How to Take Profit in this Bullrun | Bitcointalksearch.org

arufox

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Quote from: Bushdark on June 16, 2024, 06:58:48 AM

Quote from: arufox on June 10, 2024, 06:37:44 AM

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

We can always make money in the market and even make more depending on our strategy so far.
There is no need to be asking when to take profits. We know that the crypto market has been ranging since and it could be a good opportunity for us to buy cheap and sell high. Anytimw the price of the token we are buying goes up, we can always sell ams study the chart to know when it's best for us to sell to make money.

Not only strategy is needed but we must also be able to understand the graphs and market trends because that is where the key to maximizing profits lies. In addition, in determining the strategy must also be flexible, especially the crypto market which is known to be very volatile. Therefore, hopefully we can all continue to learn and make the right decisions in producing satisfactory profits.

hamba laeh

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Quote from: Wenbing on May 23, 2024, 06:23:49 AM

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?

the strategy you have implemented is good. However, everyone has their own strategy to gain profits from trading. because what is sought in trading is profit. and the strategy that I apply is the profit target that I want to get from trading. and and my target profit is 20 - 50% on every altcoin I hold. and this can be short term or long term.

betswift

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Quote from: Hallroom on June 22, 2024, 01:02:21 AM

Quote from: Wenbing on May 23, 2024, 06:23:49 AM

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?

Yes, People who fail to accept fear and risk in trading are the ones who suffer the most losses in trading. So if you can notice you will definitely know about it, because if you take risk and trade at the right time it is definitely possible to make a profit. So learn to take risks, and discard greed if success is assured.

I agree! Hold to your strategy whatever it may be, try it out, take the risks, improve upon it, and make gains, even if they are small. I myself think that there shouldn't be trading to get 20x or 30x in one moment, as there is a high risk of getting nothing or losses in the process. These types of investments with high-cap on them should be long-term and analyzed thoroughly before going into motion.

shinratensei_

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when in bullrun and my investment already in profit I like to do stop-limit order where I put the trigger price around my previous price target that is already surpassed by current market price.
for example if i bought BTC at $50k and current price is $70k i will just setup stop-limit order which triggered around the price of $65k with the limit price of $64800

it works to prevent me from losing my unrealized profit and it also allows me to catch higher highs.

I think not many people talk about it but it really works so well with my style of trading and investing which is trying to sell at the highest price point ever Cheesy

.

Wakate

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Quote from: CK485 on June 21, 2024, 11:25:05 PM

Quote from: cute nmp on June 21, 2024, 02:40:44 PM

To take profit during a bull run, decide on specific price goals or percentage gains for your investments and sell some when you hit those marks. You can also use trailing stop orders to sell if the price falls by a certain amount, so you keep your gains even if the market dips. That how i usually do every bullrun

Getting high profits is indeed very difficult because it is limited depending on the realization of profits based on targets and criteria that have been determined from the start, of course everything can change depending on their respective thinking strategies, and always read and understand before deciding to invest to think long-term. and this kind of thing has many challenges, of course market capitalization influences all of that.

There are so many strategies we can be using that can be giving us consistent profits in the market which does not depend on using complicated tools to make money in the market. Sometime we need to look at the price of Bitcoin the way it is going down and going up after a while. We can take the opportunity to buy low and sell high after we have made some profits. This is a simple strategy that can earn us good amount of money so that we don't need to stress ourselves on waiting for the too for the price of Bitcoin to continue the bull while it is ranging now giving us a signal to buy and sell with ease.

Odusko

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When it comes to cryptocurrency investment we have to note one very important thing which is to take precautions when we are approaching the bull run or expecting an all time high, this is important because of the high volitility in the cryptocurrency market at each point in time, many times some people miss out in taking profits from a bull season because of their failure to take their profits when they have the chance to do so, most investors thinks that because of the bitcoin or altcoins market is in an uptrend direction that means it will continue for long and unlimited time, there by expecting too much profits from their investment.

