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Title: How to take profits? Post by: feeling sound on August 03, 2022, 04:46:39 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: masulum on August 03, 2022, 05:15:06 PM Actually, taking initials and taking profit are not that different. For example, if you go from 300 to 500, you make a withdraw for 300, that is, you have withdrawn 200 from profit and 100 from Capital. This is then considered a return on investment. Most of my friends, will make periodic withdrawals, ranging from 40% - 60% in withdrawals to achieve ROI. After achieving ROI, now the money traded is purely from the rest of the money saved.
I also will not invite you to do the same method, because everyone has the freedom to choose/make a decision. Title: Re: How to take profits? Post by: ryzaadit on August 03, 2022, 05:19:08 PM If you feel and believe the market is going up but want a safe investment.
Then, taking initial investment and keep the profit on your coins is a good way. In-case some shit happens and you miss prediction, then you're only losing estimation profit not your money. Most mistake people is not taking the initial investment, and keep holding while they don't know anything about the market it self. Ended with loses ~XD Especially while you're trading with shittoken/meme. The volatility is really high, you need to secure initial investment first. Title: Re: How to take profits? Post by: Muslimin mj on August 03, 2022, 05:50:40 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. many people lose their assets because they forget the initial investment assets because their predictions and targets do not match. even though they have made a profit, but they forgot to withdraw the initial investment asset. so my advice if you have profited more than 50% of your initial assets then you better withdraw your initial investment and re-invest in other coins that you think have good potential in the future. Title: Re: How to take profits? Post by: hashrateproducts on August 03, 2022, 06:21:24 PM many people lose their assets because they forget the initial investment assets because their predictions and targets do not match. even though they have made a profit, but they forgot to withdraw the initial investment asset. so my advice if you have profited more than 50% of your initial assets then you better withdraw your initial investment and re-invest in other coins that you think have good potential in the future. Withdrawal of profits are sometimes forgetten or simply ignore because some Investors and traders see it as not yet I'm to withdraw, and before they know it, they will liquidate all their coins. Profits should be withdrawn on all possible bull trade, because one never knows the next position of the market. The market fluctuate and very difficult to predict which coin while dump and the one that will be pump. Profits should be monitored on all trade and fully withdrawn so the aim is to know whether you're progressing or retrogressing.Title: Re: How to take profits? Post by: kamvreto on August 03, 2022, 07:01:24 PM Actually this is very easy, if you are satisfied with these benefits, take all the profits and invest again to get other benefits. 300 Euros to 500 Euros of course you have got a profit of 200 Euros. You don't complicate things when they are actually easy.
Everyone has a different point of view on how to take advantage, of course you have to get these benefits and don't let them lose. https://i.postimg.cc/PqdcKsJ4/takeprofit.jpg Title: Re: How to take profits? Post by: passwordnow on August 03, 2022, 07:31:50 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Either of the two. It's all up to you how you're going to expand that money of yours and both options are good if you want to invest in another crypto.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. There's really no magic on it although you are getting additional risk as for getting new crypto to invest that's the ideal one because that is what the majority does. Just do what you think is right and the experience will tell you if did it wrong or right. Title: Re: How to take profits? Post by: Anonylz on August 03, 2022, 08:00:08 PM I would say depending on the market period, taking profit during this period will not be such a wise move as the market is yet to recover. if you take the initial investment out at this time, you will be missing the opportunity to earn more when the market fully recover, and besides taking profit to reinvest now won't be profitable because market is already too down and the probability it will go lower is slim.
Take out your initial investment when the market is at the peak, hold the rest if you want you can reinvest all or just 50% of the initial investment when the market is down. Title: Re: How to take profits? Post by: iv4n on August 03, 2022, 08:01:31 PM I think most of us are in the same dilemma! Well, after a long time I learned that you can't trade if you don't have some holdings on a side... cause trading with everything you have it's like you are gambling with your whole bankroll and you hope for the best!
Simply said you have $300, put $200 in the coin you believe in, and use $100 to trade and try to swing a bit if you think it's a good opportunity for that! Either way, you will always have your holdings, it's like another chance for us to try something again if things go the wrong way! And one last thing... how to take profits depends on your desires! For example, when I wish for profit I would like that to be in more coins, not in dollars or euros... and some people aim for more dollars! You need to know what you wish to have more. Title: Re: How to take profits? Post by: boty on August 03, 2022, 09:44:31 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. honestly i will take my initial investment and some profit to growth my initial balance.the rest will hold as long technically or fundamentally support its movement. Its be risk free and we will not worry if suddenly market change its direction. As traders we have to know basic reason why we trade, profit be our main goal and we get we have to secure it dont let it be losses.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: o48o on August 03, 2022, 09:59:56 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. You are asking a question like there would be an unified solution for this. There are TA experts disagreeing with each other, hundreds of different indicators that some people swear to, and some dislike most of them. Reality is that most of people can't sell the top, because it's just mathematically impossible. It's a zero sum game that might bring money if you enter and leave right time. But NO ONE knows when to enter and exit. It's just a game of probability and these probabilities aren't that high. Title: Re: How to take profits? Post by: Oilacris on August 03, 2022, 10:09:34 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Depends on you but in general sense you could really take advantage on getting profits on realizing it or making it real because if you havent sell then those are just imaginary ones.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. People are different when it comes to approach whether they are patient enough to look for profits in a short time or would really be holding no matter what. Dont listen up into others suggestions and advises and rather stick to yours whether if you do see that reinvesting those profits would be ideal and effective for you then go ahead.If you are really holding for long term then stick to it and wont mind about these movements. Title: Re: How to take profits? Post by: Psynthax on August 03, 2022, 10:17:56 PM that sense of missing your potential profits could be identified as greed and it could gets you losing your investment if you continued holding for much more time even if the investments you are holding already hits ATH.
I think you should take profit if you think you've already made quite the number of profit and could always reinvest, that way you aren't gonna miss out the chance of taking profit instead. Title: Re: How to take profits? Post by: wheelz1200 on August 03, 2022, 10:27:02 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. It depends on what your goal is. If you want to shed risk then yeah I'd pocket my initial investment in that case you presented. Then trade the 200 which is essentially house money at this point. Then aggressively trade that if you are looking for big hitters. Never bad to pocket profits though if your goal is capital retention. Title: Re: How to take profits? Post by: isaac_clarke22 on August 03, 2022, 10:47:41 PM ~ That is where your actual strategy comes out. Another strategy would be taking it all out then investing either 90% or 50% of it to a cheaper coin so that you would at least not just end up breakeven at the average case scenario if not in the worst case scenario of getting losses instead.What I did in my long-term holdings was take out the profits only and keep the initial going until I do not see it going anywhere soon. Title: Re: How to take profits? Post by: judeafante on August 03, 2022, 10:55:11 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. It depends on the coin you're holding and you're patience if You're holding Bitcoin and your projected income is 5 times your investment and you have the means to support yourself and hold your wallet in a long term then go for it, as long you're invested what you can afford to lose, and you're holding a coin that has proven its potential you can go hold it, in general, the market is very volatile and there's always a chance to make a profit if you're following the market you can grow your portfolio by taking profits it's always recommended to take a profit because we are investing and everyone wants yield on their investments Title: Re: How to take profits? Post by: Hypnosis00 on August 03, 2022, 11:15:00 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. The only way we can generate profit is to sell them high. As you can see in your portfolio, it was quite growing a little bit, and selling them earning $200 euro could be somewhat great. You can sell them all and reinvest them again or just get the 200 euros. Honestly, nothing happens with our money and we don't need to keep them asleep because, in the end, we become a loser missing out on the chance to earn profit. As you can see, active traders earn more profit compared to holders because they can possibly earn some every day, unlike holders who will just have some if they will sell which is not happen every day but for months or years. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: Jackl87 on August 03, 2022, 11:17:50 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. I am a notorious hodler too, which also has to do with the tax laws regarding crypto investments here in my country, because you have to pay taxes on profits that you have made while trading cryptos except if you were hodling the tokens or coins for more than 1 year then you don't have to pay taxes. That is why i hold the coins at least 1 year. It is definitely true that you can make way higher profits if you are an active trader in comparison to someone that is just hodling but of course every trade that you are making also means that you can make a mistake. This means not only the potential profit is way higher when you are a day trader but also the chances that you lose all your money are way higher. Title: Re: How to take profits? Post by: X-ray on August 03, 2022, 11:27:16 PM Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. It's better rather than hodl your token for long term but you will get nothing from there. Title: Re: How to take profits? Post by: Farma on August 04, 2022, 12:50:53 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. from what I learned, it is one of the strategies in investing. at this time, your method is also not wrong, in fact you are right that when you use that strategy, then you will lose the maximum potential of the assets you hold. however, people suggest it, because it is a pretty good strategy and also low risk. it is a technique that always puts profit first, no matter the maximum potential of the asset you hold. as long as it's still profitable, then that would be great. Imagine, when your $300 investment becomes $500, and you take your main capital from $500 and it becomes $200. In this condition, you do not have the slightest risk, because you have taken the main capital you have. In this case, you can get a sizeable profit when the price goes up again, and you can buy back to the amount before you took your capital when the price drops. well, this is one strategy that is widely used to date.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: Silberman on August 04, 2022, 01:42:56 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. There is not a simple way to answer this, there are thousands and thousands of books written about that, being a holder is relatively easy as long as you can withstand the heat and hold when you are facing some losses, however trading is something way more complex and it is not for everyone, I will recommend to you that you begin to read articles about trading in general and once you know more about the topic you could begin to read some books, but let me warn you becoming a good trader is not something which you will learn in days and at best it will take you several months before you are ready to make your first trade.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: antsam on August 04, 2022, 02:12:02 AM I think it depends on your personal strategy because the core of the investment is that you get profit from your money. Whether the profits are withdrawn to be invested in other projects or attract capital to be invested in other projects, both in my opinion are the same and are very good as investment diversification.
Title: Re: How to take profits? Post by: adzino on August 04, 2022, 02:15:01 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. How do you take profits? When the market goes up to 500 euro, you take our more than 300 euro from your investment, you already took your profit. Now even if the price falls down, you won't lose anything, since you already covered your initial investment. Anything from now on is only profit. If the price goes up, you are in more profit, if the price falls, you have less profit. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Most people reinvest their profits when the price goes down again. Title: Re: How to take profits? Post by: Sterbens on August 04, 2022, 07:49:28 AM I think it depends on your personal strategy because the core of the investment is that you get profit from your money. Whether the profits are withdrawn to be invested in other projects or attract capital to be invested in other projects, both in my opinion are the same and are very good as investment diversification. It's true that everyone has their own strategy that they apply to be able to take advantage. I think that's how we see a more favorable situation. As you said, you can withdraw profits or withdraw capital and let the profits in the assets that we have. I personally prefer to let the profits work for us.Title: Re: How to take profits? Post by: Wong Gendheng on August 04, 2022, 07:58:39 AM For profit, of course there are many things we can do, but what I think is the easiest is to hold and stake, if we focus on big profits then staking is the best solution, especially in Pancakeswap there is auto staking so that all earnings will continue to accumulate and become more profitable if Prices also go up.
Title: Re: How to take profits? Post by: Cryptmuster on August 04, 2022, 07:59:44 AM There is not a simple way to answer this, there are thousands and thousands of books written about that, being a holder is relatively easy as long as you can withstand the heat and hold when you are facing some losses, however trading is something way more complex and it is not for everyone, I will recommend to you that you begin to read articles about trading in general and once you know more about the topic you could begin to read some books, but let me warn you becoming a good trader is not something which you will learn in days and at best it will take you several months before you are ready to make your first trade. Trading is difficult and a few months will not be enough here, it will probably take several years to gain experience in practice, but even then there will be no guarantee that there will be good results in trading. Being a hold is also not very easy, you need to be able to buy and sell on time, otherwise the profit may be insignificant, and hold requires a lot of time and you need to get the maximum result from this. Title: Re: How to take profits? Post by: poldanmig on August 04, 2022, 08:36:46 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. If indeed the investment is dubious then it is better to at withdraw the capital we first deposited and play the profit as capital, even if later the investment we make looks chaotic at least we will not experience lose the money, I personally initially traded with capital saving money is around $500, but when I get a little profit in the market then I withdraw the initial capital and put it back in savings, but the little profit I get I continue to play as trading capital so when the market collapsed some time ago I didn't get much impact on my finances.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: Wildwest on August 04, 2022, 09:43:37 AM With the current state of the market, of course, we must be able to take advantage of the situation, if we have invested and we have obtained profits, then don't wait long because the market can recede again in a short time and take advantage of these profits then we return to invest in other coins that can indeed promise to be able to regain profits, but if you want to maintain on potential coins then it takes a long time to be able to get maximum results.
Title: Re: How to take profits? Post by: BuNga_cute on August 04, 2022, 10:33:29 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. If indeed the investment is dubious then it is better to at withdraw the capital we first deposited and play the profit as capital, even if later the investment we make looks chaotic at least we will not experience lose the money, I personally initially traded with capital saving money is around $500, but when I get a little profit in the market then I withdraw the initial capital and put it back in savings, but the little profit I get I continue to play as trading capital so when the market collapsed some time ago I didn't get much impact on my finances.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Your strategy that uses the profit we generate for trading capital I often do it. Indeed, that's the best way to minimize risk when trading, because sometimes the market doesn't move the way we want it to. Moreover, if we trade in new coins and shitcoins, we must immediately take profit if there is an opportunity. So if the trading capital we use is derived from the profits we generate, when the market falls and we experience a loss we will not lose our initial capital. That is the importance of us immediately taking profit and not delaying it to get a much bigger profit. So that we can immediately get profit and after that we can withdraw our initial capital, and continue trading using the capital from the profits we generate. But for some top coins, such as BTC, ETH and BNB, I prefer investing for the long term. So I only sell it when the target I want is reached, because I believe in the future of the 3 top coins that I have mentioned. In the end, if we want to make a profit in the crypto world, it depends on our respective strategies, there are various ways to make a profit from crypto. Title: Re: How to take profits? Post by: zasad@ on August 04, 2022, 10:47:20 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. You don't make all the money in the market. The best scheme is to wait for a profit of 200 percent and take your invested money.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Or you invest as a long-term investor. But then you are waiting for a bigger profit but you also understand that you can lose most of the investment. Title: Re: How to take profits? Post by: ultrloa on August 04, 2022, 10:51:35 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Never try to believe someone telling you that its good to sell at that figures or whatever tactics they do for profit taking because it will never come with the same result at your end since sometimes you cannot replicate what you do since trading is situational. Better create your own game plan on trading and set the threshold on when you want to take your profit since for this for sure you will have a guide and realistic plan on your trades. Title: Re: How to take profits? Post by: Kadal Ijo on August 04, 2022, 11:01:29 AM Many things we can do to take profits from cryptocurrencies, but if we want security and long -term focus, hold and staking is the best option, such as if we stake cake then we can get apy up to 60% and of course the opportunity for profit if the price continues skyrocketed.
Title: Re: How to take profits? Post by: icalical on August 04, 2022, 12:51:33 PM What I usually do is, let's say I put $300 as initial investment, and then I decide the the minimum amount I could withdraw for example $100, so I will wait for the value to go up to $400 and then I withdraw the $100, and then I will move the initial investment to other coin, do that 3 times so I can withdraw $300. That way I have already get my $300 and now I have 'free' $300 on my portfolio, then I will let the value wait the value goes up to $500 and then I withdraw $100 so now I have $400 as my portfolio, after that I will only take small mount of it, like weekly or bi-weekly, doesn't matter whether the values goes up or down, but to reach this I will need 6 months or even more, so it's not a quick way to make money.
Title: Re: How to take profits? Post by: Reid on August 04, 2022, 01:20:30 PM I always choose to just leave 20 percent of it.
Take that $400 and if you decide that time is ripe to buy again with a cheaper price then do so. If you want, you could just use the profits for the investment method. That way you are safe to say you got your ROI back. After that will be the hardest part because some investor will think they can take the higher risk because it's just profit that they are wasting. That will be a bad decision. Treat the profit like your new capital, safe, save, choose carefully, decide in a manner that you did at your first investment. Title: Re: How to take profits? Post by: yazher on August 04, 2022, 01:42:59 PM Well, it depends on your future needs, if that money is meant to buy something more important in the future, then you might consider getting the capital as soon as possible because you might not get any gain later when the market is not going well. If the money is just meant to be for pure investment and you don't have any plan for it in the future, then you can choose to grow it together with your current capital or withdraw some part of it to be able to regain back your money and use the remaining to invest back when the price is low.
