How to take profit without missing out on further gains

[Phronesis]

Your bag has pumped so hard and you want to take profit.

This is normal.

Because the only profit you actually make is the one you take.

But you believe in this project. A 10X to 100X from here is still likely.

Heck, we're in a bull run and pullbacks are rare.

And even when they occur, it doesn't last even a day or a few days at worst.

Plus you're not a trader who charts the market and loves flipping coins like cake.

So, how do you take that profit and ensure that you're not left out if the market continues pumping hard?
Take profit by selling in batches
My first approach to taking profit is this:
*Divide up my holdings into 4 or more parts, depending on how big the bag is
*Determine at what price you're going to start taking profit. That is your base selling price.
*Sell them in batches and at different prices on the way up
Remember the goal is not to sell and cash out into fiat and go on a shopping spree.

The purpose of taking profit is to be able to accumulate more of your favourite coins.

By buying more of it back when the price drops or a major dip occurs.

Don't worry, if you're patient enough, you will catch that dip that always comes around after a pump.

 

[Faith B]

I seriously do not understand what you wrote....... is it profit from any business you do?

 

[Phronesis]

It's not a business, if you paid attention to the details, you'd realize that it's a business idea that'd promote one's business and help to improve their productivity.

 

[Faith B]

Alright no problem I Will go and Google about it