99% of people don't know when to sell cryptocurrencies

.$BTC

They simply buy a coin and don't even know when to book profits.

a result?

They regret not selling and feel frustrated.

In this post I talked about profit booking strategies that can help you in this uptrend:

First - Why is it important to have a profit making strategy?

Well, in the fast-moving cryptocurrency markets, huge gains can appear and then disappear faster than you can blink.

You must secure returns by taking profits from time to time or risk watching your portfolio get destroyed.

The basics are simple enough - set pre-determined target prices at which you plan to sell portions of your property.

But blindly using fixed targets without the ability to adapt can leave you stuck missing out on big gains or holding on to big losses.

Here are some pro tips to level up your profit-making technique:

1️⃣ Get out of positions through multiple step-by-step objectives on your way up.

For example, sell 20% of your tokens at 2x, 30% more at 5x, and let the remaining 50% go forward.

This allows for continued exposure to the upside while still making some gains.

2️⃣ Trail protective stop loss orders upward as the price rises to realize gains.

But don't stop prematurely - use patience and plenty of room to maneuver.

3️⃣ Closely monitor price action and indicators for signs of trend exhaustion, such as bearish divergence on the RSI, drying up volume, loss of momentum, etc.

Then wisely take some profits off the table.

4️⃣ If the overall cryptocurrency market starts to shake, remove some chips from the table to stabilize your portfolio.

You can always re-enter on dips as conditions improve.

5️⃣ Rebalance by rolling profits from individual coins into stable alternative assets like USDT, UST or BTC.

This keeps you invested in cryptocurrency growth while minimizing risk.

Beyond technical advice, market psychology and discipline around greed/fear are equally important.

Some final tips:

✔️ Don't beat yourself up for not selling at the peak. Taking profits requires flexibility and accepting that the time will not exactly reach the peak.

✔️ Think long term. Compounding moderate gains is better than sporadic performance. Patience pays off.

✔️ Learn from successes and mistakes. Review the results impartially to continuously improve your profit-making skills.

Ultimately, taking profits does not mean selling every perfect top.

It's about consistently accumulating gains to reach your financial goals, regardless of daily fluctuations.

With the right mindset and strategic tactics, you can build life-changing wealth in the market.

All the best, let's print life and wife change money in this bull race!🚀