Bitcoin Forum

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

There's none, as long as it's above the buying price whether it is 1% or 1x or so, as long as it's more than the capital that I have spent for it. Fortunately, I am more than 100% in profit from the coins that I am holding and mostly it comes from BTC. This is the power of holding and I soon will get my profits because I will not be profitable if I won't take it, right? That doesn't makes sense and this upcoming bull run is going to be bigger than 2021.

The idea you've listed on profit taking, is virtually what every investor would do, though some will still hold on till the profit reaches 100% based on what they've predicted the market cap will rise to, However some person's will argue that, 50-60% of your profit should be enough for you to take, as exceeding that will be greed. Don't forget that, you can successfully hold your coin for long period for it to yield good profit, and Bitcoin is the only major coin that has that capacity, others are too unpredictable so is not advisable to hold for long, so hence you get a little percent above your capital, it's advisable to take profit.

when it comes to executing clearly spelt out plan as this, it's sometimes easier said than done. If only you can allow greed to go out of the equation then such a plan as this is not bad. But I don't really feel it's my thing to invest in altcoin using this kind of approach. If I'm investing in an altcoin, I do use an amount that's not much for the investment and then when I feel comfortable to take out my profit, I just take it all out and maybe  if it pleases me to go back into buying the same coin or another coin, I can decide to use the whole money for that purpose or part of the money for the purpose but the whole point here is that to minimize my risk factor, I try to go all in and come all out rather than trying to be too smart with investment.

Greed is a major thing that has led so many persons that made some profit at the time they started off there investment and were in profit to keep holding on to there asset even at the time they where supposed to have sold it. As much as we've got hypes all around the systems and somany faithfuls that will keep advocating that the coin will do better than it current worth, as an investor, you have to have an exit point where regardless of the pressure to keep holding on to your coin, you dicide that it's time to go off the market. But if you're a risk taker that can afford to loose part of your asset should anything goes wrong, then working with a strategy as this isn't bad and will even reduce the overall risk you're taking to HODling your coin.

Good example but as many people experienced that if they would be always regretting it once their holding gone more than 5x or even 10x during the bullish market. I was rarely doing this thing but im always holding it for long term. It's always paying off.
Just like when i bought ethereum @1900 then hold it till now when it's doubling my initial investment + i got additional income from staking my ethereum into the LRT staking platform to get free airdrop + yield.

You can get a few beneficials at once.


I was rarely doing it. I prefer to hold it all for long term to get maximum profit. It's kinda stupid to sell it gradually. Imagine when you sell it when it was only giving you 40% but a month later it goes 400%.

Im always demanding maximum profit from my investment. Just like when i bought my ether @1900, i never sell it till this time.

I'm using buy and sell strategy for my ethereum holdings which serves as my stable profit during bullrun. That's simple to do if you knew how to read the chart, and analyze the trends. Familiarization of candle sticks is very important, study everything and nothing will be impossible but profit. Risk and fear is always present just learn to control it.

In my opinion, the DCA strategy is the best way to buy and TP. Don't be greedy; that's very important!

I think it all depends on the situation.

Taking profit should differ case by case. If a coin is still expected to go up but you want to be safe, taking 50% would be good to leave some and let it grow. However some coins do decline in price even after having such an impressive growth. In that case wouldn’t it be best if you take all of your profit?

This is why it’s important that an investor or a trader knows how to analyze the market and act accordingly to the best possible outcome.

absolutely mate we need to control our fear  inorder to prevent losses cause once our fear will take over us then we will be greedy and there's a possibility that we will loss our holdings or investment cause we will sell our coins even though the price is too low it will happen because of our greed and also greed will come once we cannot control our emotions and fear. also in investment we need to try and risk our money in order to have a good profit in the future. Risking us good a trusted coins so we need to buy the trusted one.

if you bought SOL at $5 then you could really be accumulating every time it dips.

the market will obviously be overbought at its piece peaks which you should be selling at it peaks and wait for the market to reset the momentum to buy back to increase your holding. you could take a profit too but definitely not the kind of things you would be thinking when the bull run is yet to come.

You are absolutely nailed it about the part of making and taking profits is different cause this is where most people messed up, even when they made huge profit they just waited for the price to increase more and guess what most often they will end up zero.

So it's important to take out the profits which is better strategy than waiting for the moon because we never knew what's going to be ATH and how long the price is going to be bullish.

Just set up a sell ladder, obviously never sell 100% of any particular coin, just incase it continues to rise & you’re left holding fiat. You’re never going to time the exact top of any run up so make peace with yourself on that. Thd next 12-18 months will be a big bull run. Make sure you allocate the fiat derived from these sales to something that betters your life & keep some of the fiat aside to buy back during the inevitable bear market in a couple of years.

There no way this works because how sure are you that the selected coin will reach the target you have set up ? I think it's wise to take profit as and when we are in profit, we have SL and TP to utilise the profit to maximum and reduce losses to an extend. The strategy you said may work on long term investment but there is no chance this would work in trading as we need to understand the basics different between trading and investment as trading are short term and daily wherein investment is for long term.

Here's my words about those points above.

#1. Risk management would be always that recommended or something that should really be in default.
#2. Greed is normal and having that control wont really be something that will be easy and also as fear since we are just humans then it would be normal. Enough experience would be the key on this one
#3. This is whats the most important thing is that you should really know on how to take profit. You wont be considered yourself profitable if you dont know on how to secure profits.

#4 Always make up some research on what are the coins that you are tending to deal with. You cant just careless pick up with low MC's and assume that it would be making out some nasty 100x.
#5. DCA only on solid projects or something that do talks about with those old and established coins.

