I guess there's many ways to do this. Let's say you invest £500. Your goal is to 10x you investments and happily pull out.
You invest in 5 coins. £100 each.
You track your investments and see that on your £500, you now are overall 100% up and see you have made £500, so £1000 in total.
Would you pull out £500 or would you leave it all in to grow to your 10x?
Any strategies here I can get to know?
Your goal is to 10x you investments and happily pull out.
[/quote]
On quote there is where you provided answer to you question. The reason traders lose is such as that, when you had an initial forecast and see a good spot to take profit but because price keeps to favour , then shifting our goal post becomes a consideration. And that is the greed that cause the loss. Having an initial plan should be respected. If you got to a 10x you plan, take your profit and be happy. Another time is waiting for more profit and gradually you have good profit at the end of the month.