When to take profit?

[sunsilk]

Any of those strategy that will make you satisfied with your profit, that's what you must do. Experience wise, you should really be taking whether it will be in batches or a lump-sum when the market is on high.

That's the priority and as we will never know if that's the ATH, you should take opportunity at any time where you're seeing that your portfolio has gone high.

It's okay to take profit all at once or for every batch that you do. Just do not be greedy because that might lose you the opportunity to sell at profit.

[cheezcarls]

There is no perfect timing when it comes to taking profit. If you are already in profit no matter how small or big it is, profit is profit. Don't be greedy though because you may not know what would happen next in the crypto market whether if it's bearish or bullish. You cannot simply instruct or command the whole market to go up or down because it's so very unpredictable and highly volatile. The market always wins.

[Taskford]

Everyone's timing will be different, but definitely take profit to at least cover your initial investment so if somehow all was lost, you are even.  1.5x to 2.5x is a good range with 2x being the sweet spot.

If we can even reach to that numbers this is actually good already but also its good for people to know what numbers they can afford since as long as they are in profit and they will not be eaten by fees then everything is fine. Traders need to set their very own plan and not try to replicate others because sometimes things work for them will not come to us this is why we need proper planning to see good results.

[cryptoperkele]

Would be interesting to hear everyone’s thoughts.

One thing i have learned so far is to take out profit when it seems everyone is making money, everyone is saying that they are going to live with staking rewards etc. And cryptocurrency keywords have peaked in google trends. And literally everyone is saying that you are crazy to sell, that we are going to 100x at least from here.

I try to put more money in when i am honestly scrared that something is going to zero, even though fundamentals are better then ever.

[Oceat]

Everyone's timing will be different, but definitely take profit to at least cover your initial investment so if somehow all was lost, you are even.  1.5x to 2.5x is a good range with 2x being the sweet spot.

If we can even reach to that numbers this is actually good already but also its good for people to know what numbers they can afford since as long as they are in profit and they will not be eaten by fees then everything is fine. Traders need to set their very own plan and not try to replicate others because sometimes things work for them will not come to us this is why we need proper planning to see good results.

Well, what he just meant was to take your ROI already if things go south you are safe from losses and the rest of it if you gain then that's profit. Someone should have a plan for their investment if they want to know what would they do if the chance is present because you are not holding your crypto forever.

But some people would just hodl it to death like they don't care then come back after 10 years and see the difference in prices. That's a super long term investment and early adoptors are lucky enough to made it and making a profit that you can't imagine compared to the price when they buy it.

[pooya87]

The rest of my portfolio are altcoins and these are the ones I will be taking profits on when the market does start going up again - I understand some may not do well but as long as a few do I will be happy.

The problem with altcoin bags is that the loss is usually higher than the gain which means even if one or two of them get pumped the dumping of the rest negates that profit. Which is why I always prefer trading altcoins than bag holding them and only buy them while they are starting to pump and sell them as quickly as possible before the dumping begins. That way the profit is somewhat ensured while I always have liquidity to catch any ongoing pump. Obviously this strategy is harder and takes a lot more effort, but it has lower risk.

[Marvell1]

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?



Would be interesting to hear everyone’s thoughts.

I don't know which coins you hold, but if you have already made double profits, the safest thing to do would be to withdraw the initial capital and just leave the profit. This plan makes perfect sense in this moment or you can withdraw all because you believe the market will fall again, and that would be a good time to buy back.

Taking profit is never wrong and even more true in bear season, in bear season it is not easy to make profit. You should be happy with what you've achieved and not greedy, greed will make you lose again in a market that's too harsh and not what we'd like.

[348Judah]

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?

Base on what i practice, i took away the profit and return the investment capital back tor another round, it is also advisible to add to your initial investment capital little portion realize from the profit made back to the invest except there's need arising for an urgent use of all the realized profits, but i will not advise you to use your profit for an investment taking away the initial capital away from the investment.

[aysg76]

The problem with altcoin bags is that the loss is usually higher than the gain which means even if one or two of them get pumped the dumping of the rest negates that profit. Which is why I always prefer trading altcoins than bag holding them and only buy them while they are starting to pump and sell them as quickly as possible before the dumping begins. That way the profit is somewhat ensured while I always have liquidity to catch any ongoing pump. Obviously this strategy is harder and takes a lot more effort, but it has lower risk.

The thing is people have wrong choice of investment and invest in altcoins when they are pumping in hope to gain more profits but they ignore their research and completely beleive others for profit making and they invest mainly in these shitcoins due to :

1) Influence of some known people who is trying to manipulate the market and fills their profit bags but the majority of them losses the amount they have invested in.

2) They think altcoins are cheap comparatively to bitcoin and can accumulate more of them ignoring that stacking sats is possible and when get rugged they say the market is risky

3) When any altcoin is going up under the pump-dump scheme through paid influence and spreading FOMO about them so the greed of people make them invest blindly in these altcoins and the results are same they loose money.

We can clearly see that crash like the current would not be survived by 80% of the shitcoins and lying dead in the wallets of holders so why go through them ? So best is to invest in bitcoin and HODL long term in it without any worry and this way you can take profits.

Your style of trading altcoins is good because you are not holding them and take out profits at time they are giving even normal returns also while others wait for huge profits and then eventually loose all the money in them.

[ImThour]

Hi,

In 2021, I saw many Altcoins and Quick Pump and Dump techniques. One of the best strategy someone told me was to invest like $100 and take your initial investment out once it doubles.
If you talk about Bitcoin, you should focus on the long term and not take out your initial, instead buy the bottoms or at least DCA for some weeks when the price drops below 70%.
For altcoins and shitcoins, you can follow my above-mentioned technique.

