do not exceed your targets

[Zilon]

I'm saying this because of some people who may have a target,  it is important for them to hodl to their target and not be carried away by the increase of price of  the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target .

It is more safer to hold as long as the bull trend is still strong and full. Buying at $21k is a good entry point that might not appear again in the market until this bull run is over and it will even be more profitable for buyers at that price entry level compared to when the sell hoping to buy again when price goes lower, this applies to those who might consider selling at $30k, Because no matter how much the price retraces to it will never go back to such price until after a long while.

[Daniel91]

OP, it's one thing to have a certain goal or target, and it's quite another thing to stick to that goal.
An ideal investor should thoroughly analyze the crypto market, and make rational decisions based on his analysis and concrete facts and not based on his emotions.
When a specific target is set, you simply need to stick to your decision and not change your mind.
If you allow yourself to panic because of the movement in the market, it is a sure way to ruin.
Based on my personal analysis of the crypto market, I have set my investment goals and have a clear exit strategy. At the same time, I have invested in several different asset classes and am waiting for what will bring me the desired profit.

[Peanutswar]

When the market getting a ride with market volatility and we recently see that the bitcoin dumps immediately make yourself prepare for this kind of instance not time the market will give you a huge amount of profit there's a time when the market will pull back in this time its good to have a well built plan and possible financial targets and goal for the late comers of the bull run last time this is good news for accumulate a lot of coins as soon as possible before the halving comes the history repeats itself and its already proven and tested. So set a plan and goal and make a chill and profit for your preparations.

[Franctoshi]

I have learned something so important in the previous bull market that got to about $30k . When the price of bitcoin was $21k I bought some bitcoin and after getting this amount of bitcoin I had target if it gets to $30,000 I will take profit, luckily it got to the price I was targeting but I was reluctant to take profit like I planned thinking the market price will go beyond $30,000 to get more profits but unfortunately the price didn't continue to increase,  but I'm not worried about that because I know the price will definitely increase again and I will get my profit of target.

Every investor/traders should have a take profit plan for its portfolio, so as the price an asset keeps growing in value ,one will be taken out profit gradually out of the market, than keeping the whole stuff and waiting to take profit at once until when gets to a particular price level  before you could take out profit.  For me my profit taking strategy starts with as follows; 30%, 50%, 70% and finally 100% off the market, When there's a clear indication that the market wants to take a reverse. So with this strategy it has helped me not exiting market way too early than I should and to exit market way too late.

[Lantind]

I'm saying this because of some people who may have a target,  it is important for them to hodl to their target and not be carried away by the increase of price of  the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target .

Of course people have different perspectives where they will target separately where the final target will be hit and this is someone's strategy in investing and basically a strategy is really needed, maybe targeting a slightly excessive quantity in the near future is not effective because of course this requires a long term, maybe for those who are too target and until then they desire to exceed it is human nature or this is someone's ambition.

[alastantiger]

I'm saying this because of some people who may have a target,  it is important for them to hodl to their target and not be carried away by the increase of price of  the market. The market can never be predicted, hold to your target and never be too greedy to make more profit. There is another day for another profit. This is important for people who have been patiently waiting for their target .

Greed is one major investment killer. If you set a particular target to be invested, in bitcoin for instance, stick to it. After the first sale or during the bull run, there might be increase in price and this could be a deadly trap for you to invest more money whereas, you cant predict the next sales price. It might still be more profitable and vice versa. So to be guided, you need to maintain you set target and be patience for another period of time.
Setting of target is always easy from the start of every investment but the difficult part is maintaining the standard especially when tempted with the profit.

[Gallar]

Having a definite target, all bitcoin investors really need, in the initial plan when they want to invest. And all of these plans or targets must be considered carefully from the start, don't set targets at random. Just like investing in bitcoin, it would be nice, before investing, we have to research and estimate how much price capacity bitcoin can achieve at this time. After finishing all that research, then determine the target price you want.

you are right about greed, greed in investing must be avoided, because it will be very dangerous to indulge in greed. because not a few people, who were going to get profits, but instead get losses, and it's all because of a great sense of greed. So it's true, in any case in this world, greed will lead to destruction.

