How to Take Profit in this Bullrun

[Cadaver20]

Strategies are different from person to person. If you want to profit during this bullrun, you must first find some very potential coins. Other than 5x or 10x return cannot be expected. But what I think is whenever there is 5x profit we should take it. I sell the entire coin in my case and try to find another potential coin.

[Silberman]

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?

There are many ways to take profits as a trader and my favorite is a trailing stop loss, so if for example your stop loss was 5k below the current price of bitcoin, then if the price rose up all the way to 90k, your stop loss will be automatically set at 85k, this way whenever there is a reversal on the current trend on the market you can close your position and take profits, however if you find that this strategy works for you, keep using it, as sometimes it is way more important to use the tools we are already familiar with and that have shown that are effective in our hands.

[terrific]

I think that with this bull run, many are going to start taking profits at least 50% from their portfolios. We don't know what's with the future.
But if this market grows more than what we are expecting then the remaining 50% of the portfolios will continue to do its job for the future growth.
Don't just hold, I know that most of us are holders but you should take advantage when you're in profit.

[Coyster]

I sell the entire coin in my case and try to find another potential coin.

I can understand this strategy when you are buying altcoins, they usually do not have any use case and they are sustained by only hype, so better to take ROI when you can can, before the coin dumps and you become a bagholder.

But if it is bitcoin you are hodling, selling everything isn't a wise choice to make, you can sell some of your bitcoins and take profit, or convert all of it to usdt, take what you want as profit, and convert back to bitcoin when the price drops, but i wouldn't advise that you sell all of your bitcoins.

[o48o]

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?

This is actually pretty much my style, but i don't have any dca rules set up like selling 50% after 5x. I mostly adapt to news and markets and don't believe that everything will go up. And many times i am just cutting my losses and selling on loss too.

But i definitely support the idea of slowly DCA:ing out. For some reason peolpe think it's only for accumulating, but it's definitely legit way to exit. And it leaves a possibility to have a moon bag. Also depending how much you own, exit like that can be good for the markets, as you aren't dumping price, but slowly setting sell orders or selling smaller amounts.

But yeah, psychologically it's way harder to me to take profits then ragequitting and selling on loss. Because it's easy to sell something you have started to hate then sell something you fell in love into, and you started to believe the moon talk, and how it's going to be a next top 3 coin. It's really easy to buy into something like that as it's hitting all the right psychological keys. When we make money, we start to think it's because we are geniouses, and that's something we want to believe. And selling it would mean we had to find something else to invest to, and that can be really hard work. So we keep on sitting on our pile of coins and hope they will grow and that would be enough.

[Wexnident]

~

Ultimate basic is to buy low sell high. Nothing else matters as much really imo. After you profit, it's just a matter of how greedy you are for profits before you're able to determine when to pull out or continue risking it. Personally from my experience if I'm doing shorts, a profit of 3-4% is usually enough for me to pull out, and if I'm greedy then a maximum of 5. The best I had while waiting in a day was 10%. I'd suggest looking into coins that are booming or are moving in an extremely volatile way. If you time it right you can profit pretty good in a couple of hours.

For long term, as you've said, I just DCA and wait a couple of years. It's just a waiting game after all.

[oktana]

For me it's simple, what I always do is just take the right moment in my opinion by going through quite convincing research stages, such as looking at bear market movements to start investing and when the bull market is the time to take advantage, but the weakness of this strategy is that it takes time. a long time to get the benefits

The research stage should be before you purchase the token. And when you have, you should have already defined at what price you wish to take out your money. That’s very important because if you don’t. You’ll see 2x and then you’ll decide you want to take profit in 2.5x and you won’t stop saying it. Not until the dumps and you take 1.5x.

[goaldigger]

For me it's simple, what I always do is just take the right moment in my opinion by going through quite convincing research stages, such as looking at bear market movements to start investing and when the bull market is the time to take advantage, but the weakness of this strategy is that it takes time. a long time to get the benefits

The research stage should be before you purchase the token. And when you have, you should have already defined at what price you wish to take out your money. That’s very important because if you don’t. You’ll see 2x and then you’ll decide you want to take profit in 2.5x and you won’t stop saying it. Not until the dumps and you take 1.5x.

That’s true, setting the target profit and the cut loss level should be done before you execute a trade because this will serve as your guide for you not to be greedy. Taking profit is a must but many don’t know when to do this because they are hoping that much for the price to pump higher. In this bull run, you should know when to exit because the next cycle is a bear market, and we all know it is inevitable.

[Mate2237]

The risk is fully implemented in the trading but foe the investment it is very minimal. In the investment you buy the dip and hodle and when the price is okay for you to sell it then you sell and take your profit. But in the trading you have to be good trader to make profit. In the trading you don't have to be greedy and don't rush when you trading. In trading don't just enter the market and trade because your friends were making profit but learn well before join the trading train.

Not everyone trades make profit, many are there to lose and be wise so that you won't join the crew of losing to trading. As it is said, the risk is always found in the trading.

[Kelvinid]

What make some people not to make profit is fear and greed.

Nothing happens to us if we are always afraid but if we talk about greed, that is possible despite people thinking it was bad.
In this world, even outside crypto, we need to take risks and we need to stay out of our comfort zone in order to improve. Making a profit here is not just we dream and plan but should be properly executed and must take risks.

Yes, DCA is a good strategy, yet choosing a potential coin is also very important. Many investors fail not because they have fear but also the choice of project to invest and this is a very common reason, especially for newcomers.

[God bless u]

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 best way to take profit is by calculating the amount of risk you are taking in your Investments and then controlling your greed once the investment is being done.

You should have a certain amount of profit in your mind based on the calculations you made while taking and analysing risks and profits. Once you get the desired profits then exit the market don't wait. In this way you can make good profits and minimise losses.

[blckhawk]

Easy, I just buy all the crypto that I think will have a possibility of pumping up in prices and then when I have a sufficient amount of it in my possession, I just hodl it and if I see that there's more potential that I would profit even more, I buy more through DCA. Just always remember the saying that "You should buy low and sell high" and you will be just fine. Also, don't buy a cryptocurrency during the middle of it's hype, you're going to regret it especially with altcoins and such.

[AnonBitCoiner]

The research stage should be before you purchase the token. And when you have, you should have already defined at what price you wish to take out your money. That’s very important because if you don’t. You’ll see 2x and then you’ll decide you want to take profit in 2.5x and you won’t stop saying it. Not until the dumps and you take 1.5x.

It is necessary to search before putting money into any coin because if you invest first and search after investment then if your coin is not trustworthy then you will surely be in loss. Another thing is to set a target, if you have not set any value for selling your coin then you will have no idea what to do at price surge and is it better to wait more or sell the coins.

One can only be successful if he knows the time for buying and selling and has made deeply research then there will be a possibility that his earning will be better and his loss will be minimum because knowledge and searching are crucial.

[jasonjm]

The research stage should be before you purchase the token. And when you have, you should have already defined at what price you wish to take out your money. That’s very important because if you don’t. You’ll see 2x and then you’ll decide you want to take profit in 2.5x and you won’t stop saying it. Not until the dumps and you take 1.5x.

It is necessary to search before putting money into any coin because if you invest first and search after investment then if your coin is not trustworthy then you will surely be in loss. Another thing is to set a target, if you have not set any value for selling your coin then you will have no idea what to do at price surge and is it better to wait more or sell the coins.

One can only be successful if he knows the time for buying and selling and has made deeply research then there will be a possibility that his earning will be better and his loss will be minimum because knowledge and searching are crucial.

Buying low and selling high is the ultimate strategy for profit-making. It depends on the person, and how much profit he expects from his investment. For example, I set a certain percentage/ amount in my mind and when the price reaches that target, I sell.
Searching for potential coins is the most important step in investment. Once identified, invest and be patient because the price will eventually go up.

[MusaPk]

I sell the entire coin in my case and try to find another potential coin.

I can understand this strategy when you are buying altcoins, they usually do not have any use case and they are sustained by only hype, so better to take ROI when you can can, before the coin dumps and you become a bagholder.

But if it is bitcoin you are hodling, selling everything isn't a wise choice to make, you can sell some of your bitcoins and take profit, or convert all of it to usdt, take what you want as profit, and convert back to bitcoin when the price drops, but i wouldn't advise that you sell all of your bitcoins.

It's best strategy to quit Alts as soon as you see adequate profit specially if the alts are new and not among top alts listed on cmc. Once you are struck there is possibility that you will remain there for long time or may be forever.
We can't compare Bitcoin with alts just like we can't compare apple with oranges. I can HODL bitcoin forever since I have trust that it won't disappoint me. Take profit from Bitcoin from time to time but never sell all your Bitcoin Hodlings.

[GideonGono]

It is different for me every time that I would take profit.
There are times that I would leave my capital on the same crypto and I would just take the profit to invest it on other alt-coin or cash out, there are also instances when I would sell off all the crypto on my portfolio, and hold it in USDT to wait for the market to go down then choose which alts would I invest in.

[Freddie Boyer]

It is different for me every time that I would take profit.
There are times that I would leave my capital on the same crypto and I would just take the profit to invest it on other alt-coin or cash out, there are also instances when I would sell off all the crypto on my portfolio, and hold it in USDT to wait for the market to go down then choose which alts would I invest in.

This is an effective tactic because if the coin has potential then we will no longer be able to get the initial low buying price unless a hard correction in BTC occurs. By taking a little profit and diverting it to other cheap coins, it will increase the opportunity to increase our investment estimates, meaning there will be additional new coins in our portfolio.

The most interesting thing is, you don't go all in and save USDT reserve funds in your account. It's good enough to be adopted.

[jacafbiz]

What I most do is to take my initial out after 2X or 3x depending on the hype and later scale out at 5X 10X and so on, most people always forget that not every coin or token will bring 10X and above return on investment (ROI), taking your initial out give you the bullet to fight another day and most of these gains are paper profit, you need to take them before the market take them away

[MRY]

What I most do is to take my initial out after 2X or 3x depending on the hype and later scale out at 5X 10X and so on, most people always forget that not every coin or token will bring 10X and above return on investment (ROI), taking your initial out give you the bullet to fight another day and most of these gains are paper profit, you need to take them before the market take them away

Only some people forget about tokens like this. We as traders can of course give advice to new traders who don't really understand to remain careful when they want to invest in tokens. So far there is no token that can guarantee as much profit as you mentioned.

[wheelz1200]

I do basically the same thing, pick a target and stand on it.  Too many times people pick a target and it hits it but then greed sets in.  There is nothing wrong with profit taking and leaving more profit on the table.  You just have to tell yourself nobody can perfectly predict the market and sell the very top.  Stick to.your own rules and don't break them and you should be in profit because all cycles go way up and way down.