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

[EuSouBitcoin]

Reasons to sell your crypto:
1) you need fiat to pay bills
2) you believe another investment or crypto has more upside potential (e.g. selling BTC to buy XMR because you think XMR will go up more in value than BTC)
3) the reason you originally bought the crypto no longer applies (e.g. you bought DASH thinking it had strong privacy but after looking into it from a technical standpoint you realize that is not the case)
4) your crypto has gone up so much that you can reasonably expect to live the rest of your life in a good lifestyle. How much fiat you need would depend on you, your age and how much you expect to spend each year.

Another way to say it is sell when the reason you bought no longer applies. Now, many people buy without a good reason and therefore they don't know when to sell. Many traders do not have a complete trading system. If you can a 37-page PDF titled "The Original Turtle Trading Rules" "Original Turtles, fighting the scams, frauds and charlatans" read it. Not for the specifics of the trading system but the framework. The 6 components of a complete trading system include:
1) markets - what to buy or sell
2) position sizing - how much to buy or sell
3) entries - when to buy or sell
4) stops - when to get out of a losing position
5) exits - when to get out of a winning position
6) tactics - how to buy or sell

Make your own system that you like that matches your style of trading. Make sure it includes all 6 components.
Experience is the best teacher.

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[1713582092]

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[iv4n]

I have simple system, I buy in dips when prices are going down for days, and I simply wait my profit after that. I check prices every day couple times, and I'm waiting rise and everything above 50% profit is good. I don't wait for double, triple profit that I used to do in the beginning and I didn't have results with waiting higher profit.
Before you enter in trade you need to know how much you can profit from that, and in how many days. I'm a member of couple telegram groups and by following them I noticed that all of them have good entry positions, and they are getting out after 20% sometimes, they sell and they wait good entry point again. You should learn from them like I did, settle with low profit is better then lose a part of your investment.

[CarnagexD]

it depend on the situations itself if the market uptrend still unstoppable i think i would wait a little longer to sell but normally 20-30% profit from my basic capital is enough for me and if the market situations downtrend and dropped gradually maybe cutting my losses will be my actions but there is no certain losses and certain profit in trading

The primary indicator that may be the fact to of our decision to sell is the price of Bitcoin in the market. Because it is the one that cod give us profit and the number one factor for is to earn. In a part of trading we should always think that buying and selling Bitcoin as part of principle of buying low and selling when it is high to have profit in every decision we make.

[batang_bitcoin]

Hold alway better than trade... just leave some money and wait dont care about it... when we see your coin u invest on the news... that the time to sell

Holding and trading are good we don't have to compare these two things. You really don't understand how holding and selling works, it's not all about leaving some money and you don't care with that. It's an investment so you have to put a certain period of time on how long you are going to hold. When the price reaches 100-500% sell.

[Vikingr]

I guess it depends on yourself, experience it from monitoring market
First step i try it with small deposit and do some research, of course you always need to read from forum what to do.
And you can learn from it.
But you need to be carefull,not to drag too far. Because i regret it now that im too ambitious. And i need to start from zero again.
So good luck,and don't stop reading and learning something

Yes you can say that it depends on your personal experience. But for that you need to have a good knowledge of what’s going on around. You first need to know how the market behavior is changing. Also you need to see the graph. Only then, you can decide what to do.

[taktik]

Hold alway better than trade... just leave some money and wait dont care about it... when we see your coin u invest on the news... that the time to sell

Holding and trading are good we don't have to compare these two things. You really don't understand how holding and selling works, it's not all about leaving some money and you don't care with that. It's an investment so you have to put a certain period of time on how long you are going to hold. When the price reaches 100-500% sell.

I see that today many already give such an excitement that the price for Bitcoin grow by 500% on average. This of course will be a very huge profit for most Bitcoin users. But we still do not know what to expect from another squirrel in November. How this will affect the pricing of Bitcoin. I think that we will do without mental trauma and a fall in prices.

[GrayFullbuster]

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 to sell my coins if the price is now above the limit. I have blockfolio in my cellphone and I can easily to observe the progress of the different coins. You can know the right time if you always observe the progress of your coins.

