Taking Profits - page 5. | Bitcointalksearch.org

pawanjain

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

The best strategy to take profits is to buy when the price is down by following the Dollar Cost Average strategy and sell little when the uptrend is over.
If we look at larger timeframes, we can sometimes easily spot the reversal of a trend. Selling during these reversals and buying back when the price is low is the real deal.
This is how you should take profits but many fail to spot the reversal and follow the same strategy in the long run.

Also, it has been beneficial to just hold the coins for the long term for many people including me.
There are some coins that I hold for the long term and some coins that I actively trade.

gabbie2010

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Quote from: LastKiss on October 24, 2021, 05:42:35 AM

Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

The best way to enjoy your profit is to become not greedy to your self, because when you greedy u can lose all your profits u have. Do some research and look for the fresh news about your cryptocurrency it's better u get 1% profit everyday rather than having 30% profit and the u lose it all

I also share your opinion on taking profit when trading cryptocurrencies, once I earned some reasonable amount of profit I close the trade and wait for another opportunity, I once became greedy and allow my trade to run to earn more profits but ended up losing, usually I used Bollinger band to take profit once the price had erupted out of the band completely I will always take caution hence take profit because "half a loaf of bread is better than none". I experienced high volatility of the price of cryptocurrencies thus I take profit as quickly as I can.

Victorycoin

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Traders in crypto trade for profit with less profit in trade, more profit must be made is becoming more prominent as an investment approach for traders this is because unlike day trading it provides more flexibility while providing ample trading opportunities to consistently generate returns. Trades are open for more than one day the location may remain open for a few days or weeks if the trade is profitable they can keep it open for months.

TheEconomists

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

You are really new not just here but in terms of trading crypto currency and others. Taking profit doesn't necessarily mean you should just take out the percentage profit you made in a trade but it simply mean for example if you enter a trade with a capital of $1000 and after placing traders and you were able to made an addition of $300 to your trading capital then you sell off your position and wait for another opportunity.

andriarto

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Quote from: LastKiss on October 24, 2021, 05:42:35 AM

Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

The best way to enjoy your profit is to become not greedy to your self, because when you greedy u can lose all your profits u have. Do some research and look for the fresh news about your cryptocurrency it's better u get 1% profit everyday rather than having 30% profit and the u lose it all

Mathematically, 1% every day will be a big profit in 1 month, but sometimes the target cannot be consistently achieved so that the target is different every day. for me see the market to get the target is the main thing, we can place the target in the nearest resistance area, and I think more than 1% can be achieved.

wozzek23

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

Your profit booking should not be based on what market is doing but you must look for where you have bought and how much profits are realizable then you may go for booking profits. If you are going to get anything higher than 5%, then I guess you can go for booking profits. Usually 10% profits on each and every trade should be regarded as a good trade still 5% profits per trade is not bad to have.

Quote from: geegaw on October 24, 2021, 09:08:19 AM

Taking profits requires such frankness, many traders desperately want their profits at the moon while not having a suitable rocket launcher, wasted quite a bit of fuel for flight and no harvest

I agree. We should not remain greedy while closing a trade. We should obey what technical analysis is saying. If we are not following as per technical analysis then we may lose our capital as market fluctuations may eat all the unbooked profits at any time.

geegaw

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Quote from: bamb on October 24, 2021, 06:48:04 AM

What I have seen many times about profit taken is that, it's better to take profit whenever you see one. No profit is too small or too big, profit taking is a skill that must been learnt or else, you waste your resources and your precious time invested!

Understand, what you aim for from profit taking is to cherish the pieces of meat that you cut from the crypto market, maybe a small piece of meat does not make others salivate but for you, it's the result of resources and days of hard work, squandering it is like not respecting what we ourselves make and this is not a valuable virtue that can make us better. Taking profits requires such frankness, many traders desperately want their profits at the moon while not having a suitable rocket launcher, wasted quite a bit of fuel for flight and no harvest

bamb

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What I have seen many times about profit taken is that, it's better to take profit whenever you see one. No profit is too small or too big, profit taking is a skill that must been learnt or else, you waste your resources and your precious time invested!

