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.

It did happen to me countless number of times. The last one that I remember that caused me significant loss was when I was winning $45 already but I set TP at $50. The market later went down and I lost money a lot. As a trader, it is good not to be greedy.

In trading you don't need to be greedy in trading because on the process you have seen a profit to cash and if you refused to cash out immediately you may lose whatever you make as profit including your capital, if someone wants to be prosper in trading the person have to remove greediness and value any amount of profit that comes to it ways.

...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 would still change priorities, because if you can't make a profit, then you will have nothing to keep) Obviously, we are talking about how, as the price increases, it is necessary to fix part of the profit, which it is desirable to withdraw to fiat, so that life is more fun.

The aim and objectives of trading is to make profit, and it's obvious that before you make profit in trading you have to learn and understand the major concepts of it, because what makes people to loss for trading is when they fail to scrutinised the rudiments of Trading.

[batang_bitcoin]

Even when we understand that taking advantage is important, when we face this situation, the feeling of greed will continue to exist. I agree that if you want the long term, then bitcoin is the choice. Meanwhile, for altcoins, if you have made enough profits, immediately secure your main money, or take all the profits.

When you make money with the altcoins, the best that you can do is to convert that into Bitcoin for your own reference. That's the safest thing to do aside from converting that to stable coins so that you can also DCA while waiting for some corrections to see Bitcoin's price go down a bit. When you're selling, you're not greedy and you're just taking of your profits but as you've said, this is a long term thing and it's here to stay so before you sell, plan everything well out.

[Hallroom]

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.

If you are too greedy then you will definitely face losses, so don't be too greedy in saturated currencies. Where you can lose all your money just by being greedy. And if patience should be increased then success must be achieved. 
Your two suggestions are very good to me and will help me in the future.

[Hamphser]

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.

If you are too greedy then you will definitely face losses, so don't be too greedy in saturated currencies. Where you can lose all your money just by being greedy. And if patience should be increased then success must be achieved. 
Your two suggestions are very good to me and will help me in the future.

Greed is never been good and if you are someone whose really that trying out to make profits on just simply going further and doesnt make out some securing your capital and when the market makes some
huge correction then you would really be losing those profits and you would really be ending up on having those kind of regrets and telling to yourself that you should have that make yourself secure while
you are still on positive. This is a common mistake for most traders on which it would really be that normal that they would be pursuing on something higher but it do really have those cons
on which on the time that you would really be ending up on holding up your position then you would be ending up on getting caught on the dump. So the question is, how long you would really be
making your patience last on holding your position? This would really be something that very a normal approach.

[Strongkored]

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.

No trader can sell exactly at the highest price and when buying at the lowest price, all they do is try to predict.
Traders who are filled with fear will sell too quickly, and those who are filled with greed will continue to try to keep their coins without thinking about taking profit because they feel the price will continue to rise and when they realize it, it will be too late, so always be realistic in trading and try to take profits if there is a chance because there is a time when the price will fall again and it is time to buy again, save it again and sell at the target price.

[Ahli38]

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.

In trading, we must not be greedy and hope that profits will continue to come and think that the hype will never end. Well in trading we have to be fully aware that we have to take profits when we are already in a position to make a profit. If it is a spot market then we can take profits gradually. But if it's in the futures market, I think we can still be greedy while keeping profits from being lost by shifting the stoploss from a loss position to a profit position that we want to secure (stoploss plus). Because the stoploss function which is usually used to stop losses can also be used to secure profits. It can also be done on the spot market as long as CEX provides this feature.

[stomachgrowls]

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.

If you are too greedy then you will definitely face losses, so don't be too greedy in saturated currencies. Where you can lose all your money just by being greedy. And if patience should be increased then success must be achieved. 
Your two suggestions are very good to me and will help me in the future.

Greed is never been good and if you are someone whose really that trying out to make profits on just simply going further and doesnt make out some securing your capital and when the market makes some
huge correction then you would really be losing those profits and you would really be ending up on having those kind of regrets and telling to yourself that you should have that make yourself secure while
you are still on positive. This is a common mistake for most traders on which it would really be that normal that they would be pursuing on something higher but it do really have those cons
on which on the time that you would really be ending up on holding up your position then you would be ending up on getting caught on the dump. So the question is, how long you would really be
making your patience last on holding your position? This would really be something that very a normal approach.

You would be only having that kind of realization on the time that you do really have missed out those profits and i do agree on what you have said about on the time that you do make some trading and you have decided to hold further because you are aiming for higher gains but ended up on a disaster just because the market had crashed or corrected.

