Republikcoin.com
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February 20, 2024, 06:53:42 AM |
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Those who delay taking profits for various reasons that they have of course this can make them miss the profits they have made and have to wait for a price that can be profitable for them again and this is very difficult because we have to wait again and if the price cannot return Of course we will experience losses in the trades we make.
In terms of trading, you must always prioritize profits while they are still clearly visible in the market, although it is also not wrong if a trader wants to postpone taking profits when he has seen them for quite logical reasons. Because bigger profits are still possible to obtain as long as he can wait and be patient with market conditions like today, which everyone has probably realized that current market conditions are still quite possible for traders not to immediately sell their holdings. What you said is right, this is not about taking risks in investing and we also need to control ourselves from greed in trading and investing so as not to experience losses that make us lose the assets we have because of this greed.
In the investment category, this should be done more differently if what is invested is Bitcoin, because Bitcoin can be quite possible to invest in the long term so you don't have to sell it in the short term even though you have made a profit. Moreover, in this year everyone has probably seen some of the positive effects that have occurred in Bitcoin so it is quite reasonable for Bitcoin holders not to be too afraid to hold and not too reckless in taking small profits through increasing prices in the market at this time.
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CryptoBuds
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February 20, 2024, 07:41:56 AM |
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~snip~Not all people who hold earn more, sometimes they lose the chance. It is very clear to us how the volatility of the market has given us the opportunity to buy low and sell high. Unfortunately, we usually miss it because of our greed and market temptation. Sometimes FOMO also have an influence on our decisions.
FOMO and greed both have an influence on the final decision. Even though you have made a profit, you still don't have enough and you are not satisfied, but when the price starts to fall you panic and want to sell. controlling not to indulge in fomo and greed is very difficult. Earning more will be very difficult when greed cannot be controlled. there would be no top targets achieved, even having a small advantage was already quite lucky. Traders wouldn't want to take away profit and leave, instead they will want to build on having more and at the cause they continue to loose instead of making the intended profit, trading is not what we can go into without first understanding the kind of person we are, this is not about taking risk on investment, we should also learn to play safe with our investments, fear and greed should be dealt with in anything we are doing in cryptocurrency. It sounds easy to say and it's easy for us to give advice to others. But when we find ourselves in that situation, can we do what we advise others to do? Greed and fear are two things that very few people can control or control. We need to have many experiences and lessons, not just simple thoughts and thoughts that we can do it. Most people lose money in the financial markets so due to their greed, and you can easily see that there are not too many people who make money in this market.
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justdimin
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February 26, 2024, 02:12:30 PM |
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Those who delay taking profits for various reasons that they have of course this can make them miss the profits they have made and have to wait for a price that can be profitable for them again and this is very difficult because we have to wait again and if the price cannot return Of course we will experience losses in the trades we make.
What you said is right, this is not about taking risks in investing and we also need to control ourselves from greed in trading and investing so as not to experience losses that make us lose the assets we have because of this greed.
They may have various reasons but all of them needs more money in general for them to do such act, but they can always do it in a much safer way, and that is by securing most of their profits first and just leave a couple of coins just in case the price continues to rise, but if not, losing it won't be that heavy for us to accept because it's only just a small amount anyway. Waiting might be difficult for some who lacks in patience, but I am sure all traders has patience because trading is also not easy, so they can definitely wait if they want to earn more profits. We might be doing trading here but it seems this variation of trading we are talking here still has a resemblance of investing.
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michellee
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February 26, 2024, 02:24:59 PM |
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Those who delay taking profits for various reasons that they have of course this can make them miss the profits they have made and have to wait for a price that can be profitable for them again and this is very difficult because we have to wait again and if the price cannot return Of course we will experience losses in the trades we make.
What you said is right, this is not about taking risks in investing and we also need to control ourselves from greed in trading and investing so as not to experience losses that make us lose the assets we have because of this greed.
Many people delay taking profits because they want bigger profits. If market conditions are good, higher price increases can be achieved. But market conditions will not always be like that. We must be wise in taking advantage of the situation. Maybe they can sell some of the coins to make a profit. They could still hold onto the remaining half if the price could continue to rise. If the price immediately decreases, at least they have taken the profit and can buy again at the lowest price. It's about how we can take advantage of the situation. Most people, when they see a high price increase, don't immediately sell their coins but wait a while to make sure the price can rise again. This is what causes them not to take advantage. This should not have happened and they can take advantage of it.
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Outhue
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February 26, 2024, 03:47:33 PM |
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You can never win as a profit taker, all you need to have in place is good profit taking strategy, I sold some altcoins willingly today because I am in huge profit, like over x10, I believe that's a good gain already, and I am still holding some, I plan to use this money to invest in some early start up projects, it was how I found the x10 project anyway.
I have many alts that are up in massive gains, and taking profit in this period of time is not what I always do, I prefer holding until bitcoin makes a new all time high but the gains are just too much, and k started feeling like a bigger correction before the upcoming Bitcoin halving is likely.
It's always those who got greedy that keep missing out, anything from times ten of your initial investment is already good enough, I mean you can't even make this from bitcoin investment in a massive bull, so it's not bad at all to take profits.
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ShowOff
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February 26, 2024, 05:07:18 PM |
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Those who delay taking profits for various reasons that they have of course this can make them miss the profits they have made and have to wait for a price that can be profitable for them again and this is very difficult because we have to wait again and if the price cannot return Of course we will experience losses in the trades we make.
What you said is right, this is not about taking risks in investing and we also need to control ourselves from greed in trading and investing so as not to experience losses that make us lose the assets we have because of this greed. Many people delay taking profits because they want bigger profits. If market conditions are good, higher price increases can be achieved. But market conditions will not always be like that. We must be wise in taking advantage of the situation. The investment strategies you talk about may be very profitable if you have a lot of time to engage in these volatile markets. We all know that there are no restrictions preventing you from making improvements to your plan and building a portfolio, you can try anything, including selling at a high price, then waiting for a correction and buying again. Long-term holders may not like to change their investment plans and goals midway. They focus on their strategy and consistently build their portfolio over the long term. They don't sell just because prices rise a few percent, but they buy and accumulate over time and make their portfolio bigger. Maybe they can sell some of the coins to make a profit. They could still hold onto the remaining half if the price could continue to rise. If the price immediately decreases, at least they have taken the profit and can buy again at the lowest price.
It's about how we can take advantage of the situation. Most people, when they see a high price increase, don't immediately sell their coins but wait a while to make sure the price can rise again. This is what causes them not to take advantage. This should not have happened and they can take advantage of it.
There is nothing wrong if you are able to take advantage of price volatility to build a stronger portfolio. People with a low investment budget are likely to like such schemes, but not all investors do.
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STT
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February 26, 2024, 05:22:22 PM Merited by vapourminer (1) |
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Trailing stop loss is a good order to know then you dont want to compromise yourself by constantly watching and getting over anxious on every movement. Find an acceptable leeway or margin of error that might allow the price to move up and back a bit and bring your stop loss up a bit each time. When price action violates your set amount of margin of safety then you sell and you might be asleep at the time and its ideal.
I find if I watch too much, worry and over think it then I sell too early and even worse dont rebuy on any sell off. Private investors mistakes are repeated so commonly there are many sayings to describe the classic behavior but selling winners and holding losers is normal profile that we should avoid resembling in our actions.
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taufik123
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February 26, 2024, 05:34:21 PM Merited by vapourminer (1) |
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Trailing stop loss is a good order to know then you dont want to compromise yourself by constantly watching and getting over anxious on every movement. Find an acceptable leeway or margin of error that might allow the price to move up and back a bit and bring your stop loss up a bit each time. When price action violates your set amount of margin of safety then you sell and you might be asleep at the time and its ideal. -snip-
The use of a Trailing Stop Loss is quite ideal and can be very flexible for those who do not want to continue watching the charts closely. This will save time, it will be quieter because everything has been set by the trailing stop loss And there are many tools that can also be combined to complement the trailing stop loss, but as a trader you also have to understand what are the uses. The use of stop loss makes the mind calmer without excessive stress as you feel when trading without any stop loss. ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fwww.talkimg.com%2Fimages%2F2024%2F02%2F26%2FYOYzm.jpeg&t=665&c=CNAoys77MHoDYw)
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philipma1957
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February 26, 2024, 05:58:43 PM |
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I have no doubt that 60k will come this week... and we would break the pattern if the ATH comes before the halving... In this case, breaking the pattern, I ask the more experienced here: What would be the thesis of identifying the target? since we would only have psychological targets... I know that no one has a crystal ball, but I wanted to know, if possible, what yours theory is.
In the bear market, I used partial purchases on a 50% price drop to take advantage of a possible pullback... and then larger entries on a 70-75% price drop from the ATH
However, I still feel a little unsure about identifying the target, I know that the best way is to gradually go out at the average price.
Unfortunately, or fortunately (depends on your point of view) I still need to use position trade to be able to build capital.
