2024

when

April

<h4>You saw a good call; it did 500%, but you didn’t take profit, hoping it would go higher. Now, it’s down to -30%. </h4> 
This is normal. It happened to the best of traders. To not be a victim of this again, this article will guide you to take profit in crypto. Here’s how to go about it. 
<h5>The Art of Taking Profit in Crypto</h5> 
Most Crypto traders get good calls and realize high profit points but refrain from taking profits. In the end, they lose their initial investment. How do you avoid this? 
Let’s look at two aspects of a crypto trader’s trading goals to get a hold of this. We have short-term and long-term goals. 
<h6>1) Short-term (Trading)</h6> 
A golden rule in trading is to cut losses and let your profits run. You hear this often, but how are you supposed to achieve it? Have you lost a trade? You’ll have to learn to accept your loss and move on. Yes, you had a good trading strategy, but it didn’t produce the required results, so you’ll have to move on and make the next trade. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 A disciplined trader should aim for 3 outcomes: 
 1) Big Win – Capitalize on high probability opportunities 2) Small Win – Take quicker profits in choppier conditions 3) Small Loss – Cut losses quickly when wrong 
 Respect your trading rules and never allow a losing trade to become… 
 — EliteOptionsTrader (@EliteOptions2) <a href="https://twitter.com/EliteOptions2/status/1778533414196687342?ref_src=twsrc%5Etfw">April 11, 2024</a>
</blockquote> 
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The good thing about trading is that you can set your profit percentage. You can set it to take profit at 25%, 50%, 75%. It all depends on your desired profit point. You should note that taking profit at every profit point results in a considerable loss; gas fees go off. Imagine taking profits at several profit points on the <a href="https://www.altcoinbuzz.io/?s=ethereum" target="_blank" rel="noopener">Ethereum blockchain</a>; you know the story. 
Don’t always take profit too early. You’d run yourself at a loss, thinking you are being smart with your trades, while you are losing a lot by not allowing your profit to run. Crypto traders take trades based on conviction. If you’re convinced about a trade, you can also allow your profit to run. 
So, it would be best if you traded with a plan. What’s the percentage you want out of this trade? Are you okay with taking 75%, or will you allow your profits to run? In essence, trading is planning. Let’s move on to the second aspect of trading. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 WHEN TO TAKE PROFITS – <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> GAS FEES 
 Most people focus heavily on entry points &amp; buying signals, but it's the exit strategy that often determines whether you leave the market with gains or not. 
 Whether you’re holding or trading, mastering the art of taking profits is one of the… <a href="https://t.co/MoLmzkBeq7">pic.twitter.com/MoLmzkBeq7</a> 
 — The Altcoin Investor (@Altcoinvesting) <a href="https://twitter.com/Altcoinvesting/status/1778055942304624741?ref_src=twsrc%5Etfw">April 10, 2024</a>
</blockquote> 
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<h6>2) Long-term (Investing)</h6> 
Do you invest in high-performing micro-cap and <a href="https://www.altcoinbuzz.io/?s=memecoin" target="_blank" rel="noopener">memecoins</a>? Well, that’s what long-term investment is all about. You put your money into a low-market cap with promising structures and take profit. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Why is long-term value investment important even in crypto? 
 "It's evident that there exists an optimal investment horizon, roughly around 10 years or more. Investing for 10 years or longer has consistently rewarded patience in the market. 
 As the investment horizon shortens,… <a href="https://t.co/CfrXT4tXoo">pic.twitter.com/CfrXT4tXoo</a> 
 — Youbin Kang | nonce Classic (@youbin_kang) <a href="https://twitter.com/youbin_kang/status/1779014124900700277?ref_src=twsrc%5Etfw">April 13, 2024</a>
</blockquote> 
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How do you make profits in long-term investments in crypto? You see your coins move to a higher market cap, and you take your initial investments. The general rule is to “take out your initial investment once you’ve made a profit.” 
With this method, you make money from your investments while maintaining your position. You don’t take your whole cash out of the investment; you only take out your initial investment, so you don’t experience huge losses. 
For Altcoin holders, sell part of your bags whenever the Altcoin market is running high with high market caps. Don’t take everything out; 30-50 % should be okay. With this <a href="https://www.altcoinbuzz.io/?s=trading+strategy" target="_blank" rel="noopener">trading strategy</a>, you make a profit while maintaining your position. For long-term investments, consider taking profit when Altcoin market caps are at an all-time high. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 𝐂𝐑𝐘𝐏𝐓𝐎 𝐀𝐃𝐕𝐈𝐂𝐄: 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e9.png" alt="🟩" class="wp-smiley" style="height: 1em; max-height: 1em;"> Learn about blockchain technology <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e6.png" alt="🟦" class="wp-smiley" style="height: 1em; max-height: 1em;"> Choose crypto with a solid foundation <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e7.png" alt="🟧" class="wp-smiley" style="height: 1em; max-height: 1em;"> Hodl for the long term avoid chasing hype <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f7e8.png" alt="🟨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Protect your crypto assets with secure storage 
 Wise crypto investments are built on understanding 
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f310.png" alt="🌐" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f510.png" alt="🔐" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Blockchain?src=hash&amp;ref_src=twsrc%5Etfw">#Blockchain</a> <a href="https://t.co/ZygFgfdaqX">pic.twitter.com/ZygFgfdaqX</a> 
 — The 1% <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1e6-1f1ea.png" alt="🇦🇪" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@RB_Tradingltd) <a href="https://twitter.com/RB_Tradingltd/status/1779423102130115003?ref_src=twsrc%5Etfw">April 14, 2024</a>
</blockquote> 
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A solid strategy for making a profit in crypto is “When others are selling, you buy. When others are buying, you sell.” 
<a href="https://www.patreon.com/altcoinbuzz" target="_blank" rel="noopener"><img decoding="async" class="aligncenter wp-image-124240" src="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg" sizes="(max-width: 714px) 100vw, 714px" srcset="https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-300x37.jpg 300w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1024x127.jpg 1024w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-768x95.jpg 768w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-696x86.jpg 696w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1-1068x132.jpg 1068w, https://www.altcoinbuzz.io/wp-content/uploads/2023/09/image-7-1-1.jpg 1197w" alt="Coins" width="714" height="88"></a> 
<div class="youtube-embed" data-video_id="MBCjyz0b528">
 <iframe title="3 HUGELY Undervalued Altcoins For the Crypto Bull Run" width="696" height="392" src="https://www.youtube.com/embed/MBCjyz0b528?feature=oembed&amp;enablejsapi=1" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
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<h6>Disclaimer</h6> 
The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. 
The post <a href="https://www.altcoinbuzz.io/bitcoin-and-crypto-guide/how-to-take-profit-in-crypto/">How To Take Profit In Crypto</a> appeared first on <a href="https://www.altcoinbuzz.io">Altcoin Buzz</a>.

How To Take Profit In Crypto

Altcoin Buzz

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