NexusFi: Find Your Edge


Home Menu

 





How do you take Profit ? (Exit strategies)


Discussion in Cryptocurrency

Updated
    1. trending_up 1,514 views
    2. thumb_up 1 thanks given
    3. group 4 followers
    1. forum 2 posts
    2. attach_file 0 attachments




 
Search this Thread
  #1 (permalink)
 
OG65's Avatar
 OG65 
Taxhell Germany
 
Experience: Intermediate
Platform: .
Trading: DAX40
Posts: 44 since Sep 2021
Thanks Given: 24
Thanks Received: 23

Hey,

I am a BTC Trader mainly based on TA and Price Action in Timeframes such as 5 and 15.
BTC is very chopy in and has quik reversals. I feel like I dont have a good exit strategy.
Right now I am taking Profit when the previous support that became now resistance gets broken.
and if the resistance not break i am trying to add to the Position and so scale in more.

I feel like I am wasting a lot of Profit in the shorrterm.

If you guys have other exit strategies please feel free to share them!

regards

OG


Started this thread Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Trump Lands in Beijing on CPI Day: Iran Peace Expires To …
Prediction Markets & Event Contracts
Sundays Verdict: Lebanon Locked at 99.85% as Iran June 7 …
Prediction Markets & Event Contracts
Friday Update: Markets Now Pricing Fed Rate HIKES as Sta …
Traders Hideout
Thanks Mike. Godspeed.
The Elite Circle
El Clasico Draws $9.2M in Prediction Market Action -- Bi …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Big Mike in Ecuador
205 thanks
Sober Journey With S&P
21 thanks
30 Sessions
20 thanks
Volume Indicators
8 thanks
Thanks Mike. Godspeed.
7 thanks
  #2 (permalink)
karohm
Toronto, Ontario
 
Posts: 11 since Feb 2021
Thanks Given: 0
Thanks Received: 1

hey,

try fibonacci extensions, you should learn how to use them

Good luck


Reply With Quote
  #3 (permalink)
bob666s
Auckland + auckland/new zealand
 
Posts: 65 since Jun 2016
Thanks Given: 8
Thanks Received: 43


i take a bit off when cash price gets above estimated fair value, based on average productuon cost. Current fv estimate is at 49.2K~


Reply With Quote
Thanked by:




Last Updated on September 28, 2021


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts