Post
Topic
Board Trading Discussion
Re: Taking Profits
by
goinmerry
on 29/10/2021, 20:43:13 UTC
if you want to earn here without any valid reason, I think your direction here will become vague dude,
but if you know what you are aiming here as individual trader, perhaps, you will surely know the answer to your own question.
Everyone aims for profit and nothing else, right? So, how efficiently making use of the peaks like sudden rise or gradual rise would be the matter of question here. Every individual will prefer to get quicker profits in my opinion as they do believe in more active trading until they gain experiences on dangers of booking at small profits.

Only when you learn about the power of long term holding then you will come to the practice of aiming for gradual rise and then might go for booking profits only at trend reversal.
Of course we do have different decisions whether on when we do take profits and on what level we do consider out on securing those.So its a person type of choice because not all would really be having the same mindset in doing so.Profit taking is what we do always aim since from the start and its up to someones  preference on when and what time they should really be doing it because there are various factors or conditions might really be affecting
our decision midway thats why it do really vary.

I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not.

It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy.

My way of taking profits will start from my price satisfaction. After selling, I won't like to see that coin in the meantime to save my ass for the possible regret and disappointment if the price went up more.