I've seen a lot of people preaching about "taking profits" after every 5% spike in the last few days.
While I agree that taking profits is generally a smart move, this overly cautious approach doesn't make sense to me right now.
Taking profits on some altcoins that have barely broken out of their 2+ year downtrend, while BTC still dominates and the ETH/BTC ratio is on the verge of bottoming out, is pure insanity.
Of course, if you're a trader, take your profits and move on to the next trade.
But if you're like most people looking to maximize your investment returns in the final months of this bull cycle, my advice is to take it slow.
Why do I say that?
Because I've seen too many people blow up over the years due to being overly cautious at the wrong time.
Here's what usually happens:
- They sell too much, too early.
- Then they watch their former holdings soar.
- FOMO.
- Then they re-enter the market at peak prices, becoming exit liquidity for smarter players.
Remember that sinking feeling as you watched your portfolio shrink day by day?
Trust me, it pales in comparison to the agony of watching the crypto you sold soar while calculating how much money you could have made.
So, to wrap up this rant:
Take profits, sure, no one ever went broke doing that.
But don't get out of your positions too quickly.
Keep most of your holdings in until you see the classic euphoria signals.
Don't play the game backwards.
#DEXXBreach #USDebt36Trillion #Binance240MUsers #WorldLibertyXChainlink #NextMarketMoves
