Post
Topic
Board Trading Discussion
Re: The best time to take profit in Trading
by
Bianxee
on 12/07/2018, 10:44:33 UTC
Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.


The best time to sell without having any doubt about trading is when the bull market comes. We can't do anything about the current situation of the market but just to wait until it recovers and it strikes with high vakues again. Trading this time would be risky and not advisable.
You can take short phase in taking profit now but if your a long term investor you can hodl amd wait until the bull run goes and sell your altcoins. Trading is a serious matter and taking profit is good when you already earn and happy with that amount don't be greedy just make profits.