Your strategy in taking profit

[ropyu1978]

what about you guys who want to make enough to trade for a living but dont need that much profit a year to do so?  Imagine thirty thousand usd for example.

If you have million dollars as capital then you can make 30K in a year easily but if you have 1000 dollars as capital then its nearly impossible to make the amount you expecting.

that is not true, yeah by investing 1000 dollars there is no way to actually reach that point. i mean 300% up is really rare nowadays. but if you can get stable or rather really good profit as the time going, you will reach that point. unless you are gambling to some new altcoins to actually make that money which is really difficult at this time.

Not guarantee higher amount for investing will give profit always because strategy how to choose and invest which coin do you want will give profit much for you. Depend with how trusted with coin do you want to buy because many new coin never get good moment when listing on exchange market for long time and always worth value several days after listing, after coin reaching with lower price never back again to higher price any more and you have to sell with lower price or waiting forever to see your assets could touch on higher price anymore.

[Emitdama]

My own strategy is that there is no danger in taking small profit along the line when the market is moving in my favour. Greedy always tends to be harmful in any market situation.

That is true and while I sometimes wait for the price to get even higher but that is when I have a good reason to back up my gut feeling. Specially with altcoins like when UNI came to Binance it went from $4 to around $7-8 in a few days and I actually benefited as I bought UNI at a cheaper price and then just waited because I knew such a good project will at least rise once and I sold them around the $6 mark which gave me decent profits. One drawback though was that we cannot trade UNI in decimals so that meant I still have like 0.8 UNI in balance and there is no way to sell them unless I buy 1.2 UNI and then sell them as 2 .

I like the idea of selling the coins at a small profit but if you see there is a chance the rate might go a lot more steeper than you think then just wait out because small profit is nice but having bigger profits is even better and if it starts dropping then just sell it.

[pawanjain]

Taking profit will differ with individual traders; base on period (long term and short term), coin type etc. I dont consider it to early to know the strategy to stay beyond the bull market and rather thrive through the bear.
 
1. What coin are you taking your profit?
 2. If stable coin, When do you plan to shift to it?
 3. What is the strategy to pay tax?
 4. Will your Lambo come before the parabolic market if your acquire certain profit?
 5. If the cycle in the space is really 4-5 years, what is the plan to cater for the long period of bear market?

1. BTC and ETH are my coins for the long run. I did had some more altcoins but eventually sold them all since these 2 best coins are enough to trade.
3. I don't know. My annual income doesn't fall in the taxable bracket yet but I will pay the taxes when it does.
4. Never invested so much that I get a Lambo upon selling all my assets. I only invest that I can afford to lose and I seriously can't afford to lose as much as a lambo.
5. HOLD. This is the best strategy working very well in every situation.

[wxa7115]

what about you guys who want to make enough to trade for a living but dont need that much profit a year to do so?  Imagine thirty thousand usd for example.

If you have million dollars as capital then you can make 30K in a year easily but if you have 1000 dollars as capital then its nearly impossible to make the amount you expecting.

that is not true, yeah by investing 1000 dollars there is no way to actually reach that point. i mean 300% up is really rare nowadays. but if you can get stable or rather really good profit as the time going, you will reach that point. unless you are gambling to some new altcoins to actually make that money which is really difficult at this time.

I think the person above you is correct, the more capital you have and the smaller the percentage that you want the easier is to get it, if you have only 1k and want to get 30k then you need a coin to go up 30x times its current price and the only ones that can do that are altcoins that are not very well known.

This means that anyone dreaming on making their small amount of capital into something bigger needs to take huge risks and that can be very dangerous as you will now need to avoid scammers and lazy developers and try to find a gem or two among all that trash, but if you want to obtain small profits you could simply buy some bitcoin and wait until it gives you the profits you are looking for.

[Danslip]

Taking profit will differ with individual traders; base on period (long term and short term), coin type etc. I dont consider it to early to know the strategy to stay beyond the bull market and rather thrive through the bear.
 
1. What coin are you taking your profit?
 2. If stable coin, When do you plan to shift to it?
 3. What is the strategy to pay tax?
 4. Will your Lambo come before the parabolic market if your acquire certain profit?
 5. If the cycle in the space is really 4-5 years, what is the plan to cater for the long period of bear market?

