How do you decide the right time to take profits from your financial investments?

[Fidelia]

A lot of people make losses in their investments, not because the investment was bad, but because they didn't know when to take profits.

How does one know when to take profits from their financial investments?

 

[Suba]

Essentially, as investors, we should adhere to the principle of buying low and selling high. So, as long as the price drops, we should hold on and not sell, as is the case with Bitcoin's current price. I would sell if I predicted the price would peak.

 

[Augusta]

The best time to withdraw money from your investments is actually be once you've reached the financial goal you started with.

 

[King Belieal]

Every investment should realistically have a target of taking profits when the investment has been able to garner up to 30% yield. That's the average though.

 

[Fire&Rain]

Take profits when you’ve hit the goal you set, or when holding longer feels more like gambling than investing. Don’t wait for just a bit more, that’s how gains slip away.

 

[Augusta]

The right time to take profits is when you want to use the money. If you're wondering when the right time is to maximize your profits, to take something big