Topic: Taking profits (Read 71 times)

Set take profits as these things will really be the most important thing at the moment or time that you do make out some investments because if you wont really be taking any profits then you will be definitely be missing out tons of opportunities that you can be able to do so. Unless if you will be deciding on holding for long term then this is the moment or time that you will be not putting up any plans on selling out your holdings on which this one isnt really that bad either. Make up decisions that will really be according into your knowledge and awareness about on how this market works because if you do really know on how to go with the flow and making up some money then you will be able to sustain this unpredictable space. There are really just that those times or conditions that you will be hesitating on which this one is really that indeed normal. Always consider out on taking up some wise decisions in regarding into your portfolio.

We are the ones who will really be that making up such decisions because at the time or moment that we've seen ourselves not to be mindful about the risks involved or simply does make out decisions without basing up with some analysis then you will be ending up on making up some mistakes and errors. Therefore, you should really be that careful on what you are dealing into and not really just that simply make yourself that rushing up into decisions that you are into. Take profits if you do have the chance on doing so and make up some buybacks when the market do make out some dips and corrections. Rinse and repeat and you will see the difference on this one.

Hey, Merry Christmas to you too. You may try to take this way of taking profits just as how DCA happens. You can start taking 10% of your whole portfolio for profits if you are ever in need of money. But if not, do the math for yourself and what's comfortable and convenient to you. What I suggest is don't sell all that you have specially if the holdings that you have are the likes of BTC and ETH. They're hard to repurchase and that's why you need to be wise when you're going to sell them. Make sure that you have other plans of whether recovering them back or DCAing style again for it.

Yes, the need for a target to be achieved in an investment in altcoin is the most expected, by waiting for every movement that occurs, it is important, even though it takes time for every investment that we apply, it is clear that by setting a target from the start it becomes a goal so that you are more focused on investing and more directed, and maximize the results obtained.

Each investor has a specific strategy and clear targets for taking profits. There are those who may choose to take their profits after a 1x gain, while others wait for more... This also depends on the token that the investor has chosen to allocate his funds in.

I think the correct way to take profits is when the token price rises sufficiently. Then the investor can withdraw a good portion of the profits to secure his initial invested capital while keeping the rest in the asset. If the token experiences a correction,, the investor would have secured their profits and can buy back down, and more profits can be achieved if the currency continues to rise. This is undoubtedly a good way to reduce risks in altcoins. Many altcoins have been able to interact well with the Bitcoin price and have achieved a new ATH, so any investor should stay away from greed because it may make him miss out on opportunities. He should try to reap his profits whenever the opportunity arises and not leave his investments without clear goals.

There are different approaches to this

1) Some like to say invest $1000. When value of coins becomes $2000, they withdraw worth 1000 and then gamble with free money.

2) Some are investing only that money which they are ready to loose from day 1. They are also patient with the investment.

3) Some are investing for short term gains. I believe they are always in loss because their quality of life is affected due to tension and worries.

They are right about that.

Ideally you want to reach the point where everything you have on exchanges is already pure profit.

Once you have withdrawn all fiat (or power bills etc if mining Proof of Work coins) originally input everything still online is pure profit.

From there on you can keep building up, taking some fiat home from time to time as income.

Eventually hopefully that income will be greater than your fiat job income and you can start thinking about whether you want to keep the fiat job or don't need it anymore.


-MarkM-

It's essential to fix the PNL you've already achieved.
Being greedy kills the whole process and it's very important to minimize the risks in that regard.

By setting targets, you can also create other rules such as making withdrawals from your initial investment capital. For example, if you invest $1000 and your altcoins investment makes a profit, withdraw the $1000. Then, you will have the remaining tokens from your investment, which can be your net profit. You can hold it longer or withdraw it all.

100x can be done on memes only usually, and they are the graveyards of the deposits and funds.
So they are not a viable option, and should never be considered as such if a person wants a stable investment.

You should plan carefully, especially now that there are signs of a possible altcoin season. When I say “target,” it should be realistic, something you believe can be achieved. If your goal is to profit x100, then you’re relying heavily on luck, as this upcoming altcoin season, if it happens, might not be as crazy as the ones we’ve seen in the past.

Investors are getting smarter now, so they don’t jump into the hype or FOMO as easily. So, set achievable goals, and be ready to adapt your strategy one the altcoins season comes.

It's your choice, really.
You just should put a target and stick to it - once it's reached, don't hesitate to pull off from the position.

The way I take profits is by initially building my column of buy-side offers stronger and more dense than my minimum of twice as dense as my column of sell-side offers;

That way I can from time to time when fiat value of the buy-side assets is good, thin out the buy-side, taking the "excess" as profits.

That also of course helps my buy-side column of offers be extra-strong during the times between the profit-taking.

That twice as dense rule might not be so needed if not dealing with assets where your own buy side offers are a significant portion of the entire buy-side the asset actually has, such as if you venture into assets so huge compared to your own scale that your own offers are totally trivial compared to everyone else's.

But of course venturing into such assets means ceding control over price to everyone else, not being big enough yourself to make a big difference in the asset's fate.


-MarkM-

Hello,

What is in your opinion the most healthy way to take profits this altseason?

Looking forward to your thoughts!

Merry Christmas.