Taking Profits

[Tanaka-Wun]

There's a lot of ways to take profits but it always depends on the factors. You can also use different methods like scalping if you wanted to take profit when price goes 25% or 50% you said, are you that confident about the coin you are holding right now? I would like to know what coin it is.

If your prediction about 25% to 50% I'd rather hold for a longer time. I'd suggest long-term trading.

[GeorgeJohn]

Profits are profits no matter when you take them out unless your trade turns out to be in loss.

remember that time conscious in trading matters a lot, when you cash out from trading and values the profit you achieve matters, and you know vividly that while some people get ride to the losing side of investment is greedy.

The best time of taking profits is when you are getting 100% of it (2x),

it doesn't mean that, it must be up to (2×) before taking off your profit, because you can be waiting for it to accelerate or climb to (2x) before removing the profit and the movement of the coin begin to backslide or depreciates in values while you have already made some atoms of profit, the only thing i can advice anyone via investment is to have a target and immediately the investment reach to the target you take off the profit.

take out your capital and let the position run till your target is reached with a trailing stop loss, this prevents you from losing big on your profits too.

i agreed with you.

 

[lienfaye]

We really cant say what strategy is best and could work for gaining more profits and I think it also depends on the coins that you currently hold.

Taking out the capital and leaving the profits are safest because you already get your seed. However in this strategy you'll get less compared to leaving your seed alone and just take profit everytime there's an increase.

In my case if I get the chance to sell, I go all in and buy back once there's a dump.

[darewaller]

We really cant say what strategy is best and could work for gaining more profits and I think it also depends on the coins that you currently hold.

In my understanding, booking profits for what we are holding in our wallets or addys is completely different from exiting a position in leveraged market. I mean we need to have different strategies for our holding and for our active trading. I guess booking profits from our investment will be easier for most of us because we have time to plan and act but booking profits for trading is definitely a crucial one as within short period of time, we need to finalize.

Like someone mentioned on different topics, the strategy we have used to open a trade should again be used to find out where to exit; yeah for both target and stoploss levels. It means the profit booking or cutting losses of active trading should be done at trend changing point.

[AmoreJaz]

We really cant say what strategy is best and could work for gaining more profits and I think it also depends on the coins that you currently hold.

Taking out the capital and leaving the profits are safest because you already get your seed. However in this strategy you'll get less compared to leaving your seed alone and just take profit everytime there's an increase.

In my case if I get the chance to sell, I go all in and buy back once there's a dump.

so many strategies and factors in play and that is right, it also depends on the coin(s) you want to trade with. but if we say btc, then with the roller coaster ride that we are in, you can easily get small profits. but if you will take out your capital and just work on your profits, it would be hard to achieve your targets because you may be working in small capital and getting like say 10% of that, is very small and don't know if it is worth your effort.

[jossiel]

There's a lot of ways to take profits but it always depends on the factors. You can also use different methods like scalping if you wanted to take profit when price goes 25% or 50% you said, are you that confident about the coin you are holding right now? I would like to know what coin it is.

If your prediction about 25% to 50% I'd rather hold for a longer time. I'd suggest long-term trading.

Taking profit in the scalping method is a good idea IMO.

Just like the uncertainty in the market, you'll be taking profits at different prices. So you'll be taking as much as you can, with little to maximum so that you can't miss any opportunity.

But how long it will depends on you.

[Vaculin]

There's a lot of ways to take profits but it always depends on the factors. You can also use different methods like scalping if you wanted to take profit when price goes 25% or 50% you said, are you that confident about the coin you are holding right now? I would like to know what coin it is.

If your prediction about 25% to 50% I'd rather hold for a longer time. I'd suggest long-term trading.

Taking profit in the scalping method is a good idea IMO.

Just like the uncertainty in the market, you'll be taking profits at different prices. So you'll be taking as much as you can, with little to maximum so that you can't miss any opportunity.

