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Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?

If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?

Totally depends on a lot of factors.

1. How confident/unconfident are you that the asset will continue to go up?
2. Do you really need the money?
3. Are you planning on using the money on something else?
4. Are you going to reinvest it to something that could potentially go up more?

I mean, if the price continues to increase, then of course you'd be making more money lol.

Obviously, the most profitable way is to sell when the price has made the highest climb and to buy when it's dumped the most. The problem is that you cannot know when these happen. Only if you have enough money to manipulate the market temporarily you can lower your risks. Otherwise, it's just gambling.

Yes.

I think this particular thread you dropped this topic is not suitable to it, i suggest that you should move it to trading section, because i believe that it will get more attention than BH  board section here it's.

At this juncture, everyone have it's method to backdate it's investment, depending your target, objectives, motive and aim before investing, we all know that investment via bitcoin can be of profit or lost depends on curiosity of the investor to decide or make a profitable decisions about investment.

At this time i will like you to pull of your capital and forward the investment with your profit, because their is every tendency that if your capital and profit is still Left over on the process of expecting huge amount of profit, the possibility for you to be at positive side is there, and the possibility also for you to land at negative side is also there, so it's better i removed my capital and go on with my gain.

It's obvious that your profit values related will determine your profits if you removed it, and also it's not properly sure that if you leave your profit you will be sure of making more money, i think you misunderstood the concept.

Seed means your a private investors right? If I'm right then, sell all your initial tokens and even the remaining vested until you gain back your capital. Now when this is done you can let the other vested ride until the market improve or depends on you if you wanna take profit monthly.

It is better to invest to make a profit in a short time. But have you ever thought that investing can be the cause of all your money Destruction. If some part of the investment is profitable, accept it.
If you can accept it, you can make a profit by investing. It will be more profitable,

You move the topic from the  Trading Discussion  (https://bitcointalk.org/index.php?board=8.0)

If you are talking about more profits then compounding is the best ever strategy to be implemented, keep investing the profits you made and let them to grow as well but it totally depends on your affordability. Taking out the profits at regular intervals is also not a bad idea ao at the end how good you are at managing your portfolio at the bump and dump.

To be honest the decision is very hard to take. It actually depends on your position. If you are in profit then I don't think you should wait to take out it. Or if you are a long term trader then You should not look the price of your holding token without any big profit. But if you are profit in short term then you should take the profit. It also depend on your financial position. If You need some urgent money then you have to sell a portion and use it in your need irl.

Every person has different strategies to make a profit. Everyone in cryptocurrency wants to take profit, but is everyone getting? No, because of strategies. We don't know which strategies will work when. It depends on the situation. So you have to decide on the real-time, can't be fixed from the scratch.

For me, I even come out from trade with 5% profits sometimes. And sometimes lost if dump the coin. So basically when I decide to take profit and come out, means I sold all the coin. I don't like to stay longer on a single trade. Definitely, I have chosen a few coins to trade, but when out, then totally out with a profit. Then I will trade again during the dump. Sometimes have to wait and sometimes could re-enter the next day. That's how I take profits lately.

It depends essentially on your willingness to take risks and how much you need that money.
The safest thing to do is to withdraw the initial funds you invested (+ small profit if you want) and reinvest the rest.
The second best option is to regularly withdraw small percentages of your initial investment.
The first option is safer because even if things go south you will only lose the profit you already made, but the second one can generate more profit since you are investing more money.

My advice to you is never to ask trading questions in the public domain because you will eventually get confused after seeing multiple replies. The decision to take profit should always depend on our requirement. You need to assess your requirement first and then decide. Trading can be only learned through experience and not advice.

Keep sl at entry price first and when it increases further increase your sl, this way you will have your capital intact and will secure profit too.

You didn't mention profit on "what" which is another important factor affecting what you should do.

In the cryptocurrency market when you buy altcoins you should never hold them so when you get your desired profit you should sell all of it and completely exit that coin and move on to the next altcoin that is about to be pumped to repeat the same thing and maximize the profitablity.

But in bitcoin things are very different simply because unlike altcoins, bitcoin has long term potential due to its real utilities. In fact many are accumulating bitcoin this way, they sell bitcoin when there is a big rise and  a chance of correction and buy back bitcoin with all the money they had to increase the final amount of bitcoin they have. Repeat until they reach their target (eg. owning 1 whole BTC).

It's never counted as profit until it's taken out. Anything can happen to it while it's still in the trade. We've seen supposed profit go to zero.

This is easier said than done. No one can confidently tell a crypto that's about to blow up. Otherwise, we all here would be filthly rich. The best any investor or trader can do is speculate. Again, what makes you think that exiting that winning and profitable trade and throwing the cash in another alt would be a profitable thing to do? What if the new alts dump immediately you buy in? We've seen that happen a lot of times. I also have been a victim of that. I rather take out my profit in percentage (something like 20%–30% first) and let the rest run than take all out at once and go chasing new alts.

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By the way, OP kindly move this thread to Trading Discussion (https://bitcointalk.org/index.php?board=8.0). That's where it rightly belongs.

People do so because the potentiality of bitcoin is not hidden, and it's doesn't have a deficiency effect related to die off on like some alternative coins, i agreed with you, because some of the altcoins is not worth reliable through long time investment, the only factors i found in bitcoin as a minor problem is price stability, stagnant or movement, it always fluctuates but it worth to invest irrespective of the values distability.

