Post
Topic
Board Trading Discussion
Re: HOLDING VS TAKING PROFITS DURING BULL RUN
by
StephenieDuong
on 02/06/2021, 13:20:59 UTC
We have seen long bear market that started on 2018 until in the beginning of 2021, and during this bearish trend all crypto dumped too much more than 50%, even other low cap coin dumped until 99%. So from this history, for the better take profit when the price high just like now, and if we made big profit like 4-10x, will be good decision to withdraw the half of that profit and the rest amount keep holding. Many trader failed and get loss much money because of too much greedy. Holding for more than 3 /4 years only for crypto that has strong fundamental and professional team behind it.
Yeah, i agree with yours idea that we need to withdraw the profit whenever its possible. It's really hard for us to hold a coins for 3-4 years for break even, so withdraw 50% profit and keep 50% to hold is the best option with those want more profit from a coin.