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Author Topic: How to know when to sell?  (Read 3742 times)
Aura
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November 14, 2017, 11:18:56 AM
 #21

Know the latest news about the coin you want to trade.
Most pumps and dumps are caused by events that are either positive or negative for the coin.
Examples of events that cause changes in price: Exchange shutting down, countries banning ICO, meeting announcements.
Then you need to predict what effect it will have on the price.

I guess I'll have try out this information based prediction to sell if it will work.
Thanks for your time sir.
You're welcome.
I have been using it for years and noticed all big fictionalizations are based on events impacting the coin.
Good luck with trading!
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November 14, 2017, 11:26:46 AM
 #22

If you are holding a coin, and waiting it of what os the performance of the coin, try to do the go with the flow program that uses of anybody. If there are many people selling, go with it.and if there are so many buying, just hold

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November 14, 2017, 11:28:03 AM
 #23

If you are talking about the cryptocurrency market then it is hard to predict the market so you cannot accurately know when to sell and when to hold. This is not like the stock market that some traders based on candle sticks or should i say technical analysis. Bitcoin is different it is very volatile, more volatile than the stock market. What i mean by this is that you cannot just simply rely on the news, if there  is going to be bad news then price will fall just like in the stocks. What i can suggest is to just put a target price, say if bitcoin falls to X amount you will be buying and if it gets to this amount you will be selling otherwise you will just hold. You'll be making more profit by doing that. Patience gets rewarded my friend.

Patience is actually my problem. I'm too patient when it comes to holding.
It's like am actually hoarding the coin 😑.
I guess I'll have to try out your target price tactics and see if it works for me.
Thanks for your time sir.

It's not bad to hold, to hoard on your coins. Coz basically the concept is you buy low, hold onto it for some time until you feel you profited a bit then sell. Profit comes on how you play. you may experience losses sometimes but its natural, bitcoin is too volatile. I've experienced losses too.

Ok sir...  I'll take the advice to heart.
I guess losses are inevitable whether i'm patient or not.
Thanks for this
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November 14, 2017, 12:03:24 PM
 #24

If you are holding a coin, and waiting it of what os the performance of the coin, try to do the go with the flow program that uses of anybody. If there are many people selling, go with it.and if there are so many buying, just hold

That's a nice and precise idea sir...
I'll  definitely try it out.
I hope i can get the hang of it though.
Thanks.
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November 14, 2017, 02:32:27 PM
 #25

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
YOu can try to sell your coin if you are thinking about your coin already reached the peak. it seems to be a very best decision because the correction just like a rule in the crypto and that will be happening.
after you are buy back again at the bottom price and you can try to hold it for long term.

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November 14, 2017, 02:38:06 PM
 #26

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
The answer is relatively simple: (almost) noone really knows how far it'll go.
My strategy is a simple "buy low, sell high" one: I don't "fomo in" when things rise; I consider them a missed opportunity. Instead, I look for markets which seem to have bottomed out, or active markets which currently have a local low, but with the chart showing enough activity to make it more or less safe to assume it'll go up again.

When markets go up, I take some profits as soon as it makes sense to me. Most of the time, I'm waiting for sort of exponential rises, meaning when the candles go up larget and larger, and everybody seems to be in a buying frenzy. That's when you should sell.
Also keep in mind that noone forces you to close your whole position. When profits are good, you can just close a bit and let the rest ride, increase position again on the next local low.

That's how you make money.

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November 14, 2017, 03:58:52 PM
 #27

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
Its depend on your self,How much money you want to profit?.When any coin supply increased thats means its price must be pump .But first you deside to to sell rate and how much profit for this.I think you get your answer. Smiley Smiley
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November 15, 2017, 07:31:25 AM
 #28

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

Basic of knowing when to sell is when the coin you are holding increased up to 20% for just a short amount of time. And it's time to hold when that coin of yours is dropping. Don't panic when the coin you hold is dropping and just stay away from the charts and don't ever check the price of that coin. Do read all the time updates on different news cryptocurrency websites on what's happening in the market because it plays a big factor to the crypto market.

I like this your tactics of 20% increase then sell i guess it's a nice tactics to try out.
But what i can't afford to do is to not check charts and updates when the coin is dropping.
I'm like a dog with a bone when it comes to checking charts and updates about my portfolio.
But i think I'll give it a try and see what comes of it.
Thanks for this simple advice.

It's nice if you do have a big sum of capital that was invested to that coin or with bitcoin. You shouldn't really check the price of bitcoin and the charts when the price is dropping. That will only make you do panic selling and it's not a very advisable thing from time to time you'll going to check it. There are some other tactics that you can do, 10% is already a good gain if you think you can't avail to see the gain up to 20%.
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November 15, 2017, 07:45:35 AM
 #29

You should trying to develop your skills and knowledge on how candlesticks formation work. Most times candlesticks formations revealed everything you need to know about price of an assets.  I do sold my coins when the price is making a sign of dumping and I used pin bars to Identify this. Hope this helps you.
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November 15, 2017, 07:59:57 AM
 #30

No one can predict that how much the bitcoin will rise it is based on the demand at that particular time,but i can tell you something you can set a goal price to your bitcoin when the value of bitcoin reached that price you can sell it.I am also having that same idea i set $ 100K as my goal price i will sell all my bitcoins when it reaches the $ 100K and i will use that money for my future needs.

