Topic: How do you know when to sell? - page 4. (Read 2175 times)
The best time is the time you have set and you take off profit when it reach that. One of the greatest mistakes is not having in mind how much profit you intend to make from a coin, This is very important because it shows you have plan for every of your moves and this is exactly what happens when you are a crypto trader but refuse to take profit when the price has gone up above the amount you have in mind
I think you need a smart strategy to enter and exit the market since crypto is so volatile and moves very fast up or down. To make money in crypto you need some experience plus knowledge of course. You have to lose money in order to make money later on. My own strategy for selling the market is not waiting to catch the ultimate top because it will never happen and if it happens , it's pure luck or a rare coinscidence, instead try to have a selling plan distributing your bags gradually and slowly up to the top. Good luck
I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell? I feel as though every-time I am in a coin that starts to make some good gain I leave it to long to sell..Anyone else do that. I heard it is because of greed, we star imagining all things we can do with our new profits, but the longer we leave it the more chance of not making good profits. Does anyone have a good strategy for knowing when to sell?
First you need to draw support and resistance on the chart. You should have some knowledge of MA and EMA , fib. ext to know all about them.
Once you have this understanding, then you can short or sell the coin at the resistance. This way you will have more chances of selling at the right time. Most people sell early and then regret.
Seriously I don't believe there is any specific time when you have to sell your coin I just believe before you enter market you must have a target, you should have a entering price and when to sell. But sometimes I believe whenever you think the price is high you can definitely sell and enter again whenever the price is low. In trading everybody is having target and sometimes you have to wait to attain your target before selling the coin depending on the way you are seeing the coin but sometimes you don't have to attain your target before selling if you notice the market is not that good.
On my part, I only sell when I already reached my target profit, there is no specific value that we can say but if my investment already get times 5 then I will pull it out, those coins that are only good for pumping and dumping but those coins that have potential in the future is still holding until the next halving.
Target orientation is a good way of trading, so we will not be greedy and let go of the transaction. when it reaches the target, sometimes the price will continue to go up, and as a disciplined trader, our feelings should not be sensitive to it. but think about devising the next strategy, because no trader knows when the price will reverse 
There are individuals who choose to close their position when they have part of benefit or maybe, mentally talking when they are content with the profits. The take benefit could be in bunches however independent of what technique you concoct, your underlying venture ought to consistently be gotten as the market particularly that if altcoins is entirely flighty.
Well many of us assigned how much percentage we will consider before selling , Like me i am targeting 100-150% profit when i am considering long term holding but when I'm into short term? at least 15-25% is more than enough for me to sell out and then look for another coin to buy back.But of course this is not about my Bitcoin because for the highest ranking coin i only reserve a time and not a percentage meaning i will sell if i declare at least 6 months to 3 years of holding.
I study the coin through the websites and the graph of the coin through which I can take some advantage and which can help me to sell the coin in a profit, even I can sell it in a less profit but not in loss at all in most of the situation. So, you have to study the coin from different areas, which will give you the benefit.
Research should always be a part because taking any step without proper knowledge and basis is basically gambling and that kind of mindset wont work out on this crypto fieldbecause you would most likely end up on loss.Sell on profits and this is the main target of all investors but making decision would really vary from time to time because we do have different decisions
on certain conditions and outcome of your trades will be affected by lots of factors but due to experience you would really able to handle it out but expect that losses is inevitable
what matter most here is that you do profit in the end of the day.
I study the coin through the websites and the graph of the coin through which I can take some advantage and which can help me to sell the coin in a profit, even I can sell it in a less profit but not in loss at all in most of the situation. So, you have to study the coin from different areas, which will give you the benefit.
The Bitcoin course has experienced many ups and downs in the past, there will always be good chances of selling at a profit. How big the profit margin is is at your own discretion. The right time is therefore a matter of your own opinion. Alternatively, risk something with Altcoins and you will be able to make profits without much greed. Regular sales can lead to trading and that costs fees that can be saved.
I actually do a simple trick with it .I just set a price where i really wanna sell my coin i don't get panicked after it and i never ever forget to set my stop loss .Fortunately i never fall to touch and hit the stop loss .Its because i never buy any shitcoin which can pump within a second and get lost within second .I wait patiently after entering the market and hold my nerve until i get my goal .
You are amazing. It is difficult for me to do it. First of all I do have targets before I start my investment. And I try to set targets with levels. First I start with what can easily be accomplished at the moment and then I move up high. And I also plan on how I’m going to execute the trade when I reach those targets.
So, what I am trying to say is that when I am trading any altcoin, I have a price in mind that I would like to sell at, and once I reach that level I look for the possibilities of that coin going up further, and I can decide to continue with the holding, sell part of it , or sell all. So, you have to be calculative, and also do your analysis, because that’s what is going to help you decide.
That's trailing stop loss. For example you buy something at 100 dollars, and you put the sell order at 110, if it reaches 90 then you sell as well. So if it reaches 105, you turn it into 95 to sell and 115 to sell range, if it goes to 110 then you turn it into 100 to 120 range instead. You do not change the lower side though, so let's say it reached 150, and you will sell at 140 and sell at 160 in that logic right?So, what I am trying to say is that when I am trading any altcoin, I have a price in mind that I would like to sell at, and once I reach that level I look for the possibilities of that coin going up further, and I can decide to continue with the holding, sell part of it , or sell all. So, you have to be calculative, and also do your analysis, because that’s what is going to help you decide.
If it goes to 140 you sell it, you do not drop your sell as well just like you increase your profit taking. This way the higher it goes the higher you wait but as soon as it starts to drop you start to sell it as well. It is trailing method and it works like charm in a very volatile market, it doesn't work at all in a boring market like the one we have right now for example, it barely moves these days and it is always stuck between same prices.
Multiple people will give multiple opinions.
But it’s only the you who needs to follow the right decision.
So basically what i do is set a certain limit when to sell.
Suppose I buy a coin for 1$ then i try to wait for 15% profit and sell it when it reaches the mark.
This is a safe play according to me. But yes you can gamble by increasing the profit percentage.
This is how you should do it OP.
Yes, only you can tell when you're going to sell it. But for me, if I will be the one who is asked this kind of question then I will say that I will sell it if I already reach what my target is. But, it is good also that you will sell it during the increase of market prices and when you already reach your goal in it. You will receive high profit if you have patience. During downfall, I guess might hold your coins for you not to regret it. But it’s only the you who needs to follow the right decision.
So basically what i do is set a certain limit when to sell.
Suppose I buy a coin for 1$ then i try to wait for 15% profit and sell it when it reaches the mark.
This is a safe play according to me. But yes you can gamble by increasing the profit percentage.
This is how you should do it OP.
It's a subjective to be honest because if you remove analysis on the equation, knowing when to sell is purely instinctual and goal oriented meaning that some people just have this gut feel to sell their bitcoin and others have reached their target price and they sell no matter what.
I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell? I feel as though every-time I am in a coin that starts to make some good gain I leave it to long to sell..Anyone else do that. I heard it is because of greed, we star imagining all things we can do with our new profits, but the longer we leave it the more chance of not making good profits. Does anyone have a good strategy for knowing when to sell?
First of all I do have targets before I start my investment. And I try to set targets with levels. First I start with what can easily be accomplished at the moment and then I move up high. And I also plan on how I’m going to execute the trade when I reach those targets.So, what I am trying to say is that when I am trading any altcoin, I have a price in mind that I would like to sell at, and once I reach that level I look for the possibilities of that coin going up further, and I can decide to continue with the holding, sell part of it , or sell all. So, you have to be calculative, and also do your analysis, because that’s what is going to help you decide.
Multiple people will give multiple opinions.
But it’s only the you who needs to follow the right decision.
So basically what i do is set a certain limit when to sell.
Suppose I buy a coin for 1$ then i try to wait for 15% profit and sell it when it reaches the mark.
This is a safe play according to me. But yes you can gamble by increasing the profit percentage.
This is how you should do it OP.
But it’s only the you who needs to follow the right decision.
So basically what i do is set a certain limit when to sell.
Suppose I buy a coin for 1$ then i try to wait for 15% profit and sell it when it reaches the mark.
This is a safe play according to me. But yes you can gamble by increasing the profit percentage.
This is how you should do it OP.
I'm a long-term hodler so I do exactly know what price I am going to sell, I did try doing short-term for a little while and my instincts tell me that if the profit percentage is a green, I pull it out immediately and list the price I got out in my spreadsheet and then wait for the prices to go down again and if it's lower than the last listed prices, I will buy it again. Simple system although not a perfect one.
It is important to have a system like yours, not an actual software but a process where you're going to list the profits that you've made and how much you've bought it.That makes you organized with your trading strategy and some might just go with this strategy and give them an idea that it's going to help them to be organize as you are.
There are individuals who choose to close their position when they have of benefit or maybe, mentally talking when they are content with the profits. We need to take a gander at the moving business sector costs now and again and have expansive understanding that can uncover data or things that can influence value developments on certain coins,until we can decide the time-frame to begin it.
I'm a long-term hodler so I do exactly know what price I am going to sell, I did try doing short-term for a little while and my instincts tell me that if the profit percentage is a green, I pull it out immediately and list the price I got out in my spreadsheet and then wait for the prices to go down again and if it's lower than the last listed prices, I will buy it again. Simple system although not a perfect one.
without a doubt that this is the biggest difficulty anyone has, when investing in a project we cannot know when to sell, we cannot know what price X is the exact price to sell to protect our capital, it has happened to me many times to sell and then the price keeps going up and I regret it, but there were times when I sold and the price went down a lot and I was happy not to have lost money. in case of day trading the story is completely different, there are trend reversal patterns you can use
it only serves if it is to day trade, in case of buying a currency that is having a pump, it is very difficult to know when there will be a dump
Signals, chart movement, the time frame chart, and market knowledge are important to execute a successful sale.
it only serves if it is to day trade, in case of buying a currency that is having a pump, it is very difficult to know when there will be a dump
Signals, chart movement, the time frame chart, and market knowledge are important to execute a successful sale. Personally, I am still not that technical to identify the chart movement and analyze the signals accurately, I do make mistakes, and usually, my successful sale is based on market knowledge and other few factors. My teacher who taught me trading often helps me but the decision is completely mine along with the liability. I prefer and advise you not to take advice everytime or else you won't learn.
Jump to: