How do you manage your profits in trading?

[otundebis]

In trading cryptocurrency,  you have to make your own mistakes,  gather your  own experience and profit and ultimately device your own unique method of trading . There is nothing you want to learn that is not available,  just keep an open mind.

[1714985711]

1714985711

[Jokerrrrrr]

Most people after getting profit lost their stability in excitement and will lost it all by panic buying and selling
Don't make your decision in hurry , if you get profit then start investing again but remember invest wisely don't forget your strategies in emotions
Also sometimes we did mistakes but got profit by luck, so in this situation try to overcome your mistakes, luck will not work everytime
Learn from experience everytime,be patience and continuesly improve yourself, don't forget your strategy,invest wisely
I hope it will be helpful for you
Keep working keep growing

[mikyadel]

in depends on your trading style , some people like to preserve their profits by buying USDT pairs , others like to wait and buy the same coin again once a correction occurs . Personally, i just take the net profits and put it in another coin and my main capital of certain coin i buy again once it's low . that way i'm diversify my portfolio plus increasing its value.

[CryptoIyke]

Taking profit should be the habit of any trader, you may decide to reinvest it and keep growing it to a desired capital or withdraw as you sell, it all depends on choice and purpose

[sublime5447]

Not too difficult to manage your trade. You can plan to take profit of your trades, if you earned the profit you can manage them by buying a few coins that will give you greater benefits. Because not all coins give big profits, you can use coins with small profits but sells a lot so these small profits will be bigger for you.

[Genosx]

I always make a lots of plans that I can be use as a guideline for the future decisions that I will have to make.
Through this I can be able to utilize all profits that I have to make it more valuable in future. Being smart in investing money is a great thing for our future lives.

[TheGreatPython]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

No need to have an expert advise because this is just really a basic thing.Come to understand that buybacks wont really be worth anytime.Just take the profits and move on which you should not tend to buy again if the price goes low because not all coins will significantly rise its price unless if you do see high liquidity or volume then doing these shortings would really be possible but wont really be that easy for sure.

I wonder what he was even trying to get at with his question as he already answered himself even with the first question he asked about it being advisable. It is definitely the way to go, you buy when you everyone is selling and the market has shown some real bottom after some downtrend with the possibilities of recovering and then with that you are able to look forward to selling the peak when everyone is busy FOMOing.

Your profit is there to increase what you have in the long run, and the thing here is that as long as you consider money management in whatever you do, you will always be good.

[cancoinl2]

Here are some useful things: an article mentioning 5 additional strategies (https://howtotoken.com/for-traders/5-strategies-make-profits-times-crypto-market-turbulence/), a guide from Crypto Hustle (https://cryptohustle.com/7-steps-to-manage-risk-when-trading-crypto). I can also add that it's extremely important to trade safely. If the service you use has all levels of security (like CEX), then everything should be okay.

[forexhercules]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

no one can satisfy you with an answer. everyone has his own way.

I pick coins rated well.

I buy 100
then 500
then 5000
then 50000
and so on. with this strategy you can make good amount of btc with single move from the coin.

LET THE PRICE COME TO YOU BECAUSE IT IS A GAME OF PATIENCE.

[rose9696]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

The most important thing is that you need to control your greed. If you can not master it, you will lose a lot of unworthy things. When you start investing, you should set a profit target for the portfolio you have invested. For example, if you invest in the $ 500 EOS, you need to set a profit of $ 700 and when the EOS value reaches that level, sell it quickly.

[Jaci]

I am a professional cryptocurrency and Forex trader. I am always calculate my profit monthly basis. I am always buy cryptocurrency token follow by market price. This is my strategy that is I just buy those coin which is under $1 because under one dollar coin is very profitable for making profit. If I lost in my trading after one week later I want to recover my loss in this way I make some profit in my trading.

[Stolivie]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

What you just said here is quite confusing – when we sell high, are we supposed to buy so that our profit don’t depreciate. What does that even mean? The rules are simple, just buy at a low price and sell when the price is high so that you will make profit. Then you also wait for it to drop down again and when it does, you also repeat the same strategy to make profit when next the price rises.

