When to take profit? | Bitcointalksearch.org

Masplanc

member

Activity: 798

Merit: 34

Quote from: pakhitheboss on July 11, 2022, 07:45:13 AM

Never trade when the market is going up or going down. At the moment the market is down and going sideways. What everyone does in this present situation is to accumulate more so that whenever the market goes up by a certain amount you can then sell them. I am not sure at which price point you made your purchase but, if it is possible for you to accumulate at different price points then do so and then sell when you think you have made enough profit.

There is no time that the market is stable its either it goes up or down, maybe what you are talking about is when volatility (up and down) occurs with a short space of time. In market like this it is better and wait till volatility is not very fast, when the market goes up it be the time when profit will be taking.

pakhitheboss

hero member

Activity: 2156

Merit: 803

Top Crypto Casino

Never trade when the market is going up or going down. At the moment the market is down and going sideways. What everyone does in this present situation is to accumulate more so that whenever the market goes up by a certain amount you can then sell them. I am not sure at which price point you made your purchase but, if it is possible for you to accumulate at different price points then do so and then sell when you think you have made enough profit.

Alisha-k

member

Activity: 840

Merit: 23

Quote from: JamesDaniel90 on June 27, 2022, 05:10:44 PM

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?

Even when the bull starts no one can accurately tell how far this prices will go. So if you feel comfortable risking back your intial capital after making double your investment then fine. The goal is risking what you can afford to lose. Many speculation are going round for the next bull market but no one knows for sure how long the next bull might last and how far the next ATH will hit

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

If I'm the one on your position, I should expect that the breakeven I will be waiting will be from 2-3 years from now. It's hard to expect early because our current market season tends to be long. I would basically won't take my capital money after getting to that point. I would probably take profit atleast 2x of my investment, If I waited for few years, I would do the best so I can take out the most probable profit. At the time people taking out their profits is probably on a bull market so reaching above 2x is possible. Remember that you patiently wait for your initial investment to gain a profit, Why not wait for it to gain more.

Porfirii

legendary

Activity: 1932

Merit: 2354

The Alliance Of Bitcointalk Translators - ENG>SPA

I would suggest, like others before me, to take some profits from time to time. You may need your investment back, play relatively safe selling half of your coins for the double the price you paid for them (it could never happen, so don't spend what you can't afford to lose) and hodl the other half for the long term. But I wouldn't wait for too long and I woukd take some little profits in the next bull cycle.

This way, it should be easier for the long-term investor to keep his/her coins safe when the bears arrive.

tadamichi

full member

Activity: 168

Merit: 421

武士道

Quote from: JamesDaniel90 on June 27, 2022, 05:10:44 PM

I understand this will be a while away but just wondering how & when to take profit and what everyone has done in the past or plans to do in the future?

Whenever youre satisfied with it, the risk is going out too early or miss timing the market. So think of an amount beforehand, it also depends on the time horizon of your trades. The shorter - the smaller the profits. Dont shy away from taking small profits on short time horizons.

Quote from: JamesDaniel90 on June 27, 2022, 05:10:44 PM

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?

There is an easy solution to this problem. Build 2 independent stacks:

Stack 1 - Strictly dca, never take profits and always save a consistent amount into it every month/ week.
Stack 2 - With this one you can actually trade actively and take profits.

With this strategy you will never have the risk of having pulled out profits too early, but can still do active trading and afford mistakes.

tvplus006

legendary

Activity: 2268

Merit: 1655

To the Moon

Quote from: JamesDaniel90 on June 27, 2022, 05:10:44 PM

... what everyone has done in the past or plans to do in the future? ..

In addition to the tips that were given earlier, you can consider such an option when you regularly pull up the stop loss as the value of the coin increases. Thus, you will not need to sell coins until the upward movement of the coin stops and the price begins to decline.

Davidvictorson

hero member

Activity: 1120

Merit: 887

Livecasino.io

Quote from: JamesDaniel90 on June 27, 2022, 05:10:44 PM

Would be interesting to hear everyone’s thoughts.

I wouldn't say I have taken out profit since I consider myself a long-term investor and HODLer. But here's what I would if I ever find myself in a situation where taking profits is my last resort. I'd follow follow the suggestion of this article which I found very useful. I would when there's a 30% increase and not it's a 50% or 100%. Makes much sense to considering that a lot of investors who take profit have some sort of regrets for having a wrong profit taking strategy.

