Trying to calculate when to take profits
So, this is a dumb question and I'm sure it's been asked here before, but I've searched google for days trying to find a guide for this.
At what percentage gain is a good time to pull out your profits AND what is a good rule of thumb for what percentage you would want to take out at which level.
Does that make sense? After rereading what I just wrote, probably not. So, say your coin reaches 30% gain from your initial acquisition cost. What would be a good percent of your holdings to take?
I'm sure this is different for everyone, but I'd love to hear everyone's own personal strategy on this. Thanks guys
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