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Topic: How do you decide when it's time to sell? - page 32. (Read 14653 times)

full member
Activity: 322
Merit: 100
I buy a coin when it's cheap. Then I place a warrant for the sale which is 5-10% higher than the purchase price. But this can not be done with all coins. For some, 3% growth is sufficient.
There are still coins that I buy when they are pumped. But I sell them right away
hero member
Activity: 924
Merit: 512
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?
for me to say that the bitcoin price movement is an obligation. I would not rely on the automated system because like what you say that we are probably going to be disappointed. so it's better to do manual trading and get satisfactory results because every action we do can be monitored and also in accordance with the expectations we want to achieve.
Manual trading is the best because it will help us to monitor our trading history and we can correct the mistakes that we can make in trading. The professional traders that i know are doing manual trading because they tell me that it is the best source of knowledge in trading and doing it manually will enhance our brain always.

In trading what is use of brain and at all. You seems so diplomatic in your words. even I knew that manual trading is best option to start your trading experience. I suggest to try on localbitcoin.com to start trading.

You should have set up amount around 0.22 btc to become a trader. Every trader of yours will be manage by the automated escrow
hero member
Activity: 896
Merit: 520
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.

With the expected high price we can sell out the bitcoin as much you can but recent days I wait for the fees to get reduce it smaller amount to transfer the amount to the exchange site wallet to sell it out bulky when the price is moves up. Buy it when the price is low.
There is other way to reduce the fees if your wallet is segwit supported then you can use the segwit when sending so that your transaction fee is reduced by 35% and i think the price of bitcoin these are really stay at level $4,300 and i think it is hard to decide to sell bitcoin because anytime the price can be burst increase or the price can be down..

Thanks for the information bro. I am using Blockchain.info and coinbase.com for the bitcoin and eth transactions to do. Kindly let me these wallets supports the segwit and let the me know how I can do customize the transaction fees and send it with the few cents or 1 USD as a fees.
hero member
Activity: 1680
Merit: 535
Bitcoin- in bullish time
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?
for me to say that the bitcoin price movement is an obligation. I would not rely on the automated system because like what you say that we are probably going to be disappointed. so it's better to do manual trading and get satisfactory results because every action we do can be monitored and also in accordance with the expectations we want to achieve.
Manual trading is the best because it will help us to monitor our trading history and we can correct the mistakes that we can make in trading. The professional traders that i know are doing manual trading because they tell me that it is the best source of knowledge in trading and doing it manually will enhance our brain always.
legendary
Activity: 1162
Merit: 1000
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?
for me to say that the bitcoin price movement is an obligation. I would not rely on the automated system because like what you say that we are probably going to be disappointed. so it's better to do manual trading and get satisfactory results because every action we do can be monitored and also in accordance with the expectations we want to achieve.
hero member
Activity: 1036
Merit: 500
ITs time to sell when you need money Smiley
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.
member
Activity: 105
Merit: 10
I guess it depends on yourself, experience it from monitoring market
First step i try it with small deposit and do some research, of course you always need to read from forum what to do.
And you can learn from it.
But you need to be carefull,not to drag too far. Because i regret it now that im too ambitious. And i need to start from zero again.
So good luck,and don't stop reading and learning something
hero member
Activity: 658
Merit: 500
I just set a target profit like 10% or higher which would depend also on the movement of the coin in the past and then when it reach my target price then I will sell. I will not regret even if I sold it and the price climb higher because a profit is still a profit even if how small it is. You cannot always sell at the top and buy at the bottom so better have a plan of target profit for you to have profit. You cannot be online always and what if the coin is pump and it reach your target price but you are not online so you were not able to sell it so that is an opportunity loss so better have a target price in advance and set an order may it be a limit or conditional.
I will surely consider this approach as the best one if it comes to the profitable earnings. There is no specific time to sell. Just set a goal while you are investing in bitcoin. As soon as the price reaches your target, sell the bitcoin and get your profit. The best part of this is that profit is profit. May it be small or big. You should never regret on what you get. Just keep an eye on the worth and play safe.
hero member
Activity: 907
Merit: 500
When I see that I have enough profit from the price increase, I can sell some of the coins, and the other part still leave for a while to get even more profits.
Sell some coin and try to invest in the next bottom, But remember to sell your coin in the pump and never sell your coin at the stable chart the result will be in loss on its value caused by the stable chart will be remain to the pump in the next time as far as i know that really important.
Yes you don’t have to sell the coins at stable rate because it can give you some loss or you may say it doesn’t give you good profit rather just covering up your buy price. Main thing is go with a strategy and plan, stick to it, be stable and cool and calm, decide wisely at the time of selling and buying and there you go with profit definitely.
full member
Activity: 196
Merit: 100
Depends upon the situation.. upon my status, i don't earn bitcoin yet but if i have in my wallet.. much better ill just hold my coins for a long long years.. and probably this is a good idea for investment.. or in case of emergency ill might used a portion of it to fulfill my needs.
hero member
Activity: 907
Merit: 500
I always fix a target of 10%-20% a profit margin and as soon as the coin's price reaches the target price,then i sell immediately completing the trade.I don't blindly follow the market thinking that sky is the limit for my profits.By setting this profit margin,we could sell and buy once again.We could do this many time and earn more.But as far as bitcoin is considered,i prefer to hold it in a long term basis instead of selling it for smaller profits.
Better approach it is. By setting up a fixed percentage of profit you can get better and regular profit. Whenever the price is high and your profit margin is achieved, just sell the bitcoin and get instant cash. Then wait for a low dip, buy it again at low price. This is very wisely approach if you are doing it well.
member
Activity: 88
Merit: 10
August 28, 2017, 09:59:26 AM
#99
ITs time to sell when you need money Smiley
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.
hero member
Activity: 2282
Merit: 505
August 28, 2017, 09:53:28 AM
#98
When I see that I have enough profit from the price increase, I can sell some of the coins, and the other part still leave for a while to get even more profits.
Sell some coin and try to invest in the next bottom, But remember to sell your coin in the pump and never sell your coin at the stable chart the result will be in loss on its value caused by the stable chart will be remain to the pump in the next time as far as i know that really important.
hero member
Activity: 1008
Merit: 537
August 28, 2017, 09:43:15 AM
#97
ITs time to sell when you need money Smiley
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.

