Post
Topic
Board Trading Discussion
Re: Let's share some tips among ourselves.
by
Dickiy
on 03/10/2023, 10:58:44 UTC
Crypto currency market is also working with profit and loss like other markets. Some people are selling with a good profit, while some people are exiting the market at a loss, but I think only those who buy at the right time can make profit in the crypto currency market, because a well-timed entry can give anyone good profits. Take chances, but with proper strategy. If you are getting profit, then sell 50% of your assets.

Of course, profit and loss become loyal friends for traders or investors, profit becomes their main goal but that does not mean they forget about losses or something that can have an impact on losses, therefore planning is a very important thing that must be owned by market participants, if they go home with several losses then I make sure maybe their planning is lacking or they are too careless so they end up with losses of different amounts. That's right, only those who get the opportunity to buy at the right time or at a low price will usually go home with the profit they want, but honestly I wouldn't say that's entirely true, because in the market anything can happen. Even if you have bought at the right time but as time goes by if the price has not touched the point you have determined to sell then it is very likely that the price will go back down and maybe you can also be very affected by very aggressive market fluctuations, it is not uncommon to experience events like this.  Therefore good planning is needed, such as for example you set take profit and stop loss in the right area, it will be more helpful to minimize risk and reduce your greed there.

If the price increases further, then you can sell the remaining assets with good profit. If the price falls back, you can buy back at a lower price. Just as one must find the right opportunity to buy, one must always sell at the right time to sell one's assets at a profit. No one has ever seen a perfect bottom and no one has ever seen a perfect top. So always sell your assets not just at a profit but at a reasonable profit.

I think the best thing for the first step is that you should focus more on your capital, I mean go slowly, take profits even if it's small it doesn't matter the important thing is that your capital is back first and after that you can continue with the money from the profits. You said something very beautiful here but I said the market will not always be in our favor, the point you made is true, buy at low prices and sell when prices rise. That's what market participants always want but we must also not forget some factors that are very likely to hinder and can even make us initially profit to loss such as poor planning. Do not be too excessive in assuming and certainly eliminate greed in yourself. So the point is quite simple you just need to keep yourself wise and responsible
 or whatever the result, profit and loss is normal, use your best method and never stop learning because the market will always surprise.