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?
There are multiple approaches are available to book profits:
1. Fixed: exiting at 5% or 10% or 25% profits. Traders decide where to book.
2. Strategy driven: Some strategy are capable of providing target levels at the point of trend change.