Doubled profits exit strategy
Doubled profits exit strategy
Hey guys! This morning I woke up and saw that one of my coins doubled my initial investment. I started off with 250 now it’s a hair over 500. My question now is, should I take my initial investment of 250 and use the other 250 profit in my investment? I feel like that’s safe but I won’t be making as much gains as I’ve been having. Should I take 125 out and keep 375? Should I wait until it grows another 250 and take 200 out? Or should I just keep it all 500 in, but that way I might risk my initial investment if it crashes. I don’t think it’ll crash but you know, IF
Dilshan Tharindu Perera Answered question December 12, 2024
Use a stop loss within a 5% window so it’ll sell on its own if it begins to dip and just let it run. If the price continues upward you can raise your stop loss higher as well.
Dilshan Tharindu Perera Answered question December 12, 2024