Always take profit

[rahmad2nd]

I try take profit as soon possible although 5% from my fund and I think is better than become long term holder or investment called by some on group  , right now I try with $7000 in my fund to trade and always consistent after success filled buy order I use limit sell order with price above 5% as my profit, I don't really care later price can pump more than 20% but I think keep consistent although with little profit is enough during we can take profit almost every day or few days without become long term holder.

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[Emitdama]

investment in potential projects and coins is highly recommended and you are right that if you want to make a profit then don't miss out on projects and coins that can clearly be profitable, namely buying and investing your capital to invest in good projects and potential coins.
waiting for the right moment and not being too hasty when the price we want has not been met or when it has been fulfilled so don't be greedy to sell it immediately.

If someone had a target price that they would want to sell at and the market reaches that price, I think greediness in this case would be them not selling their coins and still continue to hope for more increase, and not like you have said it.

Well, I am not trying to say that it is bad to keep holding and hoping for more increase. If you reach your price target and the market still seems like there would be more increase, then you can still to hold and wait to see if there would be further increase in the price. I have seen people who would decide to take a little profit from what they have gotten so far and leave the rest in their wallet in case there should be more of the increase in the price.

[Ziskinberg]

I try take profit as soon possible although 5% from my fund and I think is better than become long term holder or investment called by some on group  , right now I try with $7000 in my fund to trade and always consistent after success filled buy order I use limit sell order with price above 5% as my profit, I don't really care later price can pump more than 20% but I think keep consistent although with little profit is enough during we can take profit almost every day or few days without become long term holder.

A great idea especially if you have good capital, consistently making 5% is possible because of the market volatility, but then you have to be smart enough with how to handle your short-term trading or your day trading in order to end up profitable. You can also evaluate your total profit on a yearly basis and make a comparison to the previous year to see your consistency rate.

[Fatunad]

I try take profit as soon possible although 5% from my fund and I think is better than become long term holder or investment called by some on group  , right now I try with $7000 in my fund to trade and always consistent after success filled buy order I use limit sell order with price above 5% as my profit, I don't really care later price can pump more than 20% but I think keep consistent although with little profit is enough during we can take profit almost every day or few days without become long term holder.

A great idea especially if you have good capital, consistently making 5% is possible because of the market volatility, but then you have to be smart enough with how to handle your short-term trading or your day trading in order to end up profitable. You can also evaluate your total profit on a yearly basis and make a comparison to the previous year to see your consistency rate.

Actually a self preference because not all does have that kind or level of patience when holding up for too long thats why whenever they do see some % gains on their investor or into their port then they do tend to sell
without any doubts and hesitance because profit is always a profit and that what matters the most which i could say that it would really be normal on having this kind of set up or trading ways
even myself i do have that kind of behavior on doing trades. Secure profits while you still can and try to buyback when theres some price correction
or dips which repeat on the same process and make yourself sustainable

[Sirait]

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.

I'm trying to master this, taking a little profit to develop my market intuition. professional traders surely learn this trick too so that they can become professionals and their profit percentage is greater than their loss. for beginners, don't be afraid to learn, let's together prevent losses in trading into valuable learning.

[Pamadar]

I try take profit as soon possible although 5% from my fund and I think is better than become long term holder or investment called by some on group  , right now I try with $7000 in my fund to trade and always consistent after success filled buy order I use limit sell order with price above 5% as my profit, I don't really care later price can pump more than 20% but I think keep consistent although with little profit is enough during we can take profit almost every day or few days without become long term holder.

A great idea especially if you have good capital, consistently making 5% is possible because of the market volatility, but then you have to be smart enough with how to handle your short-term trading or your day trading in order to end up profitable. You can also evaluate your total profit on a yearly basis and make a comparison to the previous year to see your consistency rate.

Yup, if that system that you use really works, the amount of profits is already good if you can execute it appropriately.

If you can have more winning trades, 5% is far better than anything, you don't need to be greedy
and hope for much bigger profits if you are unsure about the market.

Unless you have that deeper knowledge and you are willing to adjust and take the bigger risk, but I'm more on
taking the profit even it is only a small amount.

[Wind_FURY]

I believe many newbies in the topic want trading to be the same as a “regular-paying” job. It’s a mistake in my opinion, and that mistake will cause you to be inefficient with your capital, because it will make you sell early and miss plenty of profits.

[AicecreaME]

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.

$1-$3 profits ain't that bad if you're scalping, but if not, this is too small to be called profit, especially if you spend too much time on a certain technical analysis for a certain coin. Yes, I do agree that taking profit is important because that's what we need to keep on trading but we must not get easily faze by a fake out and take the $1-$3 profit. Setting a stop loss is also important, that would help us to minimize our losses as much as possible.

[taufik123]

-snip-
I used to know how beginners are always tempted by the success of others without thinking about the risks and responsibilities, so it is important to underlie the techniques needed.

Other people they see are only showing off their gains, not their losses. We don't know how big the loss is compared to the gain.
Equipping yourself with basic trading knowledge is a must if you want to trade in crypto. If without any knowledge base, it is impossible to trade. Guessing won't always be lucky.

[fullhdpixel]

I believe many newbies in the topic want trading to be the same as a “regular-paying” job. It’s a mistake in my opinion, and that mistake will cause you to be inefficient with your capital, because it will make you sell early and miss plenty of profits.

You are right for bitcoin market and for most of the altcoin markets, booking profits time to time might lead them achieving what they really want to. I agree that trading nowhere near to regular job but for the skilled traders it will pay more than a regular job. So, regularly booking profits may be a right approach even with bitcoin markets compared to long term holding when you  plan up buying back when bottom reached.

Other people they see are only showing off their gains, not their losses. We don't know how big the loss is compared to the gain.

Similarly traders do hide about their big profits from trading for no reason and might give out only clues. So, both big achievements and big frustrations are not showing off which is the reason why we always have delusional belief on trading which sometimes leads traders to go greedy.