If you think you're already in profit I think you just take that profit and simply disregard the thinking that it could go even higher because most of the time, things just wouldn't go your way.
after all once you've taken your profit, even if the coin goes higher, you're still in profit, instead if the coin falls in value and you're still holding it, you're at loss, basically by taking your profit you're still winning in many scenario.
Topic: How to take profits? - page 6. (Read 939 times)
Well, it depends on your future needs, if that money is meant to buy something more important in the future, then you might consider getting the capital as soon as possible because you might not get any gain later when the market is not going well. If the money is just meant to be for pure investment and you don't have any plan for it in the future, then you can choose to grow it together with your current capital or withdraw some part of it to be able to regain back your money and use the remaining to invest back when the price is low.
I always choose to just leave 20 percent of it.
Take that $400 and if you decide that time is ripe to buy again with a cheaper price then do so. If you want, you could just use the profits for the investment method. That way you are safe to say you got your ROI back.
After that will be the hardest part because some investor will think they can take the higher risk because it's just profit that they are wasting.
That will be a bad decision. Treat the profit like your new capital, safe, save, choose carefully, decide in a manner that you did at your first investment.
Take that $400 and if you decide that time is ripe to buy again with a cheaper price then do so. If you want, you could just use the profits for the investment method. That way you are safe to say you got your ROI back.
After that will be the hardest part because some investor will think they can take the higher risk because it's just profit that they are wasting.
That will be a bad decision. Treat the profit like your new capital, safe, save, choose carefully, decide in a manner that you did at your first investment.
What I usually do is, let's say I put $300 as initial investment, and then I decide the the minimum amount I could withdraw for example $100, so I will wait for the value to go up to $400 and then I withdraw the $100, and then I will move the initial investment to other coin, do that 3 times so I can withdraw $300. That way I have already get my $300 and now I have 'free' $300 on my portfolio, then I will let the value wait the value goes up to $500 and then I withdraw $100 so now I have $400 as my portfolio, after that I will only take small mount of it, like weekly or bi-weekly, doesn't matter whether the values goes up or down, but to reach this I will need 6 months or even more, so it's not a quick way to make money.
Many things we can do to take profits from cryptocurrencies, but if we want security and long -term focus, hold and staking is the best option, such as if we stake cake then we can get apy up to 60% and of course the opportunity for profit if the price continues skyrocketed.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Never try to believe someone telling you that its good to sell at that figures or whatever tactics they do for profit taking because it will never come with the same result at your end since sometimes you cannot replicate what you do since trading is situational. Better create your own game plan on trading and set the threshold on when you want to take your profit since for this for sure you will have a guide and realistic plan on your trades.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
You don't make all the money in the market. The best scheme is to wait for a profit of 200 percent and take your invested money.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Or you invest as a long-term investor. But then you are waiting for a bigger profit but you also understand that you can lose most of the investment.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
If indeed the investment is dubious then it is better to at withdraw the capital we first deposited and play the profit as capital, even if later the investment we make looks chaotic at least we will not experience lose the money, I personally initially traded with capital saving money is around $500, but when I get a little profit in the market then I withdraw the initial capital and put it back in savings, but the little profit I get I continue to play as trading capital so when the market collapsed some time ago I didn't get much impact on my finances.Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Your strategy that uses the profit we generate for trading capital I often do it. Indeed, that's the best way to minimize risk when trading,
because sometimes the market doesn't move the way we want it to. Moreover, if we trade in new coins and shitcoins, we must immediately
take profit if there is an opportunity. So if the trading capital we use is derived from the profits we generate, when the market falls and we experience
a loss we will not lose our initial capital.
That is the importance of us immediately taking profit and not delaying it to get a much bigger profit. So that we can immediately get profit and
after that we can withdraw our initial capital, and continue trading using the capital from the profits we generate. But for some top coins,
such as BTC, ETH and BNB, I prefer investing for the long term. So I only sell it when the target I want is reached, because I believe in the future of
the 3 top coins that I have mentioned. In the end, if we want to make a profit in the crypto world, it depends on our respective strategies,
there are various ways to make a profit from crypto.