Title: Re: How to take profits? Post by: bitkanu on August 04, 2022, 09:13:07 PM If you think you're already in profit I think you just take that profit and simply disregard the thinking that it could go even higher because most of the time, things just wouldn't go your way.
after all once you've taken your profit, even if the coin goes higher, you're still in profit, instead if the coin falls in value and you're still holding it, you're at loss, basically by taking your profit you're still winning in many scenario. Title: Re: How to take profits? Post by: NewRanger on August 04, 2022, 10:15:14 PM If you think you're already in profit I think you just take that profit and simply disregard the thinking that it could go even higher because most of the time, things just wouldn't go your way. dont ever regret although our coins still continue rising when we closed it. take another coins as portofolio which is potentially will give us more profits. some traders still feel regret when they closed early till finally decided buying again and got rekt when market suddenly change direction. take profits must be done when we got profits no matter that 50% and let the rest running.after all once you've taken your profit, even if the coin goes higher, you're still in profit, instead if the coin falls in value and you're still holding it, you're at loss, basically by taking your profit you're still winning in many scenario. Title: Re: How to take profits? Post by: VanDeinsberg12 on August 04, 2022, 10:41:21 PM just reinvest the initial investment and if you want to boost your investment that compound your investment by reinvesting all of them.
it's as easy as that if you don't wanna miss the chance of your coin having other rally. that way you could also further have more and more return in long term. Title: Re: How to take profits? Post by: Rengga Jati on August 04, 2022, 11:31:04 PM This includes in the investment strategy.
Each holder or investor commonly will have their pwn strategy in investment. One of them is about the target to reach. If you are a long term investor for sevwral years, you probably can take profits in the next bullish era. Some people may also sell the assets in some stages, not all in. At least, we have our capital trun back to us and leave the least for the profits. If I have 300 and has been turned into 500, I will probably at least sell them 50% but when the amount has been in 600, so I have got 300 for my capital turn back. And let the least to be another investment again, let it go high, and will sell them when the price reach higher again. And On the other hand, we may need to add the ampunt again when the price is dropping Title: Re: How to take profits? Post by: Rufsilf on August 04, 2022, 11:46:28 PM Actually, you can't make a profit by just holding but selling them above the buying price is a profitable strategy that everyone used to be.
Seeing your portfolio OP is growing almost x2 from your initial capital, that is already huge. The best thing you do is to sell half of it and reinvest when there is price corrections happen. Many people are doing this and I believe this is an effective strategy that certainly won't disappoint you. All you need is to take risks. Title: Re: How to take profits? Post by: RussianEnglishTranslation on August 05, 2022, 11:35:12 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. What I do is sell my POS rewards monthly into cash. I get about 10% staking MATIC and 20% staking ICP.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: justdimin on August 06, 2022, 11:14:01 AM Try to learn to be patient with this market and improve your knowledge with quality projects to find opportunities that can enhance returns with long-term investments. Don't just follow the trend or follow anything from someone and set your goals too high. I see greed in the investment process as the cause of missing out as well as continuing to make mistakes along the way to trading or holding crypto. And each of us, without a clear strategy for allocating assets as well as balancing profits and risks, will often suffer more failure than success. Patience is actually doing nothing and some people fail to do that for some reason and I have no idea why. I mean think about it, we are talking about just making sure that you do not end up with a loss, and all you have to do is not selling. I personally find it very easy to not sell and because of that I have made a lot of profit so far.I think if the price doubles from where, I will be in a giant enough profit that I would be able to finally afford a car and a license, which means that if anyone feels the same way, they could even start doing ubers on top of their current job and put all that extra profit into crypto all over again, or make that into a living. This is literally a lifeline, everyone should take it. Title: Re: How to take profits? Post by: tvplus006 on August 06, 2022, 12:55:39 PM ...I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Usually, profits are fixed when the price has reached resistance. It is at such values that it is recommended to fix a part of the profit, since the price may turn around from this value. But at the same time, the position is not completely fixed, but a part of it is left in case the price breaks through this resistance. Title: Re: How to take profits? Post by: Cling18 on August 06, 2022, 02:59:18 PM It actually depends on your target goal. If you're already contented with your profit then you don't have to reinvest again but if you want to take more profit, then reinvesting could be a good idea as well. You can reinvest including your profit or just your capital profit. It all depends on your purpose of investing. That's why it's advisable that you should set a target goal before you start your gambling journey.
Title: Re: How to take profits? Post by: Victorik on August 06, 2022, 05:24:58 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Like a friend will always say, the dev is never your friend, so always take profit. Personally, what I do is this: say I buy a coin for 20$ and it rises to 50$ for instance, I will first of all remove my capital and watch to see if it rises again, let say to 50$, I will take another 30$ and so on and so forth. Title: Re: How to take profits? Post by: virasisog on August 06, 2022, 05:34:21 PM Take profit when you know that a coin that you aren't good for long-term investment and reinvest your profit in potential top coins to maximize your gains in the future. I've been doing this for years and it's an effective strategy so far. You must know the potential of your coin. If it isn't good for a long-term investment then just take advantage of the coin. It's all about grabbing chances though.
Title: Re: How to take profits? Post by: isaac_clarke22 on August 06, 2022, 05:51:16 PM ~ Depends on the coin obviously. Some investors just waste their whole life and whole money in investing to coins with little to no utility at all and would be just purely for hypes and nothing else.If you would example invest to some legitimate coins like Bitcoin, I am sure that your "patience" is not going to waste. No way that I would pursue any other coins for now. Title: Re: How to take profits? Post by: Lordhermes on August 06, 2022, 06:47:56 PM Taking profit is one thing that we must learn.We must be able to make research on the coins that will do well in the nearest future,and know how to invest in them.For a start,it is not advisable to invest heavily in it because we are not yet sure whether the coins will dump or the coins will rise,but if the coins should rise,we must know how to take the profit,and it doing that,we must follow time and be very smart on that.We know how it is,that the market is not steady,so we must be very smart in taking our profit.
Title: Re: How to take profits? Post by: uneng on August 06, 2022, 06:56:56 PM If you are too afraid of losing money you should cashout initial investment and keep growing the profit generated by it. But if you don't bother risking your initial funds, and have the long term as your goal you can keep the investment intact to maximize potential returns.
Or you can even cashout initial investment to start a new one with another asset. This way you hold different assets while not compromising extra money from your pocket. Just make sure to pick the right investments which have promising ROI chances for the future. Avoid the hyped ones. Title: Re: How to take profits? Post by: Eureka_07 on August 06, 2022, 07:09:56 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. There's always this quote, "Take profit when you're happy". I know you are aware of that. I mentioned it to make you consider having this option for your trades. Me personally now will go most of the time in taking profit and also most of the profit will be reinvested if I do not need to expend it. If you took a profit and the token suddenly went up much more, maybe you should just move on. Or if you're trading futures, you know what to do next.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: BIT-BENDER on August 06, 2022, 08:01:15 PM First congratulations on your return on investment, I don’t know if it’s safe to say you invested wisely because I have seen lots of Crypto-coins gone up to make profits for investors and later fell down and completely lost value. But if safety is a thing to you then it is no shame taking out your investment and leaving you profits in there but if you are die hard and you must have done your research enough to be confident in what you holding then you can leave it for longer who know if the bull run is closer now.
