Porto is green, what is the strategy for taking profits?

Surely many friends ask questions like this. My port is green, so what should I do? Don't let my friends here whose ports are already green turn red again, then you'll cry again (?)

#1Use the moonbag strategy

This is the easiest, most basic, most basic strategy that you can apply, where when the price increases 100%, friends sell 50%, aka just take the capital. Let the profits run because in a bull market there is a big chance that prices will rise much higher than expected. However, understand that the cycle is only 2-4 months and not more. Make sure you have a sweet spot for exiting the market.

#2Set BEP at entry

This second step is suitable for traders, when the price has moved significantly (10-20%), one of the best steps you can take is to set a stop loss in the entry area so that when a correction occurs and the price returns to entry, you don't lose your portfolio. that you have.

#3Create a take profits grid

Take profits grid is a multiple exit strategy where friends can create a "take profits" area by removing 25% of the trading position every time the price approaches a certain point (the area of ​​value that is being considered). This strategy will be very easy because we will get the best "exit price".

#4Take advantage of the psychological level

Certain psychological figures such as $1 or $100 can be used as an area to take profits. Make sure you use this area to take profits because there are many people "queuing" to sell in the psychological area.

Hope it is useful!

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