But in the real sense once you already gained at least a 2x profits on any of your cryptocurrency holding during bull market, you should be free at that moment to sell and take your profits, even if you are a long term bitcoin holder, taking such position makes you a better and smart investors compared to those that just hold bitcoin along the way without checking to see how much profits their have accumulated.

Hallroom

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Quote from: Wenbing on May 23, 2024, 06:23:49 AM

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?

Yes, People who fail to accept fear and risk in trading are the ones who suffer the most losses in trading. So if you can notice you will definitely know about it, because if you take risk and trade at the right time it is definitely possible to make a profit. So learn to take risks, and discard greed if success is assured.

CK485

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Quote from: cute nmp on June 21, 2024, 02:40:44 PM

To take profit during a bull run, decide on specific price goals or percentage gains for your investments and sell some when you hit those marks. You can also use trailing stop orders to sell if the price falls by a certain amount, so you keep your gains even if the market dips. That how i usually do every bullrun

Getting high profits is indeed very difficult because it is limited depending on the realization of profits based on targets and criteria that have been determined from the start, of course everything can change depending on their respective thinking strategies, and always read and understand before deciding to invest to think long-term. and this kind of thing has many challenges, of course market capitalization influences all of that.

cute nmp

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To take profit during a bull run, decide on specific price goals or percentage gains for your investments and sell some when you hit those marks. You can also use trailing stop orders to sell if the price falls by a certain amount, so you keep your gains even if the market dips. That how i usually do every bullrun

dunfida

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Quote from: Kocret02 on June 20, 2024, 11:28:47 AM

Quote from: Wenbing on May 23, 2024, 06:23:49 AM

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 am sure that everyone who invests will seek maximum profits because the essence of investing is to seek profits for the future. but everyone has their own strategy. some make long-term and medium-term investments. For myself, I will take the medium term so that I determine a profit of at least 50% of the capital I have spent.

Each investor would really be that having their own profit threshold on which those people who would really be tending make those short-term profit taking and there are ones who do hold up for several market cycles and there are ones who do sell off only on bull run period after a long time of waiting for 4 year cycle which it would really be something that situational. The most important thing on here is that you should really know on what you are doing and always take profits on the moment that you would be having the opportunity or else on the moment that the market would really be having that correction or something that start of bearish period then
you would really be ending up on having that huge regret on why you havent been able to pull out those profits while its still peak. Get contented on whatever the amount of profits you do able to get.
Dont find for peak because this is something that cant be known.

Profit taking isnt really that hard if you do really just that make yourself that being not too greedy and being that contented on what you do have and not really
that hoping for too much profit or into the peak.

DeathAngel

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Just set up a sell ladder & try to stick to it. Obviously things can change but it’s good to set certain points where you plan to sell certain amounts. My plan is to sell a certain percentage of my portfolio & invest in things that can give me a passive income. I will also allocate a pot to buy back in the next bear market too.

Kocret02

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Quote from: Wenbing on May 23, 2024, 06:23:49 AM

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 am sure that everyone who invests will seek maximum profits because the essence of investing is to seek profits for the future. but everyone has their own strategy. some make long-term and medium-term investments. For myself, I will take the medium term so that I determine a profit of at least 50% of the capital I have spent.

Cornia

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Taking profit is the most important in trading and investment. Because the objective of all traders is one and that is taking profit. And that's why different people follow different strategies. What I follow is the new blockchain project. If these projects are popular, there is huge growth. It is possible to get good profit from these blockchain projects if you invest in the beginning. Their airdrop is also profitable.

mbakruroh

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Quote from: Wenbing on May 23, 2024, 06:23:49 AM

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?

Of course, if we are ready to take all the risks, we will be able to generate profits in the future. Usually, after we buy coins, their prices decrease. This makes us hesitate in making the decision between holding on and selling it. If we sell, of course the loss will be clear, but if we hold on, the value in dollars will become increasingly depleted. This can be resolved if we don't expect the profits to be used for our needs at that time. This means that if we invest with pocket money, it is certainly very risky. But investing with money that is ready to be saved long term, then the conditions will be safe.