I have a strategy for you, care more about how much you invested if the coin is surging let's say 10x take out the exact amount you invest in the first place, this will unlock your confidence but holding on will depends on the quality of the project💯 if you feel like the project isn't that good then it's better to take all your profit

Why should you be confused about when is the best way to take profits?
We have a different strategy when we take profit, but I can only suggest you take profit if you see the profit is at 25% or more but sometimes, taking profit less than 25% will be good, especially if the market moves randomly.
You can leave your profits in the trade, but there is no guarantee that you will still see your profits in the next few days or months as the crypto market will always fluctuate.

Am not an expert trader also I don't have enough experience in trading crypto-currency, but what I have is persistence to learn what trading is all about and how I can make more profits than loss in trading, am currently orbiting the learning space of crypto-currency trading but I would answer you with what my plans are.
I personally would after a successful trade take out my capital and if I am to continue any further trading I would continue with my profits.

I'm not really interested in a short term trade, it's not actually my thing.. it doesn't give substantial profits as far as I can tell. I don't mind waiting waiting years to reap the profit of my investment as long as they keep working assiduously at their backend. So longterm it is for me though.

I think there is no specific perfect method when it comes to take profits except that you’re lucky enough to buy low and the price suddenly exploded in a matter of time (but depends on the trends that is happening on that specific coin or token that you have bought). The market is very unpredictable these days, so we don’t know when will it go up without warning.

I would be happy at least if I am going to take profit x2 or more for short to mid-term coins. But for long term coins such as Bitcoin, Ethereum, etc., I wouldn’t mind holding them for long (unless I’m a day trader).

The thing is, long term investments are actually very profitable when you're hodling a coin that's sustainable for the long period like Bitcoin, since you're pretty sure that Bitcoin isn't a pump and dump coin, thus no matter how long you hodl it and how many correction periods happen during your hodling span, you'll prolly make profits if you're patient enough to wait. But then again, if it's altcoins you are hodling, then tbh, you should only consider holding them for a short period, as I consider majority of them to be short term projects and if you try to stick with it for too long, you'll more often than not run into losses when it eventually dumps.

better to learn the movement of the growth rate so that you know how or when is the right time to exit., because it's not actually about the percentage you already had wherein its all about the potential of the coin you trade.. If you see some negative sign then better to exit and don't wait until your profits disappear, if its all well then continue holding but set your stop loss limit so that no matter what happen even you're sleeping you can assure that your profits will be directly to the safe place, that's always a good idea to be honest..  ;)

This is where you could able to differentiate out on whats between a long term trader or short term ones because if you do prefer on seeing profits on shorter duration then setting some percentage

is a must and when it hits then you would basically be selling off.Rinse and repeat which i can say that you could really make more profit compared when you do just wait for the price to go up.

So its your choice on what you preferred because some are risk takers and some do prefer on dealing with less risk.

What I have realized in my years of trading is that always take profits at different points, don't just be stuck at one rigid point and make it your take profit, have at least 3-4 TP points, and make sure you take adequate profits on all of them, talking about how much should be these points, a general rule to calculate it can be the Risk to Reward Ratio, you can use your risk %age and make sure you take alteast profit twice of your risk percentage unless you are very unsure of your trade, patters can also help you identify potential TP points, resistances can also be used as Taking profit points.

I seriously I believe you should make conclusion yourself depending on the way market is at that particular moment sometimes you will have to remove your capital and also your profit if you notice the market is not really favorable you have to leave the market completely, but if you think the market is not really bad you can take your capital out and leave the profit. Like me now I always take the capital and then leave the profit depending on your choice because we all have different trading pattern.

If you are talking about altcoins, ICO, DeFi or whatever it is then the best way to earn profit is to sell them early because there's no point of holding it for long term since eventually they were going to dump those shitcoins project. It's better to put your investment into Bitcoin rather in a pump and dump projects who doesn't have a chance to make profit in a long term investment.

Better understand the project/coins you are dealing with than making a risky move to try to trade with it trying if it's profitable. That's a waste of energy and time, you should know how to focus only on your goal and stop trying on a different stuff that isn't gonna give you some profit in the long run.

It's a good decision if you will get your profit at once and hold them in a long term.  Just like, if you have profited more than 50%, that's pretty good to re-invest again when there's a correction of Bitcoin price.  It's really hard to jump in a dip price, you need to wait a perfect time of investment, and also taking profit should also be a perfect time and I think, there should be a profit target.

Possible, but don't expect that you will take profit next time as big as you get as earlier.
If I were you, just take profit at once and reinvest when the market becomes in the bearish market again, but the question is when this will happen, it seems the market has been enjoying the bull run.

If you're conservative and just want to take your capital, take it first and leave the profits so that it can do its own thing for you.

And that is to make more profit to you while securing your capital. As it makes profits, you should take as much profit as you can. Whether it will be 10%, 25%, 50%, or all of it.

As long as you're contented with the percentage.

Your idea can work but the question is, what if that's not the scenario?

We will know if our plan is a good shot unless we tried it. For me, disregard your confusion and if you think it's the right time to sell, just do it without hesitation. The same action is also applied when thinking about buying.

I'd rather take profits the time I really decided to sold it. Be it 25% , 50% , 100%, it doesn't matter as long as I will profit from my actions.

The more you wait for a price target, the more it doesn't happened so just sold it if you are 100% ready.

As long as you can make a profit of more than 15%, you can sell it right away. You can sell your coin at a profit or hold it for the next higher price to sell, which will be up to you. But maybe you can sell for 50% of your coins so you can get your money back and you can search for the other coins or buy back the same coin at a low price. Or you can sell all of the amounts if you think the coin will drop after it reaches the highest price. Everything will be back to your analysis before you decide.

