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Author Topic: taking profit can be hard sometimes.  (Read 1545 times)
m. yasir
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May 13, 2021, 04:59:57 PM
 #201

analysis in determining investment is very important. any type of investment is definitely aimed at making a profit. however, if you have started investing it means that you are ready for all the risks you take. Hold or sell, profit or loss is the decision you make.
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Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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May 13, 2021, 05:12:57 PM
 #202

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.

Some investors aren't contented with their expected profit and they're even aiming for more that sometimes result in losses which isn't a smart move. As for me, it's still better to set a target goal and sell when you have reached it. Sometimes, greediness could take everything from us. Reaching our target profit is more than enough because profit is still profit no matter how big or small it is.
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May 13, 2021, 05:52:16 PM
 #203

What can i say is "almost everyone is greedy". When you have made a target, for example "X2-X5 is enough". But when GOAL was reached they were still greedy and didn't immediately sell their coins. When the price of their coins fall and they started regretting their decision.
- The fact now is a concrete example, too many altcoins achieve the highest milestones in their career paths, investors also maintain a large profit through holding but in the end, they are always late in taking profits, their psychology lacks consistency with their goals due to the daily predictions that are raising the frequency of their greed. And the profit will disappear like bubbles, it is broken when flying high, this market has warned too much and given everyone time to profit but too many people still don't know enough and satisfaction


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Johny9829
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May 13, 2021, 07:04:46 PM
 #204

Yes always if you don't have knowledge about what is good pick
fullhdpixel
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May 13, 2021, 09:58:15 PM
 #205

As for me, it's still better to set a target goal and sell when you have reached it. Sometimes, greediness could take everything from us. Reaching our target profit is more than enough because profit is still profit no matter how big or small it is.
Every market relies on the actions that the traders in that market takes (human psychology as we usually do see), but how do you know when people are in a particular state of mind? You can’t even tell when and how, so what makes you so sure that it is easy to trade cryptocurrencies? It is not.

Anyone can decide to sell at anytime and that doesn’t determine their mood at that moment, it can just be that what they want to do at that moment is to sell due to they need that money for something else. So you’re totally wrong, the way you have put it is not how it’s going to be working.

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motun01
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May 13, 2021, 11:01:41 PM
 #206

Taking profits should never be a hard thing for an investor especially if you want to be a successful investor, profits on paper means nothing if you are still exposed to the volatility of the cryptocurrency market and such profits can be taken away from you if the price dips, which can happen at any moment.
So its best to take profits as you see positive gains, keep your profits in stable coins and you cab reinvest when you see better lower prices

ogundowotoby01
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May 13, 2021, 11:15:39 PM
 #207

As a good and experience trader, I believe taking profit shouldn't be hard and it takes discipline to do. Immediately or before you take a trade, you should always have a predetermined exit price in mind, and once price hits that price level, just take your profit and leave the market.

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gribalenfeksiyon
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May 13, 2021, 11:27:50 PM
 #208

Making a profit is just as important as investing in the right coin. Investing is not just investing money. you must keep track of the money you deposited. Protecting your money and realizing your profit is one of the most important issues. The biggest reason people lose money is because they don't use stop loss and don't know when to make a profit. technical analysis is a method that helps in these matters. Technical analysis helps a lot in setting a goal for yourself.
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