Do you always fail to grasp the timing of selling in the cryptocurrency circle, resulting in a large profit retracement? Today I will teach you a practical profit retracement principle!
In the cryptocurrency circle, we often encounter a problem: when to sell to maximize profits? At this time, the profit retracement principle can come in handy.
Specifically, when we buy a currency, if we make more than 10%, we must start to implement the principle of principal protection. If it falls to the purchase price later, we must sell it unconditionally to avoid losses.
If we make about 20%, then we stipulate that this transaction must make at least 10% before selling, unless there is a technical judgment of the stage high point.
Similarly, if you make 30%, then you must sell unconditionally when the minimum profit falls to 15%. The core of this principle is to let the profit roll by setting the threshold of profit retracement, rather than missing the opportunity to sell because of greed or hesitation.
The profit retracement principle is a very practical strategy that can help us better grasp the timing of selling in the cryptocurrency circle. If you think this principle is helpful to you, remember to leave a message in the comment area to share your views!
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