My point of view is that taking profit is not a bad habits but taking small profit will not give a bumper returns that share going to fill through his lifetime. Some capital should be for long term basis then you can take your minimum profit. One more thing we can do that over 50% of profit is definitely going to accept by traders because in today's world you never know what is going to happen next.

The best way to enjoy your profit is to become not greedy to your self, because when you greedy u can lose all your profits u have. Do some research and look for the fresh news about your cryptocurrency it's better u get 1% profit everyday rather than having 30% profit and the u lose it all

What I have seen many times about profit taken is that, it's better to take profit whenever you see one.  No profit is too small or too big, profit taking is a skill that must been learnt or else,  you waste your resources and your precious time invested!

Understand, what you aim for from profit taking is to cherish the pieces of meat that you cut from the crypto market, maybe a small piece of meat does not make others salivate but for you, it's the result of resources and days of hard work, squandering it is like not respecting what we ourselves make and this is not a valuable virtue that can make us better. Taking profits requires such frankness, many traders desperately want their profits at the moon while not having a suitable rocket launcher, wasted quite a bit of fuel for flight and no harvest

Your profit booking should not be based on what market is doing but you must look for where you have bought and how much profits are realizable then you may go for booking profits. If you are going to get anything higher than 5%, then I guess you can go for booking profits. Usually 10% profits on each and every trade should be regarded as a good trade still 5% profits per trade is not bad to have.

I agree. We should not remain greedy while closing a trade. We should obey what technical analysis is saying. If we are not following as per technical analysis then we may lose our capital as market fluctuations may eat all the unbooked profits at any time.

Mathematically, 1% every day will be a big profit in 1 month, but sometimes the target cannot be consistently achieved so that the target is different every day. for me see the market to get the target is the main thing, we can place the target in the nearest resistance area, and I think more than 1% can be achieved.

You are really new not just here but in terms of trading crypto currency and others. Taking profit doesn't necessarily mean you should just take out the percentage profit you made in a trade but it simply mean for example if you enter a trade with a capital of $1000 and after placing traders and you were able to made an addition of $300 to your trading capital then you sell off your position and wait for another opportunity.

Traders in crypto trade for profit with less profit in trade, more profit must be made is becoming more prominent as an investment approach for traders this is because unlike day trading it provides more flexibility while providing ample trading opportunities to consistently generate returns. Trades are open for more than one day the location may remain open for a few days or weeks if the trade is profitable they can keep it open for months.

I also share your opinion on taking profit when trading cryptocurrencies, once I earned some reasonable amount of profit I close the trade and wait for another opportunity, I once became greedy and allow my trade to run to earn more profits but ended up losing, usually I used Bollinger band to take profit once the price had erupted out of the band completely I will always take caution hence take profit because "half a loaf of bread is better than none". I experienced high volatility of the price of cryptocurrencies thus I take profit as quickly as I can.

The best strategy to take profits is to buy when the price is down by following the Dollar Cost Average strategy and sell little when the uptrend is over.
If we look at larger timeframes, we can sometimes easily spot the reversal of a trend. Selling during these reversals and buying back when the price is low is the real deal.
This is how you should take profits but many fail to spot the reversal and follow the same strategy in the long run.

Also, it has been beneficial to just hold the coins for the long term for many people including me.
There are some coins that I hold for the long term and some coins that I actively trade.

It depends on you how you take the risk there are some people who make an investment with the help of technical analysis, technical indicators, traders hype and many more once they caught some signal of changes for the upcoming trend they make an investment on it. In the same way to you it's all about your knowledge, not all the time a coin pump almost 25% they are going to another 20%+ per cent of profit again there's a support and resistance on it it's all about your knowledge and risk management.

Yeah, but here we are discussing about how you are going to exit those investments. It means that we are considering lots of criteria for making an investment or trade hence do we need to consider same kind of criteria for exiting to confirm our profits? In my opinion, yeah we should consider all the criteria which are related to change of trend.

Unfortunately most traders are not following any technical analysis for exiting/profit booking. They are all going for booking profit blindly or going by fixed target level; in my opinion this will definitely have a negative impact on our profit levels in the end.

Firstly this totally depends on what you're doing. Are you trading or investing. This are two different things and the approach can be different. If you're investing for long term then ignoring the market until your target is reached would be the right approach in this instance. You might get tempted to take profit along the way but sticking to your investment plans would be the right thing to do and this will help your devolvement as a professional investors.

While in trading, understandably, people trade anything including shitcoin in hopes for outsmarting the market or riding the hype to get some profit. In situations like this, you're to seized every opportunity you see and take profit, I won't advice existing the market totally but your capital has to be secured then you can consider adding some profit and extra cash for buy backs Incase you still believe in the project.

Actually, it all depends on what you desire. If you believe that 25-50 percent is sufficient, I believe then is the moment to profit. However, some traders examine the graph and use technical analysis to establish the graph's ceiling and flooring so they may know when to take profit. But, once again, it is always your option when you are comfortable with the profits; if you feel compelled to hold more, do so without regret no matter what happens.

There are many strategies to take your profit from trading, but the most that I use is to set a profit target (weekly) before I start trading! Let say my capital is $1000 and my targeted profit is 10% weekly, so in this matter, I will be targeting at least 1.5% every single day which is very easy to get if you are a good day trader! 1.5% of $1000 = $15 per day, which means 1.5% in 1 week (7 days) will be 10.5% which is my targeted profit. So I'll be taking a $105 weekly profit from $1000 by targeting only 1.5% every single day which is 100% possible!

