Exit Strategy

This article will guide you through understanding the Exit Strategy feature and its setup process.

Lena avatar
Written by Lena
Updated over a week ago

Exit Strategy feature will help you set and achieve your selling goals for your crypto investments. The objective is to reduce risk and maximise profits, which means determining when to take profits or cut losses and when to sell off a portion of your investments when your price targets are reached.

How It Works

The Exit Strategy functionality enables the establishment of precise selling prices for the cryptocurrencies held in your portfolio. Upon registering with CoinStats and connecting your portfolio, you'll be guided to set up this feature. This uncomplicated process involves outlining the prices at which you plan to sell your coins.

Once configured, your Exit Strategy remains easily accessible. You can switch your portfolio display to the Exit Strategy view at any time to review these target prices.

How To Setup

You need to tap on your portfolio goal to initiate the exit strategy plan. If it's disabled, please follow the steps below to enable it:

  1. Launch the mobile app

  2. Open the Portfolio tab

  3. Click the three dots located under the portfolio chart

  4. Enable the Show Goal/Exit Strategy option

  5. Return to the Portfolio tab and tap on the goal in the bottom right corner

  6. Select Setup Exit Strategy

  7. Configure the settings and click Confirm Exit Prices.

And done!

You will be directed to the Exit Portfolio. To close the "Exit Portfolio" page, tap the x on the bottom right corner. To return to the Exit Portfolio again, tap the goal button and select View Exit Portfolio.

Disclaimer: This feature is intended to assist in decision-making but is not financial advice. Always do your own research or consult with a financial advisor before making investment decisions.

The purpose of CoinStats is to provide broad market comments. Our content should never be interpreted as offering recommendations, trading techniques, or investment advice of any sort. It’s up to you to double-check and decide which deals to make.

If you've used this feature and would like to share your thoughts or suggestions, please don't hesitate to contact us at support@coinstats.app. We value your input! 🧡

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