What separates winners from losers is the ability to get out when the moment comes. You’re gonna end up a paper millionaire if you don’t know how to take profits. Here is my guide on profit taking + 3 simple strategies if you don't want to lose the money train. 🧵👇1/25

1. It's no rocket science.. If you don't take profits, someone else will. I’ve been in the situation of losing money because I didn't know how to bank profits. It was painful and I promised myself that I will never make such mistakes again.

2. So, before talking about practical strategies we first need to cover the psychological aspects behind, which are the primary obstacles between us and the profits. I’m sure that you experienced these mistakes at least one time in your investment journey.

3. •You're experiencing FOMO so you're regretting missing out if a coin keeps going up. • You're greedy and you don't take prodits because you think prices will go up more and never return to the lows.

4. • You feel the need to be always in position and you're uncomfortable holding stablecoins, thinking that you're missing gains and people around you are becoming rich. • Even relief bounces make you greedy, thinking the bullrun will resume so you prefer to hold.

5. • You don't take profits often, so when you do you're feeling bad as it isn't normal. • Your friends aren't taking profits, instead they are talking about how much future developments will impact the price, so you prefer to don't sell.

6. •You're feeling too much like part of a community so by selling you're thinking to leave them alone and not believing in the project anymore. • You don’t have an exit plan. • Lack of TA. These are the common things that usually stop you to achieve your goals.

7. You can read these mistakes 10 times a day for 365 days, but you will deeply understand them by ONLY experiencing them. It's unfortunately as I said. Getting rekt is the supreme teacher. Let's now take a look at the strategies, the core of this thread.

8. ▫️Reverse DCA. As the classic DCA that is used to scale IN a position, the reverse DCA works, as the name suggest, to scale OUT of a position. It’s the easiest technique you can use to take profits. But let’s see analyze an example.👇

9. This is the graph of a coin that i held in 2017 (not gonna make the name to avoid possible discussions from the community)..how does it looks to you? Absolutely parabolic. Not gonna lie, i didn't take profits cause I was so noob..but what I had to do in that case?

10. Cutting a 10/20% at each new leg up. By using this strategy i would have been able to lock in some profits while my bag still running and more potential profits to be made. As you can see it returned to its previous levels, despite all the good promises of the project.

11. 2 tips from this approach: • The more aggressive the candle, the more aggressive you must to sell it. • Every profit is not a profit until you take it. Everything could wipe out in an instant. • Once you sell, never look back.

12. ▫️9-EMA. This is my personal strategy and an indicator that I use often. Many times it saved my capital and that’s why i’m so attached to this one. Let’s make a clear example.

13. These are 3 charts: $OP $LDO $MATIC. As you can see all of them have rode the 9-EMA (the line below the PA) confirming the uptrend, but they are now showing a shooting star candle formation on the daily. (A potential pattern of trend inversion)

14. The concept is simple. • If price closes below the 9-EMA it could be the start of a corrective downside move and you should exit the position. The example below is even more clear. $BTC lost the 9-EMA closing below and this has produced a harsh downtrend.

15. ▫️Create systems. “Mate, I'm not a trader and I hate charts.” No problem, create a solid system and respect it over time. I’m showing you the way with 4 examples that you can take and adapt to your profile risk. Each example start with 1000$.

16. ▫️Conservative: • Investment increases by 50% 👉 $1500. • Take out 75% 👉 Bluechip or stable. • Let your 25% left be your running bag. ▫️Moderate: • Investment increases by 100% 👉 $2000. • Take out initial investment of 1000$. • Keep the 1000$ left invested.

17. ▫️Aggressive: • Investment triples 👉 $3000. • Take out the initial $1000 👉 Bluechip or stable. • Keep $2000 👉 High-risk coin or original investment. As a bonus I remind myself to NEVER use leverage, only spot. This contributes to the system’s success.

18. ▫️Final tips and considerations. •There is no single profit taking strategy that is better than the rest. It comes down to your trading plan and strategy. I shared these strategies because they work for me..always find your personal way.

19. Your goal should be to play one cycle extracting more profits as you can in order to compound them in the next bear market. Many people fail in the markets because they want their coins to go to the moon, unrealistically. Don't be greedy and compound your profits.

20. •Take profits both to re-invest and live. Life is short, enjoy your time on this earth. Spend time with you family, friends, a vacation or whatever you want. Reward yourself for your hard work. Markets will not go away.

21. •Decide your profits. There are people who want to take profits in $BTC for the long term and people who take profits in $USD. This is up to you, your situation and how you see the market. I personally do both. Play your game.

22. •Avoid too much rotating. Taking profits does not mean rotating and jumping into new coins, at least not too much. Dumping a coin to chasing a new one will kill your chance to make money. Better wait for a correction.

23. •Remember that everyone is in the market to make money. Good teams/good coins, bad teams/ bad coins. Don't fall in other illusions. When you’re in profit, take it and remove emotional attachment to your bags. Sell and move on.

24. Do you need more help and want to grow? Follow the best! • @crypthoem • @CryptoGirlNova • @CryptoShiro_ • @Teaching_Crypto • @i_am_jackis • @rektdiomedes • @DreadBong0 • @MercyDeGreat • @chirocrypto • @crypto_linn • @cyrilXBT

That’s it! • If you found value in my thread leave me a follow @IamZeroIka for more crypto insights. • Do you think your friends can find it valuable? Jump on the first tweet and RT it! Thanks for reading, Zero.