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Author Topic: How do you decide when it's time to sell?  (Read 14295 times)
allohha
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September 04, 2017, 07:34:57 PM
 #181

For me as long as I get a 40%- 50% profit, that is the time I sell my coin. Still small though because I'm still practicing with a 150k sats.
40-50 % is a very handsome amount of profit. But this is what differs from person to person. Everyone has something different in his mind. Some might be interested in getting only 10% of profit, others may be looking for more. I think it is you who decides that this is the best time to sell.
The fact is that they always do not very often price certain coins for a maximum. We must ourselves identify and define the peaks to which we aspire and from which to start the countdown the fall of 10% in price. Although the strategy of reality is very correct.

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September 04, 2017, 09:08:17 PM
 #182

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 trading strategies is set up an order in the price that I think I can get a enough profit. But it depends on the situation, if I need a money I trade it to actual price because I have no choice. But I sell the equal value of token that I need, the rest was in the open order.

Then it is obvious that the right time to sell is the high price but we can't predict on what time is that, so that instead of spending a time in guarding the price, I read the ICO price, choose a best coins exchanger and set my orders.

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September 04, 2017, 09:24:22 PM
 #183

If i see coin increase that i have I will make a research first so i can know they have possible to increase more or decrease. I will always monitor all coin everyday even im busy because its business. And for most of them are also busy like me and you will never escape trading even you are busy . Because if I do that I can monitor what coin is good to sell and buy.

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September 04, 2017, 10:33:04 PM
 #184

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?
for me if playing with a little better capital to play in a long-term way, buy and wait up to 200% increase then sell. and wait for the price to go down again and buy again.
This time is a good time to buy again, average altcoin gets massive dump due to the pboc's announcement regarding ico. This is very good chance to buy the more coin as much as we can.
Just accumulate the profit next week.

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September 05, 2017, 06:50:47 AM
 #185

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?
for me if playing with a little better capital to play in a long-term way, buy and wait up to 200% increase then sell. and wait for the price to go down again and buy again.

This is a very good strategy if you choose the right coin. After all, not every coin can be so much more expensive. And even more so in a short time.
And this is the hardest job of a trader
but  i think that it is not so easy to choose the right coin. because no one know in advance that the coin will hit and will increase too much but we still need to have good study about the altcoin where we want to invest our money. because there are  so many altcoin which are already dead or going to die, while so many other sponzy coins where you can even lose your own investment.

Best option is to analyse the market first and check the coins which have potential to grow and have some solid technology behind it. Once selected buy that coin by following it over the time period and when the price but the lowest then buy that. This will lower the risk of lose.
I suppose it depends on strategy. You have plan of expecting some big profits then time of sell is surely after 5-6 years. It will give you a long figured amount in return. But if you are doing trade, keep watching the price charts, as soon so get the fixed percentage of profit, sell it.
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September 05, 2017, 08:04:48 PM
 #186

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?
for me if playing with a little better capital to play in a long-term way, buy and wait up to 200% increase then sell. and wait for the price to go down again and buy again.

This is a very good strategy if you choose the right coin. After all, not every coin can be so much more expensive. And even more so in a short time.
And this is the hardest job of a trader
but  i think that it is not so easy to choose the right coin. because no one know in advance that the coin will hit and will increase too much but we still need to have good study about the altcoin where we want to invest our money. because there are  so many altcoin which are already dead or going to die, while so many other sponzy coins where you can even lose your own investment.

Best option is to analyse the market first and check the coins which have potential to grow and have some solid technology behind it. Once selected buy that coin by following it over the time period and when the price but the lowest then buy that. This will lower the risk of lose.

Yes doing a good homework is mandatory before investing in any coins and you cannot afford to invest blindly in it without any research as it will never bring positive results for you and if you have analyzed the market well then you will surely come to know that which is the best price to buy.
Without giving proper time to research and making investments is just like hitting your arrow in the air without aiming properly, hoping that you may hit the most delicious bird. It is not going to work in the crypto market. You have to keep eye on your desired coin’s market trends to figure out the best time of grabbing out.
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September 06, 2017, 03:59:13 AM
 #187

All of cryptocurrencies are very volatile. Its so hard to find the right time for buy or sell. Just sell the coin to get profit or for cut loss, we to have our own strategy.

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September 06, 2017, 04:07:07 AM
 #188

I suppose it depends on strategy. You have plan of expecting some big profits then time of sell is surely after 5-6 years. It will give you a long figured amount in return. But if you are doing trade, keep watching the price charts, as soon so get the fixed percentage of profit, sell it.

That's quite a long time to sell but yes it could be that long time if one intends to profit that much. As for me, I am having a fix percentage of profit and when it reach that price, I would sell and as much as possible it would be during the day cause trading crypto is very volatile so we never know what will happen to it the next day and usually I would buy a coin because of a news related to the coin and would attract others to buy it thus an increase in price. Sometimes, I would profit immediately but other times, I would wait for a few days or weeks to have a profit and when I am impatient then I would sell it at a loss.

