Quote from: reallester on February 05, 2021, 06:23:00 AM

Quote from: kungi on January 14, 2021, 02:33:24 AM

Just wondering what your strategy for taking profits on alts?

Do you sell when your alts double against in USD or BTC? or what % to make sure ur safe from dumps?

When you sell do you buy more BTC or Rotate into another Altcoin?

It depends on individual preferences. As for me, once my bags sees at least %50, I sell off to take profit. And then set lower order of the same coin. I believe it is good to always take profit no matter what. But I am always very careful when selling off my bags

This is not only about individual preferences but also about what kind of market you are invested in, if you are investing in altcoins that are relatively new then the strategy that you are applying is not precisely the best because the whole point of investing in those coins is to try to get enormous profits, if you sell after you get 50% in profits then you are better than when you started but it is questionable whether or not that will be enough to offset the losses that you will get when investing in other coins.