Locking in Gains

This is something always worth talking about because I guess most of us here want to actually take home some profit from the cryptos we trade, stake and earn.
Taking profits doesnt mean that you leave a project you believe in, its just something we need to do. We need to build our wealth and we are the only ones that can and will do it for us.

Set Profit Targets

Might sound stupidly simple, but there are many out there that doesnt have a clue on which percentage of gains the should take profits or how much they should take.
Establish specific price levels or percentage gains (e.g., 20% or 50%) for each investment and sell a portion when reached to lock in profits, reducing exposure to potential reversals.
By doing this you also will have extra capital ready for when the next opportunity arises.

Use Trailing Stops

Implement a trailing stop-loss order (e.g., 10% below the peak) to automatically sell as the price rises, securing gains while allowing room for growth.
Its similar to the advice above, but here we focus more automate stuff and dont let emotions run.

Scale Out Gradually

Sell your holdings in increments (e.g., 25% at a time) as the market climbs, taking profits at different levels to balance risk and reward.
This make sure you dont just sit and wait for your x100, instead take profits all the way up.

These are 3 simple things every investor should do. We dont let our emotions or hype decide our financial future. Instead use smatt tactics to give you the best odds.

Posted Using INLEO