The Best Time To Exit Trading - page 34.

Fatunad

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Quote from: 1Referee on March 05, 2018, 05:28:50 PM

Quote from: Leonard2016 on March 05, 2018, 03:00:28 AM

well they say " it's not important when you get in but it is important to know when to get out of the market"
i think it's true and know when to go out is very important and your gain or your loss depends on that.

That applies to longer term holding, and not so much to trading, which is more of a short term practice. In trading the entry points are as important as the exit points, because in a market as volatile as the one from Bitcoin, every few passing minutes may offer you an opportunity to quickly enter and exit with a profit. To add; in a rapidly changing market, you some times also have accept taking a small hit in order to adjust your positions to benefit from the changed market sentiment. If you keep sticking to your exit targets in case you don't take a hit, you'll be wasting precious time, and likely still be taking that hit later on.

This is the difference with short and long term aspect when it comes to hitting up opportunities on entering and exiting such orders.When we do make hedging then seeing those opening would really be crucial and it cant really be predicted if you arent seeing the price actively.This is why active trading is really very crucial and very hard compared to long term holds because you should really have the capability on pointing out possible entries.

ufaiz50

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You are right, that news media is an important role in determining demand of cryptocurrency but we not always get new news about cryptocurrency. I think the right time to get out of trading is when you buy altcoin or bitcoin randomly without any exact analysis and source of information that can explain why you buy and sell coins, why? because of some books that I read it is also called gambling.

JCLee

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In trade, do not be too greedy as you may lose money. Best before trading, choose yourself a target when investing in crypto. For example, when I invest in the INS Token, my goal is that when the Token reaches $ 2, I will sell all of the tokens I own, although then the exchange rate is up, I also exit trading and will not. That is my personal experience.

1Referee

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Quote from: Leonard2016 on March 05, 2018, 03:00:28 AM

well they say " it's not important when you get in but it is important to know when to get out of the market"
i think it's true and know when to go out is very important and your gain or your loss depends on that.

That applies to longer term holding, and not so much to trading, which is more of a short term practice. In trading the entry points are as important as the exit points, because in a market as volatile as the one from Bitcoin, every few passing minutes may offer you an opportunity to quickly enter and exit with a profit. To add; in a rapidly changing market, you some times also have accept taking a small hit in order to adjust your positions to benefit from the changed market sentiment. If you keep sticking to your exit targets in case you don't take a hit, you'll be wasting precious time, and likely still be taking that hit later on.

LuvdubNation

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When you're getting that hot potato feeling, sell 30%. That way you get to still stay in the game. This works only when you got in on the dips though o.O

GelsoAM

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I think the best time will be if there will be a bull or bear exhaustion so that you can be aware that it will go down or up after the pump or dump but sometimes it still keeps on going so watch out for that.

yvesp110

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Quote from: papashark on March 03, 2018, 07:39:00 PM

The best time to exit trading is when a coin suddenly pumped up to 2000% or higher in a single day. In more instance. Its also wise to exit trade when a coin pump for more than 100% to 1000% in just several days.

This is the most optimistic approach I have seen on this platform because I haven’t seen anyone talking about the 2000% rise in the price. This is kind of dissemination of the negativity on the platform as people after reading these things can develop some wrong hopes. The best thing which I have seen in successful people in this market is to always talk about the things which are quite practical and realistic so that you can get the max profits.

Sword555

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Dont worry to fix looses too , because good trader need to fix lose too not only fix profit like noob traders think that they need fix only profit and nothing else.

redsun114

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Quote from: papashark on March 03, 2018, 07:39:00 PM

The best time to exit trading is when a coin suddenly pumped up to 2000% or higher in a single day. In more instance. Its also wise to exit trade when a coin pump for more than 100% to 1000% in just several days.

No one other than that one who is doing the trade at any particular time can decide this thing of quitting or selling off his coins as he is the one who can see the market in the best possible manner.

You need not to quit the market at time when the market value of the coins are not that much high enough that can help you in earning of some very good amount of money. Sell your coins only when you are getting some handsome amount of profit by doing so.

Leonard2016

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well they say " it's not important when you get in but it is important to know when to get out of the market"
i think it's true and know when to go out is very important and your gain or your loss depends on that.

Beremat

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i do not agree with you. we can not believe the media now because it is controlled by goverments and the big investors. do not believe anyone, trust yourself.

hitrawal91

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The best time to exit trading depends on many factors like few traders depend on their stop loss or their personal trading capital needs and few other traders depend on their risk factor and few traders exit if they incur a loss for continues five or six streaks of trades. Even i follow these options for exiting from the trades according to my trading timeframe and approach.And exiting from the trade is necessary for all traders because being a trader you need some sought of a break from the trading to keep the mind fresh and active.

JPage

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Best time to exit was 20k per bitcoin price

When u see that price overbuy like 3-5x from standart price u need exit anyway !

Dreamchaser21

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Quote from: papashark on March 03, 2018, 07:39:00 PM

The best time to exit trading is when a coin suddenly pumped up to 2000% or higher in a single day. In more instance. Its also wise to exit trade when a coin pump for more than 100% to 1000% in just several days.

Its a good strategy to take some profit if its reach your target price and that's the best time for me to exit and then buy back again after dump. News and speculation can also be use but still better to make your own analysis so you can prove that news.

Borisb52

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Just our task as a trader is to filter such rumors and determine really not fake ones. The future movement of the coin will depend on them. And if you believe all rumors, you can lose all your money.

goaldigger

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News and speculations doesnt matter to me because future always change and there are a lot that can happen in the future. If a person loses drive to trade and feel that they dont want to do it anymore then its the time to quit. Its all in the mind. Mindset fixes everything. I beleive that even if a person loses but he has the eagerness to win, he will eventually win.

Aikidoka

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Speaking of media, they are the manipulation itself. When I hear the term "Manipulation", media comes across my mind. Everything is ruled by the media which is ruled by the big governments. If they want to manipulate people, they will just post articles or images that can alter the public's perspectives.

As for me, the best time to quit trading which I finally did in real life is when I continued to lose my money because I was not patient. And every time I clear my mind and decide to be patient, I lose control. That is why I quit it.

kolega

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Buy on rumors, sell on the news. When the media in one voice will declare that the market collapsed, it will be too late to sell cryptocurrency without losses. We have already seen prices fall rapidly in times of negative news. You need to follow the news and be prepared for such developments, as well as use stop-losses

Dudeperfect

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FOMO definitely affects the market but for me the best time to exit while trading is when you earn sufficient amount irrespective of the market situation. Relying on the market behaviour will definitely affect the trading pattern but if we are building our own trading pattern then the market situation won't dominate our trading strategies. When it comes to the investing I believe that the best time to exit is when the price is rising. As the great investor Warren Buffet says "Be fearful when others are greedy and greedy when others are fearful" the same principle applies in the crypto market too.

jhongzjhong

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Quote from: lablab03 on March 04, 2018, 02:41:59 AM

The best time to exit in trading is when you have profits .dont exit if you have lose on it. 'cause you will regrets after. And also don't insist to gain more profits if you gained enough on it 'cause the price always volatile after it surge. So exit while you can to avoid huge loss in doing trading.

Yeah simple as that if you have your profit then go just exit but if still, you lose was there then hold for a little a while and wait until the price was bouncing back again to the market. But for me I must prefer holding a long time just for example I purchase now then forget it for a while after a year when you come back I'm much pretty assured that you have your profit and maybe more than you expected.

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