Title: Re: How to take profits? Post by: serjent05 on August 06, 2022, 08:16:37 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Don't be too greedy, often times greed will make us lose everything. Just set up a selling price, sell them when the market price hits your selling price, then wait for the market to crash or enter bearish sentiment and buy again. This works for cryptocurrency that has a solid foundation and not for those cryptocurrencies that are destined to be worthless after a massive pump. Title: Re: How to take profits? Post by: stomachgrowls on August 06, 2022, 08:32:34 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. You can actually do such thing and it would really be depending on you whether you would take profits or not in a short span of time some might be that preferring on catching and securing profits Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. in a short span of time and some would really be just planning on doing it for long term. We do have different plans and goal in mind thats why it would really be depending on someones approach whether they would accumulate on a gradual manner out of profits made in short term and secure their capital or simply wont be minding about it and would hold for long term instead. Take profits if you do see that it would really be that relevant or good or hold for long term depends on what you do like with your investment. Title: Re: How to take profits? Post by: Silberman on August 07, 2022, 02:16:56 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Don't be too greedy, often times greed will make us lose everything. Just set up a selling price, sell them when the market price hits your selling price, then wait for the market to crash or enter bearish sentiment and buy again. This works for cryptocurrency that has a solid foundation and not for those cryptocurrencies that are destined to be worthless after a massive pump. Title: Re: How to take profits? Post by: LittleBitFunny on August 07, 2022, 03:01:07 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Keep in mind that you are here to make money, to make a profit, so you better sell as soon as you start making a profit, set yourself specific targets so you don't lose sight of what you have. Greed is the biggest enemy that causes most traders to lose, just because they expect a little more profit than all previous profits when the price reverses unexpectedly. Title: Re: How to take profits? Post by: posi on August 07, 2022, 03:31:34 AM It's always better to take out the principal amount but If you feel your coin can perform better then you should hold for some more time then you should withdraw 50% and keep 50% for further profit otherwise you can set a target for your coin if achieved satisfy yourself with the profit and do not greed for more. If you are afraid you will lose your profit then you should book the profit and close your position and wait for the Dip if you trust the coin you hold. The market gives us several chances to buy and sell. It depends on the coin you are holding, if it is a potential coin and you are confident that it still has room for growth, pursue until you reach your set profit. If you are not sure about the future of the coin you are holding, then you are better off selling it at a profit of x2, which is not a small profit. The market still has many opportunities so we still have many opportunities to make money, so we should not be too greedy to lose bigger opportunities in the future. Title: Re: How to take profits? Post by: Ararbermas on August 07, 2022, 04:04:42 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. well IMO much better to take out your initial investment and get some on your profits as well so that you don't need to worry if however the market fluctuate or the growth rate of your investment plunges without knowing, wherein at least even no matter what happen your in a safe place.just to good to be true.. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: onecall123 on August 07, 2022, 05:33:10 AM You should definitely pocket your initial investment, or reinvest if you have done your research. There are lots of promising cryptocurrencies out there, which have a lot more chance of success. Cheap is appealing, but don't buy in at a low price. Ensure that it makes sense. A bear market is a time to buy; a bull market is a time to sell! Opportunities are always out there, and it is up to you how you act to take advantage of them or lose them. Make sure you give some CUDOS as well.
Title: Re: How to take profits? Post by: raidarksword on August 07, 2022, 05:49:33 AM If you are in crypto industry, you must take profit no matter what because in the first place you are here to make money. So, that's why taking profit is not bad at all which means everyone are taking profits when they're in gain. Remember that crypto has its own cycle like the market we have right now, it's a bear seasons which means as well its time for buying. And when market is recovering then you will have your profits coming.
Title: Re: How to take profits? Post by: bounceback on August 07, 2022, 08:04:33 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. If it's for me then I will take 50% of the profit I have earned and the rest I will put in another coin that already has strong fundamentals and has the potential to give me a return, maybe this is not a good way to invest but so far I have Familiar with this method, in investing each individual certainly has their own strategy to apply, so you should apply a strategy that you think is comfortable for investing because only you are responsible for your funds.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: Shasha80 on August 07, 2022, 08:31:42 AM If you are in crypto industry, you must take profit no matter what because in the first place you are here to make money. So, that's why taking profit is not bad at all which means everyone are taking profits when they're in gain. Remember that crypto has its own cycle like the market we have right now, it's a bear seasons which means as well its time for buying. And when market is recovering then you will have your profits coming. Actually, depending on the strategy we use or the coins we choose for investment, but it is indeed a good advice every time the coins we buy go up in price, we must immediately take profit. So we do not lose the opportunity to make a profit, sometimes because we are too greedy then the opportunity to get a profit is lost. But for top coins like Bitcoin and Ethereum we can hold for the long term and can generate profits. It's different for the majority of coins, it's better to take profit after the price goes up and we make a profit. Because the majority of coins circulating today are shitcoins, so for shitcoins it is good only for short-term investments. If we take profit, it is better if the profit we make is stored in stablecoins or we can also withdraw it into fiat. So we can reinvest with our initial capital. Title: Re: How to take profits? Post by: Minecache on August 07, 2022, 09:00:59 AM With the current state of the market, of course, we must be able to take advantage of the situation, if we have invested and we have obtained profits, then don't wait long because the market can recede again in a short time and take advantage of these profits then we return to invest in other coins that can indeed promise to be able to regain profits, but if you want to maintain on potential coins then it takes a long time to be able to get maximum results. This time is not easy to profit so you should take profit because things can go downhill very quickly. If it is a good coin, we should take profits and wait for the market to correct we can buy it back to continue holding for a long time. In OP's case, I will take full profit because 200$ profit from 300$ amount is relatively high profit, I will cash out all my money and will wait for that coin to drop significantly to buy it back. Title: Re: How to take profits? Post by: monineklutak on August 07, 2022, 09:14:08 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. If it's for me then I will take 50% of the profit I have earned and the rest I will put in another coin that already has strong fundamentals and has the potential to give me a return, maybe this is not a good way to invest but so far I have Familiar with this method, in investing each individual certainly has their own strategy to apply, so you should apply a strategy that you think is comfortable for investing because only you are responsible for your funds.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. actually we do not need to force to imitate the strategies or methods of others, because we don't know what the risk is and it's not impossible that it actually makes a loss Title: Re: How to take profits? Post by: KingsDen on August 07, 2022, 09:22:56 AM Actually this is very easy, if you are satisfied with these benefits, take all the profits and invest again to get other benefits. 300 Euros to 500 Euros of course you have got a profit of 200 Euros. You don't complicate things when they are actually easy. Everyone has a different point of view on how to take advantage, of course you have to get these benefits and don't let them lose. https://i.postimg.cc/PqdcKsJ4/takeprofit.jpg The image above is saying about the timing on where to set take profit and stop loss but Op is saying he got profits already, whether it is advisable to keep holding or to take profit. Or to keep profit and take capital. My answer to Op is that what he needs to do is very clear. Did he want to hold for long? If yes, he should hold the right coins and not bother. Is he day trading or holding for shot time? If yes, he is already in massive profits, he should either take profit or capital. Title: Re: How to take profits? Post by: Fredomago on August 07, 2022, 09:32:23 AM If you are in crypto industry, you must take profit no matter what because in the first place you are here to make money. So, that's why taking profit is not bad at all which means everyone are taking profits when they're in gain. Remember that crypto has its own cycle like the market we have right now, it's a bear seasons which means as well its time for buying. And when market is recovering then you will have your profits coming. Actually, depending on the strategy we use or the coins we choose for investment, but it is indeed a good advice every time the coins we buy go up in price, we must immediately take profit. So we do not lose the opportunity to make a profit, sometimes because we are too greedy then the opportunity to get a profit is lost. But for top coins like Bitcoin and Ethereum we can hold for the long term and can generate profits. It's different for the majority of coins, it's better to take profit after the price goes up and we make a profit. Because the majority of coins circulating today are shitcoins, so for shitcoins it is good only for short-term investments. If we take profit, it is better if the profit we make is stored in stablecoins or we can also withdraw it into fiat. So we can reinvest with our initial capital. Majority are shit coins and for sure if you will not take your cut during the peak you will lose the opportunities to earn, it's wise to ride with the fame and forget about holding, though sometimes there are coins that have long pumped but still you need to sort it out and try to take advantage if opportunities open, you should think wiser and not to fall with any alluring offer coming from new projects, taking small gain compared to huge promises? Best to be practical. Title: Re: How to take profits? Post by: KaliLinux on August 07, 2022, 10:34:29 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. I am mostly a HODLer like you so I don't worry about the profits along the way until I am sure that the market is around another ATH and I will take all the profits in there meaning I must have taken my Initial Investment and some profits too, and don't forget you must have invested in the right profits for this else some projects might not survive the long HODL. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: erep on August 07, 2022, 11:03:14 AM I am mostly a HODLer like you so I don't worry about the profits along the way until I am sure that the market is around another ATH and I will take all the profits in there meaning I must have taken my Initial Investment and some profits too, and don't forget you must have invested in the right profits for this else some projects might not survive the long HODL. If you are targeting achievement around other ATH then you must be wise to invest in top coins, if you choose the wrong coin for long term holder then there is no guarantee that the coin will enter the list of highest recovery during bullrun, holding category should stay on top coin for portfolio planning long term and you should avoid hype coin investing.Title: Re: How to take profits? Post by: Tessyb on August 07, 2022, 11:52:51 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. In my opinion, taking profits implies that you take something out periodically as profit comes. As you said, in a circumstance when the invested sum is 300$ and the profit is 200$, it may be wise to take 100$ out and reinvest the 400$. I feel its good to keep your capital as well as a portion of the profit to help you grow your capital for higher profits. Title: Re: How to take profits? Post by: Xal0lex on August 07, 2022, 01:00:38 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. I have read a lot of advice on this subject, and I liked the advice that when you invest in a certain project, it is advisable to take your initial investments from there. This way you will have diversification of your portfolio, your money will be constantly in circulation, and those projects that you bought earlier will develop your portfolio solely on the profit received, not on the initial investment. Thus, you will have a constant circulation of free funds and it will help to make a profitable deal if it suddenly appears, such as the purchase of some project at a good price. Title: Re: How to take profits? Post by: kasunrandil on August 07, 2022, 01:50:49 PM i'm also an crypto investor . so i dont care about market condition bull or bear. taking profit is a most essential part in the trading world. as investors we must have a purpose in anothet words we must have a profit taking plan ofcourse. i usually take profit when my investmet gave me a 100% profit at the time. taking profit by 20%.
