What is the best set up for take profit level and precentage?

wxa7115

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Quote from: hak13 on October 19, 2021, 11:45:13 AM

In trading some are making take profit with the lvl and percentage,example like
TP lvl 1=20%
TP lvl 2=30%
TP lvl 3=50%
i just want to know what kind of lvl and percentage is the best for that kind setting and any reference that can calculate the setting of take profits

When it comes to trading things are never as clear as you are trying to make them to be, a great deal of your decisions are going to be influenced by the circumstances of the market at the time, so trying to be that formulaic will only bring disappointing results.

As an example if the market is going strong and it has grown for weeks will you sell part of your stash just because you hit a predetermined level and risk the chance of profiting from the bull run? Of course not, in that case you let the market prove you wrong and only consider selling some coins once you see signs the market could be about to reverse course.

teosanru

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Quote from: hak13 on October 19, 2021, 11:45:13 AM

In trading some are making take profit with the lvl and percentage,example like
TP lvl 1=20%
TP lvl 2=30%
TP lvl 3=50%
i just want to know what kind of lvl and percentage is the best for that kind setting and any reference that can calculate the setting of take profits

This is really very variable depending upon each and every trade as each trade is different, but generally speaking I will never leave 50% of my position till TP3, generally I would takeout 50% of position in TP2 because this would be the most probable TP, generally TP3 are more optimistic Points and are points where you risk reward ratios are already pretty much satisfied, so I would go with a small position for tp3 (say 20%) instead of a whole 50%.

Eureka_07

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Quote from: hak13 on October 19, 2021, 11:45:13 AM

In trading some are making take profit with the lvl and percentage,example like
TP lvl 1=20%
TP lvl 2=30%
TP lvl 3=50%
i just want to know what kind of lvl and percentage is the best for that kind setting and any reference that can calculate the setting of take profits

Probably this should be based how much do you know about the coin that you're investing at. If you know it well, and you're confident that it could be a good coin for hodl, then maybe you'll set higher percent of taking profits from it. Like 70%, 100%, or even higher than that.

Best to take profit is when you're satisfied.

taufik123

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Quote from: ReiMomo on October 22, 2021, 12:47:42 PM

Yes, when my investment is locked, I go for averaging it. Often the price goes down after we buy them. It would take a long time to reach the value we bought. So, in order to get back the same capital without loss, invest a lump of amount (lets say a spare amount) and buy the same coin at lowest rate. Then set up a sell order to level up the total capital. Often it works.

Such a step is a step that must be taken to cover losses even though they get a small profit. A mistake in trading that needs to be corrected is buying too early. the need to learn technical analysis to solve this problem, so that we know when is the right time to buy. also capital management will play a very important role when the market is starting to become unstable.
I am also still learning how to trade properly and correctly and can earn profits. short-term, mid-term or long-term can be selected according to your type of trading.

ReiMomo

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Quote from: taufik123 on October 22, 2021, 11:31:07 AM

Quote from: palle11 on October 21, 2021, 04:33:46 PM

In that kind of situation that you have peg on your profit to a certain percentage, what do you do when it does not get there, do you just wait? What will happen that time if you start losing. This is why percentage followed totally may keep giving losses at the end. Sometimes we can take some creative steps to go off the market with the little profit already.

when some targets are not achieved, I use the second strategy. do the compound technique to buy below again and then when the price starts to rise until it reaches the initial capital and with a little profit I start selling it.

The most important thing is that there must be spare capital to be used in a situation like the one you are referring to. The use of Stop Loss also helps to reduce deeper losses.
There are many creative steps that can be used to get out of the market with little profit or with little loss.

Yes, when my investment is locked, I go for averaging it. Often the price goes down after we buy them. It would take a long time to reach the value we bought. So, in order to get back the same capital without loss, invest a lump of amount (lets say a spare amount) and buy the same coin at lowest rate. Then set up a sell order to level up the total capital. Often it works.

taufik123

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Quote from: palle11 on October 21, 2021, 04:33:46 PM

In that kind of situation that you have peg on your profit to a certain percentage, what do you do when it does not get there, do you just wait? What will happen that time if you start losing. This is why percentage followed totally may keep giving losses at the end. Sometimes we can take some creative steps to go off the market with the little profit already.

when some targets are not achieved, I use the second strategy. do the compound technique to buy below again and then when the price starts to rise until it reaches the initial capital and with a little profit I start selling it.

The most important thing is that there must be spare capital to be used in a situation like the one you are referring to. The use of Stop Loss also helps to reduce deeper losses.
There are many creative steps that can be used to get out of the market with little profit or with little loss.

palle11

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Quote from: taufik123 on October 21, 2021, 09:41:52 AM

My first TP took 75% of the total assets to be sold. it will save me with the capital already intact again and a few percent profit.
I also do not always refer to what percentage should be taken.
If the coins we buy go up very drastically I sometimes sell 90% and the remaining 10% wait for the highest support price.
Everyone has a different strategy depending on how much the target price is set.

In that kind of situation that you have peg on your profit to a certain percentage, what do you do when it does not get there, do you just wait? What will happen that time if you start losing. This is why percentage followed totally may keep giving losses at the end. Sometimes we can take some creative steps to go off the market with the little profit already.

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As I'm always saying on different trading discussion thread, The most common way to determine it is by using fibonacci retracement level to make you are taking profit on the right price level base on the statistics of previous price. Taking profit blindly by just setting it a percentage of your profit might get you trouble sometimes especially if your target percentage coincide on the major resistance price level.

Learn how to use fibonacci retracement then take profit @ 1, 1.272 and 1.618 level, These are the sweet spot on taking profit without feeling FOMO.

taufik123

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My first TP took 75% of the total assets to be sold. it will save me with the capital already intact again and a few percent profit.
I also do not always refer to what percentage should be taken.
If the coins we buy go up very drastically I sometimes sell 90% and the remaining 10% wait for the highest support price.
Everyone has a different strategy depending on how much the target price is set.

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Quote from: palle11 on October 19, 2021, 01:10:54 PM

I think percentage does not really work with taking of profit or stopping your loss. If you go by percentage you will miss it and your take profit can turn into losses because you are waiting for percentage gain against how much you want to get while the market signal is changing for your exit time. If you are to calculate by percentage for your loss, you know you may have entered the market late and you still want to aim for maximum percentage gain. Percentage are better with stoploss than for taking out your profit at worse when comparing take profit and stop loss.

I once tried to take profits based on percentage level when trading but ended up losing because of price volatility and momentum which differs on different crypto pairs, I use my personal discretion to take profit now based on support and resistance zones, those take profit level highlighted by the OP will be very difficult to achieve if followed judiciously due to the nature of the price movement of cryptocurrencies, though in a long term trading perspective it may work but I doubt it efficacy in a long term

so98nn

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This kinda trading looks like new game of gambling your own money on your own game. I mean each step needs to be achieved with higher percentage of profits which seems very tough. Imagine once you earn level one % then you have to go for double the next time which means you will stake your principle amount plus profits earned. You will be risking all the assets each time.
Moreover, it’s very tough to trade like that since the crypto market is way to volatile. It can give you 10% profit in level 1, however it can take more than 30-40% assets from you in next level. Putting you way down the line. Risky bet. Must think before playing like this.

Alisha FR

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there is no regular profit percentage of each trade by the user himself. it's just that in the form of limiting the profit distance from each trade, maybe you can think so to maintain emotional stability so as not to panic in every price movement.
even if there is such a percentage you are in the broker's program so that you can clearly see what percentage of profit each trade is.

Zilon

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It depends on the volatility of the crypto currency. With cryptocurrency with high volatility 50%-70% is quite moderate but for less volatilile market 20%-40% would be considered has moderate. But most times the profit might go above this margin so it's good to take profit while leaving behind some reserve that would serve as new capital

TelolettOm

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It will depend on what are our strategies.
For me personally, I will also set some targets and trade by levels to take profits.
ANd I prefer to take profits based on:
1. 40% amount of my assets if the price has been raising several percentages.
2. 30% for the next target price (in this step, at least I have more than the amount that I spent to buy and get some profits).
3. 30% for full profits for the next level of target price.

But sometimes, this strategy may be changing and will be around 30%, 15%, and the next steps will be also done several times depending on the condition of the market itself.

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Quote from: hak13 on October 19, 2021, 11:45:13 AM

In trading some are making take profit with the lvl and percentage,example like
TP lvl 1=20%
TP lvl 2=30%
TP lvl 3=50%
i just want to know what kind of lvl and percentage is the best for that kind setting and any reference that can calculate the setting of take profits

Honestly, this is actually a personal preference because not all would really be that good on making out compounded profits or certain levels which means that it will really just vary on what are those selling

points that you do set out for you to secure profits.What matter most here is that you do make gains or in greens because this had been our primary target since from the beginning.

So its up to you if your TP would be a on a specific range or percentage as long you make money then that what counts.

haidil

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It's just a profit target you want to take when the price hits the calculation. Because if you use short trades, it is clear that taking according to the trading targets you have set, it is better to take according to the plan. However these numbers are to give you a certain point in every open position and close position. So if it's been made with a percentage setting, then take the advantage.

blockman

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Quote from: hak13 on October 19, 2021, 11:45:13 AM

In trading some are making take profit with the lvl and percentage,example like
TP lvl 1=20%
TP lvl 2=30%
TP lvl 3=50%
i just want to know what kind of lvl and percentage is the best for that kind setting and any reference that can calculate the setting of take profits

I don't have this measurement in taking profits. I do take profit if it's necessary. No need to have levels of percentage because you're going to find it hard when you're failing and you can't even reach the first level of yours that has been set. Just calculate how much you'll be taking as profit with your trades and you're good to go. That's the best setup IMHO which works perfectly for me but it's not for everyone and there could be a better setup for you and the others.

palle11

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I think percentage does not really work with taking of profit or stopping your loss. If you go by percentage you will miss it and your take profit can turn into losses because you are waiting for percentage gain against how much you want to get while the market signal is changing for your exit time. If you are to calculate by percentage for your loss, you know you may have entered the market late and you still want to aim for maximum percentage gain. Percentage are better with stoploss than for taking out your profit at worse when comparing take profit and stop loss.

DarkDays

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Quote from: jackg on October 19, 2021, 11:51:29 AM

I'm not entirely sure what you're trying to do with this? It doesn't look like a good way to trade to take profit if it's for alt coins (bitcoin, top altcoins and stocks might work that way) but I think it's more favourable to place your take profits at around 75% of the past resistence if the asset isn't the highest it's been.

I agree, there isn't much clarity on the numbers provided.

However, what should be noted is that different markets behave differently and such a hard set rule may not work for ensuring you're taking the most of your profits out in time.

This is why paying attention to the relevant markets despite the strategies you find around tell you, it is only from watching and noting down trends you can make a decision and this in my view needs to be flexible and adaptable for each market.

jackg

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I'm not entirely sure what you're trying to do with this? It doesn't look like a good way to trade to take profit if it's for alt coins (bitcoin, top altcoins and stocks might work that way) but I think it's more favourable to place your take profits at around 75% of the past resistence if the asset isn't the highest it's been.

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