Sense

Crypto Lesson with /sense 

What Is a Profit-Taking Plan?

It’s a simple game plan for when and how much of your crypto you’ll sell as the price climbs. The goal?
👉 Lock in gains before the bubble pops.

How to Build a Profit-Taking Plan 

Set Target Levels
Pick a few prices where you’ll take some profits.

Example if you bought $PENGU at $0.03

Sell 20% at $0.05
Sell 20% at $0.08
Sell 20% at $0.10
Sell more if it keeps going
This is called laddering out.

Don’t Try to Sell the Top
You won’t guess the top perfectly , nobody does.

That’s why you take profits gradually on the way up, not all at once.

Use a plan, not emotions. A plan keeps you from :

Getting greedy
Panicking
Missing your chance to cash out

For me personally, I find it best to write my plan down in a notebook where I can reference it quickly. It helps to keep me accountable to my plan and not be swayed by market conditions.

A special welcome here to @iirina who is @tashacrypt.eth mom ! 🙌🫶

Crypto Quiz with /sense 

Which of the following statements is not true about a profit taking plan ? 

A - Removes emotions from decision making

B. - Sets clear goals for profit taking points

C - Guarantees huge profits

D - Eliminates trying to time the top perfectly

Hodler exploring web3. Solana airdrop farmer, bitcoin solo miner, Helium network miner, and Medium blogger. Sense channel mod.

entered the world of farcaster, discovering something new ✨ 
I'm glad to find friends here☀️
 I learn about the world through photos and videos🌅

Tasha said that she didn’t give you a cheat sheet. 😂😁🥰🥰❤️

super😃👌 this is very interesting, thank you👋😃

You are absolutely right dear ! 😁 You and Tasha both got it right 🥳🥳🥳🥰❤️