SquallLeonhart
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October 28, 2021, 06:59:24 PM |
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I would prefer to take profit out of my investment when the price of my principal amount were double already or depend on my desired amount.
How often you are able to book profits after getting doubled? I am just curious to know on what coins that you are investing. Because, if I diversify my portfolio up to 10 different coins, only 1 or 2 coins are doubling in one year of time and all other coins fetching me only negative returns. So, are you investing only with bitcoins or top coins from coinmarketcap along with good technical analysis? Please let us know if your time permits. you can either maximize your profits or you can take you initial and allow some portions of your earnings to keep moving and making more for you.
Maximizing profits will be possible only we are dealing with bitcoin or few other reputed coins. If you try to keep your investments after booking your capital with shitcoins then you may lose all your investments as most coins will never keep rising after showing some spikes.
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sana54210
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October 28, 2021, 09:59:00 PM |
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No investment guarantees instant profit, there are many processes and things that must be learned again in order to achieve the desired investment success target. Whatever the investment instrument, there is always a small or big risk. So before starting make sure you understand the characteristics, risks and profit.
This is definitely true, there's no investment that guarantees instant profit especially if this characteristics is what you're looking up to cryptocurrency, the volatility of the market would still be the top concern. In my case, I would prefer to take profit out of my investment when the price of my principal amount were double already or depend on my desired amount. Also, some factors are depend on other necessities or emergency needs. But as long as I can be able to hold it for a long term I would choose to hodl it for a quite long while. When you have your capital back, whatever is left could stay there forever and can become 1 dollar if it has to, the waiting period is a lot better that way. I mean you investing 1000 dollars into something, it triples in amount, so you take that 1000 dollar out, the other 2000 dollars worth can be there for 10 years and you do not have to take a second look at it, it could become 50k, it could become 50 dollars and it would be all the same since you can't possibly make a loss. I have friends who follow this rule and they have made a great return in over a course of period. This is not the most profitable method since it takes out some of the risk, but it is definitely a great method to drop the risk when you are ahead. I was thinking about doing the same thing, but I am in good profit now and I do not plan on taking anything out yet, I just want to wait and see what happens next.
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Quidat
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October 28, 2021, 10:15:08 PM |
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No investment guarantees instant profit, there are many processes and things that must be learned again in order to achieve the desired investment success target. Whatever the investment instrument, there is always a small or big risk. So before starting make sure you understand the characteristics, risks and profit.
This is definitely true, there's no investment that guarantees instant profit especially if this characteristics is what you're looking up to cryptocurrency, the volatility of the market would still be the top concern. In my case, I would prefer to take profit out of my investment when the price of my principal amount were double already or depend on my desired amount. Also, some factors are depend on other necessities or emergency needs. But as long as I can be able to hold it for a long term I would choose to hodl it for a quite long while. People who've been thinking about making guaranteed profits doesnt really have an actual idea on how this market moves because you do say off things which you do have in mind but once reality slap into your face then this is where you do see things on how they work or simply sees on whats the reality and on what actions you would really need for you to deal with it.
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martina14
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October 29, 2021, 03:53:58 AM |
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Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
In terms of taking profit here in cryptocurrency, you should know to yourself in which category you belong, are you a long term holder or short term trader? Because if you want to earn here without any valid reason, I think your direction here will become vague dude, but if you know what you are aiming here as individual trader, perhaps, you will surely know the answer to your own question.
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tygeade
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October 29, 2021, 08:48:14 AM |
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if you want to earn here without any valid reason, I think your direction here will become vague dude, but if you know what you are aiming here as individual trader, perhaps, you will surely know the answer to your own question.
Everyone aims for profit and nothing else, right? So, how efficiently making use of the peaks like sudden rise or gradual rise would be the matter of question here. Every individual will prefer to get quicker profits in my opinion as they do believe in more active trading until they gain experiences on dangers of booking at small profits. Only when you learn about the power of long term holding then you will come to the practice of aiming for gradual rise and then might go for booking profits only at trend reversal.
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SquallLeonhart
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October 29, 2021, 08:13:02 PM |
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Everyone aims for profit and nothing else, right? So, how efficiently making use of the peaks like sudden rise or gradual rise would be the matter of question here. Every individual will prefer to get quicker profits in my opinion as they do believe in more active trading until they gain experiences on dangers of booking at small profits.
Only when you learn about the power of long term holding then you will come to the practice of aiming for gradual rise and then might go for booking profits only at trend reversal.
I have to say it is clear to me that we could not have any type of profit for a very long period of time if we keep on trading at the hyped periods all the time and not any other time. Reality is that long term holding is great, DCA your way into lowering purchasing price and keep waiting is awesome, only because it also includes the down times as well, which means you get to buy cheap and making profit that way is easier. I would say if you keep on focusing at the potential profits at every time there is an increase, then you are going to jump the bandwagon for hyped periods and make a loss, but when you do long term then you do not get excited about one part, you will try your best in every single period.
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Mahanton
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October 29, 2021, 08:28:14 PM |
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if you want to earn here without any valid reason, I think your direction here will become vague dude, but if you know what you are aiming here as individual trader, perhaps, you will surely know the answer to your own question.
Everyone aims for profit and nothing else, right? So, how efficiently making use of the peaks like sudden rise or gradual rise would be the matter of question here. Every individual will prefer to get quicker profits in my opinion as they do believe in more active trading until they gain experiences on dangers of booking at small profits. Only when you learn about the power of long term holding then you will come to the practice of aiming for gradual rise and then might go for booking profits only at trend reversal. Of course we do have different decisions whether on when we do take profits and on what level we do consider out on securing those.So its a person type of choice because not all would really be having the same mindset in doing so.Profit taking is what we do always aim since from the start and its up to someones preference on when and what time they should really be doing it because there are various factors or conditions might really be affecting our decision midway thats why it do really vary.
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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goinmerry
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October 29, 2021, 08:43:13 PM |
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if you want to earn here without any valid reason, I think your direction here will become vague dude, but if you know what you are aiming here as individual trader, perhaps, you will surely know the answer to your own question.
Everyone aims for profit and nothing else, right? So, how efficiently making use of the peaks like sudden rise or gradual rise would be the matter of question here. Every individual will prefer to get quicker profits in my opinion as they do believe in more active trading until they gain experiences on dangers of booking at small profits. Only when you learn about the power of long term holding then you will come to the practice of aiming for gradual rise and then might go for booking profits only at trend reversal. Of course we do have different decisions whether on when we do take profits and on what level we do consider out on securing those.So its a person type of choice because not all would really be having the same mindset in doing so.Profit taking is what we do always aim since from the start and its up to someones preference on when and what time they should really be doing it because there are various factors or conditions might really be affecting our decision midway thats why it do really vary. I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not. It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy. My way of taking profits will start from my price satisfaction. After selling, I won't like to see that coin in the meantime to save my ass for the possible regret and disappointment if the price went up more.
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Gosgosking
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October 30, 2021, 09:06:01 AM |
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In a case where the capital is not enough and no source to get money to add to capital I feel maybe if not all of the profit part of it can be added to the capital to get more. But if the capital which is been used for trading and it yield it's not advisable to always add profits it's better to take off profits.
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jostorres
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October 30, 2021, 09:11:19 PM |
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I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not.
Have experienced similar situations and also mostly that scenario led to regretting for not booking at right time; one good example must be what we had experienced after an ATH in April. By the times of April, I was confident about getting into $80k levels but in June I was regretting for not exiting with profits in April. It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy.
It is hard if we still look for more. Some times, we turn greedy which is the reason we are not ready to lose the future growth of bitcoins. My way of taking profits will start from my price satisfaction.
Yeah, a good way to get practiced to. But, the problem is when we are confident about continuous rising then we will never get any of satisfying target levels to book profits with.
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Ziskinberg
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October 30, 2021, 10:09:32 PM |
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I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not.
Have experienced similar situations and also mostly that scenario led to regretting for not booking at right time; one good example must be what we had experienced after an ATH in April. By the times of April, I was confident about getting into $80k levels but in June I was regretting for not exiting with profits in April. It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy.
It is hard if we still look for more. Some times, we turn greedy which is the reason we are not ready to lose the future growth of bitcoins. My way of taking profits will start from my price satisfaction.
Yeah, a good way to get practiced to. But, the problem is when we are confident about continuous rising then we will never get any of satisfying target levels to book profits with. Greediness is very cruel and one common reason for our failure and losses. I know that everyone is asking when? what if? We live in presumptions and market prediction but because of our faith, we are able to get strong and hold. However, with the greediness lives on us we forgot to think about the volatility of the market and not getting satisfied but wanting more that is why we mostly ended up blaming ourselves.
