How do you decide when it's time to sell? - page 35.

melted349

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Quote from: hovrah on August 26, 2017, 05:23:46 AM

Quote from: marketone on August 26, 2017, 05:20:22 AM

Quote from: cramcram21 on August 26, 2017, 05:13:55 AM

Quote from: sweetbet on August 23, 2017, 10:47:49 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?

Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

I think it is not possible with every coin because some times it may take longer than as expected. The thing we have to follow is we have to wait patiently until the price of any coin which will give you profit on the investment.

It seems to me that Everyone decides when to sell and what to do. If you do not take into account when a person really needs money urgently, when he starts selling at the price that exists At the moment, then you need to pay attention to all price fluctuations for a sufficiently long period. For example, I see the maximum value of the price of any crypto currency that existed for Eva's existence and therefore I do not sell less of this value. Just waiting for when this moment comes.

Yes and nobody wants to sell it at the price that they are not expected so as they see it in a high price they would probably make a move than to wait it dump in a price that they buy it.

GoodLuck2

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Quote from: albert11 on August 25, 2017, 01:31:00 AM

First you plan on how much value you want and if think it's content. I am doing this especially now that the Market is up and down. It's better to be sure. But if there's more to go and continue to raise is up to you. Just not to be aggressive or to be greedy because That will be your opponent.

That is very good, you make your own strategic price. I saw a lot of BTC users who sell their bitcoin according to their strategic price and trust me they get much more profit then those who just hold for a long time. Because the strategic one sell at time and when price falls little bit then he will buy again and in this way he earn pretty much profit from his strategy.

no0dlepunk

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

Ok I get it, you are not a full time trader at all. Take my advise, amigo... once you have bought your coin, set a sell order based on the chart that you are looking at; do not force yourself to get huge profit by selling at the highest because you didn't even dedicate your full time in trading. Be satisfied with 10% max profit, don't be too greedy... after all, this job doesn't seem to fit you very well.

Another piece of advise, get a bot... that bot will do the analysis, calculations, and will take care of the buy and sell. I actually have one which is running right now in Amazon's free webspace server. Unfortunately, my bot is idle because altcoins are not performing very well for 2 months already.

hovrah

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Quote from: marketone on August 26, 2017, 05:20:22 AM

Quote from: cramcram21 on August 26, 2017, 05:13:55 AM

Quote from: sweetbet on August 23, 2017, 10:47:49 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?

Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

I think it is not possible with every coin because some times it may take longer than as expected. The thing we have to follow is we have to wait patiently until the price of any coin which will give you profit on the investment.

It seems to me that Everyone decides when to sell and what to do. If you do not take into account when a person really needs money urgently, when he starts selling at the price that exists At the moment, then you need to pay attention to all price fluctuations for a sufficiently long period. For example, I see the maximum value of the price of any crypto currency that existed for Eva's existence and therefore I do not sell less of this value. Just waiting for when this moment comes.

marketone

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Quote from: cramcram21 on August 26, 2017, 05:13:55 AM

Quote from: sweetbet on August 23, 2017, 10:47:49 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?

Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

I think it is not possible with every coin because some times it may take longer than as expected. The thing we have to follow is we have to wait patiently until the price of any coin which will give you profit on the investment.

cramcram21

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

Well for me there would only be two things I would set a price range and a date,
If it hit the price range then I would sell it and if the date comes what ever the price of my coin I would dump it.

SirLancelot

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Quote from: logicgate on August 25, 2017, 02:08:42 PM

Quote from: rjbtc2017 on August 24, 2017, 11:53:43 PM

It always depends on things that will affect your decision, Do you really the money? for emergency, then sell it. Emotion can affect your decision too, do you think this is the peak of the price of bitcoin? Then sell it. For me , i am selling my bitcoin when i need airtime mobile load, or when i need to pay my bills exactly, or when i think the price is right i will sell it for me to not regret not selling my bitcoin. It really depends on your emotion and needs.

well you tell all the good time for selling and I agreed with all of these fact that you write. The problem is how to decide the peak price, the traders are the only one who predict the peak price because he I expert in graph reading. A normal man like you and me can never predict that, but as you said when you feel it is peak price then sell, it is a good option and I agree.

You should set your own target peak price and when your coin hits that value, sell it off. If you will wait further, the counts as greed and we all know it is evil in nature. If you don’t want to miss chance of getting more in return, then cash out half when price is your expected one and keep half until further prices rise.

sana54210

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Quote from: eagle10 on August 25, 2017, 01:26:20 AM

Quote from: Rahar02 on August 23, 2017, 11:33:53 PM

Quote from: sweetbet on August 23, 2017, 10:47:49 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?

