I have been investing in a bunch of different coins for a while now, mainly BTC, ETH, LTC, and some other lesser-known coins. I have a lot of different coins in my portfolio to stabilize/reduce risk.
I love the gains that these coins provide. I never panic-sell, and always hodl and buy low. That has been my simple strategy.
However, I have a problem - how do I train myself to know when to cash out?
For instance, last night the BTC price was high (18K), and ETH/LTC price were low.
I could have cashed out then, and invested in ETH/LTC, which are seeing a nice pump now.
How do you know when to cash out??
Right now the only time I cash out is when I need to money to buy a gift or something.
It sounds like you have a strategy that is working for you and you are comfortable with so why try and change it? If you are considering about cashing out of crypto all together then that's a you decision, consider how much that money means to you in terms of quality of life and how you would feel if you missed out on further gains with crypto, similarly consider how you would feel if you lost all of that.