Yes right. If you want more profit means ,saving is the best option. Just make a note of price of bitcoin every time you use to sell.If the current price of bitcoin is 50 % greater than a the price you sell past or at last.You may consider as selling time.But if you not satisfied with that price means.Hold till the satisfied price reach.
sr. member
Activity: 868
Merit: 256
August 28, 2017, 08:55:28 AM
#96
ITs time to sell when you need money Smiley
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.

Though it is a big loss and you cant come back after you loss its okay because you use your money in important things like that home project. Time to think, holding you coins or waiting for the right price of your coin is best but if there is important matter to buy then you should go for your self because that is important and in trading you can get back your loss in a period of time.
sr. member
Activity: 504
Merit: 250
August 28, 2017, 08:42:49 AM
#95
When I see that I have enough profit from the price increase, I can sell some of the coins, and the other part still leave for a while to get even more profits.
hero member
Activity: 1148
Merit: 502
Leading Crypto Sports Betting & Casino Platform
August 28, 2017, 08:16:42 AM
#94
ITs time to sell when you need money Smiley
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.
hero member
Activity: 866
Merit: 1001
August 28, 2017, 07:49:42 AM
#93
I always fix a target of 10%-20% a profit margin and as soon as the coin's price reaches the target price,then i sell immediately completing the trade.I don't blindly follow the market thinking that sky is the limit for my profits.By setting this profit margin,we could sell and buy once again.We could do this many time and earn more.But as far as bitcoin is considered,i prefer to hold it in a long term basis instead of selling it for smaller profits.
sr. member
Activity: 924
Merit: 275
August 28, 2017, 06:57:53 AM
#92
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?
It is really hard to decide whether to sell our coins or hold it. I agree to you that the right time to sell our coins is when the price climbs above our target. It means we will sell if the price is now high.
hero member
Activity: 2856
Merit: 769
August 28, 2017, 06:42:57 AM
#91
Right now I have not thought about selling some of the coins I have,
maybe later if I have a really urgent need I will sell some of the coins.
because in my opinion there is still a chance for the possibility of increasing the price towards the end of this year.
Hodling is good and we should really sell our coins if it did reach above ICO price because most likely those holders of those coins would really sell off on those price point and then buyback again when the price is cheap again. Deciding on when to sell is quiet hard since we would really like for the price to increase even more later on to make more profits but there are instances on which we do really need money and we would really need to withdraw those earnings.
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