Quote from: dunfida on November 03, 2021, 09:41:03 PM

Quote from: blockman on October 31, 2021, 08:32:19 PM

Quote from: awik p on October 31, 2021, 08:19:20 AM

To control greed, of course, through a learning process, where we must increase our experience in trading so that we are faced with various conditions in the market. to a wider extent we must be able to control the psychology of trading, where each person will be different at different times of achievement. this is very useful for suppressing greed in taking profits that usually occurs and obeying the cut loss area

Greed stops us from taking profits even you're already there. It's a matter of the satisfying the amount of profit and the goal that you're setting for yourself.
But if the market can do no longer good then you have to make sure that you have at least taken some decent profits that will make you feel good before the market goes down.

To those people who had been saying that taking profits is easy when you are already into that condition then i would say that theyre lying.All of us did

really come to a point or experience on which we do really hesitate on doing so because we are still hoping for more which you do tolerate your greed

and this is where mistakes do happen whenever the price had corrected and those profits arent still realized then for sure you would really regret
in the end.

That's true. When we're at the likely top of the bull run, we're still taking time to think if it's already enough for us to take the profits or we should wait for long because that will give us more profit as the usual mindset of every trader and investor.
Been there and done that and what I've learned is quite expensive from learning through this expensive. I should have a lot of profits by that time but because of some circumstances, I have to sell early but still it's a profit then.