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?
Actually, it all depends on what you desire. If you believe that 25-50 percent is sufficient, I believe then is the moment to profit. However, some traders examine the graph and use technical analysis to establish the graph's ceiling and flooring so they may know when to take profit. But, once again, it is always your option when you are comfortable with the profits;
if you feel compelled to hold more, do so without regret no matter what happens.Agreed. First off, you should be ready to take whatever happens without regret. To achieve that, you shouldn't risk significant(for you) amounts of money. Now, since you are not putting at risk something significant, 25% or 50% gain is hardly what you need. Wait for 200% or 300%, cash out half, and then play with the rest of it. In short: leave your profits in the trade until the gain is sufficient.