Take Profit Strategy.

Most people in crypto don't have a take profit strategy, only later after experiencing the bear market slam -90% start to think about what a take profit strategy should be.

This is my very simple take profit strategy.

For example, if you buy an alt coin, say ABC coin, buy 20 coins, then this ABC coin suddenly rises +50%.

Most people usually hold-hold-hold, when asked when to take profit, they are stunned and don't know the strategy.

In the hold-hold-hold tar the turn was slammed - 90% of the bear market just sold, this is what I feel in the 2022 bear market, floating profit is just an illusion before taking profit.

That's why now I use a very simple method.

Suppose you have 20 ABC coins.

When he has risen +50%, sell 1 coin first so he has 19 coins left, so if he continues to rise there will still be 19 coins left.

If he goes up again to +75% sell another 1 or 2 coins so you have 17 coins left.

This is repeated over and over as it goes up, it is sold little by little.

The problem is that we can't be 100% correct and always guess the direction of the market.

Unless from the start you were determined to hold this coin forever, for example if you want to hold#Bitcoinforever, whether it goes up or down is up to you.

Like I'm determined to keep holding#BNBand want BNB to go up and down, I don't care about the graph.

But for other coins whose initial purpose is for trading, i.e. if they have gone up, you want to sell them, then the best way is to use the method above.

Every time it goes up to plus a certain percentage it sells a little, it goes up again it sells a little, it goes up again it sells a little.

Then you also have to know the final ending, what do you want to do with profit?

For example, profits are collected to buy more Bitcoin.

Or like me, profits are collected to increase USDT capital so that when there is a bear market, Ethereum installment trading capital will increase.

The point is, just think about it carefully.