Blackout1321 (OP)
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Activity: 98
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June 02, 2017, 04:45:38 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). I don't think that it sounds extremely low if the funds are there to make up for the difference of the smaller profit margin. I've noticed that most that have lower funds will hold for higher %s, but others who have large funds can take a smaller % and still pull the same overall. I've think I have my game plan currently, we'll see how it pans out. |
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amacar2
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Merit: 1007
CryptoTalk.Org - Get Paid for every Post!
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June 02, 2017, 05:09:20 PM |
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I go through different analysis made by some of the popular crypto enthusiasts to find out what could be peak price so that I can get best price for my coin. I am also learning to read charts so that I can do my own analysis, this is not something that you can learn overnight. You have to make lots of mistakes to learn from them and sharpen your trading practice.
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luvwindy
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June 02, 2017, 05:15:07 PM |
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I'm buy-and-hold long. But I'll sell if things do not go as Planned.
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caldero
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June 02, 2017, 05:16:47 PM |
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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?
No fixed time really, it depends when real world requires fiat. If I don't need to spend anything I will leave it in crypto for years, more often than not though there are reasons to need to withdraw at least partially. |
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Blackout1321 (OP)
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Activity: 98
Merit: 0
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June 02, 2017, 05:17:54 PM |
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I go through different analysis made by some of the popular crypto enthusiasts to find out what could be peak price so that I can get best price for my coin. I am also learning to read charts so that I can do my own analysis, this is not something that you can learn overnight. You have to make lots of mistakes to learn from them and sharpen your trading practice.
I'm still learning to understand the charts fully. I get them for the most part, but there is always something more to learn and better tune your abilities. |
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JL421
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June 02, 2017, 07:23:14 PM |
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Now trading in stocks and trading altcoins has the same way but i hope you are aware that in stock market you normally sell off all your shares when you are satisfied with the profit or feel the price can drop. Same applies for altcoin trading , if the price is increasing and not stopping much there is a chance of a really big pump now again your job is to sell when you are satisfied now if you are greedy you may regret it later
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Patsakkyy
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Activity: 154
Merit: 100
🌟 eSports ICO: 01/11/2017 🌟
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June 02, 2017, 07:25:53 PM |
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Now trading in stocks and trading altcoins has the same way but i hope you are aware that in stock market you normally sell off all your shares when you are satisfied with the profit or feel the price can drop. Same applies for altcoin trading , if the price is increasing and not stopping much there is a chance of a really big pump now again your job is to sell when you are satisfied now if you are greedy you may regret it later
So only an experienced trader can speak and even for a beginner this moment will be very difficult and yet it is worth to divide the trade of altcoyn or some securities. |
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xFiber
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June 02, 2017, 07:31:23 PM |
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I don't. But that isn't entirely true, when I'm trading altcoins I try to atleast get my initial investment back with a small percentage and let the rest rise in there.
Regarding bitcoin however, I never cashout bitcoin since I've lost faith in FIAT I'd rather keep my money in this extremely promising project that is called the blockchain ledger.
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moviebuff777
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Activity: 378
Merit: 250
CryptoTalk.Org - Get Paid for every Post!
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June 02, 2017, 08:09:15 PM |
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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?
I usually sell at a specific percentage profit, but that strategy sort of backfired on this last increase because I sold for the set profit percentage and then the bitcoin price kept going up and up so I lost out on some additional profits. It also makes it hard to buy back in lower than my last sell price. |
Hero/Legendary . ██████████. .████████████████. .██████████████████████. -█████████████████████████████ .██████████████████████████████████. -█████████████████████████████████████████ -███████████████████████████████████████████████ .-█████████████████████████████████████████████████████. .████████████████████████████████████████████████████████████ .██████████████████████████████████████████████████████████████. .██████████████████████████████████████████████████████████████. ..████████████████████████████████████████████████████████████.. . .██████████████████████████████████████████████████████. . .████████████████████████████████████████████████. . .██████████████████████████████████████████████ . ██████████████████████████████████████████████████████ .█████████████████████████████████████████████████████████████. .███████████████████████████████████████████████████████████ .█████████████████████████████████████████████████████ .████████████████████████████████████ |
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Superways
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June 02, 2017, 08:11:01 PM |
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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?
I have invested in bitcoin for a longer time and I have though to remain in bitcoin until I not need to use my money in the form of fiat. Currently I do not need them and when I need I try to use in BTC form and I am trying to stay in BTC for longer time to get all the profit for longer. |
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Blackout1321 (OP)
Newbie
Offline
Activity: 98
Merit: 0
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June 02, 2017, 08:24:24 PM |
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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?
I have invested in bitcoin for a longer time and I have though to remain in bitcoin until I not need to use my money in the form of fiat. Currently I do not need them and when I need I try to use in BTC form and I am trying to stay in BTC for longer time to get all the profit for longer. I believe I'm going to do my best to invest in alts and get certain %s then invest and hold those in BTC. Only thing that will suck is it means a slow start to BTC, but overall it will be a good way to grow the portfolio. |
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jpoker272727
Legendary
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Activity: 1137
Merit: 1000
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June 02, 2017, 08:36:03 PM
Last edit: April 16, 2018, 10:05:44 AM by jpoker272727 |
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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... I don't think that it sounds extremely low if the funds are there to make up for the difference of the smaller profit margin. I've noticed that most that have lower funds will hold for higher %s, but others who have large funds can take a smaller % and still pull the same overall. I've think I have my game plan currently, we'll see how it pans out. |
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adzino
Copper Member
Hero Member
Offline
Activity: 2968
Merit: 574
www.Crypto.Games: Multiple coins, multiple games
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June 02, 2017, 09:24:40 PM |
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I keep a threshold for profit and loss. The threshold is based on the amount i can afford to lose. If that threshold is reached i end up selling. This way if i suffer loss, the amount isn't that very big. Though the profit also not very huge but it's less riskier than holding it especially with alt coins.
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CyberKuro
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June 02, 2017, 11:19:02 PM |
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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?
When I get at least small profit of course, depend on which coin that I have. Some coins could rise more than expected such as top 5 coins right now, the price more than $200. For the new one or cheap coins, when it gonna be loss than I would just sell it because there are so many coins dump but never rise again. |
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litaf
Newbie
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Activity: 51
Merit: 0
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June 03, 2017, 01:02:35 AM |
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I have a calculated stop loss that I determine from significant price levels and trading volume. I size my positions according to this stop loss level. On each trade I risk only 1.25% of my capital. I generally look for trades where I can get 2 or higher risk reward ratio.
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asyakashi
Sr. Member
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Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
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June 03, 2017, 01:08:41 AM |
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Greed in trading will make us wretched. At least we have a target profit within a certain period of time, daily, weekly or monthly. If the target has been reached it is time to close the market and go enjoy the fresh air.
5% -20% I think is enough for daily profit.
If you have a belief wait up to 50% -100%, this is risky and takes the courage to hold.
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Sled
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June 03, 2017, 02:07:18 AM |
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I'm not selling or having some plan to sell because all i do is buying and keeping bitcoins for long term instead of selling and missing opportunity to be rich soon. I don't need to have a plan for selling because based on the things that i read and i feel about bitcoin, it seems that it is perfect for long term which is the best for people who want to be a millionaire.
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zxl912157
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June 03, 2017, 02:24:33 AM |
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I'm not selling or having some plan to sell because all i do is buying and keeping bitcoins for long term instead of selling and missing opportunity to be rich soon. I don't need to have a plan for selling because based on the things that i read and i feel about bitcoin, it seems that it is perfect for long term which is the best for people who want to be a millionaire.
A good plan is different from most people. Every big increase everyone starts to panic and wants to sell it take advantage of the highest moment. Sell a little just to taste the highest price I think it's reasonable, then save for future assets is fair.  |
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Yuuto
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June 03, 2017, 02:31:49 AM |
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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?
For me it's mainly either a goal hit or just emotions taking over my trading. It's probably not the most profitable trading method as I often cash out my coins really low compared to the high in the current bull run but at least I don't buy high and lose money all the time. Setting a limit order before the price has even gone up is a good idea. It means that you don't need to be in front of your laptop or pc 24/7. Once the price is hit, your limit order executes because someone else fills it. |
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Qartersa
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June 03, 2017, 02:37:34 AM |
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You let go when the prices are at it's peak and buy back at low prices. That's how it should be. It's hard to predict the peak but there are signs. Usually, in bitcoins, there are plenty of signs, like sudden rise without justification and all altcoins are going down. Then that is the time to sell and buy alt coins.
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