Weak or wise?

[Mate2237]

It is a wise trader. When you have gotten 80% of the whole profit of the trade and you are tired to wait to the end then you ave to cash out or stop the trade because you don't know what will happen in the end the trade. And if everything wipeout without any profit then you will become a loser of the trade and also you will be a greedy trader. In trading if you not the greedy type, when you have 60% profit from the total amount then you have to cut the trade and place another one again. And that's why we always advise the new traders to use demo.

But if you have the confidence that the trading will end well with you then you don't have to bother yourself and just be patient to see the end outcome. Remember that should be a very serious risk to take.

[1715368614]

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[1715368614]

1715368614

[rhomelmabini]

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?

I am accepting that considering I'm not that great either, everything can be learned and if you have consistency then you probably learn more than the rest. You will never gonna time the market so if you think you will gonna profit in that trade then take it, profit will always be a profit no matter what.

[lixer]

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?

I always prefer to close trades with minimal profit when there is a risk that the market can swing in the opposite direction. Always feel like smaller profits are better than no profits, if not potential loss. But at certain times when I am confident enough, I let the trades run and try to maximize the profits. It works sometimes and other times it doesn't but you have to live with it because that's how trading works.

Greed can be good at times. Another thing you can do is cash your initial trade amount and then let the remaining go on in hope or a bigger profit. This way you don't risk losing money while till have a chance at making good profits.

For example, Let's say you short BTC at 10x and the price has increased by $1k, you can cash out and let a small amount run!

[Twentyonepaylots]

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?

I always prefer to close trades with minimal profit when there is a risk that the market can swing in the opposite direction.

I wonder why some people call it a bad call or worst a weak trader when in fact those kind of trader have taken a profit based on their contentment. Ask all the experienced trader and ask if it happened to them because for sure, it happened to them.  Market is volatile, swings will detached your position in a second. Take a profit when you have the opportunity.

Always feel like smaller profits are better than no profits, if not potential loss. But at certain times when I am confident enough, I let the trades run and try to maximize the profits. It works sometimes and other times it doesn't but you have to live with it because that's how trading works.

Profit is profit, that's it. No need to label someone who makes a profit a weak trader.

[milewilda]

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?

I always prefer to close trades with minimal profit when there is a risk that the market can swing in the opposite direction. Always feel like smaller profits are better than no profits, if not potential loss. But at certain times when I am confident enough, I let the trades run and try to maximize the profits. It works sometimes and other times it doesn't but you have to live with it because that's how trading works.

Greed can be good at times. Another thing you can do is cash your initial trade amount and then let the remaining go on in hope or a bigger profit. This way you don't risk losing money while till have a chance at making good profits.

For example, Let's say you short BTC at 10x and the price has increased by $1k, you can cash out and let a small amount run!

This is why as a trader it would really be that wise to close or not to make any positions on the time that you do saw that the market is really that indeed volatile on which its never been that good or wise
on making positions which you do know that it is really just that too risky for you to do so. There are really indeed moments or times in trading on which you shouldnt really that making any actions
or really that simply skipping out because of it is really just that too risky on making such move. You would really be finding yourself that be able to know on what are those stuffs
on the time that you are already that a experienced trader.

Learning everything or something as you do go further ahead with trading is really that normal on which it is really that something that you would firstly be able to encounter.
It is really just that impossible that you can really be able to notice up something on the time that you would really be able to make trades as you do go forward ahead.

[cakravothy]

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?

If there is no halving while I'm trading and my profits remain green, I'll close them. However, if there's a potential halving that may lead to a significant price surge afterwards, I want to hold for as long as possible, up to one year after the halving, before selling. During this time, I'll stake the coins I'm holding, which will increase the number of coins I own.

[Zigabel]

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's never a weak move, no body controls the market especially as retail traders so you have to make sure you seize every good opportunity as you can to make profit and also try not to allow greed set in because it will definitely do you more harm than good so leaving the trade even before your expected TP isn't a bad idea, it's very possible that trade may never get to your TP and the best chance you have at it is when you exit before reversals, in situations where you were trading a certain direction and a news came in that changed the market direction, you trade will most likely not get to TP but if you had excited you will still be safe.

