How to take profits?

[RussianEnglishTranslation]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

What I do is sell my POS rewards monthly into cash. I get about 10% staking MATIC and 20% staking ICP.

[justdimin]

Try to learn to be patient with this market and improve your knowledge with quality projects to find opportunities that can enhance returns with long-term investments. Don't just follow the trend or follow anything from someone and set your goals too high. I see greed in the investment process as the cause of missing out as well as continuing to make mistakes along the way to trading or holding crypto. And each of us, without a clear strategy for allocating assets as well as balancing profits and risks, will often suffer more failure than success.

Patience is actually doing nothing and some people fail to do that for some reason and I have no idea why. I mean think about it, we are talking about just making sure that you do not end up with a loss, and all you have to do is not selling. I personally find it very easy to not sell and because of that I have made a lot of profit so far.

I think if the price doubles from where, I will be in a giant enough profit that I would be able to finally afford a car and a license, which means that if anyone feels the same way, they could even start doing ubers on top of their current job and put all that extra profit into crypto all over again, or make that into a living. This is literally a lifeline, everyone should take it.

[tvplus006]

...I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

Usually, profits are fixed when the price has reached resistance. It is at such values that it is recommended to fix a part of the profit, since the price may turn around from this value. But at the same time, the position is not completely fixed, but a part of it is left in case the price breaks through this resistance.

[Cling18]

It actually depends on your target goal. If you're already contented with your profit then you don't have to reinvest again but if you want to take more profit, then reinvesting could be a good idea as well. You can reinvest including your profit or just your capital profit. It all depends on your purpose of investing. That's why it's advisable that you should set a target goal before you start your gambling journey.

[Victorik]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

Like a friend will always say, the dev is never your friend, so always take profit.

Personally, what I do is this: say I buy a coin for 20$ and it rises to 50$ for instance, I will first of all remove my capital and watch to see if it rises again, let say to 50$, I will take another 30$ and so on and so forth.

[virasisog]

Take profit when you know that a coin that you aren't good for long-term investment and reinvest your profit in potential top coins to maximize your gains in the future. I've been doing this for years and it's an effective strategy so far. You must know the potential of your coin. If it isn't good for a long-term investment then just take advantage of the coin. It's all about grabbing chances though.

[isaac_clarke22]

~

Depends on the coin obviously. Some investors just waste their whole life and whole money in investing to coins with little to no utility at all and would be just purely for hypes and nothing else.
If you would example invest to some legitimate coins like Bitcoin, I am sure that your "patience" is not going to waste.
No way that I would pursue any other coins for now.

[Lordhermes]

Taking profit is one thing that we must learn.We must be able to make research on the coins that will do well in the nearest future,and know how to invest in them.For a start,it is not advisable to invest heavily in it because we are not yet sure whether the coins will dump or the coins will rise,but if the coins should rise,we must know how to take the profit,and it doing that,we must follow time and be very smart on that.We know how it is,that the market is not steady,so we must be very smart in taking our profit.

[uneng]

If you are too afraid of losing money you should cashout initial investment and keep growing the profit generated by it. But if you don't bother risking your initial funds, and have the long term as your goal you can keep the investment intact to maximize potential returns.

Or you can even cashout initial investment to start a new one with another asset. This way you hold different assets while not compromising extra money from your pocket.

Just make sure to pick the right investments which have promising ROI chances for the future. Avoid the hyped ones.

[Eureka_07]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

There's always this quote, "Take profit when you're happy". I know you are aware of that. I mentioned it to make you consider having this option for your trades. Me personally now will go most of the time in taking profit and also most of the profit will be reinvested if I do not need to expend it. If you took a profit and the token suddenly went up much more, maybe you should just move on. Or if you're trading futures, you know what to do next.

[BIT-BENDER]

First congratulations on your return on investment, I don’t know if it’s safe to say you invested wisely because I have seen lots of Crypto-coins gone up to make profits for investors and later fell down and completely lost value. But if safety is a thing to you then it is no shame taking out your investment and leaving you profits in there but if you are die hard and you must have done your research enough to be confident in what you holding then you can leave it for longer who know if the bull run is closer now.

