How to take profits?

[carlisle1]

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.

A good example of making money from your investment, though there are too many influences that creates greed inside a person's mind.

Money manipulate our decision making, miscalculating and trying to get more most of the time lead us to lose our opportunities, and worse,

it also lead us to lose our initial investment. Never to aim too much if you don't know what you are doing, better to get a little than trying to

make a big one and risk everything you have.

[kojektea]

it depends on how you invest, both are equally profitable it's just that there are people who prefer to get a little profit but fast or those who get a lot of profit in a long time. The best way is the way that you think is easier.

[TribalBob]

I personally definitely secure initial capital from high prices and try not to be greedy so that profits don't go away, unless you have an initial profit target of commitment in the investment,
but the commitment of people is different and the perspective is also different, it all goes back to each individual in making decisions about when to enter and leave

[Pterosaur]

In this type of market it makes no sense to take profit because market have suffer huge losses or highly volatility since months ago now, this is accumulation time not taking profit because you might no see another buying opportunity again that's why.

[Ketesnuko]

Assuming I bought a coin for 0.56$ and it surges to 1$ I will take a profit and wait for any dips, it might not come in a day or days but it will eventually happen, the patience of waiting is what many don't have.

[Silberman]

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.

If the coin in which you invested has already go up enough that you can easily recover the principal then it is a good idea to sell enough of the coin to recover that money, that way you are literally trading with free money, even if the coin crashed all the way to zero and you did not had the time to sell it you will not lose any money, however if the coin keeps skyrocketing then you will still obtain fantastic profits while incurring no risk in the process.

[cloudfir3e]

depending on how you want to take advantage of it.
If you invest long-term, you have the advantage of passively and definitely profiting within a certain period of time through dividends and preparing future savings, for example for children's education and as a pension fund in old age, especially for private workers who do not get a pension.
Long-term investment can also avoid high risk.

In contrast to trading which has consistent and fast profits, it does not require a long time, the costs are relatively cheap and can be started with small capital. Trading can also provide multiple benefits if it is done with the right and right strategy.

[tvplus006]

Assuming I bought a coin for 0.56$ and it surges to 1$ I will take a profit and wait for any dips, it might not come in a day or days but it will eventually happen, the patience of waiting is what many don't have.

It is advisable to sell the coin when it has reached resistance and there is a real chance of a rebound from this level. In this case, you will be able to re-open the order by buying a coin at a reduced price. But if you are satisfied with the profit, then you can close this order without waiting for resistance.

[vanesha]

it would be better to take the initial investment in my opinion because by taking the initial investment we will not risk losing in the next trade. but if we are a little reckless, we may not take all of the initial investment so that our investment increases and the profit in the next trade will also be even greater.

[tygeade]

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.

Daily trading is definitely not an easy way to make money. It takes time and patience to learn how to do that, sure if you are a big veteran eventually you will be able to make a good profit out of it, but that doesn't change the fact that we wouldn't be a veteran trader right away, it will take years of being great and even making a big loss time to time in order to learn from our mistakes and become better.

This is why nobody should be aiming at trading daily as an "easy" way. Easiest way to make a profit would be making sure that you end up with a long term investment, buy and hold it for many years and you will have to do nothing at all to make a profit.

[|MINER|]

~snip~.

If you ask me to this question then I will say that yes you should take the profit. Because many time it happened to me that I reinvestment that profit and faces manu loss. And a man also have needs and if you are a professional trader then I think you will take those profit . Even then if the money is lazy then you can invest again with proper dca and can get more profit.

[Detritus]

It is important to make a solid research about any project before investing in their token/coin. If invested in a good project, my surgestion is to set a target at which you wish to take profit from your investment  (ROI) or opt out from the investment.  For example, around 2018 in the month of July I bought 13.5 BNB for $13 each, set a target to sell for $30 each but waited through out the year and the price even fell to $5 each, but I waited patiently. Around June 2019 I saw some potential growth and was lucky to sell all my BNB for $35 each (set target of price I wanted to sell).
  2021 around August I bought 1 BNB for $400 hoping I could sell it for $1000 if the price could possibly hit my target price before December 2021 but It did not. I would have sold for $615 but did not so am still holding.
https://imgur.com/a/GngQo1q

In crypto investment:
 .Taking profit is a personal decision. For me, I don't take profit until I see that my target price is meet.
  . I take profit most times when am not so sure about the project.
 . I have lost 80% of my investment in some token for trying to reach target but I just got to understand that is not every investment that is profitable.
 If you have made £200 ROI from your £300 investment, it's also wise to take out your profit.
 