The first thing is, I have to check whether this coin could reach certain price, depends on market reaction or how much it could attract investors. Read some news, join into slack channels and all of their social media in order to get latest information about next development. Then, to decide target price to sell by using your prediction and intuition, just set certain amount of profits that you think it could be achieved. Instead of monitoring the prices all the time, you can use trading bot to execute the orders.

It's very hard to predict the trading in cryptocurrency world. This is not like the case in stocks or the forex market. The chart says it is going up, and then it is going down. CRyptocurrency is very risky the volatility is very high plus the presence of whales makes it more difficult to read many times.

Unpredictable it is, yes. Bitcoin market is so unpredictable you can’t say anything sure about next move of the chart rather there are still some ways you can have idea of when to sell. You must have analysis of what the market have been doing since last month or week.

Having some technical skills will add a markup to your plan and then you just have to see the profit rate, whenever it is fulfilled by price chart, hit the sell button Cheesy

logicgate

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Quote from: rjbtc2017 on August 24, 2017, 11:53:43 PM

It always depends on things that will affect your decision, Do you really the money? for emergency, then sell it. Emotion can affect your decision too, do you think this is the peak of the price of bitcoin? Then sell it. For me , i am selling my bitcoin when i need airtime mobile load, or when i need to pay my bills exactly, or when i think the price is right i will sell it for me to not regret not selling my bitcoin. It really depends on your emotion and needs.

well you tell all the good time for selling and I agreed with all of these fact that you write. The problem is how to decide the peak price, the traders are the only one who predict the peak price because he I expert in graph reading. A normal man like you and me can never predict that, but as you said when you feel it is peak price then sell, it is a good option and I agree.

Chronos_angel

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

Simple dont sell too high from the purchase price,if you get a profit sell it

knightmairesaint

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Quote from: Bagaji on August 24, 2017, 09:49:23 PM

Quote from: sweetbet on August 23, 2017, 10:47:49 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?

If you a trader and you don't have enough time to monitor your position on when to sell, I will advise you to set a take profit order base on the percentage of the profit you want make from the trade. You can equally set a stop lose orders to help you reduce your chance of loosing too much of your capital while you are away.

I agree with that, there is no right time when it to trading. You will often ask yourself if it is the right time but you will just be disappointed. It is true that there are times that the price will get higher or lower than your set order so thinking carefully in setting the amount is very important. When it comes to trading, it is a golden rule to sell high but buy low so we should always remember that.

To decide when to sell is very hard because if the volatility what we need here is acceptance in every result of every decision we made.

lumeire

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IMO the best signal is when you're already satisfied with your profits. You can sell your coins by then, or at most, 70-80% of your holdings.

magmar

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

Probably when the price is right, as simple as that. If the value of your holdings does not satisfied your standard or your expectations just hold it and wait for the value to rise or to have another exchanger who have much price than before. Then if you think the money you will get suits the effort you exerted, probably sell that and enjoy that money that you have now. It is the result of your hardwork, you deserve it, we all deserve to have a bigger profit.

Theodorre

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

you're not robot. take a cup of coffee and get some food, refresh mind with music then set up new order. be patient, wait wait and wait till you get what you wish

datodota002

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

my strategy is make a boundary when i have to sell my BTC, i usually make a boundary when i get $200 - $300 i have to sell it, don't be greedy because it will make you loss more

Hammonds

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I do not monitor the price every day, maybe just a few moments. I use the widget on my phone and it makes it easy for me to know the right time to sell and time to wait.

Hamphser

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Quote from: satria33 on August 25, 2017, 06:46:54 AM

Quote from: sweetbet on August 23, 2017, 10:47:49 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?

After making a purchase, you should sell at least 10% of the purchase price and I think you have the benefit

10% is quiet decent basis for you to sell out your holdings but depending on how much or how big your bankroll is. If you are trading on bitcoin itself then its quiet hard to trade in small amounts but somehow would do if you are really serious you can opt out on trading on altcoin too and setting up a particular sell point is really good as long you do know that you would able to make profits.

satria33

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

After making a purchase, you should sell at least 10% of the purchase price and I think you have the benefit

twicezeroiszero

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Quote from: Sled on August 25, 2017, 05:46:46 AM

Before i sell anything or even before i enter trading. I always make a target price for the coin that i bought so if the price will reach to that target price then i will just immediately sell it. Sometimes i didn't follow my target price because it is sometimes up to the price movement and also from the chart itself so as long as the price is above my target price, I will sell.

In the fact, if we set a target same the target of most trader on market, we will random create a sell wall and make the price of altcoin we trading can't reach to this target.
So, I usually choose check volume and demand on market, then I will decision my target but check price of this coin once everyday.

unyil

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Quote from: sweetbet on August 23, 2017, 10:47:49 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?

You can make an open order by putting up a net at a different price, if you just make an open order at a single price, your trading will not be effective.

Topic: How do you decide when it's time to sell? - page 35. (Read 14657 times)