1) I prefer to trade BTC pairs, answer is BTC.
2) USDC or USDT The both stable coins have the backup. USDT has Bitfinex backup, IIRC.
3) In my country, for tax bank account I send the quarterly reports. Quartery and yearly reports show us how much I owe to government from the trading profit.
4) I don't think so, TBH
5)HODL until the market color tuns out to be green. I can wait for years to be in profit if there is no margin trades.

[dunfida]

what about you guys who want to make enough to trade for a living but dont need that much profit a year to do so?  Imagine thirty thousand usd for example.

If you have million dollars as capital then you can make 30K in a year easily but if you have 1000 dollars as capital then its nearly impossible to make the amount you expecting.

that is not true, yeah by investing 1000 dollars there is no way to actually reach that point. i mean 300% up is really rare nowadays. but if you can get stable or rather really good profit as the time going, you will reach that point. unless you are gambling to some new altcoins to actually make that money which is really difficult at this time.

I think the person above you is correct, the more capital you have and the smaller the percentage that you want the easier is to get it, if you have only 1k and want to get 30k then you need a coin to go up 30x times its current price and the only ones that can do that are altcoins that are not very well known.

This means that anyone dreaming on making their small amount of capital into something bigger needs to take huge risks and that can be very dangerous as you will now need to avoid scammers and lazy developers and try to find a gem or two among all that trash, but if you want to obtain small profits you could simply buy some bitcoin and wait until it gives you the profits you are looking for.

When trading it isnt really just ideal to rush up on making out those goals which are residing on the unrealistic side.Always set goals on where you do saw that it can be reached or achievable basing up
into your own capacity and skills not just on making unrealistic targets because that would really just create some stress which would really result into a problem.Strategy on making profit
will differ into each person some might be the same but some would really different because not all would really just be working for you but not for others.
We do came here on this market for making out profits and its just normal on creating strategies to make yourself feasible and effective rather than engaging
with it without prior knowledge and skills. Everything must be organized and well-planned.

[gwdf1]

Taking profit will differ with individual traders; base on period (long term and short term), coin type etc. I dont consider it to early to know the strategy to stay beyond the bull market and rather thrive through the bear.
 
1. What coin are you taking your profit?
 2. If stable coin, When do you plan to shift to it?
 3. What is the strategy to pay tax?
 4. Will your Lambo come before the parabolic market if your acquire certain profit?
 5. If the cycle in the space is really 4-5 years, what is the plan to cater for the long period of bear market?

1. BTC and ETH are my coins for the long run. I did had some more altcoins but eventually sold them all since these 2 best coins are enough to trade.
3. I don't know. My annual income doesn't fall in the taxable bracket yet but I will pay the taxes when it does.
4. Never invested so much that I get a Lambo upon selling all my assets. I only invest that I can afford to lose and I seriously can't afford to lose as much as a lambo.
5. HOLD. This is the best strategy working very well in every situation.

I understand this policy but an incredibly burning desire to copy and apply other people's crypto trading strategies always overcomes beginners. You cannot indulge this temptation to use someone else's template. The trader must find his personal strategy, and he can do it only if he has a very good crypto knowledge.

[Polo7]

I have the specially way how to get much profit with trading, waiting moment where bitcoin and altcoin get bad news like hack, bad tweet from world economic to buy bitcoin during price is going down. Many investor will sell their assets after get bad news like bitcoin hacked, bitcoin banned as currency transaction payment but I brave my self to buy and invest with bitcoin, after recovery and get good news I will sell my assets of course with higher price and take much profit later, never worry to buy and invest with cryptocurrency during get bad news and sell all your assets after get good or positive news, repeat this way if you wanna get lucky and much profit on cryptocurrency investment.

Yeaa Bad news is Good time to buy!!
Best time

[AakZaki]

I think the person above you is correct, the more capital you have and the smaller the percentage that you want the easier is to get it, if you have only 1k and want to get 30k then you need a coin to go up 30x times its current price and the only ones that can do that are altcoins that are not very well known.