[fabrizoc]

In trading cryptocurrency,  you have to make your own mistakes,  gather your  own experience and profit and ultimately device your own unique method of trading . There is nothing you want to learn that is not available,  just keep an open mind.

I usually take out most of my cash and put it on my bank account so I am not someone who should be giving advice about bitcoin or anything remotely similar however I usually keep some of my coins intact and not withdraw that and I can talk about that.

First of all I usually keep certain amount in my portfolio every month, this means I cashed out during 20k levels and profited a lot while I cashed out at when it was 900 dollars as well which means I lost a lot too, however I also kept some at 900 which means I profited while I kept some at 20k which means I lost some. If you constantly invest, you will be profiting on the long term, do not go all in at once, think of it as installments.

[deisik]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

no one can satisfy you with an answer. everyone has his own way.

I pick coins rated well.

I buy 100
then 500
then 5000
then 50000
and so on. with this strategy you can make good amount of btc with single move from the coin.

LET THE PRICE COME TO YOU BECAUSE IT IS A GAME OF PATIENCE.

In gambling, it is called martingale

In trading, it is called averaging down, and just like with gambling you are not guaranteed to succeed with this strategy. How come? The answer is simple. You don't know where the true bottom is, and by employing this strategy you confirm that since otherwise you would just wait patiently (as you yourself say) till the price reached there. It is a game of patience after all, isn't it? So why not wait till then? But as you don't know where the true bottom is or will be, there can be no bottom, and no amount of patience will help you then. It is unlikely to happen with Bitcoin but the problem still persists - you have to make trades, and you may nevertheless end up running out of money in the end with prices going lower and lower until you have nothing to dance on, thereby leaving you with all your losses accumulated. In short, this approach works, sometimes, but when it doesn't you are ruined

[cunguks]

Making profit is about managing the strategy. We should continue on what we're doing. We can't stop after getting some profit. We need to make a trade, because by doing nothing, that means we would get nothing as well. We could earn little by little from those profit by making some additional token for our portfolio. That's how trading works. We couldn't wait for only a coin to be in the dip state again after reaching its peak. That would be difficult since we don't know the time.

[cryptoalfs76]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

Actualy first of all, im not an expert when in terms of trading,but being also have an experience about trading i have a small learning of how to manage my profits in terms   of trading and  the only things i can do are to follow the basic step of fundamental statistic on cryptocurrency investment trading by doing buy low and sell high with have on analysis and strategy by sometimes you must going to the flow of the crypto market.

[Timmzzy]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

All this depends on how your trading style goes, if you are good enough on TA ( technical analysis)  and with a good FA (fundamental analysis) you buy when price has dip and sell when it has moon to your desired point. You don't have to buy back at that same position because it might drop down on you. Like I said with a good analysis you will make it good.

[CryptoCoinArbitrage]

Taking profit is a must in trading according to your trading plan. You have to define it prior to trading what is your
profit target. When it is achieved you have to execute, otherwise you are a gambler not a trader. The profit you
can reinvest into other coins,  or turn it into Fiat or Tether and waiting for next trading opportunities.

[Brama Jasa]

I know it's advisable to buy low and sell your coin at a higher price. What I don't understand is that when you sell high, do you suppose to buy so that your profit will not depreciate when the price is going low? I need an expert to clarify me, Thanks.

buying at a cheap price and selling at a high price is indeed the way to benefit from trading but can prices always be like that? the thing that I experienced during trading every day we can analyze when (the moment) to start trading, but I traded in my country, during the day the market started to fall a little and at that time I started to buy some crypto coins, and at night a lot of trading and prices will go up that's the right time to sell, don't wait to get big profits to selling coins, set the profits you get every day, don't be too selfish to get high profits, because not every day you get a profit

[apityeh71]

All trading strategy nothing perfect and all analysis can be wrong and make loss money,  and that why we should be reduce that risk by use stop loss whenever we bought any crypto.  And when we are in profit it is better to keep it in to fiat.