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September 06, 2017, 05:53:06 AM
 #189

Its depends on your strategy and everyone has their own strategy and has their own principles, for me I just make a order if I have 10% of profit,, although the price of Coins will be even higher I will not think much about it because my target is just 10% of profit

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September 06, 2017, 06:03:38 AM
 #190

If i see coin increase that i have I will make a research first so i can know they have possible to increase more or decrease. I will always monitor all coin everyday even im busy because its business. And for most of them are also busy like me and you will never escape trading even you are busy . Because if I do that I can monitor what coin is good to sell and buy.
Yeaaa looking for various source to be analyzed and execute it!
You should always be ready when you are a day trader , it is a must to keep an eye anytime.
But when you are a long term trader you only need to make analysis for once only and set your sell position!
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September 06, 2017, 06:06:25 AM
 #191

Its depends on your strategy and everyone has their own strategy and has their own principles, for me I just make a order if I have 10% of profit,, although the price of Coins will be even higher I will not think much about it because my target is just 10% of profit

I agree with your opinion. Indeed everyone has thoughts and strategies when trading, but I just take 10% profit of the capital that I spend. This way makes me be in secure position when the market is unstable. But sometimes psychological more prominent than logic when trading.


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September 08, 2017, 05:47:17 AM
 #192

Its depends on your strategy and everyone has their own strategy and has their own principles, for me I just make a order if I have 10% of profit,, although the price of Coins will be even higher I will not think much about it because my target is just 10% of profit

I agree with your opinion. Indeed everyone has thoughts and strategies when trading, but I just take 10% profit of the capital that I spend. This way makes me be in secure position when the market is unstable. But sometimes psychological more prominent than logic when trading.

That's a safer way to look at it, setting up a conservative goal. I think that's more appropriate for day trades with coins that go up and down pretty quick. If it's btc, i'm not going to settle for 10% and will probably hold until i double my monet at the least

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September 08, 2017, 06:04:56 AM
 #193

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?
me i invest in bitcoin i dont have strategy but i hold my some bitcoin because i think this going so high at the end of a year and everytime bitcoin will go so low i always buy also i dont think you can call it strategy but i call it a cycle only,always think positive in trading that is the best answer

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September 08, 2017, 06:36:17 AM
 #194

I decide how much profit is required and keep a sell order according to my target. I monitor the price and wait for the sell order to complete.
If there are changes to be made then i cancel the sell order and make a new one accordingly.

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September 08, 2017, 06:42:40 AM
 #195

It completely depends on you my friend because you need setup your goal by how much profit you need from this coin. Some people will sell them when they made more than 10% from their investment. It depends on how much % you are expecting from the coin and at the same time you have to wait patiently for your desire % till the coin grows.


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September 08, 2017, 09:26:23 AM
 #196

It completely depends on you my friend because you need setup your goal by how much profit you need from this coin. Some people will sell them when they made more than 10% from their investment. It depends on how much % you are expecting from the coin and at the same time you have to wait patiently for your desire % till the coin grows.
Seeting amout when to dispose your coins ia the best thing to so in trading than watching the graph all day long. Better set amount and when you already see such value then sell it. It is hard to tell when will be the right time for selling it so better plan it as long as you earn from it.


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Ponylon
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September 08, 2017, 09:58:24 AM
 #197

simple

you don't sell.

I mean, you've just described it yourself

you are sitting everyday monitoring the market, nervous when to buy/sell

that makes you nervous and trading is taking its toll in the long-term (no sleep, sweat breaks etc.)

Just hold and take the decision not to sell for the next five years.. you will immediately feel a sense of relief
Bezobraznike
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September 08, 2017, 10:29:00 AM
 #198

simple

you don't sell.

I mean, you've just described it yourself

you are sitting everyday monitoring the market, nervous when to buy/sell

that makes you nervous and trading is taking its toll in the long-term (no sleep, sweat breaks etc.)

Just hold and take the decision not to sell for the next five years.. you will immediately feel a sense of relief

   You just described long term strategy and that is my favorite one, holding for long term is my plan. It is easier then day trading, I do not plan to follow price movements every day,
and lose time on that. The hardest thing is to chose right alt-coin for investing, after that relief will come.
   I have some plans and goals, and I will sell in case I achieve them earlier or if I see that my initial investment is going down fast. Do not sell is advice for people who have a lot of
faith in some coins, can you share which alt-coins you do not plan to sell? I would like to hear your opinion, your comment looks like you are very confident in some alt-coins and it
would be nice to know in which one.

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Sidas_Crew669
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September 08, 2017, 10:39:50 AM
 #199

If i see coin increase that i have I will make a research first so i can know they have possible to increase more or decrease. I will always monitor all coin everyday even im busy because its business. And for most of them are also busy like me and you will never escape trading even you are busy . Because if I do that I can monitor what coin is good to sell and buy.

Research, analysis, and the creation of a plan is the most important thing in trading. Well indeed as you say, that everything should be done in a way that is measurable and not origin in taking decisions. Because the world has a fluctuating cryptocurrency incredible prices harm for those who trade in a way that is not true or carelessly. Self control is also extremely needed in trade, not necessarily coin that just has a pretty good price increase gives the advantage to us and vice versa. The plan is the most important thing, after doing analysis, and research
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September 09, 2017, 06:58:43 AM
 #200

when i see coin price is some up i don't sell recent. i follow market cap. i follow all order book then i set my sell order.  i don't sell quickly just relaxed for sell and buy cause all time i believe coin price increase and decrease.

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