It will be that depending on what coin you have invested on whether on meme coins/altcoins/Bitcoin on which it is impossible that you wont really be able to determine which one is worth to hold
for long term and which one is really that for temporary. Always secure your initial capital on which this is something that you would really be needing to consider.

Take profits when happy and hold if you do see that it would shoot up even more but the risks attached is something that you could be able to bare up to accept
because corrections happen and on the time you do miss those profits then regrets would comes next.

[Dunamisx]

Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.

[deathcode]

Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.

means there is a problem with the trade plan made. it affects the targets that can be achieved. that is indeed difficult to do. but if that situation occurs, the trader is in a condition that is not consistent with the trading plan that he has made himself. Greed may be a reason, but I think the main one is a poor trading experience.
maybe with a few mistakes they will get better.

[snowpega]

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.

Dear, You have really started a good discussion I also believe in what you said but your saying reminds me of these things and I really appreciate that for you. I also booked some ratio of profit when bitcoin was reached $60k and then I booked when bitcoin was at the $68k price zone all the booking done was with the intention of buying back in case of if the market makes some downward moves after that I am waiting patiently for this thing to happen. On the other hand market is highly bullish and in a greed zone where they all should book some we are experiencing aggressive buying which indicates a difficult correction in the market.

Big institutions are also buying aggressively at the current price zone which looks to weird I do know what are their actuall plan behind that as we know we are near to the halving event and the market already sitting at a high level after making its new all-time high. as we know that there is a correct on the time of halving event if we look at the historical shart now i don't know why makret is highly bullish near the event of Halvinh and broke last all time high before the halving evnet.  

[Fivestar4everMVP]

"The real skill is not in making money, the real skill is in keeping it", this hit me really hard, for there are some meme coins I invested some small amount of money on, and right now, it's been a hard debate withing myself wether to take profit on them or not, I was hoping to leave them to run for a very long time hoping that the price will keep pumping, there about making me much more profit, but I guess I have to atleast, pull out the initial amount I invested and just allow the profit made to run for as long as the project is alive and booming.

The truth actually is that, we should always take profit, or atleast, pull out the amount we invested as soon as we are in profit, and just allow the profit made to run.
But still, we sometimes cant do away with the fact that some projects are just too good with a lot of potentials on the high side, and when we have not invested enough funds in such projects, we sometimes feel to just allow it run for longer for maximum profit, this is not a bad thing to do I guess?

[tiCeR]

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.

Then tell me please which BTC investor had to watch all profits fall back to zero if they HODLed until this very day? You are talking about on paper profits, but there is always an opportunity cost coming along with dumping your precious BTC. I saw people watch their profits go to zero by selling, FOMO buying back in at a higher price for less BTC, then FUD selling less BTC for a lower price because BTC price corrected, then FOMO rebuying even less BTC with the left over cash during a trend reversal, you get the point if you continue this infinitely until someone is left with nothing.

The only things that fell back to zero are coins that are not called "Bitcoin". BTC is alive and kicking more than ever. If someone sold but didn't have to for any particular reason, blame on them. If they had to, it could still be blame on them if they went all in with money that wasn't meant to be invested for a longer period of time. Volatility is both a devil and a friend and a simple look at the charts tells you exactly that. If they were hoping to catch a good wave and then get out anyway, well, that's a different ball game. Go and play poker or roulette instead.

Taking profits is right if it fits your overall investment strategy and capacity best. It depends on your individual profile and whether divestment makes sense or perhaps recommendable. But in general, BTC has proven to be maximally resilient over the years. I still think a BTC investment is a roller coaster when you look at the charts, but it doesn't have to be psychologically for an investor if they know what they are doing / buying.

[Lantind]

Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.

When we have made a profit from the investment or trade that we have made, it would be very good if we took the profit from the results of the investment or trade, because if we are too greedy in investing and trading, of course we will miss out on the profit that we have made. and this really depends on a person's personality. If they can control themselves, they can of course get the profits they have earned, but if they are greedy, of course it will be impossible to take advantage by hoping for even bigger profits, but they don't know the market conditions well. well, so it is very likely that they will experience losses on the trades or investments they make.

[2Pizza410000BTC]

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.

People get success in trading platform but due to excessive greed they cannot accept that success. I have seen many times when trading in trading platform and after some time profit appears there when profit appears we get extra greed in our mind due to that extra greed sometimes we see 0 profit instead of profit. So every trader should not be too greedy in trading platform and take quick profit with small profit. Those who take quick profits with small profits can survive on the trading platform and achieve success.

[sulendra12]

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.

It's always like this, people always to chase for highest profit possible as their "limit testing" but most of the time it's just better to stop when you have gotten quite decent profit from your trading. It's always better to stop and then choose for another coins/assets to trade again, repeat and rinse. Consistent profit is always better than going for big one but you consistently for the big win.

[Rruchi man]

The last one that I remember that caused me significant loss was when I was winning $45 already but I set TP at $50. The market later went down and I lost money a lot. As a trader, it is good not to be greedy.

You tell the traders to be patient with trading  and while trading, but sometimes it begins to feel like you mean they should be more greedy and should always wait until TP to take profit. When you are advised to be patient, it applies to your strategy of observing the market before entering, but not to taking profit when you perceive that the market  may go the other way when you are making profit.

It is always an emotional battle every trader who has been long in the market faces, if to wait or to just take profit. The strategy a trader friend of mine uses is to take profit, and then re-enter the market again with a new stop loss, so if the market goes sideways, they would have made some profit still.

[bettercrypto]

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.

There are only two types of investors: "wise investors" and unwise investors." It depends on which of the two you are; it's you or us because we know which one we belong to. However, it is also inevitable that sometimes we make mistakes, and this is usually what teaches us so that we can learn and have a good result in what we do for the future.

That's why, as investors, we try as much as possible not to waste the capital that we will use in an investment, and we also don't want to waste the time that we allocate for this kind of thing.

[stadus]

Even when we understand that taking advantage is important, when we face this situation, the feeling of greed will continue to exist. I agree that if you want the long term, then bitcoin is the choice. Meanwhile, for altcoins, if you have made enough profits, immediately secure your main money, or take all the profits.

When you make money with the altcoins, the best that you can do is to convert that into Bitcoin for your own reference. That's the safest thing to do aside from converting that to stable coins so that you can also DCA while waiting for some corrections to see Bitcoin's price go down a bit. When you're selling, you're not greedy and you're just taking of your profits but as you've said, this is a long term thing and it's here to stay so before you sell, plan everything well out.

You can actually do that if you want to focus on bitcoin, but if you’re planning to diversify your investment,  altcoins profits can lead to a good start investing in real estate or stocks. That way, you now have both long term investments that you can apply DCA as long as you can. However, make sure to maximize or allocate more funds to bitcoin than other types of investments since its ROI is bigger than the others.

[milewilda]

Even when we understand that taking advantage is important, when we face this situation, the feeling of greed will continue to exist. I agree that if you want the long term, then bitcoin is the choice. Meanwhile, for altcoins, if you have made enough profits, immediately secure your main money, or take all the profits.

When you make money with the altcoins, the best that you can do is to convert that into Bitcoin for your own reference. That's the safest thing to do aside from converting that to stable coins so that you can also DCA while waiting for some corrections to see Bitcoin's price go down a bit. When you're selling, you're not greedy and you're just taking of your profits but as you've said, this is a long term thing and it's here to stay so before you sell, plan everything well out.

You can actually do that if you want to focus on bitcoin, but if you’re planning to diversify your investment,  altcoins profits can lead to a good start investing in real estate or stocks. That way, you now have both long term investments that you can apply DCA as long as you can. However, make sure to maximize or allocate more funds to bitcoin than other types of investments since its ROI is bigger than the others.

When making investment then i wouldnt really be surely putting up all the focus on crypto space but also i would really be sticking into those known traditional investment that we do have in mind on which
we do know that it is really just that too impossible that you cant really be able to make yourself realize that having both would really be something more preferable and much better.

In speaking about taking profits then it would really be just that a common approach that you do have on where you would really be needing up to secure on whatever investment or business you could make.
We do know on what are the things that you could be able to save up and change once you do have that kind of certain state of your life when it comes to this matter.
Take profits and this has been our main target in our life on which having that kind of driving force for us to make good decisions and taking up risks just to make it happen
and this is something that standard.

[Hypnosis00]

Its important to take profit but the desire to want to make more will not allow us for that, there are many of our personal behavioral attitudes that contributes tot he level of what happens to us in trading and such is as a good example of this we are having discussion on, many could not afford to manage in taking profits and left until they found out that its already too late for them to leave after which the losses would have accumulated.

Attitude problems and market approaches are a big deal in trading. In trading, we need to be greedy, every chance to earn a profit is already a great opportunity that should not be wasted. In fact, the primary purpose is to earn, even if it is just a small amount, as a trader we need to appreciate it and stop thinking more as we never know what comes next. Many traders regret and even blame themselves as they fail to manage their emotions and greediness making them lose their money.