Crypto trading and investing has many challenges. However some that stand out are;
1. Risk in trading or investing
2. Greed and Fear
3. Profit taking.
I will address the third point in this trade. Making profit is one thing, taking profit is far important. What make some people not to make profit is fear and greed.
Here is a strategy i used in taking profit;
1. Determine the market cap you want the coin to rise to.
2. DCA out at every milestone of the project.
For example, say you bought SOL at $5. You take 50% off after 5x, and take 10% as it goes up.
How do you take profit? Are there other strategies for profit taking?
I'm taking profit using eth investments, when price goes down for few hours I'm taking chances to roll my asset back then wait for 1 day to settle in. Trading site offers dual investment and I got amazing returns to consider it profitable. There's a lot of strategic ways to deal with it, but I'm only using this because that provides me reasonable proof to sustain despite of the risk in cryptocurrency trading.