How to take profits?

[BitKongy]

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:
 .Tasking 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.
 

I can see where the error came from, you sold too early probably because you invested for short-term gains, imagine holding your bnb @13$ and selling at 400$/each, that's what a holding looks like, the best way to place your target is using BTC halving, that's always when money comes into the market.

[Fredomago]

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.

Whatever the amount, profits still a profit as long as you gain and you are okay with the money that you take, never hold back as it can backfire on you when you feel greed and instead of selling you keep the coin and dump take place. It would be another problem once you sell your asset in the wrong time.

Selling it at a loss instead of getting something decent from the amount that you initially invested.

It's your own take though, and we do have differences in terms of setting our targets.

[Mame89]

each investor must have a different nature in terms of taking profits. and what to do with these advantages or choose to buy coins that have great potential. for me to take profits, I have to do that money can be processed again or money that works in terms. Staking, deposits or the results of these profits can be done to buy other coins for the long term. there are many more for us to manage using it. or enjoy the fruits of labor

[Anonymous100]

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.

Taking a low profit is better than ignoring the existing profit. Because with these profits, you can invest in the next opportunity. If with Euro 300 you can get 0.163 ETH, then Euro 500 can earn 0.272 ETH. So in my opinion, taking advantage of any amount is the best solution than ignoring it.

[Yatsan]

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.

Taking a low profit is better than ignoring the existing profit. Because with these profits, you can invest in the next opportunity. If with Euro 300 you can get 0.163 ETH, then Euro 500 can earn 0.272 ETH. So in my opinion, taking advantage of any amount is the best solution than ignoring it.

Profit is profit. No matter how big or small it is, the aim is not to lose an amount of what you have invested or bet. This is where greed plays a role to some people. There are instances wherein investors are aiming for a bigger profit but since this market is unpredictable, things could change in an instant. This is why taking the profit would be best. There are also instances wherein profit gets bigger but that would be a gamble. Setting a mindset that a small profit would be enough, ATLEAST, is far from risking it all and ending up losing for that day.

[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.

Taking a low profit is better than ignoring the existing profit. Because with these profits, you can invest in the next opportunity. If with Euro 300 you can get 0.163 ETH, then Euro 500 can earn 0.272 ETH. So in my opinion, taking advantage of any amount is the best solution than ignoring it.

Profit is profit. No matter how big or small it is, the aim is not to lose an amount of what you have invested or bet. This is where greed plays a role to some people. There are instances wherein investors are aiming for a bigger profit but since this market is unpredictable, things could change in an instant. This is why taking the profit would be best. There are also instances wherein profit gets bigger but that would be a gamble. Setting a mindset that a small profit would be enough, ATLEAST, is far from risking it all and ending up losing for that day.

It is very common that someone that is expecting huge profits out of an investment that they made decides to not sell their coins when they are making a small profit, and this can be a huge mistake, because as you say making profits, any kind of profits no matter how small, is way better than to take losses, maybe having small profits out of each trade is not going to make you a millionaire immediately but if you give it enough time and you are able to remain constant while keeping your losses as small as possible then it is just a matter of time before that happens.

[tygeade]

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?

I do agree with this. I have done something similar like this before and the idea was that I would invest, take out my initial capital and reinvest that to something else. Which means that eventually I would have my money back, and investment into plenty of projects. It worked until a point, I had 11 coins/tokens that I invested into without a single payment out of pocket, I would double my investment and take out my initial capital, that way I would leave with my initial investment amount in there without any money because I took my money out.

I eventually reached to a point where it was bear market and I lost it on the last one, and everything else dropped too, so all my investments totals became my initial capital, but I believe in the future when bull comes, it will be awesome again.

[Iranus]

I eventually reached to a point where it was bear market and I lost it on the last one, and everything else dropped too, so all my investments totals became my initial capital, but I believe in the future when bull comes, it will be awesome again.

As long as you invest in the top coins that are not the shit coins then when the bulls come your investment will quickly return to the way it was.
Taking profits is the right thing to do, because we won't know what the final top of that coin will be. Should take partial profit and if it is a potential coin, wait for it to correct, we can reinvest with it or also choose another potential coin.
This is a smart investment for those who do not have a lot of initial capital and we can multiply the capital if we persist in applying this method.

[freedomgo]

If you feel and believe the market is going up but want a safe investment.

Then, taking initial investment and keep the profit on your coins is a good way. In-case some shit happens and you miss prediction, then you're only losing estimation profit not your money. Most mistake people is not taking the initial investment, and keep holding while they don't know anything about the market it self.

Ended with loses ~XD Especially while you're trading with shittoken/meme. The volatility is really high, you need to secure initial investment first.

Well, everyone has its own individual's choice. If you want to secure your money especially that crypto investment is very risky and is very uncertain, then always take out your initial capital as long as you have seen that there is growing profits already. If your investment will move smoothly, then your profits are already enough to gain additional profits. At least whenever the price drops drastically, you don't have to worry that much.

[capedbaldy]

Well, everyone has its own individual's choice. If you want to secure your money especially that crypto investment is very risky and is very uncertain, then always take out your initial capital as long as you have seen that there is growing profits already. If your investment will move smoothly, then your profits are already enough to gain additional profits. At least whenever the price drops drastically, you don't have to worry that much.

We can use the above strategy when the market shows indications of market growth but you should invest in top coins instead of following the hype of coins that are being increased in popularity by big investors. But you are advised to take profit when the coin price increases because the behavior of many investors is not ready to accept losses when the market resistance occurs causing the coin price to decline.

[rhodelmabanal]

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.

We have different strategy with regards to investment, for me i will always get the profit big or small but most of the investors wanted to get profit when its already big, for the small investor like me it is risky to wait for the big profit specially when it comes to crypto because crypto price is always moving and hard to predict so it needs a proper analysis and understanding.

[Jatiluhung]

when i get profit then i think to take it all. capital and profit. and back in line to buy at a lower price. because the market doesn't always go up and doesn't always go down. so that's how i profit in my trade. some time ago I had a different view by setting aside profits not to be taken. but I now prefer to take them all when I have made a profit.

[minairia3]

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?

I agree with you, if there is a profit to be made, it is best to take the profit and wait to buy when the price corrects. The market is very unpredictable so you should know how to stop at the right time, not be too greedy, to survive in the market. If it is a potential coin then watch closely to buy back at a lower price, if it is a junk token then you should ignore it and invest that part of the profits in a top coin to ensure safety.

[maartenhaha]

I will sell the coin when the price goes up, usually if the coin price goes up, the coin will go down again when the coin goes down so I buy it back. usually i do like this to get profit in coin investment.

[BobK71]

It depends on your strategy. If you feel you want to withdraw your invested money and continue to reinvest with profits you can do that. If you think that you will only withdraw the profit, you can also do that. Many people think return on investment is better. In this regard i think it is better to consider your withdrawal by looking at the nature of the market movement.

[Dr.Osh]

It depends on your strategy. If you feel you want to withdraw your invested money and continue to reinvest with profits you can do that. If you think that you will only withdraw the profit, you can also do that. Many people think return on investment is better. In this regard i think it is better to consider your withdrawal by looking at the nature of the market movement.

Yes, this is actually the best way. however, I myself am currently still using the first strategy, which is to take the capital I have, and use the profits to invest in various places. this allows me to avoid risk, and will only lose profits if the investment fails. however, when the investment is successful, then I can expand it again.
some people also use the latter, with a considerable risk of using their capital and taking the profits. this is quite risky because when your profit is smaller than the capital you use, then the risk is still there. however, find your own way that is comfortable for you to use.

[MarjorieZimmermanGinger]

There are many ways to take some of the profits we have earned from the investments we have made.
first you can withdraw a profit of 300 euros from the initial capital, here you have earned a profit of 200 euros according to the assumptions you provided, so that 200 euros is a net profit from your investment.

Secondly, you can reinvest 300 euros of capital, or you can scale your withdrawals, from 20-30% onwards.
A case like yours is not so difficult, because you have already made a profit from the authorized capital?

[Fredomago]

It depends on your strategy. If you feel you want to withdraw your invested money and continue to reinvest with profits you can do that. If you think that you will only withdraw the profit, you can also do that. Many people think return on investment is better. In this regard i think it is better to consider your withdrawal by looking at the nature of the market movement.

Yes, this is actually the best way. however, I myself am currently still using the first strategy, which is to take the capital I have, and use the profits to invest in various places. this allows me to avoid risk, and will only lose profits if the investment fails. however, when the investment is successful, then I can expand it again.
some people also use the latter, with a considerable risk of using their capital and taking the profits. this is quite risky because when your profit is smaller than the capital you use, then the risk is still there. however, find your own way that is comfortable for you to use.

Absolutely! find the best way that fits t your characteristic, if you are good in taking a big risk you can move and collect the profits and let the main capital to roll again, while if you are a conservative type you can withdraw the main capital and start with the profits that you gain, after that you just need to wait if you will compensate more and if the project will continue to pump.

It's an idea that will let you bring something out of your investment, something that you can enhance further..

[dlightag]

Taking profit is the one of the major thing to know, in cryptocurrency trading or investment to enable the investor to remain on board to keep investing and trading while having target profit to in trading or investment.

[First Registration]

As you say. It is true that a good trader always gets profit. The reason is that no matter what he does, he thinks a lot. And it is natural that the market will always be good or bad. So if you trade then never do it on a coin or token. Then you can expect profit.