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Author Topic: How do you decide when it's time to sell?  (Read 14206 times)
Charlie2287
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August 25, 2017, 04:21:48 AM
 #21

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 use the special programs sometimes. However in most cases interesting me to conduct the process of sale or purchase. And the special strategies for me are not present.
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August 25, 2017, 05:07:45 AM
 #22

Just wait for tge right time the btc currency will be higher someday so save some of your btc to whats coming up next its better ready than to be sorry its better to save up things of cpurse u will spend some but not too some lol jk just like last year be ready mate
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August 25, 2017, 05:25:11 AM
 #23

Maybe I will sell bitcoin when I have an urgent need, now I try to always hold it until it reaches higher price than now. The Bitcoin revenue I get from trading campaigns and signatures always keeps my wallet.
Because right now I still have income from my real job.

,



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August 25, 2017, 05:26:20 AM
 #24

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.

It's very hard to predict the trading in cryptocurrency world. This is not like the case in stocks or the forex market. The chart says it is going up, and then it is going down. CRyptocurrency is very risky the volatility is very high plus the presence of whales makes it more difficult to read many times.

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August 25, 2017, 05:31:00 AM
 #25

First you plan on how much value you want and if  think it's content. I am doing this especially now that the Market is up and down. It's better to be sure. But if there's more to go and continue to raise is up to you. Just not to be aggressive or to be greedy because That will be your opponent.


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August 25, 2017, 06:10:28 AM
 #26

It is definitely very tough to predict whether or not Bitcoin will go up at any given time. Your best bet is to keep up with Bitcoin news. If something good happens, price will go up and you should hold. If something bad happens, try your best to sell. Overall, if you personally feel like Bitcoin is bubbling and will burst soon, you should try to get your money out asap.

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August 25, 2017, 06:21:51 AM
 #27

Its very hard to tell on when we should sell since there's no exact thing that we could set for this but if you see that your coin as at above to its ICO price I think its very better to sold that one and just buy for another sets if the price would go back for its original dumped price. I've seen so many ICO coins go for that scenario and maybe we will got a good fortune if we join to earn by executing some buy and sell with ICO coins.

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August 25, 2017, 06:38:12 AM
 #28

Its very hard to tell on when we should sell since there's no exact thing that we could set for this but if you see that your coin as at above to its ICO price I think its very better to sold that one and just buy for another sets if the price would go back for its original dumped price. I've seen so many ICO coins go for that scenario and maybe we will got a good fortune if we join to earn by executing some buy and sell with ICO coins.

It really hard to tell but the scenario you laid out is a good strategy. I have seen an ICO price that is not good but then when it was listed in a top trading platform, the price skyrocketed to more than 100%. So this is just another scenario that could happen that will make you sell your coins.

It happened to a lot of ICO's out there. Actually I did experience did and I'm happy that I hold the coins for the last 3 months and then the price went nuts. LOL.

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August 25, 2017, 09:46:46 AM
 #29

Before i sell anything or even before i enter trading. I always make a target price for the coin that i bought so if the price will reach to that target price then i will just immediately sell it. Sometimes i didn't follow my target price because it is sometimes up to the price movement and also from the chart itself so as long as the price is above my target price, I will sell.

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August 25, 2017, 09:59:18 AM
 #30

Only going to talk about selling altcoins as I believe in the longer run for Bitcoin.
Usually we buy at a price knowing that it would be the best possible buy-in price and intend to sell it for higher than the price that we brought it for. Sometimes, when the things go wrong with investments, we all get into a dilemma to sell or hold and at this point its typically a hard decision to make. If the coin looks like its completely going to drop off, then I would instantly sell it and if its just a small price drop and I see future potential in the coin, I would continue holding onto it.


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August 25, 2017, 10:04:47 AM
 #31

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?
You can make an open order by putting up a net at a different price, if you just make an open order at a single price, your trading will not be effective.

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August 25, 2017, 10:38:25 AM
 #32

Before i sell anything or even before i enter trading. I always make a target price for the coin that i bought so if the price will reach to that target price then i will just immediately sell it. Sometimes i didn't follow my target price because it is sometimes up to the price movement and also from the chart itself so as long as the price is above my target price, I will sell.
In the fact, if we set a target same the target of most trader on market, we will random create a sell wall and make the price of altcoin we trading can't reach to this target.
So, I usually choose check volume and demand on market, then I will decision my target but check price of this coin once everyday.
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August 25, 2017, 10:46:54 AM
 #33

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?

After making a purchase, you should sell at least 10% of the purchase price and I think you have the benefit


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Hamphser
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August 25, 2017, 11:07:19 AM
 #34

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?

After making a purchase, you should sell at least 10% of the purchase price and I think you have the benefit
10% is quiet decent basis for you to sell out your holdings but depending on how much or how big your bankroll is. If you are trading on bitcoin itself then its quiet hard to trade in small amounts but somehow would do if you are really serious you can opt out on trading on altcoin too and setting up a particular sell point is really good as long you do know that you would able to make profits.

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August 25, 2017, 12:37:30 PM
 #35

I do not monitor the price every day, maybe just a few moments. I use the widget on my phone and it makes it easy for me to know the right time to sell and time to wait.


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datodota002
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August 25, 2017, 12:48:43 PM
 #36

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 is make a boundary when i have to sell my BTC, i usually make a boundary when i get $200 - $300 i have to sell it, don't be greedy because it will make you loss more
Theodorre
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August 25, 2017, 01:12:27 PM
 #37

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?
you're not robot. take a cup of coffee and get some food, refresh mind with music then set up new order. be patient, wait wait and wait till you get what you wish

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magmar
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August 25, 2017, 01:21:31 PM
 #38

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?

Probably when the price is right, as simple as that. If the value of your holdings does not satisfied your standard or your expectations just hold it and wait for the value to rise or to have another exchanger who have much price than before. Then if you think the money you will get suits the effort you exerted, probably sell that and enjoy that money that you have now. It is the result of your hardwork, you deserve it, we all deserve to have a bigger profit.

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lumeire
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August 25, 2017, 01:28:11 PM
 #39

IMO the best signal is when you're already satisfied with your profits. You can sell your coins by then, or at most, 70-80% of your holdings.

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knightmairesaint
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August 25, 2017, 02:25:37 PM
 #40

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.

I agree with that, there is no right time when it to trading. You will often ask yourself if it is the right time but you will just be disappointed. It is true that there are times that the price will get higher or lower than your set order so thinking carefully in setting the amount is very important. When it comes to trading, it is a golden rule to sell high but buy low so we should always remember that.

To decide when to sell is very hard because if the volatility what we need here is acceptance in every result of every decision we made.

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