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Author Topic: When do YOU sell?  (Read 51442 times)
Blackout1321
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June 02, 2017, 01:19:28 PM
 #1

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?
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BitcoinHodler
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June 02, 2017, 01:30:31 PM
 #2

i go with a % also.

but it is all in the speculation! you do some analysis, for example it can be TA and also combined with the news you get from here and there and then see how much rising potential the thing you've invested in has.

for example when you invest in an altcoin that has been at a fixed price for some time with a decent high volume (indicating accumulation) and you find a news that can cause a rise, you can easily aim for a 100% profit in a couple of days and sell there.

another example is when you find an altcoin that is randomly getting pumped. or an altcoin that is big, like the top 10 coins, and see them rising, it is best to aim for a smaller % and dump there. for example it can be 5% to 15%

it is also based on your strategy. some people prefer a much longer investment so they aim for bigger % and some do more of a short term, day trading kind of thing and they aim for a smaller %.

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Blackout1321
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June 02, 2017, 01:36:53 PM
 #3

i go with a % also.

but it is all in the speculation! you do some analysis, for example it can be TA and also combined with the news you get from here and there and then see how much rising potential the thing you've invested in has.

for example when you invest in an altcoin that has been at a fixed price for some time with a decent high volume (indicating accumulation) and you find a news that can cause a rise, you can easily aim for a 100% profit in a couple of days and sell there.

another example is when you find an altcoin that is randomly getting pumped. or an altcoin that is big, like the top 10 coins, and see them rising, it is best to aim for a smaller % and dump there. for example it can be 5% to 15%

it is also based on your strategy. some people prefer a much longer investment so they aim for bigger % and some do more of a short term, day trading kind of thing and they aim for a smaller %.

**** and for bitcoin: i only buy and HODL Grin

I usually go with a 15-30% on stocks but when it comes to Crypto, I have started watching gains over the past 3 days and all of them are currently sitting at 20%+ and another almost 100% in three days. Much more volatile, but now I'm stuck with the decision as all decisions to sit and wait or sell.

I guess my hardest struggle is finding those coins that provide legitimate and easy to find news. I research everything before going into it, but there isn't an abundance unless you are in BTC, ETC, or XRP.

I need more BTC to HOLD as you state. Lol.
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June 02, 2017, 01:38:30 PM
 #4

I sell at regular intervals whenever I get btc and keep in mind x% of profit. Whenever it reaches that I sell of majority of it and keep small as a future investment. Rest all are sold immediately considering the btc price volatility and its future in respective country.

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June 02, 2017, 01:43:41 PM
 #5

I sell at regular intervals whenever I get btc and keep in mind x% of profit. Whenever it reaches that I sell of majority of it and keep small as a future investment. Rest all are sold immediately considering the btc price volatility and its future in respective country.


See I'm at the pass right now of sell all or half of the coin that I'm sitting at 100% so pull out initial investment so if it drops, I still made money and then will have BTC which is always on the rise or sit on it a bit longer.

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June 02, 2017, 01:49:42 PM
 #6

I just sell it immediately I never trusts the price of bitcoin. For example:  I get the payment of 100$ and received exactly 100$ in bitcoin I will sell it immediately never waits for the price to raise that is my rule because if you are getting paid in bitcoin you don't need to wait and hold your bitcoins because you already got what you have done but sometimes I receives a payment but I am out of town and when I come back I see some up in price it gives me profit lol otherwise I don't hold.


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BitcoinHodler
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June 02, 2017, 01:54:18 PM
 #7

....
I usually go with a 15-30% on stocks but when it comes to Crypto, I have started watching gains over the past 3 days and all of them are currently sitting at 20%+ and another almost 100% in three days. Much more volatile, but now I'm stuck with the decision as all decisions to sit and wait or sell.

I guess my hardest struggle is finding those coins that provide legitimate and easy to find news. I research everything before going into it, but there isn't an abundance unless you are in BTC, ETC, or XRP.

