-snip-
Instead of taking some of the profits, why don't you take it all, I mean sell it all then?
Experience has taught me not to sell all, especially at a time like we've now with the bull run in place. The only time I can take all profit during this time is at token distribution and I see how massively the project is distributing 80% to 100% of their all. I don't just sell all and walk away. I sell all to find a way of buying back the dump. As speculators, we should always expect price dump at token distribution, whether it's airdropped, presale or regular; those who had tokens ahead usually dump to (sometimes) buy back. I've been using this buy back mechanism and it's really profitable.
But this is a case to case basis, depending on the potential of the project itself especially token-based ones. Because as we all know, most tokens dump and afterwards, they have no way of getting back. Also, do buy back only for high promising projects. As I said, those projects which were dumped have no intentions of reviving their respective projects.
And if you have the tokens or coins during the pump, better sell it off. Because for one, they are pumping it so hard because they afterwards, it will decline so fast as they are actually about to exit the market. Do remember, if there's no reason to exist for such project, usually they are short-lived.
When it comes on investing on projects then success will really be that something that cant be determined or something that could really be assured. This is why it would really be that important that you should really know
on what you are doing. You cant really just that make yourself making up some investment on blind manner. There's no such thing about secret about getting a huge gain or pump. It will really be just that matter on how
wise you are on choosing on projects and trying out to buy as low as possible but of course it will really be still needing up some mix of luck because we do know that every choice would really be having that corresponding need of luck when it comes into this aspect on which you cant really be able to determine whether it would really be the best choice you had made or not.
There's no such thing about secret but rather it would really be that basing or depending on how well you do make out your trades, because on the time that you arent doing something good in terms of analysis
and any other technical aspect or fundamentals then expect that you wouldnt really be doing good into your trades and this is where results and outcomes will really be not getting in line on what
you are anticipating or assuming into.
I do agree on what you have said that there's no such secret about massive gain because it will really be just that depending on how early or low you have entered on the market specially on a buying a token/coin on which you will really be defintiely be able to make profits on the time that you have placed yourself on the bottom on which this is really just that typical buy low sell high thing but its not something simple as it sounds.
So it would really be that up to you whether you would really be that wise on making up those good entries and making up some taking profit sessions on which it is something that makes you contented.The main priority on here is that you should really know on when to take profits and on when to hold your position specially on a declining market on which you would really be seeing that your portfolio is really that going down.
Profitability will really be that basing or depending on how well you do make out decisions because if you wont really be that wise and good or having some mix of luck then it will really be that resulting into an outcome that you havent been able to expect on which this is something that casual to happen. This is why its always been ideal that you should really be having that back up plans on every possible scenarios or conditions that might be able to encounter.