There's no holy grill in trading so you can't be too sure to always wait for your TP some times get some good profits and exit, knowing it's never a weak move to exit early it's at some point the wisest thing you could do.

[fullhdpixel]

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?

If there is no halving while I'm trading and my profits remain green, I'll close them. However, if there's a potential halving that may lead to a significant price surge afterwards, I want to hold for as long as possible, up to one year after the halving, before selling. During this time, I'll stake the coins I'm holding, which will increase the number of coins I own.

When you trade, you won't really wait for the halving and other events. Your focus is only about the current markets. That is where you decide whether you will close your trade or remain to open it. Halving is said to have a positive effect in the price of the coins. If you buy and HODL because of it, then you are not a trader anymore but you are called as an investor already.

But, one year after a halving would already result for a dumping of the price because you know, there is also a bear market that will take its place. But, if you don't want it (the short term gains), then fine. In investing, a long-term hodling can in fact matter the most, as the longer you HODL the more the profits you could gain. Staking can be a good idea since it will also lock up your coin, so you can't be tempted on selling them early.

[God bless u]

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?

Taking profit is always good decision by any person that they are going to take the profit first and after that they can easily manage that whether they want to carry its trade or he wants to close the trade. Because there are a little problems and more risks involved in it.

For example if the person is going to continue the trade then he must be ready for the coin if it falls again and if he is going to make loss may be another time. As I have learned one thing in the crypto space that mostly in crypto the greed kills as mostly users was in greed that how they could make more money. Thinking and getting more money in trading glooks good but there would be more risks involved in it. So I think getting and booking the profit first is very necessary.

[Viscore]

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?

Exiting a trade does not mean that you are a weak trader and is afraid to take the risk and finish the trade. I think you are more mature enough that you trade and you're already in profits even without finishing a trade. The only way traders get weak and create an unwise decision is chosing to trade even when the market is not suitable to trade. With that, it's like you trade not to win but eventually to let your capital go into waste.

[wtsimis]

A weak mind can never be a good trader. You need to be smart while trading. We often wait when the market is falling and wait for the market to rise. But when the market rises and gives us a small profit, it can't be patient anymore. We exit the trade before reaching our target profit. So we cannot make huge profits. So always trade like a wise trader while trading. It is never possible to take target profit if you are a weak minded trader.

[cryptoknightt]

What is meant by a weak trader and a wise trader, can you be said to be a weak trader by taking a small profit, or is a wise trader a trader who never loses?
I think everyone has done both. and traders learn that from their mistakes.

[God bless u]

Once you trade and gain profits, you did a wise move since trading itself is not easy but hard and complex job. Hence, those weak traders end up quitting from trading because they find it hard to overcome the risk and manage trading uncertainties. But for everyone who made profits even if they decide not to wait for the trades to end, I think that’s also their own strategy and we can’t force them to do that is not on their own will and plan.

Trading requires a smart and wise decision making to make a sustainable trade, otherwise you are just trading wasting your money and time.

I think both intelligence and money are very important for trading because if all you have is money, if you are not wise then you can't trade what you have because trading is very risky work.

One who has to start the trading will  first learn what is in it, when to buy and when to sell, because it cannot be done by an ordinary person. Also  with mind we need money, we should have a backup of what we have, all the money should not be invested in trading, It is very important that we have a good teacher of trading.

[snowpega]

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?

And it may lead you to greed. Greed is the worst enemy of people. Keep thinking about whether should i still hold the asset or sell it here. It is so confusing point as no one can predict the next step 100% accurately so if you have fetched the best profit take an exit before the market gives you a bad shock as the crypto market is so volatile.

Many people make many losses in this scenario because they become greedy to make more profit. Keep in mind, this suggestion if you do not want to bear losses so have control on your greed. Many Thanks!

