The Best Time To Exit Trading - page 2.

Viscore

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Quote from: stefany101 on March 12, 2019, 11:11:47 AM

I do not really know about when is the best time to exit trading.
~snip~

You need to work out on that one, if you don't know when to exit, you might end up losing and that is a big waste of time and money.
What's important in trading in order to be profitable is to do the right timing to get an entry and exit, without strategy you will never make it correctly.

Noa_Amable

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Quote from: hipSter on March 02, 2019, 05:29:45 PM

Investors sentiments is a really good indicator and I use it all the time. It includes official news, recent price action and social media. All these components make a very important background and off course a trend.

I suppose huge trading volumes for selling (by volume indicator) is one of the best indicator which can show you to close long positions

stefany101

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I do not really know about when is the best time to exit trading. The only thing I know is that you have to let go of something. I am not in a better position where it's impossible to make loss, then wait for the profit but don't get greedy. Just think of this as experience that will make you better.

nydiacaskey01

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Quote from: HatakeKakashi on March 11, 2019, 11:01:15 PM

Idea of exit in trading is not good because you cannot earn money anymore. Maybe they have advantanges of exit trading like what happen last 2017 when the trader leave market on that year they will get a lot of money and they did not lose anymore. But mostly high percentage once you leave the market you will not earn. Trading is good and you will see that your money grow.

What the title means is the best time to Sell and wait for a good Entry (Buy) point again and not to exit or stop trading totally.
Example is you Buy ETH last March 04 at $127 then on March 07 ETH reached $138 or 8% from your Buy price, that could have been a good time to exit and wait for the price to drop again like today its down to $131.

virasog

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Quote from: sarmrakib on March 11, 2019, 11:32:22 AM

I think we can Exit from a trade easily if we don't be greedy so .It could be a good idea to close trade when we got a news ,rumors etc .It can works .I did't try this strategy .However i think we have to put a target and cut our trade in a profit level .It will help us to escape from loss .

If you want to avoid losses in trading and also want to be safe follow the below golden rules. Quit according to below mentioned guide

1- Use Stop loss and if the price hit it, you will automatically be quit from trade
2- If the coin reached 30-40% high, its time to quit (you can buy back later once its dump)
3- If there is any negative news about the coins like delisting etc, Quit it.
4- Before any big event like Mainnet , hardfork, quit because price will dump very near and after the event.

HatakeKakashi

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Idea of exit in trading is not good because you cannot earn money anymore. Maybe they have advantanges of exit trading like what happen last 2017 when the trader leave market on that year they will get a lot of money and they did not lose anymore. But mostly high percentage once you leave the market you will not earn. Trading is good and you will see that your money grow.

enawati

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I think we have to decide target profit according to situation in the market, for now that the market just semi bullish is better to take profit around 10% to 30% pertrade. But when we have prediction the bull run coming, we can make target profit up to 10x, because only in bull market we can make that number of profit and 10x profit possible to change our financial.

KennyR

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With trading the exit point is when you reach the targeted profit out of the trade. In this regard very few succeed attaining the expected profit. Other than this it is good to take a break if the market isn't volatile to create a difference between buying and selling.

omonuyak

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Quote from: sarmrakib on March 11, 2019, 11:32:22 AM

I think we can Exit from a trade easily if we don't be greedy so .It could be a good idea to close trade when we got a news ,rumors etc .It can works .I did't try this strategy .However i think we have to put a target and cut our trade in a profit level .It will help us to escape from loss .

I exist trade or open position when my candlesticks formation signal that. I have been in this market for long and one thing I do is to understand that both rumours and news are already computed into price action which is reflected in the candlesticks formation.

sarmrakib

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I think we can Exit from a trade easily if we don't be greedy so .It could be a good idea to close trade when we got a news ,rumors etc .It can works .I did't try this strategy .However i think we have to put a target and cut our trade in a profit level .It will help us to escape from loss .

Cosbycoin

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Quote from: letecia012 on February 28, 2019, 07:29:35 PM

Quote from: ahtsham90 on March 03, 2018, 07:26:32 AM

you need to set the your targets. dont go with the flow, dont follow the crowd. just make ur profit target and right after the exist dont even bother to look at that coin again

I agree the best time to exit the market is when you're target is already hit. Have self discipline and you should know how to control your emotion, though media are playing the big role for the price of the coins you have to consider also the price chart of the coin as it can give you some idea if the coins is over bought or oversold already.

Well exactly! In fact this year the market has been more than better in the sense that the price of Bitcoin and many other coins reached the all times low and that was really an opportunity to invest and gain the future benefits.

