Weak or wise?

[HONDACD125]

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 think there may be various reasons for this, sometimes a trader has a fear of a market crash when he gets a decent profit , due to which he closes his trade. It often happens that the market doesn't go as far as we think the market or our profits will go, and our profits are lost. Like traders who take their profit before time and exit the market you can call them weak traders but I think they are wise in terms of their decision.

This is because if he is exiting the market with less profit then if he has no problem then we should not be concerned, because he is still in profit. If someone takes a losing trade then we should call him a weak trader. However, every trader has his own mindset according to which he trades. Some people invest all their capital in one trade, and some people invest 10 % of their capital in one trade, so people who invest 10 % of their capital cannot be called weak, because he is doing the right trade according to his thinking.

[Wind_FURY]

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.

Another characteristic for both the weak-trader and the wise-trader are, the weak-trader has too much love for his money and he/she is afraid to lose it. To have the conviction to invest and see the whole investment through, we need to separate ourselves from such emotions. For the wise-trader, he/she studies and does his/her own research on the intended asset. That's probably why wise-traders have more conviction to avoid the mistake of selling the asset too early because he/she knows that current market value isn't the real asset value.

[justdimin]

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.

But it could also rise too, who knows? I mean if you see bitcoin go to 50k tomorrow morning, you will think that it went up a lot, and it could have some profit sellers which makes sense because some people will definitely sell to take profit, and you may sell to avoid that drop, it wouldn't be a bad idea. However, what if there are people who have FOMO and they buy even more than the sellers so the price goes to 50k+ and just suddenly keep on going higher and higher? Is that impossible to happen?

I think it's possible and that's the part where you need to make a decision. If you hold, and price goes down then people will say it was a greedy move, but if you hold and it goes up then people will say it was a brave move. Same logic goes the other way too, if you sell and if it goes up then it will be a wrong move, but if you sell and it goes down then people will say it was a smart move. What it will be labeled doesn't depend on what you do, it depends on what follows later.

[Mpamaegbu]

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 goes two ways and that will depend on what the said trader sees before exiting. If he's exiting because he doesn't want to lose the little profit he has made and not because his technicals are telling him to exit, then he's weak. He has an issue with his emotion and should put it to check. Emotion is the big killer when it comes to trading. However, if he's exiting because he spotted a change in the direction of the market; then it's a wise decision. That's why I said it's a two-way thing.

[shushu9977]

In trading there are both weak and wise. I think, If you make profit from any coin, then take it profit and left on. After that, he should invest other coin to take profit. I do it rapidly.

[Essential10]

The decision to exit a trade with partial profit does not reveal the strength or weakness of the traders but is a strategic decision. I generally do not agree with this opinion, as if a trader truly believes there is a possibility to exit a market with profit, then they would have the full capability to gain full profit. This is simply a matter of comprehensive research, proper evaluation and a well-defined trading plan. It is only a mistake. In reality, most traders spend most of their time keeping themselves stable or taking verbal or creative risks that follow personal emotions and commercial endeavors.

[Bitcoin_people]

Most of the times it is seen that intelligent and wise people never face loss in trading but gain profit and success. But many times it is seen that many weak traders come to trading and facing loss they always fail in this trade. But many a time weak traders stick with the market and gradually get wiser at which point they get a share of the profits. If we always think about something good and deeply, we can definitely get good results, and prevent ourselves from losses and not lose in business. When you take a wise decision, good things await you, when you think something irrational, you are bound to fail. That is why in the field of trading and business always think deeply and trade wisely only then you can succeed and not fail.

[Awaklara]

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 situation of the asset market we are trading. Indeed, sometimes the situation does not match what we planned. and that means we have to decide to go outside the plan and make a profit even if we don't reach our target. I prefer that rather than having to continue taking risks if the situation does not allow for asset movement towards our target.
as traders we have to think realistically to make a profit. So some traders do make several price target plans that might be achieved. and if the situation does not allow it, we must be satisfied with whatever we get.

[carlfebz2]

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.

Another characteristic for both the weak-trader and the wise-trader are, the weak-trader has too much love for his money and he/she is afraid to lose it. To have the conviction to invest and see the whole investment through, we need to separate ourselves from such emotions. For the wise-trader, he/she studies and does his/her own research on the intended asset. That's probably why wise-traders have more conviction to avoid the mistake of selling the asset too early because he/she knows that current market value isn't the real asset value.

Being weak doesnt mean that it is really that bad or someone who is really that having no chance on making money. It is really just that there are people who doesnt really like to take risks but rather they would really be sticking in on the things that they do know that it is really something that they could be able to bare out or would be able to take since not all would really be that risk takers. This is why we would be calling them weak but being weak isnt really that bad. If they do see that it is really that something that do benefit them or doesnt experience loss that much then it should be fine. Lets just mind with our own
business and proceed out on what are the things that we do really like to do so.

We do know that risk taking would be a personal kind of choice, risk tolerance or level would really be different into each individual on which it is really just that right that
you would really be going into the path on which you do saw that it is really that less risky for you. Not all would really be risk takers and this is why
actions would be made would really be that different to each other.

[Dr.Osh]

Selling the assets we own when we are in a profitable situation is one strategy to obtain optimal results and minimal risk. This can be said to be wise decision-making because quite a lot of people target high profits, but they are greedy and sell too late. However, as long as he sold at a profit, it was a good thing. The important thing is to prepare for the next thing to do. Moreover, we cannot judge someone to be a weak trader, just because they sell quickly. because people who play short also sell when the price starts to rise

[EarnOnVictor]

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?

There is no perfect decision in trading, and there are times that you would close the market at some almost-perfect time, you are only lucky at that time, and there are times that you would not close it and the market would move much against you, which is a time you are not lucky. And there are times that you close the trade but the market will continue to move in your favour, for this, there is nothing perfect in the market, it all depends on your trading system and risk affinity. However, you should let your trading system guide you, with the trading system, you have your trading strategy and plan, so it's not as if you are gambling but are actually trading and know what to do. Just don't believe you missed out when the market moved more in your favour when you had closed it, what if it goes otherwise? This is why your trading system is there to balance things for you, at least you would have the average.

There are times that it would save you from a huge loss, and there are times that it will cause you to win a little, but it doesn't matter. What matters is the level of accuracy of the trading stem, if it's high enough that it can sustain constant winning for a reasonably high number of times, then it's worth using. The bottom line is that there is no perfect trading and perfect market predictor, we are all trying to be sensitive towards using what we know well and get to be contented with our trading results and avoiding, guilt, greed and overtrading as much as we can.

[Richkiedx]

being weak in trading is only at the beginning, as you spend time in the trading industry, you first know all the ins and outs of it and that's when being wise comes in

many of the traders have a high risk but a small risk reward ratio, why are most afraid of losing so they don't extend tp anymore the weak made wise

[Peanutswar]

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?

Before committing to a position the trader needs to plot a basic TA on the chart at least so they can identify if the position they are wondering will make them profit it is just a higher risk to trade and step back and wait for another position opportunity to trade with. But if you really urge that you just need to make sure that the TA you settled will cater for you at least have an SL and TP so you have a backup incase you fail those risk positions. But for me if you are not well with that position you want better to step back.

[Coin_trader]

Another characteristic for both the weak-trader and the wise-trader are, the weak-trader has too much love for his money and he/she is afraid to lose it. To have the conviction to invest and see the whole investment through, we need to separate ourselves from such emotions.

There’s nothing wrong to love the money because that will make you more careful on your trade. Love of money and fear of losing is different matter because the later part is due to investing what he can afford to lose.

I love the money that I use on trading that’s why I value it too much. I only invest with minimal risk on low risk token such as Bitcoin. This way I’m not becoming greedy to venture out on shitty altcoins.

For the wise-trader, he/she studies and does his/her own research on the intended asset. That's probably why wise-traders have more conviction to avoid the mistake of selling the asset too early because he/she knows that current market value isn't the real asset value.

Fair point. This is the typical trader that knows what he is doing and not just aiming for profit.

[crwth]

You're not making sense. There's no end to trading unless the world stops or something. It's either you decide or you get satisfied with the amount you have profited in the trade. You need to have a good plan when you are trading and you need to know when that entry and exit is and not say that "until the end". That's not going to be effective.

[DVlog]

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?

My approach is to remove my seed money if my trade is running on profit. I will keep my profit in there to grow with the price so my investment will not be in danger if anything bad happens with the market. Sometimes we only sell the profit and keep the seed money to grow. This is risky because the market won't go straight up it goes ups and downs so there will be plenty of chances to reinvest if you really like the project.

Some people don't book profit at all by thinking this will go 10X or 20X.  This is possible but there is no guarantee that it will so keep this in mind don't let it become your regret.

[knowngunman]

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?

But is this a sign of weakness? In my opinion, No! This is a common practice among traders and it's often done as a way to manage risk and protect their capital. In fact, many traders use this strategy as part of a broader risk management strategy. Some traders may prefer to hold on to their positions for longer periods of time with the hopes of capturing even greater profits and some may prefer to take smaller and more frequent profits or cut their losses quickly to minimize their risk exposure. So, I think taking profits in this manner is a very individualized decision that depends on each trader's risk tolerance and strategy and not a sign of weakness at all. Some times, your target might not be hit before the market will starts going against you and you will regret not taking the profit earlier.

[terrific]

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 are a profitable trader when you exit with a profit. There's no need to say that you're a weak trader because you just barely made profit.
Or you can say that you're wise because when there's a profit, you have taken it out with you and that's the essence why we're trading.
We're trading for profit. Regardless of the amount that you have reached or your goal hasn't met but you're still in profit, that's what matters.

[2girls]

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 are a profitable trader when you exit with a profit. There's no need to say that you're a weak trader because you just barely made profit.
Or you can say that you're wise because when there's a profit, you have taken it out with you and that's the essence why we're trading.
We're trading for profit. Regardless of the amount that you have reached or your goal hasn't met but you're still in profit, that's what matters.

Profit is the thing not matter how much you are going to take from a single coin or project and no matter in which area you are taking at trading.

But mostly in the trading profit are compared on the first place like you said. Most commonly the users which have some problem like the greed in their trading is present they want more and only more but at the last they were all in the loss even just for some points in the price up.

These things mostly harms the traders but the traders who are good thinkers they only focus on their profit no matter how less it has but it should be in the form of a profit.

[idarasun]

cut-
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?

According to some sources: In trading, the concept of “weak or wise trader” is not mentioned absolutely. Every trader has a unique strategy and key to success involving a trading plan, risk management, and market analysis. Success depends not only on profits but on the ability to manage risk, learn and adapt to market changes.
However, it all depends on their strategy in trading, profit and loss are two things that cannot be separated, and are the law in the world of trading.