I need more BTC to HOLD as you state. Lol.

well my answer comes mostly from my philosophy! so you may not want to follow it and do what you think is best.

i say for me a 5% profit and missing out on the rest of the 95% rise is better and i sleep much easier knowing i got that, compared to waiting for getting a 100% profit and risk not getting any because price got dumped.
(the numbers are a bit exaggerated but you get the point)














 

 

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June 02, 2017, 01:54:38 PM
 #8

I sell at regular intervals whenever I get btc and keep in mind x% of profit. Whenever it reaches that I sell of majority of it and keep small as a future investment. Rest all are sold immediately considering the btc price volatility and its future in respective country.

That's good of you to sell based on the situation that prevails in your country as well depending on the price movement happening with it. Most of the time I do sell my bitcoins only on emergency requirement, other than that tit would be safe in the wallet. So that it will serve as an investment for the future. I don't fear of government restrictions, because it is not that bad as common people believe as well I hope it won't get destroyed.

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June 02, 2017, 01:57:21 PM
 #9

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well my answer comes mostly from my philosophy! so you may not want to follow it and do what you think is best.

i say for me a 5% profit and missing out on the rest of the 95% rise is better and i sleep much easier knowing i got that, compared to waiting for getting a 100% profit and risk not getting any because price got dumped.
(the numbers are a bit exaggerated but you get the point)


I assume it's all about how greedy you are and how you want to play the hand you're dealt. If you can manage the lost profits or the saved losses you're in a good boat. I believe my next "goal" is going to be sell initial investment at 100% profit so at least I've made my money and anything else is just a bonus.

I'll probably learn that I'll be happy with the 25% increase instead, I completely understand what you're saying.

Now to just abide by it, that's the struggle.
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June 02, 2017, 02:12:04 PM
 #10

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?
In my opinion, you should always seek for some specific target when you are doing any kind of investment.
It is same about gambling actually, if you want to do it reasonable: set up some goal for yourself, that will satisfy you enough. Same with trading, and same with gambling: you will encounter scenarios in which your decisions will turn out to be wrong ones.
The exact goal can help you a lot with your plans, because you know what you want . But also, be reasonable in doing this because you cannot just have hope to get 150$ from 100$ investment on any crypto, unless you pretty much want to risk your whole balance.


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June 02, 2017, 02:12:58 PM
 #11

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?

In altcoin trading, I preferred to sold coins for what I think already reached their peak price for the moment after their crazy pump. It varies per person's view. Because after that pump, an obvious dump will follow. The beginning of correction price will start after that. But remember that not all altcoins are having the same way so it would be difficult to decide even we have lots of references to consider. It's a matter of self analyzation before we decide what to do.

But for bitcoin, I preferred to hold it rather than to sell even I do long time holding. It pays off and really worth the wait.

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June 02, 2017, 02:51:06 PM
 #12

I am engaged in investment activities on the Internet, so I sell my coins as needed. Yes, I sold some of them at a low price. But I do not regret it. At that time it was the right decision and I managed to make money on it

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June 02, 2017, 03:05:17 PM
 #13

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?
- Actually when you buy an altcoin, you definitely have to know about it and have to rely on the information to predict its future, you can not buy based on emotion or listen to others, this is the wrong thing in trading. Decided to sell will happen when it reaches the price you predict, that means that before you buy, you have determined when its price is how much you will sell it. For example buy $ 20, determined to sell at $ 30, if it's up $ 25, you will not sell because you know it can be up to 30 dollars

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June 02, 2017, 03:21:15 PM
 #14

There are altcoins that I buy for trading and I always set my sell order to only x5 of principal value. But there are also some coins that I hold for long term like bitcoin and xem. I do not sell these coins even if the price is fluctuating really high.