[suzanne5223]

Would be interesting to hear everyone’s thoughts.

One thing i have learned so far is to take out profit when it seems everyone is making money, everyone is saying that they are going to live with staking rewards etc. And cryptocurrency keywords have peaked in google trends. And literally everyone is saying that you are crazy to sell, that we are going to 100x at least from here.

I try to put more money in when i am honestly scrared that something is going to zero, even though fundamentals are better then ever.

Taking is a wonderful strategy but it doesn't always end well because at some point the taking out profit is made at the wrong time and if you would like to take profit I will advise you have two different investment setups which one will be for taking out a profit while the second one is for long term holding I said this because cryptocurrency market is going to verge that the current opportunity we see in the market will not be available in the next future.

[kamvreto]

Hi,

In 2021, I saw many Altcoins and Quick Pump and Dump techniques. One of the best strategy someone told me was to invest like $100 and take your initial investment out once it doubles.
If you talk about Bitcoin, you should focus on the long term and not take out your initial, instead buy the bottoms or at least DCA for some weeks when the price drops below 70%.
For altcoins and shitcoins, you can follow my above-mentioned technique.

Following the practice of quick pum and dump is the same as gambling, you can get 100% profit in an instant, or lose it in an instant. This practice is even banned in several countries because in reality it is very detrimental to those who join, only the owner of the pump and dump channel benefits.
Bitcoin is indeed very suitable for long-term investment, and where to stop to take profits depends on the initial strategy, what is the target price you want to achieve. Because some traders are not disciplined so the strategy does not go according to plan.
Taking profits is very simple, sell when you are profitable, but how much profit you want, don't be too greedy.

[Zilon]

I have read a lot lately of many people saying they did not take enough profit when the highs came in November last year and I don’t want to be one of them people and having regrets when the next bull run comes. I have been accumulating a lot over the last 4 weeks to bring my average price down on all the cryptos I own so that when the bull run does come it will not take a lot for me to double my investments and bank some profit.

Would be interesting to hear everyone’s thoughts.

I don't know what crypto class you are referring to but if you intend holding Bitcoin then you should have a personal target atmost a price higher than the previous ATHs. The next bull run will come with so much anxiety, FUD, FOMO, JOMO and lots of it. Keeping your profit margin realistic will help keep your profit target feasible

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?

Long term wait is preferred because once you begin taking profit at interval you alter your entry point and might stand a risk of Buying higher than you were meant to

[qwertyup23]

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?

You have to keep in mind that investments are money in the sense that you can cash them out whenever you completely feel the need to do so. Let us say you have profited at least 10% from your investments and you badly need the cash for some emergency purpose, then feel free to do so.

Doubling your money from an investment is literally the dream scenario of every investor but this kind of event rarely happens. Especially that cryptocurrencies are high risk investments, you can either take that 20% profit or lose 50%, or the other way around.

[Franctoshi]

There is no current law that stated When or what time for one to take profit because if there's everybody is going to do same thing by taking profit at that period of time ,hence when everybody does same no will profit from the market ,but there are guide lines to taking profit and it depends on the trader/investor.
For me most times I do start taking profit when my portfolio increases in this order for example
when my portfolio is 2x, 3x, 5x ..... in profit I start selling in this method
1•25% of portfolio
2•50% ,
3•70% and
4•100% of my portfolio and then I exit the market.

[dansus021]

When to take profit? When i learned trade usually the people.says x2 from intial investment but they also says it also depends on you.
When you think is enough you should take profit rather than cry later and dont be greed (one of biggest enemy for trader)

[Daniel91]

JamesDaniel90, each of us has a different situation and a different investment strategy and plan.
It's very important when and at what price you bought your cryptocurrencies.
Also, there is a big difference whether you want to trade cryptocurrencies or just keep them in your digital wallet and wait for the price to rise in the future.
You can invest all at once or in stages, gradually to guess the best time to enter the market.
It's always wise to withdraw earnings, but we need to have a clear plan and exit strategy, and price thresholds that meet our investment goals.
I entered crypto a long time ago and I made serious money here already and now I just keep the funds in my digital wallet and wait for a certain price threshold when I will withdraw the remaining funds, according to my exit strategy.

[tvplus006]

...I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time? ..

There is no guarantee that your coin will increase in price by 2 times in relation to what you have invested. In addition, it is very difficult to give any recommendations without knowing what coin you have invested in. If you have chosen a coin for investment unsuccessfully, then you can completely lose your money, even if the market becomes bullish.

[ruwanthathisara]

i actively joined the crypto market last year january and i got TWT coin 3200. after that i reinvest everything now my portfolio is less than 1000$

[Hypnosis00]

It's very important when and at what price you bought your cryptocurrencies.
Also, there is a big difference whether you want to trade cryptocurrencies or just keep them in your digital wallet and wait for the price to rise in the future.
You can invest all at once or in stages, gradually to guess the best time to enter the market.
It's always wise to withdraw earnings, but we need to have a clear plan and exit strategy, and price thresholds that meet our investment goals.

Though we can't make a perfect entry in the market, however, buying at a low price and selling them at a higher price is a profit already. But what went wrong with some people is that they become more greedy, they want to earn more and it mostly happens they miss the ATH. And to guess what, these people got easily into a panic once they see the market is dumping.

Yet, it is very important to have a plan and religiously follow it, otherwise, we just end up failing our goal. And lastly, we have to stop being greedy and be contented enough to a small profit.