Well what is your avg cost of your corn? Ie if you spent 30k for 1 btc. and want to sell 10% right now at 53k it means you turned 3000 into 5300. Since you want to trade you could do a ladder up for 50% of your corn which is not terrible. Ie out of 1 btc 0.1 at 53,100 0.1 at 58,300 0.1 at 63,200 0.1 at 68,100 0.1 at 74,050 that leaves you with .5 btc and over 31,675 cash which would not be a terrible partial exit for a trader. To all dca and hodl people the above is a method for a person looking to trade. myself I held 85% of my btc and did a ladder up that still has 2 legs left. I have two sell orders in 61,111 69,755 I am doing a dca with my signature earnings . This is a way to get some $cash but still stay in BTC.
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Franctoshi
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February 26, 2024, 06:50:18 PM |
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One of the tools I use is Fibonacci retracement as an indicator to start taking profit, especially when we create a new all-time that is, when we have established new levels that haven't been reached before in price, So Fibbo levels are a very good indicators to use in this case. Secondly, I take my profit from when I start to see 30% gain in my portfolios.
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Adbitco
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February 26, 2024, 08:21:08 PM |
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2. Reaching personal target goals When i was that active following up some of my altcoin investment back then I don't fails to take profits when my target is reached and met, because sometimes if we don't follow this principle we might up losing all entirely because we refused to follow up our personal target. Investment needs smart people and if you are smart enough it could be hard for you or anyone else to lose heavily in altcoin investment because I know only altcoin that people panic to sell off their investment but for bitcoin I hold tight.
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Mahanton
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February 28, 2024, 07:34:37 PM |
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You can never win as a profit taker, all you need to have in place is good profit taking strategy, I sold some altcoins willingly today because I am in huge profit, like over x10, I believe that's a good gain already, and I am still holding some, I plan to use this money to invest in some early start up projects, it was how I found the x10 project anyway.
I have many alts that are up in massive gains, and taking profit in this period of time is not what I always do, I prefer holding until bitcoin makes a new all time high but the gains are just too much, and k started feeling like a bigger correction before the upcoming Bitcoin halving is likely.
It's always those who got greedy that keep missing out, anything from times ten of your initial investment is already good enough, I mean you can't even make this from bitcoin investment in a massive bull, so it's not bad at all to take profits.
x10 on your investment or with your position is already considerable to take out those things but taking out those profits is never been that simple as it sounds. Why? If we are on a condition that we are already into these gains but whats up into our mind is that we do really like to see 100x or even 1000x and this is what we do have in our minds and this is why we would really be holding up our position and having those kind of hopes that we we would really be able to reach out those target and this is why we do caught ourselves into dumps and this is really always the usual sad story in the end of the line. This is why it would really be always best that you should really be having that taking profit no matter what gains it could give out as long it do hits up that kind target. It is really just that a matter of choice whether you would really be choosing up to hold your position or you would really be that securing profits. It is always that depending on your choice and risks taking because not all would really be thinking up on the same way.
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Hamphser
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Vave.com - Crypto Casino
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February 28, 2024, 07:59:19 PM |
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You can never win as a profit taker, all you need to have in place is good profit taking strategy, I sold some altcoins willingly today because I am in huge profit, like over x10, I believe that's a good gain already, and I am still holding some, I plan to use this money to invest in some early start up projects, it was how I found the x10 project anyway.
I have many alts that are up in massive gains, and taking profit in this period of time is not what I always do, I prefer holding until bitcoin makes a new all time high but the gains are just too much, and k started feeling like a bigger correction before the upcoming Bitcoin halving is likely.
It's always those who got greedy that keep missing out, anything from times ten of your initial investment is already good enough, I mean you can't even make this from bitcoin investment in a massive bull, so it's not bad at all to take profits.
x10 on your investment or with your position is already considerable to take out those things but taking out those profits is never been that simple as it sounds. Why? If we are on a condition that we are already into these gains but whats up into our mind is that we do really like to see 100x or even 1000x and this is what we do have in our minds and this is why we would really be holding up our position and having those kind of hopes that we we would really be able to reach out those target and this is why we do caught ourselves into dumps and this is really always the usual sad story in the end of the line. This is why it would really be always best that you should really be having that taking profit no matter what gains it could give out as long it do hits up that kind target. It is really just that a matter of choice whether you would really be choosing up to hold your position or you would really be that securing profits. It is always that depending on your choice and risks taking because not all would really be thinking up on the same way. People are naturally greedy, they wont really be taking up those profits not until they would be able to hit up those multipliers that they do have in mind. lol ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Profits is profits and this is something that you would really be needing to secure out if you are really that into crypto space on which the market is really that unpredictable. You could really be able to make money and same goes on losing money too. This is why you should really be careful on whatever decisions that you are taking. This is why it would be always best that you should really be taking profits whenever you do have the opportunity. It would be always best on having this kind of approach on whatever you are currently dealing with. Always secure profits!
