How do you decide when it's time to sell? - page 30.

Casabrandy

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Quote from: redsun114 on August 31, 2017, 09:45:38 AM

Quote from: ghostunicorn on August 29, 2017, 10:39:38 AM

Quote from: LouVandetta on August 29, 2017, 08:58:38 AM

I think that we all have our own styles in trading.
For me, first I'll check the trend, news, of course, choosing a great coins, too.
Then see if its in dip or at peak, but not only that. Bookchart really helps a lot.
When placing an order, whether buy or sell, don't forget to use a stop loss.
When ppl are panic buying [Fomos], I'll sell it and the other way around.

Trend is significant but the market perception is also taken into account in daily trade for me. I can't trust technical things all the time. I look whether I'm in profit prior my sell orders. If yes, I sell it anytime I lke.

Hmm! In day trading, you need to stay active and smart. You can’t rely on single source for making profits. Thorough analysis we can understand well when to sell and when to hold. Since I do long term trading; I don’t face much problem in judging the good time for selling off coins.

As much as possible,it is better to have a target amount than watch the market all day long which is not necessary unless you only depends on trading. Long term trading will be a the best option to earn in trading so better still do some other activities too.

redsun114

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Quote from: ghostunicorn on August 29, 2017, 10:39:38 AM

Quote from: LouVandetta on August 29, 2017, 08:58:38 AM

I think that we all have our own styles in trading.
For me, first I'll check the trend, news, of course, choosing a great coins, too.
Then see if its in dip or at peak, but not only that. Bookchart really helps a lot.
When placing an order, whether buy or sell, don't forget to use a stop loss.
When ppl are panic buying [Fomos], I'll sell it and the other way around.

Trend is significant but the market perception is also taken into account in daily trade for me. I can't trust technical things all the time. I look whether I'm in profit prior my sell orders. If yes, I sell it anytime I lke.

Hmm! In day trading, you need to stay active and smart. You can’t rely on single source for making profits. Thorough analysis we can understand well when to sell and when to hold. Since I do long term trading; I don’t face much problem in judging the good time for selling off coins.

michellee

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the most important is when we see the price is moving high and there is a chance for us to place a higher price. but to know how much the price will move high, we need to see in order buy and order sell to determine in what price we want to sell. beside that, maybe you can calculate how much percentage you want to take the profit so you can easily make order sell but don't too greedy.

hasmukh_rawal

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Time to sell depends on Technical & fundamental Factors. I am following Technical For past Years .According my point of view you should have some kind of trend following strategies or follow atleast DOW THEORY for exiting from coin's position, it is the best system for trading any scripts on any time-frame. Cool

marseille

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Quote from: RealPhotoshoper on August 31, 2017, 09:04:36 AM

Quote from: walterz on August 31, 2017, 07:26:19 AM

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

Actually you will never be able to sell your coin at the right time accurately on top of the price.
But at least when you see such a pump signal , you should be ready to sell.
Just make sure you did not sell it too early by making a lot of analysis from a lot of sources.

Yeah everyone says that buy low and sell high but no one exactly knows which is the highest price to sell as if you would have sold at $4500 thinking that its too high then today you would have seen the price of $4700 and at that time you would regret for not holding them longer so there is no perfect time or price to sell but sell it when you are making good profits from it without any regrets.

gabmen

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Quote from: walterz on August 31, 2017, 07:26:19 AM

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

I think you'll be better prepared now when another pump or dump happens. Btc will just keep on going up probably in a couple of more years. Keep holding. You'll never know how far your btc savings will take you

RealPhotoshoper

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Quote from: walterz on August 31, 2017, 07:26:19 AM

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

Actually you will never be able to sell your coin at the right time accurately on top of the price.
But at least when you see such a pump signal , you should be ready to sell.
Just make sure you did not sell it too early by making a lot of analysis from a lot of sources.

Smarty14392

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Quote from: Kiweikoo on August 29, 2017, 03:08:45 AM

Quote from: ceremonita on August 28, 2017, 08:59:26 AM

Quote from: legendbtc on August 28, 2017, 07:16:42 AM

Quote from: enhu on August 28, 2017, 02:50:33 AM

ITs time to sell when you need money

Few weeks ago I was needing money for some home project and so I thought of selling some of my Monero. ITs just unfortunate on my side to see I don't have opportunity to buy back at lower price.

When you made some profit on the investment you made then you will be happy but if you sell them at cheap you will feel not comfortable you end up in the loss. That's why people should track in excel sheet whether you are in profit or not.

If my buy point is known, I define a sell point when I'm buying it. Let's say I'm buying ethereum for 0.075 btc, and I plan myself like, I would sell it for 0.082 btc. This way, I don't have confusion to realize my profit.

Yes, when you have set your targets, you get direction for putting your efforts. Without any goal, it is just like hitting in the air while doing trading. Targets make it easy to have a record of your profits and losses. I myself always work with some goals because they give me reasons for working hard.

Without setting target you will definitely not doing so well. Rather it will be just a hard work but useless at the end. So better is to take a strategy, make a plan, stick to that plan and work harder with smartness. You better aid, targets and goals will show you better what you have to do in the field and how you do it.

walterz

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It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

neowne

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If you dont need fiat at the time, you should hodl your coins!

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Quote from: Mikehills101 on August 31, 2017, 05:46:20 AM

This is truly helpful for me. Back reading from page 1 until 7, you guys have incredible ideas. Thank you Cheesy

You're welcome. Just keep reading and always apply to yourself what you read here in this topic and you cannot just learn here in this topic but also for the other topics and section also. Keep exploring this forum and even you are just a newbie, you can surpass the other older users of bitcoin if you will continue reading and studying things.

giga_999

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selling and holding investment its depends on various factors:

if the price goes up just sell it in the moment very moment when you sense it, it is difficult to make a decision rationally, only thing is to combine your knowledge, information, and the sense.

if the price is low just hold it.

