Taking profits is one of the hardest things to do. A market downtrend is a reminder you should take profits from time to time.

‘Hodl’, ‘buy the dip’ or ‘DCA’ is a good rule of thumb and generally a good thing to do. Especially if you’re in for the long run and don’t expect to be rich overnight (like you should).

But the opposite has some truth to it as well: you should take profits from time to time and sell the top or while everything/your portfolio is green. You can’t go broke by taking a profit.

It’s very hard to take profits, because greed is a bitch and selling the “top” is counterintuitive. When everything is green, crypto is in mainstream news every day, companies announce crypto adoption, you might expect prices to go up more. Especially if it reached higher prices before.

I’m writing this because it’s a reminder for myself and this post may be helpful for other people as well. Have an exit strategy, take profits from time to time (especially when everything is green and things seem too good to be true), and DCA out like you DCA in.

Pretty sure I’m not the only one who finds taking profit is difficult, so I am curious to your stories and your strategies.