There's a lot of ways to take profits but it always depends on the factors. You can also use different methods like scalping if you wanted to take profit when price goes 25% or 50% you said, are you that confident about the coin you are holding right now? I would like to know what coin it is.
If your prediction about 25% to 50% I'd rather hold for a longer time. I'd suggest long-term trading.
Topic: Taking Profits - page 4. (Read 795 times)
Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
Basically, it's important, and it's worth noting, it depends on you... whether you are a more active or passive trader, if it's active... there's nothing wrong if you take steps like that, little by little anyway... if it is obtained frequently, it will be more profitable. If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
Taking your seeds out once you see enough profits is the best and smartest thing to do considering that the market is moving up and down. Taking that chance to sell at high is a huge opportunity, many people had missed that thing because they even wanted more and more which is very unlikely. If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
But if you are a long-term investor and investing in Bitcoin, holding seems good as well. But for me, I'll take every opportunity that I saw and in fact, if I sell it today, I can still make a buy option once it drops again. That is really how it pictures out.
Profits are profits no matter when you take them out unless your trade turns out to be in loss.
The best time of taking profits is when you are getting 100% of it (2x), take out your capital and let the position run till your target is reached with a trailing stop loss, this prevents you from losing big on your profits too.
If your targets are lower like 20%, 50% etc. then take out 50% of the total position (some part of your capital too) and let the remaining profits be in.
The best time of taking profits is when you are getting 100% of it (2x), take out your capital and let the position run till your target is reached with a trailing stop loss, this prevents you from losing big on your profits too.
If your targets are lower like 20%, 50% etc. then take out 50% of the total position (some part of your capital too) and let the remaining profits be in.
If you have made a profit as you wish, for example you have made a profit of 25%, you should sell it. That's your chance, don't multiply your profits before you open sell. You have to open sell first, after that you have to re-analyze and start a new trade by folding profits as new capital. This is better than waiting for a big profit on the main trade.
Percentage profit taking will really be varying on your own decision because niether you do like 10 or 20% then its your own discretion or preference because its your own decision and not everybody wouldnt reallybe the same when it comes to decision making.Taking profits is something your own decision and also not all would not all will really be having that long term kind of investor and there are rest who do love to short
in small spikes or increase in price which basically tells us profits will profits it doesnt matter on when and how you do able to gain those.
Indeed, all decisions are in the hands of each of us, we don't need to be the same as others for taking profit. Everyone has a different strategy
and decision, there is nothing wrong as long as we can make a profit regardless of the profit generated. So it is very important that we have
good knowledge and ability to analyze the market, so that we can determine the percentage of profit according to the strategy we use.
Because many factors affect the way and the amount of profit we make from trading crypto. We must believe in our own abilities, because only
ourselves know the suitable way to generate profit. when trading, don't be influenced by people's opinions, because what other people do is
not necessarily in accordance with the strategy we use.
There are many strategies to take your profit from trading, but the most that I use is to set a profit target (weekly) before I start trading! Let say my capital is $1000 and my targeted profit is 10% weekly, so in this matter, I will be targeting at least 1.5% every single day which is very easy to get if you are a good day trader! 1.5% of $1000 = $15 per day, which means 1.5% in 1 week (7 days) will be 10.5% which is my targeted profit. So I'll be taking a $105 weekly profit from $1000 by targeting only 1.5% every single day which is 100% possible!
So there are many strategies, but always be patient! Small random percents will take you to your targeted profit easily.
So there are many strategies, but always be patient! Small random percents will take you to your targeted profit easily.
In trading, it is impossible to set such plans for the profit that you should receive in a week. Each week on the market is not like another because of the high volatility of the cryptocurrency. Therefore, if the market is bullish, then you need to take profit to the maximum, without limiting yourself to percentages. And when the market is sideways, you just need to take a break from trading.
I think 10% to 15% profit is enough if your trading money is high and if you are brand new you will not find happiness even after making 50% profit, You have to decide first how much profit you will actually make trading and if you can't decide then I would say take a little more time before you start trading and then start, In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.
It could be good enough, not just good enough but a great return. However you can't do that all the time, if you are going to be long term then you should be aiming at x2 or even more, if you are short term then you may end up losing money there as well, and will need to wait for it to go back up basically making it a long term investment unintended.So, what you should do is, aim for 10% if it is under one day, 25% if it is under week, 50% if it is under one month, and 100% if it is under 6 months. That's what I do, if I am going to hold something then the longer I hold it the more I wait for it to go up and as long as it is doing fine then I can wait for it to go up as long as I have to.
In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.
Do you mean if we have more in-depth technical analysis then we can set more targets? I do not think so. Instead of focuing on making big profits in single trade, a smart trader must look for many profitable trade even the profits are small from each trade. Overall, not losing but making minimum profits also will ensure our success in trading. So, "how much profit" is definitely insignificant in my opinion.I am in favor of taking out 5% to 10% profits each trade. Just being consistent in profit making definitely more than enough for any trader rather than looking for big profits.
No doubts that if you can consistently gained 5-10% each trades and you keep rinsing the market as many as you can, that's more profitable than trying to maximize your profits in a single trade, though it's a case to case opinions and we do have our own interpretations with our trading activities, but being realistic and practical, with a high volatile asset, you need to act wisely. The more chances to make a quit exit with a decent profit is far better than a waiting game with a high risk that the market can go in the other direction and burned your position.
Not saying that long term is bad, but my point is if you can grab a good opportunity to sort the market and you established a good strategy to keep rinsing and getting more winning trade than some bad trades.
Best to consider and think deeper when you assess your decisions.
