Breaking the Cycle of Losses: Why Take Profits Matter
Are you tired of watching your gains slip away? It's time to shift your focus from stop losses to take profits.
The Hidden Enemy of Gains: Greed
Greed can whisper sweet nothings, tempting you to hold on for more. But without a solid take profit plan, you're handing the market a free ticket to reverse your gains.
Why Take Profits Are Essential
A well-placed take profit acts like a contract with your future self, securing your gains before the market decides otherwise. It brings structure, removes hesitation, and gives your mind a place to rest.
The Power of a Clear Exit Strategy
Your exit strategy matters more than your entry. Many traders nail the perfect entry but without a clear exit plan, they hand back their profits. Prioritizing your take profit is not optional; it's essential.
Take Control of Your Profits
Don't let your wins dissolve into losses. With the right tools and mindset, you can beat the market. Start managing your profits today, not just your losses.
Final Takeaway
A clear, well-placed take profit protects both your money and your mind. Take control of your exits and start securing your gains. â¨
$BTC - 50% crash is starting! (2017 trendline, huge warning)
$BTC is in the final stage of the bullish cycle, and we want to look for the best price to sell and prepare for the 2025/2026 bear market! The best price to sell $BTC is at the 1.618 FIB extension or at the main long-term 2017-2021-2025 trendline. This is exactly at 122,069, as we can see on the chart. And 2 weeks ago, Bitcoin hit both the Fibonacci level and trendline! So this is a strong sell signal.
Buying Bitcoin at the tipity top of a bullish cycle is not the best idea, because we will see 60,000 USD per Bitcoin in 2026! From the Elliott Wave perspective, there is probably only 1 high-probability scenario, and it's this ending diagonal pattern (rising wedge). I think we will see a final 2 waves on Bitcoin to form an ending diagonal wedge pattern (1-2-3-4-5). Bitcoin just finished wave 5 and is starting a brand new corrective pattern.
But you can be more conservative and wait for more confirmations, such as a break of the 50-week moving average. Waiting for such confirmations in general gives us a higher chance of success but a lower risk-to-reward ratio; in other words, you can't catch the top. I always recommend using simple moving averages with 20, 50, 100, and 200 periods because this is what the big players are using as well. These MAs are very popular among giant institutions, banks, and investors.
What's more, Bitcoin seasonality is telling us that August and September are the most bearish months for Bitcoin statistically. So you probably want to sell before a sell-off kicks in.
Write a comment with your altcoin + hit the like button, and I will make an analysis for you in response. Trading is not hard if you have a good coach! This is not a trade setup, as there is no stop-loss or profit target. I share my trades privately. Thank you, and I wish you successful trades!
Trading at $0.318, $SEI is attempting to reclaim the $0.32â$0.34 zone after a pullback. With macro support for Layerâ1 tokens and recent media buzz, momentum could be building ďżź.
Itâs your last money?? Why did you even invested in a new coin with all your money .. You better earn some money before trading and learn to trade as well donât become too greedy
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