I updated the spreadsheet after the video for added functionality: docs.google.com/spreadsheets/d/149lZuPbL0KE0U0P28gwFrkhT3kLH2lp1kle6oCNmmb4/copy Binance (-10% fees): www.binance.com/en/register?ref=HY9LOY8H Coinstats: coinstats.app.link/IKBtB4tN2bb 1inch exchange (defi aggregator+limit orders): 1inch.exchange/#/r/0xEa798e7d2317F1c68D0407fCb496690a08969647
I really love the strategy and of course this spreadsheet. I'm trying to analyze and learn it while watching this video. However, what happen to the calculation when I buy more coins, that means the amount of coins should increase right? Therefore, the target price should increase as well, am I right? I think there's one more column that needs to be added i.e. the current amount of coins? Can you elaborate more? Maybe I'm wrong...
Watching this and preparing the next bullrun! Trying not to repeat the mistakes I did during the previous one! Thanks Denome for this quality video (& spreadsheet)
Very insightful video, although most traders are searching for that elusive method where they never lose or can win eight or nine trades out of 10, amassing huge profits in a short amount of time with little or no risk.
Trading is like anything in this life...if you go unprepared, you will be burnt. only a few have turned $1,000 into hundreds of thousands. Most people will not
The thing is some strategies are extremely hard to understand and it’s not really easy to incorporate into my trading plan, it’s really exhausting tbh.
@@johanlars4250 it’s best you try out what works for you, understand it and stick to it. Trading is mentally tasking, you should probably get an expert to trade for you. Its a surer way to mitigate risk and earn while you learn
Having professional help is quite underrated in these parts, meanwhile most high networth individuals leave the hassle of trading to experts and make big bank every other year. Skepticism is often the killer of progress.
Absolute legend bro, this is the beauty of the internet when I can access such high quality educational content anywhere in the world. Thank you and God bless you bro.
It can pay off handsomely to think outside the box and go where many investors fear to go. Trading can turn on a dime and very few investors have generated a long-term competitive advantage day trading.
@@rohitmajumdar1579 absolutely, It’s best to always look for means to multiply money, with my FA Dan Raziel constantly identifying profitable positions to enable me earn from stocks and crypto trading, He’s helped build a portfolio of that has generated return of over $600k trade profits in the long run. I’m confident in the future performance of my portfolio.
@@blakemosley4647 With such diversity how have you been able to manage the risks, I’ve also considered investing in crypto alongside stocks but I’m not sure of the risks.
I agree with you mate... investing is the key to sustaining your financial longevity and not just any investment but investment with guaranteed returns like bitcoin trading
To earn more you are required to have a multiplied, diversified means of income, which is why investment in bitcoin especially is an avenue of making more money
Most failures on crypto investment usually happens when you invest without the proper guide and analysis of profits and risk percentage of the investment
So how does one get proper guide and the analysis you mentioned? Because I’ve incurred huge losses not because I’m not investing in the right thing but because i lack expertise
Great guide with useful tips! I just wanted to ask you how do you manage a position with multiple entry points. Do you average the price somehow and adjust the sell levels? Let's say you re-evaluate the potential of a project and would like to add more or to reinvest the profit made back in?
This is very good. But I find it's missing a very important component: how to behave when a coin goes DOWN. All your models are based on potential profits from a 18x price increase. Reality is that a lot of coins will tank before reaching such levels. I find that also having a strategy on what to do when the price goes down is important. You briefly mention DCA when price goes down, but this has a potential to ruin investors if the coin goes down 85%. There must be a point where selling down is better than DCA.
This was a video for profit taking. It's not called profit taking when a coin goes down. Then it's called cut losses. He even said in the vid he made another vid on DCA'ing
SOLID video, man. This is the kind of exit strategy video I’ve been looking for. That’s some good number crunching. Well done. Thanks so much for the spreadsheet, too.
A spreadsheet is a great idea..I always use one, with TA as a guide on where to take profits. A good spreadsheet makes you much more likely to pull the trigger when price hits your target as you've already outlined all the profits you're going to receive at every point. And it feels so good to have some money back in your pocket. Peace of mind. Also, it allows you the freedom to scale back into mini dumps for quick trades with some of the profits you've already taken out. Don't know if you have this in your sheet but I add a 'sell all' column will tells you how much you'd make if you sold everything at each point along the way...by comparing with the cumulative total of your incremental sale strategy, you can see that it's often not worth waiting until late to sell everything as you don't make that much more than a good incremental sale strategy for the extra risk associated. I know I'd rather have the profits banked and the sheet allows you to see it plain as day.
The exact info I was hoping to find - only in an even more thorough presentation!! I was just about to attempt making my own spreadsheet to figure this out. SO GRATEFUL for this learning! And the shared spreadsheet is just icing on the cake. THANK YOU, @denome! Another subscriber earned.
Hey denome, Amazing work you've done here. Not sure if you still check these comments but do you still use any of these strategies? Primarily the -20% every +50%? Thanks you
inspiring content! when it comes to investment, diversification is the key, that’s why I engaged in sectors based on projected growth. There are no shortcuts to getting rich but there are smart ways to go about it, venturing into cryptocurrency I think is a smart move, but still i have little experience about it, thinking I can get some inspirations on making profits in cryptocurrency. So pointers from anyone would be appreciated, no one is perfect.
I would have given a pointer on building a good investment portfolio, but is very complex, and since it is necessary i would recommend that you seek professional support, this way you can get strategies designed to address your unique long-term goals.
I'll recommend 'PRISCILLA DIANE AIVAZIAN" to you, She's really one of the best traders i've traded with. she will guide you on, and how to read the markets so you know the best times to take profits.
not surprised you mentioned PRISCILLA DIANE she is just so good and her professional strategies are really mind blowing. this is over a year i have been benefiting from her trading services.
