Quote from: Vincom on Today at 02:32:17 AM

Quote from: pawanjain on February 29, 2024, 04:39:04 PM

1. Yes, I have been profitable many times but I don't sell all my coins at once.
2. I take profits whenever I am in need of it. The last time I booked profits and bought something from my wishlist.
3. Booking profits is a very important part of investing because if you don't book profits then your investments are as good as nothing.

Your investment strategy makes me quite curious and surprised: usually, investors seek to determine the distribution zone of the market to sell tokens to optimize profits instead of holding and selling them when need money like you are doing.

I usually keep USDT and gradually sell it to fiat when I need money in my life. For other tokens, including BTC, I still only buy and sell according to the market cycle, meaning I try to buy in the accumulation zone and sell in the distribution zone.

The thing is, I have kept my holdings in a wallet which I cannot access easily and so I don't sell it very often and that keeps me restricted and so I sell it only when I am in need of it.
Also, it does not mean that I don't look at the price when I sell because I do.
I was in need of it last time when it was around $21k but I knew it's too cheap to sell and so I didn't.
I arranged money from elsewhere and now is a good time to sell and so I will be taking some profits out in some days and use it for an upcoming occasion.