How to take profits?

[tbterryboy]

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 think the situation depends. If you are a long term hodler then a 200 euro profit will look small to you so you wouldn't touch it but you need to aim for a better return. Those downs that you saw are only temporary so that shouldn't scare you but in order to prevent it, you can stay offline for a while and only come back after a long time.

If you are short or mid term investor then I think it's not bad to take that 200 euro or you can also take out your 300 euro starting capital so that you will not risk anything and in case the outcome is a loss, you won't feel bad but if the outcome is positive like the 200 euro became 500 again, you can repeat the same process, by taking out the 300 euro profit.

[Subbir]

If you have a good understanding of the market, it is possible to earn good profits by trading before trading you must have an idea of the market conditions and the correct currencies. Also I think long term investment can give good returns no matter where the market goes hold on to the right coins and get good profits.

[carlisle1]

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.

Good trader always look for a good asset to work with, both long and short period good traders will manage to compensate and enjoy

the outcome of his investment. Nothing new to experienced traders, they will keep their eyes open and will work with every potential

coin to invest and try to make decent amount of benefits.

[Ayers]

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 think the situation depends. If you are a long term hodler then a 200 euro profit will look small to you so you wouldn't touch it but you need to aim for a better return. Those downs that you saw are only temporary so that shouldn't scare you but in order to prevent it, you can stay offline for a while and only come back after a long time.

If you are short or mid term investor then I think it's not bad to take that 200 euro or you can also take out your 300 euro starting capital so that you will not risk anything and in case the outcome is a loss, you won't feel bad but if the outcome is positive like the 200 euro became 500 again, you can repeat the same process, by taking out the 300 euro profit.

also, it depends on the coin you are holding, is it a potential coin or just a shit coin, with the shit token, keeping it offline and holding it for a long time is a bad idea, it is only suitable if you are holding potential coins
200euro profit from 300euro capital is not small, you are making a profit close to x2, which is a big profit
you should take half profit because bear market is hard to profit, you can reinvest when that coin corrects

[AnonBitCoiner]

it is so simple. first, you should get knowledge about that token which you want to buy. means go on Twitter, Facebook, and Google and search for that project. then buy if you get satisfaction.you will get good profit because you first researched then you bought.

[ItsCrafty]

Those who are successful traders always keep their eyes on their profit because they always keeps the price predictions chart with them selves. They never miss their profit, if they know that the price of the coin is increased and now has some percentage of profit so sometime they sell that coin and by selling that coin they make investment again in that specific coin to get profit or they invest that percentage in some other beneficial coin. They always prefer that way in which they get more income. So same is the case for yours always concentrate on your own profit and  select the way which is profitable.

[serjent05]

Always remember no matter how huge is the possible profit if we fail to sell them then it doesn't count.  We must sell our holdings in order to say that we got a profit.  If it happens that during the sells of the holdings we happen to find a  new altcoin that may bring us another profitable trade, then I believe we should investigate it first before buying them for profit reason.

[BAGOBO]

For day trading I used to take my daily profit. And always keep a fixed amount for investment. Sometimes I don't face any profit in day trading and even if the loss is small, cause I currently use Binance's stop limit option.  So that in case of loss, I can recover it later.  It has happened to me many times in the beginning that after seeing some profit, I re-invested with that profit and then faced a good loss.  So currently I keep a fixed amount for day trading from which I can spend my hands with profit.

Trading for daily gains is very risky because we take advantage of repeated price movements to buy them at the daily lows and sell them at the daily highs, but the risk is that if the market declines significantly at that time you will look for high losses. So day trading is very risky due to the market impact of the volatile Bitcoin price.

[antsam]

I think it depends on your personal strategy because the core of the investment is that you get profit from your money. Whether the profits are withdrawn to be invested in other projects or attract capital to be invested in other projects, both in my opinion are the same and are very good as investment diversification.

It's true that everyone has their own strategy that they apply to be able to take advantage. I think that's how we see a more favorable situation. As you said, you can withdraw profits or withdraw capital and let the profits in the assets that we have. I personally prefer to let the profits work for us.

I also prefer it that way, profits work for me because if you can have profits, it means our investment is very successful and can diversify investments again into other projects

[Pelana vreo]

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

Profits come from many factors, you can hold or trade with several portfolios, if you feel that the tokens or coins you hold are minus, then you have many choices by selling a loss of 30% of the initial capital and looking for new tokens that have the potential to increase in price. , all tokens and coins prices are currently down, this happens because the price of BTC is going down, you can buy lots of tokens for 300 uero, but there is no guarantee of profit because all tokens and coins fluctuate

[bonyaserg]

For me personally, profit-taking is when the amount invested fully pays off from the profit. If I invested $300, then the profit would be $600. And my next operation will be next. I take this invested amount, and with the profit I make, I put it back into the business. And so I always have income from profits.

[Fredomago]

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

Profits come from many factors, you can hold or trade with several portfolios, if you feel that the tokens or coins you hold are minus, then you have many choices by selling a loss of 30% of the initial capital and looking for new tokens that have the potential to increase in price. , all tokens and coins prices are currently down, this happens because the price of BTC is going down, you can buy lots of tokens for 300 uero, but there is no guarantee of profit because all tokens and coins fluctuate

That's the idea, there's no assurance but you can take your chances, if you are done doing your research and you already set your position the next thing to do is to wait for your investment to grow, it's not a good practice to sell with losses and try to find another coin to invest, the chance that you may lose again is very possible, it's better to research and set your target, the market currently is down and if you see good coin to invest believing that it will pump back then go and invest.

Daily Trading is the easiest thing for profit, many choices of coins that we can choose, if we have big money, I suggest to buy at least 10 new listed coins and wait a maximum of a month, usually new listed coins will skyrocket in the short term.

Not a good encouragement, especially for the newbie. Day trade is good if you have deeper knowledge about this business, but if you are new to this business, day trade also can lead you to losing your investment. Always do your DYOR before making your way inside this industry. It's safer and lesser risk if you what you are doing.