💸 My Strategy For Taking Profits

3 steps to prepare for the bull run

Hi Investor 👋,

I’m Luca and welcome to a new edition of Altcoin Investing Picks.

In today's post, I want to share 3 actionable steps to help you take profits in crypto.

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My strategy for taking profits

Fear and Greed Index for crypto hit an 18-month low when $BTC was $26k (September 2023).

Small alts are bleeding while BTC has broken its ATH recently.

Some experts say altseason is not even close. Others say it’s about to start.

Where is the truth?

Unfortunately, in this market, no one knows what happens next.

But this doesn't matter.

Your goal as a trader/investor is to follow the data, set realistic expectations, and build a plan to reach your goals while managing risk accordingly.

I spend dozens of hours every week studying trends, analyzing the data, and researching new profitable opportunities.

But what never changes is my strategy for taking profits.

Whether you’re holding or trading, mastering the art of taking profits is one of the most important skills you must have.

In today's post, I packed all my knowledge into 3 actionable steps to help you take profits in crypto.

Let’s dive in!

1. Think in probabilities

We all want to get rich with little effort and in a short time.

But making profits requires discipline and, above all, reasonable expectations that allow us to turn our investment ideas into actionable numbers.

As Ray Dalio says, “anything is possible, it’s the probabilities that matter.”

Everything must be weighed in terms of its likelihood and prioritized. People who can accurately sort probabilities from possibilities are generally strong at “practical thinking”; they’re the opposite of the “philosopher” types who tend to get lost in clouds of possibilities.

Here’s the uncomfortable truth about investing: If you can’t turn your investment ideas into probabilities and expected outcomes, you’re probably not ready to invest.

Mastering the ability to “think in probabilities” is a superpower for investors, entrepreneurs, and anyone who has to make important decisions with clear eyes.

How to do it:

1. Prepare a list of potential outcomes for the decision at hand.

2. Assign a probability to each outcome.

3. Make a decision based on probabilistic thinking.

Example: