For the first time I practice selling profits and am so happy about it. I took two chunks while it was rising and saw it fall after some negative came out. Old strategy was just to keep hodling and ride it out. Happy to take those profits and put it into the next coin
Look, there’s a time and place for HODLing, but some people are obsessive with it and it could easily backfire. Hypothetically, if I was one of the Chosen Few who mined/bought way back in 2010, you better believe I’d have sold at least half of my stash in 2021 during the peak, let the rest ride, and carried on with life as a millionaire/billionaire. Once you’ve won the game, GTFO. The house doesn’t always have to win, but people get hung up on FOMO and they ruin an unbelievable blessing!
Hes the only one who nailed it I lost out on about 4 grand just holding and watching it go down o got a stategy he didnt mention just take out profits whatever you made besides your initial investment everytime it goes up by like 20 dollars 15 dollars that way you made money so when it goes down you still made some money to do whatever or buy more if it dips
I love your videos on crypto. They are informative, well-structured and easy to understand. I also like your practical approach, many others just clickbait and make everything into urgency and drama and they stress me out. A huge THANK YOU from me for keeping me sane during the ups and downs.
It is January 2023 and I am watching this video for the first time! Thank you so much Max. It truly has shined a light on the options per trader accordingly etc I will use this as a simple tool moving forward 😎Bcool
What about taking 2 sections out and leaving the third? Example: $1,000 invested turns to $2,000 then remove initial investment. Repeat once more to take some cream and leave the rest to grow if you still believe in the project.
I love the break down on taking profits, so thank you! However, what if you are DCA buying in to a coin for longer term (1-2 yrs) but also want to take profits from time to time along the way, how does that work? Any insight would be appreciated!
Hi Max, you addressed a lot of fundamental concepts for me as a beginner that I didn't fully understand, thank you so much - you're a great teacher! Subbed
I've been lucky to get in the market doing these volatile times. DCA in; mostly ADA, following Kyle like you mentioned; watching the support and resistance levels. Learning how to use line chart seems to be more of a learning curve. At least conceptually. The patron group is incredibly invaluable!
Very informative as always... amazing presentation... wish I knew about this before I got into crypto... the only strategy I had was sell at the very top lol...
If you use the dollar cost average method to invest and then you sell a portion of your holdings of a certain coin, how is your cost basis determined? Can you pick which "share" you are selling to minimize your capital gains tax? In other words, if you bought some Bitcoin when the price was $30k and you also bought some at $40k, but then sold a chunk - can you say that the chunk you sold was the one that cost $40k so your gain is less?
SIMPLY AMAZING VIDEO BROTHER!!! Not all technical and VERY easy to understand!! As a total NOOB to crypto even i understood it and basically wrote it all down as well haha. BEYOND HAPPY i found your channel friend!!! Will absolutely be watching more in the future to learn more with out alot of the TA lingo that new people just dont understand yet. Keep up the "Crypto 101 for dummies"!!! lol (maybe you should creat a library name called "Crypto 101 for dummies" and "dumb" down everything in simple terms and have it all in one place on your channel hahaha Much love and appreciation for what you do bud!!
@@MaxMaher Yeah, Max,, You are Truly a Good Human Earning Your way While Helping us Poor Folks trying to better provide for are Loved ones. I gotta say, it would be a privilege for anyone that is your friend or family. Your a Awesome person my friend providing the Internet's Most Trust Worthy Value in a Visually intriguing way that makes it easier to understand instead of boring a$$ plan paper reading to get a solid basic understanding of who, what, were & ween. It's a privilege to support you and I can only hope to afford your monthly when available, well,, Please have a Great Rest Your Day Max... Brian...
Great content, as always! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
GREAT VIDEO! I'm definitely in that last category, but it's been fun & interesting watching my crypto portfolio grow, tossing in $10 here, $5 there, and maybe $20-30 monthly towers something elsewhere. Been doing this since Jan if this year & so far I've seen about 18% returns on average, which is pretty cool! Your videos have definitely been a good help on all this.
Missed the DeFi strategy -- where you add the assets to a liquidity pool and slowly DCA from one to another as the price increases. And minting stablecoins or other tokens against your digital assets.
Awesome video. I think the Gemini exchange allows for buying and selling the way you described in your video. They have been around a long time too. Great content here Max 🤙🏼
Taking profits was something I belabored the right strategy for a while. What I think I'll do is withdraw 4% per year after I reach a nice number. This will give me residual income, allow me to take yearly profits, without affecting the principal too much, or maybe not at all.
Thankfully, my first foray into this space, I managed to sell at the top. I then managed to also see the bottom and repurchased. But I only repurchased on the gains, so I am playing with "house money". But you are right...it IS difficult to time the market, especially when there is so much unknowable information such as what the feds will do. So my strategy at this point is dollar cost avg in and out in a fashion while keeping an eye on TA. Also, regarding those alts in gaming? how do you know which ones will be popular? will they stay popular? I decided instead to diversify in the underlying tech. We'll see how that turns out! I wish you all luck!
Hey Max, is there any way we can get that chart you were displaying? Maybe in pdf format? If it's only for patrons, how would we find it on your patreon?
Good Afternoon Max!! Great video as always, thank you for all you share!! Have a wonderful and blessed day!! Blessings to you and your businesses and all that you do for everyone on teachings! Be careful and safe!! 😍🤗💖❣️🌟💯
The fact that so many crypto exchanges don’t support basic stuff like limit orders and stop losses which pretty much every stock broker has, really annoys me. I’m on BitPanda and Coinbase, and neither do! Limit orders in particular would be so nice, but at most I get a price alarm which feels weirdly low-tech.
75% of my portfolio is in a hardware wallet for long term trading. The other 25% I keep on an exchange where I play around with short term. One of my short term 2Xd the other day. I cashed out 75% of it. It's on the verge of 3X. If that happens I will cash out another 10%. The last 15% will stay til I hit 5X or better. Not sure if that's a good strategy or not. But it's fun to mess with.
Hi. When we sell, is it better to sell for usdt, usdc and keep those stablecoins untill we want to convert those to fiat and cash out..? I'm thinking, if we should have high gains and don't really want to pull all that cash out, is it safe to keep stablecoins for long..? Thanks to anyone answering.
Yes, converting to stablecoins can help lock in profits. In terms of safety, as long as you trust the platforms you're using, it should be fine. Diversification is key though!
Thank you SO much for this! I have minimal investments and am in for the long run, but I want to at least analyze things better to know if I can take out even a tiny bit….if need be. I haven’t watched yet but I’m eager to…the question I’ve been asking myself as a newbie.
What if you buy gold and silver with crypto would that be considered trading and ot selling then you could just cash out selling your gold coins at pawns shops and gold buying places
do you have any strats for people who have just started and are invesitng 100$ a month? I'm trying to do a 30 30 20 20, 30 BTC, 30 ETH, 20 one big coin, 20 smaller ones in hope they do a x100 to invest back into BTC. is it sound?
The strategy I seem to be developing I'd that I. In it for the long run but have very low funds. So, I am trying to swing trade to make more but since I am in it long. I don't worry so much if it dips and I didn't sell, I'll just wait. It gives a lot more freedom with the mental aspect.
. . . . . . Max maher. Or anyone on these comments. Plz help. I am an extremely green crypto investor. So I am trying to take profits at the moment. But i only want to take my winnings. Why does my crypto amount go down?? Shouldn't my original investment stay the same? And simply be able to pull out my winnings?????
If I take out my initial investment and ride the wave.. does that mean I won’t be able to reinvest in it again? What if something like ETH. bought it for $1200 and now it’s at $4k+ and I plan to continue to DCA into it.. does it make sense to ever pull out profits?
This is not financial advice but if you prefer pulling out profits to invest on other coins, I suggest you do not pull out the full amount probably only a percentage.
You know how at the end of a Bond movie, the villain starts a monologue that gives Bond enough time to escape? Bond doesn’t beat the villain, the villain beats themselves. The villain had the movie won, until they waited too long to finish. Your investment is Bond, and you are the villain. If you wait too long and monologue, it’ll get away from you and you’ll defeat yourself. Don’t do that! Win! Pull the trigger and then gloat AFTERWARDS.
Lately I've been wondering why Max has mainly been only posting crypto currency videos. Then I seen his view counts on those videos & just this month alone he's averaged a little over 100k views per crypto currency video. I'm not a crypto investor so these videos don't pertain to me but damn I'm still happy for Max getting those views.
Hello , I wish to start investing but i dont know where to begin. Any advice or contact for help?
As a beginner, it's essential for you to have a guardian to keep you accountable. I'm guided by Evelyn Elaina Nala
You need a pro or someone good at navigating the market. Someone like Evelyn Elaina
Almost gave up due to constant losses, but Evelyn turned my luck around
Same here. Evelyn managing my portfolio was my best decision. I have withdrawn over $280k
Meeting Evelyn changed my life. I was struggling to make rent now im looking at houses to buy
For the first time I practice selling profits and am so happy about it. I took two chunks while it was rising and saw it fall after some negative came out. Old strategy was just to keep hodling and ride it out. Happy to take those profits and put it into the next coin
Look, there’s a time and place for HODLing, but some people are obsessive with it and it could easily backfire.
Hypothetically, if I was one of the Chosen Few who mined/bought way back in 2010, you better believe I’d have sold at least half of my stash in 2021 during the peak, let the rest ride, and carried on with life as a millionaire/billionaire. Once you’ve won the game, GTFO. The house doesn’t always have to win, but people get hung up on FOMO and they ruin an unbelievable blessing!
This video made my life a whole lot easier. The flow chart is sooo helpful. Thank you so much Max!
Max loves a flow chart……..
Just saying
Just discovered you. Glad I did, you have a lot of straight-forward no sensationalized info...you have a new subscriber, thank you!
I’m a investing newbie & this video was soooo educating thanks so much! Been searching for someone who teaches how to “collect profit along the way”
Glad it was helpful, April! Welcome to the community!
Hes the only one who nailed it I lost out on about 4 grand just holding and watching it go down o got a stategy he didnt mention just take out profits whatever you made besides your initial investment everytime it goes up by like 20 dollars 15 dollars that way you made money so when it goes down you still made some money to do whatever or buy more if it dips
The first video I have found that breaks down strategies and explanations in layman's terms. Excellent. Thank you very much.
You're very welcome! Glad it was helpful :)
I love your videos on crypto. They are informative, well-structured and easy to understand. I also like your practical approach, many others just clickbait and make everything into urgency and drama and they stress me out. A huge THANK YOU from me for keeping me sane during the ups and downs.
Happy to be of assistance :)
You forgot the most important and useful one in the long-term HODL investor... HODL+Staking! or HODL+Lending! Otherwise GREAT work on this video!
EXCELLENT advice about having separate accounts. 1 for long term and 1 for smaller trading positions. Thank you sir!
Thank you so much, I was really looking forward for this kind of video. Quite simple, but it will be really useful.
Can we get a pdf of the whole flowchart pleaseeee??? :)
@UCAOKEagulma4M9DQFiVnh3w thanks
@UCAOKEagulma4M9DQFiVnh3w thanks
Yes Please can you make this available
I co-sign this request!
It's all there just write it out yourself maybe?
It is January 2023 and I am watching this video for the first time! Thank you so much Max. It truly has shined a light on the options per trader accordingly etc I will use this as a simple tool moving forward 😎Bcool
What about taking 2 sections out and leaving the third?
Example:
$1,000 invested turns to $2,000 then remove initial investment.
Repeat once more to take some cream and leave the rest to grow if you still believe in the project.
yes this is a good way to do it,
Fantastic video! Is there anyway to get a copy of the chart? Thanks!
I love the break down on taking profits, so thank you! However, what if you are DCA buying in to a coin for longer term (1-2 yrs) but also want to take profits from time to time along the way, how does that work? Any insight would be appreciated!
Was wondering the same !
been watching the vlog for the fourwheeler PR vid..... should I stop checking?
Hi Max, you addressed a lot of fundamental concepts for me as a beginner that I didn't fully understand, thank you so much - you're a great teacher! Subbed
Thank you for subscribing, and happy to have you on board! 🙌
How about paying taxes? Does it make this method worthwhile?
I've been lucky to get in the market doing these volatile times. DCA in; mostly ADA, following Kyle like you mentioned; watching the support and resistance levels.