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takuma sato
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March 02, 2024, 03:42:52 PM |
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I think anyone reasonable should be taking profits if you have been here from the bottom. If you got in at 15-30k you are up a great deal. In perspective, to get a 2x you need around 7 years in the SP500. Things don't go parabolic forever. Of course that BTC will go higher, but the risk of holding through a big dump is increasingly higher too as it keeps going up at this pace. Corrections are needed for a sustained long term rise without ridiculous dumps that will end up scaring future investors with higher networths that aren't going to want some insane volatility.
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Zanab247
Full Member
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March 18, 2024, 05:23:39 PM |
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I think anyone reasonable should be taking profits if you have been here from the bottom. If you got in at 15-30k you are up a great deal. In perspective, to get a 2x you need around 7 years in the SP500. Things don't go parabolic forever. Of course that BTC will go higher, but the risk of holding through a big dump is increasingly higher too as it keeps going up at this pace. Corrections are needed for a sustained long term rise without ridiculous dumps that will end up scaring future investors with higher networths that aren't going to want some insane volatility.
I believe you know that the price has rise above $50k and those that buy at $20k or $30 has make a good profits from their hodling but those that bought at $40k will not sell their BTC when the price rise to $50 because, the profit will not going to be big for them like those that sold their BTC when the price rise to $72k. Whenever you are hodling BTC for long period of time, ensure you prepare for it by having something doing that will be giving you money to buy what ever you want so that it will not allow you to touch the BTC until your target price come to pass.
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Troytech
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March 19, 2024, 08:32:46 PM |
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Personally I feel all this facts are shjt and they don't work, yeah bitcoin might show different signs to complement different outcomes but we can't well know if they would really happen, okay did bitcoin show any of these signs before going down from 72k, we can't always depend on analysis as investors,sometimes this stuff don't work and can cause you to make very bad decisions that you would regret.
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ShowOff
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March 19, 2024, 08:48:58 PM |
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Personally I feel all this facts are shjt and they don't work, yeah bitcoin might show different signs to complement different outcomes but we can't well know if they would really happen, okay did bitcoin show any of these signs before going down from 72k, we can't always depend on analysis as investors,sometimes this stuff don't work and can cause you to make very bad decisions that you would regret. I think the bitcoin chart on the daily TF showed signs of that before dump from $73k to $63k in a few days. You don't need to completely believe in any other user's analysis results if you have a long-term plan with your investment, meaning you just need to hold for a longer period of time instead of selling because of the influence of other users. Yes you will probably regret the decision to sell once the price recovers, but at least these signs can be considered if you are a trader. I don't have any problems with the current price dump, for me it is normal after Bitcoin is over bought. Price corrections give us the opportunity to accumulate, but it still needs to be adjusted to budget availability and strategy. There is no change in the plans that I am currently thinking about, even though I have actually seen the volatility of the value of my investment assets, holding is still the priority at this time.
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milewilda
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March 19, 2024, 09:33:04 PM |
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Personally I feel all this facts are shjt and they don't work, yeah bitcoin might show different signs to complement different outcomes but we can't well know if they would really happen, okay did bitcoin show any of these signs before going down from 72k, we can't always depend on analysis as investors,sometimes this stuff don't work and can cause you to make very bad decisions that you would regret. I think the bitcoin chart on the daily TF showed signs of that before dump from $73k to $63k in a few days. You don't need to completely believe in any other user's analysis results if you have a long-term plan with your investment, meaning you just need to hold for a longer period of time instead of selling because of the influence of other users. Yes you will probably regret the decision to sell once the price recovers, but at least these signs can be considered if you are a trader. I don't have any problems with the current price dump, for me it is normal after Bitcoin is over bought. Price corrections give us the opportunity to accumulate, but it still needs to be adjusted to budget availability and strategy. There is no change in the plans that I am currently thinking about, even though I have actually seen the volatility of the value of my investment assets, holding is still the priority at this time. Not really that much that hurts when it comes to that dump on which it is really just that a normal healthy correction considering that the market cant really be having that pumping state like forever. There would really be those people who would really that easily panic on the time that they've seen that the market would really be giving out that kind of decline on which even just seeing some reds into their portfolio they do really freak out on what they are seeing on which it is really just that a common thing that we could have into this market. This is why it would really be better that once you do step your foot into this space then it would be always best that you should be anticipating with those drops on which it is really just that normal. Taking profits is something that you should prioritize and never ever make yourself that too greedy because once you do have this kind of behavior you would really be that able to miss out tons of opportunity.
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