If you have been following my recent [post](https://peakd.com/hive-167922/@cryptothesis/growing-the-btcltchive-trio), you would have known that I am using a strategy to grow my token counts. If you have not seen them, I welcome you to read them. Today, I want to touch on taking profits. Particularly, the notion that *profiting less is not a loss!* Sometimes we see a profit, but we don't think it is big enough to take. And then, the price plummeted and we lost the original paper gains. That is why I think taking small profits is fine and a good idea. In my case, briefly, I have a special account for scalping the profits mediated by the fluctuations of prices. Of course, the amount is large enough to make the small increase sweet enough. Let's look at this scenario I asked ChatGPT. https://i.imgur.com/FjGpA8h.png As you can see above, the profit is a nice $111.11. I will take it. The reason is simple, I see the gain as significant enough. Yes, it might go higher, but it can also go down. When I take profit, I complete the deal and place a buy order at a lower price. *Rinse and repeat!* If it goes to 0.5 suddenly, say, momentarily, I might kick myself. But I am net positive by $111.11, so I should be happy. If I think a bit deeper, there are a zillion ways I could make myself believe that I could have profited more, e.g., if I had bought BTC in its early days. But that is beyond my control, and I should just focus on what I gain, rather than what I could have gained.  [What is the Brief Random Posts about?](https://ecency.com/hive-167922/@cryptothesis/all-for-the-impending-bull) Disclaimer: This is not financial advice, and you should always do your own due diligence before investing! I do not guarantee the accuracy of the data. Posted Using [InLeo Alpha](https://inleo.io/@cryptothesis/profiting-less-is-not-a-loss)
author | cryptothesis | ||||||
---|---|---|---|---|---|---|---|
permlink | profiting-less-is-not-a-loss | ||||||
category | hive-167922 | ||||||
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voter | weight | wgt% | rshares | pct | time |
---|---|---|---|---|---|
kevinwong | 0 | 8,818,577,670 | 1.25% | ||
arcange | 0 | 1,115,010,921,313 | 5% | ||
rufans | 0 | 22,488,449,394 | 50% | ||
uwelang | 0 | 683,277,210 | 2% | ||
funnyman | 0 | 6,467,889,181 | 25% | ||
rynow | 0 | 103,070,745,451 | 30% | ||
dylanhobalart | 0 | 27,360,227,162 | 5% | ||
ancolie | 0 | 1,092,685,532 | 1.13% | ||
steemitboard | 0 | 19,292,403,089 | 5% | ||
pouchon | 0 | 218,300,878,232 | 5% | ||
thatsweeneyguy | 0 | 1,109,561,178 | 100% | ||
bitrocker2020 | 0 | 25,642,714,726 | 2.5% | ||
arrliinn | 0 | 1,484,569,348 | 1% | ||
ew-and-patterns | 0 | 514,773,626 | 10% | ||
joeyarnoldvn | 0 | 476,083,336 | 1.47% | ||
gniksivart | 0 | 48,437,435,045 | 10% | ||
toofasteddie | 0 | 196,220,100,926 | 30% | ||
runicar | 0 | 3,834,321,196 | 50% | ||
felt.buzz | 0 | 11,841,110,772 | 1.62% | ||
khalil319 | 0 | 595,543,765 | 2.5% | ||
aaronleang | 0 | 9,139,538,223 | 20% | ||
niallon11 | 0 | 26,158,667,754 | 1% | ||
aidefr | 0 | 495,183,497 | 2.6% | ||
maverickfoo | 0 | 13,760,915,344 | 50% | ||
senorcoconut | 0 | 666,260,968 | 1.25% | ||
mytechtrail | 0 | 41,857,630,843 | 35% | ||
joannewong | 0 | 4,340,317,439 | 50% | ||
funtraveller | 0 | 444,029,535 | 100% | ||
robotics101 | 0 | 931,778,105 | 3.25% | ||
ahmadmangazap | 0 | 6,568,489,014 | 4% | ||
warpedpoetic | 0 | 1,846,715,826 | 5% | ||
anderssinho | 0 | 10,894,284,132 | 100% | ||
anna89 | 0 | 10,805,497,848 | 100% | ||
mindtrap | 0 | 710,936,133 | 50% | ||
cryptictruth | 0 | 12,619,988,397 | 2.5% | ||
jglake | 0 | 6,022,718,126 | 20% | ||
muratkbesiroglu | 0 | 32,267,966,160 | 5% | ||
gadrian | 0 | 16,750,783,587 | 2% | ||
silwanyx | 0 | 562,064,013 | 5% | ||
imcore | 0 | 863,602,193 | 10% | ||
achimmertens | 0 | 15,218,689,566 | 2.5% | ||
getron | 0 | 1,230,716,580 | 5% | ||
break-out-trader | 0 | 1,511,482,267 | 5% | ||
roozeec | 0 | 497,992,815 | 10% | ||
shortsegments | 0 | 556,585,581 | 0.25% | ||
ireenchew | 0 | 8,145,084,330 | 3.5% | ||
raiseup | 0 | 23,283,308,665 | 5% | ||
dlike | 0 | 14,699,741,812 | 5% | ||
mobi72 | 0 | 2,526,014,262 | 21% | ||
steemaction | 0 | 30,588,747,087 | 5% | ||
kind.network | 0 | 1,249,080,251 | 35% | ||
tsunsica | 0 | 2,926,740,913 | 100% | ||
ketcom | 0 | 13,144,726,703 | 100% | ||
shainemata | 0 | 10,671,888,943 | 5% | ||
jacuzzi | 0 | 15,439,305,272 | 6.25% | ||
anonsteve | 0 | 3,160,205,198 | 5% | ||
djbravo | 0 | 3,686,781,773 | 100% | ||
thelogicaldude | 0 | 1,777,118,794 | 2.5% | ||
edian | 0 | 1,776,442,404 | 5% | ||
pervitin | 0 | 660,437,862 | 2.5% | ||
thefalcons | 0 | 3,226,826,294 | 100% | ||
crazydaisy | 0 | 563,651,907 | 100% | ||
megavest | 0 | 627,355,204 | 5% | ||
michelmake.util | 0 | 546,023,850 | 100% | ||
travelwritemoney | 0 | 1,954,375,692 | 5% | ||
zapmin | 0 | 1,178,002,450 | 100% | ||
leo.voter | 0 | 4,460,529,902,447 | 5% | ||
bala-leo | 0 | 111,207,332 | 50% | ||
babytarazkp | 0 | 923,206,989 | 40% | ||
agro-dron | 0 | 1,204,160,140 | 5% | ||
maddogmike | 0 | 43,000,701,560 | 35% | ||
elianaicgomes | 0 | 2,238,820,183 | 5% | ||
pouchon.tribes | 0 | 2,374,713,344 | 3.75% | ||
emeka4 | 0 | 555,122,545 | 5% | ||
ph1102.leo | 0 | 801,584,844 | 100% | ||
antiretroviral | 0 | 436,461,058 | 2.5% | ||
sacrosanct | 0 | 6,882,136,258 | 15% | ||
groove-logic | 0 | 1,098,871,531 | 17.5% | ||
hivebuzz | 0 | 9,473,930,501 | 2% | ||
x9ed1732b | 0 | 1,642,207,234 | 4.5% | ||
laruche | 0 | 7,002,905,205 | 3.25% | ||
thepeakstudio | 0 | 764,226,919 | 35% | ||
holoferncro | 0 | 4,571,256,175 | 10% | ||
hivelist | 0 | 54,947,676,724 | 35% | ||
rmsadkri | 0 | 6,030,178,820 | 4% | ||
hivehustlers | 0 | 57,505,037,563 | 70% | ||
balvinder294 | 0 | 8,626,430,933 | 30% | ||
improbableliason | 0 | 1,393,576,639 | 35% | ||
w-t-fi | 0 | 1,749,187,840 | 100% | ||
rima11 | 0 | 19,859,090,945 | 0.5% | ||
rohansuares | 0 | 438,276,935 | 5% | ||
gungunkrishu.leo | 0 | 584,930,274 | 25% | ||
jfang003 | 0 | 170,729,449,463 | 50% | ||
leoline | 0 | 8,753,256,065 | 50% | ||
he-index | 0 | 2,654,155,224 | 10% | ||
leo.tokens | 0 | 945,324,587 | 5% | ||
erikahskitchen | 0 | 5,168,388,147 | 40% | ||
aniol77 | 0 | 2,809,153,506 | 100% | ||
luckyali.leo | 0 | 928,483,331 | 50% | ||
impurgent | 0 | 632,659,210 | 40% | ||
egistar | 0 | 3,168,773,124 | 14% | ||
hankanon | 0 | 12,156,125,243 | 20% | ||
solominer.leo | 0 | 734,088,495 | 100% | ||
scrubs24 | 0 | 1,273,538,289 | 3.75% | ||
trasto | 0 | 2,221,005,149 | 2.5% | ||
mituoshizhe | 0 | 316,169,785,861 | 100% | ||
svanbo | 0 | 73,939,670,354 | 70% | ||
methodofmad | 0 | 135,052,489,242 | 40% | ||
india-leo | 0 | 1,502,168,344 | 50% | ||