[serjent05]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

Don't be too greedy, often times greed will make us lose everything.  Just set up a selling price, sell them when the market price hits your selling price, then wait for the market to crash or enter bearish sentiment and buy again.  This works for cryptocurrency that has a solid foundation and not for those cryptocurrencies that are destined to be worthless after a massive pump.

[stomachgrowls]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

You can actually do such thing and it would really be depending on you whether you would take profits or not in a short span of time some might be that preferring on catching and securing profits
in a short span of time and some would really be just planning on doing it for long term.

We do have different plans and goal in mind thats why it would really be depending on someones approach whether they would accumulate on a gradual manner out of profits made in short term
and secure their capital or simply wont be minding about it and would hold for long term instead.

Take profits if you do see that it would really be that relevant or good or hold for long term depends on what you do like with your investment.

[Silberman]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

Don't be too greedy, often times greed will make us lose everything.  Just set up a selling price, sell them when the market price hits your selling price, then wait for the market to crash or enter bearish sentiment and buy again.  This works for cryptocurrency that has a solid foundation and not for those cryptocurrencies that are destined to be worthless after a massive pump.

Most of the time greed is what ends up destroying the accounts of newbies, they have their sights so high that they ignore what they have right in front of them, it is precisely because of this that it is important to have a very simple strategy at the beginning of your career as a trader, maybe it will not be the most profitable one but at the end of the day as long as it is effective and it involves a very low risk it will allow you to make profits, in return you will get more experience and then you will be able to execute more difficult and profitable strategies as time goes by.

[LittleBitFunny]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

Keep in mind that you are here to make money, to make a profit, so you better sell as soon as you start making a profit, set yourself specific targets so you don't lose sight of what you have.

Greed is the biggest enemy that causes most traders to lose, just because they expect a little more profit than all previous profits when the price reverses unexpectedly.

[posi]

It's always better to take out the principal amount but If you feel your coin can perform better then you should hold for some more time then you should withdraw 50% and keep 50% for further profit otherwise you can set a target for your coin if achieved satisfy yourself with the profit and do not greed for more. If you are afraid you will lose your profit then you should book the profit and close your position and wait for the Dip if you trust the coin you hold. The market gives us several chances to buy and sell.

It depends on the coin you are holding, if it is a potential coin and you are confident that it still has room for growth, pursue until you reach your set profit. If you are not sure about the future of the coin you are holding, then you are better off selling it at a profit of x2, which is not a small profit. The market still has many opportunities so we still have many opportunities to make money, so we should not be too greedy to lose bigger opportunities in the future.

[Ararbermas]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

well IMO much better to take out your initial investment and get some on your profits as well so that you don't need to worry if however the market fluctuate or the growth rate of your investment plunges without knowing, wherein at least even no matter what happen your in a safe place.just to good to be true..

[onecall123]

You should definitely pocket your initial investment, or reinvest if you have done your research. There are lots of promising cryptocurrencies out there, which have a lot more chance of success. Cheap is appealing, but don't buy in at a low price. Ensure that it makes sense. A bear market is a time to buy; a bull market is a time to sell! Opportunities are always out there, and it is up to you how you act to take advantage of them or lose them. Make sure you give some CUDOS as well. 

[raidarksword]

If you are in crypto industry, you must take profit no matter what because in the first place you are here to make money. So, that's why taking profit is not bad at all which means everyone are taking profits when they're in gain. Remember that crypto has its own cycle like the market we have right now, it's a bear seasons which means as well its time for buying. And when market is recovering then you will have your profits coming.

[bounceback]

I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.

Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?

How do you guys do this ?

I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.

If it's for me then I will take 50% of the profit I have earned and the rest I will put in another coin that already has strong fundamentals and has the potential to give me a return, maybe this is not a good way to invest but so far I have Familiar with this method, in investing each individual certainly has their own strategy to apply, so you should apply a strategy that you think is comfortable for investing because only you are responsible for your funds.