The simple way to take profit from your crypto portfolio.

The crypto market is starting to show signs of life again and we can feel the anticipation building. Before we know it, people will be looking for easy ways to take profit from their portfolio. To prepare for this moment, we’ve preemptively written an article which will briefly describe the easiest way to take profit.

Throughout this article, we will take inspiration from a previous blog post which discussed how to accumulate an asset via blacklist. You can find this entire article here:

Crypto Strategy: Accumulation VIA Blacklist

In order to complete a profit taking strategy, you need to follow these simple steps:

Have a Shrimpy account where you manage your portfolio. If you don’t have one yet, sign up here. Don’t worry, it’s easy to get started. Blacklist the asset you want to use for taking profit. Let’s say you want to take profit into USD. You can blacklist a stable coin like USDT. Allocate the percent you want to take in profit as a percent in USDT. We will use 20% in this example. Therefore, 20% of our entire portfolio will be taken as profit into USDT. Rebalance your portfolio to allocate the designated percentages. This will trade into the asset which has been blacklisted and will be used for profit taking. Remove the profit taking asset from your portfolio. The asset should remain blacklisted, but must be removed from your portfolio. Otherwise, subsequent rebalances will result in continuous profit taking into the blacklisted asset. Repeat steps 2–5 every time you want to take profit.

A Visual Representation of Profit Taking

Let’s pretend the market has been on a rally and you want to take profit from your portfolio. You have four different assets allocated in your portfolio as depicted below.