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Author Topic: What are your rules for profit taking  (Read 1415 times)
Rj Manik
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August 29, 2018, 07:01:57 PM
 #141

There isn't any kind of guidelines within revenue getting simply because just about all earnings or even revenue getting provide your personal choice that is really democratic or even readily method and never reliant in order to other people.
Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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August 29, 2018, 08:13:11 PM
 #142

For profit taking my strategy is half half if i have 1000 $ i always do if i buy a token 50% of my investment or 500 $ for buy and 50% too for sell 500 $

Yes I agree with your strategy using full amount in investing will not give any profit continuously using half amount for investment and remaining for next investment will always be very correct idea to get profit properly .

Finestream
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August 29, 2018, 10:52:38 PM
 #143

maybe the rules that I do are the same as the others, that is I buy when the price is low then sell when the price is high, if the market is bad then I will hold it so that I will avoid losses and I can still get profit
Yes.That's the most basic rule in profit taking.As much as i can,i do not sell when the market is in dump and just wait for the market to pump again.But sometimes,emergency cases became inevitable so i sell a fraction of my coins and the rest are left for long term holding.

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August 29, 2018, 11:17:16 PM
 #144

There isn't any kind of guidelines within revenue getting simply because just about all earnings or even revenue getting provide your personal choice that is really democratic or even readily method and never reliant in order to other people.
Getting back in this market is quite easy as the market is recovering. Investors can trade short term in this period to quickly recover capital and profit and limit risk to their capital. I believe that investment plans are essential if you want to succeed in this phase.

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September 01, 2018, 05:47:45 PM
 #145

Actually I wish I never saw the need to sell any fraction of the bitcoins that I have accumulated so far, but because I decided for some time ago to dump all my finances in the crypto economy, and at this time it is difficult to cover my daily expenses in my country using bitcoins, eventually I see myself in need of exchanging bitcoin for cash.

But I always try to make every month my total bitcoin balance is greater than I had at the beginning of the month. And I do not like to trade the bitcoin directly, rather I speculate with other cryptocurrencies so that, once they increase in value at least 100%, sell them to convert them into bitcoins.
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September 01, 2018, 08:14:42 PM
 #146

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
I am looking for coins in dip and buy in strong support or in bullish divergence and sell 10%-20% profit only, this is my trading strategy because it is only for short term

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September 01, 2018, 10:21:02 PM
 #147

It all depends on the specific situation. There is a time and coins on which you can earn only 5%, and there is time and coins on which you can earn 70%. Therefore, there are no universal calculations. The basic rule that I follow is to buy cheaper to sell more expensive.
Crypto currency I sell the way it is most profitable. For example, sometimes bitcoin is profitable to sell to USD, and sometimes to USDT. There are also situations when it is more profitable to sell bitcoin to altcoins, and later sell altcoins for bitcoin and get excellent profits at the same time.
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September 01, 2018, 11:18:56 PM
 #148

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
I am looking for coins in dip and buy in strong support or in bullish divergence and sell 10%-20% profit only, this is my trading strategy because it is only for short term
I look for coins that are worth less than ICOs and buy in, I also study very carefully before deciding to invest. I believe that the market is recovering and this is a very good opportunity for investors to choose for themselves good coins with cheap price as today.
rodel caling
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September 01, 2018, 11:54:21 PM
 #149

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat


Withdraw my funds into fiat money or depends  of my needs sometimes i use it to pay derictly into bills payment using online transactions.

In terms of trading my strategy i use bitcoin to buy altcoins and resell altcoins into bitcoin conversion again and this is a vice versa strategy, i didn't use usdt for my trading job it's because i feel safe using bitcoin into altcoins.
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September 02, 2018, 01:01:47 AM
 #150

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat


I don't set rules for it but I rather set goals. Once I have invested something I'll make sure to sell it when the prices are high. Knowledge about the right time of selling and buying is always an edge and an advantage.

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September 02, 2018, 01:13:43 AM
 #151

I prefer shorter term traders and low percentage price change
in other words scalping trading method. I would sell if price pumps
+3%.
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September 02, 2018, 01:15:13 AM
 #152

My rules are pretty straightforward. In Trading, there must not be signs of greediness. Once I notice my trades are on profit, I take away my profit and wait for the dip. This is something I do regularly and from time to time
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September 02, 2018, 03:16:53 AM
 #153

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
there are no specific rules that I do to make a profit, usually if I want to withdraw funds, first look at the financial situation
depending on the situation of the financial condition that I have, if there really is a very urgent need usually first I can convert the coins I have into local currency available on the exchange market exchange to make it easier to withdraw the money that has been converted to the account that I have.
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September 02, 2018, 03:37:38 AM
 #154

When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat


I don't set rules for it but I rather set goals. Once I have invested something I'll make sure to sell it when the prices are high. Knowledge about the right time of selling and buying is always an edge and an advantage.

Even you may have to set rules but the thing is you dont have any disciplne for your self on there is no sense of t , setting some goals are really important too yet you may also have to learn by your self how are you able to be disciplnary person.

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September 04, 2018, 12:04:56 PM
 #155

I prefer to hold because I think it is quite safe and I don’t have much time. Everyone has different rules or strategies for profit taking. My risk taking abilities are not good so I often end up liquidating my investments after a considerable increase in the price because if fear that the price might start falling. So its better to have something than losing, although many times the price doubled and even tripled.
giletto
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September 04, 2018, 12:09:34 PM
 #156

I don't have clear and stable rules to make a profit. It depends on the situation and the market situation.
But most of me usually sell when I get 5-15% profit and cut loss if it loses more than 15%. This market is always profitable if you invest in time. So don't hesitate to cut losses when you lose more than 15%


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September 04, 2018, 01:33:40 PM
 #157

in trading, perhaps the most important rule is that we have to know the right time to buy and sell, which is to buy at a low price then hold and sell when the price is high, then we will get profit
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September 04, 2018, 01:57:30 PM
 #158

I prefer to hold because I think it is quite safe and I don’t have much time. Everyone has different rules or strategies for profit taking. My risk taking abilities are not good so I often end up liquidating my investments after a considerable increase in the price because if fear that the price might start falling. So its better to have something than losing, although many times the price doubled and even tripled.

were on the same boat mate because im also scared to do trade and risk what i already have . instead id rather stay on my comfort zone (which is hodling)  .  i guess that is the number one rule that i always follow .

in trading, perhaps the most important rule is that we have to know the right time to buy and sell, which is to buy at a low price then hold and sell when the price is high, then we will get profit

yes i agree .  that is also the most popular rule that everyone is following when it come to trading and investing . however in some rare cases , there are people who still buy even the value of the coin is not low and they ended up selling it for a low price due to panicking . so it result for huge looses .
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September 05, 2018, 12:58:34 PM
 #159

Now the market is moving towards stockpiling. more precisely in the long-term forward-looking profit. I buy ether, waves, neo, ripple, helbiz. These are the princes that I believe will rise in the future. If the market gets a little moving, what I'm saying is going to be black.
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September 05, 2018, 01:06:38 PM
 #160

I rely on two main criteria - levels and math. When I rely on levels, I look at the levels that price may gain on different timeframes. As for math, I calculate 2R, 3R etc meaning my risk level is multiplied by 2 or more.
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