ex : investment $500 - profit 100% then whole investment has become $1000 then take profits of $200 thats my profit taing plan. Title: Re: How to take profits? Post by: tygeade on August 08, 2022, 05:55:25 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. I am mostly a HODLer like you so I don't worry about the profits along the way until I am sure that the market is around another ATH and I will take all the profits in there meaning I must have taken my Initial Investment and some profits too, and don't forget you must have invested in the right profits for this else some projects might not survive the long HODL. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. My peak was around 9x profit, and I still didn't take most of it out, took maybe like 20% or so out to pay off debts because it allowed me to invest more, and I invested more dollars right now thanks to this, and bought cheaper as well so I basically have more bitcoins thanks to that move, because if I sold, I would have a lot of money that's true, and would have bought back now, but no guarantee about that, but paying off debt means same amount could go into bitcoin instead. Title: Re: How to take profits? Post by: Gayong88 on August 08, 2022, 06:11:00 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? Generally, the end of an investment is always hoping that a small investment can turn into something much bigger in the future. Of course, each one has a different pattern. Personally I don't touch it. When I buy crypto at a low price as much as possible to hold it for as long as possible, and except for some exceptional circumstances, I don't try to take profit at any given moment. The reason is because the longer I last, the more money I can potentially make. Title: Re: How to take profits? Post by: danherbias07 on August 08, 2022, 06:14:47 AM Have the courage to take the first step to different dimensions like trading it.
If you really have the skills to make profits then it will happen. Before, I was the same as you, scared to try and sell but when I tried to do it the first time it becomes easier at the next one. First, learn the basics of trading and set a plan if you are going for a short-term or long-term type of selling. Go for lesser value coins for testing it out or a simulation which is offered in most exchanges. Title: Re: How to take profits? Post by: landheer on August 08, 2022, 08:39:40 AM Maybe everyone's opinion is different because everyone has their own way. if in my opinion if we invest with a capital of 300 euros and profit becomes 500 euros. I think just take the 200 euro profit and the rest to reinvest. because according to my experience if you can enjoy the results of trading it is very fun and makes the mind more comfortable and excited again to invest.
Title: Re: How to take profits? Post by: xSkylarx on August 08, 2022, 11:12:08 AM Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. It really depends on your contentment about when you are going to take profit from your investment. There are people that secure their investment first then let the remaining amount to be the profit. There are people that sets a target price and won't sell until it hits it. The important thing is don't be greedy on your target profits that you end up holding it forever becuase it is unrealistic. Learn to not regret selling even if the price still goes up after you sold. Market have two cycles so you will definitely have the chance again to buy at low price. Title: Re: How to take profits? Post by: SistaFista on August 09, 2022, 01:52:40 AM Always take our profit when we able to do it because we will never know the future.
We need to restrain our self from greed. Greedy will lead us to loss because we reinvest our profit too much. For example if your $300 become $500, take $400 as initial capital+profit and $100 to reinvest. Title: Re: How to take profits? Post by: $anounimus$ on August 09, 2022, 04:42:53 AM Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? In short, it depends on your investment and time. Your initial investment is more like a loan. You are investing in something that has no immediate return potential and you may not get it back for some time. However, if it works, you will be in tip-top shape and have a surplus of free cash when the time comes to make a profit. On the other hand, if you reinvest your profits right away, you will have a larger amount of free cash but at a later time. Title: Re: How to take profits? Post by: mumang siat on August 09, 2022, 05:18:37 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. What is the basic investment that you actually expect, isn't that investment only for profit, I prefer to enter the market with the power of the coins I have, so at some point I can get out of the market chaos. I mean this way, if the initial investment can provide a profit, then convert half of the profit to start reinvesting.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. So there are two advantages that we get and the investment that we make continues to run. Title: Re: How to take profits? Post by: Lubang Bawah on August 09, 2022, 06:36:55 AM The market will always be fluctuating and many things we can do for profit, and I think the easiest thing for profit is daily trading, especially if we dare to trade in new listed coins so that opportunities for big profits are easier to achieve.
Title: Re: How to take profits? Post by: Miaallen on August 09, 2022, 10:48:40 AM Taking profits when you think they're worthy is the best way to survive in the Cryptocurrency world. In a situation where you invest in a newly launched projects and eventually made about 4 to 6x profits, it will be wise to take out half and leaving the remaining half for a long term holding if you think the project worths it.
Title: Re: How to take profits? Post by: carlisle1 on August 09, 2022, 11:32:15 AM Always take our profit when we able to do it because we will never know the future. We need to restrain our self from greed. Greedy will lead us to loss because we reinvest our profit too much. For example if your $300 become $500, take $400 as initial capital+profit and $100 to reinvest. A good example of making money from your investment, though there are too many influences that creates greed inside a person's mind. Money manipulate our decision making, miscalculating and trying to get more most of the time lead us to lose our opportunities, and worse, it also lead us to lose our initial investment. Never to aim too much if you don't know what you are doing, better to get a little than trying to make a big one and risk everything you have. Title: Re: How to take profits? Post by: kojektea on August 09, 2022, 11:37:41 AM it depends on how you invest, both are equally profitable it's just that there are people who prefer to get a little profit but fast or those who get a lot of profit in a long time. The best way is the way that you think is easier.
Title: Re: How to take profits? Post by: TribalBob on August 09, 2022, 12:25:16 PM I personally definitely secure initial capital from high prices and try not to be greedy so that profits don't go away, unless you have an initial profit target of commitment in the investment,
but the commitment of people is different and the perspective is also different, it all goes back to each individual in making decisions about when to enter and leave Title: Re: How to take profits? Post by: Pterosaur on August 09, 2022, 12:31:59 PM In this type of market it makes no sense to take profit because market have suffer huge losses or highly volatility since months ago now, this is accumulation time not taking profit because you might no see another buying opportunity again that's why.
Title: Re: How to take profits? Post by: Ketesnuko on August 09, 2022, 01:00:56 PM Assuming I bought a coin for 0.56$ and it surges to 1$ I will take a profit and wait for any dips, it might not come in a day or days but it will eventually happen, the patience of waiting is what many don't have.
Title: Re: How to take profits? Post by: Silberman on August 10, 2022, 05:57:07 AM It's always better to take out the principal amount but If you feel your coin can perform better then you should hold for some more time then you should withdraw 50% and keep 50% for further profit otherwise you can set a target for your coin if achieved satisfy yourself with the profit and do not greed for more. If you are afraid you will lose your profit then you should book the profit and close your position and wait for the Dip if you trust the coin you hold. The market gives us several chances to buy and sell. If the coin in which you invested has already go up enough that you can easily recover the principal then it is a good idea to sell enough of the coin to recover that money, that way you are literally trading with free money, even if the coin crashed all the way to zero and you did not had the time to sell it you will not lose any money, however if the coin keeps skyrocketing then you will still obtain fantastic profits while incurring no risk in the process.Title: Re: How to take profits? Post by: cloudfir3e on August 10, 2022, 06:25:31 AM depending on how you want to take advantage of it.
