( commitment: After reading, you will never take profit too early again )

Today I share with ace the secret of taking profit, helping ace after reading will clear their mind, no longer being affected by the "curse of taking profit too early" or "evil spirits" disturbing their income in this market

First, ace must remember the important mantra to engrave in their heart "Never use all your money to buy, never sell all your holdings" Based on this mantra, ace will need to allocate their capital to ensure they always have money in all cases (never use all your money to buy), as well as always have some holdings left to take profit (never sell all your holdings)

So how can you always have some holdings left to take profit? Please read on ⬇️

Profit-Taking Secrets (Applicable to both Future - Spot - Margin). After many years of research, I find that the method of taking profit by % is an extremely optimal method, especially for those who battle in the Future market. The profit-taking method by % is understood as follows:

- Set a minimum % milestone to take profit (For example 5-10%)

- Once reaching this milestone, take profit according to the corresponding %

For example: Ace has a Long position or bought Spot 1000 token X worth $1000 and is making a profit of 10% ($100), at this point, they will be unsure whether to take profit or hold on. In this case, apply the profit-taking method by % and take profit equal to 10% of the account (That is, take 100 token X worth $100)

After taking profit, ace's account will have 900 token X (worth $1000) and $100 cash. At this point, there will be 2 options:

1/ If the price of token X returns to the original purchase price, it is considered a break-even trade and you do not lose anything when placing a SL entry

2/ If the price of token X continues to rise by another 10-20%, Ace will still have holdings to sell (Continue applying 10-20% on the remaining tokens)

Thus, even when the token rises extremely strong to x2-x3-x5, friends will still have holdings to take profit and never be in a state of anxiety that they have taken profit too early and watch the price soar regretfully

Conversely, in the more common case where the token rises sharply by 40-50% and then falls back to the initial price, ace will still have profits in hand and can sleep well instead of being confused, worried, blaming themselves for not taking profit.

The Crypto market is extremely vast and knowledge in Crypto is likewise, within the framework

In this article, I would like to share a small excerpt.