Weak or wise?

[Stepstowealth]

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

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[Wind_FURY]

A weak trader trades based on his emotions. Because he doesn't want the "profit" - on paper become a "loss", the trader closes the trade for an insubstantial profit and his emotions will make him FOMO back in the same asset if he/she sees it's surging again.

Does anyone want to be a weak trader? I believe not, BUT we plebs are all probably the same. That's why I stopped "trading" and started HODLing Bitcoin. All weak plebs should HODL too.

[jeraldskie11]

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

It depends on the trader. If the trader keeps closing a trade even though the profit is less than 1R he is a weak trader. But if a trader closing above 1R, probably he is a wise trader.

Weak trader don't fully trust their trading plan, maybe he didn't do enough backtest on it. But a wise trader, know when to exit not because they afraid of losing but because they see that the market will go against you.

[bayu7adi]

In the past, I'm is type of trader you mentioned, selling out of fear that the price wouldn't go any higher. This happened with altcoins a few times. Even though the profits aren't significant, my trading math isn't strong enough to overcome my emotions. Now, I've chosen to set targets when HODLing Bitcoin. Bitcoin is the only asset I hold for the long term because it's the best. I have target to sell all of my BTC, which would give me enough money to buy something I've been dreaming of, especially since I've been DCA since it was around $20k.

I really want to buy a property for my small family's living space. Well, everyone needs a home, and it's a great honor to own one. This way, I can restart my Bitcoin journey after having a decent place to live. My resolve is strong, and I'm not easily swayed by FUD because of this goal.

maybe some people also have strong resolve when they have a clear goal, much like I do.

[tbct_mt2]

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

You don't have to be a weak or a strong trade to get profit.

The vital line is you know how to protect your capital. It's how you are strong in trading. If you can not protect your capital by cut loss to close your position and exit the market, you are stupid.

Does it make sense if you are too strong by holding your position for days, weeks and ignore all risks, then at the end, you lose money by market crash, margin liquidation?

It is not strong but stupid trader.

People can call you as a weak trader by closing your position than wait to get profit but if it means you have to take higher risk, you should not follow them. You are a weak trader in their eyes but if you successfully protect your capital, it's just fine. It is your money, not theirs so they are free to say whatever they want to satisfy their ego.

[God bless u]

Certainly! I think it is clever choice to exit on a time when you see any profit taking opportunity and secure this profit on a time.. A little wait might gives you more profit but it is not guaranteed.. Market will not work according to your strategy and there is possibility that your trade oppos your strategy.. I think exit before the target is sometimes essential for risk management.. Exiting from one trade doesn't mean that now we will not take any other trade.. We will now look for another opportunity which more favourable and we will lock our fund once again in other trade.

Remember, changing strategy according to market conditions and securing profits when needed showcase your ability that you are strategic trader..I think this decision is not about weakness.. it's about making wise decisions to make more secure your investments.

[tbct_mt2]

Certainly! I think it is clever choice to exit on a time when you see any profit taking opportunity and secure this profit on a time

You have to consider to exit when you see profit or see risk of loss.

Profit you see is only on screen, on paper and it is unreal if you don't close your position to take profit. It is a first step and another step to make it becomes your actual profit is cash it out or withdraw it from your exchange account to your non custodial wallet.

Reminder: do not keep your money in online accounts

When you see risk of loss, you must seriously consider to exit your position and wait for another chance to enter the market and chase for profit.

[Patrol69]

We all claim to be traders and we can claim to be traders but how many of us can claim to be a wise trader. Most of us traders don't feel much need to research the market, they usually trade with some volatility in the market. Although common traders trade in this way, the wise traders think several times before taking a trade and research the market several times to see which direction the market may go if they take the trade. They take trades only if something positive comes out of their research. 

Being weak and wise are two different things when it comes to trading. It's okay to be weak in the sense that we don't have the courage to trade because we have no idea about trading. For this reason if a trader is weak then he does not risk his money. All of us Tedders need to know about trading well and then start trading.

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Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

For me, it's a prudent decision to exit a trade early with some profit. It's about securing gains and mitigating potential losses, considering that we are in volatile markets where conditions can change rapidly. As a wise trader, recognizing that the market is unpredictable, it's better to lock in profits as a strategy. There were times when I preferred to stick to my TP levels and believed in long-term analysis. However, discipline and patience did not align with my preferences, so taking such risks could release potential profits.

[Coin_trader]

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

This is a case to case basis depending on different factor.

Weak Trader:
-If you take profit just because you are a bit excited because the price move after you purchased without analyzing the price chart if it’s still just the beginning.

Wise Trader:
-If the market is already reach a resistance or there’s a negative news that you knew that the price will be affected heavily. This time, Taking profit is really good because you already gain some despite it didn’t meet your target since you can always open new position once smoke is clear which you will knew if you analyze the chart.

Remember that taking profit early is still much less painful than taking loss while you already have the opportunity to gain profit.

[Hypnosis00]

Wise traders often gain success while these weak traders often fail. However, quitting doesn't always mean that we are weak, sometimes we have to do this especially if we never see any profit anymore.

