How do you like to take profits?
How do you like to take profits?
whats your „stay safe“ / risk/reward – profit taking strategy?
Especially when buying spot crypto, are you cashing all on a 2 x, or half, or do you ride it till moon and then sell 90%?
Danusushka de zoyza Answered question December 9, 2024
Everyone has a different strategy, the idea is to have goals before you invest, and stick to it.
Let’s say you bought bitcoin at 25k, it is now at 100k so you 4x your money…. If that was your target, you should sell.
But if you keep hoping Bitcoin will reach 200k, you will not sell, therefore you may be left bag holding.
No one can 100% time the market so strategy is key.
Another option is to sell x% at milestones based on time or price.
Cinthia ETH Answered question December 9, 2024