Nonetheless, if you are looking for the best time to exist the market, exit only when you are making the maximum possible profit as a return of your investment.

Questat

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Quote from: hipSter on March 02, 2019, 05:29:45 PM

Investors sentiments is a really good indicator and I use it all the time. It includes official news, recent price action and social media. All these components make a very important background and off course a trend.

So when is the best time to exit trading?
I guess you have not answered the topic properly, your comment implies on the components only, but we should make a decision on the things you've mentioned, for me, the best time to exit is when you already ensure good profit, it's the right timing that I'm looking.

hipSter

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Investors sentiments is a really good indicator and I use it all the time. It includes official news, recent price action and social media. All these components make a very important background and off course a trend.

LUCKMCFLY

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Quote from: Faxmate on March 02, 2019, 03:48:37 PM

Quote from: ginobitcoiner on March 02, 2019, 10:05:33 AM

"BUY THE RUMOR. SELL THE NEWS"
this is the habit of beginners, they use rumors to buy and re-sell it by utilizing News.
if you are not a beginner you will have a better way to trade.

There are so many ways to trade we only have to learn and act on it because all traders will have to know basic trading rules other than following fake news and rumors, some of them are fraud who only come to misguide you and take your money away, so make research and act only according to market movement, now is not good time to exit but now is good time to reinter.

Basically, my style of exchange does not consist in trusting me in the news, unless it is fundamental, the news is created to foment the fears and emotions of purchase. If there is a major movement, they often say that it is for X News, which is false, if that happened because it simply had to happen like that, a massive purchase or a mass sale, we do not know the reasons of the whale traders, and they will never reveal it.

Faxmate

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Quote from: ginobitcoiner on March 02, 2019, 10:05:33 AM

"BUY THE RUMOR. SELL THE NEWS"
this is the habit of beginners, they use rumors to buy and re-sell it by utilizing News.
if you are not a beginner you will have a better way to trade.

There are so many ways to trade we only have to learn and act on it because all traders will have to know basic trading rules other than following fake news and rumors, some of them are fraud who only come to misguide you and take your money away, so make research and act only according to market movement, now is not good time to exit but now is good time to reinter.

ginobitcoiner

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"BUY THE RUMOR. SELL THE NEWS"
this is the habit of beginners, they use rumors to buy and re-sell it by utilizing News.
if you are not a beginner you will have a better way to trade.

TobiasVR

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Quote from: Al-e_x on March 01, 2019, 08:04:12 PM

Previously make a daily, weekly or monthly profit target and when your target is reached, then stop trading for a break, enjoy life and don't follow emotions, because following emotions when trading is very risky and can cause loss.

the target determines profit, even though the market is not good right now and it is better to get out of trading but if you have clear principles and targets I think trading is still good as long as you carefully avoid losses.

dark08

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Quote from: Al-e_x on March 01, 2019, 08:04:12 PM

Previously make a daily, weekly or monthly profit target and when your target is reached, then stop trading for a break, enjoy life and don't follow emotions, because following emotions when trading is very risky and can cause loss.

Yes providing some target profit is one of a good advise for every trader in cryptoworld dont be greedy because it can cause trouble to lose your capital, the best time to exit in trading is when you think that your target goal is hitted a 3 to 5% profit is good especially for those people that doing day trading.
Then always check the news in crypto because it gives effect to the price.

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Quote from: bitgolden on February 28, 2019, 05:15:08 PM

Quote from: ?? on ??

not. now it's time for us to enter again in the trade because it's a good time to get coins at a low price. the problem is that soon the market will pump again quickly

Time to enter again because we can have the coins owned at much lower cost than what they are going to be in the next few months or years to come. Now it is time to put in money keeping all the discussions aside. In the crypto market, follow your own concept of investment like every that man who got rich with cryptocurrency investment.

Yeah its good idea, prices are much cheaper than last year's prices. of course this is a good opportunity.
but, aren't we discussing when to exit?

Quote from: Noa_Amable on March 01, 2019, 03:36:46 PM

Quote from: ahtsham90 on March 03, 2018, 07:26:32 AM

you need to set the your targets. dont go with the flow, dont follow the crowd. just make ur profit target and right after the exist dont even bother to look at that coin again

Well, following a flow could be reasonable if we speak about trend.it is the very first rule of trading-dont trade against the trend

Yeah you right, the price target should also be flexible, in accordance with market conditions so that it keeps abreast of the market flow, if you use the target price according to your own wishes, of course you can miss the opportunity mate

Al-e_x

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Previously make a daily, weekly or monthly profit target and when your target is reached, then stop trading for a break, enjoy life and don't follow emotions, because following emotions when trading is very risky and can cause loss.

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