How to Take Profit in this Bullrun

[Wenbing]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

[batang_bitcoin]

How do you take profit? Are there other strategies for profit taking?

There's none, as long as it's above the buying price whether it is 1% or 1x or so, as long as it's more than the capital that I have spent for it. Fortunately, I am more than 100% in profit from the coins that I am holding and mostly it comes from BTC. This is the power of holding and I soon will get my profits because I will not be profitable if I won't take it, right? That doesn't makes sense and this upcoming bull run is going to be bigger than 2021.

[Spaceman1000$]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

The idea you've listed on profit taking, is virtually what every investor would do, though some will still hold on till the profit reaches 100% based on what they've predicted the market cap will rise to, However some person's will argue that, 50-60% of your profit should be enough for you to take, as exceeding that will be greed. Don't forget that, you can successfully hold your coin for long period for it to yield good profit, and Bitcoin is the only major coin that has that capacity, others are too unpredictable so is not advisable to hold for long, so hence you get a little percent above your capital, it's advisable to take profit.

[Hewlet]

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

when it comes to executing clearly spelt out plan as this, it's sometimes easier said than done. If only you can allow greed to go out of the equation then such a plan as this is not bad. But I don't really feel it's my thing to invest in altcoin using this kind of approach. If I'm investing in an altcoin, I do use an amount that's not much for the investment and then when I feel comfortable to take out my profit, I just take it all out and maybe  if it pleases me to go back into buying the same coin or another coin, I can decide to use the whole money for that purpose or part of the money for the purpose but the whole point here is that to minimize my risk factor, I try to go all in and come all out rather than trying to be too smart with investment.

Greed is a major thing that has led so many persons that made some profit at the time they started off there investment and were in profit to keep holding on to there asset even at the time they where supposed to have sold it. As much as we've got hypes all around the systems and somany faithfuls that will keep advocating that the coin will do better than it current worth, as an investor, you have to have an exit point where regardless of the pressure to keep holding on to your coin, you dicide that it's time to go off the market. But if you're a risk taker that can afford to loose part of your asset should anything goes wrong, then working with a strategy as this isn't bad and will even reduce the overall risk you're taking to HODling your coin.

[asriloni]

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

Good example but as many people experienced that if they would be always regretting it once their holding gone more than 5x or even 10x during the bullish market. I was rarely doing this thing but im always holding it for long term. It's always paying off.
Just like when i bought ethereum @1900 then hold it till now when it's doubling my initial investment + i got additional income from staking my ethereum into the LRT staking platform to get free airdrop + yield.

You can get a few beneficials at once.

How do you take profit? Are there other strategies for profit taking?

I was rarely doing it. I prefer to hold it all for long term to get maximum profit. It's kinda stupid to sell it gradually. Imagine when you sell it when it was only giving you 40% but a month later it goes 400%.

Im always demanding maximum profit from my investment. Just like when i bought my ether @1900, i never sell it till this time.

[3la9l_kolbaCa]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

I'm using buy and sell strategy for my ethereum holdings which serves as my stable profit during bullrun. That's simple to do if you knew how to read the chart, and analyze the trends. Familiarization of candle sticks is very important, study everything and nothing will be impossible but profit. Risk and fear is always present just learn to control it.

[betswift]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

In my opinion, the DCA strategy is the best way to buy and TP. Don't be greedy; that's very important!

[btc78]

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

I think it all depends on the situation.

Taking profit should differ case by case. If a coin is still expected to go up but you want to be safe, taking 50% would be good to leave some and let it grow. However some coins do decline in price even after having such an impressive growth. In that case wouldn’t it be best if you take all of your profit?

This is why it’s important that an investor or a trader knows how to analyze the market and act accordingly to the best possible outcome.

[Shamm]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

I'm using buy and sell strategy for my ethereum holdings which serves as my stable profit during bullrun. That's simple to do if you knew how to read the chart, and analyze the trends. Familiarization of candle sticks is very important, study everything and nothing will be impossible but profit. Risk and fear is always present just learn to control it.

absolutely mate we need to control our fear  inorder to prevent losses cause once our fear will take over us then we will be greedy and there's a possibility that we will loss our holdings or investment cause we will sell our coins even though the price is too low it will happen because of our greed and also greed will come once we cannot control our emotions and fear. also in investment we need to try and risk our money in order to have a good profit in the future. Risking us good a trusted coins so we need to buy the trusted one.

[electronicash]

if you bought SOL at $5 then you could really be accumulating every time it dips.

the market will obviously be overbought at its piece peaks which you should be selling at it peaks and wait for the market to reset the momentum to buy back to increase your holding. you could take a profit too but definitely not the kind of things you would be thinking when the bull run is yet to come.

[jrrsparkles]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

You are absolutely nailed it about the part of making and taking profits is different cause this is where most people messed up, even when they made huge profit they just waited for the price to increase more and guess what most often they will end up zero.

So it's important to take out the profits which is better strategy than waiting for the moon because we never knew what's going to be ATH and how long the price is going to be bullish.

[DeathAngel]

Just set up a sell ladder, obviously never sell 100% of any particular coin, just incase it continues to rise & you’re left holding fiat. You’re never going to time the exact top of any run up so make peace with yourself on that. Thd next 12-18 months will be a big bull run. Make sure you allocate the fiat derived from these sales to something that betters your life & keep some of the fiat aside to buy back during the inevitable bear market in a couple of years.

[kentrolla]

There no way this works because how sure are you that the selected coin will reach the target you have set up ? I think it's wise to take profit as and when we are in profit, we have SL and TP to utilise the profit to maximum and reduce losses to an extend. The strategy you said may work on long term investment but there is no chance this would work in trading as we need to understand the basics different between trading and investment as trading are short term and daily wherein investment is for long term.

[dunfida]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

Here's my words about those points above.

#1. Risk management would be always that recommended or something that should really be in default.
#2. Greed is normal and having that control wont really be something that will be easy and also as fear since we are just humans then it would be normal. Enough experience would be the key on this one
#3. This is whats the most important thing is that you should really know on how to take profit. You wont be considered yourself profitable if you dont know on how to secure profits.

#4 Always make up some research on what are the coins that you are tending to deal with. You cant just careless pick up with low MC's and assume that it would be making out some nasty 100x.
#5. DCA only on solid projects or something that do talks about with those old and established coins.

Whatever you do into this market then it would really be something that will be basing up on how well you do make out those kind of decisions
which would be reflecting out on how experience you do are on this market but make it sure that in every move you would make then you should be thinking up well
whether it would be viable or something that you should skip out.

[DiMarxist]

How do you take profit? Are there other strategies for profit taking?

Since you only dwell on trading and not in investment then there are different ways one can make profit from trading. And I will also start from the greedy type. When you are trading don't aim at Nigeria or huge profit but state with little profit. And one thing in trading is that, the more capital you use the more you benefit and you profit will increase. Example, if you deposit $50 to start the trading and you made $10 from the trading collect it and take the profit then use the $50 again and if you repeat that for like 5 time a day then you will make good profit from the little trading.
But the greedy traders would like to make a profit of $100 from the $50 trading. As I said in trading the more you deposit the more profit you make.

[Fiasem20]

There are different means every crypto users take their profit.The motive of making profits in greed is totally wrong.Making and taking profits differ,most investors/trader are looking for small profits with the fear that there's gonna be a decline in price while some are targeting huge profit with the belief that the price will keep increasing in the future,but at times expectations in the crypto space may not work out as planned due to the volatility,so greed shouldn't allow crypto enthusiast to miss out.

[ajiz138]

I personally tend to buy at low prices and sell when the price has risen, from the past until now I still use this strategy, until now I have never traded or made any bets with altcoins,

LOL everyone knows buy low and sell high, but the problem is how do you do this challenge? It's easy to say and hard to practice.
You know how altcoins often drop dramatically and never return to the initial purchase price, will you always be profitable? Of course not, right? I used to feel how to buy at a low price what happened the altcoin even went down again.
So altcoins are full of challenges, when you hold for a long time then you will be full of risks where prices continue to fall.

[livingfree]

Are there other strategies for profit taking?

I think it is the common and you've said it about DCAing. This one;

2. DCA out at every milestone of the project.

You sell whenever you are in profit and you just do it every time that you're going to need some money. But apart from that, as long as the price targets are being hit, you'll sell maybe 10% or so depending on how much you need.

Not another strategy but it's very common when someone does this because it's very effective and the rest that you still hold could bring no longer heart feelings when you've taken out already huge profit.

[Wenbing]

Crypto trading and investing has many challenges. However some that stand out are;

1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.

I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.

For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.

How do you take profit? Are there other strategies for profit taking?

The idea you've listed on profit taking, is virtually what every investor would do, though some will still hold on till the profit reaches 100% based on what they've predicted the market cap will rise to, However some person's will argue that, 50-60% of your profit should be enough for you to take, as exceeding that will be greed. Don't forget that, you can successfully hold your coin for long period for it to yield good profit, and Bitcoin is the only major coin that has that capacity, others are too unpredictable so is not advisable to hold for long, so hence you get a little percent above your capital, it's advisable to take profit.

What level of unrealized profit is actually greed? For instance some people sold BTC at $500 while others are sold at $70k. Some people are still holding. What level of Unrealized profit can be considered greed and fear?

[Wenbing]

Are there other strategies for profit taking?

I think it is the common and you've said it about DCAing. This one;

2. DCA out at every milestone of the project.

You sell whenever you are in profit and you just do it every time that you're going to need some money. But apart from that, as long as the price targets are being hit, you'll sell maybe 10% or so depending on how much you need.

Not another strategy but it's very common when someone does this because it's very effective and the rest that you still hold could bring no longer heart feelings when you've taken out already huge profit.

If this is the approach how will people make life changing money?