portfolio grow in USD after buying a coin is a thing of joy, and just like you said many people including me get carried away and feel the coin will continue pumping and in the end it will start dumping and we will be forced to sell at a much lower profit than what we had before, all this are caused by greed, almost every trader face this exact same problem not knowing when to take profit from trades is really difficult, cause we humans normally will want to gain more and more, the best solution is to follow our trading plan and take whatever profit we targeted, from 10% up looks like a good time to take profit.

[South Park]

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 is easy to solve this, you need an exit strategy, an entry strategy basically looks for signs to try to tell the optimum place to enter the market and an exit strategy does the opposite, once you have entered a position in the market it tells you when to get out of your position, the problem for most traders is that they spend months or even years to try to find the best entry strategy but they never bother to learn how to exit their positions, if you can do that then your chances of becoming a profitable trader will improve significantly compared to other traders.