Topic: When do YOU sell? - page 52. (Read 52139 times)
Perhaps several times I was involved in a panic selling in late July where bitcoin had a critical pre-hardfork phase. Now I am more relaxed in selling because of the small fractional application on a regular basis, the fundamental charts make it easy for me to understand the analysis and I do not always wait for the desired price level to sell it, if it is a bit profitable then I will do the sell order process.
First of all you need a strategy.
If you don't have one - you are a gambler, not a trader.
That’s I the point one must know about trading. You must have strategy that will be guiding you in all times. You have to sell when you know that you will get enough profit margin. Don’t be greedy and wait for a long up, often that will end up in sleep fall and you get nothing. So strategical trading will be yielding profit else like said that will only be gambling.If you don't have one - you are a gambler, not a trader.
Trading should be limited to a short term and holding it too long can be dangerous as you may miss the right time to sell and make profits so whenever you see price exceeding your entry price then without waiting longer you should sell your coins and collect the profits as you can again buy it when price goes down in future.
You have a good analogy about the price going to the moon and the launching of the rocket. I feel really comfortable with short term trading and just targeting like 2.8% gain per trade.. although it is not that big gains but it is better than waiting for quite some time to get like 20-305 gains.. Although I agree that it is its own preference and I highly advice traders to determine where they are comfortable trading and stick with it.
First of all you need a strategy.
If you don't have one - you are a gambler, not a trader.
That’s I the point one must know about trading. You must have strategy that will be guiding you in all times. You have to sell when you know that you will get enough profit margin. Don’t be greedy and wait for a long up, often that will end up in sleep fall and you get nothing. So strategical trading will be yielding profit else like said that will only be gambling.If you don't have one - you are a gambler, not a trader.
Trading should be limited to a short term and holding it too long can be dangerous as you may miss the right time to sell and make profits so whenever you see price exceeding your entry price then without waiting longer you should sell your coins and collect the profits as you can again buy it when price goes down in future.
You have a good analogy about the price going to the moon and the launching of the rocket. I feel really comfortable with short term trading and just targeting like 2.8% gain per trade.. although it is not that big gains but it is better than waiting for quite some time to get like 20-305 gains.. Although I agree that it is its own preference and I highly advice traders to determine where they are comfortable trading and stick with it.
First of all you need a strategy.
If you don't have one - you are a gambler, not a trader.
That’s I the point one must know about trading. You must have strategy that will be guiding you in all times. You have to sell when you know that you will get enough profit margin. Don’t be greedy and wait for a long up, often that will end up in sleep fall and you get nothing. So strategical trading will be yielding profit else like said that will only be gambling.If you don't have one - you are a gambler, not a trader.
Trading should be limited to a short term and holding it too long can be dangerous as you may miss the right time to sell and make profits so whenever you see price exceeding your entry price then without waiting longer you should sell your coins and collect the profits as you can again buy it when price goes down in future.
You have a good analogy about the price going to the moon and the launching of the rocket. I feel really comfortable with short term trading and just targeting like 2.8% gain per trade.. although it is not that big gains but it is better than waiting for quite some time to get like 20-305 gains.. Although I agree that it is its own preference and I highly advice traders to determine where they are comfortable trading and stick with it.
First of all you need a strategy.
If you don't have one - you are a gambler, not a trader.
That’s I the point one must know about trading. You must have strategy that will be guiding you in all times. You have to sell when you know that you will get enough profit margin. Don’t be greedy and wait for a long up, often that will end up in sleep fall and you get nothing. So strategical trading will be yielding profit else like said that will only be gambling.If you don't have one - you are a gambler, not a trader.
Trading should be limited to a short term and holding it too long can be dangerous as you may miss the right time to sell and make profits so whenever you see price exceeding your entry price then without waiting longer you should sell your coins and collect the profits as you can again buy it when price goes down in future.
First of all you need a strategy.
If you don't have one - you are a gambler, not a trader.
That’s I the point one must know about trading. You must have strategy that will be guiding you in all times. You have to sell when you know that you will get enough profit margin. Don’t be greedy and wait for a long up, often that will end up in sleep fall and you get nothing. So strategical trading will be yielding profit else like said that will only be gambling.If you don't have one - you are a gambler, not a trader.
