Why You Need A Crypto Exit Strategy!!!

So everyone does Tony Ginny crypto in this video we're gonna be talking about cryptocurrency exit strategies and why you should have one planned out and ready to go to get optimal profits from your investments so before we get started I do appreciate if you guys like the video subscribe to the channel if you haven't already hit the bell to be notified when I release cryptocurrency videos. So in my opinion it's very important you guys have an exit strategy planned and ready to go know exactly where you want to sell what percentages of your investments at what price just so you can get optimal profits on your investments I actually made this mistake previously I was dollar cost averaging throughout 2017 and when we did hit that people ran.

 I didn't take profits where I should have and I ended up writing down all the way back down like many other people did so it was very brief everyone was claiming the price of crypt is what's going to keep skyrocketing and everything people are calling for 50000 big coin at the time $10 X. R. P. and so on and I think started crashing very quickly because the crypto space just wasn't prepared at that time so this time around I do have an exit strategy planned I'm gonna share with you guys as well as go over what an exit strategy is exactly by definition also if you guys want to learn more about cryptocurrency and get more guides I do have a playlist here on my channel I highly recommend going through these videos learn how to decrypt it taxes in minutes learn how you dollar cost averaging for long term success been very successful with this over the bear market also major tapes and everything so definitely check and added to this playlist as well are you guys so before we get into my exit strategy let's discuss what an exit strategy is by definition on https://cryptocurrencyinvest2021.blogspot.com/ a great website to learn about investing in general so what is an exit strategy and exit strategy is a contingency plan that is executed by an investor or business owner to liquidate a position in a financial asset once a predetermined criteria for either has been met or exceeded. 

• digital asset investor
• So exit strategy is to limit losses also an exit strategy may
• also be executed when an investment or business venture has met 
• its profit objective other reasons for executing an exit strategy 
• may include a significant change in market conditions due to a 
• catastrophic event legal reasons such as a state planning liability 
• lawsuit or divorce or for the simple reason that a business owner or investor
• is retiring and wants to cash out so you not only want
• to have an exit strategy planned and ready to go to take profits
• on your crypto investments but also to prevent too big of a loss and limit
• your losses some people get so emotionally attached
• to certain cryptos that they can't admit defeat and they
• just write it all the way to the bottom and then still hold it.
• Then at the same time there's other investments that are gaining
• value very quickly so there are not only losing
• value on their investment but they're also missing opportunities
• on other investments at the same time because they get emotionally 
• attached to the project.