Taking Profit: Patience, Greed Or Luck

When trying to make profit off crypto there are two things involved which are knowing when to take profit and when to take your loss. This is where greed, patience and luck come to play. Let me explain, when you take that action and make a trade or buy a crypto asset you always hope for the best, you hope you make profit, no one trades hoping to lose. But when the profit kicks in, you start going through a phase. source This phase is, getting caught in the dilemma of taking profit or not, greed starts creeping and you start feeling like you deserve more and won’t want to take your profit. This can go very good for you or very bad. But how do you classify this, would you consider yourself a patient person when you dont take profit quick because you are waiting for more profit or you will consider yourself a greedy person? At this point I think the end justify the means. Because if you are in profit and you decide to wait for more profit, if you finally make more profit you will be called a lucky patient person because that was a bold move to risk your capital and profit for a bigger profit. Soon you find people in this position feeling like a guru and hosting twitter space or writing an e-book on how to make huge profit off the market.

But if the profit later turns to loss while waiting for a bigger profit, then we consider the person greedy and unwise, forgetting that crypto is a risk and a game of luck, all of us are just risking our time and money waiting for better days, no one knows how the market will move, we are just trying our best. Whatever decision you are making, you are making that decision because you once thought that was the right decision you were making at that time. Its always advisable to know that when making these types of decision you should always be ready for the consequences that will come and be prepared for it. But in my opinion I will always choose Take profit and regret later

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