How do you know when to sell? - page 16.

Rana590

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Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

Everyone will be able to generate huge money if he knows when price will up or down but unfortunately it's not possible. Personally I always try to earn 4-10% profit from trading. In my opinion, up to 10% is okay to sell. Intension to get higher profit can bear bad effect in your trading experience.

isaac_clarke22

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Quote from: Pejoh Asu on February 15, 2022, 09:40:50 AM

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That kind of depends on my case. Remember when many people were eyeing Bitcoin to reach past 20k, but then it managed to get way past higher than that and it was even past that predicted price.
Just selling immediately just because it reached a new ATH would be quite risky. Wait for the price to at least stabilize before you decide to call it all quits.

Pejoh Asu

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If there is a new ATH then I will sell immediately, I think the easiest thing to know when to sell is that the coin has passed new ATH, never be greedy and think to continue to hold because market conditions are difficult to predict so selling when you can pass ATH is a very profitable thing.

Mr.Scott

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Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

You should choose indicators you can rely on. You should convert some of your holdings into profits. I am fairly sure that any coin whose market cap gets to the top 100 will be able to survive well on the market. It'll likely hit around a price at which point you'll probably make your profits.

Quote

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

I'm still recovering from such a traumatic experience. Altcoin investments are only for a short period. Dead coins never rise again. The sooner you sell at peak, the stronger you'll be. If you don't sell early, you'll regret it later and become destroyer.

pushups44

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Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

It's important to take profits when the market is very bullish and rising parabolically, in my view. It can be difficult during this period because the market is so euphoric and the expectations are typically that there is so much more room to go up - you are basically seen as an idiot for selling during peaks, because the price targets have been placed even higher throughout the media. Selling right at the peak is difficult and a matter of luck, however. If you can take out what you initially invested and let your profits ride, this may be a good idea.

I sold a portion of my holdings when I saw there were issues with the S2F model late last year, and I realized that we could be entering a bear market. So I hedged by selling some of my coins while I was in profit to have spare cash in case of a bear market. I also think listening to both bulls and bears can help an investor remain more grounded or level-headed.

However, certain coins I will not sell, such as bitcoin and Ethereum. They are a store of value for me.

HyunBin

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Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

Well for me I hold the idea that profit is profit which mean that every time that you see a good amount of profit then take it don't be greedy because most of crypto enthusiasts failed to think like that the lead them to profit loss instead of profit gain.

YinShuiSiYuan

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Sometimes I do daily trading and the moment when I sell is already profiting according to the target I designed, usually I have a profit target of 15%, but if the market is red and I lose 20% then I immediately cut the loss and immediately switch to stable coins while waiting for the moment right to buy again.

10%-15% of target is quite good already.

And if it's about cutting loss, maybe applying the same percentage will help you to lessen the losses that you may incur.

It depends on the trades but if you're in profit for more than 10% or 15% that should be enough not to be greedy at least.

I totally agree. Depending on how big money I trade and on which cryptocurrencies, and as I see that the waves are often repeated, I sell even with up to 5% profit (more often 10%). When there are a lot of moves I am able to do the buy-sell trades safely even 3 times a day. Also when it comes to cutting costs, in my opinion it is better to stick to the same % when price goes up and when it goes down.

molsewid

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Quote from: sana54210 on February 14, 2022, 11:36:32 AM

This is why I love long term investment. I feel like there is nothing that I need to check aside from having a good future and a great fundamental and not being a scam. Like for example if you build a basket with bitcoin, litecoin, ethereum, ada, bnb, and coins like that then you are going to make a profit in 10 years.

I am not sure if ALL of them will be high, maybe one or two will go down and not liked anymore and will not profit you and just crash and be gone. However, the overall will be profit for sure, that is what I am sure about. Even if you buy simply just bitcoin, you will be able to make a big profit in 10 years. This is why long term investment is easier. If you want to do short term, you will need to educate yourself a lot more than anything else and it would be very difficult, not impossible but very difficult to do.

