How much % gain/loss before selling

[entrepmind23]

I do try to make a 2% gain every day but we know that it is hard to do it consistently. Yes you can easily say that in this market 2% is nothing and I thought that it would be simple too because we have seen large movement of the coins of even 100% gain in just one day but it rarely happens especially in the market we are in now. Reaching 2% gain is harder than I thought it was.

What I realized in this bear market is to take profits whenever my target profit is reach and do not be greedy and cut losses when it already reach to a price that I already would have a loss of about 10%. I want to trade as often as possible that's why I target those percentages. When I let my losses run then losing 50% would need the price to recover 100% to at least have a break even and I do not want to wait for the price to double because I want short term trades.

[manggis97]

Fluctuacion of crypto so high and if you take profit only 5% you can miss opportunity to get bigger profit. But if you want to learn more about day trading and spend full times for that, by take profit 5 to 10% in this current situation of market is best idea to do, because the market now still side away.  But dont use all money for day trading, better use each 50% for it and other 50% more for long term trading so when bull run happen you not miss that profit.

[taiwww]

Hello, I'm new here and also new in the cryptocurrency world.

I already bought some coins and got 5% to 15% gain in some of these coins.

My question is, what is your accepted gain/loss % before selling the coin? If you get 5% should you sell it or just wait for it to continue growing?

The question comes because I did not put a lot of money on that, thus I think that I need to buy/sell more frequently to increase my cashflow. Does it make sense?

I would probably hold to some altcoins for the long term when I have more cash to play with.

Thanks!

Whatever % that gives you feeling of profited is okay to take. I mean I know people around who are so much greedy about the profits that they don't even close the trades when they have gotten more than 20-30% in net profit. I mean many times they have lost because of their greed. So if it's 5% then that's yours just take it and let go.

Coming to your next question about frequent buying and selling. I think it makes sense and that's nothing but swing trading. When you have less quantities of coins then obviously you will end up having less hikes thus making less each time. But if you keep repeating this over the time then off course you can make good bucks over the time.