In trading how do you know if it is time to still hold or is it the right time to sell? Do you go buy your profit margin or actually wait for the highest possible peak?
For example if you're earning like 10% of your investment, would you just sell or would you be interested in waiting and seeing if it goes more up so you could earn more, in doing that its possible that it may go down and you then earn like 5-8%
But what is your process in this? How do you go about hold and sell timings?
Me, I am hilding or selling a coin depending on the coin. If the coin is a good coin (alt, eth, or litecoin). I am holding since it is a good coin, it has a possibility or should I say it's price will surely increase so a big profit is 100% sure.
On the other hand, I am selling the coin if I know that the coin has no possibility to increase its price. If it is an alt, I convert it into eth and when it is an eth already, that is the time I hold since eth price is very good. I sell it immediately because if I continue hold it, I will just lose more. Yes proven and tested, it already happened to me last time