How Do You Secure Your profits?

[lil_jb]

Best way when the market corrects is to convert it into fiat , then buy back in at the bottom .

[1714694095]

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[SmokerFace]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

My trading strategy to secure my profits are when i got 50% profit from one coin i will convert my capital to that coin into BTC or Fiat and i will leave my 50% profit and let it take more profit so even it will dump again i will not lose btc, Example i buyed 1000THC worth 0.02Btc from the price of 2000sats so if THC reaches 3000sats i will take my capital and leave my profits then i will trade the remaining profits in day trading.

[Hirameki]

I secure my profits earned by doing trading and bounties by, saving it instead, keeping it somewhere i wont use it fora long time or by investing it on bitcoin when the status is good for buying. We all have kinds of ways to save it, some buys high value item so that they can always sell it at a higher price to. Some put it in their banks. Coins account. Etc. You can always have your own way.

[Bonsaiav]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

I will reinvest those profits by 50%, 60% to 70% are all dependent on the fluctuations that occur. When the decline occurs on the crypto i have, I will invest about 70% and the rest i exchange with fiat money for the daily needs of my family.

[sumanto]

What are all your methods? you use to secure profits from your crypto? when markets are green and you take profits with you before the market goes down

my method to make a profit is just by looking at when we buy because when we buy it is seen what we will get loss or profit, when you buy at low price or coin is red color is definitely when your green gain because I have principle when green not to buy but to sell.

[howlong358]

I will secure my profits by buying a real property like House and Lot, where the price will eventually goes up every year.

[otunayode]

The basic thing any trader should would be to set the entry and exit price before trade commence. Market situation can make even the professional trader make some silly mistake. But once you are clear about your trade you should be okay. I take profit in bitcoin.
 

[DanielRR1997]

I always follow these two rules so as not to lose a lot of money:

1- The more money there is in the account, the easier it is to trade. If you lose $10 when you have $1,000 in your account, you will not be particularly upset and will continue as planned. But if there is only $50 in your account, this could be unsettling and lead to mistakes and loss of the entire account. Not to mention the fact that in the first case there are 100 attempts to correct the situation, and in the second - only 4. It's simple arithmetic

2-Determine your maximum losses per day. For example, 15% of your capital. Once you reach the limit, stop trading no matter how "tasty" the situation on the market seems. Even if you think you see the trade of the century! Such premonitions are really mirages.

[Rhaiyah]

I have a simple way to secure my profits, 50 percent of my profit I invest in Bitcoin and the 50 percent  convert to fiat for the daily needed. But sometimes the 70% of my profit I save to build my own house.

[Pasnik]

I have a simple way to secure my profits, 50 percent of my profit I invest in Bitcoin and the 50 percent  convert to fiat for the daily needed. But sometimes the 70% of my profit I save to build my own house.

That's good decisions you have, I also secured my profits from crypto I cashout half of it. Being wise in investing our money is good and also we needs funds to suppport our needs. Also, spreading to a legit investment to secure profits is very a wiser decisions.

[lucian999]

I think in my way I just need to double remember to make a big deal in crypto so I just do the altcoins that I hold now I just hold it.

[xxlouisxx]

My experiences about trading is selling when I reach my target because if you wait too much you may come back to your buy poin.  I personally prefer to cash the profit out and remain trade with the first capital. Thats not completely true if you ask me. I mean investments are very risky and they could be subjected to the terms of trade. What happens if you end up loosing all the re-investtment in the first place

[bitcoinFPT]

Securing profit is nice, but how ? I secure my profit by holding sometimes but when price drops you cant say that it is secured enough . I put some on my bank so that even if the price goes down i have a saving that whatever the price is it remains as is .

I have a business rule for me that when the profit reaches 40% I will withdraw half of the interest deposited into the personal account, the rest I left the coin and repeat the same process, with this way I secure my profit .It's hard to know when the market is going up and down, so when I reach the profit target I will sell the coin and I am completely satisfied with this.

[inskraer]

I fix profit and I remove one's profit at once. I monitor for market and I leave a part USTD for investment to new token

[QB Horse]

Watch news and social networks for positive/negative market sentiment.
When price is low and market sentiment is negative, it's time to buy, when price is high and market sentiment is positive, it's time to sell!
Simple as that!

[BobBct]

It really depends what type of profit is it because if it's BTC and have alot of it i would keep in in a very secure place that i know that i am the only one that can open it like ledger.

[tanghere02]

It depends because I used to take my capital if my profits would double up from the amount I bought the coin in but now I usually buy other coins that have the potential to grow big like those new ICO coins; of course I gather information first before buying these new coins or tokens and sometimes if I need the money I would withdraw then to my own local currency site.

[dmamigo]

I set my own profit percentage or profit standards, on which I close/sell my holdings, once I reach that target. If it falls I hold, if it continues I rather tranform or trade it for other alts, not all but around 50% of my holding of the coin.

Greed is natural, over greed is deadly, so curbing it will probably help everyone secure profits, may be less may be more but it will be profit. Not always but often.

[s31joemhar]

I secure my profit by putting it in investment since even though I do nothing the money still working for me and I will accumulate more income which is very favourable to my party.

[jerry0]

The big question is this.  Do you guys immediately sell your altcoins for btc and then immediately sell it to usdt or usd, that way you secure a usd profit?  Because you could buy an altcoin for 1 dollar and sell it for 1.10 dollars.  But when you sell it for btc... then btc drop more than 10 percent, well if you convert that to usd or usdt, you have no profit anymore because you bought/sold btc at a higher percent loss than the altcoin.  The issue with selling the altcoin for btc and then immediately to usdt would be, well you have to pay an additional fee to convert it.  However, the fee is either 0.25 percent or 0.10 percent so its worth it right?