So there are many strategies, but always be patient! Small random percents will take you to your targeted profit easily.

Agreed. First off, you should be ready to take whatever happens without regret. To achieve that, you shouldn't risk significant(for you) amounts of money. Now, since you are not putting at risk something significant, 25% or 50% gain is hardly what you need. Wait for 200% or 300%, cash out half, and then play with the rest of it. In short: leave your profits in the trade until the gain is sufficient.

I think 10% to 15% profit is enough if your trading money is high and if you are brand new you will not find happiness even after making 50% profit, You have to decide first how much profit you will actually make trading and if you can't decide then I would say take a little more time before you start trading and then start, In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.

When we trade on a trading platform, we know that the profit we make is the profit of the profit.I sell it for more profit than trading. And as soon as I buy coins, I keep up with the tech profits.When my specified given actual goes away it automatically becomes a cell. So everyone will use this method in trading.

profit that has exceeded the target, then it is a bonus. the main thing is when we continue to profit and the target is met between 10%-15% per month is something of success, especially when using large capital, of course the results will be great too. Don't let us get trapped in greed, where any money will run out if we don't manage it well, and of course if it goes well, less than a year we will get 100% profit.

Do you mean if we have more in-depth technical analysis then we can set more targets? I do not think so. Instead of focuing on making big profits in single trade, a smart trader must look for many profitable trade even the profits are small from each trade. Overall, not losing but making minimum profits also will ensure our success in trading. So, "how much profit" is definitely insignificant in my opinion.

I am in favor of taking out 5% to 10% profits each trade. Just being consistent in profit making definitely more than enough for any trader rather than looking for big profits.

If you have made a profit as you wish, for example you have made a profit of 25%, you should sell it. That's your chance, don't multiply your profits before you open sell. You have to open sell first, after that you have to re-analyze and start a new trade by folding profits as new capital. This is better than waiting for a big profit on the main trade.

Percentage profit taking will really be varying on your own decision because niether you do like 10 or 20%  then its your own discretion or preference because its your own decision and not everybody wouldnt really

be the same when it comes to decision making.Taking profits is something your own decision and also not all would not all will really be having that long term kind of investor and there are rest who do love to short

in small spikes or increase in price which basically tells us profits will profits it doesnt matter on when and how you do able to gain those.

No doubts that if you can consistently gained 5-10% each trades and you keep rinsing the market as many as you can, that's more profitable than trying to maximize your profits in a single trade, though it's a case to case opinions and we do have our own interpretations with our trading activities, but being realistic and practical, with a high volatile asset, you need to act wisely. The more chances to make a quit exit with a decent profit is far better than a waiting game with a high risk that the market can go in the other direction and burned your position.

Not saying that long term is bad, but my point is if you can grab a good opportunity to sort the market and you established a good strategy to keep rinsing and getting more winning trade than some bad trades.

Best to consider and think deeper when you assess your decisions.

It could be good enough, not just good enough but a great return. However you can't do that all the time, if you are going to be long term then you should be aiming at x2 or even more, if you are short term then you may end up losing money there as well, and will need to wait for it to go back up basically making it a long term investment unintended.

So, what you should do is, aim for 10% if it is under one day, 25% if it is under week, 50% if it is under one month, and 100% if it is under 6 months. That's what I do, if I am going to hold something then the longer I hold it the more I wait for it to go up and as long as it is doing fine then I can wait for it to go up as long as I have to.

In trading, it is impossible to set such plans for the profit that you should receive in a week. Each week on the market is not like another because of the high volatility of the cryptocurrency. Therefore, if the market is bullish, then you need to take profit to the maximum, without limiting yourself to percentages. And when the market is sideways, you just need to take a break from trading.

Indeed, all decisions are in the hands of each of us, we don't need to be the same as others for taking profit. Everyone has a different strategy
and decision, there is nothing wrong as long as we can make a profit regardless of the profit generated. So it is very important that we have
good knowledge and ability to analyze the market, so that we can determine the percentage of profit according to the strategy we use.
Because many factors affect the way and the amount of profit we make from trading crypto. We must believe in our own abilities, because only
ourselves know the suitable way to generate profit. when trading, don't be influenced by people's opinions, because what other people do is
not necessarily in accordance with the strategy we use.

Profits are profits no matter when you take them out unless your trade turns out to be in loss.
The best time of taking profits is when you are getting 100% of it (2x), take out your capital and let the position run till your target is reached with a trailing stop loss, this prevents you from losing big on your profits too.
If your targets are lower like 20%, 50% etc. then take out 50% of the total position (some part of your capital too) and let the remaining profits be in.

Taking your seeds out once you see enough profits is the best and smartest thing to do considering that the market is moving up and down. Taking that chance to sell at high is a huge opportunity, many people had missed that thing because they even wanted more and more which is very unlikely.

But if you are a long-term investor and investing in Bitcoin, holding seems good as well. But for me, I'll take every opportunity that I saw and in fact, if I sell it today, I can still make a buy option once it drops again. That is really how it pictures out.

Basically, it's important, and it's worth noting, it depends on you... whether you are a more active or passive trader, if it's active... there's nothing wrong if you take steps like that, little by little anyway... if it is obtained frequently, it will be more profitable.

There's a lot of ways to take profits but it always depends on the factors. You can also use different methods like scalping if you wanted to take profit when price goes 25% or 50% you said, are you that confident about the coin you are holding right now? I would like to know what coin it is.

