voyager23 (OP)
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May 06, 2021, 06:11:24 AM |
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We hear it from the best time and time again... "Take profits on the way up" But how do you do that, is there a formula or strategy to do this. I have a goal in mind, and when I hit that number I said I would take All profits out and leave the rest in. Let's say for the sake of ease one coin is 100% and it's £1000 profit... All in all £2000 in that project. Let's say my target is £2000 profit or 200%. We are 4 months away from the date most people seem to think the bull run might end (though 2020/2021 is no normal year with corona). Should I take 20% of profits now, and then see if it dips back and if it does spend that £200 buying back more of the same coin, or just simply bank that £200? Or just take 20% / £200 of the £1000 current profit (or whatever) and bank it 'safe'. Like ADA for example, I have noticed that when it peaks, it trundles on top for a while then will drop to usually a higher low, which is good, but I missed an opportunity to buy back more coins or simply take advantage of a pump. Hopefully you are still with me
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Gayong88
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May 06, 2021, 07:52:42 AM |
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I myself see that the current market situation is very volatile and I am invited to think. For conditions like this, I only apply the pattern to always buy at the lowest price and sell at a price that is considered reasonable.
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Febo
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May 06, 2021, 03:55:20 PM |
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We hear it from the best time and time again... "Take profits on the way up" But how do you do that, is there a formula or strategy to do this.
Yes. Sell 10% every time price doubles and buy 10% more every time price halve. This way you will never miss the moon and also you will never stay empty handed with full bags of worthless coins. It is perfect strategy to trade shitcoins.
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oemar bakrie
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PredX - AI-Powered Prediction Market
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May 06, 2021, 05:35:06 PM |
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withhold initial capital even though it is very difficult to predict how the movement of our assets. and don't get the wrong prediction take a little profit but every time and save the profit ..
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hamba laeh
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ARTEMIS
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May 06, 2021, 07:06:55 PM |
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Every seller must have a profit target. and we must be consistent with the targets we have set. because many people experience losses just because they are not consistent with the targets they have made. just because they want to seek higher profits, but in the end they lose instead of profit because of fluctuating market prices.little by little but have certainty with consistent application of targets.
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ARTEMIS ∞ Website • Twitter • Telegram • YouTubeArtemis it’s a groundbreaking vision for creating a dynamic marketplace where vendors and sellers ▁▂▃▄▅▆▇ as well as service seekers and service providers, converge ▇▆▅ ▄▃▂▁♦ SECURE PLATFORM FOR GLOBAL TRADE ♦
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DaMut
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May 06, 2021, 07:20:09 PM |
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The strategy can be varied, it depends on financial capability and capital. if I were you when the price is up for 100% I would take 20% of it for back up in case any dip happens, I do this because I am expecting the bull run to happen 4 months away from now as you described above. in bull market, 100% or 200% is nothing because everything can go up for at least 500% if we are comparing it with the previous bull run.
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oscarftw
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May 06, 2021, 08:59:22 PM |
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We hear it from the best time and time again... "Take profits on the way up" But how do you do that, is there a formula or strategy to do this. I have a goal in mind, and when I hit that number I said I would take All profits out and leave the rest in. Let's say for the sake of ease one coin is 100% and it's £1000 profit... All in all £2000 in that project. Let's say my target is £2000 profit or 200%. We are 4 months away from the date most people seem to think the bull run might end (though 2020/2021 is no normal year with corona). Should I take 20% of profits now, and then see if it dips back and if it does spend that £200 buying back more of the same coin, or just simply bank that £200? Or just take 20% / £200 of the £1000 current profit (or whatever) and bank it 'safe'. Like ADA for example, I have noticed that when it peaks, it trundles on top for a while then will drop to usually a higher low, which is good, but I missed an opportunity to buy back more coins or simply take advantage of a pump. Hopefully you are still with me Wow, you were given the name (profit taking strategy) on trade. Your question can be simple: " should I trade or sell some tokens after every pump? Actually, it's up to you. where do you have better knowledge? I do both of them and also a hard holder. Because the situation is always very on the types of altcoins.
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Princeofpoetry
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May 06, 2021, 09:47:34 PM |
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It is very difficult to predict the price will go up again, I chose the safe way. if I have received 100% profit then I will look for other coins that have not been pumped. or by trading short term top coins. everything depends on market conditions, I do not dare to buy when the price is already pumped
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BitTraderCute
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May 06, 2021, 10:27:33 PM |
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It is very difficult to predict the price will go up again, I chose the safe way. if I have received 100% profit then I will look for other coins that have not been pumped. or by trading short term top coins. everything depends on market conditions, I do not dare to buy when the price is already pumped
i do same strategy with you and my balance now growth multiple times. buy and sell was easiest strategy for us , and we could take profit or rebuy when price corrected. there are alot altcoin in market and we should not worry with opportunity there, if we patience i am confidence we will find best position to enter market and gain maximum profit.
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kevindjunaidi
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May 06, 2021, 10:33:38 PM |
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I myself see that the current market situation is very volatile and I am invited to think. For conditions like this, I only apply the pattern to always buy at the lowest price and sell at a price that is considered reasonable.
I agree with you, because we don't know when the market will be corrected again, so I always sell when the price has increased by at least 25% and put a stop loss at 10% profit, so when the market goes down, then of course I already make a profit, but when the price of altcoin that I invested go down before I make a profit, then of course I will definitely buy more and hold until the price increases again.
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Papsie
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May 06, 2021, 10:41:49 PM |
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Me personally, I started with scalp trading with only $200 on myetherwallet. I transfered it to binance and that is when I started to make some small profits every day. Actually I did it just to gain some experience in trading because I don't want to fully entet trading without any knowledge and enough knowledge at all. I can say that I started trading with good results cause I am able to gain profits and I did scalping very effective. Now my $200 is already a 5 digits amount. From scalp trading to long term trading.