Whatever you do into this market then it would really be something that will be basing up on how well you do make out those kind of decisions
which would be reflecting out on how experience you do are on this market but make it sure that in every move you would make then you should be thinking up well
whether it would be viable or something that you should skip out.

Since you only dwell on trading and not in investment then there are different ways one can make profit from trading. And I will also start from the greedy type. When you are trading don't aim at Nigeria or huge profit but state with little profit. And one thing in trading is that, the more capital you use the more you benefit and you profit will increase. Example, if you deposit $50 to start the trading and you made $10 from the trading collect it and take the profit then use the $50 again and if you repeat that for like 5 time a day then you will make good profit from the little trading.
But the greedy traders would like to make a profit of $100 from the $50 trading. As I said in trading the more you deposit the more profit you make.

There are different means every crypto users take their profit.The motive of making profits in greed is totally wrong.Making and taking profits differ,most investors/trader are looking for small profits with the fear that there's gonna be a decline in price while some are targeting huge profit with the belief that the price will keep increasing in the future,but at times expectations in the crypto space may not work out as planned due to the volatility,so greed shouldn't allow crypto enthusiast to miss out.

LOL everyone knows buy low and sell high, but the problem is how do you do this challenge? It's easy to say and hard to practice.
You know how altcoins often drop dramatically and never return to the initial purchase price, will you always be profitable? Of course not, right? I used to feel how to buy at a low price what happened the altcoin even went down again.
So altcoins are full of challenges, when you hold for a long time then you will be full of risks where prices continue to fall.

I think it is the common and you've said it about DCAing. This one;


You sell whenever you are in profit and you just do it every time that you're going to need some money. But apart from that, as long as the price targets are being hit, you'll sell maybe 10% or so depending on how much you need.

Not another strategy but it's very common when someone does this because it's very effective and the rest that you still hold could bring no longer heart feelings when you've taken out already huge profit.

What level of unrealized profit is actually greed? For instance some people sold BTC at $500 while others are sold at $70k. Some people are still holding. What level of Unrealized profit can be considered greed and fear?

If this is the approach how will people make life changing money?

I am not currently investing in any altcoin but Bitcoin, and the way in which I have prepared to take my profit is not really so different from what you described here. I used to say that before anyone decides to invest in Bitcoin, they should have a target for the price they want to sell their coins at so that if the price of the coin finally reaches their target, they can sell off and buy back during another bear market, or perhaps use the profit to archive their gold. 

Likely, while investing in altcoins, you must know they are very unpredictable. So it's very necessary to set a target price too, so that once your desired price is met, you will not hesitate to sell. Note: Altcoin usually utilizes the pump and dump algorithm, and after a token dumps, you are not sure if it can pump again or when it will pump, so it's better to just take your first-hand profit and relax. Just my opinion, though. 

We have both bull and bear season, always craves for outstanding and favorable one. Don't relent but focused on crypto projects because they've come to conquer and bringing in good information. When the bull run comes, don't slice your chances away, rather focused on the main picture because winning have turn out to the ambitious mindset of most people.  Invest in bitcoin and later coming out to withdraw huge enormous profits can only be possible if you've made early entries on the project.

I'm taking profit using eth investments, when price goes down for few hours I'm taking chances to roll my asset back then wait for 1 day to settle in. Trading site offers dual investment and I got amazing returns to consider it profitable. There's a lot of strategic ways to deal with it, but I'm only using this because that provides me reasonable proof to sustain despite of the risk in cryptocurrency trading.

 
Some forum members may criticize you for choosing altcoins over Bitcoin, even though they themselves are doing the same to deceive people and secure early positions in altcoins at lower prices. While investing in Bitcoin was a good decision last January, buying it at prices near its previous all-time high isn't a smart move, especially for small investments. It's crucial to thoroughly research any altcoin before investing. Although altcoins carry risks, they also offer high potential returns at this stage in the market.

I like the way you create a strategy to take advantage when a bull run occurs. However, I use a simple method. When the price of the coins I own goes up, I just take the capital I have, and use the profits I get to try to invest it elsewhere, or wait for the price to go down to buy it again. Well, I have been using this method for a long time, and it still works. However, I believe that each person has their own way that they are comfortable using, either because they imitate someone else's way, or they have a way that they modify or develop themselves.

I use a simple strategy and many times it has worked. I follow future trading which basically is predicting the crypto market. I only follow those coins where I see profit can be gained and invest accordingly to the future prediction of that coin. It is risky but in most scenarios it has worked for me. It is still not a guaranteed way of making profit but with patience it works just fine.

In bull run the value of currencies increases a lot depending on the individual's own strategy for investment. But holding good altcoins along with bitcoin for taking profit will get good profit with high returns. Bitcoin is a very trustworthy currency but there is a little risk for altcoins so you have to choose the top altcoins after market research. These are very good moves for investors and capitalize on long term bull runs.

It depends only on personal decision how to gain profit during Bullran. I don't know how others do it but I first consider the risk trend of coin investing and set a realistic profit target based on investment goals. I have invested in several coins now if I decide in advance what percentage I want to profit from the coin then I will prepare to exit when the target is reached, but I have not decided to sell all my invested assets at once. I only take dividends from investments, use that money for my personal work.

The ideal situation is for us to hold bitcoin the long term however some investors might feel unproductive and impatient with no profits for so long so they tend to invest in altcoins for quick usually constant profit. I think that would be the best case scenario here if we want to earn some extra cash to the side while still maintaining our holdings with ease. I think this way the temptation to take your bitcoin out would be decreased.

