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

[IamHigh]

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.

[1714128385]

1714128385

[aussie_striker]

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.

That is the basic rule in trading that sell it at a right time when you are making good profits from it as holding longer can eat away your profits if price drops in near future so instead of getting too greedy its good to sell them at satisfactory profits and if there is downfall in the price in future then you can buy them back at cheaper price.

[CyberKuro]

Whenever those coins soaring is the right time to sell, but depend on what kind of coin that we want to sell, bitcoin, ethereum, monero, and tons of new coins will be different. There is certain point to be set according to your prediction, as long as you've made profits, then it's fine. Don't be too greedy.

[BUK2016]

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 all depends on the percentage of profit margin you want make from your trading. After placing the trade, set your take profit order base on the set target profit and stop lose.  This is because in trading there are two involved is either you make profit or lost at the end of your trade.

[ubeng07]

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.

[doomloop]

I just sell when I see the volume is dropping or when the price is good for me and I make profit! But general strategy is to sell portions  of your coins when there is a pump!

Yes selling in parts is better than selling all at once. I have heard this kind of thing for the very first time. but if someone holds and wants to sell them all together than I can tell you how to judge. When value increases, and reaches its highest point for that time then it doesn’t fall directly it falls slowly. So when you see that the price has stated falling then sell them all. I also do the same thing.

[Mister1k]

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.

With the expected high price we can sell out the bitcoin as much you can but recent days I wait for the fees to get reduce it smaller amount to transfer the amount to the exchange site wallet to sell it out bulky when the price is moves up. Buy it when the price is low.

[crairezx20]

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.

With the expected high price we can sell out the bitcoin as much you can but recent days I wait for the fees to get reduce it smaller amount to transfer the amount to the exchange site wallet to sell it out bulky when the price is moves up. Buy it when the price is low.

There is other way to reduce the fees if your wallet is segwit supported then you can use the segwit when sending so that your transaction fee is reduced by 35% and i think the price of bitcoin these are really stay at level $4,300 and i think it is hard to decide to sell bitcoin because anytime the price can be burst increase or the price can be down..

[Dudeperfect]

I usually go with high leverage so even in the lowest price rise, I get handsome profit so that is not an issue for me. It doesn't matter if I am earning micro profit or even not earning any profit at all because I go with defensive strategy while trading and even not losing any Satoshi is also a kind of profit thus I bear maximum up to 30% to 40% loss (which is normal if you are on high leverage) and most of the times, I sell my holdings at 10% to 25% levels using diversified selling method. There is no right time to sell, you just earn the profit at various levels using cost averaging method.

[raven7886]

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

But I think it depends on everyone how they are making that all up. Still this should be the minimum of selling profit as said but the keen analysis of the market and rising and falling of the price chart will give you and open picture of estimated next move. Risk are there but you are a trader so you must have to be easy with that thing.

[Duzter]

While selling all the factors that need to be considered finally depend on a single factor, which is the necessity of selling. If that's an immediate requirement and no more compromise or an postpone in the plan it's good to sell unlike the price. Else one could fix certain target price to be reached and need to sell at that price point.

[Bestwishes745]

I just sell when I see the volume is dropping or when the price is good for me and I make profit! But general strategy is to sell portions  of your coins when there is a pump!

Looking at the price of bitcoin, when it comes a bit down, selling the coins. This is also a good strategy to be considered if someone wants to earn and remain on the safe side. But I think, selling immediately after seeing the little downfall is not a very good option if we talk about a long term investment. Because this happens a lot. The fluctuations in the prices occur. But it is about being patient.

[strunberg]

I just sell when I see the volume is dropping or when the price is good for me and I make profit! But general strategy is to sell portions  of your coins when there is a pump!

Looking at the price of bitcoin, when it comes a bit down, selling the coins. This is also a good strategy to be considered if someone wants to earn and remain on the safe side. But I think, selling immediately after seeing the little downfall is not a very good option if we talk about a long term investment. Because this happens a lot. The fluctuations in the prices occur. But it is about being patient.

