The Risk of Trading Without Clear Profit Targets

Scenario
An investor buys an asset with the vague goal of “making as much as possible.” When the price rises, they keep raising expectations without any defined resistance level, technical target, or fundamental valuation. $UNI

UNI
UNIUSDT
5.09
-0.13%

Behavior
Ask the investor: “What’s your take-profit target?”
The answer: “I’ll sell when I feel it’s enough.”

Consequence $TRX

TRX
TRXUSDT
0.27915
+0.04%


Emotional decisions replace strategy, often leading to missed opportunities or holding through reversals.

Lesson $BNSOL

BNSOL
BNSOL
138.4
-0.86%


Set profit targets (Take Profit – TP) based on analysis before buying. Example: Close the position when the asset reaches a strong resistance level or a valuation metric like P/E = 20.
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