Taking profits is not that simple.

Looking for some opinions I guess but also just an observation.

People always say to take small profits and I do see the sense in that, but if you're invested in several projects, which most people usually are, then it makes it a bit trickier, I think. It also depends how heavily you're invested. You could be well ahead in one project, take small profits, or even sell most of it, but then still end up underwater due to how other projects perform.

My example with made up numbers but rough percentage correct:

Last cycle invested around $13k unfortunately at the top. Made a lot of mistakes and ended up $10k down. Continued to DCA and more recently lump sum some new projects. Total invested: $22k. Total value now sitting at about $30k.

Great you say, take some profits. But I'm unlikely at this point to take my entire cost basis out and significantly reduce my potential for more profit.

Ok then, let's say I take out $5k , then maybe another $5k in a couple of months time. My remaining portfolio can still crash and put me underwater again. So that make it seem even more pointless to take profits at a stage which appears to be quite early in the run. And the fact that we have to weigh up each individual project rather than overall profit confuses matters more.

And if you take profits, what do you do? Take a small profit on one project and just hold it in stablecoin (or maybe BTC) until the end of the bull market?

I'm not saying that I disagree with any of this, I'm just saying that the 'take profits ' motto is not as simple as it sounds, especially not when you still have a lot to lose.

I hope that makes sense, I'm not very good at explaining it.

I'm fully expecting all the "don't invest what you can't afford to lose" patronising comments. I mean sure, but really, who does that? We're all here trying to change our lives and you're not going to do that with $100.