Always take profit

[rosebrand]

Refusing to take profit has really ruined some traders, most times jumping into a trade isn't t the most important, our greed blinds us from seeing that a trade has made profit and that we should leave the trade, instead we keep chasing more profits. Just like holding a gold and keep picking stones. As a good trader we are supposed to trade with target and when our target hit we exit trade, to be a successful trader greed shouldn't be part of us.

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[Shasha80]

Refusing to take profit has really ruined some traders, most times jumping into a trade isn't t the most important, our greed blinds us from seeing that a trade has made profit and that we should leave the trade, instead we keep chasing more profits. Just like holding a gold and keep picking stones. As a good trader we are supposed to trade with target and when our target hit we exit trade, to be a successful trader greed shouldn't be part of us.

Several times I missed the opportunity to get profit, because I was delaying to take profit, because I think the price of the coins can still go higher.
It turned out that unexpectedly the price suddenly dumped, and that's because I'm too greedy to get a bigger profit. I agree we have to trade according
to the plan we have set from the start, this means that if the coins we have bought reach the sell target we want, immediately sell the coins.
So that we don't lose the opportunity to get profit, we really have to be disciplined when trading.

[jaberwock]

Knowing when to enter or trade is not as easy as you think it is, even without the right strategy you might still end up buying at the high price, taking profit is always kinda difficult since emotions are normally involved, you might find it hard to take profit cause you feel like the market might continue pumping and you might gain more if you if still hold that position, taking a $1 profit isn't a great idea either, although I know it depends on the capital used for that trade, but taking $1 profit just doesn't seem right,

I completely agree with you on that $1 take. It's quite a wastage of time to take such small profits and call yourself a trader. I can understand if the market was crashing and you took small profits hurriedly in fear of losing everything but you cannot just set goals of earning $1-2 from trade because it's just a waste of time and one shall find something better in life.

It is much better to work for some bounty campaigns and put your efforts there to get a much better chance of earning decent tokens. In fact, there are many service seekers who will pay a few bucks for a basic hour-long task or even less.

[Wind_FURY]

From reading all of the posts, I believe many people who replied in the topic has not tried to trade very seriously, or doesn’t keep a record of their trades WITH the accompanying fees after each buy and sell made in an exchange. It will honestly be hard to take those people seriously.

[isaac_clarke22]

~

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.

Actually that's a bit of "okay" already for me when converted to my local currency. I only got cents when I day traded back and never got into single digit, but if I could have build that 1-3 USD, I might have focused into trading more than in my job but I know that is a bad decision.

[Mahanton]

From reading all of the posts, I believe many people who replied in the topic has not tried to trade very seriously, or doesn’t keep a record of their trades WITH the accompanying fees after each buy and sell made in an exchange. It will honestly be hard to take those people seriously.

This is what i had observed and if they are just too active on doing making some pull or securing  profits on $1-2 profit then it isnt really worth on doing that since
maker and taker fees could really be hurting once it would be accumulated that for a long period of doing constant buy and sells.You would really be finding that you
are losing that much instead on making profits.

You might be looking that you are in positive but once you do check out your portfolio or balance then you would able to realize that you are definitely doing wrong
or really that too much active without minding the deductions.

[Findingnemo]

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.

Keeping your trades less risky with low profits margin and investing back the profits you made again into your next trade can theoretically can make more profits in paper but how long you can be doing 100% perfect trades?

You can never exit that trade at perfect point because it relies on the future cryptocurrency price movement.

[Bollexz1]

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.

Matter of fact, taking profit doesn't only applies to the traders, it involves the hodlers too. Hodlers should try and be applying profit taking in every of their investments. After all, doing so won't kill as you probably would have locked-in little gain.

For example, if you invested on a project with 10$, and the project shoot up to 30$, lock-in 20$ and try to leave the remaining 10$ worth for short/long term. By doing this, you've taken profit and still an investor on that particular project.

In respective of whatever trade you're taking or investment you're buying, embrace taking profit so as not to lose it all.

✌️

[AliMan]

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.

I considered everything as long as I got profit all the time, but it came out that regretful when I reviewed all my previous tokens. The situation went so frustrated as I saw it raging around $0.12 in price, yet I bought it through cheap value at around $0.02 last year. What makes me more emotional, is the  increasing value of my past tokens which I failed to hold just for quick profit that I put into urgency.

