How to take profits?

[Shasha80]

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.

Actually, depending on the strategy we use or the coins we choose for investment, but it is indeed a good advice every time the coins we buy go up
in price, we must immediately take profit. So we do not lose the opportunity to make a profit, sometimes because we are too greedy then
the opportunity to get a profit is lost. But for top coins like Bitcoin and Ethereum we can hold for the long term and can generate profits. It's different
for the majority of coins, it's better to take profit after the price goes up and we make a profit. Because the majority of coins circulating today are
shitcoins, so for shitcoins it is good only for short-term investments. If we take profit, it is better if the profit we make is stored in stablecoins or
we can also withdraw it into fiat. So we can reinvest with our initial capital.

[Minecache]

With the current state of the market, of course, we must be able to take advantage of the situation, if we have invested and we have obtained profits, then don't wait long because the market can recede again in a short time and take advantage of these profits then we return to invest in other coins that can indeed promise to be able to regain profits, but if you want to maintain on potential coins then it takes a long time to be able to get maximum results.

This time is not easy to profit so you should take profit because things can go downhill very quickly. If it is a good coin, we should take profits and wait for the market to correct we can buy it back to continue holding for a long time.
In OP's case, I will take full profit because 200$ profit from 300$ amount is relatively high profit, I will cash out all my money and will wait for that coin to drop significantly to buy it back.

[monineklutak]

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.

That way is also good and indeed again everyone has their own method,
actually we do not need to force to imitate the strategies or methods of others,
because we don't know what the risk is and it's not impossible that it actually makes a loss

[KingsDen]

Actually this is very easy, if you are satisfied with these benefits, take all the profits and invest again to get other benefits. 300 Euros to 500 Euros of course you have got a profit of 200 Euros. You don't complicate things when they are actually easy.

Everyone has a different point of view on how to take advantage, of course you have to get these benefits and don't let them lose.

The image above is saying about the timing on where to set take profit and stop loss but Op is saying he got profits already, whether it is advisable to keep holding or to take profit. Or to keep profit and take capital.

My answer to Op is that what he needs to do is very clear. Did he want to hold for long? If yes, he should hold the right coins and not bother.
Is he day trading or holding for shot time? If yes, he is already in massive profits, he should either take profit or capital.

[Fredomago]

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.

Actually, depending on the strategy we use or the coins we choose for investment, but it is indeed a good advice every time the coins we buy go up
in price, we must immediately take profit. So we do not lose the opportunity to make a profit, sometimes because we are too greedy then
the opportunity to get a profit is lost. But for top coins like Bitcoin and Ethereum we can hold for the long term and can generate profits. It's different
for the majority of coins, it's better to take profit after the price goes up and we make a profit. Because the majority of coins circulating today are
shitcoins, so for shitcoins it is good only for short-term investments. If we take profit, it is better if the profit we make is stored in stablecoins or
we can also withdraw it into fiat. So we can reinvest with our initial capital.

Majority are shit coins and for sure if you will not take your cut during the peak you will lose the opportunities to earn, it's wise to ride with the fame and forget about holding, though sometimes there are coins that have long pumped but still you need to sort it out and try to take advantage if opportunities open, you should think wiser and not to fall with any alluring offer coming from new projects, taking small gain compared to huge promises? Best to be practical.

[KaliLinux]

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.

I am mostly a HODLer like you so I don't worry about the profits along the way until I am sure that the market is around another ATH and I will take all the profits in there meaning I must have taken my Initial Investment and some profits too, and don't forget you must have invested in the right profits for this else some projects might not survive the long HODL.

[erep]

I am mostly a HODLer like you so I don't worry about the profits along the way until I am sure that the market is around another ATH and I will take all the profits in there meaning I must have taken my Initial Investment and some profits too, and don't forget you must have invested in the right profits for this else some projects might not survive the long HODL.

If you are targeting achievement around other ATH then you must be wise to invest in top coins, if you choose the wrong coin for long term holder then there is no guarantee that the coin will enter the list of highest recovery during bullrun, holding category should stay on top coin for portfolio planning long term and you should avoid hype coin investing.

[Tessyb]

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.

In my opinion, taking profits implies that you take something out periodically as profit comes. As you said, in a circumstance when the invested sum is 300$ and the profit is 200$, it may be wise to take 100$ out and reinvest the 400$. I feel its good to keep your capital as well as a portion of the profit to help you grow your capital for higher profits.

[Xal0lex]

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.

