When do you know its time to sell your altcoins? - page 73.

Hemady17

member

Activity: 505

Merit: 35

Quote from: marseille on December 06, 2017, 05:03:03 AM

I sell it as soon as I see that I have made 20 to 25% of profits on my investment instead of holding it too long as holding altcoins longer can be really risky and it can take away my profits if price dumps later on.

We have the same strategy in profit taking. but the only problem with this is I haven't maximize the gain. The chart usual goes up after I sell the coin. That's why I search for another strategy. I add the fibonacci retracement as another indicator for selling the coins. And the results is perfect, still polishing it by the results is consistent.

andor.gellenhidi

full member

Activity: 602

Merit: 100

I think the main criterion here is only how much in the end you managed to earn on this project, that's probably all. That is, if you see that your enclosed $ 500 brought you already $ 1000, then I would certainly take it and tried the same thing in another project.

Tomohisa

full member

Activity: 360

Merit: 100

Quote from: COLT601 on December 06, 2017, 03:44:11 AM

Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.

I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.

Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.

You should be active in news channel to make sure jump out when there is some hiccup (careful for FUD). If you able to do that, just keep holding the coin till it hit your idea price.

cryptokudi

member

Activity: 126

Merit: 10

There is no specific point of buying or selling alts.
What I do > After doing much research once I decide an Alt and if I trust it, I will keep buying a portion in 10 -20 -10 -20-40 on every dip.
I always book profits in the similar pattern.
This makes sure that you are out of your investment and the final sell out will give you profits.

This does not apply for my long term goals which I lock for years.

cryptocue

member

Activity: 252

Merit: 13

If you are a technical trader you will know when is the perfect entry and exit thru technical indicators,you can start reading at investopedia if you do not have any idea.But in general most of the people here will sell the coins when they are happy and ease to their gains and that is right you dont have to be greedy in your trades because a sure profit might turned to losses if your greediness attacks.

magicmeyk

full member

Activity: 252

Merit: 102

When I am trading, I set it for 5%-20% and just leave until I sold it with that range of profit. And when the altcoins are getting dump I put a cut loss of 10%-20% depending on the flow of the market.

K0korap

member

Activity: 182

Merit: 10

Quote from: COLT601 on December 06, 2017, 03:44:11 AM

Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.

I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.

Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.

I guess when you're satisfied of the profit that you might get though you still have the option to wait and see if a peak like what happened last year December will happen again. if that happens that that will be a very good opportunity for you to sell you BTC. I don't think that there's a formula for this just keep yourself posted about the changes that's happening in the market.

tiar4dewie

member

Activity: 154

Merit: 10

I prefer a consistent strategy. I mean, I rarely add my trading value until I really have more money to trade. I sell 100% of my total trades when the price goes up 2 times the purchase price and uses half of the proceeds for my needs and the rest I use trading on the other day when the price matches is to do the lowest average for one month...

wuvdoll

legendary

Activity: 1442

Merit: 1025

Quote from: skarais on January 25, 2018, 10:34:00 AM

In daily trading planning i don't expect a momentary profit that is too big, because I plan to profit regularly though on a small scale, and I will sell it if my profit target reaches 2%, though a little profit but If done regularly would be able to generate profits which is great, and certainly requires patience in conducting a daily trading strategy that has a low profit target.

Day trading with such a plans must be a good practice but it will be good as long as you are a self controlling trader and sticking within your trading plans. Otherwise, knowing a good time to sell your coins alone will be a better alternative way to stay secured with your trading career.

Because, in my experience holding altcoins for infinite time period is not a good idea. We must have plans when to book profits and where to switch our capital. Only with this kind of cycling you can be secured for consistent profit making. Choosing a right coin is more important one but the most important one must be when to book profits and what will be the next best opportunity.

skarais

legendary

Activity: 2464

Merit: 2094

In daily trading planning i don't expect a momentary profit that is too big, because I plan to profit regularly though on a small scale, and I will sell it if my profit target reaches 2%, though a little profit but If done regularly would be able to generate profits which is great, and certainly requires patience in conducting a daily trading strategy that has a low profit target.

mia khalifa

full member

Activity: 476

Merit: 100

Quote from: COLT601 on December 06, 2017, 03:44:11 AM

Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.

I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.

Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.

I sell the coins I have when I have gained more than at least 200% is enough and should not buy 1 coin but buy some coins that potentially have a high price increase. it is enough to take advantage.

ngerok

sr. member

Activity: 602

Merit: 250

Quote from: redwhite037 on January 25, 2018, 08:58:22 AM

I usually sell altcoin when I have a profit of 10-20%. I do not greed. I make sure everything. I do not lose money. That is my principle.

yes really once, if you already get a profit, try to sell immediately do not wait for the coin to rise again because the price fluctuation coin very fast and you can lose your profit in a moment.

niisarearning

sr. member

Activity: 910

Merit: 252

Initially I dint have idea about altcoin raise I was selling for 2c or 3x profit safer I seen some coins reached upto 1000x after selling now . Frankly I can’t even make any strategy some times I sold for good price some time I waited and the coin became disaster .

bitcoinvamp

full member

Activity: 182

Merit: 100

Quote from: COLT601 on December 06, 2017, 03:44:11 AM

Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.

I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.

Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.

I don't think that there would be any specific formula for selling your coins if in profit but what i do is when i see a certain percentage up in the price of the coin then i sell it . I always consider that something is better than nothing so i am never too greedy with the profit so i just see whether i am getting a profit over my investment or not and sell accordingly . And i think you should do that to if you are in a profit you may sell them and enjoy your profit instead waiting for more and losing all. And talking about investing monthly i think that depends upon person to person so its all upto you that how much money you could afford to invest in it and how much you could you afford to loose if it drops.

redwhite037

full member

Activity: 560

Merit: 102

I usually sell altcoin when I have a profit of 10-20%. I do not greed. I make sure everything. I do not lose money. That is my principle.

barlo357

full member

Activity: 574

Merit: 100

If you earn a lot of money already sell it but not all you must hold also maybe at least 25%. Enjoy first your money and don't be so greedy money is just a money only you can earn that anytime. Always monitor in the exchange market so that you will know when you sell your altcoins when it goes down a couple of week then sell it then wait for the increase again to invest that's the game here.

sonbeo2704

newbie

Activity: 14

Merit: 1

When i feel profit emough with me Cheesy

it depend on each another

padcoin

jr. member

Activity: 168

Merit: 3

the right time is when you can make money, badfully I sold 10 ETH at 350$ so you never knwo, good luck

danmoris

full member

Activity: 280

Merit: 102

it depends on you and when you feel the time is right. If you feel the coin is about to crash then maybe that is a good time to sell.
I think it is important to set a price goal. Maybe you are looking for 10%, 20% or maybe 50%, then you can sell when you have reached that goal.

chainese

member

Activity: 299

Merit: 13

There is no one correct answer. It depends on your goals. Why did you buy it?

Topic: When do you know its time to sell your altcoins? - page 73. (Read 8153 times)