Most investors lose money after a bull run, because they don't have an exit strategy. Don't be one of them. So, what should you do?
Here's your game plan:
šÆ Key Takeaways:
Set target prices to sell.Gradually take profits on the way up ādonāt be greedy. It's not about timing the top perfectly, but having a plan to secure your profits. Plan your exit, before the music stops.
ā³ Why It Matters:
While the music isnāt stopping anytime soon, smart investors always plan ahead to protect their gains.
Exit Strategy Game Plan:
1ļøā£ For Solid Coins (e.g., Bitcoin):
- Set incremental sell targets as prices rise.
- Example: Sell 20% of your holdings at each significant milestone.
- This secures profits while keeping some exposure for further gains.
2ļøā£ For Higher-Risk Altcoins:
- After a 2x gain, sell half to recoup your initial investment.
- Or, after a 3x gain, sell a third to lock in profits even if the market reverses.
š”Remember: Itās not just about riding the wave; itās about getting off safely with your profits intact. Stay ahead, plan ahead! š
Disclaimer: This information is for educational and informational purposes only, it is not investment advice.
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