When my portfolio has risen about 50% i take out 10%. (5% in euro wallet and 5% in new ICO's)
Everyone has their own strategy, some people prefers to use the strategy of taking out their whole money and starting anew, while others will prefer to be pyramiding into a winning trade or the taking the big profits and leaving the small loss. The first is what I use, I don’t waste in taking out all my money whenever I see that the market is up and I’m making a huge profit. For me that’s the best profit and that’s what works for me, you have your own decision to make. 
Topic: Which strategy do you have for taking profits? (Read 801 times)
Good day! Im a short time trader but I also hold some coins I consider profitable in the future. I just go for 10-20% profit then rebuy again. There are certain alts that are predictable but it also needs patience to buy at the dip and sell them at a high price. In trading I select coins that are cheap coz they bring me bigger profits than trading pricey alts.
I only have a hold, because in such a market it is very difficult to trade and at any time you can make a direct deal and lose. I think to wait for steady growth and also with a decline in the market I plan to buy more!
Yes, of course my strategy is to make a profit, of course I will buy at a low price. I think that without holding it you can't imagine profit. So saving coins for future purposes will be the most important task for you.
For taking profits you should put your money in crypto coins and earn some money. But it's hard to do if you will earn or not as far as the market is fallling down the price of coins.
My strategy is just make investment in all scope, in some popular coin. if i’m in a location that one strategy is not going to be of help.i purchased the coins i had smeared.so we can still make a profit even if only a little.
the strategy that I use is very easy to learn and implement, I will only use a buy strategy at a low price and sell it at expensive prices, if I am stuck at an expensive price then what I will do is wait until the price becomes expensive again, just as simple that and make sure you don't panic easily.
No strategy is better than strategy, say you are quite general, not very detailed, but if you want to make a profit from the market, the first is that we should choose the extremely coin That is the most important factor. 
In trading, it is actually not obligatory to have a specific strategy to make a profit, but there is the most important thing that must be considered. We only need to always check the market so that we know how much margin is generated, then you will be able to make a decision to buy and when is the right time to sell, to do that well, surely you are required to check the market every day and always know about issues circulating so that your analysis can work well.
When my portfolio has risen about 50% i take out 10%. (5% in euro wallet and 5% in new ICO's)
Thats a nicest strategy mate,but i guess for me I prefer getting atleast 25% to buy another set of coins,but only the 15% would be spend and the 10% will remain so i am ready whenever the market falls and the value falls bigger.this is how a wanna be ready because mostly market drops and grows this days.So far what i am doing is holding and i am planning to do day trading again because i feel the stabilization of market months ago
I do in a different manner i am using all my crypto money for other investment in ICO now a days many good ICOs are available so when i found that bitcoin price show a rise i investment some amount in other coins so my portfolio is increasing number of coins through this way.
There's no certain limit for anyone to gain the benefits he expects. During cryptocurrency it's still pouring profits to us of course already has become an obligation for us to use it in a way which is ethical. So that the benefits can be felt, by many people, but for those who are new you need to understand what risks you will bear because the value of the currency is far more speculative than investing in gold. So that sometimes there are people who earn 1000 or more, with only 100 capital (this is the strategy that I always use). That means he buys a coin when the price's very low and sells it when the price's rising so he can make a big profit.
I'm always doubtful when taking profits when altcoin rises 2x or more than that. Sometimes I'm only taking 20% from my profits before but then I knew it was smarter to sell everything. I did it once and then I was lucky to buy it back again it in a much cheaper price.
I think what you are doing is a good strategy especially when faced with a market situation which is super negative. Well, this condition is what most cryptocurrency traders fear. So we have to dare to sell at prices which are cheaper when the market is in a negative situation, so we can still make a profit even if only a little.
the strategy that I use is very easy to learn and implement, I will only use a buy strategy at a low price and sell it at expensive prices, if I am stuck at an expensive price then what I will do is wait until the price becomes expensive again, just as simple that and make sure you don't panic easily.
I'm always doubtful when taking profits when altcoin rises 2x or more than that. Sometimes I'm only taking 20% from my profits before but then I knew it was smarter to sell everything. I did it once and then I was lucky to buy it back again it in a much cheaper price.
I think the best strategy for today specially on this huge dip is to buy more coin and hold until such time that it will rise up high soon. But I think this kind of strategy need to have a big patience in order for is to sustained the amazing continuous market dip. I believe that patience is really a virtue if we are going to do buy and selling process.
I'm always doubtful when taking profits when altcoin rises 2x or more than that. Sometimes I'm only taking 20% from my profits before but then I knew it was smarter to sell everything. I did it once and then I was lucky to buy it back again it in a much cheaper price.
My strategy is to hold my coins and wait for a good value or profit then i will dump it. I also joined airdrops and bounties.
