Most investors lose money after a bull run, because they don't have an exit strategy. Don't be one of them. So, what should you do?
Here's your game plan:
๐ฏ Key Takeaways:
Set target prices to sell.
Gradually take profits on the way up โdonโt be greedy.
It's not about timing the top perfectly, but having a plan to secure your profits.
Plan your exit, before the music stops.
โณ Why It Matters:
While the music isnโt stopping anytime soon, smart investors always plan ahead to protect their gains.
Exit Strategy Game Plan:
1๏ธโฃ For Solid Coins (e.g., Bitcoin):
- Set incremental sell targets as prices rise.
- Example: Sell 20% of your holdings at each significant milestone.
- This secures profits while keeping some exposure for further gains.
2๏ธโฃ For Higher-Risk Altcoins:
- After a 2x gain, sell half to recoup your initial investment.
- Or, after a 3x gain, sell a third to lock in profits even if the market reverses.
๐กRemember: Itโs not just about riding the wave; itโs about getting off safely with your profits intact. Stay ahead, plan ahead! ๐
Disclaimer: This information is for educational and informational purposes only, it is not investment advice.