How to Take Profit in this Bullrun

[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.

[arufox]

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

[betswift]

Everything depends on your strategy, but the best option is to take profit step-by-step. e.g., put an order for every 10% up, and never try to catch the bottom and highs!

[GigaBit]

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.

Trading is definitely a challenging task. Greed, fear and risk all exist here. Those who do trading can understand these things. There is risk in every trade and it is with this risk that a trader has to manage the trading activities. If there is profit from trading, then taking that profit is definitely the right decision. There are many people who are greedy they don't want to withdraw their profit but they want to get more profit from a coin but then the price of that coin goes down further and at some point they have to lose. So whatever you do, if you get 20 to 30 percent profit on your investment, take that profit immediately. Although each person has a different strategy in trading, the objective of all is to make profit. When someone is in profit, if he can not withdraw the profit, that is his failure.

[EarnOnVictor]

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.

In my vast experience in trading and investment, I believe stop loss is missing here. It should be the number 4 because there is no way you can reasonably consider a take profit as a factor without considering the stop loss as well, otherwise, the trader/investor is not considering the proper risk management at all, just like some overconfident traders/investors do.

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.

Sorry to say this, but you are wrong. If you are in profit, what are you still afraid of? If you like you can close your trade and call it a day. So, fear is not a reason/factor here, my friend.

But for greed, yes, it is a factor, because some traders/investors might think that if they place a take profit and the market moves past that level, they will miss a few pips. However, I encourage all traders and investors to always include their targets as part of their trading/investing plan. They may add more value/pips to it in case they do not want to miss out on more gains.

Notwithstanding, contentment is key in trading/investment, we should never forget that no matter how greedy we are.

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

Yes, there are good strategies to take profits, some of them are stated below;

1. You may take profit when powerful news/events are against your position.

2. You may take profit when there is a confirmed retracement pattern against your position.

3. You may take profit when there is a confirmed reversal against your position.

4. You may take profit when there is a break of support and resistance defending your position.

5. Lastly, you may take profit with a fixed calculation with either money or pips value.

[Mate2237]

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.

Yes I agree with you to sell it in the bull run because if we want to sell them in the All Time High, I discovered that we can't because once the price hit the All Time High the transaction fee is very high that you can't make any transactions from the wallets to the exchanges before selling. Early last week bitcoin transaction fee was about $1,$2 and $3 with 17 to 23sat/vb but immediately the price hit $71,000 late last week and the transaction fee hit $28+ and the mempool was red.

So if anyone wants to enjoy the All Time High then he should transfer his coins to exchange and wait for the ATH so you can sell without complain. To make profit in the cryptocurrency market is not too hard and all depends on your calculations. And you have to k ow that keeping coins in exchange is dangerous. But keep it in a reputable exchange so anything they would inform you to withdraw your funds.

[Kristiyana]

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.

The little I understand about the usage of DCA is totally far from easy profit taking, perhaps you don't really understand the method they use DCA for and basically is not for trading and it will be difficult getting a profit easily while using DCA because when you are using DCA means that no matter the price of that coin you will buy, so how would you buy at any price if your target is for quick profit making and DCA is mostly use on Bitcoin not for altcoins.

[FanEagle]

Taking profit is the hardest part because you do not know how high it could get. Right now there are people who already started taking profit, and we haven't even started on the bull run yet, imagine how vast the range is, people will see it peak at 150k and sell too, I think it will reach those levels, at least 100k+ for sure, and yet there are some who already started to sell.

I think it is clear that nobody could give you an exact answer where to leave, because you are not going to really get what you want, and that's why it will not be simple. Nobody knows what the peak will be, we could just assume but we can't know it exactly, which is why I think we should be considering how to move forward with it and we will be able to do a lot better.

[Essential10]

Taking profit is the hardest part because you do not know how high it could get. Right now there are people who already started taking profit, and we haven't even started on the bull run yet, imagine how vast the range is, people will see it peak at 150k and sell too, I think it will reach those levels, at least 100k+ for sure, and yet there are some who already started to sell.

I think it is clear that nobody could give you an exact answer where to leave, because you are not going to really get what you want, and that's why it will not be simple. Nobody knows what the peak will be, we could just assume but we can't know it exactly, which is why I think we should be considering how to move forward with it and we will be able to do a lot better.

Well said, I agree with you, when you invest you have to have the mindset to hold onto it. When we see Bitcoin reach $150k or $100k it will take a long time for someone invested or holding onto it. We don't know what's going to happen, many are holding on to investments now hoping it will happen. You have to take risks when making or making investments, but this can be done if you take proper care of your investments. A proper maintenance done right will keep your money safe and fill more pockets in the future.

[makishart]

Taking profit is the hardest part because you do not know how high it could get. Right now there are people who already started taking profit, and we haven't even started on the bull run yet, imagine how vast the range is, people will see it peak at 150k and sell too, I think it will reach those levels, at least 100k+ for sure, and yet there are some who already started to sell.

I think it is clear that nobody could give you an exact answer where to leave, because you are not going to really get what you want, and that's why it will not be simple. Nobody knows what the peak will be, we could just assume but we can't know it exactly, which is why I think we should be considering how to move forward with it and we will be able to do a lot better.

