Its time to sell when the price is right for me. If I profited out of it.
I dont want to get greedy so I will just set a target price.
And if not satisfy me, i just HODL it again and watch the graph.
I also check the circulation of coin in the market if its good
Topic: How do you decide when it's time to sell? - page 37. (Read 14690 times)
It depends on a lot of things. Your needs. The situation. The price. The market movement. It's up to the person who's selling to know which of these reasons apply as all here are valid for one to sell the coins they have. Sometimes we're left wih no choice but to sell if we're in need of money. So as long as it benefits you, sell.
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 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 closely monitored the price daily and read a lot of news about it and see if there are potentials for more growth or not specially in altcoins. If I see that the coins has been pumped up and ready to burst I make my moved and not waiting for the actual panic sells, in this way I can get out early and not lose my investment. As far as bitcoin, I try to hold it for long, and not panic sells. Of course there are times that I need some funds on my offline business so I sell bitcoin as the highest price at that moment, but not all, I just sell enough to cover or need additional cash flow and then try to buy back again if opportunity is there.
I don't blindly follow market price without any plans and i don't wait without selling thinking that sky is the limit for my profits.I set a profit margin of almost 10% or 20% and as soon my invested coin reaches that price target,then i just sell my coins and complete the trade.Some don't set such profit limits and they simply follow the price rise thinking that it would continue to rise and suddenly when it gets dumped,then they suffer a huge loss by selling their coins at much lower price than their bought price.
it depend on the situations itself if the market uptrend still unstoppable i think i would wait a little longer to sell but normally 20-30% profit from my basic capital is enough for me and if the market situations downtrend and dropped gradually maybe cutting my losses will be my actions but there is no certain losses and certain profit in trading
When the price is high, that's when I sell. When the low price I will hold it, menuggu high price.
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 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.
From my side, since I'm not also online all day long. I check the trend of the coins that I have at least once a day.
Also, you need to read the thread related to that coin that you own so you will at least have an idea if it has the chance of doing great in the market or not.
If my gut feel says that this coin will do great in the future, I will hodl the coin as long as I can.
Usually, the downward trend for the coin depends on the dev team themselves.
You should know how to gauge if the dev team is about to abandon the project or will just do the pump & dump for the coin they created.
But if the development of the project is great and the dev team is active & really legit, then, there's high probability that you own a valuable coin.
Bottomline is, you need to be knowledgeable on what's happening to the coins you own even if you're not 24/7 watching their market.
Also, you need to read the thread related to that coin that you own so you will at least have an idea if it has the chance of doing great in the market or not.
If my gut feel says that this coin will do great in the future, I will hodl the coin as long as I can.
Usually, the downward trend for the coin depends on the dev team themselves.
You should know how to gauge if the dev team is about to abandon the project or will just do the pump & dump for the coin they created.
But if the development of the project is great and the dev team is active & really legit, then, there's high probability that you own a valuable coin.
Bottomline is, you need to be knowledgeable on what's happening to the coins you own even if you're not 24/7 watching their market.
Concentrate on school and then watch the price when BTC is in the tv news.
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 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?
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