This means that anyone dreaming on making their small amount of capital into something bigger needs to take huge risks and that can be very dangerous as you will now need to avoid scammers and lazy developers and try to find a gem or two among all that trash, but if you want to obtain small profits you could simply buy some bitcoin and wait until it gives you the profits you are looking for.

if you only have 1k capital and want to get a profit of up to 30k then that is too far and of course only a factor of luck if you really get 30x profits. The Defi platform is even currently popular with profits of up to thousands of percent, but has a high risk.

not whether to get small or large profits, but how consistent the profits can be. Many strategies can be done to make a profit.

[bitcoin31]

 

1. What coin are you taking your profit?
 

I'm holding different coins such as ethereum , bitcoin, ripple and etc. I believe that once a trader have a lot of different potential coin a good profit will come to a holder/trader.

2. If stable coin, When do you plan to shift to it?
 

It depends on the situation if I saw the coin there is no improvement happening, but if the coinnare for longterm better if you should hold it.
 

3. What is the strategy to pay tax?

Paying tax is what we are doing everyday because what ever we buy on a store there is a tax from there in the trading for sure they have permit which is very big and every we trade to their trading sites they have a very small fee that they use to pay a tax.

 

4. Will your Lambo come before the parabolic market if your acquire certain profit?

Im using my profit to this kind of car but maybe if the profit is really big maybe I will consider it.
 

5. If the cycle in the space is really 4-5 years, what is the plan to cater for the long period of bear market?

Actually there is no trader if the bullish market happen again because all we do is prediction or possibility to happen in the future and Im happy that I earned money during the bear market.

[Vispilio]

I think the person above you is correct, the more capital you have and the smaller the percentage that you want the easier is to get it, if you have only 1k and want to get 30k then you need a coin to go up 30x times its current price and the only ones that can do that are altcoins that are not very well known.

This means that anyone dreaming on making their small amount of capital into something bigger needs to take huge risks and that can be very dangerous as you will now need to avoid scammers and lazy developers and try to find a gem or two among all that trash, but if you want to obtain small profits you could simply buy some bitcoin and wait until it gives you the profits you are looking for.

There are some good points here; I should add this though, if the goal is to make exponential gains like 40-50x and above with reasonable speed, crypto currency trading is one of the best ways on the planet right now to achieve them,

and yes it's possible.

[Hemady17]

My strategy in taking profits:

1. Maximizing my profits. I always want to maximize my income in trading. However, there are times that I have been burning because there is always a wick candle and a reversal coming next when I did this.

2. I am hearing the news and I react based upon the sentimental analysis. Most of my friends are always react depends on news wherein they don't notice that sometimes the market has reversing strategy. The fact that you joined the fud or fomo, you will become the losser.

3. I used some indicators such as MACD, bollinger bands and rsi to gather chart details of the coin I want to trade.

[cryptoboss2020]

the best way is to wait when good volatility and volume is high and trade with good leverage like 25x-50x its high risk but its worthed if carefully calculated and you make with 1 hour the profit what you do with 1 week just make one good decision its well worthed.

plan like the attacking plan when the time is right then you attack.

with 25x leverage if 200$  goes up 5 %  then 5x25   your profit 125%   your profit 250$ not bad right? but need to be careful thats it.
with high leverage you have your initial investment plus  even bigger profit then your initial inestment.

but for this you need good plan or you might lose

[justdimin]

I think the person above you is correct, the more capital you have and the smaller the percentage that you want the easier is to get it, if you have only 1k and want to get 30k then you need a coin to go up 30x times its current price and the only ones that can do that are altcoins that are not very well known.

This means that anyone dreaming on making their small amount of capital into something bigger needs to take huge risks and that can be very dangerous as you will now need to avoid scammers and lazy developers and try to find a gem or two among all that trash, but if you want to obtain small profits you could simply buy some bitcoin and wait until it gives you the profits you are looking for.

There are some good points here; I should add this though, if the goal is to make exponential gains like 40-50x and above with reasonable speed, crypto currency trading is one of the best ways on the planet right now to achieve them,

and yes it's possible.

True that the profits are huge specially in some Defi projects but then the risk of losing is also high. So it is like a sword you are playing with it and you might achieve something big but also you might die of the same sword in trying to play risky.

I agree though with you 100% that for exponential profits and outrageous gains one has the best chance of gaining that in crypto because I recently saw a coin named as YFI went bonkers and I am not sure how they work but they just went balls within a few days and I wish I invested there.

