Topic: How do you know when to sell - page 2. (Read 778 times)
The state of mind that gives you a positive click in your mind and wants you to get out with your current profits and/or even losses (so to save further loss), you should sell at that time listening to your instinct, to your sixth sense that asks you to do so. Don't regret of whatever happens the next moment. If you'd have waited a bit (like while we were all getting news of a pandemic spreading in a country but it has now spread globally), you could have got BTC for around half the price you paid for your coins (considering your purchase date to be exactly the day when you posted here or before).
Basically, trading is given a place to do analysis like tradingview, tabtrader, etc. that's why we know when to buy and sell.
Before you really use it you must understand the indicators one by one so that you more easily get instructions from it.
You can also understand a positive news or negative news like when this happens, covid-19 news spread throughout the world causing an unstable world economy.
Before you really use it you must understand the indicators one by one so that you more easily get instructions from it.
You can also understand a positive news or negative news like when this happens, covid-19 news spread throughout the world causing an unstable world economy.
This is all about your experience. You'll know when to sell soon, take your time, watch the market's fluctuations and be patient. Also, learn from your mistakes. Check out some cryptocurrency channels on YT like for example SideChain Podcast. You can also use one of the useful tools for beginners, for example CoinDeal has a feature called the Galaxy Score and it could helop you to decide when is the right time to sell or buy and which coin, check out:https://coindeal.com/support/article/galaxy-score
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 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?
Always consider the coin that you are trading. Assess the history of that coin, that will be a great help for you to decide. If you happen to see that the history is not that constant, probably that will be the best consideration for you to sell your coin if it reached a good price based on it's history. You may also want to look for the buy and sell order book, that helps me a lot.
Very simple for me. i don't have to wait for the price to skyrocket, once it hit my preferably choice as long as i bought below the current price. i sell off. some time it takes months, days or weeks to get above my cost price. some people has a stipulated time and amount they intended to sell off why some don't. i sell whenever i think the time is right.
...My portfolio is $500 of my savings so nothing big really. ...
In any case, it will be difficult to get an increase to your Deposit equal to $ 100 per month. Therefore, you just need to buy bitcoins and wait for the price to increase several times and then sell everything. Then it will be a significant increase for the student's budget.
It's a billion dollar question 
You know, we can't guess or predict exactly about price, where it will go? Technical analysis can help us about price movement, reduce risks and increase win rate.
Well, if you really want an answer, you should learn and master at Fundamental analysis, Technical analysis, Market sentiment, and most important is your mentality. Then you get your answer.
You know, we can't guess or predict exactly about price, where it will go? Technical analysis can help us about price movement, reduce risks and increase win rate. Well, if you really want an answer, you should learn and master at Fundamental analysis, Technical analysis, Market sentiment, and most important is your mentality. Then you get your answer.
I agree with the post above. In such matters, one must not succumb to external provocations. It is necessary to carefully analyze all the factors and have a lot of patience so as not to get into the prosak.
If you can manage that then you're already further ahead than 99% of people out there ever will be. It's very easy to say that when things are boring or you don't have large amounts on the line. Only the truly icy can maintain that when things are popping left, right and centre.
I agree with the post above. In such matters, one must not succumb to external provocations. It is necessary to carefully analyze all the factors and have a lot of patience so as not to get into the prosak.
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?
Naively (but it is true), when you hear many people around you talking about something like: "Buying it now or you will lose your change to become a milliionaire", "That one is a very potential coin/token, you should not miss it", etc. It is the very good time to think of selling and taking profit for your portfolio.Most of people buying because of motivated noisy environment around, will end with stuck on peaks or all time highs. Being neutrally when you fall into such period and determinantly make your sell orders.
For guaranteed, I think the time to sell is when you are not lose. Just tiny profits are still good to sell. 
The best thing that you may do to learn when is the good time for selling cryptocurrency is to do a research, and observe the market, if you really want to win in trading or selling bitcoin then you must observe and analyze the inflation and deflation of the market. Bitcoin halving really affects the market.
You should learn all the basics of different cryptocurrency in order for you to make money from selling it. There are a lot of people who get lost because of being unprepared and not doing research about it, do not follow them, the best thing you should do is be patient and hardworking of learning the basics of different cryptocurrencies.
You should learn all the basics of different cryptocurrency in order for you to make money from selling it. There are a lot of people who get lost because of being unprepared and not doing research about it, do not follow them, the best thing you should do is be patient and hardworking of learning the basics of different cryptocurrencies.
Since your topic is about trading I guess it is better to move your thread at Trading Discussion - https://bitcointalk.org/index.php?board=8.0 you can move it by editing your thread and find the move topic and you are good to go. Back to the topic How do you know when to sell, You can set some limit or targets like 5% or 10% profit. If you reach that percentage you can sell your coins. Some exchanges have stop loss/stop profit feature so better learn about it.
Indeed, this thread should be in the section of trading discussion, there would be a lot and good answers that he might have if he move this thread in that section. Selling coins is not a simple thing, you will not assure yourself to win that kind of thing unless you do some research about it. 
But again, I don't want to be a hodler; I want to be a trader. How do you guys know when to sell?
This is question in similiar style to what is meaning of life? You can't get any definitive answer to that, everyone uses different set of "rules" or informations to decide if they will sell. Most often they use emotions which is bad no matter what in trading.
Small portfolio of crypto $500, can't get you many trading styles, you probably want to focus on day trading to slowly make it $5000.
Watch out tho, if you are tired or trading long time, you will make mistakes.
One of the most successful investors ( I can't remember which one ) was once asked to what he attributed his success. His reply was " selling too soon".
Welcome to the world of trade. This world is one of the of the world that needs Patience while you keep your trade, I mean: having good time on trade as a result of a long-term trade and not short-term. Long-term can actually fetch you more gains and be safer alongside your trade career. For buy low and sell high implies that: you must be a good holder than a panic seller. More also, you should do more research before buy cryptocurrency for trade, check exchange volumes fake increase and don't be greedy.
That is why trading is really difficult because you don't know when to sell your holdings, there are two possible outcomes if you sell or hold your tokens. It is either you are happy selling it after that particular token you are holding or you are regretting your decision to sell because the value rises up. We all know that cryptocurrency is unpredictable and that is why it is hard to trade, but if you have plans and you have a really solid portfolio to guide you in trading, and also if you have a lot of knowledge about the market, I can say that you can really earn and it is depending on you when to sell and when to buy tokens that you want to hold. There are some people who are really getting involved with trading without taking any important information, knowledge is really important when you are doing business especially trading because one single mistake, you can lose your money in just a blink of an eye. 
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?
This is the decision that you have to take alone, it's all goes down on how much risk and how much profit that you have to take some traders are willing to take 5 to 10% profit, some traders wants more when they see the market is going better, you have to decide your level of profit and loss that you can accept.
It is entirely up to you whether you sell or not when the price is high or buy when the price of bitcoin is at the lowest price. If I were you I'd rather buy btc at the lowest price and then sell high. It's what many people advice to new traders. Buy low and sell high may take longer if the price of bitcoin is slowly increasing or decreasing. You should also check the price movement like in coinmarketcap. Just don't buy or sell your btc at the price you bought, in short you just bought $100 worth of btc and sell $100 worth of btc. Some trading sites have fee for trading crypto.
Doing the exact opposite of what your emotions are telling you to do usually pays off nicely.
True how much far we keep emotions out of trading that much good trading goes , but its hard to do it with experience and internal control we have to eventually push emotions out of trading 
I never know when to sell. Too greedy 
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