taking profit can be hard sometimes.

[senyorito123]

some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time.  its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

Simple idea which I can share with you, don't wait for further spikes of your asset and once you encountered pumping price, don't wait higher that what you've expected. You might not notice, price suddenly collapse and you won't be able to sell a sustainable value. If you see you've gained enough profit, grab that opportunity then dump your asset to have an other chance to buy for more holdings.

[1714815442]

1714815442

[Yamifoud]

It is greediness that doesn't let us take winnings and leave the market with profit. Emotional trading has such bad consequences, we have to control it before it causes the worst results for our trading career. Trading is a serious and tough profession, not all individuals manage risks same for min loss-max reward.

They usually had bad ends. We can see how these greedy people never succeed because they overlook the chance of making money in a few inclines, they preferred to sell at a high price which sometimes doesn't work. I can tell that because it happens to me in the past and from that, I learn not to ignore every opportunity.
because if we only know that price will surely go high in the coming days, for sure people will never sell but instead, to keep waiting for that moment, unfortunately, we don't have kind of market. We are sure to experience price changes all the time.

[Willitivity]

When an investor or a trader takes a trade without having a target profit, that's when this problem normally pops up, because the trader won't probably know when it's okay to take profit off the market and move on, he/she will leave it there hoping it keeps going up, some traders even after their target profit is met, they will still leave their trade position open because of greed, they don't want to to miss of the

taking profit ALWAYS can be hard, why?
because we never know the REAL right time to sell or buy the coin we want,
every altcoins can increase or decrease in anytime, that's why we cannot taking profit easily.

With a proper trading strategy you should know when not be greedy and take profit, but I still agree with you the market is really unpredictable, no one knows the right time to stop being greedy and sell, few reasons why everyone going into these aspects need to discipline their self.

[hari9981]

Its hard to take profit because you always worry the profit can be higher if you wait to sell it.
Instead of doing that, just happy with any profit you have right now, because no one can promise you a higher profit if you sell that in the future
Also, you may have another opportunity to buy it when dip.

[MCobian]

With crypto prices now at their peak, it is indeed difficult for us to make decisions. because our greed starts to flare up, but if we don't immediately
take profit it can eliminate the opportunity to get profit. So many investors with today's market are very heavy in making decisions. The best way is
indeed to sell the crypto that we have partly and partly remains in HODL. That way if the price goes up or down we can still get benefit, even though
it may not be perfect.

[Distinctin]

Its hard to take profit because you always worry the profit can be higher if you wait to sell it.
Instead of doing that, just happy with any profit you have right now, because no one can promise you a higher profit if you sell that in the future
Also, you may have another opportunity to buy it when dip.

Consistently having 1-2% gains everyday is big enough that to wait 1 year and just get 100% profit. I certainly can't imagine that why people keep ignoring every pump to make a sell, unless if you don't have a plan to sell but to hold it forever.

We could hear that some are regretting selling their coins before it hitting their new ATH. That would supposedly do if we are not making a profit but if we get some, I don't think there is a need to regret nor to blame ourselves because of being impatient.

[m_nief]

the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

I'm sure only a small percentage can do this. it is true that most of the people who replied to this thread said that the main point of the difficulty was due to greed. this is very humane because every human being always wants more

[kooboat]

Nobody wants to be left out of an opportunity  to make  a good  profit.  There  has been times when profit had been taken and   the price goes down 📈, that's  a good win. On the other  hand, should there be a pump after selling,  there is always that feeling  of regret. As humans as we are, most  people   aim to make huge profit with each trade.

[akirasendo17]

The reason why taking profit so hard sometimes is because of our expectations, we are aiming so high that we really thought it's going to be, or we have a target value, and also a past experience where we sold our token in the cheapest price in the market and wakes up the other day the price has gone up 20x higher the price we sold, and also greed we also are hesitant to take profit because of greed that we are dreaming like its gonna be like bitcoin price someday.

[Banulit]

This really true especially if you have a desire and expected value which lead most of the time into losing some of your funds. That is why we need to be contented in every profit we can earn even if its small amount or big amount, always keep in mind that profit is a profit.

