I'm not really interested in a short term trade, it's not actually my thing.. it doesn't give substantial profits as far as I can tell. I don't mind waiting waiting years to reap the profit of my investment as long as they keep working assiduously at their backend. So longterm it is for me though.
The thing is, long term investments are actually very profitable when you're hodling a coin that's sustainable for the long period like Bitcoin, since you're pretty sure that Bitcoin isn't a pump and dump coin, thus no matter how long you hodl it and how many correction periods happen during your hodling span, you'll prolly make profits if you're patient enough to wait. But then again, if it's altcoins you are hodling, then tbh, you should only consider holding them for a short period, as I consider majority of them to be short term projects and if you try to stick with it for too long, you'll more often than not run into losses when it eventually dumps. 
Topic: Taking Profits - page 6. (Read 734 times)
I think there is no specific perfect method when it comes to take profits except that you’re lucky enough to buy low and the price suddenly exploded in a matter of time (but depends on the trends that is happening on that specific coin or token that you have bought). The market is very unpredictable these days, so we don’t know when will it go up without warning.
I would be happy at least if I am going to take profit x2 or more for short to mid-term coins. But for long term coins such as Bitcoin, Ethereum, etc., I wouldn’t mind holding them for long (unless I’m a day trader).
I would be happy at least if I am going to take profit x2 or more for short to mid-term coins. But for long term coins such as Bitcoin, Ethereum, etc., I wouldn’t mind holding them for long (unless I’m a day trader).
I'm not really interested in a short term trade, it's not actually my thing.. it doesn't give substantial profits as far as I can tell. I don't mind waiting waiting years to reap the profit of my investment as long as they keep working assiduously at their backend. So longterm it is for me though.
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?
Am not an expert trader also I don't have enough experience in trading crypto-currency, but what I have is persistence to learn what trading is all about and how I can make more profits than loss in trading, am currently orbiting the learning space of crypto-currency trading but I would answer you with what my plans are.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 personally would after a successful trade take out my capital and if I am to continue any further trading I would continue with my profits.
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?
Why should you be confused about when is the best way to take profits?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?
We have a different strategy when we take profit, but I can only suggest you take profit if you see the profit is at 25% or more but sometimes, taking profit less than 25% will be good, especially if the market moves randomly.
You can leave your profits in the trade, but there is no guarantee that you will still see your profits in the next few days or months as the crypto market will always fluctuate.
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
But in bitcoin things are very different simply because unlike altcoins, bitcoin has long term potential due to its real utilities. In fact many are accumulating bitcoin this way, they sell bitcoin when there is a big rise and a chance of correction and buy back bitcoin with all the money they had to increase the final amount of bitcoin they have. Repeat until they reach their target (eg. owning 1 whole BTC).
People do so because the potentiality of bitcoin is not hidden, and it's doesn't have a deficiency effect related to die off on like some alternative coins, i agreed with you, because some of the altcoins is not worth reliable through long time investment, the only factors i found in bitcoin as a minor problem is price stability, stagnant or movement, it always fluctuates but it worth to invest irrespective of the values distability. 
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?
It's never counted as profit until it's taken out. Anything can happen to it while it's still in the trade. We've seen supposed profit go to zero.In the cryptocurrency market when you buy altcoins you should never hold them so when you get your desired profit you should sell all of it and completely exit that coin and move on to the next altcoin that is about to be pumped to repeat the same thing and maximize the profitablity.
This is easier said than done. No one can confidently tell a crypto that's about to blow up. Otherwise, we all here would be filthly rich. The best any investor or trader can do is speculate. Again, what makes you think that exiting that winning and profitable trade and throwing the cash in another alt would be a profitable thing to do? What if the new alts dump immediately you buy in? We've seen that happen a lot of times. I also have been a victim of that. I rather take out my profit in percentage (something like 20%–30% first) and let the rest run than take all out at once and go chasing new alts. By the way, OP kindly move this thread to Trading Discussion. That's where it rightly belongs.
You didn't mention profit on "what" which is another important factor affecting what you should do.
In the cryptocurrency market when you buy altcoins you should never hold them so when you get your desired profit you should sell all of it and completely exit that coin and move on to the next altcoin that is about to be pumped to repeat the same thing and maximize the profitablity.
But in bitcoin things are very different simply because unlike altcoins, bitcoin has long term potential due to its real utilities. In fact many are accumulating bitcoin this way, they sell bitcoin when there is a big rise and a chance of correction and buy back bitcoin with all the money they had to increase the final amount of bitcoin they have. Repeat until they reach their target (eg. owning 1 whole BTC).
In the cryptocurrency market when you buy altcoins you should never hold them so when you get your desired profit you should sell all of it and completely exit that coin and move on to the next altcoin that is about to be pumped to repeat the same thing and maximize the profitablity.
But in bitcoin things are very different simply because unlike altcoins, bitcoin has long term potential due to its real utilities. In fact many are accumulating bitcoin this way, they sell bitcoin when there is a big rise and a chance of correction and buy back bitcoin with all the money they had to increase the final amount of bitcoin they have. Repeat until they reach their target (eg. owning 1 whole BTC).
Keep sl at entry price first and when it increases further increase your sl, this way you will have your capital intact and will secure profit too.
My advice to you is never to ask trading questions in the public domain because you will eventually get confused after seeing multiple replies. The decision to take profit should always depend on our requirement. You need to assess your requirement first and then decide. Trading can be only learned through experience and not advice.
It depends essentially on your willingness to take risks and how much you need that money.
The safest thing to do is to withdraw the initial funds you invested (+ small profit if you want) and reinvest the rest.
The second best option is to regularly withdraw small percentages of your initial investment.
The first option is safer because even if things go south you will only lose the profit you already made, but the second one can generate more profit since you are investing more money.
The safest thing to do is to withdraw the initial funds you invested (+ small profit if you want) and reinvest the rest.
The second best option is to regularly withdraw small percentages of your initial investment.
The first option is safer because even if things go south you will only lose the profit you already made, but the second one can generate more profit since you are investing more money.
Every person has different strategies to make a profit. Everyone in cryptocurrency wants to take profit, but is everyone getting? No, because of strategies. We don't know which strategies will work when. It depends on the situation. So you have to decide on the real-time, can't be fixed from the scratch.
For me, I even come out from trade with 5% profits sometimes. And sometimes lost if dump the coin. So basically when I decide to take profit and come out, means I sold all the coin. I don't like to stay longer on a single trade. Definitely, I have chosen a few coins to trade, but when out, then totally out with a profit. Then I will trade again during the dump. Sometimes have to wait and sometimes could re-enter the next day. That's how I take profits lately.
For me, I even come out from trade with 5% profits sometimes. And sometimes lost if dump the coin. So basically when I decide to take profit and come out, means I sold all the coin. I don't like to stay longer on a single trade. Definitely, I have chosen a few coins to trade, but when out, then totally out with a profit. Then I will trade again during the dump. Sometimes have to wait and sometimes could re-enter the next day. That's how I take profits lately.
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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?
To be honest the decision is very hard to take. It actually depends on your position. If you are in profit then I don't think you should wait to take out it. Or if you are a long term trader then You should not look the price of your holding token without any big profit. But if you are profit in short term then you should take the profit. It also depend on your financial position. If You need some urgent money then you have to sell a portion and use it in your need irl. 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?
If you are talking about more profits then compounding is the best ever strategy to be implemented, keep investing the profits you made and let them to grow as well but it totally depends on your affordability. Taking out the profits at regular intervals is also not a bad idea ao at the end how good you are at managing your portfolio at the bump and dump. 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?
It is better to invest to make a profit in a short time. But have you ever thought that investing can be the cause of all your money Destruction. If some part of the investment is profitable, accept it.
If you can accept it, you can make a profit by investing. It will be more profitable,
You move the topic from the Trading Discussion
If you can accept it, you can make a profit by investing. It will be more profitable,
You move the topic from the Trading Discussion
Hello, what is the best way to take profits? I'm confused if I should take my seed out?
Seed means your a private investors right? If I'm right then, sell all your initial tokens and even the remaining vested until you gain back your capital. Now when this is done you can let the other vested ride until the market improve or depends on you if you wanna take profit monthly.
I think this particular thread you dropped this topic is not suitable to it, i suggest that you should move it to trading section, because i believe that it will get more attention than BH board section here it's.
At this time i will like you to pull of your capital and forward the investment with your profit, because their is every tendency that if your capital and profit is still Left over on the process of expecting huge amount of profit, the possibility for you to be at positive side is there, and the possibility also for you to land at negative side is also there, so it's better i removed my capital and go on with my 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?
At this juncture, everyone have it's method to backdate it's investment, depending your target, objectives, motive and aim before investing, we all know that investment via bitcoin can be of profit or lost depends on curiosity of the investor to decide or make a profitable decisions about investment.At this time i will like you to pull of your capital and forward the investment with your profit, because their is every tendency that if your capital and profit is still Left over on the process of expecting huge amount of profit, the possibility for you to be at positive side is there, and the possibility also for you to land at negative side is also there, so it's better i removed my capital and go on with my gain.
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?
It's obvious that your profit values related will determine your profits if you removed it, and also it's not properly sure that if you leave your profit you will be sure of making more money, i think you misunderstood the concept. 
Which way is more profitable, or does it even matter?
Obviously, the most profitable way is to sell when the price has made the highest climb and to buy when it's dumped the most. The problem is that you cannot know when these happen. Only if you have enough money to manipulate the market temporarily you can lower your risks. Otherwise, it's just gambling.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?
Yes. 
Totally depends on a lot of factors.
1. How confident/unconfident are you that the asset will continue to go up?
2. Do you really need the money?
3. Are you planning on using the money on something else?
4. Are you going to reinvest it to something that could potentially go up more?
1. How confident/unconfident are you that the asset will continue to go up?
2. Do you really need the money?
3. Are you planning on using the money on something else?
4. Are you going to reinvest it to something that could potentially go up more?
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 mean, if the price continues to increase, then of course you'd be making more money lol. Jump to: