Post
Topic
Board Trading Discussion
Re: HOLDING VS TAKING PROFITS DURING BULL RUN
by
carlfebz2
on 02/06/2021, 18:33:34 UTC
We have seen long bear market that started on 2018 until in the beginning of 2021, and during this bearish trend all crypto dumped too much more than 50%, even other low cap coin dumped until 99%. So from this history, for the better take profit when the price high just like now, and if we made big profit like 4-10x, will be good decision to withdraw the half of that profit and the rest amount keep holding. Many trader failed and get loss much money because of too much greedy. Holding for more than 3 /4 years only for crypto that has strong fundamental and professional team behind it.
Yeah, i agree with yours idea that we need to withdraw the profit whenever its possible. It's really hard for us to hold a coins for 3-4 years for break even, so withdraw 50% profit and keep 50% to hold is the best option with those want more profit from a coin. 
Not everyone has equal patience, and not every coin intends to hold in the long term. Hold for a short time and take profit would be smart thought instead of crying when coin goes down. At the moment when a coin goes up, take a profit. Figure out how to hold Coin all through this game. If you can't hold on this game isn't for you. Learn when you should take profit then wait for it to dip and reinvest when it dips or just hold the rest.
I had already learned up my mistake in the past on where i do miss out lots of opportunities to make huge profits since i had become that greedy when making out decisions which it shouldnt be a selling point on where price had really dumped and in result into long period of recovery.

You would really be having that kind of feeling of regret when you do miss out opportunity to secure even if you do know that it is already in the grasp of your hand.

Profitability would really vary into each of someones decision or goal in mind because when it comes to decision making then this would be different
to each other.Its true that when it comes to level of patience then there is really difference of it.