I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Either of the two. It's all up to you how you're going to expand that money of yours and both options are good if you want to invest in another crypto.
There's really no magic on it although you are getting additional risk as for getting new crypto to invest that's the ideal one because that is what the majority does. Just do what you think is right and the experience will tell you if did it wrong or right.