Progression Take Profits
Until now i just holded coins without a real strategy when to sell. I came up with the following progression strategy. Any suggestions if that sounds reasonable or maybe stupid?
If the price rises 10% I sell 15% of the coin.
If the price rises 20% I sell 25% of the coin.
If the price rises 30% I sell 40% of the coin.
The 20% rest of the coin I hold and decide later when to sell.
What do you think? How do you take profits? All at once or also with a progression?
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