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Shasha80
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October 30, 2021, 11:17:08 PM |
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I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not.
Have experienced similar situations and also mostly that scenario led to regretting for not booking at right time; one good example must be what we had experienced after an ATH in April. By the times of April, I was confident about getting into $80k levels but in June I was regretting for not exiting with profits in April. It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy.
It is hard if we still look for more. Some times, we turn greedy which is the reason we are not ready to lose the future growth of bitcoins. My way of taking profits will start from my price satisfaction.
Yeah, a good way to get practiced to. But, the problem is when we are confident about continuous rising then we will never get any of satisfying target levels to book profits with. Greediness is very cruel and one common reason for our failure and losses. I know that everyone is asking when? what if? We live in presumptions and market prediction but because of our faith, we are able to get strong and hold. However, with the greediness lives on us we forgot to think about the volatility of the market and not getting satisfied but wanting more that is why we mostly ended up blaming ourselves. Everyone usually has greed and that's a very human thing, but because we know greed is one of the reasons we experience losses when trading. So we must be able to control it, because I know that it is almost impossible for us to get rid of the greed that is in us. It is not easy to control greed, there is a process that we must go through, but as long as we have the intention and try hard. We can control our greed, if our greed can be controlled properly. We can know when is the right time to take profit, because with controlled greed, we can be satisfied with the profit we make.
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awik p
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Pepemo.vip
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October 31, 2021, 08:19:20 AM |
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I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not.
Have experienced similar situations and also mostly that scenario led to regretting for not booking at right time; one good example must be what we had experienced after an ATH in April. By the times of April, I was confident about getting into $80k levels but in June I was regretting for not exiting with profits in April. It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy.
It is hard if we still look for more. Some times, we turn greedy which is the reason we are not ready to lose the future growth of bitcoins. My way of taking profits will start from my price satisfaction.
Yeah, a good way to get practiced to. But, the problem is when we are confident about continuous rising then we will never get any of satisfying target levels to book profits with. Greediness is very cruel and one common reason for our failure and losses. I know that everyone is asking when? what if? We live in presumptions and market prediction but because of our faith, we are able to get strong and hold. However, with the greediness lives on us we forgot to think about the volatility of the market and not getting satisfied but wanting more that is why we mostly ended up blaming ourselves. Everyone usually has greed and that's a very human thing, but because we know greed is one of the reasons we experience losses when trading. So we must be able to control it, because I know that it is almost impossible for us to get rid of the greed that is in us. It is not easy to control greed, there is a process that we must go through, but as long as we have the intention and try hard. We can control our greed, if our greed can be controlled properly. We can know when is the right time to take profit, because with controlled greed, we can be satisfied with the profit we make. To control greed, of course, through a learning process, where we must increase our experience in trading so that we are faced with various conditions in the market. to a wider extent we must be able to control the psychology of trading, where each person will be different at different times of achievement. this is very useful for suppressing greed in taking profits that usually occurs and obeying the cut loss area
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LUCKMCFLY
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Leading Crypto Sports Betting & Casino Platform
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October 31, 2021, 02:24:29 PM |
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I think 10% to 15% profit is enough if your trading money is high and if you are brand new you will not find happiness even after making 50% profit, You have to decide first how much profit you will actually make trading and if you can't decide then I would say take a little more time before you start trading and then start, In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.
It is a very good strategy, in my case I use profit taking in another way, I carry it in conjunction with Stop Loss, that is, for an operation if I have a Stop Loss of 8%, which is the maximum to risk , the profit taking is Stop Loss x3, that is, I take profits up to 24% profit. Obviously for natural reasons my trading is in the medium and long term to be able to have that type of profit, but it is a very simple way to trade, apply techniques and it is even easier to react to the market in the face of a possible rebound or fall.
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checkmatesir
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October 31, 2021, 04:31:17 PM |
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It will definitely be depend on you that how much you need the money whether during the trading which you had already invested in the coins and one another thing if you have the ability to lose the money which you don't want to be sad on it, and the forth most important thing is that you have to be very patient.
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Alisha-k
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October 31, 2021, 04:54:58 PM |
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It will definitely be depend on you that how much you need the money whether during the trading which you had already invested in the coins and one another thing if you have the ability to lose the money which you don't want to be sad on it, and the forth most important thing is that you have to be very patient.
