Post
Topic
Board Trading Discussion
Re: Best taking profit techniques to maximize gains out of the upcoming blow-off top
by
TheGreatPython
on 10/09/2021, 12:50:24 UTC
I'm planning to follow what's left of the bull run with a ATR based trailing stop.
I am not good at these techniques and if I am not wrong, by ATR you mean Average True Range. I have heard these terms in trading many times but never been able to implement them in actual trading myself.

I heard some traders prefer to sell a % of their bags based of the % in the price increase.
Even I do the same. So basically if I have 1 BTC and the price is let's say $50k. I will sell 10% of my coins with a 10% increase and buy 10% with a dip. The numbers aren't always exactly, depends on the market confidence too. If I feel that the bull run is not going to stop anytime soon, then I may sell 5% instead of 10 when price hikes.

Anyway, what's your plan for the upcoming weeks and months? 
I have high expectations from the BTC price at the end of this year so waiting for that but also ready to buy/sell if the market crashes or goes beyond expectations.