[Benefactor]

Never attempt to be eager individual by putting a ton of cash on it. Recall this you can likewise attempt to change your objective if the cost of coin previously outperformed your objective however you probably offered a portion of your coins to keep away from the landfill that could happen whenever. You lament that imagine a scenario where it gets higher tomorrow or later, disregard that attitude. On the off chance that you will in general hold, at that point simply disregard selling right now and hold it.

[forexandcryptoauditor]

You are absolutely correct. However, to to have that decision point at correct time matters. And this is a challenging thing for most of us. The good trader can feel the points when to sell or buy at right time. But as you said, if we see some profit, it's good to book some .

[hulla]

I don't see what makes taking profit to hard in any trading/investment decision if the investor/trader in charge aimed at a certain price range and not greed to stand on the plan on he had to begin with. But, if such trader/investor finds himself in the dilemma stage he can sell 50% of the investment while setting a stop loss strategy on the remaining holding.
Greed or not it is better to have good knowledge about saving capital which I believe is very important.

[kesmex]

This really true especially if you have a desire and expected value which lead most of the time into losing some of your funds. That is why we need to be contented in every profit we can earn even if its small amount or big amount, always keep in mind that profit is a profit.

That's right, no matter how much profit you get, I don't think we underestimate it,
what is certain is that even the smallest profit is still valuable compared to not getting any profit at all,
and the important thing is we continue to do our best to be able to profit

[LogitechMouse]

~
kindly share your ideas that might be helpful to solving this issue.

Stick to your plan.

I know that this is very easy to say but very hard to do but you must do it. If your target price to sell has reached then at all cost sell it.
I can say that easily but I can't apply it to myself for some last minute adjustments in my targets. My previous price to sell is at $20,000 but since I don't know where to use the money that I will get when I sell it, I decided to hold it longer and right now it is the best decision that I made .

What takes it hard to take profit sometimes is the fact that there is a part of your mind saying that, "What if this will go even higher, I will miss all those profits when I sell it now".

[Greatdev]

I'm in gains already, I don't hold just a single token which can make me feel unsatisfied, I have many and I'm making ROI from most of these altcoins, isn't thats all that matters? Any profits from 20% I would gladly sell and take profit, this bull season won't last forever, stop fooling yourselves

[ElmedoRator]

It's like asking me when I get a return on your investment, which means it doesn't matter here. Basically when you have a profit you can do whatever you think it will be good, I find people often miss more than they get the opportunity to increase profits, instead just needing to hold a coin for a long time and waiting for it to go up is not easy, when many people are not patient and wait for what they choose, and they tend to end things sooner.

[CoinFoxs]

It always happened with new traders or investors they are in hurry and want profit in a shorter period of time they don’t have knowledge about the market. First do a market survey read experienced traders opinion then make a decision of selling your coins. It happens with me and with my friends when we are new in crypto world back in 2013 but now we only sell coins when we see that the coin is at their ATH price.

[palle11]

The reason why taking profit so hard sometimes is because of our expectations, we are aiming so high that we really thought it's going to be, or we have a target value, and also a past experience where we sold our token in the cheapest price in the market and wakes up the other day the price has gone up 20x higher the price we sold, and also greed we also are hesitant to take profit because of greed that we are dreaming like its gonna be like bitcoin price someday.

The expectation is why we lose after waiting for huge profit. There are times that we have the chance to off with some profit and we keep our fingers on the button and wait to go off but eventually lose all. If we take away greed too to understand that we still can make more money next trade, we do great profit turn around. Profit should be taken little and little or we lock in our profit no matter how little it is. Profit isn't hard to take but selfishness is the big challenge for trades. Bitcoin price was around $48k last week and yesterday was $52k , now at $51,712 these are all profit for unselfish trader.

[gurunanakji777]

Sometimes traders are in good profit but they could not decide whether to take profit or continue to hold it is just because the market is booming and mind says the market will rise more so we should wait some more time and while deciding this sometimes end up in a loss of profit so the target should be set in advance and when achieved should not be greedy for more. Apart from this one can sell that much amount that returns its principal amount of investment and rest can be hold for long.