How do you know when to take profit?

Its scary hearing stories of/biz/fags that went from 10k to 200k but refused to sell; leaving them with nothing later on

How do we not get JUSTed next time?

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Sell when you're up.

>mfw 1k to 20k back to 1k in 5 months

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But I don't wanna end up like the fags who sold ETH at $10

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its quite easy actually. Parabolic curve / exponential gains = take your fucking profits retard its gonna dump. Those who were up +1000% and didnt sell are utter brainlets. Boomers would kill for those kinds of gains

but we aren't boomers. we're zoomers that only settle for 200x

There are bearish signs before the bubble bursts.

Weekly rsi/ stoch

why not sell a little on the way up

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>stochastic indicator on a 1w timeframe
+1 for rsi tho

this. no one ever went broke from selling in the black, you will never buy the absolute bottom, and you will never sell the absolute top. although anyone who let their portfolio bleed to death after gains like that is a breedy grainlet regardless

You should truly think about what is truly a life changing amount is. That could be a poor fag who needs 2k to pay off debit. Or vehicle for others. It's all relative, but be grounded. What would truly help you? Not take you to the moon. That's step 2.

Next time your friends or family with no prior inclination toward technology or active investing start asking you how to invest in crypto, start slowly selling your stack over the course of the next 2 months. If CNBC starts shilling shitcoins, double the speed of your divestment

Start like the King. Pick up used cigarettes off the ground and smoke the last puff. Like, buy emerging markets or mall REITs.

A lot of new traders don't seem to get the idea that dollar cost averaging works on both buys AND sells. Nothing wrong at all with taking partial profit at certain points on a rising trend. Do it right and you'll come out a little better than you would have if you hodled all the way through to the tippity top and waited for a sell indicator. Most likely in that case you sell during the big initial drop, miss the bull trap, and wind up with a pretty suboptimal sell price.

I see so many investors buy in hard to the Buffet strategy, long hodl, cost average down when needed, hodl hodl hodl, but never have a clue about how to trade. You have to have a set of criteria and plan for exiting your position which should be in place before you even open the position to begin with. This includes a price target for selling most of your holdings. No, "well i'll sell when it tops out". Wrong. It is stupid to think you don't need to worry about TA and trading strategy just because you're holding long.

that's me. my plan is to hold chainlink until im rich and i havent even quantified what rich is to me yet. how do i pick price targets? just arbitrarily off of what profit im comfortable getting? or some kind of high level analysis? there's never any talk of this kind on Jow Forums btw.

keep moving up you stop loss

>how do i pick price targets? just arbitrarily off of what profit im comfortable getting?

Crypto can be funky about that but i'll answer from my perspective as primarily a stock market trader (I do crypto too, but not as much). I set price targets based on historical chart; levels where considerable resistance to upward momentum were encountered, previous all time high, how big of a swing the thing has done during past breakouts and how hard profit taking was after the breakout. If you think it'll punch past previous ATH, what's your rationale? Hopes and dreams or feasible potential? Are there plans in place to realize that potential? What history does your coin of choice's developer team have of meeting stated goals? On the last ATH, high much higher was that price than the ATH before it by percentage gain?

None of this is high level analysis. Barely any math involved.

buy when you're feeling it
sell when you're not feeling it
simple as that, intuitive trading is not a meme and you can pretty much ignore the crystal ball bullshit charts that may as well be roulette spins. they've done studies and most professionally managed funds did no better than randomly chosen portfolios

The meme chart is right. Sell when you literally feel euphoric. When you look at your folio and are giddy with happiness and are thinking "Holy shit I might make it!"

I'm one of those guys that went from $8k to $250k and back to $15k all while taking $0 profits

main reason was because I'd never invested in anything before, it happened so fast, and I had no plan and was incredibly greedy.

Best advice I give myself and others now: HAVE AN EXIT STRATEGY AND FOLLOW IT NO MATTER WHAT

I know now at exactly what price/percentage I'll sell portions of my bags. If it keeps mooning after I sell, so be it, better to miss those gains than to get greedy and lose it all.

I'm up $2 should I sell?

Sell when you feel the least like selling. Unironically. When it seems like everyone thinks it can only go up you should be worried. Make a thread about selling your cones; the larger the % of people who tell you you're a retard for selling the more inclined you should be to sell.

Also, this.

When you feel good

>Make a thread about selling your cones; the larger the % of people who tell you you're a retard for selling the more inclined you should be to sell.

That's decent use of Jow Forums as an indicator. I like it.

Anytime you're up 10x on something whose fundamentals did not change one iota since you bought it, you can be assured that it will just as easily go right back down to where it started.

Anyone who didn't put in a stop at their +3x point (at the lowest) completely deserves what they got and I have no sympathy.

41 year old boomer here, most of you are too young to understand how much risk you were taking, and how unbelievably lucky you were getting. People with more experience and higher power levels in investing (and life) tried to tell you that crypto in 2017 was just monkeys flinging diarrhea at each other, but you just said that we were boomers who didn't get it, while reaching for another handful of diarrhea.

I traded during the dotcom bubble and learned my lesson then.

Look on the bright side: when the next generation gets into their own stupid bubble of bullshit 20 years from now, you'll be there to give them advice. You'll be called an out-of-touch boomer, but then you'll have the pleasure of getting to sit back and watch yourself be right.

*siiiiip*

Unironically this. When everyone has bought in and is bullish there are no more buyers to push the price further up.

no, we'll join the ride brainlet

fuck off boomer, you're just salty you never bought crypto

Ez, always do the opposite of what biz says.

I rode this one too for a while. :)

But I got off the ride in early December, because I was under no illusions about what was inevitably coming.

My particular signal was BTC closing at 16K ONE WEEK after its first close above 10K. Noped right the fuck out.

go to bed dad

This is me. I had 1400% profit but only took out 3% of my stack at ath to go and travel SEA for a month.

Crypto is a textbook Ponzi scam. Only literal retards would think it would last.

It's kind of tricky though, because I felt like this when I got to around 50k, but I made it to 800k about six months later. Down to 350k now, but it was still worth holding through that initial euphoria.

You're never gonna make it

if you open Jow Forums and you see 10 fucking threads of apologize $100 eoy you better sell

>I know now at exactly what price/percentage I'll sell portions of my bags. If it keeps mooning after I sell, so be it, better to miss those gains than to get greedy and lose it all.

this this this and this. there are people on this board right now that held through ath with shitcoins that will never moon again.

see

Hunting highs and lows is dumb. Just do trades when there's a positive risk/rewards and set your stops at the invalidation of your thesis.