Post
Topic
Board Altcoin Discussion
Re: Solve taking profit problems.
by
Joyawan13
on 25/01/2021, 06:57:52 UTC
One of the best feelings as a crypto lover and holder is to see your holdings rise and increase in price while your portfolio is swelling up. But majority of people are carried away with the joy and gladness of this market pumps and then keep waiting to take profit at the peak till it begins to dip and they sell way lower than what they should have gained. It's something that's common to almost all traders. I can say greed is part of it. How do you think this problem can be solved.?
It is difficult of course to be able to overcome everyone's greed, it cannot be denied that when market prices are high, many people want to invest or trade, of course to be able to gain profits when the market moves faster, but it is very risky when we get our profits usually expect more, without us realizing that prices can suddenly drop quickly and we of course will panic and end up making a sale which of course results in losses.