[Sled]

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 to sell my coins if the price is now above the limit. I have blockfolio in my cellphone and I can easily to observe the progress of the different coins. You can know the right time if you always observe the progress of your coins.

That is the best application that i used so far; blockfolio it monitors all my coin holdings in real time and i always do the same thing like you, i sell my coins if the price is above of my limit or target price because it is best to have a target price rather than waiting for the price to go up and the other higher price than my target price is just a bonus for me.

[cluit]

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.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

[Armstand]

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.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

Setting the ranges of selling point is good strategy. I dont usually look on exchanges everyday ,sometimes twice or thrice only. When I said that this lt when reached such a mount maybe like x5 of it's value when I have,I can sell it already.

[mast3rm1nd]

set a fixed margin and never look back.

[albertvert]

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.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

Setting the ranges of selling point is good strategy. I dont usually look on exchanges everyday ,sometimes twice or thrice only. When I said that this lt when reached such a mount maybe like x5 of it's value when I have,I can sell it already.

Ya you are in the right part.Fixing the selling rate and waiting to reach that value is the best one.If you satisfied with the less profit means you can sell at the fluctuations. If you want more profit as compared to that means .Just sell your coin at the fixed and focused rate.

[Sled]

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.

Yes, the crypto market is very much unstable and we are not always successful in making our desired profits. You should have at least 2 price choices at which you can sell off you coins. Sell off your coins at your targeted price. I am never disappointed with bitcoins since they always dump hard.

Setting the ranges of selling point is good strategy. I dont usually look on exchanges everyday ,sometimes twice or thrice only. When I said that this lt when reached such a mount maybe like x5 of it's value when I have,I can sell it already.

That is the key and right discipline for us to sell on a right time because we have a range of selling point and that will become the right time for us to sell so even the price will go up higher than your selling point then it is still a good decision to sell at your selling point because it is a less risk decision but it gives you profit which is what you need in trading or investing.

[stepwilli]

set a fixed margin and never look back.

Yes, this is something very much appreciated. If you have set you profit margin in earlier stages, then you won’t find any difficulty in deciding whether to sell or not. But, for a long term benefits, you need to keep your expectations very much high, only then you’ll be able to earn more.

[devrawal93]

There are only two times when you need to sell your Bitcoin.

One is the time when market indicates us to sell the positions and other time is when we need some money by selling our bitcoins.
If you trading Bitcoins, then try to book profits at a specific level or percentage of returns based on your trading capital. And if you are investing then go for First option i:e wait for the market to show us indication of weakness in Bitcoin prices and that time we need sell the positions by booking some profits, otherwise no need to sell and run your trend.  I always look to ride the trend as i love trend trading scripts.

I decide selling my positions in Bitcoin through Exit strategies which includes Technical indicators like Rsi,Volume,Bollinger Bands and candlesticks.

[Hamphser]

set a fixed margin and never look back.

Yes, this is something very much appreciated. If you have set you profit margin in earlier stages, then you won’t find any difficulty in deciding whether to sell or not. But, for a long term benefits, you need to keep your expectations very much high, only then you’ll be able to earn more.

Short term and long term trades do really differ. If you do target for long term then setting out profit margin isnt really needed at all but if you do active trades then i would really set it up according to your knowledge. If you do believe that price would go on that spot then its easy to set it out and wait for it to hit but sometimes this kind of trading isnt really necessary specially for active traders.

[Mikehills101]

This is truly helpful for me. Back reading from page 1 until 7, you guys have incredible ideas. Thank you

[giga_999]

selling and holding investment its depends on various factors:
 
if the price goes up just sell it in the moment very moment when you sense it, it is difficult to make a decision rationally, only thing is to combine your knowledge, information, and the sense.

if the price is low just hold it. 

[Sled]

This is truly helpful for me. Back reading from page 1 until 7, you guys have incredible ideas. Thank you

You're welcome. Just keep reading and always apply to yourself what you read here in this topic and you cannot just learn here in this topic but also for the other topics and section also. Keep exploring this forum and even you are just a newbie, you can surpass the other older users of bitcoin if you will continue reading and studying things.

[neowne]

If you dont need fiat at the time, you should hodl your coins!