[Ryker1]

Well, that is not bad at all,  earning a net income of $1-2$ per session is not bad at all and if you can able to manage your profit continuously that is the best part of making a profit here. But I don't think if you can do that continuously, there is no guarantee that you can always have a winning per session. In trading, you need a large capital so that you can widely choose a good project that you want to pick and trade if you can do those, not only $1-2$ per session that you will get --this was mean that the high amount you risk the possible high of good return that you will take.

[BitTraderCute]

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.

did you calculate the trading fee that occur in every trade? how much fees will spent if we make multiple trades , isn't more risky if compared with one shoot trade with high validation signal from chart ? personally i will trade with 1-3$ only , risk reward ration is not logical at all. you must do calculation about risk and ration that will taken , it is very strange our target only 1$ but risk that may occur 100$ ..

From reading all of the posts, I believe many people who replied in the topic has not tried to trade very seriously, or doesn’t keep a record of their trades WITH the accompanying fees after each buy and sell made in an exchange. It will honestly be hard to take those people seriously.

they didnt thinking about how much risk taken for only $1 profit and how much fees will spent .

[romero121]

Taking profit is a good choice when you're new to the trading practice. Little by little you need to try to take back the capital investment amount. When it comes to trading you need to take risks, because taking away the profit and leaving the capital could diminish the profit rather than increasing the profit. If the profit is reinvested, depending on the market progress you'll be profited. Everytime market changes won't happen as we predict. We need to be active and increase the holdings, which is the basic through which one can profit while the market turns bullish.

[Lanatsa]

Profit is profit and this what matter most but we should consider on how much fee would be deducted out of those profit.Try to see if its feasible or sensible to do so because we cant really just make out

close orders too fast and just like what others been saying about the fees which is definitely true.You cant just earn $1 in whole amount if you are tending to make some sell.

Platforms or exchangers do have specific fees on every actions you would make.

[checkmatesir]

As i say you should take a small profit but that should be profit. And try to save yourself from loss as much as you can because whenever there is a change in market there would be some profit or loss and at that situation you should take even a small profit but don't be in loss.

[perfect999]

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.

Yup, it’s very important to take your profit before the market goes down.
But, you can’t tell when the market is going to crash again. It is now up to you to know what you really want.

You can decide to set a target that you think will be okay for you to take profit and when the market reaches that level you can decide to take your profit, or if you feel that the market is still going to keep increasing, you can just take a bit of it and leave the rest as you continue to watch the market. Anyone who is trader always has to be watching the market steady so that you won’t lose. You can set your stop loss as well when you’re trading to limit the loss.

[GeorgeJohn]

I haven't considered taking profit with the example amount of how much you should take in profit. That's low and others would think of the same because we're all for a decent profit.

Not that small but not that big as well but considerably to boast as a profit that we've made in trading. But you're right, profit is profit regardless of the amount you've taken than to take further losses.

In actual sense the Genesis and happiness of trading is a profit, no one can be happy when is getting lost always, so for the happiness and more research approach to be continue via trading showing that the trader is at positive side, you have to bring out your profit without hesitation, because a little delay might cause or wipe away  both the profit and the capital, so no matter how ambiguous, quantity, large or small a trading profit is, "bring it out" don't allow it  to accumulate before doing what's obtainable. Shall in this trading aspect some people actually have a specific target that comes to their mind before going for any trading.

[Boov]

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.

Short time trader do earn quick profit now, and while btc was trying to catch-up another bounce the traders seem to be so aggressive to grab their profit. Eventually, buyers also take every bids as demand continuously undertaking. But for those long term holders, patience is their only motivations before reaching success.

[imstillthebest]

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

i think it was the professional that do that or those people that are in trading because they know that its hard to profit in a volatile market so instead of waiting for a long time and a possibility of another decline they just work there way up collecting smaller amounts and it was the newbies that dont have enough knowledge but are too ambitious and wants big profits but they fail to get it .

[Kittygalore]

Not everytime because there are times when you have to be smart and a bit greedy and patient especially when the prices are continuously going up, you have to wait for it to go up to what you think is the highest peak of that time and try to sell it at your guessed point so you can make a lot of money. Some common sense can help you especially during times that you have doubts on whether taking the profit or not.

[Cling18]

I don't think taking small profits all the time would be ideal but will still depend on the trader's skills and understanding of the market. I would prefer to take huge profits one at a time so I'll get a better amount. We could actually be a short term trader or a long-term holder depending on our comfortability. We could apply different strategies as long as we're gaining profit.