Obviously DCA into the market is the most straightforward and easy way to get into a position. But I feel that DCA out is rarely talked about in here (selling is unpopular to some I know).
Once you're in a position, how do you take profits? DCA -ing out is likely the optimal approach since market timing is challenging - but how much do you sell off each time? Do you pull out 2%? 5%? At what intervals? How do you know it's time to start?
This is primarily for those aiming to take profits (no disrespect to our steadfast HODLers β you have my admiration and support). What profit-taking strategy do you employ when DCA-ing out?
[link] [comments]
You can get bonuses upto $100 FREE BONUS when you:
π° Install these recommended apps:
π² SocialGood - 100% Crypto Back on Everyday Shopping
π² xPortal - The DeFi For The Next Billion
π² CryptoTab Browser - Lightweight, fast, and ready to mine!
π° Register on these recommended exchanges:
π‘ Binanceπ‘ Bitfinexπ‘ Bitmartπ‘ Bittrexπ‘ Bitget
π‘ CoinExπ‘ Crypto.comπ‘ Gate.ioπ‘ Huobiπ‘ Kucoin.
Comments