Post
Topic
Board Trading Discussion
Re: What are your rules for profit taking
by
wuvdoll
on 19/08/2018, 15:27:12 UTC
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
Be quick, be really quick. If you are looking for x100 profit for your investment, you are going to be incredibly sad. Will that never happen? No it sometimes happens. Will it happen to you again ? Probably not. Just take your profit and leave. Get in and get out quickly, like 5% or so is good rule of thumb. Just put your sell order on 5% profit and wait it out.

When you sell it, than wait for it to drop back and do it again. Do not wait for a coin to skyrocket and get pumped 700% before you sell, that sometimes happens but most likely won't happen. It is about small incremental profits rather than big huge gains over time.