 

 

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June 02, 2017, 03:56:09 PM
 #15

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- Actually when you buy an altcoin, you definitely have to know about it and have to rely on the information to predict its future, you can not buy based on emotion or listen to others, this is the wrong thing in trading. Decided to sell will happen when it reaches the price you predict, that means that before you buy, you have determined when its price is how much you will sell it. For example buy $ 20, determined to sell at $ 30, if it's up $ 25, you will not sell because you know it can be up to 30 dollars

I agree with you, I did some research, but I believe with altcoins it's quick a bit of luck and watching which are having a slow few days.

I had another post stating I've had trouble finding good legit information about the coins lately which causes a problem when it comes to making good decisions.
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June 02, 2017, 04:09:58 PM
 #16

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- Actually when you buy an altcoin, you definitely have to know about it and have to rely on the information to predict its future, you can not buy based on emotion or listen to others, this is the wrong thing in trading. Decided to sell will happen when it reaches the price you predict, that means that before you buy, you have determined when its price is how much you will sell it. For example buy $ 20, determined to sell at $ 30, if it's up $ 25, you will not sell because you know it can be up to 30 dollars

I agree with you, I did some research, but I believe with altcoins it's quick a bit of luck and watching which are having a slow few days.

I had another post stating I've had trouble finding good legit information about the coins lately which causes a problem when it comes to making good decisions.

your problem is mostly because there aren't any legit information about any coins out there Smiley
mostly there are just hyped up news. and sometimes they don't even make sense. for example an altcoin releases a new version of their wallet software and then price goes up (pump and dumps)!

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June 02, 2017, 04:23:03 PM
 #17

Quote
- Actually when you buy an altcoin, you definitely have to know about it and have to rely on the information to predict its future, you can not buy based on emotion or listen to others, this is the wrong thing in trading. Decided to sell will happen when it reaches the price you predict, that means that before you buy, you have determined when its price is how much you will sell it. For example buy $ 20, determined to sell at $ 30, if it's up $ 25, you will not sell because you know it can be up to 30 dollars

I agree with you, I did some research, but I believe with altcoins it's quick a bit of luck and watching which are having a slow few days.

I had another post stating I've had trouble finding good legit information about the coins lately which causes a problem when it comes to making good decisions.

your problem is mostly because there aren't any legit information about any coins out there Smiley
mostly there are just hyped up news. and sometimes they don't even make sense. for example an altcoin releases a new version of their wallet software and then price goes up (pump and dumps)!

I'm starting to figure that out. Lol, I know there are a few things that trips pumps, I try to be on the low side of it, but isn't that everyone's dream!
zeze18
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June 02, 2017, 04:26:28 PM
 #18

There are altcoins that I buy for trading and I always set my sell order to only x5 of principal value. But there are also some coins that I hold for long term like bitcoin and xem. I do not sell these coins even if the price is fluctuating really high.

It seems like a good idea, but to set up a trade with sell order x5 of the principal amount may take some time to reach that peak point. But if we look at altcoin market at this time of course it will be achieved

RodeoX
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June 02, 2017, 04:28:11 PM
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Never.  I spend the best money there is. I don't want your state monopoly money. Thanks anyway.

The gospel according to Satoshi - https://bitcoin.org/bitcoin.pdf

Free bitcoin in AFRICA - https://bitcointalk.org/index.php?topic=2710325.msg27720734
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June 02, 2017, 04:42:23 PM
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There are altcoins that I buy for trading and I always set my sell order to only x5 of principal value. But there are also some coins that I hold for long term like bitcoin and xem. I do not sell these coins even if the price is fluctuating really high.

Not all people have this commodity to buy and hold them for many years, personally it depends from the time and situation but my minimum sell order is +0.8% of what I bought (it may sound really low but it's better than losing a lot).

But in other cases I prefer to make sell orders +3% - 5% depending on the exchange rate of that coin but also the amount invested and the situation if it is at the pump or dump phase that coin.

Thank you...


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