Just a piece of advice needed here folks

[Kasabus]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst.

Might not be as easy as you may think that it is. For you to be able to make better profit from the market requires a lot of proper planning and having a good level of patience, because if you don’t have the level of patience that’s required, you might keep selling all the time and missing out on the main bigger profits.

I will advise you to learn to have patience and wait for the market to increase before you can start selling your coins. Yes it wouldn’t be to sell whenever you want it, but try to keep some part of that money for a long term if it’s possible for you and see what you can achieve with it.

Of course trading without patience will be very impossible to come up with profits. The market will always have unpredicted conditions and when you think its time for you to sell your coins, then the market suddenly dump. If you don't have patience, you will eventually commit frequent losses.

However, the best solution i think to address your problem is have your own trading plan before you go into trading. Set a price target when to sell, and even if it has reached already and you see the price keeps increasing, just stick to your plan. Your greed will sometimes bring you into losses when you think of not selling because you still aim for higher profits, and then the market price suddenly dump. Eventually, you end up losing than taking profits instead.

[wxa7115]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

I think the first question that comes to my mind is what is your current strategy to take profits from the coins in which you have invested?

Something tells me that you do not have a clear strategy about what to do under those circumstances, however do not despair, at least it seems that you can select good projects with certain regularity otherwise you will not ask that question so you are already doing well, one exit strategy is to set yourself a goal and then sell no matter what, but you run the risk of missing a huge bull run, another strategy is to sell after the price drops a specific percentage after an ATH so you keep most of the profits you got during that movement.

[milewilda]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

I think the first question that comes to my mind is what is your current strategy to take profits from the coins in which you have invested?

Something tells me that you do not have a clear strategy about what to do under those circumstances, however do not despair, at least it seems that you can select good projects with certain regularity otherwise you will not ask that question so you are already doing well, one exit strategy is to set yourself a goal and then sell no matter what, but you run the risk of missing a huge bull run, another strategy is to sell after the price drops a specific percentage after an ATH so you keep most of the profits you got during that movement.

Actual experience on which he would able to realized things and this is the time he would really make out some learnings and been aware on how this market works and we know that taking profits do certainly vary on how well we do make out investment decisions here on this market and this isnt something simple that you could deal off with.Just learn up the basics and terminologies
and other definitions and the rest would be eventually learn as you do progress by.You can read up some advises but honestly you could learn up for yourself without the need
of those words and making yourself self learn on things around.

[nelson4lov]

The bad consequences are connected with lack of trading plan, you have to find the reason why you keep playing with small time frames while big money is on higher level charts. Usually having trading plan and decent money management will not let trades go underwater. Market circumstances changes each year you have to adopt your trading plan accordingly.

Ideally, if you fail to plan, you're definitely planning to fail. It doesn't just apply to crypto trading, any other trading but also to other areas of life. OP's major problem is that he doesn't quite know when to call it quits and it's because he didn't have a trading plan before opening those positions. If he did, he would have had a entry and exit strategies already made for every position.

[adzino]

During trading no one knows "when is the right time" to sell or buy. You just predict what is going to happen next. To do this, you need to keep yourself updated with the market. You need to know what's going on and what is going to happen next with the project. You need to read the charts and the indicators (moving average, relative strength index, Fibonacci retracement and so on). You those information to know what to do next. But don't forget, crypto market is very unpredictable and you shouldn't be surprised when you see the exact opposite of what you think might have happened.

[Hippocrypto]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

If you seen your asset didn't prosper well despite of long years of waiting long terms, don't risk your life over it. Diversion unto something much profitable is the best options to do by now. Just like my experiences, I've been through tough times of failures on shit projects and even cryptocurrency assets. So in order to cope up up with frustrations, we can divert on other certain choices just to sustain our profit gains.

[jerry0]

Do most of you have a percentage goal such as okay it hits x amount, then cash out?

[ItsCrafty]

In trading, I really like one thing that is the way someone is going to learn something and ask something if he didn't have idea about the thing, You should at least follow new strategy for the trading you had applied early for which you have to learn and make new trading strategies for yourself which only suits your trading and can give you a profit.

[otundebis]

Firstly,  altcoin trading and investing is a bit more risky,  you could buy a useless coin that could have been promising at beginning but you will realize along the way that it was a planned rug. If you are not investing in bitcoin,  you may have nothing to show for your trading activities.  If you are going to invest in altcoin,  choose the established altcoin.  Secondly,  you must have a  detailed plan on your investment,  from entry price to expected return you aiming for.  You should also be able to trust yourself to follow the plan to letter. 

[martina14]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

You supposed to have a goal target here in crypto trading dude, then second you must also know in which are you belong is it Day trader
or long term trader something like that. Aside from this matter, you must know how to choose the right altcoins to invest in here to this kind of
business industry too. Just always have a self-discipline and be patience at all time especially when times of bullish or bearish.

[wxa7115]

The bad consequences are connected with lack of trading plan, you have to find the reason why you keep playing with small time frames while big money is on higher level charts. Usually having trading plan and decent money management will not let trades go underwater. Market circumstances changes each year you have to adopt your trading plan accordingly.

Ideally, if you fail to plan, you're definitely planning to fail. It doesn't just apply to crypto trading, any other trading but also to other areas of life. OP's major problem is that he doesn't quite know when to call it quits and it's because he didn't have a trading plan before opening those positions. If he did, he would have had a entry and exit strategies already made for every position.

Any strategy that does not tell you which markets to trade, when to trade them, when to buy and sell and how much money to put in every single position that you take is incomplete.

Most of the time when we see a person losing money this is because whatever strategy that they are using is not complete and they had to improvise in a critical moment, and believe me that is the moment when you do not want to try to figure out what the market is going to do, that is the moment when your strategy should tell you exactly what you should do and if this is not the case then it is time to go back to drawing board.

[Kelvinid]

The bad consequences are connected with lack of trading plan, you have to find the reason why you keep playing with small time frames while big money is on higher level charts. Usually having trading plan and decent money management will not let trades go underwater. Market circumstances changes each year you have to adopt your trading plan accordingly.

Ideally, if you fail to plan, you're definitely planning to fail. It doesn't just apply to crypto trading, any other trading but also to other areas of life. OP's major problem is that he doesn't quite know when to call it quits and it's because he didn't have a trading plan before opening those positions. If he did, he would have had a entry and exit strategies already made for every position.

Any strategy that does not tell you which markets to trade, when to trade them, when to buy and sell and how much money to put in every single position that you take is incomplete.

Most of the time when we see a person losing money this is because whatever strategy that they are using is not complete and they had to improvise in a critical moment, and believe me that is the moment when you do not want to try to figure out what the market is going to do, that is the moment when your strategy should tell you exactly what you should do and if this is not the case then it is time to go back to drawing board.

Losing is the consequences we get from our doings, strategy, and also it comes from decision making. We can't picture out what will be happening next and even having TA is not enough to avoid losses. That is why we should have to be prepared for anything either we lose or not, it is a part of the game and this is also the reason why we have to enhance our skills and why not stop searching and gathering more trading ideas. However, all of these things guaranteed nothing as there is a time that we lose unintentionally due to the volatility of the market.

[King Raymond]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

This is very common with new traders. It's often a result of hoping too much from a particular coin. When the expected doesn't happen, or maybe goes sideways, you may waste time before finally making off late. It can also be lack of target. You have to set price targets for each coin you purchase.

You mentioned long term investment and altcoin. In my opinion, if you are doing long term investments, it should be with the popular coins. It has little risks with better potentials to earn you more, since you'll be holding for long.

[Hippocrypto]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

[bamb]

You need strategy for taking profit. You have to be clear about your expectations and measure your expectations against the potential and the ability of the coin you are invested in.  Having noted all of this factors, you can then set a plan of action on each milestones, you must know what you will do when there is a profit or when there is a loss!

