Profit Taking Plan .:. Hive Humpday Hangout Ep.15 (Wednesday, February 14, 5 PM UTC)
I suppose that the next show can't beat the previous one where we had a great time having the Ecency co-founder @good-karma in the show, but I can promise you that it will be a good learning show! I will share my experience with profit-taking from the past, and I hope that all of you will do the same... When we gather all that knowledge in one place, it can't go wrong! Learning from mistakes and accepting good practices can be only useful!
It can look like speaking and learning about profit-taking at this moment has no sense at all, as everyone is roaring that we are just entering the bull market and we are still in the accumulation zones, but hear me out... I'm always about learning things in advance, preparing yourself for the moment when the knowledge can be used, and always being PROACTIVE, and not just REACTING to external events... That's the main reason why I have decided to choose this topic for the show! There is no bad time for learning new things!
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There are many profit-taking strategies shared on the Internet, and while I was researching the topic, I checked some of them... You can find some common strategies here, but in the end, what we should do is create our personalized strategy... Something that works for us, what is the best for our asset from where we want to take profits, and something that we can STICK TO!
I was talking about a similar topic in my yesterday's post and while I was replying to the comments, I got an idea about doing the show on this topic... To hear what others are thinking about it, and maybe to MAKE someone THINK about it before it is too late... As I made numerous mistakes with profit-taking, I do not doubt that there will be not enough material for the show... Also, I bet that I wasn't the only one who made mistakes... 😃
The post that I shared a few rows above are mostly related to standard technical analysis trading, but maybe we can pull out some data from there and use it for creating our profit-taking strategy. So, during the show, we can go through that post and "translate" to an ordinary language, understandable to normies like us... 😃 Maybe tweak them too...
- Do you have a profit-taking strategy?
- Did you have it in the past and you learned your lesson? 🙂
- Do you have an emotional connection with your asset/crypto/project?
- Do you listen and follow others when they are buying and selling?
- Share your experience with profit-taking... Your great wins, or your bad choices... Or both...
Those are just some of the questions that we can ask ourselves and that we can share with others in the show... Of course, we can go out of those "margins" and cover other aspects that I didn't mention!
How was it the last show? Check it out yourself the Recap of HHHLive post... For all the participants, there are some LEN tokens for attending the show, and some special rewards (in Ecency POINTS) for those who were the bravest and came on the voice during the show!!! Don't forget that NOBODY is obligated to talk in the show, so you CAN come to listen and engage with others in the text chat... 😉
What steps you should take now:
- Join Ecency Discord here
- Check out your local time for the event at the top of the Ecency DISCORD side menu
- Click on the chat-voice channel on Wednesday, 5 PM UTC (check your local time 👆👆)
- Follow the event-chat channel during the show and engage with others!
- Share the buzz about the show on Ecency Waves and InLeo threads using the tag #HHHLive and be rewarded with upvotes!
Or just click on this link that will lead you directly to the Event announcement, where you can see all the info!
If you would like to discuss a certain topic in future shows, please let me know in the comment section... See you on Wednesday!!!
Thank you for your time,
~ph~
Inviting people who asked to be tagged in the announcement posts: @duskobgd, @felixxx, @foxkoit, @ganjafarmer, @incublus, @kvinna, @manclar, @melinda010100, @mell79, @mengao, @mypathtofire, @palomap3, @gwajnberg, @travoved, @yummycruz1, @willythewhale. If you want to be reminded about future shows, please ask to be added (or removed) to this list in the comment section!
Check out these links to the previous shows:
Ecency/Hive Chat With @good-karma! .:. Hive Humpday Hangout Ep.14
Relaxed "Exclusive" Session .:. Special (no recorded) Edition of Hive Humpday Hangout
Writer's Block and How To Overcome It .:. Hive Humpday Hangout Ep.13
Hive-Engine Tokens .:. Hive Humpday Hangout Ep.12
Hive Guidelines for Newbies .:. Hive Humpday Hangout Ep.11
NY Resolutions and Creating Hive Goals .:. Hive Humpday Hangout Ep.10
How Was Your (HIVE) 2023? .:. Hive Humpday Hangout Ep.09
Presenta tu comunidad - ES/EN Show! - Part 2 .:. Hive Humpday Hangout Ep.08
Present Your Community - Part 1 .:. Hive Humpday Hangout Ep.07
How to Start on Hive? .:. Hive Humpday Hangout Ep.06
Do You Upvote Quality Posts? .:. Hive Humpday Hangout Ep.05
Genuine? Authentic? To be or not to be? .:. Hive Humpday Hangout Ep.04
Hive Power, HP Delegation, HivePUD... .:. Hive Humpday Hangout Ep.03
Hive Meetups, HiveFest, HiveBeeCon .:. Hive Humpday Hangout Ep.02
Pilot Episode (Aired 2023-10-18) - The Vision .:. Hive Humpday Hangout
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Don't forget to follow, reblog, and browse my Hivepage to stay connected with all the great stuff!
Last chance to accumulate before the run...
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Let's hope so... :)
If talk about HIVE, I don't have a profit-strategy yet as I have a long way to build a strong account with much more HP.
We will see in tomorrow's show in what direction this will lead us... Hive, BTC, crypto in general, or assets in general...
This will be interesting. I am not and have never been a trader. I hold a few tokens purely on emotion. I'm sure I will learn a lot during the show! Can't wait!
I'm not a trader either, but I like to invest in different projects and tokens... Either way, the time of profit-taking should come... :)
See you tomorrow!!!
I’m always missing the shows and I think I should just tag myself as the best show misser, lol
I’d give this a try and be present
Hahahaha... THere are others who promise that they will come and they miss, but you could be right as you are in Top 3! 😂
Sounds like a great topic. Although we have good intentions, I think getting emotionally attached to our investments happens often.
I know many people who don't want to admit that they are emotionally attached, but 99% are... including myself... lol... I suppose that it's on us to try NOT TO BE emotionally attached in the most important moments... lol... Creating a plan could definitely help!
That is for sure! ;)
All the best in the profit-taking strategy for you.
But so far, I don't have any plan just yet, since I will still accumulating for this term, maybe in the next bull run in four years, I might think about taking profit, if the chain is still around. !LOLZ
just kidding. . meanwhile I will just have fun, and try my best to share posts for others to enjoy.
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Thanks! What you say makes sense... If you are still not at the point where you want to be, ignore all the fomo and fud, and continue accumulating!
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This is an interesting topic to consider. Actually at first I was a trader at the beginning of this year but I actually stopped because I actually discover it was affecting me emotionally. I need to take a break
Trading isn't for everyone... I had a similar experience, so I swapped into investing instead of trading... It worked out much better for me...
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.Oh I would gladly listen to such a topic because I have never seen a bull season before and I need the opinion of experienced people. Even if there is no escape from FOMO, we can reduce it xd.
Yeah, there is no escape from FOMO and everyone is affected... The difference is in the "level of affection". 😃 It is possible to reduce it, but it's impossible to turn it off... :)
I think the topic is a good thing to consider since BTC is starting to move up. I think people do need to set some profit targets and take some money off the table. Otherwise it will be easy to get caught in the FOMO/FUD and miss out.
It is very easy to be caught by FOMO/FUD... Even if you are experienced, and it has happened to me many times, despite seeing so many things until now... That's why I don't trust to my "present myself", but rather to my "past, cold-headed myself"... 🙂
Best wishes for everyone to taking part in profit taking strategies.