It’s nice to watch your portfolio grow in value, especially when coins pump like $XLM today.

But at some point, you need to TAKE PROFITS

I’m not saying sell it all right now, that would be ridiculous.

Here’s how to take profits rationally.

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1. During and after a bull run, you need to keep your emotions in check.

When the price tops out and starts to move down, it’s easy to be afraid to sell and just HODL all the way back down.

That way, even a 1000% PNL can go to zero.

2. Of course, I’m not saying that’s happening now (and I don’t think it is), but, sadly, it won’t only go up indefinitely.

So, how do you take profits while avoiding the other danger, namely your crypto rallying even more after you sell?

3. There are two key strategies for this.

First, set some price targets in advance.

Second, scale-out gradually rather than selling all at once.
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4. If you know in advance what you expect – 10%, 20% or 3x, you won’t be so easily swayed by greed when the time comes to sell.

But still, if you sell all you’ve got, you’re missing out in case it keeps going up.

5. That’s why you need to scale out. There are many ways to do this: you can decide to sell 10% when it hits one target, another 10% when it hits the next one, and so on.

But when you have a bag that went up 50% or more, there’s another good strategy.

6. When you don’t know if it will keep rallying, you can sell the value of your initial investment.

That way, you’ve got all your money back and you’re left with a free moon bag.

This makes it easier to think straight because you’re not risking your initial investment anymore.

7. Keep these strategies in mind and crush bull run and altseason PnL.

But remember, unrealized PnL isn’t worth anything.

Take profits, set stop losses and be smart!