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Author Topic: Always take profit  (Read 1267 times)
stomachgrowls
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August 04, 2021, 08:31:19 PM
 #101

Yes, I hope We can get profit every signl trade.Profit is profit no matter how It's small or big amount. Another side lose is part of trading. We can Learn to lose trading. Learning and working makes good trader. You need to more patience for trading.
Signal?

You don't need that actually if you're trading. You need indicators and verify them if they are really going to work out.

As part of trading, you'll be taking the profit always at your very good trades.
We do have the common goal which is to make profits but not all would be ending up on having same decision on when they would be taking their profits.Some would be re-rolling their profits and some would
secure it right away for faster ROI.

It does depend on the risk you can take and as long you could make money out of your trades then its up to your own decision on when you would be taking those.

We have different level of risk management so these things will really be varying or do ending up on different situation.
Taking the different type of reaching Roi which is to compound my profits for faster making big of my capital or bankroll and would able to achieve bigger positions since you do have already sufficient money to do so which it could really give you out that kind of versatility which would really be an advantage but also having bigger risk but since you do already know on what you are doing then it is really just worth to give a try as long you do aim for making it bigger and aiming for faster return of investment.

You should not rush up yourself on attaining that goal.It should really be slowly and surely and you are right that we do have different decisions on particular situation.

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August 04, 2021, 09:51:34 PM
 #102

Has anyone been able to take profit of nearly every trading session they've had so far? If anything, I think they were lucky enough for this. But I'm not so sure that one can do it consistently every session created.
Nope, not in a single day.

Yeah, sometimes I got decent profit but how much do you think I have lost in order to reach that point? It could be possible to take profit everyday if you are just looking for short-term profit like 5 - 10% on every coins but again I would like to reach something bigger than that so I'll just seek for something more profitable once I see it, that's why I have inconsistent wins.

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August 04, 2021, 10:20:22 PM
 #103

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.
In my opinion taking small profits decisions is based on poor decision making or not being confident about your trade especially if you are trading with a good amount , if that so i don't blame you but if you keep on repeating it than you have a problem and you need to work on your strategies and your methods, because it is a bad habit and will lead you to make many losing trades.
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August 04, 2021, 11:01:31 PM
 #104

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.
In my opinion taking small profits decisions is based on poor decision making or not being confident about your trade especially if you are trading with a good amount , if that so i don't blame you but if you keep on repeating it than you have a problem and you need to work on your strategies and your methods, because it is a bad habit and will lead you to make many losing trades.
If I'm in that position, I'd rather have to stop trading for a while and take some moments to realize and find where I'm getting wrong and to evaluate if my strategies are still working or not. It is very important to improve our knowledge and skill, as having a losing streak means that there is something wrong with us and that is a need to take action first and settle it down before we continue otherwise, we could just keep on losing forever.

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August 04, 2021, 11:39:02 PM
 #105

There are a lot of traders who does not consider the small amount of profit because they already make trade big. No matter what happens profit is still a profit at the end of the day we are heading to the profits and not about the losses. Losing in trading is just part of it so look forward to your profit. Sometimes we are having a bad day with the trading the market does not come to us so it's better to have a trading plan if you think you already lose your path bring it back again to the trading plan.
start from little profit and consistent we could earn big profits. It doesn't about how much its amount but about how manage the risk so it could be minimize. every traders ever experience loss and bad day but move on from mistakes and improve skill was good step for our future. i am agree trading plan could be solution to manage our risk and profit so our balance could growth smoothly.
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August 05, 2021, 11:42:59 AM
 #106


If I'm in that position, I'd rather have to stop trading for a while and take some moments to realize and find where I'm getting wrong and to evaluate if my strategies are still working or not.
I's healthy when you are  a trader, not to push yourself to much but rather taking some break when you see things is no longer working

for you. Assessment with how your trade comes up and pinpoint all important matters that may affects your trading practices.

Quote

It is very important to improve our knowledge and skill, as having a losing streak means that there is something wrong with us and that is a need to take action first and settle it down before we continue otherwise, we could just keep on losing forever.

There's always a winning way if you are keen in seeking the right system. If you keep failing yourself and keep losing your money, it's time
to think more deeper take time to reax and free up some hindrances inside your minds. You'll find yourself clearing things up and start gaining
good system to bounce back.