When the price is high to my satisfaction, that is when I use to take profits from the market and it has helped me to accumulate profits over some years now because I used to buy altcoins during the bear season and hodl them in my wallet and wait for the bull run to come before I can trade.

In the process of your hodling, you will come across so many things that will disturb your mind to sell in a low price, but do everything possible to avoid such temptation than to continue hodling until the bull run occur, which is the popular season many people use to make profit.

Another strategy is to be patience in your hodling, patience will help you to eliminate anything that will make you to miss your opportunity because it will make the market price clear to you to make what will bring joy into your investment when the bull run arrive in the market.

It's not totally a strategy but they are just the basics. Also the one that you use doesn't totally differ from him but it's just that you pull out all your capital quickly, while for him it was slowly but surely i.e 50% per xxx increase and the rest would be lower than that. He can only continue it until he fully recovered his ROI.

In your case, given that you are profiting then why look for others? Doing so might only make you lose, so you can just continue on your current one until you realized that it was not profitable anymore. Imitating someone else can make us look less creative, so we should also try to come up with our own strategy or modify what we copy, if it's not totally preventable.

What I usually ask for this suggestion is, what do you do if the price goes 5x as you say then you take 50% and then it goes up again, you take 10% but suddenly it goes low to where it was when you bought it. At what price will you take the next profit? 10% from the price crash? Or it has to come back up to where it crashed from before you calculate the 10%?

I think it’s best to have a target percent where you can take out your money and look for another place to invest it. It mustn’t be from one cryptocurrency.

We don't need to celebrate told about when to take profit in the bull market.
Once we have make profits from our holdings, it is a good time for us to make take prolfits without waiting for more time which could suddenly make the price of the token we are holding to fall in price makeing us to lose part of the profits or all the profits to the market volatility. It ought to understand the market to make money consistently.

All approaches can be used in investing or trading as long as they are focused. If as soon as you enter you want to immediately get big profits, that's luck and you'll be really lucky on that day, but on average that's not the case.

Guys. Everyone has a process, even the most professional ones who invest and trade in the crypto market also have to be patient and watch the moment when they sell and buy again.

Your last question will be answered if you buy, for example, Matic now at a price of $ 0.725 with a quantity of 1000 Matic, try coming back in just 3 months, the price will be $ 1.5, then you will get it. for example.

How to take profit? Be patient. In both trading and investments, 80% is waiting and the remaining is decision making. Key notes in bullrun is high market price volatility and that simply means loss is most likely to take place if you will be in a rush with your decisions. Take it easy and wait for clear and better market confirmations. Whenever there is a dip, wait and same goes with big uptrends. Know your risk tolerance as well and trade as you need to, avoid engaging with your emotions. In bullrun, a goal is set in the market which is to create new ATH and that's the only time you should be making your move.


Indeed knowing satisfactory levels would also be helpful to avoid greed. In the first place, no matter how big or small the amount is, as long as it is profit, then it should be taken consideration. You may expect for bigger numbers but that depends on how you will handle inconsistencies from the market.

For me it's simple, what I always do is just take the right moment in my opinion by going through quite convincing research stages, such as looking at bear market movements to start investing and when the bull market is the time to take advantage, but the weakness of this strategy is that it takes time. a long time to get the benefits

Talking about altcoins, you must not wait until you have 5x profit before you sell off. This is because there is little or no possibility that they will survive in the market for long, so it is good that you take profit the moment your profit have an increase of 1% and above. Some altcoins will pump and after pumps, if they dump they will not be able go pymp anymore.

Assuming it is bitcoin that is when you can relax and take profit the moment bitcoin reaches your price target, because it will definitely reach there, so what I do is that, I sell altcoins when I am on profit, and buy more Bitcoin. Don't forget that investing in altcoins is like gamble so don't be greedy to see a bigger profit, but appreciate the little profit it has given to you, because no one knows that will be the price tomorrow.

I think it's very simple, if you have bought an altcoin before the bullrun comes, of course the price of the altcoin you bought will be lower than when the bullrun came, and if you feel the altcoin you hold has gone up then you can take and advantage of that moment, namely by selling and taking to profit from the investment you make,

I believe that the real bull run for altcoins hasn't started yet. When it comes to profit, it depends on the development of each project, so the profit target for each coin will also be different. Generally, I am expecting a 5X return in the altcoin bull run. Once it reaches 5X, I will sell 75% of my holdings, and then based on market sentiment, I will decide when to sell the rest.

Those strategis shall be excluded when you are buying the legit token. You have even explained by yourself about that. No pain no gain, that's the most important thing that traders shall understand it. I meant look at how legit token like sola was performing. It was never slowing down.

I will always try to load as many altcoins as possible considering that we are in a bigger cycle at this moment. The better for you to take a look at how bitcoin is so steady at the current price.

Holding altcoins is a must. Marketcap is a very important thing but i remind you that some tokens may be still in the process to unlocking their supply.

I make an exceptional for a coin like solana which is having very bright future. I was rarely taking profit gradually. Always going all in the legit coin like eth or even solana.


Taking profit gradually is working when you are trading the mid tier token/coin. It's caused by they can sometimes being pumped and dumped back again.

Strategies are different from person to person. If you want to profit during this bullrun, you must first find some very potential coins. Other than 5x or 10x return cannot be expected. But what I think is whenever there is 5x profit we should take it. I sell the entire coin in my case and try to find another potential coin.

There are many ways to take profits as a trader and my favorite is a trailing stop loss, so if for example your stop loss was 5k below the current price of bitcoin, then if the price rose up all the way to 90k, your stop loss will be automatically set at 85k, this way whenever there is a reversal on the current trend on the market you can close your position and take profits, however if you find that this strategy works for you, keep using it, as sometimes it is way more important to use the tools we are already familiar with and that have shown that are effective in our hands.

I think that with this bull run, many are going to start taking profits at least 50% from their portfolios. We don't know what's with the future.
But if this market grows more than what we are expecting then the remaining 50% of the portfolios will continue to do its job for the future growth.
Don't just hold, I know that most of us are holders but you should take advantage when you're in profit.

I can understand this strategy when you are buying altcoins, they usually do not have any use case and they are sustained by only hype, so better to take ROI when you can can, before the coin dumps and you become a bagholder.

But if it is bitcoin you are hodling, selling everything isn't a wise choice to make, you can sell some of your bitcoins and take profit, or convert all of it to usdt, take what you want as profit, and convert back to bitcoin when the price drops, but i wouldn't advise that you sell all of your bitcoins.

This is actually pretty much my style, but i don't have any dca rules set up like selling 50% after 5x. I mostly adapt to news and markets and don't believe that everything will go up. And many times i am just cutting my losses and selling on loss too.

But i definitely support the idea of slowly DCA:ing out. For some reason peolpe think it's only for accumulating, but it's definitely legit way to exit. And it leaves a possibility to have a moon bag. Also depending how much you own, exit like that can be good for the markets, as you aren't dumping price, but slowly setting sell orders or selling smaller amounts.

But yeah, psychologically it's way harder to me to take profits then ragequitting and selling on loss. Because it's easy to sell something you have started to hate then sell something you fell in love into, and you started to believe the moon talk, and how it's going to be a next top 3 coin. It's really easy to buy into something like that as it's hitting all the right psychological keys. When we make money, we start to think it's because we are geniouses, and that's something we want to believe. And selling it would mean we had to find something else to invest to, and that can be really hard work. So we keep on sitting on our pile of coins and hope they will grow and that would be enough.

Ultimate basic is to buy low sell high. Nothing else matters as much really imo. After you profit, it's just a matter of how greedy you are for profits before you're able to determine when to pull out or continue risking it. Personally from my experience if I'm doing shorts, a profit of 3-4% is usually enough for me to pull out, and if I'm greedy then a maximum of 5. The best I had while waiting in a day was 10%. I'd suggest looking into coins that are booming or are moving in an extremely volatile way. If you time it right you can profit pretty good in a couple of hours.

For long term, as you've said, I just DCA and wait a couple of years. It's just a waiting game after all.

The research stage should be before you purchase the token. And when you have, you should have already defined at what price you wish to take out your money. That’s very important because if you don’t. You’ll see 2x and then you’ll decide you want to take profit in 2.5x and you won’t stop saying it. Not until the dumps and you take 1.5x.

That’s true, setting the target profit and the cut loss level should be done before you execute a trade because this will serve as your guide for you not to be greedy. Taking profit is a must but many don’t know when to do this because they are hoping that much for the price to pump higher. In this bull run, you should know when to exit because the next cycle is a bear market, and we all know it is inevitable.

The risk is fully implemented in the trading but foe the investment it is very minimal. In the investment you buy the dip and hodle and when the price is okay for you to sell it then you sell and take your profit. But in the trading you have to be good trader to make profit. In the trading you don't have to be greedy and don't rush when you trading. In trading don't just enter the market and trade because your friends were making profit but learn well before join the trading train.

Not everyone trades make profit, many are there to lose and be wise so that you won't join the crew of losing to trading. As it is said, the risk is always found in the trading.

Nothing happens to us if we are always afraid but if we talk about greed, that is possible despite people thinking it was bad.
In this world, even outside crypto, we need to take risks and we need to stay out of our comfort zone in order to improve. Making a profit here is not just we dream and plan but should be properly executed and must take risks.

Yes, DCA is a good strategy, yet choosing a potential coin is also very important. Many investors fail not because they have fear but also the choice of project to invest and this is a very common reason, especially for newcomers.

The way I do it to get when the bull run occurs is to see some of the altcoins that I will buy once the price starts to fall, that's where the right buy order is, just taking 2% is enough. Most of the bull run market traders have a sense of greed and a system of rushing to take a stand, which makes them unstable in taking profits during the bull run, but they even experience losses.

The best way to take profit is by calculating the amount of risk you are taking in your Investments and then controlling your greed once the investment is being done.

You should have a certain amount of profit in your mind based on the calculations you made while taking and analysing risks and profits. Once you get the desired profits then exit the market don't wait. In this way you can make good profits and minimise losses.

Easy, I just buy all the crypto that I think will have a possibility of pumping up in prices and then when I have a sufficient amount of it in my possession, I just hodl it and if I see that there's more potential that I would profit even more, I buy more through DCA. Just always remember the saying that "You should buy low and sell high" and you will be just fine. Also, don't buy a cryptocurrency during the middle of it's hype, you're going to regret it especially with altcoins and such.

It is necessary to search before putting money into any coin because if you invest first and search after investment then if your coin is not trustworthy then you will surely be in loss. Another thing is to set a target, if you have not set any value for selling your coin then you will have no idea what to do at price surge and is it better to wait more or sell the coins.

One can only be successful if he knows the time for buying and selling and has made deeply research then there will be a possibility that his earning will be better and his loss will be minimum because knowledge and searching are crucial.

Buying low and selling high is the ultimate strategy for profit-making. It depends on the person, and how much profit he expects from his investment. For example, I set a certain percentage/ amount in my mind and when the price reaches that target, I sell.
Searching for potential coins is the most important step in investment. Once identified, invest and be patient because the price will eventually go up.

It's best strategy to quit Alts as soon as you see adequate profit specially if the alts are new and not among top alts listed on cmc. Once you are struck there is possibility that you will remain there for long time or may be forever.
We can't compare Bitcoin with alts just like we can't compare apple with oranges. I can HODL bitcoin forever since I have trust that it won't disappoint me. Take profit from Bitcoin from time to time but never sell all your Bitcoin Hodlings.

It is different for me every time that I would take profit.
There are times that I would leave my capital on the same crypto and I would just take the profit to invest it on other alt-coin or cash out, there are also instances when I would sell off all the crypto on my portfolio, and hold it in USDT to wait for the market to go down then choose which alts would I invest in.

This is an effective tactic because if the coin has potential then we will no longer be able to get the initial low buying price unless a hard correction in BTC occurs. By taking a little profit and diverting it to other cheap coins, it will increase the opportunity to increase our investment estimates, meaning there will be additional new coins in our portfolio.

The most interesting thing is, you don't go all in and save USDT reserve funds in your account. It's good enough to be adopted.

What I most do is to take my initial out after 2X or 3x depending on the hype and later scale out at 5X 10X and so on, most people always forget that not every coin or token will bring 10X and above return on investment (ROI), taking your initial out give you the bullet to fight another day and most of these gains are paper profit, you need to take them before the market take them away

Only some people forget about tokens like this. We as traders can of course give advice to new traders who don't really understand to remain careful when they want to invest in tokens. So far there is no token that can guarantee as much profit as you mentioned.

I do basically the same thing, pick a target and stand on it.  Too many times people pick a target and it hits it but then greed sets in.  There is nothing wrong with profit taking and leaving more profit on the table.  You just have to tell yourself nobody can perfectly predict the market and sell the very top.  Stick to.your own rules and don't break them and you should be in profit because all cycles go way up and way down.

I feel like even the simplest things do not make sense to most newbies. For example, I made a quite good chunk of money on the last bull run, now I am in big debt because it hasn't been that great lately, but I made a great profit last time, how?

Well, simply I put all my money into bitcoin, when I doubled that (which was easy) I took out half, so my initial investment was given back to me, while I keep equally as much at bitcoin, then I put it on eth, and then bnb, and many others. That way, I had so many coins with the same initial investments. Some of them kept going up a lot more, some of them didn't and I had a few which crashed to near zero as well. This is why I think it's easy to make money during bull run, just keep spreading it like that.

I think it’s smart that you said depending on the hype as most coins don’t perform the same. It doesn’t mean that just because a coin grew is that it will continue to do so. As investors we should definitely always try to make decisions based on what we see. Factual and accurate data should be taken into consideration. Don’t depend on your emotions but rather depend on the market activity.

Just like most traders that have some sense in their head, buying low and selling high should always be the case when it comes to trying to make a profit during this bullrun, I mean look at all the people that are doing it for the hype of the altcoins and not doing anything about it when the hype dies and down and they bought at the wrong time and the wrong crypto. Probably this is the only way that you can take your profit in a bullrun market, you just sell when you feel like you've already made a lot of profit from when you first purchased that crypto, never marry the bag unless it's bitcoin. Also, it would be a really helpful thing if you have a price goal in mind so when that goal shows up, you'll know that you're ready to sell those crypto.

That was a good idea. First no investor makes it prosperously working setting up a goal, strategious in expenditures and diversification to alternative sources.
So basically during when investor makes profits, you don't have to sell all of your coins hoping to continue buying afresh when you hears alert of possible rise of the coin in the nearest, so being saving the periods of missing out, you'd just have to sell some and have the rest hopefully to fill the loopholes that you maybe missing out at market rise again. Then you can spread out depending on your income values for the Interest of your various earning and while making profits in other ways, it's wise to reaccumulate on your crypto during the bear run and hold again for the bull event.

You already said my strategy. :D That's my current strategy.

I already have my price selling targets based on how much upside it has. For ex. Bitcoin for me can at least double its price when the bull run comes that's why I already set my selling targets a bit lower than my expected peak price. As for altcoins, I think I already put a selling target on its previous 2021 ATH, and a bit below if just in case it will not be reached at all as it happened to many altcoins already, but nevertheless, I believe that I will make profit in all of my coins that I'm currently holding.

What you said is my profit taking strategy, and I believe some had the same as well. If you risked your money during the bear market, you would make profit that's for sure "unless" you will choose to hold it for a bit longer of course, but overall, don't fall in love with your assets and learn to sell it for the sake of profit. :) You can still re-buy it during the bear market season. :)

Your point view is stated clear and understanding while mention Greed and Fear in trading. Without greed you won't make (Profits) in trading and with Fear trading is not for you of (Loosing). So these twe factor's most be there in times of cryptocurrency trading platform. As a trader, first thing is to remove fear in mind, have courage of holding position and have target 1,2 and 3 of taken profits of exit point. Finally entry point matter's a lot. Be it Bitcoin or Sol or any other alt-coins in the cryptocurrency market.

by investing provides an opportunity to progress that basically no one can predict the market perfectly, but with a well thought out strategy it can be handled depending on the hype of the coin we take and it continues to change according to time, it is difficult to perform  your is thinking about profits and by setting profit targets. It's easy to get caught up in the excitement of a bull market and that,s normal

It is way too difficult to sell on top with all the coins we are holding at the moment. So I believe that profit is profit. Small or big for as long as there is profit then it is always a job well done. The market is volatile so it is better to profit small than have regrets later on.

So far, I haven't made huge withdrawals since I am still waiting until next year which is expected to be the biggest bull run of this cycle and hopefully the trend continues. I already have my own plans for next year. But if ever bitcoin hits $100k or ethereum reaching $10k this year, I am selling a portion of my portfolio.

I highly agree with this. Taking a profit is hard but comes with a great price if you work hard and do not just buy and sell.

Some people say that doing future trading earns a lot but it would burn your assets if you don't have the knowledge, and doing spot trading an only buying cheap and worth to hold altcoins can earn you big in the future.

There are different targets of selling specific coins due to which everyone is getting profit with different percentages. Everyone thinks differently and the different percentages of profit is also due to the fact that some people purchase their coins at lower worth during bear condition so if they sell it at the start of the bull season then they will be in profit while others will not be able to take the profit immediately after the initiation of bull season.

You will definitely find a better coin if you work for it and make search from different sources so you can make a good profit by putting the money in a useful coin as every coin is not able to give you profit.

Simple just take profit when you think is enough why bother to wait and don't be greedy bro, This is my strategy Im gonna take profit when my coin is up to 15-20% of floating profit for daily trade and scalping and I'm gonna hold for long term, so If my token already reach 100% of floating profit then Im gonna take profit a half or my initial investment and then put the rest to go all the way to all time high.

But like my previous word don't be greedy bro because this emotion can kill all your profit ahahha

https://www.talkimg.com/images/2024/06/02/LlIbg.png (https://www.talkimg.com/image/LlIbg)

Mostly for a project I don’t have much conviction on to do well, if I’m able to make my capital out of it after investing into the coin, I will end my investment there. For the ones that have some level of conviction and not still 100%, I take profit partially and make sure my capital is out before any silly move on the project. The one with much conviction on the project, I apply your rule to taking profit, get a target, then DCA my way through it and most importantly, the exit time I don’t miss because much greed lead to that I don’t wanna be in that situation.

I have invested the most in Bitcoin for the upcoming fertilizer run. 90% of my total investment I invested in bitcoin and 10% is invested in alt coins. That 10% I invested in Solana, Shiba Inu, Dogecoin, and ETH. I am most optimistic about Bitcoin. So I always invest in bitcoins, and sometimes I invest a small amount of money in all these alt coins.

But everyone's preferences are different. It is a personal matter of who invest in which coin and receive the benefits. But I think it would be better to invest in Bitcoin. Because in the upcoming bull market we will get a lot of profit from Bitcoin. It may be much stronger than the last bull market.

Sorry, are you asking the forum this question or you are teaching us how to take profit cause your title sounds like you want to teach us and then your write up looks like a question and you even state some idea on how to take profit however, even if i answered your question you may not still see my strategy as something that is good or maybe you can't still hold unto it. Moreover I think you are right to an extent, most people lost or don't make profit because of greed and I think sometimes it is caused by circumstance while sometimes it is natural and fear can't only make one not to make profit but sometimes it help one not to make loss too.
I have seen a situation where someone wanted to invest in a particular project but because of fear of losing his money he stayed off from the project and later he heard that the project he wanted to invest in was a scam project so, sometimes it is good to have fear.

Most people learn by experience and others learn from the experience of others. The latter is desirable

You must invest long-term if you want to get good profit from trading. Short term investment will never give you good profit. You will never have the patience to reach your goals while making short term investments. Moreover, there is no way to be sure that the currency you choose will reach your setup goals. So it is good to take profit from small gains during short term investment. Moreover, you can use stop loss and take profit strategies to reduce losses.
The most noticeable thing is that it is very likely that there will be a bull market in the coming days. So trust in long term investment.

I learned from experience that when we trade or invest we also need to monitor coin movements so as not to miss the opportunity to sell. On the one hand, make decisions in every step you take, for example, don't be greedy when you make a profit. I always apply this and can at least minimize the risk of loss.

Investing profit is basically only considering selling in the context of bull run may not always be correct. You may have had dips a month ago which is currently crossing bullish but it may be that the uptrend may continue for longer and if you decide to sell you may have made some profit but may regret it more in the future. Most of the time investors may not get the dips they want which is like short time interval selling decision to withdraw from high profit. Here mainly greed works among investors which withdraw for small profit.

Well I did learn from my experiences when we do have these 'bull runs'. For me I want to take some of my profits but then I see if I did wait it would be bigger profits.

It is better for us not to sell during the 'bull run'. And only to sell our coins if we really need the fiat but to hodl it for long as we need them to.

I see what you mentioned here is how to take profits using the method you use, as we know in a bull run market it will be easier to take profits in the short term and also in the long term. The point is, in making every decision, don't rush and remain consistent with your own research. If you are sure you want to enter or want to buy, continue, likewise, when selling for 10% or 5%, don't be too ambitious in making big profits.

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

Everything depends on your strategy, but the best option is to take profit step-by-step. e.g., put an order for every 10% up, and never try to catch the bottom and highs!

Trading is definitely a challenging task. Greed, fear and risk all exist here. Those who do trading can understand these things. There is risk in every trade and it is with this risk that a trader has to manage the trading activities. If there is profit from trading, then taking that profit is definitely the right decision. There are many people who are greedy they don't want to withdraw their profit but they want to get more profit from a coin but then the price of that coin goes down further and at some point they have to lose. So whatever you do, if you get 20 to 30 percent profit on your investment, take that profit immediately. Although each person has a different strategy in trading, the objective of all is to make profit. When someone is in profit, if he can not withdraw the profit, that is his failure.

In my vast experience in trading and investment, I believe stop loss is missing here. It should be the number 4 because there is no way you can reasonably consider a take profit as a factor without considering the stop loss as well, otherwise, the trader/investor is not considering the proper risk management at all, just like some overconfident traders/investors do.

Sorry to say this, but you are wrong. If you are in profit, what are you still afraid of? If you like you can close your trade and call it a day. So, fear is not a reason/factor here, my friend.

But for greed, yes, it is a factor, because some traders/investors might think that if they place a take profit and the market moves past that level, they will miss a few pips. However, I encourage all traders and investors to always include their targets as part of their trading/investing plan. They may add more value/pips to it in case they do not want to miss out on more gains.

Notwithstanding, contentment is key in trading/investment, we should never forget that no matter how greedy we are.

Yes, there are good strategies to take profits, some of them are stated below;

1. You may take profit when powerful news/events are against your position.

2. You may take profit when there is a confirmed retracement pattern against your position.

3. You may take profit when there is a confirmed reversal against your position.

4. You may take profit when there is a break of support and resistance defending your position.

5. Lastly, you may take profit with a fixed calculation with either money or pips value.

Yes I agree with you to sell it in the bull run because if we want to sell them in the All Time High, I discovered that we can't because once the price hit the All Time High the transaction fee is very high that you can't make any transactions from the wallets to the exchanges before selling. Early last week bitcoin transaction fee was about $1,$2 and $3 with 17 to 23sat/vb but immediately the price hit $71,000 late last week and the transaction fee hit $28+ and the mempool was red.

So if anyone wants to enjoy the All Time High then he should transfer his coins to exchange and wait for the ATH so you can sell without complain. To make profit in the cryptocurrency market is not too hard and all depends on your calculations. And you have to k ow that keeping coins in exchange is dangerous. But keep it in a reputable exchange so anything they would inform you to withdraw your funds.

The little I understand about the usage of DCA is totally far from easy profit taking, perhaps you don't really understand the method they use DCA for and basically is not for trading and it will be difficult getting a profit easily while using DCA because when you are using DCA means that no matter the price of that coin you will buy, so how would you buy at any price if your target is for quick profit making and DCA is mostly use on Bitcoin not for altcoins.

Taking profit is the hardest part because you do not know how high it could get. Right now there are people who already started taking profit, and we haven't even started on the bull run yet, imagine how vast the range is, people will see it peak at 150k and sell too, I think it will reach those levels, at least 100k+ for sure, and yet there are some who already started to sell.

I think it is clear that nobody could give you an exact answer where to leave, because you are not going to really get what you want, and that's why it will not be simple. Nobody knows what the peak will be, we could just assume but we can't know it exactly, which is why I think we should be considering how to move forward with it and we will be able to do a lot better.

Well said, I agree with you, when you invest you have to have the mindset to hold onto it. When we see Bitcoin reach $150k or $100k it will take a long time for someone invested or holding onto it. We don't know what's going to happen, many are holding on to investments now hoping it will happen. You have to take risks when making or making investments, but this can be done if you take proper care of your investments. A proper maintenance done right will keep your money safe and fill more pockets in the future.

It's not that hard. Always try to sell when it was getting pumped so hard. Just like when you see your tokens pumpeds for double digits percents, then dump it. Things are very difficult to do is patiently waiting for the price to go down again. The only people who can wait it patiently will able to buy back at the bottom price again.

Bitcoin dumped so crazily and it can become our opportunity to get good result. Im also actively doing trade. It's not that hard to determine the price for us to sell our tokens. The hardest thing is about waiting patiently for the price of tokens to go down.

The way I do my investment plan. I normally set a goal for the investment in seasonal. So in every bull run I sell coin. And take the profit of it is $10 or $20 and when the price reduce again then I was the capital to invest again then in the next bull market, I will resell again and take the profit and wait for the market to reduce again and once the market reduce with 10% then I reinvest again. That is how I have been doing.
Though it might not good for everyone but that how I normally do since this year. So this year I have sold like four to five time. Though it is not all that I am selling but just a small fraction of it. And it is for long term of 2027-8.

This is a good strategy because by applying such a strategy you will not miss the chance to earn your profit. So many individuals don't want to take a small percentage of profit like 1% or 2% but I think it is better than missing the chance by waiting for greater profit.

Every person has different goals for which they think differently so some will accept little profit while others will wait for boosting events that can boost the price a lot but such thoughts are full of perils in case of new coins which does not prove to be profitable in the long term always.

Profits is very important to hodlers in the industry, which is the reason hodlers have to use the strategy that will make them to remain in profits earning in the altcoins business, because if they are losing in a particular strategy they will feel regret because they make use of wrong strategy.

For you to wait for a greater Profit, you have to take the risk to hodl long for the bull run to fully mature in the market before you can trade to make big profit that will make you to always take the risk in the crypto industry.
Yes, every Investors have different rewards in their altcoins business, because if you invest in ETH and PEPE, you will surely get different rewards from the coins and ETH rewards will be bigger than pepe reward because ETH still remain the king among other altcoins.

I believe that the real traders would know when to get out, but if you fail to get out at the right time then you are not going to be considered suddenly a bad trader neither, you could still make some money, you just need to make sure you know what you are doing. At the end of the day, things are always a bit more complicated than what people think, and as long as you have that kind of return then you are going to be fine about it and should not be facing any issues at all.

The best way to go about what you do, is just realizing that things won't be too easy, and you could simply just make mistakes, it's normal. If you can make that known in your head, and be fine with a mistake, then you are going to end up feeling less stressed and do better.

the strategy you have implemented is good. However, everyone has their own strategy to gain profits from trading. because what is sought in trading is profit. and the strategy that I apply is the profit target that I want to get from trading. and and my target profit is 20 - 50% on every altcoin I hold. and this can be short term or long term.

To take profit you need to do actions, you will not earn if you only watch the market from dip to bull and from bull to dip, we have different season and there are always a chances to buy or invest in particular coin that can give us profit taking risk is always a way to earn huge profit if you don't take risk then there is no big profit and if there any only in a small chances.

It is very important not to be greedy because sometimes what we want may not be achieved. Indeed, there are quite a few people who want to make small profits but immediately want to get big profits in a short time, but in the end up getting trapped in big losses due to not analyzing the coins they want to invest in and not seeing which direction the market trend is heading.

The method you use is very good, because I see that the profits you are pursuing, even though they are small, if you collect them a week, the results will reach 15% per week and usually you play with large capital. However, it is better to hold the long term rather than the short term because we have a lot to spend our time on.

We can always make money in the market and even make more depending on our strategy so far.
There is no need to be asking when to take profits. We know that the crypto market has been ranging since and it could be a good opportunity for us to buy cheap and sell high. Anytimw the price of the token we are buying goes up, we can always sell ams study the chart to know when it's best for us to sell to make money.

Strategically it is very easy to make a profit in this bull run, namely by buying coins at a low price and selling them at a high price, of course this requires accuracy and in-depth analysis, because it is difficult to determine which coins will grow in any period, therefore determining a strategy is not as easy as turning the palm of your hand, it takes process and time,

That is true, but you need to be very quick with it, so that you could make a profit constantly with it, and not just one time and be done. Smaller profits require you to be constantly doing it and also have a chance to make a return if you know what you are doing, if you lose then it is going to take a step back, and if you win then you need to redo it all over again.

I believe that long term holding is a lot better, because you will not require working that much, and all you would have to do is just keep on trying your best .I personally believe that the best way to move forward would be just realizing that you are going to take some time to get there, and for that to work very well, you just need to focus on how to grow.

There are so many situations that can change depending on the situation, I don't have a specific strategy. Putting the profit in your pocket is not really an easy task, you have to plan certain sales points. If you do not determine your sales points, you cannot sell anything in one place, then you may have to wait for the next bull season with the tokens in hand.

Losses always occur as a result of too much greed. It is better to determine your goal in advance.

For me, I have been using a smart portfolio on my exchange lately. Although it helps me DCA into my position when there is a dip, it also automatically takes profit for me if I pair one stable coin with the coin that is pumping. This process is fully automatic.
Also, I like your strategy, and I'm going to add that to my method when the bull run starts.

The potential coin in the market can be found by the investigation about the project,the random investment is not the right option.Because the random investment in the cryptocurrency will leads to loss of the investment.Take some time to analysis the project,because the money using in the investment is the real money.If you want to check the way of the random betting better use the test trading option in the trading exchange.The demo trading was the first one use by the traders at the initial phase.

I don't even recommend trying to pick up random coins. There are tens of thousands of crypto projects and you can't bet by picking a few at random and just looking at the hype or just because they are in the top 100. Altcoins are about buying low and selling high. Altcoins cannot be held for the long term because most altcoins will lose their value and will be replaced by new projects. Unless it is an altcoin with good fundamentals such as ethereum or bnb.

Of course, if we are ready to take all the risks, we will be able to generate profits in the future. Usually, after we buy coins, their prices decrease. This makes us hesitate in making the decision between holding on and selling it. If we sell, of course the loss will be clear, but if we hold on, the value in dollars will become increasingly depleted. This can be resolved if we don't expect the profits to be used for our needs at that time. This means that if we invest with pocket money, it is certainly very risky. But investing with money that is ready to be saved long term, then the conditions will be safe.

Taking profit is the most important in trading and investment. Because the objective of all traders is one and that is taking profit. And that's why different people follow different strategies. What I follow is the new blockchain project. If these projects are popular, there is huge growth. It is possible to get good profit from these blockchain projects if you invest in the beginning.  Their airdrop is also profitable.

I am sure that everyone who invests will seek maximum profits because the essence of investing is to seek profits for the future. but everyone has their own strategy. some make long-term and medium-term investments. For myself, I will take the medium term so that I determine a profit of at least 50% of the capital I have spent.

Just set up a sell ladder & try to stick to it. Obviously things can change but it’s good to set certain points where you plan to sell certain amounts. My plan is to sell a certain percentage of my portfolio & invest in things that can give me a passive income. I will also allocate a pot to buy back in the next bear market too.

Each investor would really be that having their own profit threshold on which those people who would really be tending make those short-term profit taking and there are ones who do hold up for several market cycles and there are ones who do sell off only on bull run period after a long time of waiting for 4 year cycle which it would really be something that situational. The most important thing on here is that you should really know on what you are doing and always take profits on the moment that you would be having the opportunity or else on the moment that the market would really be having that correction or something that start of bearish period then
you would really be ending up on having that huge regret on why you havent been able to pull out those profits while its still peak. Get contented on whatever the amount of profits you do able to get.
Dont find for peak because this is something that cant be known.

Profit taking isnt really that hard if you do really just that make yourself that being not too greedy and being that contented on what you do have and not really
that hoping for too much profit or into the peak.

To take profit during a bull run, decide on specific price goals or percentage gains for your investments and sell some when you hit those marks. You can also use trailing stop orders to sell if the price falls by a certain amount, so you keep your gains even if the market dips. That how i usually do every bullrun

Getting high profits is indeed very difficult because it is limited depending on the realization of profits based on targets and criteria that have been determined from the start, of course everything can change depending on their respective thinking strategies, and always read and understand before deciding to invest to think long-term. and this kind of thing has many challenges, of course market capitalization influences all of that.

Yes, People who fail to accept fear and risk in trading are the ones who suffer the most losses in trading. So if you can notice you will definitely know about it, because if you take risk and trade at the right time it is definitely possible to make a profit. So learn to take risks, and discard greed if success is assured.