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November 15, 2017, 08:36:42 AM
 #31

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
In my opinion i want say that nobody should have a initial day for selling their holding coin or token, because market are always dancing between dump and pump. so we should decide a time for selling any coin when the coin will make a pump. When pump then sold as soon as possible.

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November 15, 2017, 09:02:26 AM
 #32

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

I would say for coins that have been growing slowly and steadily - often experiencing dumps but then picking up the pace again - best example being bitcoin itself - you should hold them for long term. These coins will grow big in future and give you load of profits. Sell them when you feel right, but sell in small fractions and not all at a time.

For ICO altcoins that seem to get pumped every now and then, exit them ASAP on the next pump. For other altcoins like Ethereum, Ripple, DASH, Monero I would suggest middle to long term holding and then selling.


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November 15, 2017, 09:02:41 AM
 #33

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
If you are a long term trader, then you should hold and forget about your investment as long as you are intending to hold.
Alternatively, if you are looking to make profits periodically, you should watch the market constantly so that you will know when it is 10-20% increase.
You can bookmark Preev.com for market updates.

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usekevin
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November 15, 2017, 09:49:00 AM
 #34

You should trying to develop your skills and knowledge on how candlesticks formation work. Most times candlesticks formations revealed everything you need to know about price of an assets.  I do sold my coins when the price is making a sign of dumping and I used pin bars to Identify this. Hope this helps you.


But if you are in this forum for long means,you will come to know when to buy and when to sell.All the status will be updated in this forum itself.Since the forum is nearing the price of 7500$.So you can sell at any price if the price is ok for you.But you have to consider the price you brought.


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Bitcoincole
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November 15, 2017, 10:28:06 AM
 #35

You should trying to develop your skills and knowledge on how candlesticks formation work. Most times candlesticks formations revealed everything you need to know about price of an assets.  I do sold my coins when the price is making a sign of dumping and I used pin bars to Identify this. Hope this helps you.


But if you are in this forum for long means,you will come to know when to buy and when to sell.All the status will be updated in this forum itself.Since the forum is nearing the price of 7500$.So you can sell at any price if the price is ok for you.But you have to consider the price you brought.




Knowing when to sell? Is probably when your coin increases up to 20% for just a short amount of time. At this moment everyday you have to be updated on the graph having your coin is in the right amount to sell or hold if the price is dropping.

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November 15, 2017, 10:46:40 AM
 #36

You should trying to develop your skills and knowledge on how candlesticks formation work. Most times candlesticks formations revealed everything you need to know about price of an assets.  I do sold my coins when the price is making a sign of dumping and I used pin bars to Identify this. Hope this helps you.


But if you are in this forum for long means,you will come to know when to buy and when to sell.All the status will be updated in this forum itself.Since the forum is nearing the price of 7500$.So you can sell at any price if the price is ok for you.But you have to consider the price you brought.




Knowing when to sell? Is probably when your coin increases up to 20% for just a short amount of time. At this moment everyday you have to be updated on the graph having your coin is in the right amount to sell or hold if the price is dropping.



For me, when to sell depends on the need of the owner. Even if you want it to sell when the price is high but you have financial needs at home then you will be forced to sell it in whatever price the buyer could offer. However, given the chance to hold it for longer times, I would prefer to sell it when the price ia high and at least I will gain 50% profit.

royromales
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November 15, 2017, 11:17:16 AM
 #37

How do sell because I don't know I'm just a newbie so I want to know how to sell
Psynthax
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November 15, 2017, 11:35:59 AM
 #38

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.
In my opinion i want say that nobody should have a initial day for selling their holding coin or token, because market are always dancing between dump and pump. so we should decide a time for selling any coin when the coin will make a pump. When pump then sold as soon as possible.
Remember there is a period of the crypto gets a correction to catch the real value of its period. I know the crypto pegged on the demand and supply. But for another reason, the pump just reflected the hype for short term. I will not believe there will be a long-term hype.

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November 15, 2017, 11:55:28 AM
 #39

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

I will be completely honest here. If you don't know how to do that, there is only one option for you. Buy bitcoin and don't sell it, unless you really need to, in order to buy stuff you need. Bitcoin is on the path of becoming virtual gold, so right now it's a store of value asset, and it's price will continue to rise. Yes it's volatile, and if you know what you are doing you could have a great profit from buying and selling. But that is hard to do, so you will probably mess things up, and lose money. If you look at it's price form the very beginning, you would see that it has been rising in the long run. So if you can't daily trade, and most people can't, don't worry. Just buy and hold, and you can't really get wrong with that approach.

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November 16, 2017, 06:30:39 PM
 #40

actually it's easy if you know the details about the price of the coin, you can predict from the details when he will go down and when he will go up so you can reduce the risk.
as the word warren buffen risks come when you do not know what you are doing.

Well i actually try and keep up with updates and latest informations of both the coins i possess and the one's i don't.
But my major problem is using that information in knowing when to sell and when to hold.
Coz my major problem is holding even when the details are telling me to sell off.
I guess I'll have to start acting on informations like you said maybe that might help. Thanks
If you are sure of what to do, do not ever fight your decisions. I am not sure if you have a very good knowledge about trading, but I want to assume you do. Try to always make use of stop losses. Know when to get out when a trade is going wrong by knowing the % you can actually really let go and make different moves.

All the above, you should always try to make use of the resistance and support lines for most markets. Take your time to study the chart, know what you want to expect from that chart and find the best point of entry most times below the support and set a sell order a little below the previous resistance. Lastly, do not ever be greedy when trading.


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