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/biz/ - Business & Finance

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13246176 No.13246176 [Reply] [Original]

What's your profit taking strategy /biz?
I usually sell 70% when the coin hits 20% from initial buy-in and then sell everything left once it hits 50% profit.

>> No.13246257

i need to get gains to even worry about it. in another parabolic run i'll probably take 10% every 2x or something and use that to buy dips

>> No.13246279

>>13246176
I need to figure this out as well .. in 2017 I did something similar to your strategy to watch the coins moon to 5x-10x after I sold which felt equally bad as losing money at that point

>> No.13246281

I'd say 50% on x2 and ride the rest for a year

>> No.13246299

take linear profit from exponential gains, take exponential profit from linear drops

>> No.13246329

>>13246176
WHERE'S CARL????

>> No.13246397

>>13246299
can you give me an example of this?

>> No.13246444

>>13246397
sell 10% of your holdings every 25% increase in price
sell 25% then 50% then 100% for every 10% drop from recent high

>> No.13246608

>>13246444
obviously these numbers need to be adjusted for the expected volatility of the asset, its expected growth and your risk management system for it

>> No.13246771

>>13246176
I take initial profit (70% of my position) when price reaches a certain technical level (confluence zone, key price level, trend line, moving average, Fib retracement etc.) using multiple time frame analysis, then I trail my stop. Some of my day trades evolve to swing trade and very rarely long-term position trades.

>> No.13247081

>>13246176
What's profits, anon?