That is more applicable to someone who is just doing the hold strategy. Hold until you see a huge skyrocketing in price with everyone FOMOing with market being overbought and then just zap. It is usually very interesting that way for someone who is a long term trader. However, for someone who is a short term and midterm trader, I usually take advantage of the condition, the momentum and the trend of the market changing which is how I have always made trading decisions and I have always used that as a strategy to buy and sell over the years with stop loss in either way.
I have been accumulating my favorite coins over the last many months. The bear market is the best time to accumulate. 2 ways for me to accumulate:
1. When I get my pay every month end, I will cash in some extra cash to buy.
2. When I notice a sudden spike (10-20%), I will sell my coins and buy more when it dips.
The reason why I am accumulating is that I plan to sell my coins in stages in the future. So let's say I have 10,000 of ABC coins with an average cost of $1:
1. Sell 1000 at $10
2. Sell 1000 at $25
3. Sell 1000 at $50
4. Sell 1000 at $100
5. Sell the rest when they are at $1000 and above.
This is my strategy, hoping that when the price gets above $1000, I can retire early.
Well, the good things about strategy is as long as you have tried them out several times and you have been able to see a good result you are comfortable with, then just simply stick to it. 1. When I get my pay every month end, I will cash in some extra cash to buy.
2. When I notice a sudden spike (10-20%), I will sell my coins and buy more when it dips.
The reason why I am accumulating is that I plan to sell my coins in stages in the future. So let's say I have 10,000 of ABC coins with an average cost of $1:
1. Sell 1000 at $10
2. Sell 1000 at $25
3. Sell 1000 at $50
4. Sell 1000 at $100
5. Sell the rest when they are at $1000 and above.
This is my strategy, hoping that when the price gets above $1000, I can retire early.
Personally for me, I have always been a swing trader, I buy when there is glaring signal of the market going up and then I sell when there is a glaring signal of the market switching down and in this case, I am able to maximize every potential profit.
Nonetheless, in the presence of a huge bull run where people are beginning to get greedy, then I start selling bit by bit on the way up because prices like that for no reason scares me and selling during this period no matter what by splitting the amount to be sold at a time has always worked.
This is great strategy, it`s how you sell coins when market start to rise. You are testing the ATH, you are selling same amount
each time when price rise, in one moment you will touch ATH and from that point you can wait for deep and buy again.
This strategy have one flaw. If cost of 1 coin is $1, for minimum 5000 coins you will need $5000! That`s not a little amount. Profit
can be great if price goes over $1000. until now that happened to Bitcoin, Ethereum, Dash, and maybe one or two more coins. Only
them raised from $1 to over $1000 in one moment, just Bitcoin stayed there. We know how much time people waited to see that grow,
for this strategy you need huge starting investment and a lot of patience.
I could consider it as one of the good methods in terms of getting profit. Actually, we all knows that trading is not the only one way to earnings here, we have also bounties, which has includes task required for the participants who will partake in the campaign, then you can be investors in any of the ico project in each bounties, also bitcoin mining.
When my portfolio has risen about 50% i take out 10%. (5% in euro wallet and 5% in new ICO's)
Will your strategy seems your new in cryto world. But it's good to invest small amount of funds to avoid scam, to observe and learn more about crypto currencies.
Anyways, for me if I only have a big funds or enough to trade. I prefer my strategy to trade it than to hold it or stock for long time. Because sometimes if you hold for long time the more you are tempted to sell it even you lost your profit because of emergency or you need to buy your needs sometimes.
However I know trading is much more risky than holding but I need to gamble my own money to earn more. Like they said the "the higher the risk, the higher the profit you could earn".
My strategy is to hold my coins and wait for a good value or profit then i will dump it. I also joined airdrops and bounties.
That is more applicable to someone who is just doing the hold strategy. Hold until you see a huge skyrocketing in price with everyone FOMOing with market being overbought and then just zap. It is usually very interesting that way for someone who is a long term trader. However, for someone who is a short term and midterm trader, I usually take advantage of the condition, the momentum and the trend of the market changing which is how I have always made trading decisions and I have always used that as a strategy to buy and sell over the years with stop loss in either way.
My strategy is to get profit, of course I will buy at low prices and take the opportunity as best as possible so that I will have the opportunity to get profit when prices go up, then I will save some and some of it I use to buy again
but the problem is sometimes the price in the market confuses you. the rising price is not necessarily the highest price, and the declining price is not necessarily the lowest price. you might make a mistake in sell and buy, thats why the strategy is needed to allocate how much money to buy in that time and another time, just in case if not in line with expectations..For instance, someone like OP takes profit gradually, but for someone like me being a swing trader, I take out time to let the market develop and always treat the breakouts whichever way as a change of trend, and most of the time, believe me, it has always been pretty good. I sell when I feel it is Ok to sell and every indication shows the possibility of a trend reversal either in the short term, the midterm or the long term.
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