What are your rules for profit taking

[Beparanf]

All I can suggest is that Nobody has ever lost money from taking profits. But if you are in it for the long haul there is no point in watching the markets. You should believe in your own judgment of your investment.

Take profit when we think that project will took more years before it will pump. Better use in some projects that have more growth. Buy back is possible anyway but if you think that coin will never less in value again better hold it.

[criptouser]

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 think that 20% will not be, as the USDT project is not designed for such promotions. it is excluded

[Xising]

I prefer to just hold. The thing is if you stocked up on btc and then started selling a bit regularly, you are betting that the price would drop much lower than what you bought your original stash for. I find it difficult to time with our local exchange because of the spread. It's about $200.

I agree. I think holding is a good strategy to (1) check what's happening around the market, (2) decide when it's actually a good time to sell out for profit, and (3) achieve the profit margin you're eyeing. However, I think that you have to vary your strategy to how the market is doing with consideration on the asset that you're doing business with. I mean, if you would try to set a very high profit margin while the market is down, then it would take you a very long time to realize that, you have to also accept that there are some adjustments that you need to do because getting little profit is always better than getting no profit at all.

[Vaculin]

Some days it just takes courage to take the profit. You can always invest back in when the time is right. Patience! Accumulated % of profits. If in for the long term ....don't look at the markets everyday as that will just absorb valuable energy and focus.

Yes.Just wait for the perfect time.Do not keep on monitoring the market because it will only make you depressed in the end.I make good profit bt buying low and sell high strategy,but the market right now is really down so i should be more patient to wait for a good price increase to sell my coins.

[rose9696]

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

The theory is very easy to say but making it very difficult. The most important thing in this strategy is to choose good altcoin to invest. If you make a mistake, all plans will go in the wrong direction. but no altcoin can be increased up to 50% in a short time, which is very rare. You should aim low profits again.

[wahyu wida]

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

The theory is very easy to say but making it very difficult. The most important thing in this strategy is to choose good altcoin to invest. If you make a mistake, all plans will go in the wrong direction. but no altcoin can be increased up to 50% in a short time, which is very rare. You should aim low profits again.

of course strategy will be different for each person, but in my opinion the important thing is that we have to secure investment funds, by withdrawing some of planned targets. so that psychology will remain stable

[upsidedown75]

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

After a 50% increase and there is every chance that there is going to be a dip, I will sell everything and wait for it to drop to that very low amount, then I will come back for a cheaper price with about 20% or so of the money I have before (the percentage I choose depends on how much I have).

Also I just found out that many started going for TUSD instead of USDT… So I might stop making use of USDT. You can research both online and see the difference.

[Yaunfitda]

Some days it just takes courage to take the profit. You can always invest back in when the time is right. Patience! Accumulated % of profits. If in for the long term ....don't look at the markets everyday as that will just absorb valuable energy and focus.

Yes.Just wait for the perfect time.Do not keep on monitoring the market because it will only make you depressed in the end.I make good profit bt buying low and sell high strategy,but the market right now is really down so i should be more patient to wait for a good price increase to sell my coins.

I also believed that timing should be perfect whatever the sentiments of the market is(bearish/bullish). Time=money as I have been telling others. So from time to time you have to check the price and it you see that you're making a good ROI then its time to get out and cash everything and look for the next successful (shit)coins.

[katuhakuh]

Of course for my personal. If I think it's good for sale, I see luck, I'll sell it. The best rule for guidance is to sell coins when the price is high.

[wuvdoll]

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

After a 50% increase and there is every chance that there is going to be a dip, I will sell everything and wait for it to drop to that very low amount, then I will come back for a cheaper price with about 20% or so of the money I have before (the percentage I choose depends on how much I have).

Also I just found out that many started going for TUSD instead of USDT… So I might stop making use of USDT. You can research both online and see the difference.

But, I usually just leave a certain amount behind and just cash out when the amount seems big enough for me. The amount changes for everyone, 1000 dollars would be huge for me whereas it could be very little for you but the idea stays the same for everyone. If you are investing into something with money you deem fit and the price gets too high than you should sell.

I also try to trade 5% system as well where you buy something and than when it goes up 5% you sell it, I even put a sell order just in case if I am not there when it hits. I have missed a lot of much more profits this way but I also rarely lost money while trading.

[KingdomHearts]

Some days it just takes courage to take the profit. You can always invest back in when the time is right. Patience! Accumulated % of profits. If in for the long term ....don't look at the markets everyday as that will just absorb valuable energy and focus.

Making profit through trading is not easy because it has some rules and procedure that you must have to focus on for you want to make profit. Once you are done by getting knowledge of trading then you will find ways towards profit easily because it is all your knowledge which is helping you out in getting it. Buy coins on low price as it will consume low starting amount and later on after selling it you will have maximum profit.