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

[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.

[adpinbr]

Well like I said greediness has really cost a lot of loses in some people because they have refused to take out profit after getting some profit, they feel like it will come more, meh sometimes it is good to take out some profit to avoid unnecessary losses or going down on your portfolio, please let us be wise because it is the smartest decision that someone should take, take out some profits first and you Bvn’s still continue trading

[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.

One of the common mistakes of some people is on the time that they do make themselves greedy on which it causes for them to messed up their lives just because they do lack of having that kind of securing out their profits on which this causes for them to have that kind waiting game on the time that they do become that greedy.We do have that saying that you cant be rich if you wont take profit and this is something that you should be putting up in mind.

Always set taking profis because if you dont then you are just having those unrealized profits and its something that not been realized and on the moment that market crashes or on the time that it do make out such correction thencyou had just missed up on making money and would really be giving out that kind of regret and this is somewhere you should really be that realizing that this is a must thing that should be done.

[senyorito123]

I believed being greed is more important to avoid profit loss, that proven because those old days I never had that mindset. My confidence was out breaking thinking that I wouldn't experience any problem with my holdings.
Unfortunately, when bearish came around year 2018--2019 everything went so grey and in fact it gave me a lot of emotional stress which was really hard to cope up.

[adpinbr]

Sometimes you can’t really predict on it because it is difficult to analyze must times, sometimes if you take your profit and it happens to be that bitcoin have increased and you will say you wouldn’t have taken profits if you had known, it is just a simple fact, you need to get your algorithm very well and understand the information on the trading, why is the down fall of coin and does it going to go down continuously? What do I have to do and you should get all this fact before you take your Action and it will all get straightened.

[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.

Once the greed has really entered our thoughts and we have absorbed it, for sure you are under control of this; you are no longer in control. That's why others always say that we should
learn to have self-discipline and control ourselves.

When the two things that I mentioned that a trader should have are gone, for sure, no matter what happens, greed will easily enter and the opportunity to take profit will be lost
because the self-control that is called for will no longer exist.

[Vinaa77]

Once the greed has really entered our thoughts and we have absorbed it, for sure you are under control of this; you are no longer in control. That's why others always say that we should
learn to have self-discipline and control ourselves.

When the two things that I mentioned that a trader should have are gone, for sure, no matter what happens, greed will easily enter and the opportunity to take profit will be lost
because the self-control that is called for will no longer exist.

Greed will always make us lose the opportunity to gain the profits we have obtained in the hope of getting more profits, but we don't get this so we don't get any profits from the trading we do and we lose the opportunities we get. Of course, it is important for us to be able to control ourselves when trading so that we don't do it with greed, because if we can't control ourselves when trading, it will be difficult for us to make the right decisions when trading and this will make us lose.

[Ricardo11]

In crypto one should focus not only on profit but also on long term holding. Crypto certainly has risks, such as the risk of losing money. We must always be able to manage this risk. For this we must invest the amount of money, the amount of money that we are ready to lose, or the amount of money that if lost, it will not affect your daily life.

[CageMabok]

In crypto one should focus not only on profit but also on long term holding. Crypto certainly has risks, such as the risk of losing money. We must always be able to manage this risk. For this we must invest the amount of money, the amount of money that we are ready to lose, or the amount of money that if lost, it will not affect your daily life.

Several focuses should actually be considered important for investors and also for traders, because if investors are more dedicated to long-term ownership, of course what they have to think about is how to save their investments and what assets are more suitable for investing in the long term. Meanwhile, traders only need to see what assets are suitable for them in short-term trading in order to gain profits and also consider their own capital so that it doesn't just disappear, even though they are also very prepared if their capital runs out when they don't get a profit from their own trading.

[Fredomago]

Once the greed has really entered our thoughts and we have absorbed it, for sure you are under control of this; you are no longer in control. That's why others always say that we should
learn to have self-discipline and control ourselves.

When the two things that I mentioned that a trader should have are gone, for sure, no matter what happens, greed will easily enter and the opportunity to take profit will be lost
because the self-control that is called for will no longer exist.

Greed will always make us lose the opportunity to gain the profits we have obtained in the hope of getting more profits, but we don't get this so we don't get any profits from the trading we do and we lose the opportunities we get. Of course, it is important for us to be able to control ourselves when trading so that we don't do it with greed, because if we can't control ourselves when trading, it will be difficult for us to make the right decisions when trading and this will make us lose.

greed mostly decieve traders, there's situation where you need to sell as you already have some decent possible profit but because of greed instead of taking it you push and try to earn more, eventually the market will fall back  and that opportunity got wasted, while in some situation instead of making more money but because of greed we made an early call and missed that opportunity to earn more.

Though, it's always better to take the profits whatever position you are and even how small it was, profits still profits and that counts on you positive results.

[Gaza13]

In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.

The main thing in this case, if we see profits in front of our eyes, we should take those profits and enjoy them, usually most people are too greedy to get much bigger profits, precisely what you are experiencing yourself. It is true that trading can make money or profits very quickly, but this job is not easy for everyone to learn, it will definitely go through a very bitter process in running it, losing a lot of money and so on. Can you quickly recover from your losses? In my opinion, the opportunity will always be there for you to recover, this depends on how you respond to previous failures that happened to you.

[khiholangkang]

In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.

The main thing in this case, if we see profits in front of our eyes, we should take those profits and enjoy them, usually most people are too greedy to get much bigger profits, precisely what you are experiencing yourself. It is true that trading can make money or profits very quickly, but this job is not easy for everyone to learn, it will definitely go through a very bitter process in running it, losing a lot of money and so on. Can you quickly recover from your losses? In my opinion, the opportunity will always be there for you to recover, this depends on how you respond to previous failures that happened to you.

But it is true that we need to go through all the failures including feeling that we are too greedy to ignore taking profits without realizing that we need to take profits at that time, and here it also shows that we need to have a profit target so that everything can be measured properly when taking profits in the crypto market where price fluctuations are very high.

I made this mistake several times because I didn't have a profit target so I lost a lot of money and my profit went to zero when we didn't have clear goals in our trading activities.

[Egii Nna]

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

To me, I don’t take it as greediness, but I define it as either emphasising more or a certain price and believing that you will surely get that, which is sometimes useful, but most times it comes to a big regret, and most of the time it usually affects those that trade or invest with a small amount, so it is possible for them to be expecting a certain price that will be based on expectation, but losing is constantly 

Let's take an instance where you invest $30 when bitcoin is at a rate of $30,000. In shout time, bitcoin increased to $32,000. From there, you know you have a profit of $2 based on the money you invest, and you have a potential that bitcoin can reach $60,000 so that you can get 2x of your investment. Then you see the bitcoin reduce down to $26,000, so will you remove it to avoid losing it since you have already put your potential on $60,000 and you lost the small profit you earn? or you will take the risk and wait for a miracle? 

[boyptc]

In crypto one should focus not only on profit but also on long term holding.

What if I paraphrase that and one shouldn't only long term hold but also take profit. 

That sounds better IMHO because many of the long term holders forget to take their stack and get profits from it.

Crypto certainly has risks, such as the risk of losing money. We must always be able to manage this risk. For this we must invest the amount of money, the amount of money that we are ready to lose, or the amount of money that if lost, it will not affect your daily life.

I totally agree 100%.

Most of the holders and investors are investing money that they can afford not to have because it will just grow on its own and they wouldn't be reliant on it.

But the catch is once it grows, that will entirely going to change their lives for avoiding the temptation of selling too early but not too later. So, it's just all about proper timing and right time.