Short excerpt from a YouTube video titled "Bitcoin Isn’t Dead—It’s Just Resetting" (creator/uploader: Kosta Ouzas). The clip discusses setting hard take-profit orders: advantage is immediate liquidity and the ability to re-enter at different prices (safer, liquid), while the trade-off is potentially missing the remainder of a trend. The speaker frames the system as imperfect and emphasizes trade-offs in every choice.
One is going to give you the ability to take profit as soon as your line is hit. Now, there's advantages to this. The first advantage is one, you're going to be liquid in the market and you're going to have the ability to now pick up new positions at a different price. This is very important. This is what we aim for. But by setting your take profit as hard, what you're gaining is being liquid and being safe. But the trade off is you may not actually catch the whole trend. So everything in this market, including this system, right, this system isn't perfect. There's give and take for every single thing you do.
