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Having an exit strategy in crypto investing distinguishes an investor from 90% of others.
Here are 3 strategies:
Conservative Strategy: If your investment increases by 50%, you can pull out 75% into blue chips [BTC|ETH] or Fiat, while keeping 25% of your original investment in the market.
Moderate Strategy: If your investment doubles, you can move 50% to blue chips or Fiat and withdraw the remaining 50%, splitting it between your original investment and a new project.
Aggressive Strategy: If your investment increases by 150%, you can move a third of your gains into blue chips or Fiat, while pulling out 2/3 and dividing it into the original investment, liquidity pool, and new projects.
In addition, these are 4 essential factors that can make or break your strategies:
Evaluate the Cycle: Profits should be taken into blue chips contextually, depending on whether we're early/mid-cycle and not at the top, unless you wish to hold BTC regardless.
Avoid Excessive Rotation: Profiting doesn't mean constantly rotating and jumping into new coins, as this can hinder your ability to make money. Evaluating the chart before making any new moves into another project is advised.
Maintain the Correct Attitude: Your goal should be to maximize profits in one cycle and compound them in the next bear market. Unrealistic expectations of coins "going to the moon" can lead to failure.
Discipline: The strategies will only work with strict discipline. If you're in profit, respect the plan despite emotions or outside influence.
However, there is no perfect strategy which is what we must all bear in mind. The point is to create a system/plan that you feel comfortable with, which can be adapted based on your preferences