If you invest long-term, you have the advantage of passively and definitely profiting within a certain period of time through dividends and preparing future savings, for example for children's education and as a pension fund in old age, especially for private workers who do not get a pension. Long-term investment can also avoid high risk. In contrast to trading which has consistent and fast profits, it does not require a long time, the costs are relatively cheap and can be started with small capital. Trading can also provide multiple benefits if it is done with the right and right strategy. Title: Re: How to take profits? Post by: tvplus006 on August 10, 2022, 01:18:19 PM Assuming I bought a coin for 0.56$ and it surges to 1$ I will take a profit and wait for any dips, it might not come in a day or days but it will eventually happen, the patience of waiting is what many don't have. It is advisable to sell the coin when it has reached resistance and there is a real chance of a rebound from this level. In this case, you will be able to re-open the order by buying a coin at a reduced price. But if you are satisfied with the profit, then you can close this order without waiting for resistance. Title: Re: How to take profits? Post by: vanesha on August 10, 2022, 01:30:46 PM it would be better to take the initial investment in my opinion because by taking the initial investment we will not risk losing in the next trade. but if we are a little reckless, we may not take all of the initial investment so that our investment increases and the profit in the next trade will also be even greater.
Title: Re: How to take profits? Post by: tygeade on August 10, 2022, 05:53:52 PM The market will always be fluctuating and many things we can do for profit, and I think the easiest thing for profit is daily trading, especially if we dare to trade in new listed coins so that opportunities for big profits are easier to achieve. Daily trading is definitely not an easy way to make money. It takes time and patience to learn how to do that, sure if you are a big veteran eventually you will be able to make a good profit out of it, but that doesn't change the fact that we wouldn't be a veteran trader right away, it will take years of being great and even making a big loss time to time in order to learn from our mistakes and become better.This is why nobody should be aiming at trading daily as an "easy" way. Easiest way to make a profit would be making sure that you end up with a long term investment, buy and hold it for many years and you will have to do nothing at all to make a profit. Title: Re: How to take profits? Post by: |MINER| on August 10, 2022, 07:44:13 PM ~snip~. If you ask me to this question then I will say that yes you should take the profit. Because many time it happened to me that I reinvestment that profit and faces manu loss. And a man also have needs and if you are a professional trader then I think you will take those profit . Even then if the money is lazy then you can invest again with proper dca and can get more profit.Title: Re: How to take profits? Post by: Detritus on August 10, 2022, 08:52:53 PM It is important to make a solid research about any project before investing in their token/coin. If invested in a good project, my surgestion is to set a target at which you wish to take profit from your investment (ROI) or opt out from the investment. For example, around 2018 in the month of July I bought 13.5 BNB for $13 each, set a target to sell for $30 each but waited through out the year and the price even fell to $5 each, but I waited patiently. Around June 2019 I saw some potential growth and was lucky to sell all my BNB for $35 each (set target of price I wanted to sell).
2021 around August I bought 1 BNB for $400 hoping I could sell it for $1000 if the price could possibly hit my target price before December 2021 but It did not. I would have sold for $615 but did not so am still holding. https://imgur.com/a/GngQo1q In crypto investment: .Taking profit is a personal decision. For me, I don't take profit until I see that my target price is meet. . I take profit most times when am not so sure about the project. . I have lost 80% of my investment in some token for trying to reach target but I just got to understand that is not every investment that is profitable. If you have made £200 ROI from your £300 investment, it's also wise to take out your profit. Title: Re: How to take profits? Post by: Ahli38 on August 11, 2022, 04:38:16 AM Of course, there are many considerations and analysis that must be done before taking profit. and if the situation still looks potentially profitable or clearly visible there will still be a spike in price increases or the hype has not yet reached its peak. then I would prefer to take my capital first and let my profits to grow to be more. and before the hype peaks I'll take it all. and will be patient waiting for the moment to decline and waiting to buy back from the lows.
sometimes greed prevents us from taking profit because we expect more profits. although all of that is not certain. and that's where many people who originally made profits were thrown back into losses due to waiting too long and hoping to get more profits. without proper analysis. The point is that when our actions are based on feelings and impulses of greed then that is not a good thing. and quickly stop. but if our actions are based on analysis and logical and calm thoughts then that's a good thing and do it. Title: Re: How to take profits? Post by: Tony116 on August 11, 2022, 04:56:07 AM The point is that when our actions are based on feelings and impulses of greed then that is not a good thing. and quickly stop. but if our actions are based on analysis and logical and calm thoughts then that's a good thing and do it. This is called always having our investment plan and goals, not being able to invest according to our emotions, that will cause us to lose more than make a profit. Once you set a goal based on analysis, we should stick to it and once we have achieved the goal, we should not hesitate anymore, always stick to the goal set. Investment planning will never let you down, as long as you do it right, you will achieve the expected success. Title: Re: How to take profits? Post by: lienfaye on August 11, 2022, 05:03:35 AM Taking profit or getting your initial investment are not bad and its a wise thing to do to make sure that you're out in a risky stage that you might lose your capital if something worse happen. But this still depends for each of us since we have different goal or set target price before selling. So ask yourself on what could be the most beneficial for you. Is it to take profit, get the capital then buy again during dip or wait longer especially if the coins you're holding has potential.
In my case I take profit at times. But I learned from my past experience so even I take profit, I make sure to leave some so incase bullrun occur I still have coins to rely on. Title: Re: How to take profits? Post by: Jody.Drummer on August 11, 2022, 05:53:00 AM To take profit that I do right now is to use stabilizes coins for staking, in my opinion with stabilizing stable coins safer and the coins that we earnings from staking can be held or immediately sell to avoid bad things, in addition to staking I also like to add liquidity, We analyze coins that have a large transaction volume so we can earning more leverage. For now, this can be a pretty good option but when you look at the current market growth it looks like you have to be prepared to change your strategy because now they are moving towards a greener direction.Although stablecoins are pretty good but I'm only using this for a while until the market downturn is over. Title: Re: How to take profits? Post by: Sanitough on August 11, 2022, 06:37:51 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Either of the two. It's all up to you how you're going to expand that money of yours and both options are good if you want to invest in another crypto.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. There's really no magic on it although you are getting additional risk as for getting new crypto to invest that's the ideal one because that is what the majority does. Just do what you think is right and the experience will tell you if did it wrong or right. Title: Re: How to take profits? Post by: Fara Chan on August 11, 2022, 07:08:32 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. You should take profits and then reinvest with the initial capital, because in the future the coin may not strengthen, so the potential loss is not too large, but if you like long-term investments, you might start the investment again, but it is better to convert it with another coin more potential, so you have a chance if one does not strengthen.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Everyone I know, they invest more than one coin? Title: Re: How to take profits? Post by: Lambe Ndumble on August 11, 2022, 10:52:14 AM If we have enough time, we have to be brave to try for daily trading, the market is always fluctuating, if today it rises more than 10% then the possibility of tomorrow or the day after tomorrow will dump, if it is profitable at least 15% then I suggest to sell immediately, but if we are Focus for the long term then whatever happens then don't panic.
