Some beginners may have no concept of taking profits.


Always hoping to hit a big one and get rich overnight.
Wanting to make meme trading a livelihood, but must follow some of their own principles:
Take profits promptly when earned, close out profits, and set take-profit levels.
Greed together easily leads to losses.
Need to overcome this.
You can look more into how smart money takes profits.
The unified rules of smart money:
1. Take profits in stages, quickly exit the principal (the range varies under different liquidity environments). At each key level, specific price increases, and during the best times driven by events, they will definitely exit.
2. Do not oppose orders, do not chase high adds.
3. When prices rise, they won’t sell everything at once; when prices fall, they will use about 5% of profits to "support the market."
There are many more; observe and review how smart money operates, and adjust according to your own situation.
But the most important thing is:
Once you set rules for yourself, you must follow through. If you don’t execute, it’s easy to lose money.
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