Rampagoe004

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Quote from: colinistheman on June 17, 2024, 04:42:27 AM

The potential coin in the market can be found by the investigation about the project,the random investment is not the right option.Because the random investment in the cryptocurrency will leads to loss of the investment.Take some time to analysis the project,because the money using in the investment is the real money.If you want to check the way of the random betting better use the test trading option in the trading exchange.The demo trading was the first one use by the traders at the initial phase.

I don't even recommend trying to pick up random coins. There are tens of thousands of crypto projects and you can't bet by picking a few at random and just looking at the hype or just because they are in the top 100. Altcoins are about buying low and selling high. Altcoins cannot be held for the long term because most altcoins will lose their value and will be replaced by new projects. Unless it is an altcoin with good fundamentals such as ethereum or bnb.

colinistheman

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Quote from: Cryptoababe on June 16, 2024, 05:43:04 PM

For me, I have been using a smart portfolio on my exchange lately. Although it helps me DCA into my position when there is a dip, it also automatically takes profit for me if I pair one stable coin with the coin that is pumping. This process is fully automatic.
Also, I like your strategy, and I'm going to add that to my method when the bull run starts.

The potential coin in the market can be found by the investigation about the project,the random investment is not the right option.Because the random investment in the cryptocurrency will leads to loss of the investment.Take some time to analysis the project,because the money using in the investment is the real money.If you want to check the way of the random betting better use the test trading option in the trading exchange.The demo trading was the first one use by the traders at the initial phase.

Cryptoababe

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For me, I have been using a smart portfolio on my exchange lately. Although it helps me DCA into my position when there is a dip, it also automatically takes profit for me if I pair one stable coin with the coin that is pumping. This process is fully automatic.
Also, I like your strategy, and I'm going to add that to my method when the bull run starts.

SUPERSAIAN

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There are so many situations that can change depending on the situation, I don't have a specific strategy. Putting the profit in your pocket is not really an easy task, you have to plan certain sales points. If you do not determine your sales points, you cannot sell anything in one place, then you may have to wait for the next bull season with the tokens in hand.

Losses always occur as a result of too much greed. It is better to determine your goal in advance.

jaberwock

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Quote from: AnonBitCoiner on June 12, 2024, 11:17:19 AM

Quote from: arufox on June 10, 2024, 06:37:44 AM

For me, there is no other or more specific strategy because I sell above the purchase price even though I get a profit of 1-2%. After that I waited for the price to fall again and then bought it. That's how I take advantage of both bullish and bearish markets.

This is a good strategy because by applying such a strategy you will not miss the chance to earn your profit. So many individuals don't want to take a small percentage of profit like 1% or 2% but I think it is better than missing the chance by waiting for greater profit.

Every person has different goals for which they think differently so some will accept little profit while others will wait for boosting events that can boost the price a lot but such thoughts are full of perils in case of new coins which does not prove to be profitable in the long term always.

That is true, but you need to be very quick with it, so that you could make a profit constantly with it, and not just one time and be done. Smaller profits require you to be constantly doing it and also have a chance to make a return if you know what you are doing, if you lose then it is going to take a step back, and if you win then you need to redo it all over again.

I believe that long term holding is a lot better, because you will not require working that much, and all you would have to do is just keep on trying your best .I personally believe that the best way to move forward would be just realizing that you are going to take some time to get there, and for that to work very well, you just need to focus on how to grow.

manok jepang

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Strategically it is very easy to make a profit in this bull run, namely by buying coins at a low price and selling them at a high price, of course this requires accuracy and in-depth analysis, because it is difficult to determine which coins will grow in any period, therefore determining a strategy is not as easy as turning the palm of your hand, it takes process and time,

Topic: How to Take Profit in this Bullrun (Read 905 times)