Title: Re: How to take profits? Post by: panjay on August 11, 2022, 03:28:28 PM Meh taking profit is taking a profit. Just make sure you want to cash out and don't have a lingering feeling about a "what if I hold it longer" moment. The best indicator for me to take profit was always when I started to calculate my profit if it goes to another x. That phase is always a good indicator to take the money off the table. Title: Re: How to take profits? Post by: BitKongy on August 11, 2022, 05:00:40 PM It is important to make a solid research about any project before investing in their token/coin. If invested in a good project, my surgestion is to set a target at which you wish to take profit from your investment (ROI) or opt out from the investment. For example, around 2018 in the month of July I bought 13.5 BNB for $13 each, set a target to sell for $30 each but waited through out the year and the price even fell to $5 each, but I waited patiently. Around June 2019 I saw some potential growth and was lucky to sell all my BNB for $35 each (set target of price I wanted to sell). I can see where the error came from, you sold too early probably because you invested for short-term gains, imagine holding your bnb @13$ and selling at 400$/each, that's what a holding looks like, the best way to place your target is using BTC halving, that's always when money comes into the market. 2021 around August I bought 1 BNB for $400 hoping I could sell it for $1000 if the price could possibly hit my target price before December 2021 but It did not. I would have sold for $615 but did not so am still holding. https://imgur.com/a/GngQo1q In crypto investment: .Tasking profit is a personal decision. For me, I don't take profit until I see that my target price is meet. . I take profit most times when am not so sure about the project. . I have lost 80% of my investment in some token for trying to reach target but I just got to understand that is not every investment that is profitable. If you have made £200 ROI from your £300 investment, it's also wise to take out your profit. Title: Re: How to take profits? Post by: Fredomago on August 11, 2022, 05:43:08 PM Meh taking profit is taking a profit. Just make sure you want to cash out and don't have a lingering feeling about a "what if I hold it longer" moment. The best indicator for me to take profit was always when I started to calculate my profit if it goes to another x. That phase is always a good indicator to take the money off the table. Whatever the amount, profits still a profit as long as you gain and you are okay with the money that you take, never hold back as it can backfire on you when you feel greed and instead of selling you keep the coin and dump take place. It would be another problem once you sell your asset in the wrong time. Selling it at a loss instead of getting something decent from the amount that you initially invested. It's your own take though, and we do have differences in terms of setting our targets. Title: Re: How to take profits? Post by: Mame89 on August 11, 2022, 05:57:36 PM each investor must have a different nature in terms of taking profits. and what to do with these advantages or choose to buy coins that have great potential. for me to take profits, I have to do that money can be processed again or money that works in terms. Staking, deposits or the results of these profits can be done to buy other coins for the long term. there are many more for us to manage using it. or enjoy the fruits of labor
Title: Re: How to take profits? Post by: Anonymous100 on August 11, 2022, 07:51:22 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Taking a low profit is better than ignoring the existing profit. Because with these profits, you can invest in the next opportunity. If with Euro 300 you can get 0.163 ETH, then Euro 500 can earn 0.272 ETH. So in my opinion, taking advantage of any amount is the best solution than ignoring it. Title: Re: How to take profits? Post by: Yatsan on August 11, 2022, 09:39:28 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Taking a low profit is better than ignoring the existing profit. Because with these profits, you can invest in the next opportunity. If with Euro 300 you can get 0.163 ETH, then Euro 500 can earn 0.272 ETH. So in my opinion, taking advantage of any amount is the best solution than ignoring it. Title: Re: How to take profits? Post by: Silberman on August 13, 2022, 03:42:59 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Taking a low profit is better than ignoring the existing profit. Because with these profits, you can invest in the next opportunity. If with Euro 300 you can get 0.163 ETH, then Euro 500 can earn 0.272 ETH. So in my opinion, taking advantage of any amount is the best solution than ignoring it. Title: Re: How to take profits? Post by: tygeade on August 15, 2022, 05:42:20 PM You should take profits and then reinvest with the initial capital, because in the future the coin may not strengthen, so the potential loss is not too large, but if you like long-term investments, you might start the investment again, but it is better to convert it with another coin more potential, so you have a chance if one does not strengthen. I do agree with this. I have done something similar like this before and the idea was that I would invest, take out my initial capital and reinvest that to something else. Which means that eventually I would have my money back, and investment into plenty of projects. It worked until a point, I had 11 coins/tokens that I invested into without a single payment out of pocket, I would double my investment and take out my initial capital, that way I would leave with my initial investment amount in there without any money because I took my money out.Everyone I know, they invest more than one coin? I eventually reached to a point where it was bear market and I lost it on the last one, and everything else dropped too, so all my investments totals became my initial capital, but I believe in the future when bull comes, it will be awesome again. Title: Re: How to take profits? Post by: Iranus on August 15, 2022, 06:04:25 PM I eventually reached to a point where it was bear market and I lost it on the last one, and everything else dropped too, so all my investments totals became my initial capital, but I believe in the future when bull comes, it will be awesome again. Taking profits is the right thing to do, because we won't know what the final top of that coin will be. Should take partial profit and if it is a potential coin, wait for it to correct, we can reinvest with it or also choose another potential coin. This is a smart investment for those who do not have a lot of initial capital and we can multiply the capital if we persist in applying this method. Title: Re: How to take profits? Post by: freedomgo on August 15, 2022, 08:20:45 PM If you feel and believe the market is going up but want a safe investment. Well, everyone has its own individual's choice. If you want to secure your money especially that crypto investment is very risky and is very uncertain, then always take out your initial capital as long as you have seen that there is growing profits already. If your investment will move smoothly, then your profits are already enough to gain additional profits. At least whenever the price drops drastically, you don't have to worry that much.Then, taking initial investment and keep the profit on your coins is a good way. In-case some shit happens and you miss prediction, then you're only losing estimation profit not your money. Most mistake people is not taking the initial investment, and keep holding while they don't know anything about the market it self. Ended with loses ~XD Especially while you're trading with shittoken/meme. The volatility is really high, you need to secure initial investment first. Title: Re: How to take profits? Post by: capedbaldy on August 15, 2022, 09:24:05 PM Well, everyone has its own individual's choice. If you want to secure your money especially that crypto investment is very risky and is very uncertain, then always take out your initial capital as long as you have seen that there is growing profits already. If your investment will move smoothly, then your profits are already enough to gain additional profits. At least whenever the price drops drastically, you don't have to worry that much. We can use the above strategy when the market shows indications of market growth but you should invest in top coins instead of following the hype of coins that are being increased in popularity by big investors. But you are advised to take profit when the coin price increases because the behavior of many investors is not ready to accept losses when the market resistance occurs causing the coin price to decline.Title: Re: How to take profits? Post by: rhodelmabanal on August 16, 2022, 01:34:04 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. We have different strategy with regards to investment, for me i will always get the profit big or small but most of the investors wanted to get profit when its already big, for the small investor like me it is risky to wait for the big profit specially when it comes to crypto because crypto price is always moving and hard to predict so it needs a proper analysis and understanding.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Title: Re: How to take profits? Post by: Jatiluhung on August 16, 2022, 02:45:40 AM when i get profit then i think to take it all. capital and profit. and back in line to buy at a lower price. because the market doesn't always go up and doesn't always go down. so that's how i profit in my trade. some time ago I had a different view by setting aside profits not to be taken. but I now prefer to take them all when I have made a profit.
Title: Re: How to take profits? Post by: minairia3 on August 16, 2022, 03:04:17 AM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. You should take profits and then reinvest with the initial capital, because in the future the coin may not strengthen, so the potential loss is not too large, but if you like long-term investments, you might start the investment again, but it is better to convert it with another coin more potential, so you have a chance if one does not strengthen.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Everyone I know, they invest more than one coin? I agree with you, if there is a profit to be made, it is best to take the profit and wait to buy when the price corrects. The market is very unpredictable so you should know how to stop at the right time, not be too greedy, to survive in the market. If it is a potential coin then watch closely to buy back at a lower price, if it is a junk token then you should ignore it and invest that part of the profits in a top coin to ensure safety. Title: Re: How to take profits? Post by: maartenhaha on August 16, 2022, 04:31:13 AM I will sell the coin when the price goes up, usually if the coin price goes up, the coin will go down again when the coin goes down so I buy it back. usually i do like this to get profit in coin investment.
Title: Re: How to take profits? Post by: BobK71 on August 16, 2022, 06:27:07 AM It depends on your strategy. If you feel you want to withdraw your invested money and continue to reinvest with profits you can do that. If you think that you will only withdraw the profit, you can also do that. Many people think return on investment is better. In this regard i think it is better to consider your withdrawal by looking at the nature of the market movement.
Title: Re: How to take profits? Post by: Dr.Osh on August 16, 2022, 08:03:36 AM It depends on your strategy. If you feel you want to withdraw your invested money and continue to reinvest with profits you can do that. If you think that you will only withdraw the profit, you can also do that. Many people think return on investment is better. In this regard i think it is better to consider your withdrawal by looking at the nature of the market movement. Yes, this is actually the best way. however, I myself am currently still using the first strategy, which is to take the capital I have, and use the profits to invest in various places. this allows me to avoid risk, and will only lose profits if the investment fails. however, when the investment is successful, then I can expand it again.some people also use the latter, with a considerable risk of using their capital and taking the profits. this is quite risky because when your profit is smaller than the capital you use, then the risk is still there. however, find your own way that is comfortable for you to use. Title: Re: How to take profits? Post by: MarjorieZimmermanGinger on August 16, 2022, 08:50:07 AM There are many ways to take some of the profits we have earned from the investments we have made.
first you can withdraw a profit of 300 euros from the initial capital, here you have earned a profit of 200 euros according to the assumptions you provided, so that 200 euros is a net profit from your investment. Secondly, you can reinvest 300 euros of capital, or you can scale your withdrawals, from 20-30% onwards. A case like yours is not so difficult, because you have already made a profit from the authorized capital? Title: Re: How to take profits? Post by: Fredomago on August 16, 2022, 10:43:12 AM It depends on your strategy. If you feel you want to withdraw your invested money and continue to reinvest with profits you can do that. If you think that you will only withdraw the profit, you can also do that. Many people think return on investment is better. In this regard i think it is better to consider your withdrawal by looking at the nature of the market movement. Yes, this is actually the best way. however, I myself am currently still using the first strategy, which is to take the capital I have, and use the profits to invest in various places. this allows me to avoid risk, and will only lose profits if the investment fails. however, when the investment is successful, then I can expand it again.some people also use the latter, with a considerable risk of using their capital and taking the profits. this is quite risky because when your profit is smaller than the capital you use, then the risk is still there. however, find your own way that is comfortable for you to use. Absolutely! find the best way that fits t your characteristic, if you are good in taking a big risk you can move and collect the profits and let the main capital to roll again, while if you are a conservative type you can withdraw the main capital and start with the profits that you gain, after that you just need to wait if you will compensate more and if the project will continue to pump. It's an idea that will let you bring something out of your investment, something that you can enhance further.. Title: Re: How to take profits? Post by: dlightag on August 16, 2022, 06:46:55 PM Taking profit is the one of the major thing to know, in cryptocurrency trading or investment to enable the investor to remain on board to keep investing and trading while having target profit to in trading or investment.