It is more like a jungle that is not discovered fully and you enter it, you might get something you never thought of but you might also end up losing everything.

[Malamok101]

buy low and sell high is one of my best strategies. but I prefer to use technical analysis for it.i also use proper stop loss at my trade, because without stop loss a coin can dump a lot and i may lost all of my capital or stuck at one coin. also it is very important to do fundamental analysis before taking any trade. I also follow some top trader at tradingview and take knowledge from there chart. in this way I tried to stay risk free at my trade or i take very low risk at per trader.

That's also the point if you do not see always your buy and sell thats the reason you will loss some money. If the price of coins keep dump and you have a order of buying in a mid price of the token it is not worth it.

[Janation]

buy low and sell high is one of my best strategies. but I prefer to use technical analysis for it.i also use proper stop loss at my trade, because without stop loss a coin can dump a lot and i may lost all of my capital or stuck at one coin. also it is very important to do fundamental analysis before taking any trade. I also follow some top trader at tradingview and take knowledge from there chart. in this way I tried to stay risk free at my trade or i take very low risk at per trader.

That's also the point if you do not see always your buy and sell thats the reason you will loss some money. If the price of coins keep dump and you have a order of buying in a mid price of the token it is not worth it.

Though it is not that easy.

You might be able to see some indicators that it will go down or go up but you don't can't actually tell that it will be going in that lane. That is why as long as you've seen a price so low, better take that opportunity to invest or reinvest and hold for a longer period of time since that would be better than always looking at the price chart.

[coiner-88]

I can expect costly things like that limbo or even extravagant devices while we're amidst pandemic year. Bear market truly had influenced me and the remainder of my family, that is the reason I consider the coins I am holding as my potential benefit once most noteworthy skip will start. You can learn specialized examiner at this point, it truly help you to in any case get benefit despite the fact that the bear come. You can pick future market to do that, so your exchanging isn't one bearing.

[Cryptoababe]

These days. It's very hard to make a decision on taking profit because the market is smarter. You might also end up planing your self for taking profit.. But the fact about my Strategy in taking profit is just strictness.. I don't use any of your listed Strategy, I just take profit strictly whenever I feel its right to do so.

[matchi2011]

I can expect costly things like that limbo or even extravagant devices while we're amidst pandemic year. Bear market truly had influenced me and the remainder of my family, that is the reason I consider the coins I am holding as my potential benefit once most noteworthy skip will start. You can learn specialized examiner at this point, it truly help you to in any case get benefit despite the fact that the bear come. You can pick future market to do that, so your exchanging isn't one bearing.

You need to consider this and try learning more deeper, once you familiarized yourself to this type of trading the chance to gained a lot is very possible. It's just needed to realized the big potentials in order to attained your success.

Trading this way will gives you opportunities to predict what future market movements will be, focus with acknowledging every situation and assess what will be the affects before picking your side.

[wxa7115]

I think the person above you is correct, the more capital you have and the smaller the percentage that you want the easier is to get it, if you have only 1k and want to get 30k then you need a coin to go up 30x times its current price and the only ones that can do that are altcoins that are not very well known.

This means that anyone dreaming on making their small amount of capital into something bigger needs to take huge risks and that can be very dangerous as you will now need to avoid scammers and lazy developers and try to find a gem or two among all that trash, but if you want to obtain small profits you could simply buy some bitcoin and wait until it gives you the profits you are looking for.

There are some good points here; I should add this though, if the goal is to make exponential gains like 40-50x and above with reasonable speed, crypto currency trading is one of the best ways on the planet right now to achieve them,

and yes it's possible.

I am not denying the the fact that it is possible to obtain those kind of profits as people have done in the past, the issue is the difficulty of that task and whether or not newbie traders can do so reliably and the answer to that is no, a newbie trader cannot reasonably expect to obtain those kind of huge profits, the only ones that can do that reliably are the ones that truly understand the technology and spend their time reading hundreds of white papers until they find a project that is good and that no one else has noticed and then hold their coins for years.

And such a thing cannot be pulled off by a newbie which for the most part should just stick to bitcoin and even then the chances that they lose all their money are very high.