š Profits Arenāt Real Until You SellāKnow When to Exit š°
Youāre up 3x. Feels amazing.
You tell yourself, āThis is just the beginning!ā
Then it drops 60% overnight. Now youāre back to break-evenāor worse.
Sound familiar? Hereās the truth:
š Unrealized gains = imaginary money. You only win when you sell.
So how do smart investors know when to exit? Hereās the playbook:
1ļøā£ Define your targets upfront
Before you buy, ask:
ā When will I take profits?
ā When will I cut losses?
2ļøā£ Take profits in chunks
Scaling out (25%, 50%, etc.) protects your gains while letting runners fly.
3ļøā£ Donāt marry your bags
Just because a coin made you money doesnāt mean itāll keep doing so.
4ļøā£ Use stop-losses or trailing stops
Protect yourself on the way down. You donāt need to sell the topāyou just need to stay in the game.
5ļøā£ Watch the crowd
When everyone is euphoric, be cautious. Exit plans shine when others get greedy.
š” Reminder: You donāt go broke by taking profits.
You go broke by holding forever hoping it goes higher.
š Plan your exit like you plan your entry.
Thatās how traders become investorsāand investors become survivors. š§ š
#TRB