If your prediction about 25% to 50% I'd rather hold for a longer time. I'd suggest long-term trading.

remember that time conscious in trading matters a lot, when you cash out from trading and values the profit you achieve matters, and you know vividly that while some people get ride to the losing side of investment is greedy.

it doesn't mean that, it must be up to (2×) before taking off your profit, because you can be waiting for it to accelerate or climb to (2x) before removing the profit and the movement of the coin begin to backslide or depreciates in values while you have already made some atoms of profit, the only thing i can advice anyone via investment is to have a target and immediately the investment reach to the target you take off the profit.

i agreed with you.

 

We really cant say what strategy is best and could work for gaining more profits and I think it also depends on the coins that you currently hold.

Taking out the capital and leaving the profits are safest because you already get your seed. However in this strategy you'll get less compared to leaving your seed alone and just take profit everytime there's an increase.

In my case if I get the chance to sell, I go all in and buy back once there's a dump.

In my understanding, booking profits for what we are holding in our wallets or addys is completely different from exiting a position in leveraged market. I mean we need to have different strategies for our holding and for our active trading. I guess booking profits from our investment will be easier for most of us because we have time to plan and act but booking profits for trading is definitely a crucial one as within short period of time, we need to finalize.

Like someone mentioned on different topics, the strategy we have used to open a trade should again be used to find out where to exit; yeah for both target and stoploss levels. It means the profit booking or cutting losses of active trading should be done at trend changing point.

so many strategies and factors in play and that is right, it also depends on the coin(s) you want to trade with. but if we say btc, then with the roller coaster ride that we are in, you can easily get small profits. but if you will take out your capital and just work on your profits, it would be hard to achieve your targets because you may be working in small capital and getting like say 10% of that, is very small and don't know if it is worth your effort.

Taking profit in the scalping method is a good idea IMO.

Just like the uncertainty in the market, you'll be taking profits at different prices. So you'll be taking as much as you can, with little to maximum so that you can't miss any opportunity.

But how long it will depends on you.

It was a good idea if you are already an expert in trading but if you were just new to this, I suggest focusing on 1-2 coins. Although we wanted more profits, however,  that is not the way it plays in trading, we should have sometimes gotten patient otherwise, we have been dragged by our emotions and led to losses.

With several factors that could affect the results, that is why we can't guarantee that we can hit our goal, at least we are doing it hard and we gain profit.

When you are still starting then you shouldn't really hurry up yourself on making profits because this is where most people do really fail which would really result into loss of investment or capital in fast pace manner.

Try to be consistent and be sustainable and this should be your primary focus because on the time that you do have able to take some good grasp of it
then consider yourself on doing better.

Profit taking is normal and this will really vary on each trader.

It will really depend on your goal.
But, so far, I do that also.
Taking profits by setting a certain target of prices. I will sell at first around 40% of the coin in a certain target price, at least, I can get more than 60-70% of the capital. And then will sell again at another target price of around 20% in order to fulfill all capitals that I spend. And make the least to meet higher price again to get higher profits.
But these strategies are for top coins.
\
If it is about non-top coins, especially the new coins, I will prefer to take profits the whole after the increase ins enough

But if he will be leaving all the profits in the trade for too long, sooner or later he will lose in one day everything he earned during the previous days(or even weeks). It's true that the higher your bankroll, the more you potentially earn, but we shouldn't be too greedy about our potential profits. We should set our goal in advance, and once it's reached, we should cash out most of the profits, if not all of them.

One of the thing in trading matters a lot, I must tell you, which is confidence, if your confidence is good at trading and your loss power is also good, then this is a plus point for you and if there is a less profit even and you don't want to get into loss and don't want to wait then you should get the profit and leave that coin for more dump.

You don't have to be an expert to do that strategy.

The essence of it is like you'll be taking profits from time to time and not as a whole, you'll be cutting every part of your taking profit in many cuts.

And that's why I think you don't have to be an expert.

Everybody's strategy is not same, my strategy is that when i buy a coin then i waiting for pumping, if my token is pumped then i sold all token and buy another coin and also sometime it is depend of coins popularity.           

It depends on you. If you want to get more income, of course invest again.  Don’t take your profit if your trade is good and the coin you are trading has the potential to grow. If you don’t need money to spend, why do you need to take your profit? Just enjoy trading and use different strategies you know to accumulate more profit.

That's why we earn a lot of money this way. People making money on the market. Sometimes changing the market might be better for you...

There are many people waiting for market corrections so they can take advantage. It's never wise to underestimate the power of a meme coin, which has turned into an ecosystem that a lot of people love. Make sure that the token you choose has an active community.

No investment guarantees instant profit, there are many processes and things that must be learned again in order to achieve the desired investment success target.
Whatever the investment instrument, there is always a small or big risk. So before starting make sure you understand the characteristics, risks and profit.

Collect something little by little then it will definitely collect a lot.

You can take profit every time the price goes up, Starts to investing slowly with small amounts and see how it goes before increasing your investment. Invest money that is ready to be eliminated and not used for daily needs because the cryptocurrency market is very volatile and the risk is quite large.

Guys, trading profit is not just words. This is a process. Moreover, the process is neither quick nor easy. This should be taken quite seriously.

There are multiple approaches are available to book profits:
1. Fixed: Exiting at 5% or 10% or 25% profits. Traders decide where to book on the fear of trend reversal.
2. Strategy driven:  Some strategy are capable of providing target levels at the point of trend change.
3. Personal: Booking for needs even trend is in favor.

I am into practice of personal for my long term holding. This way, even I am a long term holder of bitcoin, some times I am enforced to book part of my bitcoin holding for the need of living.

