I saw a great post by [u/pacrimbeer](https://www.reddit.com/user/pacrimbeer/) in another sub, and it made me realize I don’t have a great profit-taking strategy. I’m a basic hodler, but I’m reevaluating my [non] strategy after reading his post.
[Post Tl;dr](https://www.reddit.com/r/pennystocks/comments/mw9852/please_read_the_importance_of_taking_profits/?utm_source=share&utm_medium=ios_app&utm_name=iossmf) – A simple–yet powerful–strategy can be defined as a function of your risk; for example, P = 2 x R. Based on a portfolio of $10K and a risk of 2%, you should take profits when you make $400. 400 = 2 x (10,000 * .02). Something as simple as this will help you know when to wisely take profits and mitigate your risk exposure.
Honestly, there is too much good information for a tl;dr to do it justice. Recommend a read.
What is your exit or profit-taking strategy?