Yeah price fluctuations is common practice in bitcoins and we should not put more focus on it if bitcoin is an long term investment for me but if you are trader and believe in making short term profits by taking advantage of price fluctuations then you can buy and sell regularly to make instant profits.

[crazycatwoman03]

While selling all the factors that need to be considered finally depend on a single factor, which is the necessity of selling. If that's an immediate requirement and no more compromise or an postpone in the plan it's good to sell unlike the price. Else one could fix certain target price to be reached and need to sell at that price point.

I agree with that,  a friend told me that sometimes it would take months before finding a good time to sell coins. So what I usually do with my coins is setting an order to my target price, in this way I would not have to monitor the market price. Monitoring the market price is very stressful and if someone is not really careful enough, it is true that a sudden decrease in the price can cause you to sell and lose the opportunity to gain high profit.

[HatakeKakashi]

If I see that the coin that I have and it will increase the price first i will check the buy orders so I can know if many buyer want to buythat coin if you see more maybe the coin you bhave it will increase more so you can hold it again. But its up to you if you want to sell it or not. Because if you choose selling is also good because you make profit is good. Holding coij again is also good because you can make more profit.

[bitbob82]

I don't blindly follow market price without any plans and i don't wait without selling thinking that sky is the limit for my profits.I set a profit margin of almost 10% or 20% and as soon my invested coin reaches that price target,then i just sell my coins and complete the trade.Some don't set such profit limits and they simply follow the price rise thinking that it would continue to rise and suddenly when it gets dumped,then they suffer a huge loss by selling their coins at much lower price than their bought price.

i think that is depending on the interest of the people, people are in fact interested in bitcoin therefore they are mostly like to continue holding their bitcoins. in fact there are a lot of expert people who have good study about bitcoin, they know about bitcoin very much and in fact they have the ability to take a right decision in right time, so we need to keep aware from the analysis of such people if we want to take a right decision either to continue keeping our bitcoin or to sell it.

[Youghoor]

Yeah it is always gonna depend on the altcoin you are trading.. Last week i made a trade of siacoin, i just bought at 160 sat each and i took profit at 165 sat each. The order was of 0.10 btc and the beggining, and when i sold i took a total profit of 0.003 in just a few hours.
I prefer to take a small profit from every order, than being speculating for days if the price is gonna be up or not.
But obviously holding is more profitable.

[Sled]

Yeah it is always gonna depend on the altcoin you are trading.. Last week i made a trade of siacoin, i just bought at 160 sat each and i took profit at 165 sat each. The order was of 0.10 btc and the beggining, and when i sold i took a total profit of 0.003 in just a few hours.
I prefer to take a small profit from every order, than being speculating for days if the price is gonna be up or not.
But obviously holding is more profitable.

Based on the price rate of bitcoin that 0.003 is not a small profit anymore because it is already a few bucks. It is better to just do with that strategy to buy altcoin and made a few profits slowly rather than going for a big profit which is risky right now because most of the altcoins are manipulated by the big players who are enjoying this situation because bitcoin is already on the top.

[Cryptomover]

You can determine overbought levels by looking at technical indicators. Even if you don't know those charts, you can still look for news which supports the price rally. If there isn't any important news, you better sell ASAP

[btcjocan]

Yeah it is always gonna depend on the altcoin you are trading.. Last week i made a trade of siacoin, i just bought at 160 sat each and i took profit at 165 sat each. The order was of 0.10 btc and the beggining, and when i sold i took a total profit of 0.003 in just a few hours.
I prefer to take a small profit from every order, than being speculating for days if the price is gonna be up or not.
But obviously holding is more profitable.

Based on the price rate of bitcoin that 0.003 is not a small profit anymore because it is already a few bucks. It is better to just do with that strategy to buy altcoin and made a few profits slowly rather than going for a big profit which is risky right now because most of the altcoins are manipulated by the big players who are enjoying this situation because bitcoin is already on the top.

Those big players will not go beyond further of their tricks as you show best trading strategy and for now you should be more wiser if you wanted to sell you holdings into a good price, you should wait for the exact price to rise even better. Never sold at low price, because it may waste your effort of holding for so very long; enough patience and determinations must be observed prior deciding to do that.