Taking Profits

[gardentalk]

Hello, what is the best way to take profits? I'm confused if I should take my seed out and leave my profits to climb, or if I should take profits out every time the price climbs 25% to 50%? Which way is more profitable, or does it even matter?

If I leave my profits in the trade would I be making more money then if I were to take profits out at every 50% price gain?

[CryptoboyRamesh]

To be honest the decision is very hard to take. It actually depends on your position. If you are in profit then I don't think you should wait to take out it. Or if you are a long term trader then You should not look the price of your holding token without any big profit. But if you are profit in short term then you should take the profit. It also depend on your financial position. If You need some urgent money then you have to sell a portion and use it in your need irl.

[ForexMum]

This really comes down to risk aversion.

If you want  to be risk free asap take out your full seed money when you can, if you dont mind leaving it in the trading pot and taking out slowly you will have he advantage of a bigger trading balance.

It really comes down to personal preference.

[intrade]

That's where you could utilise a trailing stop order. You'll automatically exit when your position starts moving against you and you'll end up with profit. And the best of all? No emotions or hesitations.