Always take profit

[Ultegra134]

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.

I didn't have the same experience when holding tokens. Sometimes, it's best to sell them at an early stage, due to the hype they create when they first launch. I had two different tokens, which had some kind of value when they first launched, I decided to hold for a while, but then I forgot about them, their value was zeroed.

[TheGreatPython]

Sometimes, it's best to sell them at an early stage, due to the hype they create when they first launch. I had two different tokens, which had some kind of value when they first launched, I decided to hold for a while, but then I forgot about them, their value was zeroed.

For most of the altcoins and tokens, I agree that taking profits as early as possible must be a good thing. IF we go for waiting then we will lose value and I have few coins and tokens which finally got delisted from exchanges hence now I am unable to encash them. So, taking profits time to time in this crypto space is more important.

Some people do argue like the December 2017 must be a right time to take profits for all bitcoin holders so that they could buy back by December 2018. In some sense, they are all right but being a long term holders, I never plan for long term/short term trading of my bitcoins.

[Cherylstar86]

Sometimes, it's best to sell them at an early stage, due to the hype they create when they first launch. I had two different tokens, which had some kind of value when they first launched, I decided to hold for a while, but then I forgot about them, their value was zeroed.

For most of the altcoins and tokens, I agree that taking profits as early as possible must be a good thing. IF we go for waiting then we will lose value and I have few coins and tokens which finally got delisted from exchanges hence now I am unable to encash them. So, taking profits time to time in this crypto space is more important.

Some people do argue like the December 2017 must be a right time to take profits for all bitcoin holders so that they could buy back by December 2018. In some sense, they are all right but being a long term holders, I never plan for long term/short term trading of my bitcoins.

Indeed. Selling it early will possibly give you profit. You might earn profit by selling it early but you can gain a small percentage on it. You need to have strategies and techniques on doing this especially market prices is not stable. Sometimes, it experiences downfall and sometimes market prices will boost and increase. If you want to wait until prices goes higher then make sure that the coins you are holding is worth the wait. Because sometimes other coins and tokens lose value and finally got delisted. If your not sure that those coins is good for long-term then selling it time to time in crypto space is very important.

[UserU]

Some people do argue like the December 2017 must be a right time to take profits for all bitcoin holders so that they could buy back by December 2018. In some sense, they are all right but being a long term holders, I never plan for long term/short term trading of my bitcoins.

Many that joined the 2017 bullrun were a little too late to realize their profits. They thought it would go beyond 20K when it suddenly crashed.

[Karish2return]

As i have to tell you something about trading that we don't know about the coins and except predictions we can't do anything and we can't say 100% surely about the coins but we can predict and after predictions we should get profit whether it may be small or big but it should be profit, we don't have to be greedy at all, otherwise we can lose that profit too.

[zanezane]

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.

Depends on the airdrop, now most coins that gets airdropped are totally worthless no matter how much you wait and hodl on to it and the last thing you know, you're the only one is hodling it. I don't advice to take profit if it doesn't make a lot of money.

[Niraj@123]

I think those who have bought BTC at 29k-35k need not to take profits so quickly.

[chikading2016]

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.

Well in my opinion I think it is good if you will get a small amount repeatedly because at the end of the day it will end up like a big amount of profit. So I think there is no issue about it small profit and big profit is the same profit so we need to grab it, many of us loss because we wait for a big profit but at the end we loss.

[Tervelatuk]

Well in my opinion I think it is good if you will get a small amount repeatedly because at the end of the day it will end up like a big amount of profit. So I think there is no issue about it small profit and big profit is the same profit so we need to grab it, many of us loss because we wait for a big profit but at the end we loss.

consistent is the key for our trading resul, never underestimate with small amount.When we accumulate this profits for years i am believe if could be huge number. huge or small profit should be our problem , we only need to concern about how to generate profits consistently.

[Hamphser]

Well in my opinion I think it is good if you will get a small amount repeatedly because at the end of the day it will end up like a big amount of profit. So I think there is no issue about it small profit and big profit is the same profit so we need to grab it, many of us loss because we wait for a big profit but at the end we loss.

consistent is the key for our trading resul, never underestimate with small amount.When we accumulate this profits for years i am believe if could be huge number. huge or small profit should be our problem , we only need to concern about how to generate profits consistently.

Small amount of profit but when its accumulated then it would really be that significant in longer run but there are lots who dont like to go into this process but instead they would really be rushing up on going or getting

high profits directly without minding the risk of losing and that do results on rushing up decisions this is why consistency and sustainability should really be your main priority.

You should take profit but of course it would be better if you do make it on bulks to save up on the fees.

[Vaculin]

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.

Depends on the airdrop, now most coins that gets airdropped are totally worthless no matter how much you wait and hodl on to it and the last thing you know, you're the only one is hodling it. I don't advice to take profit if it doesn't make a lot of money.

It was lucky for those who join airdrop if that coin/token has a market value because base on my experience and what certainly I see nowadays, they are not even listed to any exchanges. If that have value already, we better have to sell it ASAP. I just wonder why many people still have the guts to join these nonsense promotions even though they know it doesn't give them the assurance of getting rewarded.

[Issa56]

I believe one of the things that do kill trader's are Greediness I believe you should always learn how to take money even if the money is small there are sometimes you just have to take the little amount and move on because if you still want to be in the trade you might endup losing your money. I believe in Cryptocurrency no amount is to small since is your profit not all coin will make you rich and not all coins will do 2x or 5x. When the once that will do 5x come you have to take it and when the once that will give 1-4$ come you still have to take it and move.

[jossiel]

I believe one of the things that do kill trader's are Greediness I believe you should always learn how to take money even if the money is small there are sometimes you just have to take the little amount and move on because if you still want to be in the trade you might endup losing your money. I believe in Cryptocurrency no amount is to small since is your profit not all coin will make you rich and not all coins will do 2x or 5x. When the once that will do 5x come you have to take it and when the once that will give 1-4$ come you still have to take it and move.

Greed will stop the common traders to take profit.

You'll aim for more and higher profits that you might think you can rake easily. But that's not the case, for professional traders, they know what they want and how much that they are satisfied with.

They know when to take profits even it's lesser than their expectation as long as they have made gains on it.

[sulendra12]

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.

Keep in mind, you have to pay the fee for every trading session you make. It's a small fee but when the case is only $1 profit then you would not gotten $1 by at the end of your trading session if you do it continuously. It's a good practice to take a small profit and help you if you are a greedy person but I don't think it's applicable on every session.

[Ultegra134]

Sometimes, it's best to sell them at an early stage, due to the hype they create when they first launch. I had two different tokens, which had some kind of value when they first launched, I decided to hold for a while, but then I forgot about them, their value was zeroed.

For most of the altcoins and tokens, I agree that taking profits as early as possible must be a good thing. IF we go for waiting then we will lose value and I have few coins and tokens which finally got delisted from exchanges hence now I am unable to encash them. So, taking profits time to time in this crypto space is more important.

Some people do argue like the December 2017 must be a right time to take profits for all bitcoin holders so that they could buy back by December 2018. In some sense, they are all right but being a long term holders, I never plan for long term/short term trading of my bitcoins.

Indeed. Selling it early will possibly give you profit. You might earn profit by selling it early but you can gain a small percentage on it. You need to have strategies and techniques on doing this especially market prices is not stable. Sometimes, it experiences downfall and sometimes market prices will boost and increase. If you want to wait until prices goes higher then make sure that the coins you are holding is worth the wait. Because sometimes other coins and tokens lose value and finally got delisted. If your not sure that those coins is good for long-term then selling it time to time in crypto space is very important.

The same thing also happened to me, a few weeks ago, when the Iron.Finance platform was hacked. I unstaked my coins and received a few Steel in return, it wasn't worth much at that point, but it was still worth something. I sold every single coin and the next day, its price had plummeted. It's best to sell quickly if some coins/tokens don't look too promising.

[Maxine4466]

I have tried that strategy before but I found it really drab to me. It entails time and energy for you to look at the price, figure out the prefect time to buy and then you need to find an appropriate time to sell.
If you yearn for just several dollars, you can sell in a few hours or even minutes, but it turns out to be not worth your energy, "Do I really need to spend this energy on the few dollars?"
If you hanker for a considerable amount of money, either you invest a lot or you wait for some time, maybe a few weeks or even years. That is risky coz if you invest a lot, it's probably you lose a lot. though the price seems low now, it might slump in the next second; if you need to wait for a long time, then the price is more unpredictable!
always taking profit sounds like a good idea, but I really don't recommend it

[acquafredda]

Buy low sell high, this is the best strategy.
Do not look for over-complicated trading bots, strategy based on exotic indicators or some fancy Wall Street guru technical analysis.
Just buy low and sell high if you want to trade.
Only consider that trading is a job like all others. Be prepared to lose everyhting and ask yourself why only 5% of traders actually gain money while all the rest loses most of their starting sum.

[Ultegra134]

Buy low sell high, this is the best strategy.
Do not look for over-complicated trading bots, strategy based on exotic indicators or some fancy Wall Street guru technical analysis.
Just buy low and sell high if you want to trade.
Only consider that trading is a job like all others. Be prepared to lose everyhting and ask yourself why only 5% of traders actually gain money while all the rest loses most of their starting sum.

Easy to say, hard to implement, it's the basic principle but nothing more than that. It's only theory, and it's hard to conduct in practice. I've traded for quite a while and was successful in most of my trades, managed to make a decent profit each time. However, most times can be unpredictable, and if you're not careful enough, you'll end up losing more in the process.

[Lobson]

Sometimes it is easy to say take profit but greed won't let some of us to do so 🤣🤣🤣

[yohananaomi]

-snip-

Easy to say, hard to implement, it's the basic principle but nothing more than that. It's only theory, and it's hard to conduct in practice. I've traded for quite a while and was successful in most of my trades, managed to make a decent profit each time. However, most times can be unpredictable, and if you're not careful enough, you'll end up losing more in the process.

mistakes made, are something that can be corrected at a later time of course after we analyze it properly. there is nothing that we immediately know and can do well, of course it needs a process, as well as trading in crypto. as long as we continue to learn and correct any mistakes that may occur then we will be able to make a change in all actions and it takes a process and I agree with you that it takes a long time to learn and needs to be quite careful in all actions, because it can make us suffer a great loss.