Topic: Taking profits mid term (Read 260 times)

The more you collect the coins the more profit you will be gaining but first you must make sure that you are not buying some wasted alt coins that has no potentials to grow their price in the future. I think your analysis is quite good but i don't do short/mid term trading because it has a lot of risk if you're not watching carefully the charts.

this is good strategy. you don't have any risk to keep your tokens. they already your profit. you can carry in your bag long term.

I for myself have the rule to never sell at a loss. And it worked all the time except one time with sia. I am holding since 700 sats


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First, what you are doing is really good and safer way to make profit in short to mid term.

Try to play with multiple coins with same amount of bitcoin/fiat and than try to cashout atleast initial investment when it will be pumped and hold other half for long term if you are optimistic over that particular coin or you can just sell everything off on peak so that you can now invest those in two different coins which are still undervalued.

Short/Mid term trading is not always about getting big profit, its about diversifying risk and securing profit by selling off. Don't sell for loss...

Hello my friends,

I am kind of new to cryptocurrency (been investing for 6 months now).
I would describe myself as swing trader since I only have time to trade in the evening and on the weekends.

So what i want to discuss (or ask) with you is how you are exiting your trades.

For myself I buy coins and immediately make a sell order for double the price for half the coins.

Example

buy 200 coins at 1000 sats = 200 000 sats
sell order 100 coins at 2000 sats = 200 000 sats

I keep the other 100 coins until i decide to exit manually.

This is mainly a safe apply in my opinion but lets take ark for an example:

entry: at 42k sats exit: at 87 sats (so not exact double) price right now about 100k
with the money I took out I have bought xel at 13063 sats.

So after a while I have a really diversified portfolio which is not as good as it sounds because I only always get into trades with the same amount of money (which means no exponential growing).

So, my question to you is how do you exit your trades or what would you recommend me to enhance my profits?

I hope my point is clear here which I somehow doubt, because i feel that my english is not that good, and would be happy about a good discussion.

P.S. I have been a lurker for some time now this is my first post. I am a 21-year-old student of financial mathematics and economy computer science from Vienna .