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.

Devot Christian || Product Manager || Customer success manager || Diehard Arsenal fan ||  who is passionate about leadership  😊😊

Actually C. There is no guarantee of huge profits.

I figured as much because you are usually correct ! 😂