It's not that hard. Always try to sell when it was getting pumped so hard. Just like when you see your tokens pumpeds for double digits percents, then dump it. Things are very difficult to do is patiently waiting for the price to go down again. The only people who can wait it patiently will able to buy back at the bottom price again.

Bitcoin dumped so crazily and it can become our opportunity to get good result. Im also actively doing trade. It's not that hard to determine the price for us to sell our tokens. The hardest thing is about waiting patiently for the price of tokens to go down.

[DiMarxist]

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.

The way I do my investment plan. I normally set a goal for the investment in seasonal. So in every bull run I sell coin. And take the profit of it is $10 or $20 and when the price reduce again then I was the capital to invest again then in the next bull market, I will resell again and take the profit and wait for the market to reduce again and once the market reduce with 10% then I reinvest again. That is how I have been doing.
Though it might not good for everyone but that how I normally do since this year. So this year I have sold like four to five time. Though it is not all that I am selling but just a small fraction of it. And it is for long term of 2027-8.

[AnonBitCoiner]

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

This is a good strategy because by applying such a strategy you will not miss the chance to earn your profit. So many individuals don't want to take a small percentage of profit like 1% or 2% but I think it is better than missing the chance by waiting for greater profit.

Every person has different goals for which they think differently so some will accept little profit while others will wait for boosting events that can boost the price a lot but such thoughts are full of perils in case of new coins which does not prove to be profitable in the long term always.

[Zanab247]

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

This is a good strategy because by applying such a strategy you will not miss the chance to earn your profit. So many individuals don't want to take a small percentage of profit like 1% or 2% but I think it is better than missing the chance by waiting for greater profit.

Profits is very important to hodlers in the industry, which is the reason hodlers have to use the strategy that will make them to remain in profits earning in the altcoins business, because if they are losing in a particular strategy they will feel regret because they make use of wrong strategy.

For you to wait for a greater Profit, you have to take the risk to hodl long for the bull run to fully mature in the market before you can trade to make big profit that will make you to always take the risk in the crypto industry.

Every person has different goals for which they think differently so some will accept little profit while others will wait for boosting events that can boost the price a lot but such thoughts are full of perils in case of new coins which does not prove to be profitable in the long term always.

Yes, every Investors have different rewards in their altcoins business, because if you invest in ETH and PEPE, you will surely get different rewards from the coins and ETH rewards will be bigger than pepe reward because ETH still remain the king among other altcoins.

[el kaka22]

I believe that the real traders would know when to get out, but if you fail to get out at the right time then you are not going to be considered suddenly a bad trader neither, you could still make some money, you just need to make sure you know what you are doing. At the end of the day, things are always a bit more complicated than what people think, and as long as you have that kind of return then you are going to be fine about it and should not be facing any issues at all.

The best way to go about what you do, is just realizing that things won't be too easy, and you could simply just make mistakes, it's normal. If you can make that known in your head, and be fine with a mistake, then you are going to end up feeling less stressed and do better.

[hamba laeh]

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 strategy you have implemented is good. However, everyone has their own strategy to gain profits from trading. because what is sought in trading is profit. and the strategy that I apply is the profit target that I want to get from trading. and and my target profit is 20 - 50% on every altcoin I hold. and this can be short term or long term.

[rhodelmabanal]

To take profit you need to do actions, you will not earn if you only watch the market from dip to bull and from bull to dip, we have different season and there are always a chances to buy or invest in particular coin that can give us profit taking risk is always a way to earn huge profit if you don't take risk then there is no big profit and if there any only in a small chances.

[arufox]

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

This is a good strategy because by applying such a strategy you will not miss the chance to earn your profit. So many individuals don't want to take a small percentage of profit like 1% or 2% but I think it is better than missing the chance by waiting for greater profit.

Every person has different goals for which they think differently so some will accept little profit while others will wait for boosting events that can boost the price a lot but such thoughts are full of perils in case of new coins which does not prove to be profitable in the long term always.

It is very important not to be greedy because sometimes what we want may not be achieved. Indeed, there are quite a few people who want to make small profits but immediately want to get big profits in a short time, but in the end up getting trapped in big losses due to not analyzing the coins they want to invest in and not seeing which direction the market trend is heading.

[woez]

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

The method you use is very good, because I see that the profits you are pursuing, even though they are small, if you collect them a week, the results will reach 15% per week and usually you play with large capital. However, it is better to hold the long term rather than the short term because we have a lot to spend our time on.

[Bushdark]

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

We can always make money in the market and even make more depending on our strategy so far.
There is no need to be asking when to take profits. We know that the crypto market has been ranging since and it could be a good opportunity for us to buy cheap and sell high. Anytimw the price of the token we are buying goes up, we can always sell ams study the chart to know when it's best for us to sell to make money.

[manok jepang]

Strategically it is very easy to make a profit in this bull run, namely by buying coins at a low price and selling them at a high price, of course this requires accuracy and in-depth analysis, because it is difficult to determine which coins will grow in any period, therefore determining a strategy is not as easy as turning the palm of your hand, it takes process and time,