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Author Topic: How do you decide when it's time to sell?  (Read 14288 times)
sweetbet
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August 24, 2017, 02:47:49 AM
 #1

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

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August 24, 2017, 02:49:55 AM
 #2

Concentrate on school and then watch the price when BTC is in the tv news.

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August 24, 2017, 02:59:57 AM
 #3

From my side, since I'm not also online all day long. I check the trend of the coins that I have at least once a day.
Also, you need to read the thread related to that coin that you own so you will at least have an idea if it has the chance of doing great in the market or not.
If my gut feel says that this coin will do great in the future, I will hodl the coin as long as I can.
Usually, the downward trend for the coin depends on the dev team themselves.
You should know how to gauge if the dev team is about to abandon the project or will just do the pump & dump for the coin they created.
But if the development of the project is great and the dev team is active & really legit, then, there's high probability that you own a valuable coin.
Bottomline is, you need to be knowledgeable on what's happening to the coins you own even if you're not 24/7 watching their market.

   

 
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August 24, 2017, 03:33:53 AM
 #4

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

The first thing is, I have to check whether this coin could reach certain price, depends on market reaction or how much it could attract investors. Read some news, join into slack channels and all of their social media in order to get latest information about next development. Then, to decide target price to sell by using your prediction and intuition, just set certain amount of profits that you think it could be achieved. Instead of monitoring the prices all the time, you can use trading bot to execute the orders.

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August 24, 2017, 05:02:51 AM
 #5

When the price is high, that's when I sell. When the low price I will hold it, menuggu high price.
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August 24, 2017, 05:35:49 AM
 #6

it depend on the situations itself if the market uptrend still unstoppable i think i would wait a little longer to sell but normally 20-30% profit from my basic capital is enough for me and if the market situations downtrend and dropped gradually maybe cutting my losses will be my actions but there is no certain losses and certain profit in trading


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August 24, 2017, 06:21:43 AM
 #7

I don't blindly follow market price without any plans and i don't wait without selling thinking that sky is the limit for my profits.I set a profit margin of almost 10% or 20% and as soon my invested coin reaches that price target,then i just sell my coins and complete the trade.Some don't set such profit limits and they simply follow the price rise thinking that it would continue to rise and suddenly when it gets dumped,then they suffer a huge loss by selling their coins at much lower price than their bought price.
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August 24, 2017, 06:46:27 AM
 #8

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

I closely monitored the price daily and read a lot of news about it and see if there are potentials for more growth or not specially in altcoins. If I see that the coins has been pumped up and ready to burst I make my moved and not waiting for the actual panic sells, in this way I can get out early and not lose my investment. As far as bitcoin, I try to hold it for long, and not panic sells. Of course there are times that I need some funds on my offline business so I sell bitcoin as the highest price at that moment, but not all, I just sell enough to cover or need additional cash flow and then try to buy back again if opportunity is there.

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August 24, 2017, 07:14:44 AM
 #9

It depends on a lot of things. Your needs. The situation. The price. The market movement. It's up to the person who's selling to know which of these reasons apply as all here are valid for one to sell the coins they have. Sometimes we're left wih no choice but to sell if we're in need of money. So as long as it benefits you, sell.

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August 24, 2017, 07:34:06 AM
 #10

Its time to sell when the price is right for me. If I profited out of it.
I dont want to get greedy so I will just set a target price.
And if not satisfy me, i just HODL it again and watch the graph.
I also check the circulation of coin in the market if its good


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August 24, 2017, 08:14:07 AM
 #11

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?
you don't need to watch the market 24/7, you make a speculation and hope you are as close as possible with your prediction.
for that you use the charts and orderbook and the history and the fact that how big that pump can be.

Quote
If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
place orders at a price that gives me a satisfying profit!
seriously you need to stop being greedy if you want to succeed. stop trying to get the most out of it, just take a small profit (even 5%) and be happy about it. you don't always need to make 1000% to be satisfied.

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August 24, 2017, 08:48:30 AM
 #12

If a set up has not clear target level, say you expect choppy trading, there is option to split amount and fixing profit partly by minimal profitable level, rest holding for better market price.
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August 24, 2017, 10:53:27 AM
 #13

When the price is high, that's when I sell. When the low price I will hold it, menuggu high price.

That's easier said than done. Also, this would require looking at the prices every few minutes since prices can cash and rise in seconds. Just set a realistic profit goal (like 3-8% would suffice). The price went up 5%? Good. Go sell it. Usually you don't wait for 50% profits or so, since that's too far fetched, unless you have information on a certain news or update that could possibly skyrocket the price of that certain coin. Tldr; Don't be greedy.

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August 24, 2017, 11:07:22 AM
 #14

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
Selling and buying time is actually the hardest thing for me and it is really not a simple click on buy or sell orders because you would really need to decide well regarding on your actions. I decide to sell out when i saw theres already a good range or percentage of profits regarding on my investment. Sometimes i do sell directly without hesitations but sometimes there are really scenarios on which my emotions or intuition tell me to hold even more because price would still go up.


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August 24, 2017, 11:49:20 AM
 #15

it depends on the coin a lot.
some of the altcoins that i invest in and get pumped, will not last high more than a day tops. that means i will choose the highest price after some hours or at the end of the day to dump what i have bought earlier.

but some altcoins are bigger and get pumped harder and longer. those you can hold on to for more than a day and then dump after the pump slowed down.

generally speaking you start thinking about selling when the rise aka that pump slows down. it is the signal showing you that pumpers are running out of fuel and the market is losing interest and there won't be any more buys.














 

 

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The_prodigy
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August 24, 2017, 12:02:43 PM
 #16

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

My strategy was always to look at past trends, hear put some rumors or news and feel put my instict. From there I can make a very intelligient decision on where and how to proceed as this would be beneficial for me and I would want to be logical rather than panic.



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August 24, 2017, 01:17:04 PM
 #17

believe in your heart.....

first check some news... if have bad new on a top news then u should sell... then check the history of coin so decice to buy again or not

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August 24, 2017, 01:21:17 PM
 #18

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?

In terms of coins that is good for long term holding (BTC, ETH, NEM), I only do selling when I need money so basically any price. But now Im seldom doing it because I have spare funds on my fiat salary.

In terms of coins that having a pump and dump scenario everyday, it depends on how they are behaving per day plus hearing other speculations with good basis. I don't have such set of criteria when selling these type of coins but if I saw the price is good based on my own view, I will do buy or sold.

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August 25, 2017, 01:49:23 AM
 #19

Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?

If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.

What's your strategy?
If you a trader and you don't have enough time to monitor your position on when to sell, I will advise you to set a take profit order base on the percentage of the profit you want make from the trade. You can equally set a stop lose orders to help you reduce your chance of loosing too much of your capital while you are away.


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August 25, 2017, 03:53:43 AM
 #20

It always depends on things that will affect your decision, Do you really the money? for emergency, then sell it. Emotion can affect your decision too, do you think this is the peak of the price of bitcoin? Then sell it. For me , i am selling my bitcoin when i need airtime mobile load, or when i need to pay my bills exactly, or when i think the price is right i will sell it for me to not regret not selling my bitcoin. It really depends on your emotion and needs.
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