When do you know its time to sell your altcoins?

[COLT601]

Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss. 

I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%.  Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.

Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.

[1714652904]

1714652904

[tosmartak]

First rule of the game, don’t be too greedy. Second rule of the game, don't be too much in a haste to sell if you know what you are doing. If a crash is imminent, and you can read the charts, then you do not have to sell now and watch closely for that moment in case the bull run continues, otherwise, you have made some good profit now, so you are still good even if you sell and it keeps running still. If you trust the project, and you want to hold for the long run anyway, why bother? If your plan was not to hold for long, and you do not have any selling strategy, you can sell now. It is going to be a long run for IOTA, but no one knows how long it would keep running before a correction happens.

[tarpa07]

It is very easy to know when i'm sell my altcoin . if i'm buy $2 par coin and when it is reach $3 i'm sell on that time.

[urosan]

Rule that i stick with is:

Set a goal.

for instance:
i'll sell at 10%+, 20%+, 100$+ etc..
and
i'll also sell at -10%,-20%,-100$ etc..

don't hold on if it goes down. Just sell and move forward. In this game there is no place for emotions. Make a rules/goals and stick with them.

Well, at least this is how i do.

[13abyknight]

This is a common situation where every crypto trader gets stuck at, at least once. Being new to trading, you've made a considerably decent amount of profit and you should probably sell your alts when they are still at their peeks. Set upper limits for tokens and when they hit them, sell as soon as you can knowing that it won't go up any further.
Of course it would be hard to digest if a token went up after you sold it but you should still be happy that you ended up with profit when there were possibilities of crashes too.

[bcnaranjo]

When I buy it at a low price and it raises to 500%, I think I will sell it.

[uobaaagrf]

Indeed it is.
Most people, including me, can not get the best time to sell altcoin. Many people are also regretting why after the sale of an altcoin, the price of the altcoin has been rising, regret.
This is a world class problem.
The recent IOTA, up 25,000 times.

[cryptopussies]

I knew when to go out in a trade if the technical indicators tell me that there will be a reversal of trend to secure my profits.

[marseille]

I sell it as soon as I see that I have made 20 to 25% of profits on my investment instead of holding it too long as holding altcoins longer can be really risky and it can take away my profits if price dumps later on.

[sabrikks]

don't be too greedy that's the first rule.
if i where you i'll sell some of them to take the profit and keep the rest to profit if the coin continue to rise

[~Bitcoin~]

Don't limit your monthly profit, try to make early exit during pumps and don't keep waiting to buy cheaper coins, buy them during correction.

If you will buy any coins at current pumped price you might loss heavy amount so its better to wait for some dip. Every coins are pumping right now so this is not a good point to make an entry.

[bergenic]

No matter how you analyse it, all coins surprise all investors all the time  If you sell today and it goes up 50% tomorrow - that happens to everyone. To me there're basically three ways to do this:

1) Never sell. You just hodl it like people buy stocks for their retirement fund.
2) You set a target when you buy the coin and stick to it. Once the target is reached you sell your coins and then sleep over it one night and make a new plan.
3) Cash out some of the profits like using a cheese slicer. Sell 5% or 10% and leave the rest for one week. If it goes up again sell 5% or 10% and leave it again.

I'm doing the option [3] myself. I own some IOTA bought back a month ago so I sold 10% of it yesterday and bought new coin I didn't have. If it goes up to like 7-8 I probably sell 5-10% again and invest them into a new coin. This way you get to save or re-invest some of the profits, so if it crashes to hell in one week you didn't lose all. But on the other hand if IOTA is 100$ next year you'll end up making a lot of money anyway.

[dirgayeah]

For me you must sell it if your coin reach 300 % profit. And you must to know when the pump condtion. Don't do a panic sell.

[Huskarls]

don't be too greedy that's the first rule.
if i where you i'll sell some of them to take the profit and keep the rest to profit if the coin continue to rise

Yes, this rule is very vital.

If you dont want back into the abyss, never be greedy
For me the best time to buy is waiting for btc price getting higher, in that moment we know most of alts go in to the dip (best time to buy)
After that, you can wait for 2-3 days or just wait for btc price stable, that was best time to sell

[askmecrypto]

There is no specific point of buying or selling alts.
What I do > After doing much research once I decide an Alt and if I trust it, I will keep buying a portion in 10 -20 -10 -20-40 on every dip.
I always book profits in the similar pattern.
This makes sure that you are out of your investment and the final sell out will give you profits.

This does not apply for my long term goals which I lock for years.

[talkbitcoin]

the "formula" that i usually use is mostly looking for at least 20-30% profit whenever i invest in an altcoin. but that is not set in stone and it changes quite a bit.
for coins that are hot and are getting pumped pretty hard, i aim for a higher percentage and for those that are not so hot and have little potential of pump i aim much lower. it is of course depending on the market and the situation too. sometimes coins can get pumped real hard but other times they may have harder time even having a small rise.

[Cnut237]

Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss. 

I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%.  Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.

Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.

I think it's very difficult to predict, and every situation is different. One good option is to set your exit point as soon as you go in, and then stick to it. But the whole thing is difficult. IOTA has been skyrocketing for quite a while now, but I haven't bought in - I keep thinking it will correct. One problem is that there is a lot of panic buying and panic selling that causes these huge price fluctuations. If you knew that a correction would be gradual, it would be easy to sell just after the peak... but corrections are often cliff-edge plummeting.

[daniyalasghar]

i think its very difficult to predict but in my opinion you should make a goal before entering in any coin you should decide for how much time you will hold and how much profit you want to get i personally sell when i get atleast 200% profit from any coin. i think 200% is enough profit.

[Toropen]

Very hard to guess when to sell. Just need to set objectives for yourself, after which you will close the deal

[Londoonik]

It's hard to tell when to sell the altcoins. Because if it is rising it can be tempting. But at the same time if you hold too long it may crash fast and then you have nothing for a while until it rises again.