Post
Topic
Board Altcoin Discussion
Re: taking profit can be hard sometimes.
by
KuromaYoichi
on 15/02/2021, 03:22:05 UTC
some traders and investors find it hard to take profit even after making good profit on investment. this can be as a result of aiming to sell at a desired price that is higher or hoping to hold the tokens for more longer time.  its not everyone that can do this patiently and some usually regret their actions. the secret is to make decision and stand by it and also be satisfied by little profits , take out your investments and some little profits and then leave the rest for long term.

kindly share your ideas that might be helpful to solving this issue.

It's hard because human is greedy by nature. They have x coin and already gains x profit but they want more and keep holding only for the price to go down later. I myself have experienced that kind of situation back at 2017 so right now my strategy is to set a target price when i buy coin/token and sell some to earn the capital back + half of the amount remaining to take profit. I keep holding the rest if i think the price can go higher but i already earn my capital back + profit so if the price goes down then i won't be dissapointed and if it goes up then i won't regret it because i still have some.