I'm glad to see PRISCILLA DIANE AIVAZIAN mentioned here, my spouse recommended her to Me after investing $4000 and she has really helped us here financially.
This is EXACTLY what i was looking for! someone that made the calculations on the absolute best strategy on profit taking. And you have also different strategy's for different risk appetites. And i love how enthusiastic you are! This is super awesome and i will definitely implement this!
I have to honestly say that out of the multiple videos that I have watched about taking profit. This is by far the best one. There is a slight learning curve to the sheet but the math is what was really getting me confused. The other pain was going back through multiple exchanges to figure out how much money you actually put in. But I did it. Thanks a bunch for the step by step. Sent BTC donation. Appreciate your time in putting that together
Hi Denome - thanks for the vid and the explanations! I was wondering if you cloud clear some questions of mine! When the price is up and you sell following your strategy - I am not to understand when do you buy? Let's say you bought ada at 0.32 and your first sell is at .48. if it goes back to 0.32 you dont rebuy? or do you only buy under the price you bought ?
Hi mate. This is great, thank you so much. Just wondering, are the target prices based on fib take profit levels? Just wondering if I can just use this spreadsheet to input my limit sell orders or if I also need to use fib levels too?
Thanks for the content. I would add price going down as well to measure how much you limit your losses with the models. Best case you add the curves of maybe five different coins, similar to what you may use the models for, to compare to realistic cases. What I mean is how well the models would hold up if a coin for a example goes up 3x, then down 25%, then up again 50% and then maybe flattens out. Do you mean that even after 18x you would keep 40% in the coin? That seems very high to me 😊 What you refer to as a loss, you could call "divergence from maximum gain" or something similar. I am sure that there is an expression for it that we do not know 😉
OMG... You angel! I was just about to start doing my own calculations when I found your video... Can't wait to try it out. Honestly, I wish I had more thumbs to up.
Fantastic video. I’ve watched many videos and read many articles on profit taking. This is by far and away the clearest, most logical and best explained. We have now based our profit taking strategy very closely on the method you have outlined here. Many, many thanks!
Hi. Thanks for this video its really awesome!!! In that excel sheet you made with 5 target prices, how can i add some more target prices ? Sorry I’m not too experienced with excel but I love this sheet but would like to have more columns for target prices.. many thanks 🙏
This is incredible! Thank you for all the time this must have taken you, as well as for your knowledge! One question - if you're buying the dips over time, you're buying the same coin consistently at different price points. Is there a way to factor that into the equation that calculates the 50% targets at which we should sell? For a 1 off purchase, the spreadsheet works perfectly, but for an ongoing accumulating investment, the purchase price is always changing? Thanks so much! x
Great ccontent! Thank you so much!!! What would your recommendation be if I didn't take profits early and the price keeps going up? Would you take "accumulated" sells thus far?
This is awesome! Thank you so much! I think the only problem with a 1k investment are the extreme high gas fee’s atm for ERC (currently around $200). Do you have any suggestion for me?
Thanks for putting this explanation video and fantastic Google Sheet together! Found you from TikTok video and here now learning and (hopefully) earning! One question -- when I am playing with the Sheet and using a very low price coin (0.00000198) and inputting data on Sheet 1... The "Price USD" column shows only "0.00" even though in the function box at the top I can see the correct value 0.00000198 is there. And the "1st Target" and "2nd Target" (etc) all still show only 0.00 as well. Can the sheet/formulas not handle these lower priced coins or am I missing something? Thank you sir!
Hi, excellent video but what to do in case of a long term hold. Like coins with potential to grow like 100x or the moonshot coin/token that we are holding? Is it okay to take profit for those as well? If yes, then necessarily we are minimizing our million gains, no?
Awesome SSpreadsheet! The DCA confuses my cavemen brain though. DCA1 for example. Dollar cost average. So you buy more when the price dips down to the amount in that column?
great video! so I have a question, if you add to an original investment, how do you add that to the chart and take profits...wont the original percentage will be skewed by the later adding of coins at a different price?
What if you do decide to keep dollar cost averaging in as the price is still rising? Do you just increase the amount of coins you pull out when you hit your targets?
I’ve been thinking about this, too. My guess is that you just need to make sure you’re putting in more than you’re taking out or - to put it the opposite way - make sure you’re taking out less than you’re putting in. I wouldn’t take profits around the same time you’re buying in. Maybe buy in one month and take profits the next and alternate between the two. Say you buy $1K in June and take out $500 in July, y’know? Something like that. I’m no pro at this, though. I’d be interested to hear what he thinks, too.
Hi denome, quick question ~ You've used $1000 as an example in the tables you've set up in that spreadsheet. Do I change the values I've invested eg $750 under the headings "Otherwise" & "In Coin" to see the profits change?
One of the momst informative videos I've watched! Thank you! And a free spreadsheet, what a guy!! I have just started trading and wanted to know how to maximise the profits and this was very helpful and now I feel less like I am winging it!
What a great video. Many thanks for sharing your valuable research and template. I've a question. How do I take my profit? By closing a part of my positions OR make a withdrawal request (when reaching a specific level) and let al my positions run? I do not own digital coins but I speculate on the chart/course.
Thanks for the breakdown! 🤔 I have a quick question: 🤷♂️ I only have these words 🤔. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What should I do with this? 🤷♂️
This is the best explanation hands down! I am an excel geek and will track the formula to completely understand. I appreciate all the effort and esp. not considering to sell this. You are stand up person!
Figured Id ask you Rafael - On the excel - what is first target (dollar value ) vs first target sell (no dollar value there) - what is the difference ?Is the first (and 2nd and so forth) target sell for the number of cryptos that I need to sell? Thanks