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August 05, 2021, 01:19:22 PM
 #107

There are a lot of traders who does not consider the small amount of profit because they already make trade big. No matter what happens profit is still a profit at the end of the day we are heading to the profits and not about the losses. Losing in trading is just part of it so look forward to your profit. Sometimes we are having a bad day with the trading the market does not come to us so it's better to have a trading plan if you think you already lose your path bring it back again to the trading plan.
start from little profit and consistent we could earn big profits. It doesn't about how much its amount but about how manage the risk so it could be minimize. every traders ever experience loss and bad day but move on from mistakes and improve skill was good step for our future. i am agree trading plan could be solution to manage our risk and profit so our balance could growth smoothly.
Begin from little profit one day later will be bigger profit and fund can trade, I think is very good opinion because we can take profit every time although after selling coin price up, later wait when price back dump to buy back again. Never panic and try to buy some coin when success touch all time high price because very risk and not worth to hold and get much profit.
to achieve our goals does require a process that sometimes takes a long time. but that is our foundation in forming a business. so that from a small capital and growing into a large course through various problems that must be faced. therefore knowledge and understanding are the main capital for trading, and capital only plays a role after knowledge
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August 05, 2021, 03:53:49 PM
 #108

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss. And in situations where the trader fails to apply stop loss there could be chances of blowing off ones account. A profit taken is better than a loss made no matter how small accumulation of smalls makes a mighty bulk.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners. If a trader cultivate the habbit of taking profit during trading he would have an upper hand over the market and also get clearer pictures of better entry points and also be on alert on when to exit especially during retracement.
Stop-loss function is a must to use one but the problem is that people think they entered the market in a right moment and don't consider to use this option. When their loss is 10%, they think that this is the max, let's risk and wait what will happen. When they see a 20% loss, they think that probably this is the max and selling right now would be a total mess and these continuous and finally, they lose. I have often seen this trend in futures trading when people use high leverages.

But if you really think that trading for some bucks worths the time and the effort you put in it, then you are totally wrong. First of all, you shouldn't start trading with 40-50$ and shouldn't seek for risky movements but when you have normal capital, like some thousand $, then you should aim for higher profits than 1-3$ because in trading usually you have to spend the entire night watching the market in order to catch good moment instead of sleeping, so, yeah, it's very hard and you should act wisely.

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August 05, 2021, 05:19:46 PM
Merited by Pasa32 (1)
 #109

In trading there will be some loss as well as profit . But you should take profit from it whether the profitis small even it doesn't matter. You should analyze the coins first and get the profit.
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August 05, 2021, 08:38:14 PM
 #110

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss.
If you're trading on Futures, don't ever allow a winning trade turn into loss because of your high expectations of it to give you an exaggerated ROI. Take your profit and run. Watch and wait for a better entry to make a come back. Most times it's greed that makes traders allow such a situation to hit them, and not because they don't have the knowledge of TA. You risk your capital doing that as margin call can happen at any time.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners
It's better to allow profit run than cut it short because of fear. Picking small winnings repeatedly can be wiped off with a single loss. Fear of losing isn't supposed to be something to consider for traders who want to cash out successfully. Professional and successful traders don't trade with fear in mind.

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August 06, 2021, 04:12:48 AM
 #111

In trading there will be some loss as well as profit . But you should take profit from it whether the profitis small even it doesn't matter. You should analyze the coins first and get the profit.
I understand the thing that traders are aiming for a bigger profit but somehow, we can't escape from losing sometimes for the market isn't in our favor all the time. Now, we have to understand that every single opportunity like having a 5% daily profit is a blessed day for us. We can't be all greedy always like we have to aim for a bigger profit as this will cost us.

I could remember how I miss the 2017 market rally, I thought it keeps on growing to neglect to think about selling when Bitcoin reach $20k, it is mess and I dare not to let this things happen again as I'd never hesitated to sell once get some profit. 
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August 06, 2021, 04:28:53 PM
 #112

It's easy to enter with good entry point but the challanging thing is taking profit before a retracement and most of the times this retracement could be a beginning of a new trend changing a winning trade to loss.
If you're trading on Futures, don't ever allow a winning trade turn into loss because of your high expectations of it to give you an exaggerated ROI. Take your profit and run. Watch and wait for a better entry to make a come back. Most times it's greed that makes traders allow such a situation to hit them, and not because they don't have the knowledge of TA. You risk your capital doing that as margin call can happen at any time.

Have you considered taking profits of $1-3$ repeatedly throughout a trading session it might sound small for professional traders but it would go along way in growing an account most especially for beginners
It's better to allow profit run than cut it short because of fear. Picking small winnings repeatedly can be wiped off with a single loss. Fear of losing isn't supposed to be something to consider for traders who want to cash out successfully. Professional and successful traders don't trade with fear in mind.
I was interested in learning how to conduct Futures trading, but I've heard that it's quite risky. When high risk is involved, it's safer to just collect your profit and go. I've faced the same conditions when investing in DeFi projects, despite the greed to earn more, I had to collect my earnings and withdraw, turns out that it was for the best.

 
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August 06, 2021, 05:37:36 PM
 #113

I like to take profit minimum 20$ when my investment is 1000$+. But if token has high chance to go hig like 60% then after ever 10% i like stoploss.
Its better to wait after entry to gain minimum 20% of totak investment.

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August 06, 2021, 06:59:39 PM
 #114

I like to take profit minimum 20$ when my investment is 1000$+. But if token has high chance to go hig like 60% then after ever 10% i like stoploss.
Its better to wait after entry to gain minimum 20% of totak investment.
I have set out Trailing Take Profit (TTP) most of the time to protect my profits if i do see some continuous rise and yes 20% of your capital would be a considerable target for you to pull off.

