Quote from: uchegod-21 on Today at 07:36:32 PM

Quote from: Joseph-P on March 07, 2024, 03:13:08 PM

When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.

We all need to understand that 1st priority in crypto is surviving. Profits are in 2nd place. Yes that sounds counterintuitive, but it's really simple. The real skill is not in making money. The real skill is in keeping it.

I hope you found this useful. Keep up the flow, and may the force be with you.

I trace this problem back to learning about the basics. In the basics of cryptocurrency trading we were taught on how to invest and make good profit but hardly do we learn profit taking methods. Many of us work hard to grow our portfolio and still watch them fall back to naught. It is important to take profits and if possible to fiat if using a stable coin will still be tempting to re-trade and as well over trade. I am of the school of taught that there's always an opportunity before us. If we take profits, we shall still have another opportunity to reinvest the profits but when the profit is gone, we are only faced to regrow an already grown but lost profit.

Yes, it was really indeed the basics on which it would really be that best that you should really be learning on how to take profits on the time that you would be making one.Yes, its never been that easy because
you would really be that having in mind that you would really be needing up to make out such thing because this is really the main purpose that we are here on this market on which it is really that indeed to make
profits on which it would really be that a common approach that you would really be needing up to secure profits as much as you could so that you would be ending up on positive.

Just like said that it isnt really just that easy on doing so just because we've been thinking up on holding out position even more because we are really that hoping or thinking
that it could really be able to shoot up its price even more and this is something a very common thing that we do have in mind.