How to properly Secure Profits of a Bull Run

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3 years ago

How to SKIM

Basically this will not be a large article but it's the best way to tether your profits without taking a big hit.
So I've made the mistake of making massive profits and tether EVERYTHING losing out on more gains...
What I found out is the process of skimming. You Skim the top... so lets say you're in excess of a few thousand... you skim that.. you're not gonna skim a fat chunk... because again, you'll have more to skim...

Lets say you're up 5,000... Then you 2x your money and go to 10k.. Skim about 3k... Let it keep climbing, and once you get into territory you do not want to lose, start skimming more from the profits...

There is no definitive answer on when the correction/crash will occur but you HAVE TO expect it...

You can do it by percentages, by securing a few thousand everytime you gain a few thousand. You get what I mean?

At the end of the day you're not going to 5x your money... and Tether 100%.... you'll never tether 100%... because so long as its going up you're going to be making gains, and you're tethering the big profits so if it does tank, you'll have several thousand to buy into when its low.
That's pretty much the name of the game. There is no "perfect" in and out times of trading but skimming... comparing to TETHERING 100% of your portfolio is the best way to secure profits. Don't Panic Sell, Don't Panic anything. Its just money. Just think of it this way... If you look at your portfolio and notice a significant increase.... Tether what you're afraid to lose but again, in the SKIMMING process... not the whole thing.

If you have better ideas/ways to secure profits definitely feel free to comment, I am always up for newer ideas/suggestions/tips etc. :D

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