Quote from: LastKiss on Today at 09:42:35 AM

Quote from: Nevaehp on October 22, 2021, 04:25:08 AM

Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?

If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?

The best way to enjoy your profit is to become not greedy to your self, because when you greedy u can lose all your profits u have. Do some research and look for the fresh news about your cryptocurrency it's better u get 1% profit everyday rather than having 30% profit and the u lose it all

I also share your opinion on taking profit when trading cryptocurrencies, once I earned some reasonable amount of profit I close the trade and wait for another opportunity, I once became greedy and allow my trade to run to earn more profits but ended up losing, usually I used Bollinger band to take profit once the price had erupted out of the band completely I will always take caution hence take profit because "half a loaf of bread is better than none". I experienced high volatility of the price of cryptocurrencies thus I take profit as quickly as I can.