🔥How to take profit correctly in a growing market?🔥
The market entered a phase of strong bullish movement and coins began to grow strongly. Alcoins with low capitalization can give crazy profits in a short time, but also very quickly fall by 50-90%. Many people experience a feeling of FOMO and when making a profit from altcoins, they simply don’t know when to fix it, because it seems that “What if the coin grows by another 100%.” As a result, the coin rapidly falls having reached some peaks and you are left with nothing, or you come out with a small plus.
It's actually quite simple. To get a stable profit from the growth of the coin, you should fix 50% of the profit after receiving x2. Then, after the next x2, you withdraw 50% of the balance. And you repeat this until the market rises, or until you decide that it’s time to get rid of the current asset.
This strategy will allow you to make a profit in a growing market at any volatility and without sitting on a pumped coin for more than necessary.
Don’t be naive, all these people about whom they write in the news “I invested $1000 and received $100,000 in 3 days” are 0.000001% of all investors and the chance that luck will smile on you is negligible and you will most likely simply lose your deposit. Develop your own profitable strategy or use someone else’s, the main thing is to make a profit, the market is growing and the patient will always take their part.