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Author Topic: How do you decide when it's time to sell?  (Read 13425 times)
yndye
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August 28, 2017, 04:25:17 AM
 #81

I just set a target profit like 10% or higher which would depend also on the movement of the coin in the past and then when it reach my target price then I will sell. I will not regret even if I sold it and the price climb higher because a profit is still a profit even if how small it is. You cannot always sell at the top and buy at the bottom so better have a plan of target profit for you to have profit. You cannot be online always and what if the coin is pump and it reach your target price but you are not online so you were not able to sell it so that is an opportunity loss so better have a target price in advance and set an order may it be a limit or conditional.

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August 28, 2017, 06:38:08 AM
 #82

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 strategy I use is I buy an altcoin and put a price on the buy wall as well as when I sell the coins I have I choose to sell them under a sell wall. or I sell my coins with a profit of about 10-25%.

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August 28, 2017, 07:14:14 AM
 #83

I think this is were you should try to develop your skills because you must understand were to buy your coins and when to sell the coin, your skill in managing this two foregoing is what will determine your trading success. I do sell my coins when a pin bar appear in my candlestick chart for any position I have entered be it positive or negative. We should invest with the right mind and we would succeed in what ever we do.

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August 28, 2017, 07:18:18 AM
 #84

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 strategy I use is I buy an altcoin and put a price on the buy wall as well as when I sell the coins I have I choose to sell them under a sell wall. or I sell my coins with a profit of about 10-25%.
It's a very good coin selling strategy, selling at 10 -25% profit is a very rational advantage and the profit that can be good. Especially if the price of a coin can double from the price

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August 28, 2017, 07:39:45 AM
 #85

I always keep a sheet with planned selling points when I purchase new coins. I stick to it as long as there is no new remarkable news. In case of news I sometimes adjust the selling point.
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August 28, 2017, 07:48:13 AM
 #86

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 strategy I use is I buy an altcoin and put a price on the buy wall as well as when I sell the coins I have I choose to sell them under a sell wall. or I sell my coins with a profit of about 10-25%.
It's a very good coin selling strategy, selling at 10 -25% profit is a very rational advantage and the profit that can be good. Especially if the price of a coin can double from the price
Αs I don't have a lot to invest, 10% profit will never make a difference for me. I buy a coin that I want to trade and set a price which is nearly twice as big. This doesn't work always but in general it is possible. However, I guess the biggest wins of mine are still related to long-term investments (sold eth for $300 and still hold ltc bought for $20). It is great that exchangers offer us to set any price we feel like setting and we can just the the order under 'good till cancelled' conditions.


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August 28, 2017, 07:50:33 AM
 #87

ITs time to sell when you need money Smiley
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.

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iyan33
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August 28, 2017, 09:10:47 AM
 #88

Right now I have not thought about selling some of the coins I have,
maybe later if I have a really urgent need I will sell some of the coins.
because in my opinion there is still a chance for the possibility of increasing the price towards the end of this year.

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August 28, 2017, 09:44:14 AM
 #89

Theres a calculation you will do and the background of the tokens, so something like this if the token just signed a new partnership of course it is gonna be bigger.
(always know that it is still risky).

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August 28, 2017, 10:36:32 AM
 #90

Right now I have not thought about selling some of the coins I have,
maybe later if I have a really urgent need I will sell some of the coins.
because in my opinion there is still a chance for the possibility of increasing the price towards the end of this year.
We do not need wait until the end of this year for sell our coins. If my predict is right, next month is the time mega bullish trend comeback on altcoin market like from March to May earlier this year.

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August 28, 2017, 10:42:57 AM
 #91

Right now I have not thought about selling some of the coins I have,
maybe later if I have a really urgent need I will sell some of the coins.
because in my opinion there is still a chance for the possibility of increasing the price towards the end of this year.
Hodling is good and we should really sell our coins if it did reach above ICO price because most likely those holders of those coins would really sell off on those price point and then buyback again when the price is cheap again. Deciding on when to sell is quiet hard since we would really like for the price to increase even more later on to make more profits but there are instances on which we do really need money and we would really need to withdraw those earnings.

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August 28, 2017, 10:57:53 AM
 #92

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?
It is really hard to decide whether to sell our coins or hold it. I agree to you that the right time to sell our coins is when the price climbs above our target. It means we will sell if the price is now high.

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August 28, 2017, 11:49:42 AM
 #93

I always fix a target of 10%-20% a profit margin and as soon as the coin's price reaches the target price,then i sell immediately completing the trade.I don't blindly follow the market thinking that sky is the limit for my profits.By setting this profit margin,we could sell and buy once again.We could do this many time and earn more.But as far as bitcoin is considered,i prefer to hold it in a long term basis instead of selling it for smaller profits.

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August 28, 2017, 12:16:42 PM
 #94

ITs time to sell when you need money Smiley
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.

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August 28, 2017, 12:42:49 PM
 #95

When I see that I have enough profit from the price increase, I can sell some of the coins, and the other part still leave for a while to get even more profits.

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August 28, 2017, 12:55:28 PM
 #96

ITs time to sell when you need money Smiley
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.

Though it is a big loss and you cant come back after you loss its okay because you use your money in important things like that home project. Time to think, holding you coins or waiting for the right price of your coin is best but if there is important matter to buy then you should go for your self because that is important and in trading you can get back your loss in a period of time.

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August 28, 2017, 01:43:15 PM
 #97

ITs time to sell when you need money Smiley
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.

Yes right. If you want more profit means ,saving is the best option. Just make a note of price of bitcoin every time you use to sell.If the current price of bitcoin is 50 % greater than a the price you sell past or at last.You may consider as selling time.But if you not satisfied with that price means.Hold till the satisfied price reach.

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August 28, 2017, 01:53:28 PM
 #98

When I see that I have enough profit from the price increase, I can sell some of the coins, and the other part still leave for a while to get even more profits.
Sell some coin and try to invest in the next bottom, But remember to sell your coin in the pump and never sell your coin at the stable chart the result will be in loss on its value caused by the stable chart will be remain to the pump in the next time as far as i know that really important.

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ceremonita
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August 28, 2017, 01:59:26 PM
 #99

ITs time to sell when you need money Smiley
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.
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August 28, 2017, 09:09:33 PM
 #100

I always fix a target of 10%-20% a profit margin and as soon as the coin's price reaches the target price,then i sell immediately completing the trade.I don't blindly follow the market thinking that sky is the limit for my profits.By setting this profit margin,we could sell and buy once again.We could do this many time and earn more.But as far as bitcoin is considered,i prefer to hold it in a long term basis instead of selling it for smaller profits.
Better approach it is. By setting up a fixed percentage of profit you can get better and regular profit. Whenever the price is high and your profit margin is achieved, just sell the bitcoin and get instant cash. Then wait for a low dip, buy it again at low price. This is very wisely approach if you are doing it well.

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