One thing I still struggle with is knowing when to actually take profit.
Sometimes I sell too early and it keeps going up….Other times I hold too long and watch gains disappear
Do you guys follow a rule? A Pattern? or do youjust go with your gut?
Would be helpful to know how others approach
How do you decide when to take profit?
byu/North-Exchange5899 inCryptoMarkets
Posted by North-Exchange5899
3 Comments
When you take a screenshot, you should take some profit
Are you talking about trading spot? Futures? Swing trading? Scalping?
Generally avoid having just one profit target. Take profit in batches.
If you’re long, put yourself into the position of a bear. Where would you try to short. That’s where you take profit. And wise versa for short.
When you really need something, and NOT when you want something, they’re totally different things! 🤷♀️