Having these kind of coin in your basket like bitcoin, ethereum, ada, bnb, sol, and xrp you would not going to feel threatened to hodl it for a long time investment. I mean that you know in yourself that these coins are worth it to hold and valuable even in the long run because it's use cases are usable even in the following years. Answering the question of OP of when you know a time to sell my answer is depend on your choice, it's depend if the market price of your token is enough for you to sell and if you are going to earn from it the. It is better but if you know you will not going to profit from it the. Why would you sell right.

sana54210

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when it comes investing a coins and you preferred to do short term only then you must make technical analysis on daily time frame and look for the current support and resistance because thats the only key level where the price respect and making correction afterwards. And also make fundamental as well so that you can get more information when the growth rate of the coin will stop and make correction. You should know about these stuff if you really want to know when to buy or sell in a right time.

This is why I love long term investment. I feel like there is nothing that I need to check aside from having a good future and a great fundamental and not being a scam. Like for example if you build a basket with bitcoin, litecoin, ethereum, ada, bnb, and coins like that then you are going to make a profit in 10 years.

I am not sure if ALL of them will be high, maybe one or two will go down and not liked anymore and will not profit you and just crash and be gone. However, the overall will be profit for sure, that is what I am sure about. Even if you buy simply just bitcoin, you will be able to make a big profit in 10 years. This is why long term investment is easier. If you want to do short term, you will need to educate yourself a lot more than anything else and it would be very difficult, not impossible but very difficult to do.

bittick

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Im always using the waves as a way to take the best rate to sell my tokens. Sometimes i was selling at the incorrect point but i were only waiting until the dump will happen and then i can tripled my tokens instantly. It's about how smart you are to take the advantage from the market. You must always remember that when market is getting over bought and this can be the best time to sell your token. I didn't sell all of my tokens but keep only a very small portion as the reserved fund. People may call that if this hard to do but as long as you're decipline and you can do that easily.
The most difficult thing to determine which the best candle to sell.

mirakal

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It's hard to know when is the best time to sell, I often do the wrong analysis so when I get a profit of more than 30% then I immediately sell, but a few days later the price skyrockets again and I lose the opportunity to make a bigger profit if I still hold.

Maybe you regret a little when you sell and find out the price is skyrocketing. But I don't think it's too much to regret. Sometimes it's good for us, moreover the profit has reached 30% as you said. Don't be too greedy, even though the price really goes up, because it could be that greed can make us lose. So I think it would be better if you set a profit target to be able to maintain our psychology.

Always follow your game plan, if you ask more even though you already made a profit when you sell, then that's greediness and that is trading using your emotion which is bad in the long run. Trading with consistency makes you profitable, even if you make small profit everytime as long as it's consistent, you should follow that simple but working strategy.

KaliLinux

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Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

It depends on your intention for investment, day trading is different from long term investments so profits target varies, however, since I mostly Hodl, I just follow the market trend for the season and might decide to take some % profit once am comfortable and reinvest when I feel the market is right to enter again which might not be the very bottom.

rojan

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A trader must have enough patience. The reason is that if a trader loses his temper, it is likely to end. Most of us don't know when to buy coins and when to sell coins. We can't even imagine when the price of coins will go up. All we have to do is buy a coin and wait for the price to rise. If it is traded in this way then there may be some profit.

kentrolla

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You will get different opinions from different users and they are all valid, i personally set up a target for selling and once the price of that particular coin comes closer to th target I book an OCO (one cancels another) at a higher sell price and set up stop loss at 5% lower than current price to avoid losing out on profit or incurring loss.

Sometimes I do go by candles when I am free and just buy/sell based on candle and 5 mins chart helpsme to identify the buy/sell level.

sana54210

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Quote from: iamsange on February 12, 2022, 12:45:42 PM

Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

Regret or greetful is something common in crypto trading. But all of it is depends on how our emotion can be affected when we doing trading. Like if we regret, just don't let it keep going and do something maybe to minimize our loss or strenght our heart so we are not afraid to hold the coin longer.

