How to Take Profit in this Bullrun

[justdimin]

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.

I feel like even the simplest things do not make sense to most newbies. For example, I made a quite good chunk of money on the last bull run, now I am in big debt because it hasn't been that great lately, but I made a great profit last time, how?

Well, simply I put all my money into bitcoin, when I doubled that (which was easy) I took out half, so my initial investment was given back to me, while I keep equally as much at bitcoin, then I put it on eth, and then bnb, and many others. That way, I had so many coins with the same initial investments. Some of them kept going up a lot more, some of them didn't and I had a few which crashed to near zero as well. This is why I think it's easy to make money during bull run, just keep spreading it like that.

[peter0425]

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

I think it’s smart that you said depending on the hype as most coins don’t perform the same. It doesn’t mean that just because a coin grew is that it will continue to do so. As investors we should definitely always try to make decisions based on what we see. Factual and accurate data should be taken into consideration. Don’t depend on your emotions but rather depend on the market activity.

[pinggoki]

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,

Just like most traders that have some sense in their head, buying low and selling high should always be the case when it comes to trying to make a profit during this bullrun, I mean look at all the people that are doing it for the hype of the altcoins and not doing anything about it when the hype dies and down and they bought at the wrong time and the wrong crypto. Probably this is the only way that you can take your profit in a bullrun market, you just sell when you feel like you've already made a lot of profit from when you first purchased that crypto, never marry the bag unless it's bitcoin. Also, it would be a really helpful thing if you have a price goal in mind so when that goal shows up, you'll know that you're ready to sell those crypto.

[AVE5]

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.

That was a good idea. First no investor makes it prosperously working setting up a goal, strategious in expenditures and diversification to alternative sources.
So basically during when investor makes profits, you don't have to sell all of your coins hoping to continue buying afresh when you hears alert of possible rise of the coin in the nearest, so being saving the periods of missing out, you'd just have to sell some and have the rest hopefully to fill the loopholes that you maybe missing out at market rise again. Then you can spread out depending on your income values for the Interest of your various earning and while making profits in other ways, it's wise to reaccumulate on your crypto during the bear run and hold again for the bull event.

[LogitechMouse]

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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 already said my strategy. That's my current strategy.

I already have my price selling targets based on how much upside it has. For ex. Bitcoin for me can at least double its price when the bull run comes that's why I already set my selling targets a bit lower than my expected peak price. As for altcoins, I think I already put a selling target on its previous 2021 ATH, and a bit below if just in case it will not be reached at all as it happened to many altcoins already, but nevertheless, I believe that I will make profit in all of my coins that I'm currently holding.

What you said is my profit taking strategy, and I believe some had the same as well. If you risked your money during the bear market, you would make profit that's for sure "unless" you will choose to hold it for a bit longer of course, but overall, don't fall in love with your assets and learn to sell it for the sake of profit. You can still re-buy it during the bear market season.

[Magic-Money]

Your point view is stated clear and understanding while mention Greed and Fear in trading. Without greed you won't make (Profits) in trading and with Fear trading is not for you of (Loosing). So these twe factor's most be there in times of cryptocurrency trading platform. As a trader, first thing is to remove fear in mind, have courage of holding position and have target 1,2 and 3 of taken profits of exit point. Finally entry point matter's a lot. Be it Bitcoin or Sol or any other alt-coins in the cryptocurrency market.

[CK485]

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

by investing provides an opportunity to progress that basically no one can predict the market perfectly, but with a well thought out strategy it can be handled depending on the hype of the coin we take and it continues to change according to time, it is difficult to perform  your is thinking about profits and by setting profit targets. It's easy to get caught up in the excitement of a bull market and that,s normal

[inthelongrun]

It is way too difficult to sell on top with all the coins we are holding at the moment. So I believe that profit is profit. Small or big for as long as there is profit then it is always a job well done. The market is volatile so it is better to profit small than have regrets later on.

So far, I haven't made huge withdrawals since I am still waiting until next year which is expected to be the biggest bull run of this cycle and hopefully the trend continues. I already have my own plans for next year. But if ever bitcoin hits $100k or ethereum reaching $10k this year, I am selling a portion of my portfolio.

[d3nz]

It is way too difficult to sell on top with all the coins we are holding at the moment. So I believe that profit is profit. Small or big for as long as there is profit then it is always a job well done. The market is volatile so it is better to profit small than have regrets later on.

So far, I haven't made huge withdrawals since I am still waiting until next year which is expected to be the biggest bull run of this cycle and hopefully the trend continues. I already have my own plans for next year. But if ever bitcoin hits $100k or ethereum reaching $10k this year, I am selling a portion of my portfolio.

I highly agree with this. Taking a profit is hard but comes with a great price if you work hard and do not just buy and sell.

Some people say that doing future trading earns a lot but it would burn your assets if you don't have the knowledge, and doing spot trading an only buying cheap and worth to hold altcoins can earn you big in the future.

[AnonBitCoiner]

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.

There are different targets of selling specific coins due to which everyone is getting profit with different percentages. Everyone thinks differently and the different percentages of profit is also due to the fact that some people purchase their coins at lower worth during bear condition so if they sell it at the start of the bull season then they will be in profit while others will not be able to take the profit immediately after the initiation of bull season.

You will definitely find a better coin if you work for it and make search from different sources so you can make a good profit by putting the money in a useful coin as every coin is not able to give you profit.

[dansus021]

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

Simple just take profit when you think is enough why bother to wait and don't be greedy bro, This is my strategy Im gonna take profit when my coin is up to 15-20% of floating profit for daily trade and scalping and I'm gonna hold for long term, so If my token already reach 100% of floating profit then Im gonna take profit a half or my initial investment and then put the rest to go all the way to all time high.

But like my previous word don't be greedy bro because this emotion can kill all your profit ahahha

[Ndabagi01]

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

Mostly for a project I don’t have much conviction on to do well, if I’m able to make my capital out of it after investing into the coin, I will end my investment there. For the ones that have some level of conviction and not still 100%, I take profit partially and make sure my capital is out before any silly move on the project. The one with much conviction on the project, I apply your rule to taking profit, get a target, then DCA my way through it and most importantly, the exit time I don’t miss because much greed lead to that I don’t wanna be in that situation.

[Ricardo11]

I have invested the most in Bitcoin for the upcoming fertilizer run. 90% of my total investment I invested in bitcoin and 10% is invested in alt coins. That 10% I invested in Solana, Shiba Inu, Dogecoin, and ETH. I am most optimistic about Bitcoin. So I always invest in bitcoins, and sometimes I invest a small amount of money in all these alt coins.

But everyone's preferences are different. It is a personal matter of who invest in which coin and receive the benefits. But I think it would be better to invest in Bitcoin. Because in the upcoming bull market we will get a lot of profit from Bitcoin. It may be much stronger than the last bull market.

[sotelorene]

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?

Sorry, are you asking the forum this question or you are teaching us how to take profit cause your title sounds like you want to teach us and then your write up looks like a question and you even state some idea on how to take profit however, even if i answered your question you may not still see my strategy as something that is good or maybe you can't still hold unto it. Moreover I think you are right to an extent, most people lost or don't make profit because of greed and I think sometimes it is caused by circumstance while sometimes it is natural and fear can't only make one not to make profit but sometimes it help one not to make loss too.
I have seen a situation where someone wanted to invest in a particular project but because of fear of losing his money he stayed off from the project and later he heard that the project he wanted to invest in was a scam project so, sometimes it is good to have fear.

[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?

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.

Most people learn by experience and others learn from the experience of others. The latter is desirable

[wtsimis]

You must invest long-term if you want to get good profit from trading. Short term investment will never give you good profit. You will never have the patience to reach your goals while making short term investments. Moreover, there is no way to be sure that the currency you choose will reach your setup goals. So it is good to take profit from small gains during short term investment. Moreover, you can use stop loss and take profit strategies to reduce losses.
The most noticeable thing is that it is very likely that there will be a bull market in the coming days. So trust in long term investment.

[pancakebirb]

I learned from experience that when we trade or invest we also need to monitor coin movements so as not to miss the opportunity to sell. On the one hand, make decisions in every step you take, for example, don't be greedy when you make a profit. I always apply this and can at least minimize the risk of loss.

[laijsica]

I learned from experience that when we trade or invest we also need to monitor coin movements so as not to miss the opportunity to sell. On the one hand, make decisions in every step you take, for example, don't be greedy when you make a profit. I always apply this and can at least minimize the risk of loss.

Investing profit is basically only considering selling in the context of bull run may not always be correct. You may have had dips a month ago which is currently crossing bullish but it may be that the uptrend may continue for longer and if you decide to sell you may have made some profit but may regret it more in the future. Most of the time investors may not get the dips they want which is like short time interval selling decision to withdraw from high profit. Here mainly greed works among investors which withdraw for small profit.

[mich]

Well I did learn from my experiences when we do have these 'bull runs'. For me I want to take some of my profits but then I see if I did wait it would be bigger profits.

It is better for us not to sell during the 'bull run'. And only to sell our coins if we really need the fiat but to hodl it for long as we need them to.

[Asyifiah]

I see what you mentioned here is how to take profits using the method you use, as we know in a bull run market it will be easier to take profits in the short term and also in the long term. The point is, in making every decision, don't rush and remain consistent with your own research. If you are sure you want to enter or want to buy, continue, likewise, when selling for 10% or 5%, don't be too ambitious in making big profits.