My answer to the big question of Hodling

[smile1218]

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

That strategy would really works always keep on mine your target goal. Basically the success of a trader is based on the financial goals his looking up to but not all goals can be reached some becomes negative so it would be better to understand the flow of each coins and don't just stick to only one currency to be able to overcome losses.

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[TitanGEL]

Oh! you have so much patience in the matter of profits. Being true,i have never got 2x from my investments till yet.
I hold and then sell when i see i have accumulated 15%-20 profit.Similarly half of my base amount remains there. I have no policy designed to achieve a major return.

Patience is really important. I am a trader and I want to improve my trading skill by developing my patience. I created many bad decision because I don't have enough patience.

[allycn]

Thank you OP for sharing your strategy. As someone new to crypto currency it is nice to read other people's thoughts.

I don't think I would have the patience to do all the trades you mentioned at such specific milestones and percentages, but I have written it down as an idea. At first I thought about simply buying during an ICO, holding long term and eventually selling for a good profit, but i do like the idea of selling half of what you purchased once the price is 2x in order to recover your original investment and not be at a loss . Then I can just HODL the remaining as a long term investment or work around the strategy you shared. Will probably be applying this soon!

[nasibakar]

I do HODL for most of the token that I am planning to keep it long term.
I dont care if price is dropping.
For some coin I do buy and sell, not HODL.
I think it is the best option to HODL,.... not to every of your coin you do HODL.

[Hiluxury Bitcoin]

Sounds like a great plan. The real pain people feel when investing is losing their initial investment. So cashing that out and taking profits regularly means you are always in profit and ahead of the game. And you can always use some of your profits to buy the dips so that you always hold the same amount of coins.

For sure what you have decided and you made a plan regarding it, seems so nice. The business things must be in control and you have to make a way for their better and straight movement. That is the bigger fear you are talking about, so better you are if you have found a strong solution to it.

[HippiePyro]

Once I buy crypto, I just tell myself it money lost, so don't worry about it. Then when I cash out it feels like the damn lottery (a smart lottery)

[FrueGreads]

I'm really more of a holder, because I believe in bitcoin, but I understand the need of getting some profit, just in case we are wrong.
But if you really want to trade, and I'm not saying that you plan is wrong, I don't understand why you are selling when the price is going up. I mean, if you are not planning on reentering the market, why you have so many exit points? You are assuming that the market will continue to move up, and you are planning on selling some, just to get some profit. But if your prediction is of such a positive trend, then you should just hold all the way through, and start slowly selling on a negative trend, and not on a positive trend (and this on not necessarily a loss, because the price could be dropping from a very long positive trend and from new highs).

[bitcub]

Every trader has a style, I really like your trading concept. I guess i would try to do that. The trading style is very safe, and gives a higher profit. The only key is patience, HODL. Thanks for sharing.

Did you experience already to have a coin in your hand that reach 100X ROI?

[NeuroticFish]

First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched. 

This sounds perfect.

I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

This may have a flaw. "Rinse and repeat" strategies sooner or later do fall. Of course, you're on profit and you afford that, but it's better to stop earlier.
First of all I'd start with a strategy for step 1 that stops earlier than 10x and gets the investment back without profit or small one. Like 5-6x and cash out 20%.

After this I'd make more tangible targets: buy this, buy that (car, property, name it). When the value of an asset grows beyond that keep a part of it as future investment and buy the thing you need.
This make sure you get some earning even before 100x.

If you diversify enough, this is already enough. 1000x is imho too big to be set as a target.

[Wind_FURY]

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.

Ok. Let me play the "devil's advocate" and tell you why your plan might not be as good as you think. You said you are a newbie, how will you know if your research is good. Are you technically qualified to judge one project as good or bad?

What if you the coin you are holding does not go up but instead goes down?
 

I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

It does not look like a sound plan because you are assuming that the coin you will be buying will only go up.

[Koadharber]

Oh! you have so much patience in the matter of profits. Being true,i have never got 2x from my investments till yet.
I hold and then sell when i see i have accumulated 15%-20 profit.Similarly half of my base amount remains there. I have no policy designed to achieve a major return.

When it comes on trading bitcoin then small percentage of profits would really just do already for me as long i do see its on positive side but if it would be on negative then hodling would be the other action and when it  comes on other coins then i did really experience to have 10x max on my investment which is really good since you can able to use those profits on other coins too which you do believe to rise too.This thing does depend on traders preference though.

[HippiePyro]

From my OP and your quote:
 I'd have my stop loss set at 75% of the original price until my first selling at 2X and 50% of the original price there after.
As for research, how does anyone truly know that they are right? All I can do is learn from others mistakes and success shared. At least until I have my own experiences. And I'll be ok, I follow the first rule of investing and trading. "Don't invest what you can't afford to lose."

I'm going to try this with Electroneum, token sale going on now. Here's a link if you want to know more about it. Good vibes everyone!
 https://my.electroneum.com/join/2835EE   

[FrankNoland]

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

That sounds like a good plan but I don't think you will be able to achieve it. For how long are you willing to hold?, that sounds like a thousand years, to reach 1000X profit. But anyway good luck, I would advice you to buy when the value is high and sell when its low. You will quick make profit and thank me later.

[Simss]

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

I think your speculation about hold is true, but if I see you keep talking about very high profits like 100% or more, and I have not experienced it here. so can you convince me that it will really happen?

[Yuhee]

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

I think your speculation about hold is true, but if I see you keep talking about very high profits like 100% or more, and I have not experienced it here. so can you convince me that it will really happen?

I think is a common strategy for beginners but its up to you. Along the way you will discover changes and other indirect profit that you really could have. Plus the projectile in this plan is in a long term like really years and there will come a time where you will think you will spend money and add money to something you think that will add to the profit.

[sana54210]

For someone who doesn’t really have much trading knowledge and want to play safe, it is a perfect idea and plan. However, this is for someone who really wants to hodl for a very long term and doesn’t intend to take advantage of the daily movement of the currencies.

If you feel you cannot take much risk more than this, I see no reason why you should not stick to this. However, you should consider the fact that the price may not really increase for long and may even reduce or even get strapped out.

[Shutup]

The question is when to sell of course. Because eventually you do have to sell something to realize any profits. My strategy is outlined below, let me know what you think and feel free to share yours. Mine has not been tested as I'm still fairly new to trading and should not be taken as investment advice.
First and foremost, i only invest with money i can afford to lose and only into projects i have throughly researched.  What I plan to do is buy  and hodl until the price is 2X. Then sell half, essentially giving me back my initial investment, anything I sell afterward is pure profit.
I hodl again until  the price reaches 10X. Then sell 20%, giving me a 100% return on my investment again. This would be my first actual profit. I hodl again until the price reaches 100X. Then sell 20% again, giving me a 800% return on my investment.
 I hodl again until the price reaches 1000X. Then sell half my remaining balance, giving me a 1600% return on my investment
. At this point I would still retain 16% of my original balance and have recieved a 169X return overall on my investment. Obviously I would have to get in early on a coin/asset and still then wait years potentially to see the returns I want. I'd have my stop loss set at 75% of the orginal price until my first selling at 2X and 50% of the original price there after.

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

Im not good in trading yet but I want to learn more to have more profit.Im just earning on my salaries on this job.I'll hold my salary if I dont need it.But if I need it I have to sell it but atleast I have bitcoin to sold anytime I need.

[Stedsm]

So that's my plan, how's it sound? Obviously I could hodl for the 1000X the entire time, but I feel this is a nice way to lock in some profit early while still holding for the long haul.

Desire is the only thing that could make you hold or sell your coins. If you tend to make 1000x profit over an investment, you need extreme patience because it may take years to accomplish your goal of having something reached 1000x. Are you inclined towards just one single thing that you feel, may do a 1000x? Or are you interested in doing this like changing your investments every time you reach x times your profit goals? Because both may be risky as well as different returns would be there, but changing investment is a better option than sticking with something which may get outdated with time.

[omonuyak]

I have no basic percentage of profit before sell my coins I do follow signal from candlestick indicators to know if I should sell or hold and this has been working for me to some degree of success. I do always load the coins I have invested on, some time every week or days and see if the candlestick has signal me to sell or holding ,  once I see pin bar or bearish morning star I have no any other options but to sell off the coins.

[capoeira]

the "I take my initial investment out, everything now is profit" aproach is actualy more common for HYIPs, where you never know when you will have a 100% loss. In finance world it's more commom to move the stoploss to breakeven > everything now is profit