Always take profit

[dezoel]

It is obvious that trying to take small capital is only good for people who have a very low balance, but that is basically not good enough for your gas fee if you are in DEFI world and swaps, and even in central exchange you need to basically make few trades good like that just to have withdrawal amount, may take a whole day of working just for the withdrawal fee. All of this combined shows that if you are poor enough to think 1-3 dollar profit is good enough, then you should probably focus that working hours on something else to earn salary.

There are many very bad jobs out there in the world where you can work and earn a small amount, work in a McDonalds and you can make 500 bucks (even depending on nation, I doubt there are many nations that pay less than 500 dollars in 3 months, there are some but not majority) which means you could gather bigger capital first.

[carlisle1]

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.

Good point, as we can't deny that there are day traders who can do this kind of trading practices.

I would prefer to take huge profits one at a time so I'll get a better amount.

Personally, I go with you. Taking huge amount of money holding in a much longer time, I would like to wait and maximize the profits.

We could actually be a short term trader or a long-term holder depending on our comfortability.

Just know and understand your capabilities, it relies with how you manage your decision-making.

We could apply different strategies as long as we're gaining profit.

We can both combine as long as we are willing to enhance our chances within this venue of business.

[tvplus006]

I agree with you, trading has a strong factor on psychology and managing our emotions, so doing something that makes us feel good is important. If we only focus on making money without any spending it we lose sight of what is important. With our trading profits we can buy something for ourselves from time to time to make us feel better. It doesn't need to be something fancy, a good dinner from time to time can already make a big difference.

I think that for most traders, for whom trading is not their main job, they have an office job and a salary that allows them to support their family. Therefore, such traders reinvest their profits in order to collect really large capital that will allow them to leave their work in the office.

[ven7net]

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.

You know, I also learned to trade cryptocurrency, I tried to fix profits as often as possible in order to understand how the trading system works and to motivate myself for further trading. Yes, this is a small profit, but as for a beginner in trading, it is quite normal for itself, all the more it raises your mood and shows you that all your actions are correct and you have a profit. But after such a run-in, you can raise rates, but here you need to remember about the risks, since the more profit you expect, the greater the risk of losing it.

[conected]

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.

You know, I also learned to trade cryptocurrency, I tried to fix profits as often as possible in order to understand how the trading system works and to motivate myself for further trading. Yes, this is a small profit, but as for a beginner in trading, it is quite normal for itself, all the more it raises your mood and shows you that all your actions are correct and you have a profit. But after such a run-in, you can raise rates, but here you need to remember about the risks, since the more profit you expect, the greater the risk of losing it.

- I hate the constant fixation and taking profits at small profits, although this will be the ultimate happiness for new traders but they can't preserve this principle all the way through as many people think this market opportunity is a lot but when summed up, the number of chances to win each year is very meager, need to increase profits and stop the principle of a few dollars profit to deserve many other rewards

[ShowOff]

Have you considered taking profits of $1-3$ repeatedly throughout a trading session

No, I wouldn't consider this method but it might be good for novice traders who are learning. In addition, I think day traders are traders who are quite accustomed to prioritizing relatively small profits compared to long-term traders. Although I am not a professional in trading, but I am not interested in taking $3-$5 profit per session. There may not be anything wrong, it's just that you need more time to see the price movement.

[RealMalatesta]

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.

This actually reminds me of the crash game we play at crypto casinos. It's all about greed management and actually one can learn greed control by playing that game even if for fun and with play money or negligible amounts. The rocket starts and you decide when you want to cash out because too early means you missed a big chance of multiplying the bet and too late means you got too greedy and lost everything.

The same can be applied here in crypto trading, you wait for the profits for too long and might end up regretting while at the same time you don't want to exit the market too quickly because everything was setup right for you. At least in trading you can partially cash your profits and setup stop loss so take advantage of those things.

[lablab03]

Op you can actually make profits depends what amount you wanted to trade in the market.. And that $1-3$ for sure you have small capital that's why you can only get such estimate price despite of the situation.. I agree that it's to difficult now to earn a massive profits but yeah there's still opportunities to win from trading which a chance to make good profits even just short term, but of course you need a big capital so that you can make a good return after as well.. Not small capital coz its a waste of time when doing short term..

[lalabotax]

I think it is no problem if we will take profits at that rate. Moreover, it will depend on the amount of our capital. sometimes, I also take profits at that rate because I only have a small amount and although it is small profits, if it is continuity, it can be big,
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.

[kawetsriyanto]

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 don't know how much the capital is, but to be honest $1-3$ is a too small profit. In my opinion, at least you can earn above $10$ for a single coin you trade daily. Usually, I use about $50 - $200 for daily capital buying 1 crypto coin. If my target is only $1-3$, it seems just wasting my time a day. Our efforts in trading should be appreciated better, below $5 seems very unworthy.