It was a good idea if you are already an expert in trading but if you were just new to this, I suggest focusing on 1-2 coins. Although we wanted more profits, however,  that is not the way it plays in trading, we should have sometimes gotten patient otherwise, we have been dragged by our emotions and led to losses.

With several factors that could affect the results, that is why we can't guarantee that we can hit our goal, at least we are doing it hard and we gain profit.

[Lanatsa]

There's a lot of ways to take profits but it always depends on the factors. You can also use different methods like scalping if you wanted to take profit when price goes 25% or 50% you said, are you that confident about the coin you are holding right now? I would like to know what coin it is.

If your prediction about 25% to 50% I'd rather hold for a longer time. I'd suggest long-term trading.

Taking profit in the scalping method is a good idea IMO.

Just like the uncertainty in the market, you'll be taking profits at different prices. So you'll be taking as much as you can, with little to maximum so that you can't miss any opportunity.

It was a good idea if you are already an expert in trading but if you were just new to this, I suggest focusing on 1-2 coins. Although we wanted more profits, however,  that is not the way it plays in trading, we should have sometimes gotten patient otherwise, we have been dragged by our emotions and led to losses.

With several factors that could affect the results, that is why we can't guarantee that we can hit our goal, at least we are doing it hard and we gain profit.

When you are still starting then you shouldn't really hurry up yourself on making profits because this is where most people do really fail which would really result into loss of investment or capital in fast pace manner.

Try to be consistent and be sustainable and this should be your primary focus because on the time that you do have able to take some good grasp of it
then consider yourself on doing better.

Profit taking is normal and this will really vary on each trader.

[TelolettOm]

Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?

It will really depend on your goal.
But, so far, I do that also.
Taking profits by setting a certain target of prices. I will sell at first around 40% of the coin in a certain target price, at least, I can get more than 60-70% of the capital. And then will sell again at another target price of around 20% in order to fulfill all capitals that I spend. And make the least to meet higher price again to get higher profits.
But these strategies are for top coins.
\
If it is about non-top coins, especially the new coins, I will prefer to take profits the whole after the increase ins enough

[Betwrong]

Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?

If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?

Basically, it's important, and it's worth noting, it depends on you... whether you are a more active or passive trader, if it's active... there's nothing wrong if you take steps like that, little by little anyway... if it is obtained frequently, it will be more profitable.

But if he will be leaving all the profits in the trade for too long, sooner or later he will lose in one day everything he earned during the previous days(or even weeks). It's true that the higher your bankroll, the more you potentially earn, but we shouldn't be too greedy about our potential profits. We should set our goal in advance, and once it's reached, we should cash out most of the profits, if not all of them.

[arbifahrozy]

One of the thing in trading matters a lot, I must tell you, which is confidence, if your confidence is good at trading and your loss power is also good, then this is a plus point for you and if there is a less profit even and you don't want to get into loss and don't want to wait then you should get the profit and leave that coin for more dump.

[jossiel]

There's a lot of ways to take profits but it always depends on the factors. You can also use different methods like scalping if you wanted to take profit when price goes 25% or 50% you said, are you that confident about the coin you are holding right now? I would like to know what coin it is.

If your prediction about 25% to 50% I'd rather hold for a longer time. I'd suggest long-term trading.

Taking profit in the scalping method is a good idea IMO.

Just like the uncertainty in the market, you'll be taking profits at different prices. So you'll be taking as much as you can, with little to maximum so that you can't miss any opportunity.

It was a good idea if you are already an expert in trading but if you were just new to this, I suggest focusing on 1-2 coins. Although we wanted more profits, however,  that is not the way it plays in trading, we should have sometimes gotten patient otherwise, we have been dragged by our emotions and led to losses.

With several factors that could affect the results, that is why we can't guarantee that we can hit our goal, at least we are doing it hard and we gain profit.

You don't have to be an expert to do that strategy.

The essence of it is like you'll be taking profits from time to time and not as a whole, you'll be cutting every part of your taking profit in many cuts.

And that's why I think you don't have to be an expert.

