It is always better to have our own game plans and methods to book profits and make money from crypto market. Here I am sharing the best profit booking strategy that I followed as a beginner, which will be very useful for beginners in a highly volatile market:

Suppose you bought a 100 MATIC coin at a purchase price of $ 1. Your total investment is: 100 * 1 = $ 100.

My strategy for a volatile market is to book profits gradually at 20%, 40%, and 60%, selling one by fifth of my holdings at each target price.

To get the price target at 20%, just go to Google and search "1+20%." Then you will know at what price you have to sell to get 20% profit; in this example it is $1.2.  Now place a limit sell order at the price of $1.2, for the quantity of only 1 out of 5 coins (20%).

That is, 1 in 5 out of 100 = 20 coins. So, place limit sell for 20 coins at $1.2.

Take another 20 from remaining coins and place limit sell at 40% profit, i.e. "1+40% = $1.4"

Now take the next 20 and place limit sell at 60% profit, ie "1+60% = $1.6"

Assuming all these orders are filled, the amount you will get is:

First order : 1.2*20 = 24

Second order: 1.4*20 = 28

Third order: 1.6*20 = 32

Total: 24 + 28 + 32 = $ 84

Now you got back $ 84 out of the $ 100 you initially invested.

Also, there are 40 MATIC coins left. Those remaining coins can be held for long term if desired. Or you can place a sell order again.

The advantage of this strategy is that whenever the MATIC goes up to 20% and then comes back down, you have the funds to buy again. This will help you to take the best benefits in a volatile market. Experience teaches that the price will go up and will come down frequently in a volatile market.

More importantly, a good chunk of your capital is protected with profit! This will give you peace of mind in a volatile market!

What else you need in the uncertain and highly volatile market? 

Stay safe, book profit and protect your capital!

What are the strategies you follow?