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Author Topic: How do you decide when it's time to sell?  (Read 13443 times)
Loope
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October 05, 2017, 10:25:17 PM
 #321

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?

Well for, as a seller I think i might be decide during the free time, I think for way that there is high price of bitcoin, I gonna be so incredible if we are getting online at all times so we need to wait for the seek of high value we need. Basically it is easy for us to wait for that particular time, then i think there is a increasing value, sometimes it will fall then it will rise again, well we have to focus on in order to achieve what is the higher value.

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October 05, 2017, 11:33:25 PM
 #322

I think that it's really difficult to find the point of enter to the market but it's more difficult to decide when you will close your position. I think it depends of your own aim often.

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October 05, 2017, 11:35:44 PM
 #323

It depends, when I invest I try to buy when the price is low depending on monthly or three monthly prices, and sell when they reach the peak price, never panic while buying low and selling high, just wait for the correct time.

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October 06, 2017, 01:53:12 AM
 #324

It depends, when I invest I try to buy when the price is low depending on monthly or three monthly prices, and sell when they reach the peak price, never panic while buying low and selling high, just wait for the correct time.

Deciding when its time to sell is a very tough and hard decision because you really dont know the equivalent of it.Just be wise to monitor if you want a bigger profit and read some news about what you want sell.Be patience about it and hold if you think that there is a chances to multiply of what you want to sell.Just be updated if you want a better profit.

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October 06, 2017, 02:24:24 AM
 #325

Before I sell, I do glance at some of the news to check whether there are forks ahead. If it does affect pricing within the first few hours of it's implementation I would sell my BTC an convert in to fiat currency. Then if the pricing starts climbing again, I'll buy in some BTC and hodl until the pricing reach a stable zone. Thus, generating some profit with that being said, some of the profit might or can be invested in altcoin for future usage and investments. Key points: check for the latest news, check price chart often, and hodl.

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October 06, 2017, 02:39:49 AM
 #326

Before I sell, I do glance at some of the news to check whether there are forks ahead. If it does affect pricing within the first few hours of it's implementation I would sell my BTC an convert in to fiat currency. Then if the pricing starts climbing again, I'll buy in some BTC and hodl until the pricing reach a stable zone. Thus, generating some profit with that being said, some of the profit might or can be invested in altcoin for future usage and investments. Key points: check for the latest news, check price chart often, and hodl.
That's a good way to keep track of the price moves and proceed the selling. I used to change only on emergency requirements, during which price will not be given consideration. If it's  a planned selling, then used to fix a price and on reaching the same used to sell.

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October 06, 2017, 04:04:56 AM
 #327

This may be the best way to manage bitcoin and to benefit from the need for a good plan, and of course planning and analysis is required in this trading or investment activity because to minimize the losses that will occur when conducting business.

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October 06, 2017, 09:56:50 PM
 #328

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 decide when to sell whenever the price is high, because who want to have a lower profits if you can have a higher one if you just keep it for a while. In this business you need to have a lot of patience because some coins worth nothing at first but after a month or a couple of months their value will rise back up and you can get even triple the price it was before. So you need to keep it first and do mot be so greedy when it becomes to money. The right time for the right price.

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October 06, 2017, 11:11:13 PM
 #329

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 decide when to sell whenever the price is high, because who want to have a lower profits if you can have a higher one if you just keep it for a while. In this business you need to have a lot of patience because some coins worth nothing at first but after a month or a couple of months their value will rise back up and you can get even triple the price it was before. So you need to keep it first and do mot be so greedy when it becomes to money. The right time for the right price.

Selling at higher price can be profitable at all time because you can eventually wait for the right time. Having patience can be so hard for those holding a volatile coin and yet so challenging when the price will surge at a certain price that will give you more earnings since from the beginning you been waiting for that good price to come.

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October 07, 2017, 11:00:01 AM
 #330

If i don't have time to sell coin, i just hold it, because every coin will pump again. No one can say how long i should hold my coin, because it vary from pump to pump. I use my personal inuition and knowledge.
With this little knowledge you have right now, I think it is quite authentic and valid. Every wise and smart trader will advise you to make a strong strategy of how you sell and buy. Especially for selling, either you use margin based or you are just holding without any daily tension. See the price charts carefully, do your homework, make plan and then sell accordingly.
It is quite an easy task for you if you have to decide about the buying and selling of your bitcoins. According to my personal experiences, selling a bitcoin is not at all a good option under any possible circumstance.

Yeah buying is quite beneficial and you should focus on it so that you can have an increment in the collection of your BTCs at the end of the day instead of losing them for pity things.

