How do you approach profit-taking in crypto? Do you have specific targets or milestones you aim for? Are there certain indicators or signals you rely on to signal when it's time to sell? And perhaps most importantly, how do you balance the desire to maximize profits with the need to manage risk?
Some of us may be considering selling a significant portion of our portfolios in the coming months, with the aim of securing profits while still leaving room for potential growth. How do you determine the optimal percentage of your portfolio to sell, and over what timeframe do you execute these sales?
I expect to sell around 80% of my portfolio in the next 3 to 12 months and don't know very well how to face the task.
I've taken profits before but nothing like that. This stage is one of the most difficult to surpass and don't know very well how to carry on with it (apart from "stick to the plan").
Any suggestions about strategies to follow?
For the record, my portfolio looks like that.
40% BTC - 17 % ETH - 13 % ROSE - 12 % MATIC - 6% CRO - 6% ADA- 3% DOT , the rest some PEPE. I would "need/expect" around 2X-4X yet to "make it".
Let's share some knowledge!
I think we all would appreciate the opinions of people who felt in their own flesh the errors of miscalculations and mistakes when thinking of taking profits in previous cycles or those who felt as winners because of their rational decisions or strategies (not just luck).
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