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goaldigger
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May 06, 2021, 10:46:02 PM |
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Every seller must have a profit target. and we must be consistent with the targets we have set. because many people experience losses just because they are not consistent with the targets they have made. just because they want to seek higher profits, but in the end they lose instead of profit because of fluctuating market prices.little by little but have certainty with consistent application of targets.
Always have your target price and don’t be greedy anymore if your holdings already reach it and take profit always because you can’t tell if the market will still go up or not. Most of us here already have good profit on taking profit and cutting losses, newbies have to create this fundamentally so they don’t lose much money in trading, always secure a good profit.
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TheUltraElite
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So anyway, I applied as a merit source :)
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May 07, 2021, 05:41:26 AM |
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Like ADA for example, I have noticed that when it peaks, it trundles on top for a while then will drop to usually a higher low, which is good, but I missed an opportunity to buy back more coins or simply take advantage of a pump. If the hypothetical coin that you predict about is ADA then I would cash out at the chance. ADA and other coins that were pumped by a notorious youtuber called Suppoman (Supposcammer, if you please) are a part of a pump and dump group due to the following of this youtuber. He was previously banned and is now back promoting some paid coins. In general if you ever see >20% profits on any altcoin, sell it. For bitcoin a 20% gain is a huge amount because the base price of bitcoin is much higher than any altcoin compared, so you wont see 20% gains in bitcoin or close very soon, but a 5% gain there is quite equivalent. In case you have faith in the coin to go even up, you are free to hold the coin. But trust me, holding altcoins have been much less profitable than holding bitcoin.
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fosco333
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May 07, 2021, 06:01:35 AM |
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I think profit taking strategy must be started with the correct entry point. If you enter the market and buy when the price rising, then there is a possibility that the market will going to get corrected later, which make you unable to take profit, even make you cut the loss. Enter the market when the price is down, and take the profit once it goes 2x from your entry, leave the capital on the coin.
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jrrsparkles
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May 07, 2021, 06:50:27 AM |
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Stick with your goal or stick with your strategy but don't try to be a double minded who wants to make 100% while still wants to reap the 20% when its available. Both are good but can't be executed at the same time while you can reap your profits and keep the capital for your goal to reach is also a smart idea.
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| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Princeofpoetry
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May 08, 2021, 10:06:12 PM |
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i do same strategy with you and my balance now growth multiple times. buy and sell was easiest strategy for us , and we could take profit or rebuy when price corrected. there are alot altcoin in market and we should not worry with opportunity there, if we patience i am confidence we will find best position to enter market and gain maximum profit.
Yeah. Patience and waiting for the right time to buy is the best strategy to get maximum profit. don't be too greedy to get multiple returns after the dump price because that we will get nothing.
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nurilham
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May 08, 2021, 10:19:30 PM |
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Did you mean taking profits from the spot market? Not futures? Btw I am not a big trader or professional trader, so I only write this based on my personal experience, with a small number of trading funds so far. Maybe it will depend on personal consideration. However, personally I have these: - Taking profits around 50% after it has increased around at least getting 20$ (it can be only a few hours or even a day) and then use the funds to buy the token again or another token that probably will increase again in a short moment. - For the least, I will sell around 25% and then 25% again in every increase around 10-20% at least.
However, if it is for HODL, I will sell at least when the price has grown up more than 30% or for a longer time.
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Ridwan Fauzi
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May 08, 2021, 10:31:48 PM |
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If I do day trade, I always use fibbonaci retracement to set the target profit. Fibbonaci retracement always give a level key where if the price touch the level key then there will be a huge increase if the market sentiment is good but when a bad sentiment market then the price will drop again.
But, when I choose an altcoin or bitcoin for long term investment then I will see the roadmap of the altcoin itself or some development that will happen for the altcoin by the developer. Yeah, I always sell the altcoin first when I got the profit although a good sentiment still there in the altcoin price movement.
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LubovOF
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May 09, 2021, 12:39:56 PM |
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We hear it from the best time and time again... "Take profits on the way up" But how do you do that, is there a formula or strategy to do this. I have a goal in mind, and when I hit that number I said I would take All profits out and leave the rest in. Let's say for the sake of ease one coin is 100% and it's £1000 profit... All in all £2000 in that project. Let's say my target is £2000 profit or 200%. We are 4 months away from the date most people seem to think the bull run might end (though 2020/2021 is no normal year with corona). Should I take 20% of profits now, and then see if it dips back and if it does spend that £200 buying back more of the same coin, or just simply bank that £200? Or just take 20% / £200 of the £1000 current profit (or whatever) and bank it 'safe'. Like ADA for example, I have noticed that when it peaks, it trundles on top for a while then will drop to usually a higher low, which is good, but I missed an opportunity to buy back more coins or simply take advantage of a pump. Hopefully you are still with me You can trade as you like. You don't have to listen to other people. I personally fix the profit in parts, or move the stop loss up when the coin grows. As they say, it is better to earn less than to lose
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noorammak
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May 09, 2021, 03:15:55 PM |
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I usually return when my investments double. The rest of the investment is the interest I can receive. We cannot know how much our investment will increase so let it free to market as capital is preserved. Just follow the above technique on a regular and regular basis, I think we can buy the whole market if the market is favorable. I encourage people to buy cryptocurrencies at famous exchanges because of the good volume to buy and sell. With only orientation and patience, you will surely make a successful investment. I have made a steady profit with this method over the past 2 years.
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