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?
You are really new not just here but in terms of trading crypto currency and others. Taking profit doesn't necessarily mean you should just take out the percentage profit you made in a trade but it simply mean for example if you enter a trade with a capital of $1000 and after placing traders and you were able to made an addition of $300 to your trading capital then you sell off your position and wait for another opportunity.