LastKiss

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

The best way to enjoy your profit is to become not greedy to your self, because when you greedy u can lose all your profits u have. Do some research and look for the fresh news about your cryptocurrency it's better u get 1% profit everyday rather than having 30% profit and the u lose it all

sumant

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My point of view is that taking profit is not a bad habits but taking small profit will not give a bumper returns that share going to fill through his lifetime. Some capital should be for long term basis then you can take your minimum profit. One more thing we can do that over 50% of profit is definitely going to accept by traders because in today's world you never know what is going to happen next.

michellee

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

As long as you can make a profit of more than 15%, you can sell it right away. You can sell your coin at a profit or hold it for the next higher price to sell, which will be up to you. But maybe you can sell for 50% of your coins so you can get your money back and you can search for the other coins or buy back the same coin at a low price. Or you can sell all of the amounts if you think the coin will drop after it reaches the highest price. Everything will be back to your analysis before you decide.

chaser15

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

I'd rather take profits the time I really decided to sold it. Be it 25% , 50% , 100%, it doesn't matter as long as I will profit from my actions.

The more you wait for a price target, the more it doesn't happened so just sold it if you are 100% ready.

agustina2

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

Your idea can work but the question is, what if that's not the scenario?

We will know if our plan is a good shot unless we tried it. For me, disregard your confusion and if you think it's the right time to sell, just do it without hesitation. The same action is also applied when thinking about buying.

livingfree

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

If you're conservative and just want to take your capital, take it first and leave the profits so that it can do its own thing for you.

And that is to make more profit to you while securing your capital. As it makes profits, you should take as much profit as you can. Whether it will be 10%, 25%, 50%, or all of it.

As long as you're contented with the percentage.

sheenshane

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

It's a good decision if you will get your profit at once and hold them in a long term. Just like, if you have profited more than 50%, that's pretty good to re-invest again when there's a correction of Bitcoin price. It's really hard to jump in a dip price, you need to wait a perfect time of investment, and also taking profit should also be a perfect time and I think, there should be a profit target.

Quote

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?

Possible, but don't expect that you will take profit next time as big as you get as earlier.
If I were you, just take profit at once and reinvest when the market becomes in the bearish market again, but the question is when this will happen, it seems the market has been enjoying the bull run.

Oceat

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Quote from: Stanlo on October 23, 2021, 02:46:59 AM

I have a strategy for you, care more about how much you invested if the coin is surging let's say 10x take out the exact amount you invest in the first place, this will unlock your confidence but holding on will depends on the quality of the project💯 if you feel like the project isn't that good then it's better to take all your profit

If you are talking about altcoins, ICO, DeFi or whatever it is then the best way to earn profit is to sell them early because there's no point of holding it for long term since eventually they were going to dump those shitcoins project. It's better to put your investment into Bitcoin rather in a pump and dump projects who doesn't have a chance to make profit in a long term investment.

Better understand the project/coins you are dealing with than making a risky move to try to trade with it trying if it's profitable. That's a waste of energy and time, you should know how to focus only on your goal and stop trying on a different stuff that isn't gonna give you some profit in the long run.

Issa56

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I seriously I believe you should make conclusion yourself depending on the way market is at that particular moment sometimes you will have to remove your capital and also your profit if you notice the market is not really favorable you have to leave the market completely, but if you think the market is not really bad you can take your capital out and leave the profit. Like me now I always take the capital and then leave the profit depending on your choice because we all have different trading pattern.

teosanru

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

What I have realized in my years of trading is that always take profits at different points, don't just be stuck at one rigid point and make it your take profit, have at least 3-4 TP points, and make sure you take adequate profits on all of them, talking about how much should be these points, a general rule to calculate it can be the Risk to Reward Ratio, you can use your risk %age and make sure you take alteast profit twice of your risk percentage unless you are very unsure of your trade, patters can also help you identify potential TP points, resistances can also be used as Taking profit points.

Oilacris

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

This is where you could able to differentiate out on whats between a long term trader or short term ones because if you do prefer on seeing profits on shorter duration then setting some percentage

is a must and when it hits then you would basically be selling off.Rinse and repeat which i can say that you could really make more profit compared when you do just wait for the price to go up.

So its your choice on what you preferred because some are risk takers and some do prefer on dealing with less risk.

Ararbermas

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Quote from: Nevaehp on October 22, 2021, 12:25:08 AM

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?

better to learn the movement of the growth rate so that you know how or when is the right time to exit., because it's not actually about the percentage you already had wherein its all about the potential of the coin you trade.. If you see some negative sign then better to exit and don't wait until your profits disappear, if its all well then continue holding but set your stop loss limit so that no matter what happen even you're sleeping you can assure that your profits will be directly to the safe place, that's always a good idea to be honest.. Wink

Topic: Taking Profits - page 5. (Read 734 times)