Quote

Instead, start taking a portion of your gains in the 30% incremental range. Instead of waiting for a 50% or 100% incremental gain, focusing on a smaller increase will make it more likely that you won't be caught in a demoralizing 20% to 40% correction that can hit the rapidly shifting crypto market.

SuperMariob

newbie

Activity: 56

Merit: 0

It's very hard to give a good reply to this question.

The only sure thing is : you must always take some profits. Never hold forever. Sooner or later it's a good thing to take profits.
But everyone has a different strategy.
For example. If you invest 1000 dollars in a token or coin and it does a x4 for example you could decide to cash out 50% of the amount. In this case you would have doubled your investment but you would still have assets in case that token continues to grow.
But I repeat....everyone has a different strategy.

m2017

legendary

Activity: 1792

Merit: 1296

Crypto Casino and Sportsbook

Quote from: xSkylarx on July 05, 2022, 01:30:48 AM

Taking profit really depends on your satisfaction.

As usual, there is never enough for people to satisfy.

Quote from: xSkylarx on July 05, 2022, 01:30:48 AM

X2 of your investment is already a good selling price.

Undoubtedly, x2 is a good indicator, but when this level is reached, internally you always want x3, and then x4.

Quote from: xSkylarx on July 05, 2022, 01:30:48 AM

One thing to learn is you should not be greedy.

Yes, this is so and the main thing is to stop in time, as in gambling.

Quote from: xSkylarx on July 05, 2022, 01:30:48 AM

Don't regret if the crypto you sold pumped higher after that because no one can predict the market. Don't keep checking it then regret everytime you see its price, learn to be contented on the profit you gained. Just think that what if you hold longer then it suddenly crash when you're not monitoring it, then you just missed the opportunity to have bigger gains if you sold already.

What matters is not what is lost, but what is gained.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: Mpamaegbu on July 05, 2022, 04:13:14 AM

Quote from: dansus021 on June 29, 2022, 10:49:52 PM

When to take profit? When i learned trade usually the people.says x2 from intial investment but they also says it also depends on you.
When you think is enough you should take profit rather than cry later and dont be greed (one of biggest enemy for trader)

Yes, that's right. It depends on the investor. I've hedl a token that did over 700% but I refused to sell off completely. I only sold and took out my initial capital. I believe (even till date) that the token will do exceedingly well because of its usecase. Though it has dipped drastically now, I'm still optimistic. I think investors should aim to take profit once investments do a 100%. No matter how high one thinks price could go, it's better to take out one's capital first and then allow the rest roll. It's so that no matter what later becomes of that project, one would've been saved from liquidation.

Everyone have different action takes on this since not everyone's mind will correlate towards their plan and tactics upon trading. There are people settle only for small percentage and other can afford to hold for long term since they are aiming huge profit to take home in future. So investors should know theirselves and know what they can take so that their investments or trading ventures will be smooth which is also less stress for them.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Lida93 on July 04, 2022, 06:56:46 PM

Quote from: JamesDaniel90 on June 27, 2022, 05:10:44 PM

Hi all,

First started crypto in February earlier this year so like most of us at the moment I am currently down but lately have been thinking what to do when the market does eventually start going up again. I understand this will be a while away but just wondering how & when to take profit and what everyone has done in the past or plans to do in the future?

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?

It's no bad idea taking back your initial investment when it doubled, at least it could stand as a backup should the profit your leaving behind goes wrong.
It's much better having something to hold onto than losing it all in both capital and profit.

That is if you can understand that the price movements of your coins can change at any time, so you want to take the opportunity to take your profits before they are lost.
But unfortunately, once we see how big our profit is, we become greedy and want even more profit, so we don't sell it at that time, and instead, we still hold it because we want to see the next high.
It won't always happen because market conditions can change at any time, so take your time and sell your coins if you can make a profit.
But it's okay if your selling target hasn't arrived and you still want to hold it, but you shouldn't be disappointed if the price drops again due to a correction.

Mpamaegbu

legendary

Activity: 2716

Merit: 1225

Once a man, twice a child!

Quote from: dansus021 on June 29, 2022, 10:49:52 PM

When to take profit? When i learned trade usually the people.says x2 from intial investment but they also says it also depends on you.
When you think is enough you should take profit rather than cry later and dont be greed (one of biggest enemy for trader)

Yes, that's right. It depends on the investor. I've hedl a token that did over 700% but I refused to sell off completely. I only sold and took out my initial capital. I believe (even till date) that the token will do exceedingly well because of its usecase. Though it has dipped drastically now, I'm still optimistic. I think investors should aim to take profit once investments do a 100%. No matter how high one thinks price could go, it's better to take out one's capital first and then allow the rest roll. It's so that no matter what later becomes of that project, one would've been saved from liquidation.

xSkylarx

hero member

Activity: 2366

Merit: 594

Taking profit really depends on your satisfaction. X2 of your investment is already a good selling price. One thing to learn is you should not be greedy. Don't regret if the crypto you sold pumped higher after that because no one can predict the market. Don't keep checking it then regret everytime you see its price, learn to be contented on the profit you gained. Just think that what if you hold longer then it suddenly crash when you're not monitoring it, then you just missed the opportunity to have bigger gains if you sold already.

Lida93

hero member

Activity: 938

Merit: 605

Leading Crypto Sports Betting & Casino Platform

Quote from: JamesDaniel90 on June 27, 2022, 05:10:44 PM

Hi all,

First started crypto in February earlier this year so like most of us at the moment I am currently down but lately have been thinking what to do when the market does eventually start going up again. I understand this will be a while away but just wondering how & when to take profit and what everyone has done in the past or plans to do in the future?

I am thinking of taking out my initial investment when I double my money and just leaving the profit to see what returns I can get long term. Is that a common way or is it best to just take small amounts at a time?

It's no bad idea taking back your initial investment when it doubled, at least it could stand as a backup should the profit your leaving behind goes wrong.
It's much better having something to hold onto than losing it all in both capital and profit.

GeorgeJohn

hero member

Activity: 1498

Merit: 711

Enjoy 500% bonus + 70 FS

Quote from: ?? on ??

The most common way is to take profit when happy but this is always becomes subjective of human greediness so the best way to do it is to take profit near price resistance because the price will likely correct there or even if it's break, The price will will come back again to that resistance level for a retest to gave you another opportunity to buy back again if you are afraid to missed out the bull run. This method is the play safe way to trade and not to be controlled by ypur emotion at the same time. Use chart as your basis and don’t focus too much on the percentage of growth or loss because it will just lead you to a wrong judgement.

no particular time is needed to take out profit into cryptocurrency, the thing is that, it's only the investor that supposed to know the comfortable and exact time that is suit to go out from the market. The thing that affect them is really not to know the normal period to go out is greediness.greedy has taken the chance of many investors been profitable in the market

Masplanc

member

Activity: 798

Merit: 34

Only you can determine when to take profit, while investing everyone have a target of profit he or she, if the profits hits to what one desires then profit can be taking. Taking profit is just a personal decision that someone don't need to seek for advice to know the right time when to take profit.

Markinzo

member

Activity: 336

Merit: 41

Honestly if I myself knows exactly what's best to do at this moment or after this moment in the case of a change in the market price I would be doing fine but am just not fine about the whole thing, just confused like you man.
So all I can say is, depending on the price you purchased your coins, should there be a bull that probably made you feel the profit is reasonable, then you can go ahead and take out your capital and use the profit for a long term investment plan again.
With your profit at hand at least, you would have something to kick start with should things go wrong with your profit.
Just may be!

Hypnosis00

sr. member

Activity: 2436

Merit: 343

Quote from: Daniel91 on June 30, 2022, 07:43:51 AM

It's very important when and at what price you bought your cryptocurrencies.
Also, there is a big difference whether you want to trade cryptocurrencies or just keep them in your digital wallet and wait for the price to rise in the future.
You can invest all at once or in stages, gradually to guess the best time to enter the market.
It's always wise to withdraw earnings, but we need to have a clear plan and exit strategy, and price thresholds that meet our investment goals.

Though we can't make a perfect entry in the market, however, buying at a low price and selling them at a higher price is a profit already. But what went wrong with some people is that they become more greedy, they want to earn more and it mostly happens they miss the ATH. And to guess what, these people got easily into a panic once they see the market is dumping.

Yet, it is very important to have a plan and religiously follow it, otherwise, we just end up failing our goal. And lastly, we have to stop being greedy and be contented enough to a small profit.

ruwanthathisara

newbie

Activity: 220

Merit: 0

i actively joined the crypto market last year january and i got TWT coin 3200. after that i reinvest everything now my portfolio is less than 1000$

Topic: When to take profit? (Read 440 times)