The first two are related to active trading whereas the last one is about long term trading but not limited to. I guess all bitcoiners are into personal way of profit booking as we are aware of bitcoin's positive trend in long run still we book profits for some reasons.

This is definitely true, there's no investment that guarantees instant profit especially if this characteristics is what you're looking up to cryptocurrency, the volatility of the market would still be the top concern. In my case, I would prefer to take profit out of my investment when the price of my principal amount were double already or depend on my desired amount. Also, some factors are depend on other necessities or emergency needs. But as long as I can be able to hold it for a long term I would choose to hodl it for a quite long while.

Definitely depends on how you see your opportunities.

and by the look from how you see and interpret your investment, the chance is high to earn decent compensation,
in each decision that you made, it's better to have a set of backup plans just in case things are not favoring your investment.
You still have the chance to recover or to avoid losing the whole amount of your investment.

And with the profitable side, you can either maximize your profits or you can take you initial and allow some portions of your earnings to keep moving and making more for you.

A sure way to earn from this business, you just need to work more from how you understand the best way of anticipating the market.

How often you are able to book profits after getting doubled? I am just curious to know on what coins that you are investing. Because, if I diversify my portfolio up to 10 different coins, only 1 or 2 coins are doubling in one year of time and all other coins fetching me only negative returns. So, are you investing only with bitcoins or top coins from coinmarketcap along with good technical analysis? Please let us know if your time permits.

Maximizing profits will be possible only we are dealing with bitcoin or few other reputed coins. If you try to keep your investments after booking your capital with shitcoins then you may lose all your investments as most coins will never keep rising after showing some spikes.

When you have your capital back, whatever is left could stay there forever and can become 1 dollar if it has to, the waiting period is a lot better that way. I mean you investing 1000 dollars into something, it triples in amount, so you take that 1000 dollar out, the other 2000 dollars worth can be there for 10 years and you do not have to take a second look at it, it could become 50k, it could become 50 dollars and it would be all the same since you can't possibly make a loss.

I have friends who follow this rule and they have made a great return in over a course of period. This is not the most profitable method since it takes out some of the risk, but it is definitely a great method to drop the risk when you are ahead. I was thinking about doing the same thing, but I am in good profit now and I do not plan on taking anything out yet, I just want to wait and see what happens next.

People who've been thinking about making guaranteed profits doesnt really have an actual idea on how this market moves because you do say off things which you do have in mind but once reality slap into your face then this is where you do see things on how they work
or simply sees on whats the reality and on what actions you would  really need for you to deal with it.

In terms of taking profit here in cryptocurrency, you should know to yourself in which category you belong, are you a long term holder
or short term trader? Because if you want to earn here without any valid reason, I think your direction here will become vague dude,
but if you know what you are aiming here as individual trader, perhaps, you will surely know the answer to your own question.

Everyone aims for profit and nothing else, right? So, how efficiently making use of the peaks like sudden rise or gradual rise would be the matter of question here. Every individual will prefer to get quicker profits in my opinion as they do believe in more active trading until they gain experiences on dangers of booking at small profits.

Only when you learn about the power of long term holding then you will come to the practice of aiming for gradual rise and then might go for booking profits only at trend reversal.

I have to say it is clear to me that we could not have any type of profit for a very long period of time if we keep on trading at the hyped periods all the time and not any other time. Reality is that long term holding is great, DCA your way into lowering purchasing price and keep waiting is awesome, only because it also includes the down times as well, which means you get to buy cheap and making profit that way is easier.

I would say if you keep on focusing at the potential profits at every time there is an increase, then you are going to jump the bandwagon for hyped periods and make a loss, but when you do long term then you do not get excited about one part, you will try your best in every single period.

Of course we do have different decisions whether on when we do take profits and on what level we do consider out on securing those.So its a person type of choice because not all would really be having the same mindset in doing so.Profit taking is what we do always aim since from the start and its up to someones  preference on when and what time they should really be doing it because there are various factors or conditions might really be affecting
our decision midway thats why it do really vary.

I'm also one of those people who are sometimes in an event of ending up with a question if I will take profit or not.

It's hard to make such a decision, especially when mooning. And when bears now slowly showing, it's also hard to make a decision if will buy.

My way of taking profits will start from my price satisfaction. After selling, I won't like to see that coin in the meantime to save my ass for the possible regret and disappointment if the price went up more.

In a case  where the capital is not enough and no source to get money to add to capital  I feel  maybe if not all of the profit part of it can be added to the capital to get more. But if the capital which is been used for trading and it yield it's not advisable to  always add profits it's better to take off profits.

Have experienced similar situations and also mostly that scenario led to regretting for not booking at right time; one good example must be what we had experienced after an ATH in April. By the times of April, I was confident about getting into $80k levels but in June I was regretting for not exiting with profits in April.

It is hard if we still look for more. Some times, we turn greedy which is the reason we are not ready to lose the future growth of bitcoins.

Yeah, a good way to get practiced to. But, the problem is when we are confident about continuous rising then we will never get any of satisfying target levels to book profits with.

Greediness is very cruel and one common reason for our failure and losses.
I know that everyone is asking when? what if? We live in presumptions and market prediction but because of our faith, we are able to get strong and hold. However, with the greediness lives on us we forgot to think about the volatility of the market and not getting satisfied but wanting more that is why we mostly ended up blaming ourselves.

Everyone usually has greed and that's a very human thing, but because we know greed is one of the reasons we experience losses when trading.
So we must be able to control it, because I know that it is almost impossible for us to get rid of the greed that is in us. It is not easy to control
greed, there is a process that we must go through, but as long as we have the intention and try hard. We can control our greed, if our greed
can be controlled properly. We can know when is the right time to take profit, because with controlled greed, we can be satisfied with the profit
we make.

To control greed, of course, through a learning process, where we must increase our experience in trading so that we are faced with various conditions in the market. to a wider extent we must be able to control the psychology of trading, where each person will be different at different times of achievement. this is very useful for suppressing greed in taking profits that usually occurs and obeying the cut loss area

It is a very good strategy, in my case I use profit taking in another way, I carry it in conjunction with Stop Loss, that is, for an operation if I have a Stop Loss of 8%, which is the maximum to risk , the profit taking is Stop Loss x3, that is, I take profits up to 24% profit.

Obviously for natural reasons my trading is in the medium and long term to be able to have that type of profit, but it is a very simple way to trade, apply techniques and it is even easier to react to the market in the face of a possible rebound or fall.

It will definitely be depend on you that how much you need the money whether during the trading which you had already invested in the coins and one another thing if you have the ability to lose the money which you don't want to be sad on it, and the forth most important thing is that you have to be very patient.

If you talk about making profit based on how much money you need for the day,then you'll end up trading on loss.
I can remember when i did joint trading with a friend and he was eager for a hundred dollars for the day so bacause of his eagerness,he didn't read the news properly to know what to do;whether to buy or to sell
Since he didn't analyse properly,he had to buy when the market was selling and he made huge loss so am concluding it by saying that it isn't preferred to trade when you are eager for huge profit from an account with little strength

24% profit must be massive to have. Even in long term holding, I am not able to achieve that kind of profits regularly. I am also into technical analysis to project where market may stop falling down to get into but most time I am catching the falling knife and then I need to wait more till market shows me a recovery. This way I may book profits and exit as early as possible before facing another round of downfall market.

So, after a long waiting, just booking profits around 5% itself sometimes satisfying me by considering how much potential losses were my positions facing when the direction was not in my favor. I guess if I work more on my technical then I may avoid entering in the middle which may definitely help me to make more percentage of profits.

Greed stops us from taking profits even you're already there. It's a matter of the satisfying the amount of profit and the goal that you're setting for yourself.
But if the market can do no longer good then you have to make sure that you have at least taken some decent profits that will make you feel good before the market goes down.

From the contents of OP, your clearly talking about accumulating or hodling some coins I suppose and if I'm not mistaking, hodling coin always comes with some profit. Mind you, the larger you stalk and hodl, the more profit on percentage.

Now, there have been some clear amount of safety and satisfaction in the fact that, some investor might just take out there capital, along with some profit if the luxury allows. Should they loose on an investment, it would be that they profited in the longrun at last or only the extra profit was lost. Its still okay and plays around with the investment rule or guideline that states, 'only invest what your ready to loose'. Who cares so much anyway.

But mind you, there is a clear difference between profit on investments as per stalking and hodling a coin and profits from trading. On a trading account, the profits that reads on the chats is never yours until you take it. In hodling investment, it might be similar but different in the sense that, the market price sets your profit margin along with bagging it.

If the benefit is total, but of course this in a market with already established currencies, preferably with the first ones of the CMC, in fact I have currently discovered a market that is much more risky but the benefits are immediate, and like everything, it has a great risk but it is much faster than trading in the long or medium term as we are used to in the world of cryptocurrencies.

The market I am talking about is NFT games, there are many launches, there is more coverage of projects that you can quickly profit from in one day knowing how to trade.

To those people who had been saying that taking profits is easy when you are already into that condition then i would say that theyre lying.All of us did

really come to a point or experience on which we do really hesitate on doing so because we are still hoping for more which you do tolerate your greed

and this is where mistakes do happen whenever the price had corrected and those profits arent still realized then for sure you would really regret
in the end.

Exactly, nothing is easy moreover in trading.
So far, I am always experiencing such difficult trading in any kind of market condition.
But, at least, it still works and also gives me profits, but I can say that it is not easy. Analyzing the fundamentals and also technical analysis is not easy for me personally.
But I don't know if this is for professionals moreover for those who use a very great AI Bot for trading.

It can't be expressed how difficult it was when we don't try and most of us as struggling hard to make a profit too different from how these inexperienced traders are saying (especially signal groups). And that is why we should open our minds and never trust those people saying instant returns as it never happens in real trading.
And instead of thinking EASY, we should have to put extra time to learn more about trading for this sake or else, we will just fail in the end.

Sometimes the learning process to be able to control greed must be passed by experiencing losses first. Therefore, if we experience losses,
do not immediately blame the coins that we have bought. But maybe it's because we don't realize that we can't control our greed. After all,
everyone has a different process of controlling greed, some suffer enough losses once, he could immediately realize his mistake. But there are
also people who have lost many times, even to the point of losing all the capital they have just realized the mistake they had made. This means
that crypto trading is not easy, everyone needs a different process, the most important thing is that we want to fix the mistakes that have been
made and also have to be patient to achieve success. It's okay to make a small profit at the beginning of trading, and we should be grateful for
whatever profit we make. Because to be able to generate large profits there is a process that we must go through, because it is wrong to think
that we can make instant profits in cryptocurrency.

People wont learn unless they do try and its true that nothing can be explained unless you did actually  able to experience it but if not then
you wont really have no idea on it works or on  what  things you should gonna do on various conditions and its true that  sustaining  yourself on this market isnt really simple as it sounds.It does require real experience came  out from those analysis you had made.
Something cant really be known  overnight  and  take several months or years to have a good grasp of it.

