I do not have a minimum or maximum profit that I need to take when it comes to selling my coins, while I am mostly a long term trader that doesn't mean that I do not know anything about trading and to me it is a mistake to have a minimum threshold to sell your coins, I let the market tell me when it is the right time to sell my coins.

Sometimes you will need to close a trade as soon as you make it because the market suddenly moved in a direction that you were not expecting and you are fine by just breaking even, but there are sometimes in which the coin could skyrocket and you do not want to sell your coins too soon and lose a significant portion of the profits just because you sold too soon.