One of the hardest parts in crypto is not finding an entry point, but deciding when to exit. Without a clear exit plan, it is easy to either take profit too early or hold "to the moon" and give most profits back.
Why an Exit Plan Matters More Than Entry
Even a good idea can fail if:
- you did not take profit when the market gave you a chance;
- you fully exited on the first pump and missed the main move;
- you held into losses because no clear exit point was defined.
A pre-defined exit plan helps you make decisions based on numbers, not emotions.
Simple Framework: Multiple Targets Instead of One
Instead of one "I will sell at X" price, it is often better to split a position into several parts. For example:
- sell 25% of the position at +30% from average price;
- sell another 25% at +60%;
- hold the rest for a stronger move or a trailing stop.
Exact percentages depend on your strategy and asset, but the core idea is to lock in partial profits along the way and reduce emotional pressure.
Example Scenario
Suppose you bought a coin at $10. Your plan could look like this (illustrative example, not investment advice):
- first target - $13 (partial profit and partial capital recovery);
- second target - $16 (lock in a meaningful share of profit);
- third target - $20 (keep the remaining position for a strong trend).
The goal is not to call the exact top, but to exit with profit that matches your risk profile.
How Bithamst Helps
In Bithamst, you can:
- see your position average price in real time;
- set exit targets for each asset;
- receive alerts when price approaches your target levels;
- analyze realized PnL to improve your strategy.