If you talk about making profit based on how much money you need for the day,then you'll end up trading on loss. I can remember when i did joint trading with a friend and he was eager for a hundred dollars for the day so bacause of his eagerness,he didn't read the news properly to know what to do;whether to buy or to sell Since he didn't analyse properly,he had to buy when the market was selling and he made huge loss so am concluding it by saying that it isn't preferred to trade when you are eager for huge profit from an account with little strength
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bitgolden
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October 31, 2021, 06:11:27 PM |
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It is a very good strategy, in my case I use profit taking in another way, I carry it in conjunction with Stop Loss, that is, for an operation if I have a Stop Loss of 8%, which is the maximum to risk , the profit taking is Stop Loss x3, that is, I take profits up to 24% profit.
Obviously for natural reasons my trading is in the medium and long term to be able to have that type of profit, but it is a very simple way to trade, apply techniques and it is even easier to react to the market in the face of a possible rebound or fall.
24% profit must be massive to have. Even in long term holding, I am not able to achieve that kind of profits regularly. I am also into technical analysis to project where market may stop falling down to get into but most time I am catching the falling knife and then I need to wait more till market shows me a recovery. This way I may book profits and exit as early as possible before facing another round of downfall market. So, after a long waiting, just booking profits around 5% itself sometimes satisfying me by considering how much potential losses were my positions facing when the direction was not in my favor. I guess if I work more on my technical then I may avoid entering in the middle which may definitely help me to make more percentage of profits.
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blockman
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October 31, 2021, 08:32:19 PM |
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To control greed, of course, through a learning process, where we must increase our experience in trading so that we are faced with various conditions in the market. to a wider extent we must be able to control the psychology of trading, where each person will be different at different times of achievement. this is very useful for suppressing greed in taking profits that usually occurs and obeying the cut loss area
Greed stops us from taking profits even you're already there. It's a matter of the satisfying the amount of profit and the goal that you're setting for yourself. But if the market can do no longer good then you have to make sure that you have at least taken some decent profits that will make you feel good before the market goes down.
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CryptocurencyKing
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October 31, 2021, 09:10:30 PM |
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Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
From the contents of OP, your clearly talking about accumulating or hodling some coins I suppose and if I'm not mistaking, hodling coin always comes with some profit. Mind you, the larger you stalk and hodl, the more profit on percentage. Now, there have been some clear amount of safety and satisfaction in the fact that, some investor might just take out there capital, along with some profit if the luxury allows. Should they loose on an investment, it would be that they profited in the longrun at last or only the extra profit was lost. Its still okay and plays around with the investment rule or guideline that states, 'only invest what your ready to loose'. Who cares so much anyway. But mind you, there is a clear difference between profit on investments as per stalking and hodling a coin and profits from trading. On a trading account, the profits that reads on the chats is never yours until you take it. In hodling investment, it might be similar but different in the sense that, the market price sets your profit margin along with bagging it.
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LUCKMCFLY
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November 03, 2021, 09:04:49 PM |
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It is a very good strategy, in my case I use profit taking in another way, I carry it in conjunction with Stop Loss, that is, for an operation if I have a Stop Loss of 8%, which is the maximum to risk , the profit taking is Stop Loss x3, that is, I take profits up to 24% profit.
Obviously for natural reasons my trading is in the medium and long term to be able to have that type of profit, but it is a very simple way to trade, apply techniques and it is even easier to react to the market in the face of a possible rebound or fall.
24% profit must be massive to have. Even in long term holding, I am not able to achieve that kind of profits regularly. I am also into technical analysis to project where market may stop falling down to get into but most time I am catching the falling knife and then I need to wait more till market shows me a recovery. This way I may book profits and exit as early as possible before facing another round of downfall market. So, after a long waiting, just booking profits around 5% itself sometimes satisfying me by considering how much potential losses were my positions facing when the direction was not in my favor. I guess if I work more on my technical then I may avoid entering in the middle which may definitely help me to make more percentage of profits. If the benefit is total, but of course this in a market with already established currencies, preferably with the first ones of the CMC, in fact I have currently discovered a market that is much more risky but the benefits are immediate, and like everything, it has a great risk but it is much faster than trading in the long or medium term as we are used to in the world of cryptocurrencies. The market I am talking about is NFT games, there are many launches, there is more coverage of projects that you can quickly profit from in one day knowing how to trade.
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