Here's how to lock in your profits so you don't lose them in the event of a declineđšđš
if you bought a major coin in the last 30 days, chances are you're at least 2x up, and worst case scenario you're up 50%.
it would be a waste to take such a risk, only to lose it all again...if there is a drop, you should be able to use your earned profits to buy more...that's the beauty of it.
Here's how to do it.....
1) Radical approach: split your assets in half. Half should be kept in fiat form (USDT), the other half should be the coin or token in question. So if it bounces back quickly, you still have half. would gain more profit...if it drops further you can buy more quantity with the other half in fiat...thus locking in your profit by owning more tokens.
2) Conservative approach: Split your sell using stop losses in batches of 25% of total holdings or use OCO....advanced trigger that allows you to set upper and lower stop losses.
so this way you are locked in, if the price goes up you will make a profit... if the price goes down you will sell before incurring big losses.
Ultimately you won't win all the time...
but winning in the end is the beauty...
Don't forget that we are still very early... congratulations to us.
If you find this helpful, follow it to learn more.
