Topic: What are your rules for profit taking - page 9. (Read 1444 times)
Right or wrong (probably wrong), till now I waited for second resistance zone, sometimes I sold on first resistance zone a little part. May be I should be less gridy
I try to withdraw a hundred dollars each week to cover my expenses. This is a good tactic, I believe.
You're doing the right thing, it's good. When the amount increases by one hundred thousand percent, do not forget to withdraw a little in cash and buy a Lamborghini.
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
I think the principle of taking out money after a certain percent gain is a very good idea. Unfortunately, i did not follow this principle before the last crash and i ended up down more than 50% from my peak. If i were to hold i would have increased my ethereum stack by nearly 5x which would have left me in a much better position than i am now.
my rules of trade are not complicated. I only sell after earning more than 10% profit. And go back to find another coin to start a new trade. To earn a profit every day, I'm targeting about 40 coins to trade. and I only sell coins that have profits above 10%
I am holding long term on all my coins. I am not selling but looking to buy coins in top 10 that I do not have. I will then choose other coins from top twenty.
I think you're a lucky guy because you have some freemoney to work with or doing your plan with it not like other people. Who has to spend their income for their daily needs and their family also, that could be a huge decrease on your profits if you stuck with those situations.
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
If the project will turn out to be useless then I will convert all my funds into fiat, its futile to wait to a specific coin without any assurance that the coins or token will bring any real usages and solutions to our current problems to the cryptocurrency and real world, while other coins like bitcoin, ethereum and other legit cryptos are tested to have a recovery during the bear season then holding is the most profitable move to make if you are holding some of them, its hard to predict when and how the increase will last you may miss some opportunity or you may inflict some losses so be wise with your decisions to sell.Profit taking do depend on peoples/investors preference some are going for long term and some do loves shorter ones.
I am holding long term on all my coins. I am not selling but looking to buy coins in top 10 that I do not have. I will then choose other coins from top twenty.
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
If the project will turn out to be useless then I will convert all my funds into fiat, its futile to wait to a specific coin without any assurance that the coins or token will bring any real usages and solutions to our current problems to the cryptocurrency and real world, while other coins like bitcoin, ethereum and other legit cryptos are tested to have a recovery during the bear season then holding is the most profitable move to make if you are holding some of them, its hard to predict when and how the increase will last you may miss some opportunity or you may inflict some losses so be wise with your decisions to sell. 
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
I actually think that focusing on a profit taking figure might be a mistake. I think it's very important to have an exit loss option, but you don't really need a profit target. If the conditions are favorable then you should just let the trade ride, without being greedy. In my opinion, with time and experience you will start exiting when you feel comfortable in doing so.
That is my opinion for trades. From your question I assume you were actually talking about profit taking from your bankroll, and not a single trade. I think this depends on what you are trying to achieve as well. If you don't want to increase your bankroll, then you could remove anything that is above the bankroll you normally use. I use that strategy for poker and sports betting, and it works well for me. If you want to increase your bankroll, then I guess you should not withdraw anything, and just keep letting it grow.
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
I withdraw my funds if there is an emergency that needed immediate money, aside from that nothing more. I don’t sell into fiat, because your capital will be totally stuck up. My idea is buy bitcoin and use this bitcoin to buy some potential alts so that when you sell your alts in 100% increased your profit will be cash out into bitcoin, hence your bitcoin hold increase. That is only my idea. 
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
I think the principle of taking out money after a certain percent gain is a very good idea. Unfortunately, i did not follow this principle before the last crash and i ended up down more than 50% from my peak. If i were to hold i would have increased my ethereum stack by nearly 5x which would have left me in a much better position than i am now.
Good day, discipline, I practice myself to set an entry point and an exit point, also be a little less greedy. that way you will likely less lose a trade and easier to set a profit.
I have a strategy that I have used for a while and in my opinion works just fine. Basically, one has to know what one plans to achieve first before choosing a working strategy. My strategy is to build my bitcoin up through ICOs. I do proper research and select good projects and invest during ICO or when it rebounds. All things being equal, I take 50% profit between 5x and 10x. This profit is taken in bitcoin and held. I take another 20% to 30% from the project and reinvest into new ICOs with promising future leaving the remaining 20% to 30% held for a while depending on the project.
Therefore, most of my investments are towards building up my bitcoin which I in turn take profits only when it moons.
Therefore, most of my investments are towards building up my bitcoin which I in turn take profits only when it moons.
I personally like to take out my initial investment once it has doubled and then I leave the rest in. Once that doubles take out another half and so on. Im not really into day trading tough to be honest. I think with day trading the margins you will be working on will be allot smaller. Allot of experienced day traders work on 5/7 very low percentage trades. They even go into the satoshi levels. Something I would recommend even if you don't day trade. There can be a very sizeable difference between 1cent and 2cents when thinking in terms of satoshi's
my straight point or rules is buy low sell high and also investing in good ico.. working bounty campaigns and other stuff that is my way like the others.
Only straight to FIAT. I think it's best to set intermediary goals and on each withdraw about 30%.
I know that people like to convert to Bitcoin or Ethereum, but it's not really beating the market, is it?
I know that people like to convert to Bitcoin or Ethereum, but it's not really beating the market, is it?
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
I sell only for fiat and I do not withdraw more than 205 of the invested amount. I have invested mainly in coins like bitcoin and ETH and this is for long term only.
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
You're strategy is good because you will secure immediately some of your earnings but for a long term investment this will be not necessarily to do because for a long term investment you can only withdraw it if your investment will raise up to double or maybe triple your total investments. But for me I'll do diversify where in I allocated my investment s in two different coins and I do hold it and after it's reaching 50-100 % increase of it I will do sell half of it and converting it to fiat currency.
When do you withdraw funds? Do you sell into fiat or USDT? Im thinking something like this: After a 50% increase sell 20% into USDT, repeat. Reinvest in dips. When 100% increased sell 20% into fiat
Crypto investment is one of the secure investment but few projects only supporting to long run. So I just invest in bitcoin because I have another source of income is enough to maintain my day to day life. I decide to hold for 2 years it will automatically growing in Crypto market. Finally I am exchange in 50 percentage of the investment and again I am holding my 50 percentage of investment. Jump to: