Knowing a perfect time to sell is hard for any trader. Everyone wants to make most amount of profit and don't want to exit just to find price jumps 10x from their exit.
1 - Use Technical indicators - They were created so people would not get entangled in emotions when doing a trade. When you are overwhelmed by your emotions you are going to make decisions that might not be beneficial to you. There are many TI available, choose the one that fits you trading style.
2 - Don't get too greedy with your investment - Greed is hard to manage trait for investors. You can manage it only by constantly working with yourself and knowing when you are getting too greedy. There are tools available like the one I mentioned above but you'll have to do all the work yourself.
3 - Always set a target before you enter any trade - Choose a reasonable exit before you make any trade. Stick to it! If market goes higher than your exit point, don't worry about it. This is where TI comes in play that'll help you get most amount of profit.
Topic: How do you know when to sell? - page 9. (Read 2189 times)
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?
You can’t tell the right time to sell in the cryptocurrency market. The best thing to do here is to have a target, and when you reach that target, you sell your coins. Just like you said when the price goes up, you can sell your coins once you have made enough profit and not leave it there for long because leaving it there for a long time means that you will be at risk of losing it. When you try to get everything, you end up not getting anything at all. The price of bitcoin moved from below $10,000 to $40,000 and some of my friends sold a percentage of their coins.You can be taking a percentage when it reaches a new milestone. 
Crypto trading is risky and no one know the perfect time to sell cause market prediction will never provide 100% accurate result but what's important is you understand the risk involve in crypto market, understand the promising level of the project/coin you picked interest in and set an exit plan.
It just only pure speculation, we live in this market where we are not 100% about the incoming. We never know when to sell and as well as when to buy. We usually use our common sense and this is really hard for those who are not good at this. What I mostly did in making a decision when to sell, is when the time has come that I'll be seeing some profit. 
Crypto trading is risky and no one know the perfect time to sell cause market prediction will never provide 100% accurate result but what's important is you understand the risk involve in crypto market, understand the promising level of the project/coin you picked interest in and set an exit plan.
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?
As long as I've made a gain, that's all it. There's no need to wait for any moment that it will go more than the gain is, as long as I'm very much satisfied with the gains that I've got with it, I have no other complaints. Especially if that alt is about to be dumped by me and I'm only waiting for the right moment for it to sell. You can hold for long if you truly believe what's on it. And you just do the typical strategy, you sell at profit and wait for it to become cheaper to eventually buy back.
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...
You're absolutely correct about leaving the profit to run because we start imagining things we could buy with it, the cars and posh things. Well, it's the insatiable appetite in every man. There's nothing wrong in doing that. However, you've to be certain you know why a token you're holding is pumping before selling off. If it's pumping because there's an incoming development or programme or collaboration, then still hodl it. Selling off at that point will be premature. But if a token is pumping because someone who has a large subscriber base or followers said buy, then just take your profit immediately it gets to your risk level and run for it's a pump and dump.Does anyone have a good strategy for knowing when to sell?
There's no holy grail. Trading is speculative in nature. Your best bet will be to rely on leading indicators and if there isn't any news to distort it, price will surely do what the indicators predict it will do. 
if we talking when to sell based on technical analisys its complicated, but if we talk in another side i am suggest to sell when we got enough profits for ourself. enough profits for each traders will be different, some one maybe need to 100% for each trade , but for another traders 20% was enough to close his position. once again its depend on how greedy we are .
if we want short-term trading, I think 20% profit for each transaction is very good, in contrast to long-term trading where 100% may feel less to take profit. and I think 100% can also be achieved in a short time, when the price is experiencing a pump. The main thing is that we must know when to get out of the market, don't be controlled by greedy feelings ~
I never held any alts, but if it is a profit I would sell as much as possible already. It might seem that I am panicking but most alts tend to dump harder when BTC dumps so I would not just leave that coin in my wallet.I am all into BTC not alts.
if we talking when to sell based on technical analisys its complicated, but if we talk in another side i am suggest to sell when we got enough profits for ourself. enough profits for each traders will be different, some one maybe need to 100% for each trade , but for another traders 20% was enough to close his position. once again its depend on how greedy we are .
There is no hard to determine when to sell. If you bought Bitcoin at $32k and when it reaches $38k, you can sell it. I'm not seeing it was a perfect price to sell but at least we gain some profit. And in the first place, we never know when exactly the market will pump even we use trading tools and anything.
And you also don't know when the price is going to dump. It could happen so quickly you can't even click your mouse yet and the price could dump as low as 20%. So when you profit a little and you see it's almost unlike to happen when there is no news that causes its leap, sell it. Taking profit is not bad, its normal that the price will always be dragged down when you know people are going to dump before you.
There is no hard to determine when to sell. If you bought Bitcoin at $32k and when it reaches $38k, you can sell it. I'm not seeing it was a perfect price to sell but at least we gain some profit. And in the first place, we never know when exactly the market will pump even we use trading tools or anything. I'm not aiming for x10, x100, so if there is a chance and I know I was already in profit, I'll take those opportunities, instead.
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?
If it's because of greed then expect that no one will sell even it's pumping because of the mindset that the price will increase more.
When to sell? It depends on how you looked at the situation. Create your own criteria as following others might not work for you.
And more importantly, trust your analysis. If you want to sell, then do it without hesitation. If the price goes up more, then just wait patiently for a downtrend. Don't feel regret for it as you can always take a chance to make an entry. As you progress, that question should now be easy for you. Experience will tell you how to deal with that.
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I will simply set a certain target of price rising up to take the profits. I am learning from my own experience while being too greedy by not taking profits when it has reached more than 20% and the price is dropped. Well, I am sure that everybody has a different target. However, I personally always use around a maximum of 70% of my asset to trade after reaching a certain increasing-price during 24 hours, and of course, it must be balanced with analyzing the market changes. And then the least will be saved for long term investment (but of course this is only for top coins if you are trading hype coins which ar every very risky, you must as soon as possible taking profits if it has reached your own profit target because may be falling down very deep after rising up. watch out for this kind of shitcoins). DYOR
Well, you can use a tool on this like market price tracker and the last one is automated trading tools to execute orders so sell if you are in trading.
But it is very simple to determine a good project to hold if the team is still active in the community, there is a chance that the coin will grow but if the scenario were opposite and perhaps that coin will become shitcoin that totally did not have value in the market. However, you can also get profit if you will see that your profit was there and that is the right time to get profit. Cryptocurrencies in nature are not predictable, --which means there is no way to know when to sell.
But it is very simple to determine a good project to hold if the team is still active in the community, there is a chance that the coin will grow but if the scenario were opposite and perhaps that coin will become shitcoin that totally did not have value in the market. However, you can also get profit if you will see that your profit was there and that is the right time to get profit. Cryptocurrencies in nature are not predictable, --which means there is no way to know when to sell.
I think it is depends on what coin that i hold because if not a big coins, i prefer to be safe than gain. I mean there are bigger chance other altcoin can be dumped hard after pumped especially some new coins that just listed. So it is better to take profit immediately if we see there are good chance to sell our coins.
The right time to sell is when the price is overbought or the price is at its peak or at the top resistance.
But in general the best time to sell is when you've earned a few percent profit and then sell it. Usually it has been determined in advance what percentage of the target to be achieved. It all depends on the initial strategy, but technically Overbought Resistance becomes a benchmark for selling assets and depends on the Time Frame how overbought will be seen.
But in general the best time to sell is when you've earned a few percent profit and then sell it. Usually it has been determined in advance what percentage of the target to be achieved. It all depends on the initial strategy, but technically Overbought Resistance becomes a benchmark for selling assets and depends on the Time Frame how overbought will be seen.
If you are using Technical analysis, You can easily tell your selling point.
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I don't see it that way, no. Indicators can certainly not be used to "easily" determine whether you should sell or not. Take a look at the RSI you mentioned in the BTC bull phase from January to early May. You would have had to sell based on the RSI at the end of March and would have missed out on a lot of profit. -snip-
An indicator is exactly what the name says, it points to something, but you can and must never rely on it blindly.
One of the strategy is to make profit for example you have invested at $500 suppose and the prices now are at $700 and you don't know next move just cash out your $200 profit and stand at your base of $500 and then notice the market reaction.You have to make your own strategy to struggle in the market and grow with intlectual mind and risk taking capabilities.Set your threshold limit upto which you can hodl.You will automatically come to know that whether to sell or not as there is no fixed time for buying or selling and it all depends on how you make effective choice at that time.
Those type of strategies are the reason why people who know economics will always profit in the long run. Obviously you can never know which coins will go up at all times, there is no person who trades at 100% correct rate, however if you know what to do when going down and what to do when going up, if you are always ready for whatever happens, if you know why you should buy something at which time and when you should sell it, then you have a great deal of chance.I have a friend who is a professional auditor (I hope that is the word, doing audit) and dude got into crypto in the worst possible moment at 2018 bear market and turned his 20k into 2+ million dollars, to be frank he did a lot of it during this past year but he was at around 120k anyway at the start of 2020 as well, which means 6x increase from 2018 to 2020 and in 2 years so that is still quite good, then in the bull market for the past 1.5 years he turned that into even bigger profit, how? Well he knows how economics works, crypto or fiat.
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?
It's definitely an individual thing, knowing when to sell is very important in order not to lose out on the profit you have already made, I think the best way to know when to buy or sell a coin is through Technical analysis (T.A) , because with technical analysis you can predict the future price of a coin to an extent, even though it doesn't always go as planned since fud can come out anytime, doing a T.A will help alot in determining when to sell a particular coin. 
If you are using Technical analysis, You can easily tell your selling point. There are few indicators to use to know your about to sell, RSI is my favorite indicator since it works for me the best. Checking if the coin is overbought during a large movement could help you to decide if you will sell or not. Trading action with basis could make your take profit worth it since it could identify the best possible profit you can get.
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