Post
Topic
Board Trading Discussion
Re: Which strategy do you have for taking profits?
by
ubitcoin
on 01/10/2018, 10:24:42 UTC
When my portfolio has risen about 50% i take out 10%. (5% in euro wallet and 5% in new ICO's)
My current strategy to take profit is to trade quickly (scalping). I can't hold it too long, it's very risky. I only buy with a portion of capital and when prices rise 2% to 10% I will take that. and repeat it for several times on different coins. after the target is reached, I will pull it on the fiat wallet.
Actually, it all depends on each person's style of trading. Some are known to scalp while some are known to swing. Personally as a scalper as well, I really do not look for so much gains and all I am looking for is to get a good entry with a minimal stop loss, and then take advantage of the short movements upward.

However, since I still combine it with short and mid-term trading, I still take advantage of leaving out some of the profit, and then leaving it to make some good gains while I trade them when there is possible chance of seeing a trend change.