[Ahli38]

Of course, there are many considerations and analysis that must be done before taking profit. and if the situation still looks potentially profitable or clearly visible there will still be a spike in price increases or the hype has not yet reached its peak. then I would prefer to take my capital first and let my profits to grow to be more. and before the hype peaks I'll take it all. and will be patient waiting for the moment to decline and waiting to buy back from the lows.
sometimes greed prevents us from taking profit because we expect more profits. although all of that is not certain. and that's where many people who originally made profits were thrown back into losses due to waiting too long and hoping to get more profits. without proper analysis.

The point is that when our actions are based on feelings and impulses of greed then that is not a good thing. and quickly stop.

but if our actions are based on analysis and logical and calm thoughts then that's a good thing and do it.

[Tony116]

The point is that when our actions are based on feelings and impulses of greed then that is not a good thing. and quickly stop.

but if our actions are based on analysis and logical and calm thoughts then that's a good thing and do it.

This is called always having our investment plan and goals, not being able to invest according to our emotions, that will cause us to lose more than make a profit. Once you set a goal based on analysis, we should stick to it and once we have achieved the goal, we should not hesitate anymore, always stick to the goal set. Investment planning will never let you down, as long as you do it right, you will achieve the expected success.

[lienfaye]

Taking profit or getting your initial investment are not bad and its a wise thing to do to make sure that you're out in a risky stage that you might lose your capital if something worse happen. But this still depends for each of us since we have different goal or set target price before selling. So ask yourself on what could be the most beneficial for you. Is it to take profit, get the capital then buy again during dip or wait longer especially if the coins you're holding has potential.

In my case I take profit at times. But I learned from my past experience so even I take profit, I make sure to leave some so incase bullrun occur I still have coins to rely on.

[Jody.Drummer]

To take profit that I do right now is to use stabilizes coins for staking, in my opinion with stabilizing stable coins safer and the coins that we earnings from staking can be held or immediately sell to avoid bad things, in addition to staking I also like to add liquidity, We analyze coins that have a large transaction volume so we can earning more leverage.

For now, this can be a pretty good option but when you look at the current market growth it looks like you have to be prepared to change your strategy because now they are moving towards a greener direction.
Although stablecoins are pretty good but I'm only using this for a while until the market downturn is over.

[Sanitough]

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.

Either of the two. It's all up to you how you're going to expand that money of yours and both options are good if you want to invest in another crypto.
There's really no magic on it although you are getting additional risk as for getting new crypto to invest that's the ideal one because that is what the majority does. Just do what you think is right and the experience will tell you if did it wrong or right.

None of us can make you profit, it’s your choice that will make it happen. Taking your profit and investing into another type of business can be also good, but it has still no guarantee if you’ll also make profit out from your new investment. I guess that’s how investments are, often risky and uncertain. But you won’t know the experience unless you try it with yourself, that’s where you can tell if it make profits or not, but always bear in mind that regrets has no room when it comes to investing.

[Fara Chan]

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 should take profits and then reinvest with the initial capital, because in the future the coin may not strengthen, so the potential loss is not too large, but if you like long-term investments, you might start the investment again, but it is better to convert it with another coin more potential, so you have a chance if one does not strengthen.
Everyone I know, they invest more than one coin?

[Lambe Ndumble]

If we have enough time, we have to be brave to try for daily trading, the market is always fluctuating, if today it rises more than 10% then the possibility of tomorrow or the day after tomorrow will dump, if it is profitable at least 15% then I suggest to sell immediately, but if we are Focus for the long term then whatever happens then don't panic.

[panjay]

Meh taking profit is taking a profit.

Just make sure you want to cash out and don't have a lingering feeling about a "what if I hold it longer" moment.

The best indicator for me to take profit was always when I started to calculate my profit if it goes to another x. That phase is always a good indicator to take the money off the table.