How do you decide when it's time to sell?

[walterz]

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

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[Smarty14392]

ITs time to sell when you need money
Few weeks ago I was needing money for some home project and so I thought of selling some of my Monero. ITs just unfortunate on my side to see I don't have opportunity to buy back at lower price.

When you made some profit on the investment you made then you will be happy but if you sell them at cheap you will feel not comfortable you end up in the loss. That's why people should track in excel sheet whether you are in profit or not.

If my buy point is known, I define a sell point when I'm buying it. Let's say I'm buying ethereum for 0.075 btc, and I plan myself like, I would sell it for 0.082 btc. This way, I don't have confusion to realize my profit.

Yes, when you have set your targets, you get direction for putting your efforts. Without any goal, it is just like hitting in the air while doing trading. Targets make it easy to have a record of your profits and losses. I myself always work with some goals because they give me reasons for working hard.

Without setting target you will definitely not doing so well. Rather it will be just a hard work but useless at the end. So better is to take a strategy, make a plan, stick to that plan and work harder with smartness. You better aid, targets and goals will show you better what you have to do in the field and how you do it.

[RealPhotoshoper]

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

Actually you will never be able to sell your coin at the right time accurately on top of the price.
But at least when you see such a pump signal , you should be ready to sell.
Just make sure you did not sell it too early by making a lot of analysis from a lot of sources.

[gabmen]

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

I think you'll be better prepared now when another pump or dump happens. Btc will just keep on going up probably in a  couple of more years. Keep holding. You'll never know how far your btc savings will take you

[marseille]

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

Actually you will never be able to sell your coin at the right time accurately on top of the price.
But at least when you see such a pump signal , you should be ready to sell.
Just make sure you did not sell it too early by making a lot of analysis from a lot of sources.

Yeah everyone says that buy low and sell high but no one exactly knows which is the highest price to sell as if you would have sold at $4500 thinking that its too high then today you would have seen the price of $4700 and at that time you would regret for not holding them longer so there is no perfect time or price to sell but sell it when you are making good profits from it without any regrets.

[hasmukh_rawal]

Time to sell depends on Technical & fundamental Factors. I am following Technical For past Years .According my point of view you should have some kind of trend following strategies or follow atleast DOW THEORY for exiting from coin's position, it is the best system for trading any scripts on any time-frame.

[michellee]

the most important is when we see the price is moving high and there is a chance for us to place a higher price. but to know how much the price will move high, we need to see in order buy and order sell to determine in what price we want to sell. beside that, maybe you can calculate how much percentage you want to take the profit so you can easily make order sell but don't too greedy.

[redsun114]

I think that we all have our own styles in trading.
For me, first I'll check the trend, news, of course, choosing a great coins, too.
Then see if its in dip or at peak, but not only that. Bookchart really helps a lot.
When placing an order, whether buy or sell, don't forget to use a stop loss.
When ppl are panic buying [Fomos], I'll sell it and the other way around.

Trend is significant but the market perception is also taken into account in daily trade for me. I can't trust technical things all the time. I look whether I'm in profit prior my sell orders. If yes, I sell it anytime I lke.

Hmm! In day trading, you need to stay active and smart. You can’t rely on single source for making profits. Thorough analysis we can understand well when to sell and when to hold. Since I do long term trading; I don’t face much problem in judging the good time for selling off coins.

[Casabrandy]

I think that we all have our own styles in trading.
For me, first I'll check the trend, news, of course, choosing a great coins, too.
Then see if its in dip or at peak, but not only that. Bookchart really helps a lot.
When placing an order, whether buy or sell, don't forget to use a stop loss.
When ppl are panic buying [Fomos], I'll sell it and the other way around.

Trend is significant but the market perception is also taken into account in daily trade for me. I can't trust technical things all the time. I look whether I'm in profit prior my sell orders. If yes, I sell it anytime I lke.

Hmm! In day trading, you need to stay active and smart. You can’t rely on single source for making profits. Thorough analysis we can understand well when to sell and when to hold. Since I do long term trading; I don’t face much problem in judging the good time for selling off coins.

As much as possible,it is better to have a target amount than watch the market all day long which is not necessary unless you only depends on trading. Long term trading will be a the best option to earn in trading so better still do some other activities too.

[bobitza]

If you dont need fiat at the time, you should hodl your coins!

I'm still thinking a lot about it, I feel a lot of danger when I store too many coins, I think I should turn half into fiat.

[BitcoinExpart]

If you dont need fiat at the time, you should hodl your coins!

I'm still thinking a lot about it, I feel a lot of danger when I store too many coins, I think I should turn half into fiat.

As every investment are involved with risk, some people gonna frustrated. And its OK as security and safety always first. But, my opinion is to be success and become a millionaire need to deal with risk.

[Oceat]

If you dont need fiat at the time, you should hodl your coins!

I'm still thinking a lot about it, I feel a lot of danger when I store too many coins, I think I should turn half into fiat.

As every investment are involved with risk, some people gonna frustrated. And its OK as security and safety always first. But, my opinion is to be success and become a millionaire need to deal with risk.

The best way to decide when you want to sell is by holding it and looking the price if it got the range of your expectation. Then you gotta have to sell it, so you'll get your ROI. If you are a professional bitcoin trader you will know what and when to sell because you have a list of your coins and charts.

[rickadone]

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 believe we can't pick the best order points all the time. And there is no exact right time to sell. It's totally up to your buying costs. If you bought the coin for cheap price, then it wouldn't be hard to sell it to realize your profits.

Yes it is you would not let to sell youre coin on the price that you wouldn't expected so as you buy it in the price that you have bought. As much as possible you will sell it in the highest price but sometimes unfortunately you can sell it for your second choice price.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

As long as you are not holding, and you are just trying to day trade. You are right, I think when you are only buying and selling then what you only need to do is to wait and watch the price charts. You must have set your margins of profit, so as soon you just get the price above margin, sell it boy!

[Valzzz005]

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?

When the price is right, I probably going to sell it. If the value is still low I'm just gonna hold it and wait for other exchanger and when that comes value will somehow rise and I will sell it. When my the value of the coins meets my expectations and if I think that's the money I deserve as my labor as a work time I'm gonna sell it right aways. Sometimes it did not meet my expectations but it is okay there are always time that the profit that we get was so low.

[BobBct]

For me i usually do is check the chart if there will be another wave (when the price will go low) but you will need to research a bit to get the perfect calculation. and when it rise again it would be very easy to make profit. 

[Sled]

For me i usually do is check the chart if there will be another wave (when the price will go low) but you will need to research a bit to get the perfect calculation. and when it rise again it would be very easy to make profit. 

That is a good idea but in my opinion it is best to just buy the dumps and hold them for long term because the pumps that you will see or the bounce backs are just for temporary and they are not worth it to sell all of your coins and if you are holding more than 10 bitcoins then long term is a must and just buy another 1-2 bitcoins and use it for day trading.

[RealPhotoshoper]

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

Actually you will never be able to sell your coin at the right time accurately on top of the price.
But at least when you see such a pump signal , you should be ready to sell.
Just make sure you did not sell it too early by making a lot of analysis from a lot of sources.

Yeah everyone says that buy low and sell high but no one exactly knows which is the highest price to sell as if you would have sold at $4500 thinking that its too high then today you would have seen the price of $4700 and at that time you would regret for not holding them longer so there is no perfect time or price to sell but sell it when you are making good profits from it without any regrets.

Just look at the market situation based your own knowledge , if you know already about the bubble.
Maybe that time is the right time to sell your coins , as the market in not normal rates leading to drop price later.
Sell it step by step , don't go allin as it might just give you a full of regret.

[Kemarit]

It just happens whenever I saw the price pump up so high. Then I can't hold my self from selling it for some profit.
The fact I regret it now because bitcoin pumped even more and more

Actually you will never be able to sell your coin at the right time accurately on top of the price.
But at least when you see such a pump signal , you should be ready to sell.
Just make sure you did not sell it too early by making a lot of analysis from a lot of sources.

Yeah everyone says that buy low and sell high but no one exactly knows which is the highest price to sell as if you would have sold at $4500 thinking that its too high then today you would have seen the price of $4700 and at that time you would regret for not holding them longer so there is no perfect time or price to sell but sell it when you are making good profits from it without any regrets.

Just look at the market situation based your own knowledge , if you know already about the bubble.
Maybe that time is the right time to sell your coins , as the market in not normal rates leading to drop price later.
Sell it step by step , don't go allin as it might just give you a full of regret.

I would also sell in small portions to test how the market is and then get it during dips. In the beginning of my I usually go all in and as I go looking back, its not a good strategy to begin with. And before I would just sell even though I don't needed fiat that time so it very wrong move that I'm making. But as I matured, I only sell in portions and observe if I make the correct decision, sometimes I hedge it against dollar as well. You will definitely regret if you did sell all in as what I have experience early on.

[iqlimasyadiqa]

For me i usually do is check the chart if there will be another wave (when the price will go low) but you will need to research a bit to get the perfect calculation. and when it rise again it would be very easy to make profit. 

such circumstances that we ahrus utilize to be able to get a profit margin. doing the analysis is the most important part in trading, because without analysis we will not benefit. it's the same as gambling game if only rely on luck.

[heppot]

when the price is quite expensive, that's when I started selling. when the price drop I better hold it for a longer time.
but do not be sorry if when you've sold but the price actually went up higher.