Topic: Defending your profits without timing the market - page 2. (Read 330 times)

unfortunately for altcoin outside of top 100 coinmarketcap didn't effected with bitcoin bullish moment.and even these coins dumped alot due to their investors prefer to hold bitcoin.but i am sure someday if they developt their projects well its price will recovery again.

I guess this tone of bitcoin pulling back and dropping so low would gradually be fading out now as BTC keeps shocking people with its unbelievable price jump and I what made bitcoin suddenly start jumping and running so fast on this bull lane, hope we are safe.

Holdlers are really the ones that will enjoy more this time, because those who are taking profit will really be finding it hard now to buy back again, as the sharp and fast increase is causing them confusion on when to buy the coin again, they are unsure if there will be a correction or if the price will continue to surge, that is why there is nothing as peaceful as holding.

The current market is totally different so we are all earn good profit in short term. At the same time some peoples are depends on daily uptrend so they are all concentrate more in this platform. I think this year all are earning good profit so those are waiting for the altcoin pump surely it will possible soon.

I'm one of that guy who bought bitcoins when the price still $6k and hold it until today, even the bitcoin price is at $8,000 right now.

I'm also same like you, always take 10-20% of the profits and keep it the rest. With this bullish market, i usually hold more and wait until a good timing to take all profits.

It is on way to mark the 10k USD value only but you feel this short bull run. May I know, how come you can speculate like that?

When the market moving like a rocket we should try to use such value now and convert it for fiat if you do not have faith. People whoever having faith will definetely know the price surge of bitcoin.
This year bitcoin will hit 10k USD or even more for sure.

Huge bull run? I don't think so. I would call this a mini bull run and am expecting a big one sometime next year. Don't worry about the value going down since it might correct itself here and there, but will continue surging slowly and steadily and might touch $10K by the end of this year.

Although the huge bull is happening in this day, we still are careful because the red candle still on the market and it could happen in anytime.
Yes, we are making a nice profit for this day, but it doesn't mean that the situations will be the same tomorrow.
But if we check on the market situations now, we have a chance to see the next increasing of the price in the next few hours later.
We need to take the profit right away before the price is down without we know when it will increase again.

I believe that what you are doing isn't called margin trading since it involves you borrowing/lending money out for a loan in order to trade in assets, you might just be re-investing your profits earned from trades in order to accumulate more when it has bottomed out. This is a popular approach for traders who aren't willing to add more additional capital to trade they just rather sell high and buy low to accumulate again and for the type of market we have this is a an ideal strategy for a lot of traders to profit at the same time accumulate more position.

Prices are increasing unexpectedly and it's really surprising and giving us a feeling of too much excitement which is normal. I believe that the prices could still go more and it would never fail us. We can now say that the long agony of waiting will soon be over.

That's ongoing right now, we are continuing to see the bull really making everything up, Bitcoin or any Alts needs to be reassess as you'll going to regrets everything if you failed to follow what trend will be in the next few days or weeks, think for much higher outcome.

In few hours we are seeing another huge bull movement on the price of bitcoin so yes we need to wait more for more profits.

Looks like this is just the beginning at the end we will see the current price as nothing.

You may be lucky to have seen gains in recent hours but the price has been stable since November last year.
Converting 30% without setting a suitable time will result in your loss, you should choose the right time to enter the market especially with the return of violent volatility again.
If you focus, each point is good to be considered as a start and then build profits on it. This strategy is acquired and not learned through channels.

Congratulations all around for weeks of gains and a couple days with some really exciting price action! For anyone who bought sub 6k, that’s some nice return on investment. With those kinds of numbers, it’s natural for you to want to take some profit.

If you’re someone who will actually hodl through the next six bull/bear cycles, I commend you. If you’re a mere mortal like the rest of us, having a plan for how you take profits is the first step towards building a secure future for your family.

My personal strategy is to bank 30% of the profits from each trade into cold storage BTC, locked away for decades to come. When it comes to USD/BTC movements, I prefer to margin trade to accumulate BTC rather than cash out for dollars.

Some people may prefer to take profits in USD or other currencies. If that’s your end goal, that works too. The strategy can be personalized to your needs, but the key concept is that a self tax on trading income is a solid way to defend your profits.

One strategy that often floats around is the idea that at some (generally poorly defined) point you should cash out and attempt to rebuy at some (equally poorly defined) point lower. As tempting as this may be, trying to time the long term market with sufficient accuracy is like throwing a dart at a moving dartboard in the dark. Strong technical analysis might turn on the light, but ultimately even just hitting the board isn’t a given.

If you want to learn more about trading strategies, check out Voodoo Crypto.