Take profit or hodl

In these extremely volatile markets,its not easy to know what to do when the Lambo spikes occur.Should you take some profit or hodl?.From my own experience you grow your Money more when you take out some profit and reinvest.How i go about it myself is that i Take out 25 percent profit and reinvest in other interesting projects.That way you remain with most of your coins which you believe in long term and you have new Ones that have potential.
Apart from growing your Money there is that satisfaction that you invested in the right Projects and taking out profits is part of rewarding yourself.Another thing which i have learnt in this game is that One has to have goals of when to take the profits because you can never know where the top or the bottom is.We talk about FOMO(fear of missing out) alot in the crypto space,but what does it really mean?.To put it very simply its chasing a coin when the Price starts to Spike, in other words its fear of missing the boat.The problem with this is that you end up buying at All Time High(ATH) which means when people start to sell and Price drops significantly you will sell at a loss and ending up loosing your Shirt.You should Always buy low and sell high.
Another thing One should avoid is Fear, uncertainity and doubt (FUD).This is mainly caused by the media.Invest in the Projects you believe in and just ride along regardless of what anyone says.