well your action depends on what kind of investor you are..
Are you trading for long term ? or just want to do short term trade.
Topic: The best time to take profit in Trading - page 12. (Read 3787 times)
Well, it is kind of obvious thing, just try to focus on panic/not stable moments and buy perspective coins, that's the best option I think.
I think that if your cryptocurrency grows well and you see its price is at least 30-35% higher than before, you can take your profits: sell it or make an exchange. This time is not good for selling any cryptos: wait.
It is important to remember not to get greedy in the cryptocurrency market and the reason for that is that there is a very thin line between making a good profit and losing it all and the best time is when you see that the peak is less in increase with respect to the previous peak best to get out at that time.
This is the thing that people need to understand. There is always a line of profit seeking and making money. You can’t become greedy at any level. This might be in bad terms for you when you start practicing your trade or investment. Your mind would become victimized by the shine of money coming to you but you have to control it because this is the only way for happy life.
There is no accurate time to profit in trading, it depends on you on how you will trade your coins and tokens right. The best thing to do now is to hold and buy more coins and tokens while it is low then trade it after this days of low price. No accurate time just use your sense and study more about the coins and tokens you were holding.
Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.
I think you should not trade at this time, the market is very volatile, the price of bitcoin and altcoin is constantly decreasing and there are no signs of recovery, so to be able to trade Success is very difficult, the market is bearish in the long run so trade at this time the success rate is very low. You should wait for the market to stabilize so that you can start trading.In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.
Since the current market is just recovering, you should not cash your portfolio even if you are earning because we are expecting an impending boom and hopefully your profit margin will be better than the current so you should rather hold.
Iam using indicator like MA/RSI whent the RSI already on morethan 70% its mean Overbought so maybe i this condition i will taking profit but whent we have some good news iam will still watch. And dont forget to move your stop lose if using that.
Crypto market will work to the people who has the ability to hold them patiently until, bitcoin prices increases. At one point many people fail to make money through trading because with their impatient they may loose their value in trading. So patience is always good to hold.
Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.
There is no exact time when you should start trading because the prices will be always profitable as long as you wait for the price before you sell the coin.
The best time to take profits is when you are sure you have made profits from your investment. If you are comfortable with the profits you have made, its time for you to take profits and not be greedy for more profits as you can lose all your capital being greedy in this market
I fully agree. Just check your portfolio and when you notice you made a profit 10x 20x 50x or more, and then its enough for you then you can liquidate it. It depends on the holders decision to decide, as long as he is in profit. Sometimes, don't be greedy because thinking you can earn more, then after sometime it dumps, you'll regret you did not sell at he highest price.
There is no best time - it is a game of odds, much like a casino, the only way to win is to have your winners be bigger than your losers and to have more winners.
Trading is not like a casino, everything about trading is about having the right timing, if you enter and exit the market at the right time you win and if you do it at the wrong time then you lose and while that may seem easy traders learn very quickly that is one of the most difficult things to do, but there is a right time to do those things and you need to guide yourself using several indicators available to those that use technical analysis.
You can understand through the platform index when the best time to gain profits on the trade. You must understand and understand the platform very well. You also have a lot of knowledge about trade. Then you get the best shome profit in the trade
The best time to take profits is when you are sure you have made profits from your investment. If you are comfortable with the profits you have made, its time for you to take profits and not be greedy for more profits as you can lose all your capital being greedy in this market
in any case, you determine the value of your capital. If the coin has a certain price, then you will still wait for the time when it reaches this goal. By the premiere, you can take investments in ico companies. After all, you will not sell coins below the value of the company's ico, and definitely will wait when the price increases.or can I say something wrong?
Of course, the best time to make a profit in trading is the time of a steadily growing market. Just the moment when you chose coins growing with the market.
The best time to take profits is when you are sure you have made profits from your investment. If you are comfortable with the profits you have made, its time for you to take profits and not be greedy for more profits as you can lose all your capital being greedy in this market
At the time of regular price fluctuations it is good to continue trading process. More observing will let us get the opportunity to buy at a lower price and sell high. Even if it continues going low once after we buy also no need to panic as the price will grow again in a short time period.
For instance today is best time for BTC but not for alts. You can sell what you have in BTC today around 8k if you bought them around 7k. Because there should be a correction before the end of the week and it will drop down at least 7,5k USD. This is my prediction about BTC/USD parity.
Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.
I think you should not trade at this time, the market is very volatile, the price of bitcoin and altcoin is constantly decreasing and there are no signs of recovery, so to be able to trade Success is very difficult, the market is bearish in the long run so trade at this time the success rate is very low. You should wait for the market to stabilize so that you can start trading.In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.
So look for high profit and do not sell in low market but hold and wait for the price to go higher which will give you maximum profit as well.
Take some profit at first area of resistance/support (it may not break though)
Take some profit just prior to a market open.
Take profit on unexpected quick unexpected spikes ( spikes are highly likely to retrace very quickly)
...
Take some profit just prior to a market open.
Take profit on unexpected quick unexpected spikes ( spikes are highly likely to retrace very quickly)
...
Just always buy during the dip and and sell it when it pump again. For me the right time to exit when I trade is when I saw that I already have 5%-20% profit during a day trading. I think that is enough for one day of trading. I just always set how much profit I need for a given day.
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