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?
It depends on you. If you want to get more income, of course invest again. Don’t take your profit if your trade is good and the coin you are trading has the potential to grow. If you don’t need money to spend, why do you need to take your profit? Just enjoy trading and use different strategies you know to accumulate more profit.