Take Profits! Its important!

[GeorgeJohn]

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

Take your profit it is the most important thing who ever that is a trader into cryptocurrency especially have to understand that you don't need to be greedy in any of your investment because sometimes greediness is one of the things that affect anyone who is into cryptocurrency investment especially someone who is into bitcoin, even in a day trading you don't need to be emphasising on a particular point that you will make a profit, it's better you make a small profit than losing everything

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[BD Technical]

No matter where we miss, money is important. If you don't have money, brother, you have no value. Everyone earns money. Everyone is after money. The world has become a slave to money. Without money, no one gives value to anyone.  If you have money then everything is there if you can invest in a good place then you will get money and you will be able to earn income if you do trading or anything else trading is not like your gambling then ablution and something like that.  Because 2% scale and wake up 98 percent is luck luck if you don't have time dating you can't gain then scale is expensive brother if you scale or if you know you can pull hundred percent with your school.  But time can't bring real in case you have to think or think about income.

[shinratensei_]

Take your profit it is the most important thing who ever that is a trader into cryptocurrency especially have to understand that you don't need to be greedy in any of your investment because sometimes greediness is one of the things that affect anyone who is into cryptocurrency investment especially someone who is into bitcoin, even in a day trading you don't need to be emphasising on a particular point that you will make a profit, it's better you make a small profit than losing everything

as many have said a profit is a profit its better to be a profitable trader than just holding on for too long due to greediness and then lose that profit that don't get realized its gonna be silly to lose profit just because we are holding too long having too much high of an expectation towards the bullrun but sometime a trader or investor also have their share of reason why they keep holding onto their investment as long as it is a good reason then it make sense for holding despite already hitting all time high.

but many times people are just get too intrigued with the profit that they might potentially earn from trading or investing that they decided maybe holding might be a good way to further increase the profit not knowing that usually market dumping can happen in just a blink of an eye then the market become bearish, remember that pumping happens slow and dumping happens fast, because with pumping people are full in doubts whether the price gonna keep going up and with dump people are so fearful of losing their money so they cut loss or dump earlier.

[doomloop]

Greed has no room in trading. If you trade just because you aim to be instantly rich, that will definitely hard to be realized if you don’t know when to take profits even the smaller portion. Note that profits should not always be huge for you to start taking it, regardless of its amount, you should learn to be satisfied at some point and take it, otherwise you will end up losing all your patience while waiting for massive profits, and yet the market still end up dumping. And now you end up regretting wishing you were never greedy in the first place.

That's true, and one should never wait too long if they are not sure about a cryptocurrency they have bought, one should always start low and then keep increasing their budget on such cryptocurrencies they are trading. If we become greedy from the start, we won't even be able to get a small amount of profit but will lose money instead.

The most important thing is knowledge, and one shouldn't trade cryptocurrencies that they don't have any knowledge about. A lot of new traders make the same mistake, they start trading certain cryptocurrencies without having any knowledge about them and their movements, and eventually, they lose money out of their invested capital in those cryptocurrencies.

[taufik123]

-snip-
The most important thing is knowledge, and one shouldn't trade cryptocurrencies that they don't have any knowledge about. A lot of new traders make the same mistake, they start trading certain cryptocurrencies without having any knowledge about them and their movements, and eventually, they lose money out of their invested capital in those cryptocurrencies.

It's good to study and analyze the coin you want to invest.
I always do that to find out how good the coin is for the long term, but if you invest in Bitcoin or ETH, it no longer requires detailed analysis,
just knowing when to buy and when to exit with a profit.

Those who do not know anything about how to do trading strategies, management, of course they will not know what to do after buying and holding.
In the end, it will only panic when the price drops from the initial purchase limit.


source: http://www.binance.com

[armanda90]

It's good to study and analyze the coin you want to invest.
I always do that to find out how good the coin is for the long term, but if you invest in Bitcoin or ETH, it no longer requires detailed analysis,
just knowing when to buy and when to exit with a profit.

Those who do not know anything about how to do trading strategies, management, of course they will not know what to do after buying and holding.
In the end, it will only panic when the price drops from the initial purchase limit.


source: http://www.binance.com

For trading in altcoin exactly with new coins requirement more researching and analyzing except investing in bitcoin or ethereum during not entry on the most higher price moment. Usually the new trade excited invest with some altcoin have grow up significant percentage and lack researching before keep worth or not to buy some coins break out most higher price.

Before entering the world of trading in cryptocurrency, there are many things you need to pay attention to, starting from analyzing the coins you want to buy and still being able to control your emotions so as not to panic sell when the price undergoes correction. Most important have to memorize keep prefer taking profit first when coins investment have reached higher price and earn much profitable.

[husencoe]

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I think everyone who joins crypto is because they want profit. Investment is something that is a stake to gain profit, and of course has risks. It is highly discouraged to invest with your hot money so that when something bad happens, it doesn't completely disrupt your life. If you just want to keep your money safe, you can store it in banks, gold, land or on real estate. And that is also an investment and also has their own risk.

Indeed, you are right, sometimes we are too late to take advantage of the moment. And that's an investment that can sometimes go up, other times it can go down. And I think that is a common thing and happens to everyone. Therefore, we must always maintain our investments by continuing to monitor prices and trends. And never be greedy with profits. Usually this is because greed arises so that we forget about the initial investment plan.