Maximizing profits, a skill every trader should know.

[rachael9385]

There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.

I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.

After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.

Developing a strategy is actually the most part of the hard work when it comes to trading because if you don't carefully figure that out you'd end up making a lot of mistakes and losing consistently. After developing a strategy another thing is to utilize it well to get profit just like what you said but if risk management isn't involved in all of these then you are not going to achieve much in a long term

[Ziskinberg]

There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.

All traders want to do that, especially to get maximum profit. It's just that what happens is different, expecting maximum profit also takes greater risks. There are also traders who do not push to get maximum profit, as long as the profit is satisfactory and according to target, there is no need to be greedy to get a bigger profit. The market can move to change direction in a short time and change the profit situation into a loss.
Every trader has their own strategy and planning. Stay focused on what you do. The most important thing is not to push yourself too hard.

It’s certainly the ultimate goal of every trader, to maximize its profits in the market. However, not all traders have the capabilities to make it happen due to lack of knowledge and experience, and some also lack of momentum to push their trading skill to the highest. They find it convenient enough just to make small but consistent profits, rather than to use leverage in trading and lose all their future profits with just a blink of an eye.

[BABY SHOES]

I don't think it's all about strategy and technical analysis. It's all about risk management IMO. It's essential to understand the importance of risk management and implement the correct stop-loss orders and diversify investments to protect your capital. It's best to preserve. Don't gamble away your capital. You would be doing that without risk management.

Not only the two parts mentioned by OP but in trading there are many strategies that must be applied including risk management, this is important to overcome losses so that they are not severe, especially with stop-loss orders. Including fundamentals, and this analysis is also needed in trading to maximize profits, then the percentage of capital I think this is important because if all capital is entered into trading then this will be a big risk.

[Maslate]

If only all traders have the potentials to maximize their profits, then they would all turn into millionaires any moment from now. But the problem is, majority of the traders are actually losing, while only few, selected traders are making it big with trading.

Of course, every trader aims to make unlimited, huge profits from trading. But always know that there is high risk when trading, and if you’re not professional enough, then it’s hard for you to make the most of trading.

Knowledge, skills, strategies and reliable experience are the keys to gain maximum profits from trading. It’s just that only limited traders have all these traits and potentials.

[tvplus006]

I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.

The main thing for a trader is not to lose his money when trading, and maximizing profits is the second step to making a big profit. So no matter how many strategies you use, but without following risk management, you will eventually lose your money.

[freedomgo]

I don't think it's all about strategy and technical analysis. It's all about risk management IMO. It's essential to understand the importance of risk management and implement the correct stop-loss orders and diversify investments to protect your capital. It's best to preserve. Don't gamble away your capital. You would be doing that without risk management.

Not only the two parts mentioned by OP but in trading there are many strategies that must be applied including risk management, this is important to overcome losses so that they are not severe, especially with stop-loss orders. Including fundamentals, and this analysis is also needed in trading to maximize profits, then the percentage of capital I think this is important because if all capital is entered into trading then this will be a big risk.

While risk management and trading strategies are of great importance, let’s not forget that trading without discipline will not lead you into profits. Greed will cause your trades to fail, thus losing the opportunity to gain significant profits while trading. Also, patience is crucial when trading. If you want to hit your target goal when trading, make sure to wait for the right timing to trade, to maximize your winning potentials despite of the market uncertainty.

[BABY SHOES]

I don't think it's all about strategy and technical analysis. It's all about risk management IMO. It's essential to understand the importance of risk management and implement the correct stop-loss orders and diversify investments to protect your capital. It's best to preserve. Don't gamble away your capital. You would be doing that without risk management.

Not only the two parts mentioned by OP but in trading there are many strategies that must be applied including risk management, this is important to overcome losses so that they are not severe, especially with stop-loss orders. Including fundamentals, and this analysis is also needed in trading to maximize profits, then the percentage of capital I think this is important because if all capital is entered into trading then this will be a big risk.

While risk management and trading strategies are of great importance, let’s not forget that trading without discipline will not lead you into profits. Greed will cause your trades to fail, thus losing the opportunity to gain significant profits while trading. Also, patience is crucial when trading. If you want to hit your target goal when trading, make sure to wait for the right timing to trade, to maximize your winning potentials despite of the market uncertainty.

