Altcoins Talks - Cryptocurrency Forum

Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: zorchy on October 12, 2018, 03:38:16 AM

Title: Which strategy do you have for taking profits?
Post by: zorchy on October 12, 2018, 03:38:16 AM

When my portfolio has risen about 50% i take out 10%. (5% in euro wallet and 5% in new ICO's)

Title: Re: Which strategy do you have for taking profits?
Post by: verifyme on October 12, 2018, 08:09:31 AM

The strategy I did was to buy when the price of the coin was at the lowest level. And I hold it until an unspecified time. For Bitcoin, I usually hold this coin for a long time. For the Altcoin I hold for short.

Title: Re: Which strategy do you have for taking profits?
Post by: cryptothief on October 13, 2018, 05:40:20 AM

There's no set strategy, but it's always a sensible move to ladder out your profits. I tend to sell at least 50% of my holding if it goes up 20%, then gradually sell out until I am holding only 10% in case it has a huge jump. If a particular coin has a 100% or more rise in a very short space of time, I will sell 90%, as generally it will drop sharply afterwards, giving the opportunity to get back in if I want to. If it doesn't drop, then I'm (normally) happy enough with the profit and move on to the next one.

Title: Re: Which strategy do you have for taking profits?
Post by: keyz on October 23, 2018, 07:07:49 AM

The key to getting profit in the coin trading is to know when to sell and buy. In addition, monitoring continues the price movement of coins in the market cap. That way, you know when to hold and sell for profit.