HOW IS PROFIT REALIZATION DONE?
As a coin in our wallet increases, we need to sell it from the appropriate place in order to make a profit. Nothing is guaranteed in this market. A coin that rises suddenly may fall suddenly. Generally, when we see a rising coin, we immediately start to act emotionally. We succumb to ambitions such as "What if it gets a little more, I won't sell it now?" I think we should always sell from the target point we determined beforehand. Because this market actually consists entirely of a game of perception. Since we are human, those who control the market with the perception game always use it professionally.
We usually think that it will fly from here, but next thing we know, we have reached the place where we bought the coin and we exit the position where we were making a very high profit, with a loss just because of our greed.
Excessive ambition always results in loss. When we reach our goal, we need to sell what we have and realize our profit, otherwise the profit we have made will disappear.
Let me give an example to explain this more clearly:
Let's say we invested $10,000 in Bitcoin and it doubled, our investment was $20,000 and we made a profit of $10,000. But we still haven't sold it because we expect it to rise further. Some time has passed and when our investment drops to around 10,000 dollars again, we leave that position with zero in hand and sometimes even a loss just because of greed, since we did not realize the profit while we were in profit of 10,000 dollars.
In this market, we should never be blinded by greed for money, we should always be satisfied and get our profit from our target.
Especially in our short-term, that is, buy-sell transactions, we must make hit-and-run actions without being greedy.
In our long-term investments, we must proceed with a certain strategy.
It is never investment advice! This market is very risky. Everyone bears their own risk and responsibility. Don't forget that profit suits the pocket!