If we could think deeply, about why we should do this and spend time without any good result while quitting will help us save ourselves from losing and we save time as well. In the end, it was not a wrong decision but a wise decision. And this will also remind us that not all the time that trading is profitable as losses are also possible depending on the market condition.

[GreatArkansas]

(....)
Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

This really depends, like based on your plan. Let's say you already entered a trade and you already set your take profit price and stop loss price but suddenly the price action went in a different direction, different from your expectation, so this time you can close the trade in profit even if your target price is still not reached. If that is your reason, then wise. If you don't have any basis, then weak.

[michellee]

Greed will come to the trader and tell him to keep waiting for the price to rise higher. But the reality is that the price can immediately decrease without notice, so we lose the opportunity to make big profits.

Gamblers are weak because they cannot control their emotions in trading. They are always influenced by what is happening in the market and cannot adapt to what is happening in the market.

By always studying trading analysis, at least we will know when we enter and exit the market. We can avoid greed and take advantage of the benefits we have obtained.

[Fara Chan]

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

It depends on a trader's wishes, whether he will continue trading without taking the profit he has seen before his eyes, or will instead exit the trade by saving the profit he has made. Personally, I prefer to trade continuously as long as I can make a profit because the purpose of trading is to make a profit, but because it is uncertain and cannot be predicted accurately, of course choosing to take profit by exiting the trade is also not a wrong choice. Although remaining in trading with a larger profit target is also quite wise for a trader.

[barisbilgili]

Greed will come to the trader and tell him to keep waiting for the price to rise higher. But the reality is that the price can immediately decrease without notice, so we lose the opportunity to make big profits.

Gamblers are weak because they cannot control their emotions in trading. They are always influenced by what is happening in the market and cannot adapt to what is happening in the market.

By always studying trading analysis, at least we will know when we enter and exit the market. We can avoid greed and take advantage of the benefits we have obtained.

Everyone who trades will of course experience a lot of things like what you mentioned, but we have to be able to overcome them by remaining in control of ourselves when trading, so that we don't miss out on the profits we have made so we have to wait for them to come back to get those profits.
When we have done trading, of course we have to keep learning trading and we also have to be able to control ourselves when trading.

[mk4]

It's not one or the other — it's purely situational.

Idea was to open the position for quick small profit? Wise.
Idea was to hold the position up to a certain price but took profit early? Weak.
Idea was to hold the position up to a certain price but took profit early because the situation has changed? Wise.

[Russlenat]

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

People trade for profits, so if profits are already achieved, then it's normal for traders to make an exit. Even though you don't get to achieved the maximum profits you set in your trades, as long as you're not losing, for me it's a wise trader. However, if you trade and lose and you decide to exit from your trade, for me that clearly shows that you're a weak trader. As long as you are not suffering from consistent losses, then I don't see it wise to exit from a trade, but hold your coins and wait for the right timing to exit from your trade.

However, traders have different point of views. If they think that would cut their future losses, then maybe exiting from a trade is a good option. But if you trade to gain maximum profits, then it's wise if you analyze the market well and trade only when the market seems to favor your trades.

[tjtonmoy]

I would say totally depend on the situation that you are in. Also, what kind of strategy or strategies you are using for analysis and calculation. For example, you have done your analysis and the market is moving according to your calculation. But suddenly the news breaks out, and the market could move entirely the different direction. Or it could be a good news which will push the market upward more. In case it's like this, you need to change your strategy and adapt to the situation you are in.

The crypto market does not always move based on calculation and analysis. There are sentiments as well. It can highly influence the market thus we need to use strategies to minimize our losses and maximize or profit. But it is also important to stick to the plan to avoid getting emotional. If you are comfortable with your profit then you should stick to your original take profit target. If the market is going to move opposite direction and you are already in a profit then it is wise to close the trade and take the profit.

Search simple it depends on situation you are in. But if you are not in a situation where you don't have to change the plan, if you do it then it should be called weak.

[taufik123]

Idea was to hold the position up to a certain price but took profit early? Weak.

Those who are too weak do not use their strategies well, and only maintain their initial positions,
but do not have the courage to stick to the already targeted price.

They are too weak to hold at peak prices, this is also because their trading psychology is not trained.
Even some weak traders like this sell their holdings at a loss because they panic too much with the downturn.

[Lanatsa]

In trading sometimes, there are situations and several times where traders while observing a trade placed and the profit they have made already  from it  begin to think and consider to exit from the trade and take the profit that they have made instead of waiting to the end.

Do you accept to be a weak trader or a wise trader when you exit a trade taking some profit, but not the entirety of what you want on your TP?

When it comes on having that own personal trading targets or goals then its a must thing to have and doesnt matter whether you are really that continuing or would really be calling it a day. Securing profits is ideal
but there are really times on which us traders does really go further more. Why? because we do feel out that we can really still make more.Getting further doesnt mean that you are greedy but rather a sort of but
once you are really that confident with your trading skills then it would really be that something that could really be the reason on why you would really be proceeding into.

Dont think about being weak or strong because as a trader then changes and decisions would really be that could be altered if its needed.
Dont mind about those things along the way because it s really just that normal that adjustments and alterations could happen. As long you do see that
you could really be able to benefit out then this is something which is really that a normal approach.