Trading should be limited to a short term and holding it too long can be dangerous as you may miss the right time to sell and make profits so whenever you see price exceeding your entry price then without waiting longer you should sell your coins and collect the profits as you can again buy it when price goes down in future.
First of all you need a strategy.
If you don't have one - you are a gambler, not a trader.
That’s I the point one must know about trading. You must have strategy that will be guiding you in all times. You have to sell when you know that you will get enough profit margin. Don’t be greedy and wait for a long up, often that will end up in sleep fall and you get nothing. So strategical trading will be yielding profit else like said that will only be gambling. If you don't have one - you are a gambler, not a trader.
First of all you need a strategy.
If you don't have one - you are a gambler, not a trader.
If you don't have one - you are a gambler, not a trader.
From my own point I think you should sell when the market price is very high and you can predict its going to start plunging soon. With that mindset all you’re going to be doing is just watching the charts and keep noticing any slight change in prices.
When do you decide to sell?
Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
Me also i am a newbie in trading business and i assure that i make a profit even if small. So i sell my crypto when the selling value is higher than when i bought. And also i buy different crypto and then wait for the right time to sell it again. And for letting go trading i cant be sure when do i quit may be if i am not ever gain any profit and have a big loss.Is it a sat, a % of profit, or even a randomly thought up number in your head?
I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.
How do you determine when to let it go?
I sell more of it with 10% margin,
to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
This is margin trade, and profit 10% per order is very good, do not greedy because it will make you loss a lot of money in future. My strategy is take profit when my order have profit 3-5% depends the situation of market in that time.to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
I will sell when the coins price are higher than my capital, as much as possible i will sell if it already double or triple the price from my investment. 
I sell more of it with 10% margin,
to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
This is margin trade, and profit 10% per order is very good, do not greedy because it will make you loss a lot of money in future. My strategy is take profit when my order have profit 3-5% depends the situation of market in that time. to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
Currently the price of bitcoins are going down, we're down from $4,400 to right now, as of writing, the price is down to $3700. And looking like the price will even go down a lot further. But when it does reach $3500 or less, I think that would be the best time to buy. So it is not yet the time to sell, probably this si the best time to buy more and more of every cryptocurrency there is.
I sell when there are 2 of interest, such as 1 when the price was spiking up and number 2 when there is an urgent need. because however we also sell to gain profit
I sell more of it with 10% margin,
to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
Doing the selling when the price pump is always good and of course you have to buy when there is a dump that is coming, I guess by doing the same method again and again will make you rich because it is expected that bitcoin will rise overtime. Patience is necessary in investing and since the norm now of the price is volatile, with great patience you'll be profitable. to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
I sell more of it with 10% margin,
to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
to much may be dangerous. It is fun when we have to sell it. I sell and buy quite lots
for me, i sell my coins when personally needs it and to pullout. but, i usually sell when i got 30 -50% profit in a short and 100 to 250% in a longterm.
I do sell my coins when I see that I gain profit, whether it is high or low as long as I can see and feel that I gain profit, because I know once the coin peaks its higg surely there will be panic sellers will pop up which is so annoying now, so I prefer to be wise. I think that is enough reason for me. But also I hold coins for long time.
that I gain profit, because I know once the coin peaks its higg surely there will be panic sellers will pop up which is so annoying now, so I prefer to be wise. I think that is enough reason for me. But also I hold coins for long time. You sell when you are in profit, If you are holding a short position, You sell as soon as you hit your stop loss, otherwise the longer you wait for the price to correct itself, the bigger your risk. When in profit, you don't have to sell all if you believe the price will spike further, but you must sell enough to recover some of your capital in case the price reverses.
Holding altcoins too longer is always as big risk as you never know when the price will crash so its always good to sell them when you have already made good profits from it and wait for the price to go down again as altcoin market is an combination of ups and downs so you should never miss an opportunity of buying at low price and selling at an higher price.
Good point.. Trading with altcoins is really different to trading with stocks and forex - it is just different. I know someone who is good with trading stocks and has been doing it for 15 years says, trading cryptocurrency is just different. That is why we should learn the crypto market and create a system on how to profit.
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