You wont necessarily need to take profit when you do gain $1-$2 because that would be still not worth considering on the fee takers and makers which it wouldnt really be worth if you are actively doing it.

Actually this do really depends on someones decision but if you do really based up with calculations then you would really able to realize which is worth.

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August 06, 2021, 11:06:50 PM
 #115

Yes, I hope We can get profit every signl trade.Profit is profit no matter how It's small or big amount. Another side lose is part of trading. We can Learn to lose trading. Learning and working makes good trader. You need to more patience for trading.
Signal?

You don't need that actually if you're trading. You need indicators and verify them if they are really going to work out.

As part of trading, you'll be taking the profit always at your very good trades.
We do have the common goal which is to make profits but not all would be ending up on having same decision on when they would be taking their profits.Some would be re-rolling their profits and some would
secure it right away for faster ROI.

It does depend on the risk you can take and as long you could make money out of your trades then its up to your own decision on when you would be taking those.

We have different level of risk management so these things will really be varying or do ending up on different situation.
Yeah, it will vary as per the trader.

But to me, I'll choose those take my ROI faster if it's possible and won't allow to trigger any greed that shall come if I'm already in profit. That's where many traders are going wrong.

They are already in profit but they choose not to take it with the hopes that it will give them more profit so they choose not to sell but the opposite occurs.

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August 06, 2021, 11:14:46 PM
 #116

This is another vital point we should take seriously, most newbies don't even think of it! There are all just after pulling out big profits with little capital which isn't supposed to be so, slow and steady is better than going so fast and crashing along the line. This should be taken more seriously building a portfolio requires consistency, effort and patience, so taking the little profit from time to time is better than going to chase the profits that aren't foreseen, it's just like throwing a gold while picking stones, no matter how little take the profit when it reaches your target.

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August 06, 2021, 11:24:20 PM
 #117

This is another vital point we should take seriously, most newbies don't even think of it! There are all just after pulling out big profits with little capital which isn't supposed to be so, slow and steady is better than going so fast and crashing along the line. This should be taken more seriously building a portfolio requires consistency, effort and patience, so taking the little profit from time to time is better than going to chase the profits that aren't foreseen, it's just like throwing a gold while picking stones, no matter how little take the profit when it reaches your target.

Make sense, but depends from the type of attitude a trader have, most newbies are after big gains in a short

span of time, making them to commit mistake and lose their money along the way. It's better to learn more

deeper and try to find best strategy for your long term journey into this industry.
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August 06, 2021, 11:51:12 PM
 #118

This is another vital point we should take seriously, most newbies don't even think of it! There are all just after pulling out big profits with little capital which isn't supposed to be so, slow and steady is better than going so fast and crashing along the line. This should be taken more seriously building a portfolio requires consistency, effort and patience, so taking the little profit from time to time is better than going to chase the profits that aren't foreseen, it's just like throwing a gold while picking stones, no matter how little take the profit when it reaches your target.

Make sense, but depends from the type of attitude a trader have, most newbies are after big gains in a short

span of time, making them to commit mistake and lose their money along the way. It's better to learn more

deeper and try to find best strategy for your long term journey into this industry.
Majority would really be minding about faster roi but without minding that they are really making it long if they would really be having that kind of trading taking profit behavior.

Taking profits isn't bad since this is our primary target but just same as mentioned above that always remember about the fees.It would just pile up and accumulate which it would
really be a significant amount if those would be done on longer periods of time so you should really watch into that.

R


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August 07, 2021, 06:42:30 PM
 #119

I learn from my experience how bad my way when trading or receiving from bounty campaign and airdrop project, always hold and never try to sell and get profit until all my coin assets holding not have value.
I also got misguided like that in the past when I was actively bounty hunting by the times of 2016 to 2018. With respect to all other coins except bitcoins, it would be always a good practice to go for profit booking at time to time rather than holding and then getting disappointed. At the same time, I am not recommending to book profits for bitcoin unless otherwise you are an active trader and not minding about long term holding.

Because, with bitcoins, people are making more money if they go for long term holding rather than being an active trader. Moreover, to beat a long term holder by active trading, we must need more stronger TA and FA skills.

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August 07, 2021, 11:22:04 PM
 #120

I learn from my experience how bad my way when trading or receiving from bounty campaign and airdrop project, always hold and never try to sell and get profit until all my coin assets holding not have value. I think with trading better to sell when raise higher price and take profit above 5% or 10% without waiting until 100%. This better way if got little profit than have hold later without unknow when our assets back to higher price again.
100% is unknown because talking about peak prices is always been questionable which you wouldnt know if a coin would hit that up or would really be just good on the time you had sell out.

So this is a matter of risk taking into someone who had made out some investment or did get on some sources like yours which you do get from bounties which you do earn out of those efforts
or work that you have done.
ATH is undetermined which means you dont have the idea on what would be your target but since we could create on our own depending on preference then you can picture out
or set your own.

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