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A Thread 🧵 

Have you ever entered a Trade and you don't know when to take profit or sell off?

This Post is for you.  

First of all Like and retweet for those who needs it too.

Sometimes you lose profit because you miss out on taking profit, at the end of the day you are back to entry or worst Loss.

To save you this dilemma, let's look at various ways you can take profit from a profiting trade or investment.

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One fear we get when trying to take profit is fear of selling too early or too late.

In order to prevent this mental stress, you exit but by bit at different price levels.

This is also called Taking partial profits.

This way, you don't sell too early and miss the pump or too late and get caught.

For Example, I buy 100 Bitcoin at $100 each, when price goes up to $150 I sell 25 bitcoins.

When price goes up to $200, I sell another 25. 

I continue like that until I've sold all the 100 Bitcoins I bought.

Laddering your exit could be based on;

-Time intervals. For example you sell of bits every 2 weeks regardless of price.

-Fixed Percentage. For example If price rises 20%, you sell 25% of your your position; at 40% increase, sell another 25%, until you sell everything.

-Fixed Prices. That is, if price moves from $1 to $5 you sell a portion. When it hits $10 you sell again until you sell/close all position.

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This strategy makes your trade or investment completely risk free.

After making some profit, you sell of the equivalent of your Initial capital and leave the profit to run.

For Example, I bought $1,000 worth of Bitcoin and it grew to $5,000, this profit taking strategy suggests I sell off $1,000 worth and leave $4,000 worth. 

Even if bitcoin price crash to zero, I didn't lose my capital.

This strategy should be use when you have a long term price target. 

This helps you to take your mind of the trade/investment until it reaches your target.

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⁣⁣A trailing Stop order helps you to trail your positing by a fixed percentage.

If prices falls below that percentage it sells off immediately.

This strategy helps you lock in profit without having to lose your position.

It also protects your locked in profit from sudden opposite movement.

This strategy works best when you are trading a trend.(We'll talk about different trade types subsequently)

For example, I Set a 10% trailing stop on Bitcoin at $100. If it rises to $150, the stop loss adjusts itself to $135. If it falls to $135, it automatically sells. If Price continues to $200 Stop loss moves to $180. 

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This strategy involves selling everything you bought completely regardless of the profit made.

There are other factors to consider here.

You completely sell off when your target is reached.

You completely sell off if market conditions change.

You completely sell off if the trade or investment is showing sign of weakness.

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