Post
Topic
Board Trading Discussion
Re: Newbie - when to take profit
by
Jellachrist
on 17/09/2019, 23:01:03 UTC
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?

Business is all about risk likewise trading the higher your risk in most cases the greater your profits so it all depends on individual decision either to a higher or lower risk but trust me high risk takers are always on top while the rest follows. Although am not too vast in trading just using the idea of centralized businesses.