Post
Topic
Board Speculation
Re: BTC 100K FOR 2024 !
by
Oilacris
on 29/06/2023, 22:09:36 UTC
Immediately it is a new ATH I am taking profits straight up
If you planned on taking a profit at the new ATH you should have a good exit strategy to take your profit, implying this kind of strategy below would save you from taking a profit way too soon than supposed, I know how the feelings use to be when you exit the market early, and in some occasions, the market moves up like 2x from your point of exit, I suggest you should try this method while the market has not changed direction, 1st take 25%, 2nd 30%, 3rd 50%, 4th 70% and finally 100% 0f your portfolio.
When it comes to taking profits,  the saddest experience is taking the profits too soon,  I have experience this last week when bitcoin reached 27k+ I quickly took off some profits and within the next few hours,  bitcoin raised to almost 30k and there after a few days Bitcoin touched 31k+ severally and that gave me a lot of bad feelings that hard I known I should have waited a little before taking such steps in taking profits too early.
Kind of mistake on which most people do able to experience specially into those who do make out some short trades or daytrading on where selling out too early but well there's nothing we can do but to move on. Thing you should have in mind to ease up that stress and regret is that you should really considered it as a profit because everything considered to be a gain would be still good and its not something that you do look into the other part and assuming that you should have made more if you do able to hold.

Better than nothing right? It is really just that human beings are really that not contented on what they do have.Instead on moving on and making another good entry should really be having in mind.
100k in 2024? No one really knows and as a trader then you should really just go with the flow.