This may be a silly question - Ok so I now have £700 invested in bitcoin . Let's say it goes up by £50 - do I remove the profit and leave the working capital( £700 )in bitcoin ? Or do I take the lot?
If I take the lot then when I buy back in It may pay a higher price. What do you suggest?
Actually I still distinguish between investing and trading, I mean when I choose investing the short term target that I must sell my bitcoin is around six mounths and depend on my profit desired. I'll sell them when I got profit such as a half in my capital or one-fourth on my capital. And also I'll update the latest information actually in fudamental side tk decide between still hold or sell.
But when I choose trading I'll take a time for almost one week in long term for strategy to gain profit. If my money has been added whatever its amount I'll sell it and buy back again depend on my analyst when I use strategy to see the technical analyst. But I often to use the short time frime such as one day or even an hours if the profit that I got is big then I'll sell it.