I have read a lot of advice on this subject, and I liked the advice that when you invest in a certain project, it is advisable to take your initial investments from there. This way you will have diversification of your portfolio, your money will be constantly in circulation, and those projects that you bought earlier will develop your portfolio solely on the profit received, not on the initial investment. Thus, you will have a constant circulation of free funds and it will help to make a profitable deal if it suddenly appears, such as the purchase of some project at a good price.

[kasunrandil]

 i'm also an crypto investor . so i dont care about market condition bull or bear. taking profit is a  most essential part in the trading world. as investors we must have a purpose in anothet words we must have a profit taking plan ofcourse. i usually take profit when my investmet gave me a 100% profit at the time. taking profit by 20%.

ex : investment $500 -  profit 100%
       then whole investment has become $1000
       then take profits of $200



thats my profit taing plan.

[tygeade]

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.

I am mostly a HODLer like you so I don't worry about the profits along the way until I am sure that the market is around another ATH and I will take all the profits in there meaning I must have taken my Initial Investment and some profits too, and don't forget you must have invested in the right profits for this else some projects might not survive the long HODL.

This is exactly how I approach it as well. I mean it's clear to me that we are talking about "long" term in a real sense, meaning even double or triple of what I invested is not enough.

My peak was around 9x profit, and I still didn't take most of it out, took maybe like 20% or so out to pay off debts because it allowed me to invest more, and I invested more dollars right now thanks to this, and bought cheaper as well so I basically have more bitcoins thanks to that move, because if I sold, I would have a lot of money that's true, and would have bought back now, but no guarantee about that, but paying off debt means same amount could go into bitcoin instead.

[Gayong88]

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 ?

Generally, the end of an investment is always hoping that a small investment can turn into something much bigger in the future. Of course, each one has a different pattern. Personally I don't touch it. When I buy crypto at a low price as much as possible to hold it for as long as possible, and except for some exceptional circumstances, I don't try to take profit at any given moment. The reason is because the longer I last, the more money I can potentially make.

[danherbias07]

Have the courage to take the first step to different dimensions like trading it.
If you really have the skills to make profits then it will happen. Before, I was the same as you, scared to try and sell but when I tried to do it the first time it becomes easier at the next one.
First, learn the basics of trading and set a plan if you are going for a short-term or long-term type of selling.
Go for lesser value coins for testing it out or a simulation which is offered in most exchanges.

[landheer]

Maybe everyone's opinion is different because everyone has their own way. if in my opinion if we invest with a capital of 300 euros and profit becomes 500 euros. I think just take the 200 euro profit and the rest to reinvest. because according to my experience if you can enjoy the results of trading it is very fun and makes the mind more comfortable and excited again to invest.

[xSkylarx]

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.

It really depends on your contentment about when you are going to take profit from your investment. There are people that secure their investment first then let the remaining amount to be the profit. There are people that sets a target price and won't sell until it hits it. The important thing is don't be greedy on your target profits that you end up holding it forever becuase it is unrealistic. Learn to not regret selling even if the price still goes up after you sold. Market have two cycles so you will definitely have the chance again to buy at low price.

[SistaFista]

Always take our profit when we able to do it because we will never know the future.
We need to restrain our self from greed. Greedy will lead us to loss because we reinvest our profit too much.
For example if your $300 become $500, take $400 as initial capital+profit and $100 to reinvest.

[$anounimus$]

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 ?

In short, it depends on your investment and time. Your initial investment is more like a loan. You are investing in something that has no immediate return potential and you may not get it back for some time. However, if it works, you will be in tip-top shape and have a surplus of free cash when the time comes to make a profit. On the other hand, if you reinvest your profits right away, you will have a larger amount of free cash but at a later time.

[mumang siat]

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 is the basic investment that you actually expect, isn't that investment only for profit, I prefer to enter the market with the power of the coins I have, so at some point I can get out of the market chaos. I mean this way, if the initial investment can provide a profit, then convert half of the profit to start reinvesting.
So there are two advantages that we get and the investment that we make continues to run.

[Lubang Bawah]

The market will always be fluctuating and many things we can do for profit, and I think the easiest thing for profit is daily trading, especially if we dare to trade in new listed coins so that opportunities for big profits are easier to achieve.

[Miaallen]

Taking profits when you think they're worthy is the best way to survive in the Cryptocurrency world. In a situation where you invest in a newly launched projects and eventually made about 4 to 6x profits, it will be wise to take out half and leaving the remaining half for a long term holding if you think the project worths it.