Title: Re: How to take profits? Post by: First Registration on August 16, 2022, 07:29:22 PM As you say. It is true that a good trader always gets profit. The reason is that no matter what he does, he thinks a lot. And it is natural that the market will always be good or bad. So if you trade then never do it on a coin or token. Then you can expect profit.
Title: Re: How to take profits? Post by: tbterryboy on August 20, 2022, 02:10:22 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. I think the situation depends. If you are a long term hodler then a 200 euro profit will look small to you so you wouldn't touch it but you need to aim for a better return. Those downs that you saw are only temporary so that shouldn't scare you but in order to prevent it, you can stay offline for a while and only come back after a long time.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. If you are short or mid term investor then I think it's not bad to take that 200 euro or you can also take out your 300 euro starting capital so that you will not risk anything and in case the outcome is a loss, you won't feel bad but if the outcome is positive like the 200 euro became 500 again, you can repeat the same process, by taking out the 300 euro profit. Title: Re: How to take profits? Post by: Subbir on August 20, 2022, 02:23:16 PM If you have a good understanding of the market, it is possible to earn good profits by trading before trading you must have an idea of the market conditions and the correct currencies. Also I think long term investment can give good returns no matter where the market goes hold on to the right coins and get good profits.
Title: Re: How to take profits? Post by: carlisle1 on August 20, 2022, 02:31:54 PM As you say. It is true that a good trader always gets profit. The reason is that no matter what he does, he thinks a lot. And it is natural that the market will always be good or bad. So if you trade then never do it on a coin or token. Then you can expect profit. Good trader always look for a good asset to work with, both long and short period good traders will manage to compensate and enjoy the outcome of his investment. Nothing new to experienced traders, they will keep their eyes open and will work with every potential coin to invest and try to make decent amount of benefits. Title: Re: How to take profits? Post by: Ayers on August 20, 2022, 03:26:42 PM I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits. I think the situation depends. If you are a long term hodler then a 200 euro profit will look small to you so you wouldn't touch it but you need to aim for a better return. Those downs that you saw are only temporary so that shouldn't scare you but in order to prevent it, you can stay offline for a while and only come back after a long time.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ? How do you guys do this ? I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. If you are short or mid term investor then I think it's not bad to take that 200 euro or you can also take out your 300 euro starting capital so that you will not risk anything and in case the outcome is a loss, you won't feel bad but if the outcome is positive like the 200 euro became 500 again, you can repeat the same process, by taking out the 300 euro profit. also, it depends on the coin you are holding, is it a potential coin or just a shit coin, with the shit token, keeping it offline and holding it for a long time is a bad idea, it is only suitable if you are holding potential coins 200euro profit from 300euro capital is not small, you are making a profit close to x2, which is a big profit you should take half profit because bear market is hard to profit, you can reinvest when that coin corrects Title: Re: How to take profits? Post by: AnonBitCoiner on August 20, 2022, 04:20:59 PM it is so simple. first, you should get knowledge about that token which you want to buy. means go on Twitter, Facebook, and Google and search for that project. then buy if you get satisfaction.you will get good profit because you first researched then you bought.
Title: Re: How to take profits? Post by: ItsCrafty on August 20, 2022, 04:53:27 PM Those who are successful traders always keep their eyes on their profit because they always keeps the price predictions chart with them selves. They never miss their profit, if they know that the price of the coin is increased and now has some percentage of profit so sometime they sell that coin and by selling that coin they make investment again in that specific coin to get profit or they invest that percentage in some other beneficial coin. They always prefer that way in which they get more income. So same is the case for yours always concentrate on your own profit and select the way which is profitable.
Title: Re: How to take profits? Post by: serjent05 on August 20, 2022, 11:00:37 PM Always remember no matter how huge is the possible profit if we fail to sell them then it doesn't count. We must sell our holdings in order to say that we got a profit. If it happens that during the sells of the holdings we happen to find a new altcoin that may bring us another profitable trade, then I believe we should investigate it first before buying them for profit reason.
Title: Re: How to take profits? Post by: BAGOBO on August 20, 2022, 11:16:46 PM For day trading I used to take my daily profit. And always keep a fixed amount for investment. Sometimes I don't face any profit in day trading and even if the loss is small, cause I currently use Binance's stop limit option. So that in case of loss, I can recover it later. It has happened to me many times in the beginning that after seeing some profit, I re-invested with that profit and then faced a good loss. So currently I keep a fixed amount for day trading from which I can spend my hands with profit. Trading for daily gains is very risky because we take advantage of repeated price movements to buy them at the daily lows and sell them at the daily highs, but the risk is that if the market declines significantly at that time you will look for high losses. So day trading is very risky due to the market impact of the volatile Bitcoin price.Title: Re: How to take profits? Post by: antsam on September 01, 2022, 01:24:16 AM I think it depends on your personal strategy because the core of the investment is that you get profit from your money. Whether the profits are withdrawn to be invested in other projects or attract capital to be invested in other projects, both in my opinion are the same and are very good as investment diversification. It's true that everyone has their own strategy that they apply to be able to take advantage. I think that's how we see a more favorable situation. As you said, you can withdraw profits or withdraw capital and let the profits in the assets that we have. I personally prefer to let the profits work for us.I also prefer it that way, profits work for me because if you can have profits, it means our investment is very successful and can diversify investments again into other projects Title: Re: How to take profits? Post by: Pelana vreo on September 01, 2022, 02:22:17 AM I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Profits come from many factors, you can hold or trade with several portfolios, if you feel that the tokens or coins you hold are minus, then you have many choices by selling a loss of 30% of the initial capital and looking for new tokens that have the potential to increase in price. , all tokens and coins prices are currently down, this happens because the price of BTC is going down, you can buy lots of tokens for 300 uero, but there is no guarantee of profit because all tokens and coins fluctuate Title: Re: How to take profits? Post by: bonyaserg on September 01, 2022, 06:32:10 AM For me personally, profit-taking is when the amount invested fully pays off from the profit. If I invested $300, then the profit would be $600. And my next operation will be next. I take this invested amount, and with the profit I make, I put it back into the business. And so I always have income from profits.
Title: Re: How to take profits? Post by: Fredomago on September 01, 2022, 05:07:08 PM I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down. Profits come from many factors, you can hold or trade with several portfolios, if you feel that the tokens or coins you hold are minus, then you have many choices by selling a loss of 30% of the initial capital and looking for new tokens that have the potential to increase in price. , all tokens and coins prices are currently down, this happens because the price of BTC is going down, you can buy lots of tokens for 300 uero, but there is no guarantee of profit because all tokens and coins fluctuate That's the idea, there's no assurance but you can take your chances, if you are done doing your research and you already set your position the next thing to do is to wait for your investment to grow, it's not a good practice to sell with losses and try to find another coin to invest, the chance that you may lose again is very possible, it's better to research and set your target, the market currently is down and if you see good coin to invest believing that it will pump back then go and invest. Daily Trading is the easiest thing for profit, many choices of coins that we can choose, if we have big money, I suggest to buy at least 10 new listed coins and wait a maximum of a month, usually new listed coins will skyrocket in the short term. Not a good encouragement, especially for the newbie. Day trade is good if you have deeper knowledge about this business, but if you are new to this business, day trade also can lead you to losing your investment. Always do your DYOR before making your way inside this industry. It's safer and lesser risk if you what you are doing. |