[Betaj00]

Everybody's strategy is not same, my strategy is that when i buy a coin then i waiting for pumping, if my token is pumped then i sold all token and buy another coin and also sometime it is depend of coins popularity.           

[Alert31]

Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?

If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?

It depends on you. If you want to get more income, of course invest again.  Don’t take your profit if your trade is good and the coin you are trading has the potential to grow. If you don’t need money to spend, why do you need to take your profit? Just enjoy trading and use different strategies you know to accumulate more profit.

[onecall123]

Everybody's strategy is not same, my strategy is that when i buy a coin then i waiting for pumping, if my token is pumped then i sold all token and buy another coin and also sometime it is depend of coins popularity.           

That's why we earn a lot of money this way. People making money on the market. Sometimes changing the market might be better for you...

There are many people waiting for market corrections so they can take advantage. It's never wise to underestimate the power of a meme coin, which has turned into an ecosystem that a lot of people love. Make sure that the token you choose has an active community.

[mamesso]

what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb.

No investment guarantees instant profit, there are many processes and things that must be learned again in order to achieve the desired investment success target.
Whatever the investment instrument, there is always a small or big risk. So before starting make sure you understand the characteristics, risks and profit.

If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?

Collect something little by little then it will definitely collect a lot.

You can take profit every time the price goes up, Starts to investing slowly with small amounts and see how it goes before increasing your investment. Invest money that is ready to be eliminated and not used for daily needs because the cryptocurrency market is very volatile and the risk is quite large.

[zaesvlas]

Guys, trading profit is not just words. This is a process. Moreover, the process is neither quick nor easy. This should be taken quite seriously.

[el kaka22]

what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?

There are multiple approaches are available to book profits:
1. Fixed: Exiting at 5% or 10% or 25% profits. Traders decide where to book on the fear of trend reversal.
2. Strategy driven:  Some strategy are capable of providing target levels at the point of trend change.
3. Personal: Booking for needs even trend is in favor.

I am into practice of personal for my long term holding. This way, even I am a long term holder of bitcoin, some times I am enforced to book part of my bitcoin holding for the need of living.

The first two are related to active trading whereas the last one is about long term trading but not limited to. I guess all bitcoiners are into personal way of profit booking as we are aware of bitcoin's positive trend in long run still we book profits for some reasons.

[molsewid]

No investment guarantees instant profit, there are many processes and things that must be learned again in order to achieve the desired investment success target.
Whatever the investment instrument, there is always a small or big risk. So before starting make sure you understand the characteristics, risks and profit.
 

This is definitely true, there's no investment that guarantees instant profit especially if this characteristics is what you're looking up to cryptocurrency, the volatility of the market would still be the top concern. In my case, I would prefer to take profit out of my investment when the price of my principal amount were double already or depend on my desired amount. Also, some factors are depend on other necessities or emergency needs. But as long as I can be able to hold it for a long term I would choose to hodl it for a quite long while.

[carlisle1]

No investment guarantees instant profit, there are many processes and things that must be learned again in order to achieve the desired investment success target.
Whatever the investment instrument, there is always a small or big risk. So before starting make sure you understand the characteristics, risks and profit.
 

This is definitely true, there's no investment that guarantees instant profit especially if this characteristics is what you're looking up to cryptocurrency, the volatility of the market would still be the top concern. In my case, I would prefer to take profit out of my investment when the price of my principal amount were double already or depend on my desired amount. Also, some factors are depend on other necessities or emergency needs. But as long as I can be able to hold it for a long term I would choose to hodl it for a quite long while.

Definitely depends on how you see your opportunities.

and by the look from how you see and interpret your investment, the chance is high to earn decent compensation,
in each decision that you made, it's better to have a set of backup plans just in case things are not favoring your investment.
You still have the chance to recover or to avoid losing the whole amount of your investment.

And with the profitable side, you can either maximize your profits or you can take you initial and allow some portions of your earnings to keep moving and making more for you.

A sure way to earn from this business, you just need to work more from how you understand the best way of anticipating the market.