Joel Peterson

Joel Peterson's avatar
Joel Peterson
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Husband. Father. Entrepreneur. Founder of TheCryptoCode.com and NeverDiet.com. I quit my cubical job 22 years ago. Follow me if you are ready for change!
Always be ready to take your profits! image One of the biggest mistakes I see with crypto traders is they donโ€™t prepare in advance to take their profits. They donโ€™t look at the charts. They donโ€™t look at liquidity levels. They may see profits but not realize them. Take those dang profits and move your stop loss into the profit zone to lock gains in. Just as fast as crypto can pumpโ€ฆ it can dump. Again this is scalp / short timeframe trading. Not long term DCA. And as this trade is getting ready to take profits you have your next trade (a short) ready to play out!