#Day111 : When to Take Profits in Crypto Trading
Knowing when to take profits is just as important as knowing what to trade. Greed often leads traders to hold too long, only to watch gains vanish. A smart strategy is to set target levels before entering a trade—like taking 30% profit at +20%, another 30% at +40%, and letting the rest ride. Use technical indicators like RSI, Fibonacci levels, and volume spikes to spot overbought zones. Don't wait for the perfect top—no one times the market perfectly. Always remove your emotions and follow your plan. If you’ve doubled your capital, consider pulling out your initial investment and let profits ride. This reduces risk and boosts confidence. Remember: you don’t go broke taking profits, but you might holding forever.
