Post
Topic
Board Trading Discussion
Re: How Do You Secure Your profits?
by
Outlaw79
on 26/01/2018, 20:27:31 UTC
Securing your crypto profits requires great discipline and commitment. You must know when to withdraw you funds from trading without being too greedy. Most people don't have the discipline to do this when the trade is going in their favour. And eventually, they end up losing it all. I once made this mistake too.

The best way to secure your profit is to have a stop loss and withdraw your money into your long term hold or withdraw into fiat. This is a lesson I learnt the hard way.
I totally agree. I want to do the same but I still could not achieve.
Money management and profit taking takes a huge part at trading. I am sure many of us made great profits which were than melted down during crashes.
Great discipline and commitment and targets would be the keys.