Topic: How do you decide when it's time to sell? - page 31. (Read 14653 times)

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.

That is the best application that i used so far; blockfolio it monitors all my coin holdings in real time and i always do the same thing like you, i sell my coins if the price is above of my limit or target price because it is best to have a target price rather than waiting for the price to go up and the other higher price than my target price is just a bonus for me.

If i see that the price reach the higher price and i think that is the time to sell. And its easy to buy again once its bounce back to lower price.  That is the time for we to buy again.

I decide to sell my coins if the price is now above the limit. I have blockfolio in my cellphone and I can easily to observe the progress of the different coins. You can know the right time if you always observe the progress of your coins.

I see that today many already give such an excitement that the price for Bitcoin grow by 500% on average. This of course will be a very huge profit for most Bitcoin users. But we still do not know what to expect from another squirrel in November. How this will affect the pricing of Bitcoin. I think that we will do without mental trauma and a fall in prices.

Yes you can say that it depends on your personal experience. But for that you need to have a good knowledge of what’s going on around. You first need to know how the market behavior is changing. Also you need to see the graph. Only then, you can decide what to do.

Holding and trading are good we don't have to compare these two things. You really don't understand how holding and selling works, it's not all about leaving some money and you don't care with that. It's an investment so you have to put a certain period of time on how long you are going to hold. When the price reaches 100-500% sell.

The primary indicator that may be the fact to of our decision to sell is the price of Bitcoin in the market. Because it is the one that cod give us profit and the number one factor for is to earn. In a part of trading we should always think that buying and selling Bitcoin as part of principle of buying low and selling when it is high to have profit in every decision we make.

I have simple system, I buy in dips when prices are going down for days, and I simply wait my profit after that. I check prices every day couple times, and I'm waiting rise and everything above 50% profit is good. I don't wait for double, triple profit that I used to do in the beginning and I didn't have results with waiting higher profit.
Before you enter in trade you need to know how much you can profit from that, and in how many days. I'm a member of couple telegram groups and by following them I noticed that all of them have good entry positions, and they are getting out after 20% sometimes, they sell and they wait good entry point again. You should learn from them like I did, settle with low profit is better then lose a part of your investment.

Reasons to sell your crypto:
1) you need fiat to pay bills
2) you believe another investment or crypto has more upside potential (e.g. selling BTC to buy XMR because you think XMR will go up more in value than BTC)
3) the reason you originally bought the crypto no longer applies (e.g. you bought DASH thinking it had strong privacy but after looking into it from a technical standpoint you realize that is not the case)
4) your crypto has gone up so much that you can reasonably expect to live the rest of your life in a good lifestyle. How much fiat you need would depend on you, your age and how much you expect to spend each year.

Another way to say it is sell when the reason you bought no longer applies. Now, many people buy without a good reason and therefore they don't know when to sell. Many traders do not have a complete trading system. If you can a 37-page PDF titled "The Original Turtle Trading Rules" "Original Turtles, fighting the scams, frauds and charlatans" read it. Not for the specifics of the trading system but the framework. The 6 components of a complete trading system include:
1) markets - what to buy or sell
2) position sizing - how much to buy or sell
3) entries - when to buy or sell
4) stops - when to get out of a losing position
5) exits - when to get out of a winning position
6) tactics - how to buy or sell

Make your own system that you like that matches your style of trading. Make sure it includes all 6 components.
Experience is the best teacher.

You have a point  just make a different margin from your bitcoin every 5% increase if you made profit sell 15% of you bitcoin don't sell them all because the price of bitcoin is keep increase just to get the benefits of the price increase and buy again if the price is cheap and save your profit.. just repeat it and make a good profit.. just don't sell all of your holdings just the few and wait if the price still continue just sell do it again and again. .

Target approach is quite better than just random buy and sell. You fix your target for a specific amount of investment that okay I have to go for let’s say 10% from this one.
As prices gets high you just get to know the target is being achieved and you sell bitcoins. You just works well if you have decided your profit range.

Strategic trading always have been successful for making huge profits in all bitcoins. At a time, you have to make strategy and if you stick to it then as said you will get the boom you want. Strategic trader just know better how he will be investing, what is time to buy and surely what is exact time to make a sell. It really works.

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.

  Hold alway better than trade... just leave some money and wait dont care about it... when we see your coin u invest on the news... that the time to sell

In my situation i am not monitoring the price's everyday because i only organize my time to do some extracurricular activities, Maybe you want to find out what is the easiest way to earn profit right ? . In my own opinion sadly there's no easiest way because every trader has their own risk of investing and to avoid that they are checking the price almost everyday.

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.

I usually base my sell signal in the chart activity. When the price is about the dump, and volume of sells started to increase. I start making selling. I also base my sell signal in the news. For example, NEO dump because of China's new policy in ICO investing.

I decides to sell with main reason when the price reach sell area ( taking profit ), second thing is when the price also reach stop loss ( minimize loss ). Those reason make me decide to sell and face the risk. I don't have another reason to sell, even the price too long on the same price or try to buy another coins ( derivative ). Only try to disciplines with our strategy and never get into panic sell. Be patience and have a nice day,

You don't have to wait for a specific time. You would sense it automatically like when is the actual time to sell. Even if you fail to sell for the perfect time , you would learn a new lesson and you'll understand when to sell the next time. So it's better to fail atleast once in order to learn.