[stomachgrowls]

I think it is no problem if we will take profits at that rate. Moreover, it will depend on the amount of our capital. sometimes, I also take profits at that rate because I only have a small amount and although it is small profits, if it is continuity, it can be big,
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.

When you do it consistently even inspite of the losses then it would be still considerable to make your capital big until you do make some compounding which would really be the best if you are just a small scale trader.

Taking profits should be your main goal or priority but also mind of that there's always a corresponding fee on every sell or buy that you would make.Therefore, there would be deductions which will really be
accumulated on even though on small percentage deductions but it would be significant later on as you do continue.

It is really on someones own ways on how he would sustain this market even though he's aware on the fees but still as long it could give out greens into his port then that what
matter most.

[Clavulanic]

I think it is no problem if we will take profits at that rate. Moreover, it will depend on the amount of our capital. sometimes, I also take profits at that rate because I only have a small amount and although it is small profits, if it is continuity, it can be big,
I always believe that from small, it will be bigger. I never think to take the profit greedily so that it is not too risky because sometimes we may be too greedy and we can lose our money.

That's a human instinct to protect our capital because of fear of losing huge amount of money, but it's just alright to be greedy at least for our benefits. Personally, I've also with that experience last time when my tokens got so high in value but due to green I failed to sell them because of huge expectations that $1 can be attained one day. Greed not only exist by the time you decide to sell all your asset but also you're green for an opportunity that's not yet happening.

[Yamifoud]

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 don't know how much the capital is, but to be honest $1-3$ is a too small profit. In my opinion, at least you can earn above $10$ for a single coin you trade daily. Usually, I use about $50 - $200 for daily capital buying 1 crypto coin. If my target is only $1-3$, it seems just wasting my time a day. Our efforts in trading should be appreciated better, below $5 seems very unworthy.

For the expert, it was so easy I think but for the newbies, I can tell it is surely difficult for them or even to lose more rather than making a profit. Making $1-$3 is not really satisfying for me, wanting more is our target, and tend to make ourselves greedy but it finds to be natural since we all have a dream. Spending 10 hours a day in trading for example and then just get $3, not just a waste of time but it sounds like we are not good at trading and we need to find a way to improve.

[jeha2015]

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.

we have to comparing our profits target with risk that we have to face, money management teach us to use proper ratio between risk and profit. we should not open trade when risk that occur bigger than profits potency, it could not make us survive in market if our loss position have bigger amount.

[rhodelmabanal]

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.

People loss a huge amount of profit or even capital in crypto because of greed, I experience it last bull season on year 2017 i was holding so many altcoins and i don't take any small profit because I want big profit, we all wanted a big profit no one can deny it, because most of the people is greedy. But for now I learned a lot from my mistake and I slowly take even small profit small and big profit is almost the same and it is better that we can earn small than nothing.

[adzino]

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.

Yeah, I don't think its worth the effort you will be putting to take $1-$3 profit. Sure, it might stack up to some good amount if you keep on doing it, but don't you think it would be better utilization of your time if you do something more productive that will be giving you better profit? As long as you are not selling when you haven't reached your profit goal, everything is fine! Keep holding. In the long run it will pay off.

[Golftech]

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.

we have to comparing our profits target with risk that we have to face, money management teach us to use proper ratio between risk and profit. we should not open trade when risk that occur bigger than profits potency, it could not make us survive in market if our loss position have bigger amount.

That's valid! if you don't see the value of profits compared with the risk that you'll going to take either to take a small

investment or forget about it, it's very important to know how will you balance the risk, more on good money managements

that will drives you to earned decently with much lesser risk to take.

[Gosgosking]

Absolutely true. It's not too cool to add profit to capital while trading, its as if you are putting all your eggs in a basket and it's risky, it's certain that trading is all about risk. There must be risk management. Which is risk must be managed by always take the profit

[Ziskinberg]

Since I am not a professional trader who applies some rules in profit taking, so it will be very difficult to say how much profit should be taken from each selling session. We realize that what we do is still far from being a professional trader. But regardless, as long as I don't lose big and still earn even a little, it's much better than taking losses early.

Actually, pro traders don't look much on how much they can make money from a short trade as this was hard due to the volatility of the market but they are taking a chance to have more in long-term trading. That is why, if you are just a newbie and impatient person, trading will really hard for you, and the possibility is that you can't able to manage your emotions and getting bored leading to losses.

[danherbias07]

I've done this before right after I installed the Binance android application. It's just too much work and effort if it is not automated. That also means monitoring the market every minute to take the profits if the movement has the volatility of $1-5. But I tell you, it gets stressful in the long run like you'd rather take a day job than do this over and over again. Repeated days will make you worry into where it will go so you will rather take the longer periods with higher profits than this method. But you are right, it's a good start point to learn then go for higher numbers after you master it.