[Maslate]

Trading alone is already hard so if you are profiting from your trade despite that you don’t get to finish it, then most likely you’re a wise trader. Not all are given chances to be in profits when trading, some are just trading and even wait till the end and still end up losing. So for me, there’s no need to actually finish a trade if you are already satisfied with your present profits. That’s for you to decide if you can still take the risk and finish an unpredictable trade.

[Fatunad]

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?

If there is no halving while I'm trading and my profits remain green, I'll close them. However, if there's a potential halving that may lead to a significant price surge afterwards, I want to hold for as long as possible, up to one year after the halving, before selling. During this time, I'll stake the coins I'm holding, which will increase the number of coins I own.

When you trade, you won't really wait for the halving and other events. Your focus is only about the current markets. That is where you decide whether you will close your trade or remain to open it. Halving is said to have a positive effect in the price of the coins. If you buy and HODL because of it, then you are not a trader anymore but you are called as an investor already.

But, one year after a halving would already result for a dumping of the price because you know, there is also a bear market that will take its place. But, if you don't want it (the short term gains), then fine. In investing, a long-term hodling can in fact matter the most, as the longer you HODL the more the profits you could gain. Staking can be a good idea since it will also lock up your coin, so you can't be tempted on selling them early.

Totally depend on what kind of trader you are on which there are ones that they are really that trying out to hit their exit points and there are ones who would really be making out some reconsideration on taking profits
on early without having those kind of hitting those targets on which it would really be that totally depending into someone risks management. Weak or wise? It wouldnt matter much on which the main
thing that people or trader would be focusing on is on how to make profits yet this had been our main target since from the start. Doesnt matter on what kind method or what kind of way you are really that been doing
as long it would really be that something that relevant and something beneficial then this is what mattering the most.

Dont mind about being weak or wise because we are really just that aiming on the same target on which we are really that making profits.
People are really just that mindful on what other people could really make out those kind of sentiments without bothering themselves that they
should really be that focusing on their own ways and methods.

[bettercrypto]

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?

In the first place, there are no perfect traders, because all traders, even if they are experts, still have that weakness that is hidden, and any of us here can improve in performing trading activity, in fact, too.

Now, of course, if you want to have a wide knowledge of trading, you should also know yourself that we need to learn this hard lesson and learn it, and when we get it, we will definitely be able to get profit most of the time in trading, and if we fail in our fundamentals and technicals, it's only a low percentage for sure.

[TheUltraElite]

What is meant by a weak trader and a wise trader, can you be said to be a weak trader by taking a small profit, or is a wise trader a trader who never loses?
I think everyone has done both. and traders learn that from their mistakes.

These are not so general ideas, a weak trader can mean a lot of things, not necessarily making a small profit specially because the word small is relative - for someone 1k USD might be small, but it might not be small for another.

Hence the words weak or wise makes no sense here. Still I consider a trader to be a bad one if they are trading based on emotions and not rectify that and a trader to be good if they are able to make the buys at the low and sells at the high.

Eventually if you are trading successfully, you realize that these terms are only just words without any real meaning in this sphere.

[FanEagle]

A trader shouldn't set goals and stick to it no matter what, a trader should read the market and make movements accordingly. The market is a dynamic thing and while the goal you set may look good at the start of your trade, things could change while you are holding and if you end up sticking with your plan, then you may end up losing money from it as well.

This is why, while you are starting out, you should have a goal set and that is great, but you should also be flexible enough to make changes to your plans while holding as well. This doesn't mean you will always be right, you may think that it will not go up to what you initially thought it would, and get out, and yet it could go on higher, but you should be open to the possibility of it.

[God bless u]

What is meant by a weak trader and a wise trader, can you be said to be a weak trader by taking a small profit, or is a wise trader a trader who never loses?
I think everyone has done both. and traders learn that from their mistakes.

Actually the trading needs money as well as mind.
All of those are wise which have good knowledge and a high investment. because in this condition they are not getting loss due to enough budget as well as enough knowledge about trading.

As I always thinking about those people who have less money for trading they will always in happened and cannot take responsibility for a big profit.