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October 08, 2017, 04:32:30 AM
 #331

I do not sit all day on the Internet and do not follow the price movement, I just look at how high the price of the coin is from the moment of purchase and decide whether it is profitable for me to sell it now.
Only those who are victims of day trading are bound to stay online all the time to sell of their coins at the best time of making maximum profit with their coins. Moreover it is not easy to read charts and decide accordingly the future of your coin. What I personally do is reading the history of coin before investing into it and sells off them when they are pumping.

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October 08, 2017, 06:32:43 AM
 #332

I did not set or have a limit on when to sell or buy.  Trading is a game of skills and your mind should be left to make such judgement. I personally allows the market to inform me when to sell my coins position and even when to activate an orders. I have been trying to use candlesticks pattern to determine when the trend has come to the end and when the new ones are starting.



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October 08, 2017, 09:27:06 AM
 #333


as for me. i will keep monitoring if the price gone higher then that's the time i will sell my coins but still depends on the situation. i'd rather keep my coins for emergency purposes in the future that way it is more valuable.



Indeed one should not hurry of selling the coins as long as they are scared of loosing the money and putting themselves through the emotional stress out. If you are good investor with vision to achieve more than enough money then for you there is no selling point unless you decide it. For example, my goal is to have my bitcoin sold at 10K USD then I will wait until the prices hike to that point or even closer to that one. Now for this to happen it will take time and for sure in between that timeline there are going to be bug dumps and pumps of which I should not be afraid of if I really want to achieve my set goals. That's how it works for long term investment. Who knows might get lucky next year only. Better hold.





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tittensor
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October 08, 2017, 09:55:58 AM
 #334

I do not sit all day on the Internet and do not follow the price movement, I just look at how high the price of the coin is from the moment of purchase and decide whether it is profitable for me to sell it now.
Only those who are victims of day trading are bound to stay online all the time to sell of their coins at the best time of making maximum profit with their coins. Moreover it is not easy to read charts and decide accordingly the future of your coin. What I personally do is reading the history of coin before investing into it and sells off them when they are pumping.
The history of the coin as you say is historically growth and development of the coin, right? Or it is only history chart price. Because I usually check history price to create my strategy, it will help me know the move of the whales use for the altcoin I want to invest.


     
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KroFly
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October 08, 2017, 01:24:48 PM
 #335

I just look when the price grows too high from the moment of purchase and decide to sell. I do not prefer to wait too long and do not sell too fast, it can be understood in practice.

Radoyan1188
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October 08, 2017, 02:41:41 PM
 #336

I don't know how I guess that this time best for sell. I follow 24 hour high and low. I try for buy low rate and sell order set 24 hour high rate. other I follow investor. how may order this coin and seller.

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October 08, 2017, 03:29:44 PM
 #337

It depends a lot, sometimes when i invest 0.10 btc in a trade, i set my stop profit when it reaches 0.11, so i make a fixed profit from almost all trades. And it depends, i made a trade of 1 btc a few months ago, and i put it to take profit at 1.10 btc. Obviously this rates were when the price was so much volatile, in July i guess, but now the market is much more quiet than before.


I dont think so as today also the market is fluctuating more then 100$ everyday it is just you have to set the price for buying and selling and get profit.
Of course, if you know to yourself that it rises up almost to your capital your going t0 sell it as well, but if the price value decrease or drop don't sell it of course, instead take the opportunity to buy some of it for additional profit while hold in a short or long term.

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October 08, 2017, 11:55:44 PM
 #338

It depends a lot, sometimes when i invest 0.10 btc in a trade, i set my stop profit when it reaches 0.11, so i make a fixed profit from almost all trades. And it depends, i made a trade of 1 btc a few months ago, and i put it to take profit at 1.10 btc. Obviously this rates were when the price was so much volatile, in July i guess, but now the market is much more quiet than before.


I dont think so as today also the market is fluctuating more then 100$ everyday it is just you have to set the price for buying and selling and get profit.
Of course, if you know to yourself that it rises up almost to your capital your going t0 sell it as well, but if the price value decrease or drop don't sell it of course, instead take the opportunity to buy some of it for additional profit while hold in a short or long term.
Everyone has simple thumb rule that buy low sell high and the answer lies in second part when prices are at peak and satisfying yourself then sell, those who sell at low meet high loss so don’t do like that wait for the desired value that is set in your mind and don’t sell all bitcoin you owe sell some of them so that if in future more price rises you can earn more.

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October 09, 2017, 12:01:28 AM
 #339

it is not an easy answer.
I decide to sell or buy under certain percentage.

You have to make your goal in trading,
at percentage that is enough for you?
That is the time to buy or sell
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October 09, 2017, 12:48:15 AM
 #340

I always sell my bitcoins when I am making enough profits from it as only holding is really boring for me so when I see higher price without waiting much I sell my coins and buy them back when price falls in future and I think that is the best way to make regular profits and I apply same principle even to altcoins as holding altcoins too long can be really risky.

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