With the current state of the market, of course, we must be able to take advantage of the situation, if we have invested and we have obtained profits, then don't wait long because the market can recede again in a short time and take advantage of these profits then we return to invest in other coins that can indeed promise to be able to regain profits, but if you want to maintain on potential coins then it takes a long time to be able to get maximum results.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
If indeed the investment is dubious then it is better to at withdraw the capital we first deposited and play the profit as capital, even if later the investment we make looks chaotic at least we will not experience lose the money, I personally initially traded with capital saving money is around $500, but when I get a little profit in the market then I withdraw the initial capital and put it back in savings, but the little profit I get I continue to play as trading capital so when the market collapsed some time ago I didn't get much impact on my finances. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
There is not a simple way to answer this, there are thousands and thousands of books written about that, being a holder is relatively easy as long as you can withstand the heat and hold when you are facing some losses, however trading is something way more complex and it is not for everyone, I will recommend to you that you begin to read articles about trading in general and once you know more about the topic you could begin to read some books, but let me warn you becoming a good trader is not something which you will learn in days and at best it will take you several months before you are ready to make your first trade.
Trading is difficult and a few months will not be enough here, it will probably take several years to gain experience in practice, but even then there will be no guarantee that there will be good results in trading. Being a hold is also not very easy, you need to be able to buy and sell on time, otherwise the profit may be insignificant, and hold requires a lot of time and you need to get the maximum result from this.
For profit, of course there are many things we can do, but what I think is the easiest is to hold and stake, if we focus on big profits then staking is the best solution, especially in Pancakeswap there is auto staking so that all earnings will continue to accumulate and become more profitable if Prices also go up.
I think it depends on your personal strategy because the core of the investment is that you get profit from your money. Whether the profits are withdrawn to be invested in other projects or attract capital to be invested in other projects, both in my opinion are the same and are very good as investment diversification.
It's true that everyone has their own strategy that they apply to be able to take advantage. I think that's how we see a more favorable situation. As you said, you can withdraw profits or withdraw capital and let the profits in the assets that we have. I personally prefer to let the profits work for us. 
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
How do you take profits? When the market goes up to 500 euro, you take our more than 300 euro from your investment, you already took your profit. Now even if the price falls down, you won't lose anything, since you already covered your initial investment. Anything from now on is only profit. If the price goes up, you are in more profit, if the price falls, you have less profit. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Most people reinvest their profits when the price goes down again.
I think it depends on your personal strategy because the core of the investment is that you get profit from your money. Whether the profits are withdrawn to be invested in other projects or attract capital to be invested in other projects, both in my opinion are the same and are very good as investment diversification.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
There is not a simple way to answer this, there are thousands and thousands of books written about that, being a holder is relatively easy as long as you can withstand the heat and hold when you are facing some losses, however trading is something way more complex and it is not for everyone, I will recommend to you that you begin to read articles about trading in general and once you know more about the topic you could begin to read some books, but let me warn you becoming a good trader is not something which you will learn in days and at best it will take you several months before you are ready to make your first trade. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
from what I learned, it is one of the strategies in investing. at this time, your method is also not wrong, in fact you are right that when you use that strategy, then you will lose the maximum potential of the assets you hold. however, people suggest it, because it is a pretty good strategy and also low risk. it is a technique that always puts profit first, no matter the maximum potential of the asset you hold. as long as it's still profitable, then that would be great. Imagine, when your $300 investment becomes $500, and you take your main capital from $500 and it becomes $200. In this condition, you do not have the slightest risk, because you have taken the main capital you have. In this case, you can get a sizeable profit when the price goes up again, and you can buy back to the amount before you took your capital when the price drops. well, this is one strategy that is widely used to date. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
It's better rather than hodl your token for long term but you will get nothing from there.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
I am a notorious hodler too, which also has to do with the tax laws regarding crypto investments here in my country, because you have to pay taxes on profits that you have made while trading cryptos except if you were hodling the tokens or coins for more than 1 year then you don't have to pay taxes. That is why i hold the coins at least 1 year.
It is definitely true that you can make way higher profits if you are an active trader in comparison to someone that is just hodling but of course every trade that you are making also means that you can make a mistake. This means not only the potential profit is way higher when you are a day trader but also the chances that you lose all your money are way higher.
I am mostly a hodler no matter the market going down or up. But sometimes I get the advice to take some profits.
Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
The only way we can generate profit is to sell them high. As you can see in your portfolio, it was quite growing a little bit, and selling them earning $200 euro could be somewhat great. You can sell them all and reinvest them again or just get the 200 euros. Honestly, nothing happens with our money and we don't need to keep them asleep because, in the end, we become a loser missing out on the chance to earn profit. As you can see, active traders earn more profit compared to holders because they can possibly earn some every day, unlike holders who will just have some if they will sell which is not happen every day but for months or years. Example: my investment of 300 euro becomes 500 euro. Is it better to take out my initial investment or only take the profit ? And reinvest that profit ?
How do you guys do this ?
I just feel like i'm missing potential profits by not selling and seeing my potential profits go up and down.
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