Quote from: Fredomago on November 07, 2021, 07:11:20 PM

Quote from: virasog on November 07, 2021, 02:31:23 PM

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?

You need to develop a plan when you need to take profits. There is no hard and fast rule that you have to take profit in chucks or you take all profit at once. Everyone has difference preferences over different trades.
Normally. i prefer to use trailing stop loss, this way as the price of the coin moves up i keep on moving the stop loss. This way i take maximum profit and also don't miss out on profits by selling early.

Good plans deliver the most part of this investment, without having one will lead you to keep gambling from your investment.

You need to develop good strategy and attitude towards your goals. The moment you enter this field, you are already placing your fate with your decision making. If you work well and study the deeper side of this industry, you'll find the right sets of systems to use, it's not how fast you can take away profits from each investment but more on how you keep repeating and winning from your trades.

That's why the importance of a skill and knowledge in investing,
when we don't have these two things I think we will very easily lose money,
everyone who wants to start investing and wants to make a profit needs to learn and understand it, of course it's not an easy thing