Mikehills101

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This is truly helpful for me. Back reading from page 1 until 7, you guys have incredible ideas. Thank you Cheesy

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Quote from: stepwilli on August 31, 2017, 01:15:39 AM

Quote from: mast3rm1nd on August 30, 2017, 02:49:18 AM

set a fixed margin and never look back.

Yes, this is something very much appreciated. If you have set you profit margin in earlier stages, then you won’t find any difficulty in deciding whether to sell or not. But, for a long term benefits, you need to keep your expectations very much high, only then you’ll be able to earn more.

Short term and long term trades do really differ. If you do target for long term then setting out profit margin isnt really needed at all but if you do active trades then i would really set it up according to your knowledge. If you do believe that price would go on that spot then its easy to set it out and wait for it to hit but sometimes this kind of trading isnt really necessary specially for active traders.

devrawal93

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There are only two times when you need to sell your Bitcoin.

One is the time when market indicates us to sell the positions and other time is when we need some money by selling our bitcoins.
If you trading Bitcoins, then try to book profits at a specific level or percentage of returns based on your trading capital. And if you are investing then go for First option i:e wait for the market to show us indication of weakness in Bitcoin prices and that time we need sell the positions by booking some profits, otherwise no need to sell and run your trend. I always look to ride the trend as i love trend trading scripts.

I decide selling my positions in Bitcoin through Exit strategies which includes Technical indicators like Rsi,Volume,Bollinger Bands and candlesticks. Cool

stepwilli

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Quote from: mast3rm1nd on August 30, 2017, 02:49:18 AM

set a fixed margin and never look back.

Yes, this is something very much appreciated. If you have set you profit margin in earlier stages, then you won’t find any difficulty in deciding whether to sell or not. But, for a long term benefits, you need to keep your expectations very much high, only then you’ll be able to earn more.

Sled

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Quote from: Armstand on August 30, 2017, 02:34:31 AM

Quote from: cluit on August 30, 2017, 02:24:35 AM

Quote from: ubeng07 on August 26, 2017, 10:43:35 PM

Quote from: IamHigh on August 26, 2017, 05:33:17 PM

Quote from: sweetbet on August 23, 2017, 09:47:49 PM

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

I believe we can't pick the best order points all the time. And there is no exact right time to sell. It's totally up to your buying costs. If you bought the coin for cheap price, then it wouldn't be hard to sell it to realize your profits.

Yes it is you would not let to sell youre coin on the price that you wouldn't expected so as you buy it in the price that you have bought. As much as possible you will sell it in the highest price but sometimes unfortunately you can sell it for your second choice price.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

Setting the ranges of selling point is good strategy. I dont usually look on exchanges everyday ,sometimes twice or thrice only. When I said that this lt when reached such a mount maybe like x5 of it's value when I have,I can sell it already.

That is the key and right discipline for us to sell on a right time because we have a range of selling point and that will become the right time for us to sell so even the price will go up higher than your selling point then it is still a good decision to sell at your selling point because it is a less risk decision but it gives you profit which is what you need in trading or investing.

albertvert

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Quote from: Armstand on August 30, 2017, 02:34:31 AM

Quote from: cluit on August 30, 2017, 02:24:35 AM

Quote from: ubeng07 on August 26, 2017, 10:43:35 PM

Quote from: IamHigh on August 26, 2017, 05:33:17 PM

Quote from: sweetbet on August 23, 2017, 09:47:49 PM

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

I believe we can't pick the best order points all the time. And there is no exact right time to sell. It's totally up to your buying costs. If you bought the coin for cheap price, then it wouldn't be hard to sell it to realize your profits.

Yes it is you would not let to sell youre coin on the price that you wouldn't expected so as you buy it in the price that you have bought. As much as possible you will sell it in the highest price but sometimes unfortunately you can sell it for your second choice price.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

Setting the ranges of selling point is good strategy. I dont usually look on exchanges everyday ,sometimes twice or thrice only. When I said that this lt when reached such a mount maybe like x5 of it's value when I have,I can sell it already.

Ya you are in the right part.Fixing the selling rate and waiting to reach that value is the best one.If you satisfied with the less profit means you can sell at the fluctuations. If you want more profit as compared to that means .Just sell your coin at the fixed and focused rate.

mast3rm1nd

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set a fixed margin and never look back.

Armstand

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Quote from: cluit on August 30, 2017, 02:24:35 AM

Quote from: ubeng07 on August 26, 2017, 10:43:35 PM

Quote from: IamHigh on August 26, 2017, 05:33:17 PM

Quote from: sweetbet on August 23, 2017, 09:47:49 PM

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

I believe we can't pick the best order points all the time. And there is no exact right time to sell. It's totally up to your buying costs. If you bought the coin for cheap price, then it wouldn't be hard to sell it to realize your profits.

Yes it is you would not let to sell youre coin on the price that you wouldn't expected so as you buy it in the price that you have bought. As much as possible you will sell it in the highest price but sometimes unfortunately you can sell it for your second choice price.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

Setting the ranges of selling point is good strategy. I dont usually look on exchanges everyday ,sometimes twice or thrice only. When I said that this lt when reached such a mount maybe like x5 of it's value when I have,I can sell it already.

Topic: How do you decide when it's time to sell? - page 30. (Read 14714 times)