Scott Debevic
Sep 23, 2024

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Hey, Tom. Thanks for the feedback and taking the time to read/comment on my article.

Profit taking is hard in crypto. For me, it depends on how much I invest, what the market Cap is, and how much confidence I have in the story.

In this example, I got lucky and BLUB, doubled within 1 week of my purchase. I sold 30% of my bag and am holding onto the rest.

I used the 30% for other speculative plays, And if the price of BLUB goes off, I may trim my bag more. But, I typically like to keep 25% in case it does a moonshot.

If there were a one-size-fits-all profit taking strategy, we'd call be using it and it would stop working. I think the most important thing is taking some of what the market gives you.

Sorry I can't be more precise.

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Scott Debevic
Scott Debevic

Written by Scott Debevic

My goal is growing wealth and earning passive income. Mainly focused on Bitcoin and crypto. Feel free to contact me at: scottdebevic@gmail.com

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