Maximizing profits, a skill every trader should know.

[alani123]

This is not an attainable skill

Maximizing profits claimed to be a skill is like saying you can manifest something into existence by really believing into it. This is a loser's strategy.

Go with knowledge and hedging instead. It's a much better bet to extend your profits than this wishful thinking.

[Ahli38]

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.

Having a strategy is essential for a trader. Every trader's strategy is different, as each trader has their own unique experience, which will also vary slightly from one another.

Usually, when we have a good strategy, learned from extensive market experience, we can maximize profits. Maximizing doesn't mean never losing. But the profit ratio must be greater than the loss. And if we can consistently implement it, it will generate a decent income. It depends on the capital we have.

Clearly, a strategy can't always remain the same. As traders, we must constantly adapt to market conditions. Therefore, I sometimes change my strategy to adapt to market trends or situations. What usually causes someone to continue losing even with a good strategy is that they usually haven't mastered risk management, emotional management in the market, or trading psychology, and also haven't mastered money management. Therefore, such people often panic and fear easily. They sometimes deviate from their own, even if they have a good plan. Afterward, they regret it and try to re-enter, only to lose. I've encountered many traders like that, and I used to be like that myself.

[shinratensei_]

There's no such thing as maximizing profit in my opinion.
We're playing in a speculative market, you either exit the market with profit or with losses. You would never maximize your profit by just knowing how to utilize the strategy well because you don't have idea where the direction the market is taking in the first place.

As long as you're still making a good profit and got that positive capital growth in your portfolio you're already doing it well.
Chasing profit maximization might even put you at dire situation such as missing out to sell at the top and so on.

[Finestream]

There's no such thing as maximizing profit in my opinion.
We're playing in a speculative market, you either exit the market with profit or with losses. You would never maximize your profit by just knowing how to utilize the strategy well because you don't have idea where the direction the market is taking in the first place.

As long as you're still making a good profit and got that positive capital growth in your portfolio you're already doing it well.
Chasing profit maximization might even put you at dire situation such as missing out to sell at the top and so on.

Professional traders can actually maximize their profits, but as to when or how, that lies on the market’s situation. But since the market is more speculative than being more certain, expect that it’s hard to maximize your profits especially if you are still a beginner trader, or just chasing your losses to make possible wins the next time you trade.

Or else, just be contented if you are already making profits, no need to leverage it.

[justdimin]

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.

But, you cannot frame a strategy without knowledge on what is trading. So, I guess learning should be a preliminary need and if you are good at deriving your own strategy then I believe you must be too good on how to use a strategy and how to effectively use it. This is the reason, I suggest to go for your own strategy so that you do not need to spend time for learning strategy separately. Copying a strategy may fit on what you are mentioning about not fully utilizing a strategy.

since the market is more speculative than being more certain, expect that it’s hard to maximize your profits especially if you are still a beginner trader

Maximizing your profits is always challenging and due to this reason traders do follow the strategy of gathering multiple small profits to sum up higher than the losses. This may not be viable for everyone.

[jaberwock]

This is not an attainable skill

Maximizing profits claimed to be a skill is like saying you can manifest something into existence by really believing into it. This is a loser's strategy.

Go with knowledge and hedging instead. It's a much better bet to extend your profits than this wishful thinking.

Yes. If you believe that you can do it and then you also do the work, there is a good chance that you can achieve it. There are a lot of people who already done that though.

Obviously, it is not a loser's strategy or mindset but you know what it is? It is when you think negatively about it or try to down people like that. Sorry if that hurts but I am just spitting facts here. Knowledge is already there when we are trying to build a skill but about hedging, is this like investing on assets that are considered to be a safe haven to prevent our money from falling due to some negativities in the economy or something? But this can be done easily.

[DaNNy001]

Having a strategy is one thing and knowing how to apply it is another thing... This is just beyond having the knowledge, if you don't follow the rules you will end up losing..The first rule you must follow is risk management, without it all your strategies and everything you know would be wasted.. risk management helps you cut down your losses and also maximizes your profits.. Don't use strategies that don't support risks management

[mirakal]

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.

It is a step-by-step process. We believe that anyone who makes the right strategy and approach will succeed. Unfortunately, most traders are impatient. They want instant learning and profit. That is why most traders fail because of their wrongdoings. We just note that trading is not just an ordinary job. This is not just about money but a skill. And finding the right strategy plus skills makes you profitable, but being too greedy makes you lose as well. Still, we have to manage ourselves and put things in balance, then everything will go smoothly.

[Sanitough]

Everyone aims to maximize trading outcomes, but not everyone has the right attitude and excellent market analysis that will make him increase his profits. This is why as long as it’s a profit, a trader eventually grab for it.

Note that this trading market is highly unpredictable, so it would be hard for any average trader to maximize his profits when he can’t even beat the uncertainty of the market itself. Kudos to all who’s able to double or triple their profits, that’s one thing that a trader should learn though.

[Chilwell]

What is the Essence of trading if a trader is not trading to make profits. It's important for a trader to apply a good strategy that will be beneficial to the business, the chances for a business to survive are very low, the traders the ones who are capable of producing several chances for the business.

The possibility of having the ability to maximise your profits is not the case, the importants thing is for you to be able to retrieve back your capital. If you're eager to make profits you may end up making the wrong decisions, because it may sound as an act of greediness and it may lead to loss.

[Sebastian Michaelis]

"when you win , make sure you win big"

[ancafe]

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.

Learn a strategy in carrying out trade and adjusting when involved in it. Sometimes too many strategies in trade will only make someone more confused and will make it difficult for people to remain consistent on trading trips. Manage the risk well and do not let trading is done excessively because it can have a bad impact for someone because most people fail to be traded by the desire to get fast wealth.

After studying the trade well, then do it in discipline and not too excessive. Technical and fundamental analysis also needs to be learned so that you have plans while undergoing trade. Do not be greedy and don't think that trade can produce fast profits to achieve wealth because this is the reason many people fail.

[tbct_mt2]

"when you win , make sure you win big"

In trading, if you think like this, you put your trading capital in super danger and can lose it quickly and with big loss.

In trading, there are two most important things.
The most important task is defend your initial trading capital as most as you can. This means you must defend it at all cost and you must close your position for a draw or small loss in order to avoid bigger loss. With this trading approach, if you get small profit in trading, it is still acceptable.
The second important task is avoid chasing big wins, as it might lead you to using more dangerous trading methods than Spot trading, like Margin Trading and Futures Trading. Those trading types, leverages and forced liquidations will eat your initial trading capital very easily, quickly and big.

[Sebastian Michaelis]

"when you win , make sure you win big"

In trading, if you think like this, you put your trading capital in super danger and can lose it quickly and with big loss.

In trading, there are two most important things.
The most important task is defend your initial trading capital as most as you can. This means you must defend it at all cost and you must close your position for a draw or small loss in order to avoid bigger loss. With this trading approach, if you get small profit in trading, it is still acceptable.
The second important task is avoid chasing big wins, as it might lead you to using more dangerous trading methods than Spot trading, like Margin Trading and Futures Trading. Those trading types, leverages and forced liquidations will eat your initial trading capital very easily, quickly and big.

i dont use margin or futures mate , i only use spot.
by win big, i mean higher risk/reward ratio
i tried the 1:1 (risk/reward) method and it's not very usefull , but when i start using higher risk/reward , like 5:1 or at least 3:1.. things changes
and the "when you win , make sure you win big" it's a quote from dr David Paul and Tom hougaard , i'm sure you know them since you are a trader..

[taufik123]

"when you win , make sure you win big"

In trading, if you think like this, you put your trading capital in super danger and can lose it quickly and with big loss.
-snip-

I don't know, people just want to win big on one trade, but losing more can happen quickly.
Too ambitious to win big when big defeat is always lurking.

Trying to trade futures with large capital and hoping for an instant rise,
it was too high a fantasy, in the end receiving an email in the form of a liquidated notification letter, LOL.

[Mahanton]

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.

Having a strategy is essential for a trader. Every trader's strategy is different, as each trader has their own unique experience, which will also vary slightly from one another.

Usually, when we have a good strategy, learned from extensive market experience, we can maximize profits. Maximizing doesn't mean never losing. But the profit ratio must be greater than the loss. And if we can consistently implement it, it will generate a decent income. It depends on the capital we have.

Clearly, a strategy can't always remain the same. As traders, we must constantly adapt to market conditions. Therefore, I sometimes change my strategy to adapt to market trends or situations. What usually causes someone to continue losing even with a good strategy is that they usually haven't mastered risk management, emotional management in the market, or trading psychology, and also haven't mastered money management. Therefore, such people often panic and fear easily. They sometimes deviate from their own, even if they have a good plan. Afterward, they regret it and try to re-enter, only to lose. I've encountered many traders like that, and I used to be like that myself.

Of course it would be essential or something a must thing to have because at the time that you do make out some trades but without having that proper analysis and plans then you are just that basically doing gambling. On the time or moment that you do deal up with this volatile space, then make it sure that you would be needing up to find yourself that knowledgeable on what you do. You cant just that dive in without having any plans that you would be needing up to execute. Maximizing profits is something that all of us would be trying out to do as a trader but since we dont know on what the market would be behaving or lets say that even just that finding out the bottom or its peak then it wouldnt be something that so simple or never been that possible at all. This is where your experience and knowledge as a trader will be that tested out at the time that you do make out some engagement at the time that you do make out some trades. You cant just that dive in without having any preparations or knowledge about it on which just like been said that you are just that simply doing gambling and both things shouldnt be that getting in line. When you are doing trading on which of course you would be that needing up that knowledge so that you can be able to handle yourself when it comes into the possible situations that you do face up specially on price market volatility. Some traders do easily get freaked out when they do face up some loses on which this is actually just that normal. It all matters about risks management on this case but since not all people would be having that kind of approach then they would be that usually having those common problems to be faced on. The ones who do able to make out that sustain are the ones who do have that chance or probability that they do become successful into this trading field.

[tvplus006]

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

In an attempt to maximize profits, you will have to violate risk management, which will undoubtedly lead to a loss of the deposit. One should not overestimate the risks, since the higher the risks, the higher the chance of losing the deposit and, accordingly, vice versa.