If you have made a profit as you wish, for example you have made a profit of 25%, you should sell it. That's your chance, don't multiply your profits before you open sell. You have to open sell first, after that you have to re-analyze and start a new trade by folding profits as new capital. This is better than waiting for a big profit on the main trade.
Percentage profit taking will really be varying on your own decision because niether you do like 10 or 20% then its your own discretion or preference because its your own decision and not everybody wouldnt reallybe the same when it comes to decision making.Taking profits is something your own decision and also not all would not all will really be having that long term kind of investor and there are rest who do love to short
in small spikes or increase in price which basically tells us profits will profits it doesnt matter on when and how you do able to gain those.
If you have made a profit as you wish, for example you have made a profit of 25%, you should sell it. That's your chance, don't multiply your profits before you open sell. You have to open sell first, after that you have to re-analyze and start a new trade by folding profits as new capital. This is better than waiting for a big profit on the main trade.
In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.
Do you mean if we have more in-depth technical analysis then we can set more targets? I do not think so. Instead of focuing on making big profits in single trade, a smart trader must look for many profitable trade even the profits are small from each trade. Overall, not losing but making minimum profits also will ensure our success in trading. So, "how much profit" is definitely insignificant in my opinion.I am in favor of taking out 5% to 10% profits each trade. Just being consistent in profit making definitely more than enough for any trader rather than looking for big profits.
I think 10% to 15% profit is enough if your trading money is high and if you are brand new you will not find happiness even after making 50% profit, You have to decide first how much profit you will actually make trading and if you can't decide then I would say take a little more time before you start trading and then start, In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.
profit that has exceeded the target, then it is a bonus. the main thing is when we continue to profit and the target is met between 10%-15% per month is something of success, especially when using large capital, of course the results will be great too. Don't let us get trapped in greed, where any money will run out if we don't manage it well, and of course if it goes well, less than a year we will get 100% profit. 
When we trade on a trading platform, we know that the profit we make is the profit of the profit.I sell it for more profit than trading. And as soon as I buy coins, I keep up with the tech profits.When my specified given actual goes away it automatically becomes a cell. So everyone will use this method in trading.
I think 10% to 15% profit is enough if your trading money is high and if you are brand new you will not find happiness even after making 50% profit, You have to decide first how much profit you will actually make trading and if you can't decide then I would say take a little more time before you start trading and then start, In the end I want to say how much profit you want to make and that is what you need to do to work efficiently.
Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
Actually, it all depends on what you desire. If you believe that 25-50 percent is sufficient, I believe then is the moment to profit. However, some traders examine the graph and use technical analysis to establish the graph's ceiling and flooring so they may know when to take profit. But, once again, it is always your option when you are comfortable with the profits; if you feel compelled to hold more, do so without regret no matter what happens.If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
Agreed. First off, you should be ready to take whatever happens without regret. To achieve that, you shouldn't risk significant(for you) amounts of money. Now, since you are not putting at risk something significant, 25% or 50% gain is hardly what you need. Wait for 200% or 300%, cash out half, and then play with the rest of it. In short: leave your profits in the trade until the gain is sufficient.
There are many strategies to take your profit from trading, but the most that I use is to set a profit target (weekly) before I start trading! Let say my capital is $1000 and my targeted profit is 10% weekly, so in this matter, I will be targeting at least 1.5% every single day which is very easy to get if you are a good day trader! 1.5% of $1000 = $15 per day, which means 1.5% in 1 week (7 days) will be 10.5% which is my targeted profit. So I'll be taking a $105 weekly profit from $1000 by targeting only 1.5% every single day which is 100% possible!
So there are many strategies, but always be patient! Small random percents will take you to your targeted profit easily.
So there are many strategies, but always be patient! Small random percents will take you to your targeted profit easily.
Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?
If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
Actually, it all depends on what you desire. If you believe that 25-50 percent is sufficient, I believe then is the moment to profit. However, some traders examine the graph and use technical analysis to establish the graph's ceiling and flooring so they may know when to take profit. But, once again, it is always your option when you are comfortable with the profits; if you feel compelled to hold more, do so without regret no matter what happens. If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?
legendary
Activity: 2408
Merit: 4282
eXch.cx - Automatic crypto Swap Exchange.
Hello, what is the best way to take profits? I'm confused
Firstly this totally depends on what you're doing. Are you trading or investing. This are two different things and the approach can be different. If you're investing for long term then ignoring the market until your target is reached would be the right approach in this instance. You might get tempted to take profit along the way but sticking to your investment plans would be the right thing to do and this will help your devolvement as a professional investors.
While in trading, understandably, people trade anything including shitcoin in hopes for outsmarting the market or riding the hype to get some profit. In situations like this, you're to seized every opportunity you see and take profit, I won't advice existing the market totally but your capital has to be secured then you can consider adding some profit and extra cash for buy backs Incase you still believe in the project.
It depends on you how you take the risk there are some people who make an investment with the help of technical analysis, technical indicators, traders hype and many more once they caught some signal of changes for the upcoming trend they make an investment on it.
Yeah, but here we are discussing about how you are going to exit those investments. It means that we are considering lots of criteria for making an investment or trade hence do we need to consider same kind of criteria for exiting to confirm our profits? In my opinion, yeah we should consider all the criteria which are related to change of trend.Unfortunately most traders are not following any technical analysis for exiting/profit booking. They are all going for booking profit blindly or going by fixed target level; in my opinion this will definitely have a negative impact on our profit levels in the end.
It depends on you how you take the risk there are some people who make an investment with the help of technical analysis, technical indicators, traders hype and many more once they caught some signal of changes for the upcoming trend they make an investment on it. In the same way to you it's all about your knowledge, not all the time a coin pump almost 25% they are going to another 20%+ per cent of profit again there's a support and resistance on it it's all about your knowledge and risk management.
Jump to: