When do YOU sell?

[richmcrich]

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.

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.

It really depends on the trader if he will sell it for short term or if he will sell it for long term. There is a lot of kind of traders so it is not always short term and there are still traders that prefer long term trading so they can earn more money so they cannot miss the opportunity to sell at the moon and not on a launching of the rocket.

Yes, the selection of time for selling off coins is totally dependent on trader. If the trader wants huge profits, he/she is going to go for long term trading that too with bitcoins. But if one wants immediate profits, he/she will go for short term trading that too with altcoins.

[8Habits]

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.

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.

It really depends on the trader if he will sell it for short term or if he will sell it for long term. There is a lot of kind of traders so it is not always short term and there are still traders that prefer long term trading so they can earn more money so they cannot miss the opportunity to sell at the moon and not on a launching of the rocket.

Yes, the selection of time for selling off coins is totally dependent on trader. If the trader wants huge profits, he/she is going to go for long term trading that too with bitcoins. But if one wants immediate profits, he/she will go for short term trading that too with altcoins.

It is true and really depends of individual preferences as to the strategy of trading - whether long or short trades. I really love doing short trades like having a goal of jsut 2-3% per trade - yes, it is very little amount but I love the feeling of having many small wins compared to stressing myself in holding for long and see lots of reds around the chart

[A.H.Rassel]

I have put resources into Bitcoin for a more extended time and I have thought to stay in Bitcoin until the point that I don't have to utilize my cash as fiat.it appears that it is ideal for long haul which is the best for individuals who need to be a mogul

[abayan]

30% up and down... So mean when price down 30% I sell. And have 30% profit I sell

Thats not applicable in so many altcoin i think because some after dumping at 30% more it bounces back with a good ATH and some of the price hits more than 30% when pump but in any case its already okay if you sold in profit unlike others traders that they only sell when the market was already in dumping.

[Sled]

30% up and down... So mean when price down 30% I sell. And have 30% profit I sell

Thats not applicable in so many altcoin i think because some after dumping at 30% more it bounces back with a good ATH and some of the price hits more than 30% when pump but in any case its already okay if you sold in profit unlike others traders that they only sell when the market was already in dumping.

That is one of my strategy, if i don't have a clear target price to sell for my coins, i only do is watch the market and always monitor the price of that coin and if the price of the is nearly on the top or it is on the top then i will watch it more frequently so i can see any dump and if there will be a medium to big dump then i will just sell it and try to identify the support and resistance for another buy back or entry again for trading.

[Kiweikoo]

I have put resources into Bitcoin for a more extended time and I have thought to stay in Bitcoin until the point that I don't have to utilize my cash as fiat.it appears that it is ideal for long haul which is the best for individuals who need to be a mogul

Yes, there is no doubt in it that holding the Bitcoins for long term will give you much more than now. Investing in Bitcoin is for sure very much profitable. But you cannot become a millionaire in just a night. So, you need to be patient.

[reliable]

when bitcoin prices reach $ 5000, I would probably sell half of the bitcoin I save. Well, maybe i will use it for business purposes, but when bitcoin price goes down at that moment, maybe i will go back buy it.

Your target may be achieved soon as market have crossed 4600$ and should be there in couple of days if the upward trend continues. Probably this could be resistance level for bitcoin and if some more countries come in line with Japan and legalize the bitcoin then the price are set to rise and move quickly to new history.

[ethereumhunter]

I have put resources into Bitcoin for a more extended time and I have thought to stay in Bitcoin until the point that I don't have to utilize my cash as fiat.it appears that it is ideal for long haul which is the best for individuals who need to be a mogul

Yes, there is no doubt in it that holding the Bitcoins for long term will give you much more than now. Investing in Bitcoin is for sure very much profitable. But you cannot become a millionaire in just a night. So, you need to be patient.

i agree, the biggest problem that we should concern is to be patience because we need to waiting for some period if we want to take profit and if we don't have patience, then we are only selling in middle price and our profit can not be big money. the right time to sell is when the price is reach the highest price but its still difficult to determine when the price is come.

[bandungan]

when bitcoin prices reach $ 5000, I would probably sell half of the bitcoin I save. Well, maybe i will use it for business purposes, but when bitcoin price goes down at that moment, maybe i will go back buy it.

Your target may be achieved soon as market have crossed 4600$ and should be there in couple of days if the upward trend continues. Probably this could be resistance level for bitcoin and if some more countries come in line with Japan and legalize the bitcoin then the price are set to rise and move quickly to new history.

I think that too, touching the $ 4600 price for a country like Japan seems to be realized smoothly because state policy to legalize bitcoin can actually make bitcoin prices an upward trend. but, for now there are still many countries that have not legalized bitcoin as a digital currency for payment. so to get the target price above $ 4600 will feel heavy.

[mast3rm1nd]

the easiest I think is to have a % in mind and never look back; but if you can predict where the market is going then you're in for some serious profit.

[mroth7684]

Brace ur self.. sell when winter coming. 
I usually sell when see people so panic and buy back when it's sell hard

[8Habits]

the easiest I think is to have a % in mind and never look back; but if you can predict where the market is going then you're in for some serious profit.

You are right mate, you should have a fixed and pre-planned target % before you even make a trade - this is ideal because it removes the emotional aspects in trading most especially if the price goes down or goes up. You just got to set a certain target gain, open a sell position of the said gain and logout and only check it every couple of hours so you won't get affected emotionally of the price volatility.

[gabmen]

the easiest I think is to have a % in mind and never look back; but if you can predict where the market is going then you're in for some serious profit.

You are right mate, you should have a fixed and pre-planned target % before you even make a trade - this is ideal because it removes the emotional aspects in trading most especially if the price goes down or goes up. You just got to set a certain target gain, open a sell position of the said gain and logout and only check it every couple of hours so you won't get affected emotionally of the price volatility.

Well.its not gonna hurt all the time if you become a little flexible with your target. It's good that you have a fixed target amount for selling but sometimes, if you're not the type of person who easily panics, its good if you can wait a little more and just use that target amount as basis for your selling rate

[diskodasa]

hard to tell when u can sell. but if u need money. u sell. if u want take back invest. u sell. or I think u should hold. crypto is just begining. it's will be future of world

[lahje]

i usually sell whatever i have on the + side if i need to invest in some other interesting coin. if i dont need btc i usually sell if my initial investment is at 5-10x profit. i've sold at loss too, but generally i've been lucky to be able to sell at profit.

[neya]

i usually sell my coin if my coin is in positive(+) already even just lil profit or little prize im. contented with that. 100k satoshi profit is enough for me and i feel happy. maybe because im juat new in trading thats why i not assume big profit.

[devrawal93]

First of all you keep in mind while trading Bitcoins, you need to plan everything right from entry to exit.For you to know the best time to sell your positions, you need to have a good Strategy for entry & exit,Good Risk Management and Good Trade Management.  

For example, I have follow 2 systems for exiting  my positions. I exit either when i reached my Calculated Target or else i exit when my Technical system or indicators tells me to exit.

[bitcoinmasterlord]

i usually sell my coin if my coin is in positive(+) already even just lil profit or little prize im. contented with that. 100k satoshi profit is enough for me and i feel happy. maybe because im juat new in trading thats why i not assume big profit.

This is how we can start to make a profit from trading. If you look for direct 50% or 100% profit. It won't work every time. Again you need to depend on your luck to make this profit. So make one small percentage if you reach that percentage you can sell and again start trading. But at present, the Bitcoin trading is more profitable to compare altcoin trading.

[malavita]

depend what is your strategy. my strategy is sell when up and down around 10%. and I do it many time. ^^

[ggeorgiev]

When weak hands start buying in mass.