#CHIB 🚀 When is the best time to take profits in trading?
Many traders enter successful trades, but profits are lost due to greed or excessive waiting. Therefore, the most important thing is to have a clear strategy for taking profits 👇
📊 Suggested strategy for taking profits:
• Spot Trading:
• Take 20% – 30% of the profit as a first stage.
• If the trend continues in your favor, take a second portion at 50%.
• Leave a small percentage to benefit from any additional rally.
• Futures:
• Take quick profits at 10% – 15% (especially if your capital is small).
• Distribute profit-taking over stages to reduce risks.
⚠️ Common mistakes made by beginners:
• Waiting for the “fantasy peak” 🚀 only for the market to turn against them.
• Entering all capital in a single trade.
• Ignoring stop-loss and relying on luck.
• Greed in futures and not locking in profits early.
💡 Golden advice:
Controlling greed is more important than choosing the best currency. Guaranteed small profits accumulate and build significant capital, while waiting for an “explosion” often ends in loss.
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📌 Summary:
Set specific ratios for taking profits, do not bet all your money, and control your greed… the market always offers new opportunities.