[sana54210]

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

I have a friend like this. He knows how much he will invest at what price, he knows what he will do when it drops to a certain price, he knows what to do when it goes up to a certain price. Dude managed to actually make a profit AND still have coins at the same time. This happens when the thing you invest into doubles in profit for example. So you invested 100 dollars to something, and it reached 200 dollars? You take the 100 dollars out, and then the other 100 dollars worth can stay like that forever.

This is just one method, there are so many people who do so many different ways. This is why I believe that there is a good case to be made about crypto and how to plan for your future. I started to learn some stuff from him, not coin related because I like to pick my own coins, but I learned more stuff about how to think for the future and it really helped me a lot.

[Vaculin]

Hello everyone, please I really would like how you folks get pull out in a project with huge or reasonably profit locked-in.

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

All ideas are welcome please.

Thank you all! 👍

I actually don't know what is your strategy in the first place but I think it was still good to hear that you were earning. But you wanted more and that seems the biggest challenge for you now. But what I could suggest for you is to just improve your strategies, you don't need to look for perfect timing as it was really hard to find. By enhancing your knowledge and becoming more versatile with the market changes, the more it is likely to get the closest one.
You already have in a good position, only you need is to step forward and try another strategy to assess if that works for you.

[perfect999]

I started trading (long-term) for couple of years back now and since then i've been doing averagely okay on whatever altcoins project I put into. But what I seem to be lacking is when to actually get out at the right appropriate time.

At least, if not perfectly okay, a bit fairly okay.
Please my pull out strategy are quite poor, kindly help a soul out before it gets completely worst. 🙏

You should first start with what works for you. Are you a long term trader or a short term trader? Whichever one you are, you should try to make use of the right strategy and also try to sell when you believe you’ve made enough profit than having to wait, maybe out of greed, and then you end up losing some of the profits you have made.

I don’t think this is something that anyone can actually start to explain to you on a comment section, maybe it’s best that you start watching some helpful YouTube videos that will help you know the right choices to make and when to make those choices. Making the right choice at the right time is really going to help you.

[CryptocurencyKing]

I think what OP needs most of all is how to put your greed in check. From what you've stated, you seem to be doing quite okay and getting a hand at your trades or investment but then, you seem to base your mind on what happens, the profit that counts ahead after you live the market.

Let me ask you this,
Do you do the same as per, check the loses against your pull out in the market too?

Because, all that shouldn't be your business no more. No matter how little the profit is, its still profit and that's what matters. You just have to be satisfied with the result and should you want better, you should ensure its lot you trying to be greedy. Mt thoughts anyway!

[carlisle1]

I think you are lack of plan and goal. For you to secure everything, you need to have a plan, daily, weekly, monthly etc. If your plan didn't work and have a lose of streak continuously, I guess it's the time for you to change your plan or either your strategy. Know when to say enough is enough, take profit and start fresh with a new trade. But, I think your doing good overall. Since, you've said already that your doing averagely, I think it's just a matter of more experiences that you need to have. But, always remember that you need to be patient and think a possible scenario before making decision for you to avoid regretting this to the near future.

I have a friend like this. He knows how much he will invest at what price, he knows what he will do when it drops to a certain price, he knows what to do when it goes up to a certain price. Dude managed to actually make a profit AND still have coins at the same time. This happens when the thing you invest into doubles in profit for example. So you invested 100 dollars to something, and it reached 200 dollars? You take the 100 dollars out, and then the other 100 dollars worth can stay like that forever.

This is just one method, there are so many people who do so many different ways. This is why I believe that there is a good case to be made about crypto and how to plan for your future. I started to learn some stuff from him, not coin related because I like to pick my own coins, but I learned more stuff about how to think for the future and it really helped me a lot.

There are many methods, and you will learn it from time to time,
it's experienced that will guide you in properly assess which strategy is best fit to your personalities,

trading is not a game but a good place where you can change your financial status.

Many successful traders start with nothing but because they are very keen on learning the deeper side of the business.
they managed to succeed and they exceeding to the point that whatever the direction the market is moving they are still compensating.