saboin.leo | 0 | 10,728,097 | 9% | ||
grabapack | 0 | 938,359,584 | 2.5% | ||
ebersaubot1 | 0 | 477,794,003 | 80% | ||
shawnnft | 0 | 31,421,504,786 | 46% | ||
sirclucksalot | 0 | 144,758,969,060 | 40% | ||
realestate4114u | 0 | 53,486,083,854 | 40% | ||
splinner4winner | 0 | 46,872,927,130 | 40% | ||
youdontknowme | 0 | 548,753,581 | 3.12% | ||
taimen | 0 | 1,273,267,912 | 60% | ||
gmzorn | 0 | 2,742,999,687 | 100% | ||
leo.tasks | 0 | 46,549,001 | 5% | ||
jhymi | 0 | 1,720,108,420 | 2.5% | ||
cindy911 | 0 | 3,296,653,495 | 5% | ||
ganjafrmer | 0 | 6,149,815,446 | 35% | ||
mhizsmiler.leo | 0 | 632,238,819 | 5% | ||
ayamihaya | 0 | 8,135,332,720 | 42% | ||
scraptrader | 0 | 525,864,754 | 1% | ||
aslamrer | 0 | 5,069,702,505 | 30.35% | ||
cyclopshive | 0 | 5,757,065,835 | 50% | ||
ma3str0 | 0 | 586,640,531 | 7.5% | ||
snippets | 0 | 153,990,257,978 | 100% | ||
modiji | 0 | 829,127,612 | 50% |
Waiting for huge profit sometimes makes one loss and not making profit at all because when we target small profit you have many returns that huge one. One has to let go of what cannot be changed.
author | adedoyin01 |
---|---|
permlink | re-cryptothesis-s41msc |
category | hive-167922 |
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---|---|---|---|---|---|
d-silva | 0 | 21,234,387 | 25% | ||
cryptothesis | 0 | 197,309,208,336 | 100% |
Yea you are very right. Taking small profit is okay. At the long run, it actually adds up to big wins
author | biyimi |
---|---|
permlink | re-cryptothesis-s42h81 |
category | hive-167922 |
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A person can earn profit in this market only because he sets his target and enters this market, if he takes profit at that time, then he does always take loss.
author | djbravo |
---|---|
permlink | re-cryptothesis-20231115t2559217z |
category | hive-167922 |
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This post has been manually curated by @bhattg from Indiaunited community. Join us on our [Discord Server](https://discord.gg/bGmS2tE). Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. <sub>**100% of the rewards from this comment goes to the curator for their manual curation efforts. Please encourage the curator @bhattg by upvoting this comment and support the community by voting the posts made by @indiaunited.**</sub>
author | india-leo | ||||||
---|---|---|---|---|---|---|---|
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It's never wrong to take profits but you also have to consider that some of your biggest winners will be the ones that you let run. So I would balance profits and letting them run with your risk management.
author | jfang003 |
---|---|
permlink | re-cryptothesis-362wuyurf |
category | hive-167922 |
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created | 2023-11-13 07:34:06 |
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cryptothesis | 0 | 191,529,973,912 | 100% |
it depends on your goal tho o.o some people wanna just buy and close their eyes to massive gains
author | shawnnft |
---|---|
permlink | re-cryptothesis-s41ilh |
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cryptothesis | 0 | 200,273,577,052 | 100% |
https://twitter.com/jewellery_all/status/1724149122918203718
author | tahirmuneer |
---|---|
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