Topic: How do you know when to sell (Read 778 times)
If you know your target sell price then you should know when to sell. Decide if you are going to sell long or sell short.
for me you have to get a certain target of a price for you coin or bitcoin, sometimes people aim for a certain target which is impossible, a suggest don't expect too much of a profit because it will just disappoint you, small profits when combine together is better than a big profit but takes forever and sometimes fails you,
for me you have to get a certain target of a price for you coin or bitcoin, sometimes people aim for a certain target which is impossible, a suggest don't expect too much of a profit because it will just disappoint you, small profits when combine together is better than a big profit but takes forever and sometimes fails you,
It is best to have several of these goals and sell assets in parts at 20% -25%, with a ladder.
This will help minimize any risks, because if something goes wrong you will still have most of the deposit to correct the situation.
How do you know when to buy? if you are able to buy at a LOW PRICE. SELL when the price is high and take your gain. that is business. Never insist on waiting for more price increase. you will always loose out. My answer to your question is, there is not perfect time to sell. so sell immediately you have profit and don't be greedy.
I am a college student looking to make a buck every once in a while trading crypto (mainly BTC). My portfolio is $500 of my savings so nothing big really. This is like a pilot project where I get to learn what is what and see if I can trade. I am considering going full time during summers and hopefully after finishing college if summers will have spared me. The question I am constantly facing is, how do you know when you should (or have to) sell? When the price is rising, I don't want to sell because... greed ––tbh. But again when the price is dropping, I don't wanna sell either... sometimes the price might be lower than when I bought. In general, I am bullish that the price will eventually rise and I will make a killing, so no need to hurry. But again, I don't want to be a hodler; I want to be a trader. How do you guys know when to sell?
it's not easy you need to set your destination for how much profit / lose you will close your trade. better use stop lose so you don't lose too much money.stay active when you trade so if there's pump and dump you can take advantage and make money.you need to learn how to trade and have patience for trade.
Well for me i only sell my btc and some of my altcoins if i really really need some cash even i wont get profit. But if its not that emergency i wont sell any of my holdings until i get +500% of my roi.
i don't know why but sometimes i feel any trading strategic doesn't work for me. i usually use my feeling when i want to start open position. 
Put an imaginary £500 into an imaginary trading account. Then pretend that you are trading with it by making imaginary purchases and sales. See how you get on for 3 months. If you make an imaginary loss, then you need to do some more reading. Analyse your trades,and if you feel comfortable with them, then try speculating with £100 for another 3 months.
On the flip side, demo trading isn't the same as live trading. The first doesn't harbour any emotion while the second has it packed. Remember, emotions are the major killer in trading besides Money Management (MM) misappropriation. While OP is getting the required skill set for trading, I would like to advise that they adopt the simple method of selling when others are buying, and buying when others are selling.
Well... Trading is tricky.
And i wonder what should be done in a scenario like this:
I buy 1 btc @ $7000, and the price goes up to $8500 within 3 days.
Now how do i get my profit?
Option 1: Do i sell the 1btc and get the $8500 in full
Option 2: Do i sell $1500 worth of bitcoin to get my profits, and leave the remaining $7000 in bitcoin.
Which would be a better option as an upcoming trader?
And i wonder what should be done in a scenario like this:
I buy 1 btc @ $7000, and the price goes up to $8500 within 3 days.
Now how do i get my profit?
Option 1: Do i sell the 1btc and get the $8500 in full
Option 2: Do i sell $1500 worth of bitcoin to get my profits, and leave the remaining $7000 in bitcoin.
Which would be a better option as an upcoming trader?
Sell when you know that you'll be getting any profit,that' what i do.
So what actually do you do with that? You maybe checking your wall every hour now and then i guess. Well that's good if you are a full time trader. I am a college student looking to make a buck every once in a while trading crypto (mainly BTC). My portfolio is $500 of my savings so nothing big really. This is like a pilot project where I get to learn what is what and see if I can trade. I am considering going full time during summers and hopefully after finishing college if summers will have spared me. The question I am constantly facing is, how do you know when you should (or have to) sell? When the price is rising, I don't want to sell because... greed ––tbh. But again when the price is dropping, I don't wanna sell either... sometimes the price might be lower than when I bought. In general, I am bullish that the price will eventually rise and I will make a killing, so no need to hurry. But again, I don't want to be a hodler; I want to be a trader. How do you guys know when to sell?
Trading actually is quite different from what you have pictured in your brain. Day trading is 99% done with leveraged options. Judging by your post it is obvious you don't know that traders don't buy and sell, but they bet on the price going up or down. This is going long or going short.
Since you don't know what shorting is, you have a lot to learn. Try making a test account in some of the trading sites that allow this just to find out the options available.
For me i set my target on when i should sell my coins so i always get a profit.
Yeah i do the same like you do but you have to be patient using this technique.
For me i set my target on when i should sell my coins so i always get a profit.
Sell when you know that you'll be getting any profit,that' what i do.
It's the same for me. I don't like to sell but I like to get some standard money without quit. That's why I sell when I need money but not in a bear market. Actually I am waiting for at least $50K for BTC price to take some standard profit.
Trading is one of the god way to make money using yout own money as well, how do you know when to sell? That is easy mate, just rember these 2 things.
1. Buy when the value of cryptocurrency is low.
2. Sell when the value of cryptourrency is high.
Trading is somehow related to investments but it is more complicated becauae you should observe well the situation of the market because it reflects the value of different cryptocurrency.
1. Buy when the value of cryptocurrency is low.
2. Sell when the value of cryptourrency is high.
Trading is somehow related to investments but it is more complicated becauae you should observe well the situation of the market because it reflects the value of different cryptocurrency.
Learn the basics first mate, know the market and different cryptocurrency. This is the thing buy low, sell high. If you really want to make money from trading, you should buy crypto when it is dumping or when the price is in low, then sell it when the price of cryptocurrency goes high. So being a good trader requires you to be observant, always look abou tthe status of the market.
As of now, the best option to do is to hold it because the price of the bitcoin is not that too high. Just wait for the bull run.
As of now, the best option to do is to hold it because the price of the bitcoin is not that too high. Just wait for the bull run.
Before taking any trading related decision you should have strong knowledge of this. If you are a student then 1st complete your studies then gain some knowledge about this crypto industry and trade.
you can sell whenever you want. it depends on your mindset. you might choose to sell when the profit is right for you Or you might choose to sell when the falling out of control. it may take months to regain back the huge amount that was gather if you decided not to sell. make your choice and stand on it. if you are holding, then hold as long as you want for long term admires while short term traders should sell to get back their original money.
When trading crypto you need to know which news affects cryptocurrencies which is pretty much a fundamental skill to know which news affects cryptocurrencies and will allow you to predict which direction the coin will take...though charts and historical data can also help you in predicting the direction by knowing when a coin is either over bought or over over sold.
I agree with you because the trading charts will be the most effective at selling well If we can understand the charts well then we can easily determine the name of the price and it is not difficult to sell. Your knowledge is always useful when giving a token cell.
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