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Author Topic: Don't get greedy, Just take the already earned profit and leave.  (Read 7477 times)

Offline taufik123

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #165 on: March 24, 2024, 09:05:27 AM »
-snip-
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true. 
I also don't recommend following what influencers suggest.

They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #165 on: March 24, 2024, 09:05:27 AM »

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Offline therozaq

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #166 on: March 24, 2024, 06:03:36 PM »
-snip-
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true. 
I also don't recommend following what influencers suggest.

They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.

We have to do our own research before investing because it is mandatory and don't trust influencers, they will definitely benefit from their followers. Because there is no free lunch. Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
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Offline taufik123

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #167 on: March 25, 2024, 06:29:36 PM »
-snip-
Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
Seeing how they offer a new project if it's a pretty good project, and you've done the analysis,
it never hurts to look further at how well the project is doing.

You don't have to invest in old coins that may be safer,
but old projects also have consequences if they continue to be developed.

As in the case of LUNA in the past, even though it was a fairly successful coin and entered the top 10 CMC, but in fact it became a scam project.
Be careful and alert to everything that will happen suddenly in crypto.

Offline Gladitorcomeback

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #168 on: March 26, 2024, 05:20:37 AM »
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true. 
I also don't recommend following what influencers suggest.

They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.

After some time in the industry, a person understands the reality of people who try to sell certain tokens and promote specific cryptocurrencies and realizes that they aren't doing all this for the benefit of their followers or subscribers, but they are doing it because they are getting incentivized for that and they don't care whether you lose your money or not.

It takes some time for a newbie to learn all that though, even after reading posts such as we are discussing at right now, some newbies would still fall for such things when they hear about the potential returns those influencers say they can get.
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Offline pacar_tiri

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #169 on: March 27, 2024, 07:37:04 PM »
We have to do our own research before investing because it is mandatory and don't trust influencers, they will definitely benefit from their followers. Because there is no free lunch. Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
That's true, but as you know, not all influencers get profits easily, because I'm sure influencers who have more than 1 million followers will think again about providing information that is not true because it will only make their followers dislike them and there is a possibility that they will stop following them.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #170 on: March 27, 2024, 08:30:13 PM »
After some time in the industry, a person understands the reality of people who try to sell certain tokens and promote specific cryptocurrencies and realizes that they aren't doing all this for the benefit of their followers or subscribers, but they are doing it because they are getting incentivized for that and they don't care whether you lose your money or not.

Influencer just makes benefits if they mention anything Elon musk just posted a meme with doge then the price of dogecoin suddenly skyrocketed.
I'm sure these influencers before they post anything related to a crypto project or coins are first going to buy a large amount of it and then they are going to promote.
It is acceptable as long as you complete DYOR before investing in the project or coins they are promoting and as long as you know how to exit.
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Offline cebo

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #171 on: March 28, 2024, 11:43:35 AM »
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
As far as I know, trading is emotionally draining and it is very difficult for us to "take profit".
As much as possible, if we trade, it will definitely be very difficult to control our emotions because prices tend to rise and fall very quickly.
Your advice can be accepted and when we make a profit in trading 100 dollars in a day then "Take Profit" and the rest wait for the coins we will buy when they fall again in all markets.
always stay on friendly forums

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #171 on: March 28, 2024, 11:43:35 AM »


Offline doc

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #172 on: March 28, 2024, 01:10:59 PM »
Conclusion: I feel that greed is one problem in trading that can actually lead to unexpected losses. My advice is that, as a trader, always take that profit you have made. If, for example, you entered a position and it's really going in your direction, if you have seen a +$100-$500 profit, it's better to take it first.
As far as I know, trading is emotionally draining and it is very difficult for us to "take profit".
As much as possible, if we trade, it will definitely be very difficult to control our emotions because prices tend to rise and fall very quickly.
Your advice can be accepted and when we make a profit in trading 100 dollars in a day then "Take Profit" and the rest wait for the coins we will buy when they fall again in all markets.

You seem like a professional trader, because you know about emotional management. the most difficult thing when trading. We are faced with this when we take profit, we still have to wait for bigger profits, people say this is greedy. Or sell when you get the profit you want.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #173 on: March 28, 2024, 02:30:06 PM »


You seem like a professional trader, because you know about emotional management. the most difficult thing when trading. We are faced with this when we take profit, we still have to wait for bigger profits, people say this is greedy. Or sell when you get the profit you want.

I'm also confused about what is said to be greedy in crypto, because basically we have a target to make a profit, at least we target a profit of at least 10% of the purchase price even if the capital is large, if the capital is small 50% of the profit only then can you feel the profit.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #174 on: March 28, 2024, 08:44:39 PM »


You seem like a professional trader, because you know about emotional management. the most difficult thing when trading. We are faced with this when we take profit, we still have to wait for bigger profits, people say this is greedy. Or sell when you get the profit you want.

I'm also confused about what is said to be greedy in crypto, because basically we have a target to make a profit, at least we target a profit of at least 10% of the purchase price even if the capital is large, if the capital is small 50% of the profit only then can you feel the profit.
Capital is something that would really be that significant for you to feel out those profits on which of course it would really be that depending on how much you had placed on but dont make yourself that been thinking up on that way because it would really be making you to rush up on making such decisions specially if you would really be tending to add up your capital.
The best approach that you could have is on how you would really be that making yourself that having a progressive increase of your capital as you do move forward.
Having those gains would signifies that you are really that having that kind of positive or gains that you have.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #175 on: March 29, 2024, 02:03:17 PM »
-snip-
So, I don't just believe unless I can see and feel that he is sincere in what he says in his vlogging. So don't believe it immediately if you don't want to regret it later.
Yes, you have to protect yourself from influencers who will influence you with news that is not necessarily true. 
I also don't recommend following what influencers suggest.

They are looking for many followers and the more followers the more they will benefit.
Do not immediately believe and do your own research, how also you need to do research from various points of view.

Yes, you are right because there are many influencers who take advantage of their followers for their own interests. That is what I often see with exploitative people in this cryptocurrency business field.

That's why there is nothing better than doing your own research, because it depends on whether the capital we will use will be wasted or if it will have a big profit in the future. Right?
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Offline Jamal Aezaz

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #176 on: March 29, 2024, 02:26:30 PM »
We have to do our own research before investing because it is mandatory and don't trust influencers, they will definitely benefit from their followers. Because there is no free lunch. Most of them offer new projects, we should invest in old coins that are safer. The new policy is more profitable, but more profitable
Research is most important thing which can enhance our choices  towards better assets. Influencers are not always true and some of them are getting payments by spreading wrong information therefore who are newbies will easily trap in their planning.

Old is always beneficial so instead of following the Influencers we should choose old coins where there is less risk and high profit as well as we are not surprised about dip in old coins like bitcoin and ethereum as we know that they will go high rise again and our money will be saved.
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Offline Trisha Rola

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #177 on: March 29, 2024, 05:20:19 PM »
That's true because greedy persons tend to exert more profit than persons tend to hold while they know they are profitable than to lose nothing

Offline taufik123

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #178 on: March 30, 2024, 04:07:03 AM »
-snip-
they don't care whether you lose your money or not.

It takes some time for a newbie to learn all that though, even after reading posts such as we are discussing at right now, some newbies would still fall for such things when they hear about the potential returns those influencers say they can get.
They will never care, because it is quite clear that they wrote and warned that what influencer was talking about was not investment advice or whatever his words were to say, that they did not want to be responsible for any loss that could occur.

It's just that many beginners don't read the warning and blindly follow the advice.
They are only interested in suggestions that look like they will give you a profit, but in fact it does not guarantee any profit.

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Re: Don't get greedy, Just take the already earned profit and leave.
« Reply #179 on: March 30, 2024, 04:35:50 AM »
I'm also confused about what is said to be greedy in crypto, because basically we have a target to make a profit, at least we target a profit of at least 10% of the purchase price even if the capital is large, if the capital is small 50% of the profit only then can you feel the profit.
Likely limitation target profit raise above 10% is not greedy in trading and realistic with the percentage profit want to earn, difference position when earning profit more than 50% but keep hold could be greedy and want to earn much profitable raise up to 300% or 500%. Many trader loss much money in trading because can't control with their greedy emotion, after getting profit around 5% to 10% but not have ideas for taking profit and keep holding with their expecting will up to 100% but have to get fact with coins dropping and loss opportunity to earn 10% profitable.
I take profit with some coins when trading around 10% and seems enough for securing my capital not becoming long term holding.

 

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