Sometimes it is indeed the greed of many traders who fail because they want too much profit but in reality they regret not taking profit at the right time. Discipline is important but some traders still violate this rule including from patience that they cannot control, so indeed for trading we must be able to control all of this must be balanced with what is done.

[GreatArkansas]

(....)
After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.

Yeah, this is somehow related to risk management.
I highly suggest utilizing the risk-reward ratio for every trade you do, like sticking to your plan and planning everything before you enter a trade. Mastering this and have good dedication, it's really a big help.

[shield132]

There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.

I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.

After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.

Everyone who tries to maximise their profit, fails, that's the rule of trading. When I say maximising, I mean that you should buy at its lowest and sell at its highest, which is impossible to guess because you don't control the market.
If you have a good strategy, you will not fail either. My strategy is that I always wait and when I miss a chance, I do not FOMO, I wait until the right time comes. I try to catch the best moments and not every moment. Because of that, I've been successfully profiting since 2022, I've doubled my money for 3-4 times since 2022. Btw if I don't get the maximum profit, I don't care about that. If I sold coin at 90K and the price reached 100K, I no longer care about that, I try to forget it and to catch another good moment because when I tried maximizing profit, I always lost.

[crwth]

~snip
Sometimes it is indeed the greed of many traders who fail because they want too much profit but in reality they regret not taking profit at the right time. Discipline is important but some traders still violate this rule including from patience that they cannot control, so indeed for trading we must be able to control all of this must be balanced with what is done.

Oof. Not taking the profit at the right time is a stinger for me. I have trades that I should've taken profit with, but it was lost because I felt greedy and felt that it could go even higher. I should've switched positions, but I couldn't do anything about it anymore.

The best strategy that I have when it comes to taking profits is that "If it's worth sharing, it's worth taking" Like when you share screenshots or captures of the trade, it's possibly a great time to TP as well.

[Dr.Bitcoin_Strange]

I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.

You are right, to become a profitable trader you need to have a strategy that works and the second option you gave is also correct but one important thing that you missed to add is risk management. A trader could have the right strategy and can also know how to effectively use the strategy but because they don't know how to manage risk, they can not maximize profit but would rather encounter so much losses or even blow their accounts. The good number of times that I blew up my account was not because I didn't have a strategy that worked for me but it was because I was not taking care if my risk properly. I still use the same strategy till now and it works for me.

[AVE5]

There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.

I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.

I think this maximizing of profits in trading is somewhat that leads traders on the greedseof loosing their funds.
To me if a trader has got some good trading strategies that's to bring him success, there should should be need to maintain that strategy but if we must maximize, then it should be diversifying of the profits probably on investing in some reliable good assets like bitcoin because investing on the stocks might seem too tedious to handle due to market and economic wars while investing on alt coins are even more riskier like you're gambling at all courses including your trading.
So Ideally, maximizing your profits should be on the commendation of diversification and not trying to improve/increase your risk capital just to make higher profits.

[doomloop]

Not only the two parts mentioned by OP but in trading there are many strategies that must be applied including risk management, this is important to overcome losses so that they are not severe, especially with stop-loss orders. Including fundamentals, and this analysis is also needed in trading to maximize profits, then the percentage of capital I think this is important because if all capital is entered into trading then this will be a big risk.

While risk management and trading strategies are of great importance, let’s not forget that trading without discipline will not lead you into profits. Greed will cause your trades to fail, thus losing the opportunity to gain significant profits while trading. Also, patience is crucial when trading. If you want to hit your target goal when trading, make sure to wait for the right timing to trade, to maximize your winning potentials despite of the market uncertainty.

But I don't think we can perform risk management correctly if we don't have a discipline. If we apply risk management correctly, I think we can only obtain minimal profits, so greed is still responsible when it comes to making significant profits. No I'm not advising it but I'm just explaining. Patience on the other hand seems to be connected with discipline. Each of us can have their own goals. Some only like it slow but some wants it fast.

As long as we are seeing a good result, then why not? Market is already uncertain by default but the trading market (especially the crypto one) never sleeps. But even if we are only investing, we still can continue buying or do a DCA method.

[Josefjix]

After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.

Maximizing profits is one thing I wanted to learn in trading. After got some profits from trading I have alwasy a tendency to cashout sometimes rather than invest or reroll it as capital on trading again since Ive got plenty of experience losing those profits than cashing them out instead. I like the strategy but isnt those are general advise.

I think you have problem maximizing profits because you wants it when you dont actually need the outcome for spending, its no crime leaving your profit in your portfolio while the value changes, the moments you create the urge of cashing out your profits while innerly there is no strong reason for that is doom to collapse over time.

Once such strategy is developed, the act of been selfish with your profits is developed, you will eventually have a successful trading career.   

[MArsland]

After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.

What's far more important is being able to manage trading behavior.  I mean, You know when to stop after taking profits. Greed disguised as a desire to maximize your strategy can lead to disaster. Remember, you can't control market volatility, but you must control trading mentality. Many traders fail not because of a flawed strategy, but because they start to get emotional.

[EarnOnVictor]

I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.

These two points are still circling around the same meaning. Having a strategy means you know how to use a specific trading approach, which makes it called a "strategy." If A trades with an indicator in a way, and B trades with the same indicator, but with a twist, that means B has created a strategy different from A, despite using the same indicator. But still, they are their strategies, not anything else.

Perhaps you wanted to explain it from the angle of a "trading system." If that is the case, then you need to explain a different term entirely, other than calling it a strategy.

[Asiska02]

After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.

Having a good strategy to augment your time in learning is very important because it makes you further reduce your focus into something not too bulky which makes you to have even more time spent on one strategy and learn more of the characteristics features that makes it become a profitable means of achieving success in trading.

Strategy comes in different forms and as it is said, practice makes perfect and while focusing on one strategy, it becomes even more simple and concise to learn and perfect the strategy. The market is really complicated but breaking it down more to sticking to a strategy gives room not to make a lot of analysis without results.

[passwordnow]

And maximizing profits can even lead to losses.

How?

I don't think a trader at the verge of maximizing his profit would lose same profit if already gotten, except he doesn't know the right technical tool to use to safeguard what profit he had already made. For example, if a trader has made a trade order and he is in profit, he could just apply the stop loss to either his entry point to hold back his capital even if the price jump or move on the wrong direction of his order or he adjust the stop loss to slightly at a point where he can take a little profit while allowing the trade to continue as he maximize his profit. Like if you are buying btc/USD at $107,000 and the price have already moved up to $108,000 , you can simply adjust your stop loss to $107,500  while the market is still continuing. By this example, you would have made $500 if the price comes back downward but if it continues up, you are maximizing your profit and still retaining your capital.

It's because of the discipline. Someone who's not contented with the $100-$1k gain per trade would think of maximizing his time and think of a better profit. So, that's when they're also leading themselves to losses. We can't dictate all traders to just take a little profit from what they've gained and just be happy with that. There could be some but this usually happens and personally it did happened to me. But it's a different situation from a trader who's staying in spot and that's where your explanation is applied. But to the margin traders, that's when they can potentially lose everything.

[Japinat]

In order to maximize trading profits, aside from using well-tested strategy, it’s also crucial to practice proper risk management and be disciplined when trading in the market. A good and reliable strategy can be a lot useful, but sometimes it cannot guarantee profitable outcome without exercising risk management and proper attitude while trading.

It’s good to make minimal but consistent profits, but it would be a lot more favorable for us if we can maximize generating profits because that will definitely make us become rich in a short period of time.

[Botnake]

There are traders that have a good strategy that they use in the market, but still are unable to maximize profit they make.

I think that success in trading is in two parts, which is
- First having a strategy,
- Secondly knowing how to utilize the strategy to profit well.

After learning the first, it is important to learn the second else you will be a trader with a strategy that should work, but no profit to show for it. When you hear of traders who were successfully able flip small account sizes to big ones in a short time, it is not just because of their strategy alone, it is also due to understanding of how to maximize profits and minimize loss.

Developing a strategy is actually the most part of the hard work when it comes to trading because if you don't carefully figure that out you'd end up making a lot of mistakes and losing consistently. After developing a strategy another thing is to utilize it well to get profit just like what you said but if risk management isn't involved in all of these then you are not going to achieve much in a long term

Utilizing your strategy well to maximize your profits won’t never be possible if you fail to apply certain risk management. Risks will always be there, so you have to overcome or lessen it first through an enhanced strategy prior to hitting your goal of maximizing your profits. When that happens, that’s the time that you can go through maximizing your profits, but should never get carried away by greed as well as it can only ruin your trading strategy and the goal you have set within.