Learning how to use line chart seems to be more of a learning curve. At least conceptually. The patron group is incredibly invaluable!
Max, I am impressed by your intelligence an diligence. Just subscribed to your channel
Thanks for watching
Write me
^^^^^
Very informative as always... amazing presentation... wish I knew about this before I got into crypto... the only strategy I had was sell at the very top lol...
Just brilliant. Thanks Max.
This is great. thank you for sharing
i keep coming back to this
I'm a newbie.. this was extremely helpful!! Thank you.
Glad I can help! Welcome aboard, Cayce!
If you use the dollar cost average method to invest and then you sell a portion of your holdings of a certain coin, how is your cost basis determined? Can you pick which "share" you are selling to minimize your capital gains tax? In other words, if you bought some Bitcoin when the price was $30k and you also bought some at $40k, but then sold a chunk - can you say that the chunk you sold was the one that cost $40k so your gain is less?
This is the exact answer I was looking for. Thank you very much.
My pleasure! Glad I can help!
This is so beneficial and I'm with you on being excited to see who's top dog in the next decade.
Thanks for watching
Write me
^^^^^
SIMPLY AMAZING VIDEO BROTHER!!! Not all technical and VERY easy to understand!! As a total NOOB to crypto even i understood it and basically wrote it all down as well haha. BEYOND HAPPY i found your channel friend!!! Will absolutely be watching more in the future to learn more with out alot of the TA lingo that new people just dont understand yet. Keep up the "Crypto 101 for dummies"!!! lol (maybe you should creat a library name called "Crypto 101 for dummies" and "dumb" down everything in simple terms and have it all in one place on your channel hahaha
Much love and appreciation for what you do bud!!
Well done Max. I knew these strategies but it never hurts to brush up.
SCAMMER ABOVE!!!
This is why Max is the best. Thank you thank you thank you!!! This is huge info for me right now!
What an amazing video! This has really helped out! Thank you so much for making this video 📹 💗
You are so welcome!
@@MaxMaher Yeah, Max,, You are Truly a Good Human Earning Your way While Helping us Poor Folks trying to better provide for are Loved ones. I gotta say, it would be a privilege for anyone that is your friend or family. Your a Awesome person my friend providing the Internet's Most Trust Worthy Value in a Visually intriguing way that makes it easier to understand instead of boring a$$ plan paper reading to get a solid basic understanding of who, what, were & ween. It's a privilege to support you and I can only hope to afford your monthly when available, well,, Please have a Great Rest Your Day Max...
Brian...
New to investing. If i put $500 on bitcoin or any other coin and lets say i made $20 in profit $520. Can i sell the $20 profit and hold the $500?
Max I want to thank you for everything.
Thank you too bro!
Really been enjoying your content, it's like taking financial advice from Tom Brady, I can't unsee it!
really helped, thanks max
Great content, as always! I have a quick question: My OKX wallet holds some USDT, and I have the seed phrase. (air carpet target dish off jeans toilet sweet piano spoil fruit essay). Could you explain how to move them to Binance?
Suddenly your channel became my second favorite channel after Coin Bureau.
Thanks for watching
Write me
^^^^^
Great video. Is the chart available for download?
Profit taking flowchart on Finova discord!
finova.finance/plans/
discord.gg/9wSVmT2ewU
What is your opinion on crypto bots for buying/ selling to accumulate more of an asset?
Great stuff as always 👍
Hi Im in Australia, asking which exchange is the best for stop loss etc thanks ,
Unfortunately I haven't use any exchanges that offer it.
Swyftx
Very informative video Max!
One if the best videos
GREAT VIDEO!
I'm definitely in that last category, but it's been fun & interesting watching my crypto portfolio grow, tossing in $10 here, $5 there, and maybe $20-30 monthly towers something elsewhere. Been doing this since Jan if this year & so far I've seen about 18% returns on average, which is pretty cool! Your videos have definitely been a good help on all this.
Awesome returns!
I'm doing the same, also my country is in crisis bc of the elections so I better keep the money off lol
Dude every time I watch your video I'm reminded of edge from WWE
I always enjoy your clear, concise tution method.
Glad you like them!
Missed the DeFi strategy -- where you add the assets to a liquidity pool and slowly DCA from one to another as the price increases. And minting stablecoins or other tokens against your digital assets.
I might have to put together a more advanced video with techniques like this. What platform do you like to use to provide liquidity?
sensible advice. Good work
Thanks for watching
Write me
^^^^^
Awesome video. I think the Gemini exchange allows for buying and selling the way you described in your video. They have been around a long time too. Great content here Max 🤙🏼
Thanks for watching
Write me
^^^^^
Bitcorn and Bootycoin to the Moon 🚀🚀🚀🚀
Digital grains for trade. Sec compliant.
I thoroughly enjoy the comments on these videos as much as the content itself LOL!! Max replying makes it all the more enjoyable to read :-D
Glad you enjoy it!
Taking profits was something I belabored the right strategy for a while. What I think I'll do is withdraw 4% per year after I reach a nice number. This will give me residual income, allow me to take yearly profits, without affecting the principal too much, or maybe not at all.
Thanks man!
This is very helpful.
Thanks for watching
Write me
^^^^^
Thankfully, my first foray into this space, I managed to sell at the top. I then managed to also see the bottom and repurchased. But I only repurchased on the gains, so I am playing with "house money". But you are right...it IS difficult to time the market, especially when there is so much unknowable information such as what the feds will do. So my strategy at this point is dollar cost avg in and out in a fashion while keeping an eye on TA. Also, regarding those alts in gaming? how do you know which ones will be popular? will they stay popular? I decided instead to diversify in the underlying tech. We'll see how that turns out! I wish you all luck!
Yeah, DCA + TA is a great strategy especially if you're in it for the long term!
Gaming NFTs: ruclips.net/video/b_mlbSYZX88/видео.html
Hey Max, is there any way we can get that chart you were displaying? Maybe in pdf format? If it's only for patrons, how would we find it on your patreon?
when selling do I just cash out? Or is there a more savvy / tax friendly way of doing so?
You have options Matthew!
ruclips.net/video/IND_WQkoxlE/видео.html
ruclips.net/video/J9-VsWNv0vc/видео.html
very good strategies , thanks
Glad i have been able to provide value!
where i can find the picture ? to have it in order to explain others
Your content is awesome.
I appreciate that!
ON THIS DAY, I SEE CLEARLY, EVERYTHING HAS COME TO LIFEEEE !!!!!!
Buy high sell low 🙌🏻
You look like Edge , good video mate .
Good Afternoon Max!! Great video as always, thank you for all you share!! Have a wonderful and blessed day!! Blessings to you and your businesses and all that you do for everyone on teachings! Be careful and safe!! 😍🤗💖❣️🌟💯
thanks man!
Happy to help bro!
Thanks for the video it really gave me a more of a conceptual stand point . Very practical
Awesome! I've got you 👍
Still good advice haha 💯 hello from 2022
Haha hey!
The fact that so many crypto exchanges don’t support basic stuff like limit orders and stop losses which pretty much every stock broker has, really annoys me. I’m on BitPanda and Coinbase, and neither do! Limit orders in particular would be so nice, but at most I get a price alarm which feels weirdly low-tech.
75% of my portfolio is in a hardware wallet for long term trading. The other 25% I keep on an exchange where I play around with short term. One of my short term 2Xd the other day. I cashed out 75% of it. It's on the verge of 3X. If that happens I will cash out another 10%. The last 15% will stay til I hit 5X or better. Not sure if that's a good strategy or not. But it's fun to mess with.
Hi. When we sell, is it better to sell for usdt, usdc and keep those stablecoins untill we want to convert those to fiat and cash out..?
I'm thinking, if we should have high gains and don't really want to pull all that cash out, is it safe to keep stablecoins for long..?
Thanks to anyone answering.
Yes, converting to stablecoins can help lock in profits. In terms of safety, as long as you trust the platforms you're using, it should be fine. Diversification is key though!
@@MaxMaher - Thanks Max..!
You're awesome..!
Thank you SO much for this! I have minimal investments and am in for the long run, but I want to at least analyze things better to know if I can take out even a tiny bit….if need be. I haven’t watched yet but I’m eager to…the question I’ve been asking myself as a newbie.
Thanks for watching
Write me
^^^^^
this reply is a fake!
So you tell me how to take profits but still NOTHING on how to get luscious hair like yours?!
Profit first, hair second
Don't trim just hodl dude!!!!✌️😅
Where can I buy Bit Corn??
VERY important information here. Keep it up Max
Great video. I'm hodling everything I'm buying for 9 more years.
Thanks for watching
Write me
^^^^^
that is the better exchange in UE with low taxes?
I need to see the difference between a bond or stock and crypto currency and which can possibly be best
Stocks: ruclips.net/video/HjnzmfQv-zs/видео.html
Crypto: ruclips.net/video/gvirVWH3QDI/видео.html
Thank you, vey useful
Glad it was helpful, Ken!
Dude you are a god send. I've never heard anyone explain this as clearly as you did. Lol! I appreciate ya sir and Thanks. 👊🏽
I've got your back David! 👊
@@MaxMaher definitely appreciated 🙏🏽
I've been doing "chunks" and didnt know it was an actual strategy. I feel smarter. Lol. Thanks for another great video!
Anything can be a strategy if you plan ahead of time :)
do you have a chart that show how much to sell to get your investment back?
. ie. like sell 50% with 100% gain.
Gain required to makeup for loss:
-10% = 11%
-20% = 25%
-30% = 43%
-40% = 67%
-50% = 100%
-60% = 150%
@@MaxMaher Not for losses, but for gain. How much to sell per percent gain. to let the profits ride and keep the initial investment
What if you buy gold and silver with crypto would that be considered trading and ot selling then you could just cash out selling your gold coins at pawns shops and gold buying places
Thanks for watching
Write me
^^^^^
This is great thank u 🙏
You are so welcome, Jared!
Can you set limit sales or buys in Coinbase?
Doesn't ByBit have the trailing stop loss feature?
do you have any strats for people who have just started and are invesitng 100$ a month? I'm trying to do a 30 30 20 20, 30 BTC, 30 ETH, 20 one big coin, 20 smaller ones in hope they do a x100 to invest back into BTC. is it sound?
The strategy I seem to be developing I'd that I. In it for the long run but have very low funds. So, I am trying to swing trade to make more but since I am in it long. I don't worry so much if it dips and I didn't sell, I'll just wait. It gives a lot more freedom with the mental aspect.
What's Whatsapp?
Great video
Hahaha CHUNKS now I have a name for this strategy I have been using haha thanks MAX
How do you transfer token on other chains to fiat, without going through the native token
I can only imagine the research an time it takes for you to inform the people....appreciate you bro thanks
More than a fulltime job 😅 But it's my pleasure!
please make a video about Defy
What profit?
😂
. . . . . . Max maher. Or anyone on these comments. Plz help. I am an extremely green crypto investor. So I am trying to take profits at the moment. But i only want to take my winnings. Why does my crypto amount go down?? Shouldn't my original investment stay the same? And simply be able to pull out my winnings?????
If I take out my initial investment and ride the wave.. does that mean I won’t be able to reinvest in it again? What if something like ETH. bought it for $1200 and now it’s at $4k+ and I plan to continue to DCA into it.. does it make sense to ever pull out profits?
This is not financial advice but if you prefer pulling out profits to invest on other coins, I suggest you do not pull out the full amount probably only a percentage.
What about Stablecoins? Just asking
I made a video about it! ruclips.net/video/4Dc-0dh_dOo/видео.html
Where can I find a copy of the diagram ?
You know how at the end of a Bond movie, the villain starts a monologue that gives Bond enough time to escape? Bond doesn’t beat the villain, the villain beats themselves. The villain had the movie won, until they waited too long to finish. Your investment is Bond, and you are the villain. If you wait too long and monologue, it’ll get away from you and you’ll defeat yourself. Don’t do that! Win! Pull the trigger and then gloat AFTERWARDS.
Thanks max
Lately I've been wondering why Max has mainly been only posting crypto currency videos. Then I seen his view counts on those videos & just this month alone he's averaged a little over 100k views per crypto currency video. I'm not a crypto investor so these videos don't pertain to me but damn I'm still happy for Max getting those views.
Hey thank you! Plus there hasn't been much else going on in finance besides Evergrande.