What's Your Crypto EXIT Strategy? | How To Take Profits |
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I’m sure you’ve made profits in crypto… but what about taking profits? When is it the right time to sell your crypto position, even more so, when’s the right time to exit Crypto all together?
Well, today I’ll be sharing the best methods for profit taking… as well as when to exit a crypto position properly. Knowing these strategies could be the difference between locking in profits and losing money in crypto… #crypto #cryptomarket #cryptocurrency 👕 Investing Merch: https://bestmerchever.com/ 👕 👇 WHERE TO FIND ME 👇 PATREON: https://www.patreon.com/join/investing365? Instagram: https://www.instagram.com/happytoberu/?hl=en 📖 MY PUBLISHED WORK 📖 The Journey To Health: A Powerful Guide To Understanding Our Bodies https://www.amazon.com/dp/B08GB7MM1J/ref=cm_sw_r_cp_api_i_UeYqFbJ5S55MS Motivational & Inspirational Quotes https://www.amazon.com/dp/1097514471/ref=cm_sw_r_cp_api_i_8xvXEbY9W7SHE The Epic 90 Day Journal: The Best Daily Planner to Accomplish Your Goals: https://www.amazon.com/dp/1724142275/ref=cm_sw_r_cp_api_i_0yvXEbG2CMGJY 💰 START INVESTING WITH FREE MONEY 💰 Join Public: Up to $100 https://share.public.com/Russ Robinhood Free Stocks: Up to $500 http://join.robinhood.com/ruslang $20 Free - Stash https://get.stash.com/ruslan4spgb 2+ Free Stocks - WeBull Up To $1,600 each (most likely $5-50 per stock. https://act.webull.com/i/vQMl5tV3Dh6o/9qr/ $20 free - M1 Finance https://m1.finance/Yxm42qDmwgHG YOTTA SAVINGS - 100 Free Entries! https://withyotta.page.link/hxdzU1CkApk9kgiTA Coinbase: $10 In Bitcoin When You Invest $100 coinbase.com/join/garifu_6?src=ios-link MY EDITING TOOLS: Recut: https://getrecut.com/ru Join this channel to get access to perks: https://www.youtube.com/channel/UCEkUZFKPdY59y_ndbluKRZw/join Bitcoin investing and crypto profit taking as a whole in order to take money off the table in a strategic way. Locking in profits in crypto is crucial when it comes to creating long term wealth in the blockchain and crypto economy. Taking profits off the table is key when making money and actually having a strategy in place will lead to generational wealth (when done right). 0:00 Introduction 1:04 BY HAVING AN EXIT STRATEGY 1:10 IS IT OKAY TO TAKE PROFITS? 1:41 HOW DO I KNOW WHEN TO TAKE PROFITS? 3:16 KEEP INVESTING SIMPLE 4:02 THINGS TO CONSIDER ABOUT TAKING PROFITS 4:50 ALWAYS DO WHAT'S BEST FOR YOU 4:53 1. TAX IMPLICATIONS 5:21 TALK TO A CPA 5:47 WHAT SHOULD I DO WITH THE PROFITS? 6:31 WHAT SHOULD YOUR MONEY NEXT? 6:47 FIX AND FLIPS 6:50 BONDS 7:03 KEEP A LIST OF YOUR FINANCIAL GOALS 7:28 BLOCKCHAIN HAS MANY INVESTMENT VEHICLES 8:50 DON'T BE AFRAID TO DIVERSIFY 9:17 WHEN IS THE RIGHT TIME TO TAKE PROFITS? 9:34 1. PARABOLIC PRICE ACTION 9:53 WHERE IS PARABOLIC PRICE ACTION COMMON? 10:20 RISK MANAGEMENT STRATEGIES ARE KEY 10:44 2. LIFE CHANGING RETURNS 11:52 HOLD YOURSELF ACCOUNTABLE 13:42 SELL WHEN OTHERS ARE GREEDY 14:35 1. SET EXPECATIONS... 15:25 HOW TO EXECUTE THIS STRATEGY PROPERLY 16:02 PROFIT TAKING STRATEGY #2 16:26 LOOK FOR LOWER HIGHS AND LOWER LOWS 16:45 RSI IS A GOOD TOOL TO HELP GAUGE VOLATILITY |