This is very good question and most of us get confused when our trade is going in profit and we don't know when to take profit and exit the trade. As you said take out your seed money and leave the profit so that your risk goes down to zero, this is also considered good Exit strategy. Technically speaking price rarely goes up or down like parabolic manner  but stop at Resistance and support. The best strategy is to take profit at resistance and make new buying at support. This way your can make profit consistently but you have to wait before price reaches on Resistance and Support level. Remember trading is the game of patience and nerve control.

First of choose best coin according to trend and second try to buy in dip or you can buy in parts.
Selling limit should be 50%  on increasing 50% and 25% when 80% and rest should be hold for mid term.
Some time coin increase 10x like Shiba or 5x like Mana. So we can create maximum profit without any risk

That's true. When we're at the likely top of the bull run, we're still taking time to think if it's already enough for us to take the profits or we should wait for long because that will give us more profit as the usual mindset of every trader and investor.
Been there and done that and what I've learned is quite expensive from learning through this expensive. I should have a lot of profits by that time but because of some circumstances, I have to sell early but still it's a profit then.

I use to believe in long term holding but not any more though this worked for early crypto adopters....today i think the most profitable strategy is to keep scaping for your profits. Just as forex you could apply a risk management strategy of say risk 5% of your portfolio on each trade and for take profits on lower time frames, a 1-10 Risk to reward should be very possible to collect if you are an aggressive trader or if you want to play it safe a 1-3 should be very much possible to attain....and within 50 trades or so taking into account of some losses you should be able to double your portfolio.

You need to develop a plan when you need to take profits. There is no hard and fast rule that you have to take profit in chucks or you take all profit at once. Everyone has difference preferences over different trades.
Normally. i prefer to use trailing stop loss, this way as the price of the coin moves up i keep on moving the stop loss. This way i take maximum profit and also don't miss out on profits by selling early.

Good plans deliver the most part of this investment, without having one will lead you to keep gambling from your investment.

You need to develop good strategy and attitude towards your goals. The moment you enter this field, you are already placing your fate with your decision making. If you work well and study the deeper side of this industry, you'll find the right sets of systems to use, it's not how fast you can take away profits from each investment but more on how you keep repeating and winning from your trades.

The problem in profit booking is, you may not know what will be happening next like market will come down before you will be realizing your profit or market will keep moving up after you go booking profits so the hesitation not to miss further profits or missing out a good profit due to greediness kind of thing is the biggest challenge in front of all the traders when going for booking profit.

Mostly, we have no idea when to take off and stop this trade. Because, it is not easy decision, but we need to check all ways of market when we have some better profit than we can take and then still have eye on this all because if this reach on some stable level or fall then we can jump again which will help us for having some good exit and entryway for this profit.

Mostly members with some good strategy take profit at resistance and make new support buying for another entry and having better profit on this trade. This all requires some good intention patience and trade without any emotions, otherwise you are down and out.

That's why the importance of a skill and knowledge in investing,
when we don't have these two things I think we will very easily lose money,
everyone who wants to start investing and wants to make a profit needs to learn and understand it, of course it's not an easy thing

Booking profits at support or resistance levels based on whether you are going for buying or shorting will be a good strategy. But unfortunately, it is not that easy to spot out exact resistance and support levels which is the reason most traders are getting confused whether to book profits or not.

Booking profits for your investment is easier compared to profit booking in trading. Because, you can decide whether the profits made so far are enough for you kind of thing in investment but in trading it is time-dependent, you must need to go for it otherwise your profits will be missed out.

Taking profit is a good habit. And if we get a profit in trade then book some profit at first resistance level and then wait for second target. Book some profit, but do not close whole trade. Close trade in portions and book some profit.  I am taking profit time by time. This is a good habit.

I understand that some people may have different feelings about the current situation. It is understandable that people may not understand when to get out and that is a very human thing. After all we are all a bit greedy aren't we? I mean if we weren't this greedy then we would not want that extra dollar and we would all live in a very good world.

In fact there is enough food and resources to have everyone live in basic needs, a house, enough food everything, but then some people come out and say "but I work hard to earn what I have, why should they get it free?" and miss the point that if they work then they should have even more than basic needs, and not workers should get only the basic needs, but hard workers get only the basic needs and not workers get nothing because wealthy overlords want it that way. All in all taking profits is a human problem, not knowing when to get out is a human problem.

It mostly depends upon the coin behavior and the your trading strategies, how much you had invested at the moment? Secondly in what ways you are doing trading? And another way of taking profit is that profit should always be at some percentage, it is not necessary that it must be 50% but it should be profit, whether a big profit or even a small one.

The percentage of profit back at the initial target setting that you have made. If you are a professional trader you should prioritize your trade management, if you have set a profit target for example in the short term 25% then you should take it immediately. Don't let greed rule your mind and make you regret it later. In my opinion Stay focused on the main goal according to the desired profit target.

Not at all! ;D If does do you think there are still many people will lose their money in this business? Proper understanding and right sets of skills are learnable in each participation that you made during your stay. Even you lose some money in placing your investment on a wrong project, there's still knowledge that you can get to avoid making the same mistake over and over.

Trader who know how to adjust and how to deal with any kind of results mostly succeed from this venue of investment. You are the one who will lead your own fate, make sure to keep your goal intact and not to fall into greed.

I agree with you, taking 50% profit is too high on the spot market and investing up to 50% profit may take a long time. So analysis is needed.