#Altseason Yes, in the coming months you will earn money that will change your life!
But ONLY if you have a solid exit strategy!
What are your favorite alts?
Today I will share with you a very simple idea that will help you make a profit at the end of a bullish trend.
It's all about psychology.
Essentially, you need to overcome the psychological barrier that prevents you from taking profits when prices rise.
How to make this important mindset shift?
Consistent profit-taking, even less than 10% of your positions when you're already in profit, will help develop a useful habit.
Train yourself to think that making a small profit is already good, while realizing that the cryptocurrency market can still grow.
Look at the sales chart and set yourself an objective level for partial and full sales of your favorite altcoins. Often 5-6x from the bottom is already good to secure profit. Waiting for more, as seen in market phenomena, can unexpectedly disappoint you. I myself secure at least 50% at a 5X increase. I did this with Sidus, Luna, Axe, Sol, Ton, Not, Sand, Combo (Cocos), Beam (MC).
If your approach to making a profit at the end of a 'bull' trend is: 'I will sell everything at the PERFECT time!', you are doomed to fail.
You will never understand in advance that the moment has come and will still wait for a bit more growth, building your fantasies about acquisitions, and in the end, you will be left with nothing, as prices will drop by 90 or even 99%.
Gradual scaling out of the market at the peak will be crucial.
Don't be too perfectionist about your exit strategy — it's an important skill that many will have to learn from their own bitter experience.
Don't try to be a hero.
Especially if this is your first Bull Run.
#binance #TopCoins What is your favorite and at what price did you enter it? Write it down and let's discuss together what would be a logical exit price. There won't be a single opinion - I'm sure of that, but that's normal, as even the fingerprints that don't change throughout life are different for all of us, and our viewpoints also change like the weather. ;)))