If you let your emotions decide on your trading, that is bad but if you assume that even the greatest traders do not have emotions then you are very wrong. Everyone has emotions and everyone keep feeling something but at the end of the day if they do not use that in their trading then it is fine.

There is nothing you could technically do to make it go wrong if you keep your emotions away, just stick with your strategy and keep on trading that way. I personally have tons of emotions, fear, happiness, greed, afraid all of them while trading but I do not let them dictate how I am going to trade and that helps me out a ton and that is how I can stay so long term, even during big bear drops.

gantez

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Quote from: Dr.Osh on February 13, 2022, 01:38:09 AM

personally, I don't see a pattern or anything like that. however, I once sold an asset when the price went up quite high, and when I sold it, it turned out to be up more than 200% after that. yeah, that makes me regret. the other thing is, I held the coin too long, and wished for a higher price. the result is currently the coin is dumped very far, and I am still holding the coin.

I can't know if you mean you still bought the coin and hodl it for longer time after the time you earlier sold in profit because your post does not explain very clear but if you sold in profit and the coin went high 200% above your sold price, no need for expressing of regret because you made profit from the sale that you make.

Quote from: Dr.Osh on February 13, 2022, 01:38:09 AM

Quote

I held the coin too long, and wished for a higher price. the result is currently the coin is dumped very far, and I am still holding the coin.

Some coins have low trading volume and having few chances of pump so missing the pump time is difficult to get another chance and they can keep dropping. It is better following the group discussion of the coin we hodl.

Dr.Osh

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personally, I don't see a pattern or anything like that. however, I once sold an asset when the price went up quite high, and when I sold it, it turned out to be up more than 200% after that. yeah, that makes me regret. the other thing is, I held the coin too long, and wished for a higher price. the result is currently the coin is dumped very far, and I am still holding the coin.
Well, to be honest, it's very difficult to determine when we will sell. however, selling when we are still making a profit, it is better than selling when we have made a loss.

Smitty Werben Man Jensen

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Quote from: Anguwa on February 12, 2022, 04:22:32 PM

Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

I do sell my coin when ever I feel I am profitable enough, sometimes what makes us regret not selling off our crypto coin is greediness, so once I notice the market movement, I work with my own instinct to make decisions on weather to sell or not, but I am always sure I followed all social media channels of the coin I am holding so as to know the exact time to sell.

Everyone certainly has their own decisions and indeed the decision you made I think it's the right one,
greed will make us lose money so selling when we feel profitable is the right thing,
Before selling, we really need to follow market movements and news related to the coins we hold

lombok

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Quote from: gantez on February 11, 2022, 07:38:15 AM

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

For holding assets I don't have a pattern, maybe 2x - 4x I will sell. Enough for me that big increase where I have to do asset holding for 1 to 2 years. If you suddenly forget and get an increase of up to 10x, I will consider it a bonus.
I once regretted when I bought AMP coins on Bittrex 2017 ago for 1 BTC and 3 weeks later the price dropped to a delist, luckily I sold it and ended up with 0.2 BTC. Since then, I'm still a little traumatized. Sad

For holding assets where the goal is long term investment just buy BTC!

DU18

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It’s better to have regular profit than to always depend on the chance that the token price will go up which will just make us wait for something were not sure if will going to happen at times we need it. Though its’s hard to always get a good profit in trading but if its regular it can still be big in time when we save it right. So, Whenever there is a chance to take profit I also withdraw some since Im already done of just waiting like I did before in 2018 when the market is down and there is no just to have profit.

Regular and consistent profit is better than get jack pot or much profit but need waiting few months later, usually as daily trader is not have higher decision profit target every day, reach above 5% is enough to close position and take profit than waiting more profit above 100% or 300% but need one or two months later. I think if consistent earn profit every daily trader at one coin above 5% we earn almost 30% profit every day if good market condition with several altcoin kinds, but still not any guarantee can earn profit in daily day.

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