Quote from: tbterryboy on Today at 02:10:22 PM

Quote from: feeling sound on August 03, 2022, 04:46:39 PM

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.

I think the situation depends. If you are a long term hodler then a 200 euro profit will look small to you so you wouldn't touch it but you need to aim for a better return. Those downs that you saw are only temporary so that shouldn't scare you but in order to prevent it, you can stay offline for a while and only come back after a long time.

If you are short or mid term investor then I think it's not bad to take that 200 euro or you can also take out your 300 euro starting capital so that you will not risk anything and in case the outcome is a loss, you won't feel bad but if the outcome is positive like the 200 euro became 500 again, you can repeat the same process, by taking out the 300 euro profit.

also, it depends on the coin you are holding, is it a potential coin or just a shit coin, with the shit token, keeping it offline and holding it for a long time is a bad idea, it is only suitable if you are holding potential coins
200euro profit from 300euro capital is not small, you are making a profit close to x2, which is a big profit
you should take half profit because bear market is hard to profit, you can reinvest when that coin corrects