Post
Topic
Board Trading Discussion
Re: Take Profits! Its important!
by
khiholangkang
on 26/05/2024, 17:44:09 UTC
In fact, due to excessive greed in the trading platform, profit is zero seen. I myself am proof enough that I have been in a lot of losses in trading for the past few days. The only reason I lost on my trading platform was because I was greedy. At first when I joined trading I was in profit but if I wait for more profit I lose a lot of profit in a short period of time. Now currently I am in loss around $300 I don't know if this loss will recover quickly. From here I understand that excessive greed brings the profit to zero on the trading platform.
The main thing in this case, if we see profits in front of our eyes, we should take those profits and enjoy them, usually most people are too greedy to get much bigger profits, precisely what you are experiencing yourself. It is true that trading can make money or profits very quickly, but this job is not easy for everyone to learn, it will definitely go through a very bitter process in running it, losing a lot of money and so on. Can you quickly recover from your losses? In my opinion, the opportunity will always be there for you to recover, this depends on how you respond to previous failures that happened to you.
But it is true that we need to go through all the failures including feeling that we are too greedy to ignore taking profits without realizing that we need to take profits at that time, and here it also shows that we need to have a profit target so that everything can be measured properly when taking profits in the crypto market where price fluctuations are very high.

I made this mistake several times because I didn't have a profit target so I lost a lot of money and my profit went to zero when we didn't have clear goals in our trading activities.