Post
Topic
Board Trading Discussion
Re: Take Profits! Its important!
by
LastKiss
on 28/05/2024, 22:16:35 UTC
When we are at Extreme Greed you need to be taking some profit off the table. Most people in crypto fail to keep the money they've made. They either sell too late or they selfishly watch all profits fall back to zero.

I've seen this happening each cycle.
~snip~

Well, most altcoins can give you -99% loss in a blink of eye if you hold it for long term and forgot to take profit because the trend for altcoins is always changing every bull season that's why many altcoins just for exit liquidity in a bull season. Bitcoin will be the best if you put Fibonacci analysis to know where you take profit or where you open your trade so make sure to trade using TA because without preparation many people will only become an exit liquidity.