Quote from: Rajamuda on October 26, 2021, 01:01:22 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?

Basically, it's important, and it's worth noting, it depends on you... whether you are a more active or passive trader, if it's active... there's nothing wrong if you take steps like that, little by little anyway... if it is obtained frequently, it will be more profitable.

But if he will be leaving all the profits in the trade for too long, sooner or later he will lose in one day everything he earned during the previous days(or even weeks). It's true that the higher your bankroll, the more you potentially earn, but we shouldn't be too greedy about our potential profits. We should set our goal in advance, and once it's reached, we should cash out most of the profits, if not all of them.