And me personally, investing in bitcoin, my personal target is the upcoming bitcoin halving. Because from the start I had planned to invest for the long term, if I sold it continuously at this time, I was afraid I would get addicted and in the end I didn't feel that I had few bitcoin assets and my original plan changed. But if you invest in the short term, actually it doesn't matter, the most important thing is that there are still profits that you can still get. But my advice, it would be better for you to invest in bitcoin for the long term.

[cryptoaddictchie]

Or maybe be contented when you aim for something. Sometimes we are tend to become greedy and cancel our objectives due to hoping for more profits which ended up losing cause of the market situation. If you able to buy on 21k then sold at 30k thats a great profit already and we shouldnt regret what weve done. If ever it goes beyond then its still okay, cause profit is profit. Being able to live up with such discipline could attain more. Stop the emotions and being too greedy.

[Crypt0Gore]

Profit is profit, which one is holding because you have a target? Isn't that the same with having a Bitcoin 100k target in 2021 that got many wrecked? They aim for 100k pet bitcoin before they can start taking profits and 100k never came, they end up losing all the profits and now having to hold through another bear market, sometimes, holding can make you become so greedy, do not aim too high, have a doable positive point of taking profits, if your coin is already doing 10x in a bull market, it's the perfect time to start taking profits.

Do not be too greedy all in the name of targeting a particular price point, start taking profit when the bull run is ongoing, most times our price target is just a dream, you won't lose a thing taking profits but you will lose if you fail to take profits.

[Dzwaafu11]

When we say target, we always expect that person to fall short of that level, so for example, in bitcoin investment, I'll set a target of $29k, and if I hear good news that the price of bitcoin has risen higher than my target, I'll sell that coin, so in these cases, I believe we should just say that having a target is just like a subject matter.

@nwada001 The only caveat is that when you reach your target, you need to act nicely. If you see your target but still prefer to hold onto your coins for a later time, this means that when you're not ready to sell, then you can leave it. No bitcoin investor who knows how the market operates will just wake up and sell coins in low price even for the newcomer unless an emergency problem came up and there's no other way out.

[traderethereum]

Many people get greedy when they see the profits they can get increase rapidly and want to chase bigger profits.
But we often forget that quick profits can decrease as the price decreases because usually, after the price reaches a temporary high, the price will decrease again.
That will keep us from taking profits and even experiencing losses but as long as we can still survive when the price decreases and are patiently waiting for the price to rise again, we can make a profit.
But we have to wait until the price can reverse direction and reach high prices again.

[summonerrk]

Many people get greedy when they see the profits they can get increase rapidly and want to chase bigger profits.
But we often forget that quick profits can decrease as the price decreases because usually, after the price reaches a temporary high, the price will decrease again.
That will keep us from taking profits and even experiencing losses but as long as we can still survive when the price decreases and are patiently waiting for the price to rise again, we can make a profit.
But we have to wait until the price can reverse direction and reach high prices again.

Patience in cryptocurrency is already half the success on the way to a good profit. Look at the price of Bitcoin for example, it always rises sooner or later.  This means that the whole question remains: how low can you buy Bitcoin.
Everyone has a goal - it's profit. But you need to be an adequate person and understand that you cannot earn x20 x50 x 100. Cryptocurrencies are not roulette, but a painstaking process with many small goals.

[DiMarxist]

You don't have to set target to purchase bitcoin. It is good you purchase on the bear market and anytime when price goes up and you decide to sell it, that is left for you, and if you don't want to sell it all the same. But whereby you place target on your investment, my brother you will be disappointed because the price is not stable in one place. And always remove your mind from your investment and stop checking  tradingview.

[Anguwa]

You are correct. The cryptocurrency market is volatile and unpredictable, so the best course of action is to stick to our target and take the small profit we have. OP, most times, greed causes us to exceed our target because we will think that if we leave the coin due to the market condition at that time, the price will rise above our target, but it always turns out the other way around.

[traderethereum]

Many people get greedy when they see the profits they can get increase rapidly and want to chase bigger profits.
But we often forget that quick profits can decrease as the price decreases because usually, after the price reaches a temporary high, the price will decrease again.
That will keep us from taking profits and even experiencing losses but as long as we can still survive when the price decreases and are patiently waiting for the price to rise again, we can make a profit.
But we have to wait until the price can reverse direction and reach high prices again.

Patience in cryptocurrency is already half the success on the way to a good profit. Look at the price of Bitcoin for example, it always rises sooner or later.  This means that the whole question remains: how low can you buy Bitcoin.
Everyone has a goal - it's profit. But you need to be an adequate person and understand that you cannot earn x20 x50 x 100. Cryptocurrencies are not roulette, but a painstaking process with many small goals.

That's why we must have a target in determining when we can buy and sell.
Most people keep holding on to their bitcoins when the price increases because they still want bigger profits, even though it can't always happen.
And when the bull run or altcoin season arrives, they have to decide whether to sell their high-rising coins or keep them on hold.
Sometimes it becomes a dilemma for investors who do not have a target selling price but have to decide because otherwise, they will have to wait a few more years to see the price of the coins increase again.

[Ziskinberg]

therefore it is important for you to manage your investment planning from the start. I mean if you have a plan to sell an asset at a target price, then you can stick to it. but if you have a plan on a time target or the accumulation of the number of assets you have, you also have to be consistent about doing it. this will not be easy for a beginner, but it will be profitable for those who manage to stay consistent with what they planned from the start.

The plan is easy to create but following it is somewhat difficult for a person who has doubts inside and of course when our minds got easily manipulated by FUDs and negativity. Like we usually said that we hold until the next ATH or bull season but when short pumps come out, we are also in a hurry of selling them taking the opportunity. In this situation, we broke our plan already and I was sure that it never go that easy and be out of the course of our plan as it was been twisted already, no way to that think we are able to fulfill our plan in the end.

[Smack That Ace]

therefore it is important for you to manage your investment planning from the start. I mean if you have a plan to sell an asset at a target price, then you can stick to it. but if you have a plan on a time target or the accumulation of the number of assets you have, you also have to be consistent about doing it. this will not be easy for a beginner, but it will be profitable for those who manage to stay consistent with what they planned from the start.

The plan is easy to create but following it is somewhat difficult for a person who has doubts inside and of course when our minds got easily manipulated by FUDs and negativity. Like we usually said that we hold until the next ATH or bull season but when short pumps come out, we are also in a hurry of selling them taking the opportunity. In this situation, we broke our plan already and I was sure that it never go that easy and be out of the course of our plan as it was been twisted already, no way to that think we are able to fulfill our plan in the end.

I believe most of us have plans as well as goals when investing, but you are right, planning is not difficult, but executing it is really not easy. I also believe that OP's mistake is not only in newbies but even old people, and professionals who make the same mistake. Simply because we all have greed and we can't always successfully control it. Honestly, I still made that mistake even though I restrained myself many times to stick to the plan, but it was tough.

[Questat]

It means that we have to set our goal as somewhat realistic. Unfortunately, the mentality of the people usually makes it fail because at the moment that the price goes high, they then started thinking maybe it rises more than our preferred price of selling so I still hold. Not bad isn't it but in this case, we already make our goal ruins. Because I see that it was hard to follow our plan if we are also emotionally stressed and greedy, it was hard to stay on our targets when our mind never focuses on it but instead, we got influenced by news and rumors around.

[drwhobox]

It means that we have to set our goal as somewhat realistic. Unfortunately, the mentality of the people usually makes it fail because at the moment that the price goes high, they then started thinking maybe it rises more than our preferred price of selling so I still hold. Not bad isn't it but in this case, we already make our goal ruins. Because I see that it was hard to follow our plan if we are also emotionally stressed and greedy, it was hard to stay on our targets when our mind never focuses on it but instead, we got influenced by news and rumors around.

That's why keep your emotions and greed aside while trading bitcoin. If you lose focus it will make hard lose for you, so keep your focus intact and don't fall for greed.
I always try to make a realistic plan and when my price hits I sell my coins, not less not more. Holding is the key while trading bitcoin, and also investing money in bitcoin for a long time, short investments do not work here.

[_BlackStar]

The plan is easy to create but following it is somewhat difficult for a person who has doubts inside and of course when our minds got easily manipulated by FUDs and negativity.

Some people get so greedy that they fail to follow their original plans. I might never think it went completely wrong ^{[especially if they were holding bitcoin],} but they missed a good opportunity to take profits when the target was hit.

Consistent with the initial investment plan is a good choice, but it is always possible to get them to start changing the plan once they find out that the potential price of bitcoin is much higher than they expected. The OP has most likely realized that bitcoin will be very expensive if ATH is not reached after the 2024 halving, so he need not worry even if he failed to take profit on the previous target.