Trading and profit, how do you set your goals?

[TheBeardedBaby]

Hello everyone,
What profit in % you are after when you are opening positions?
I'm talking about not only day trading but in a bit longer terms like a week or so.
How many positions you open for one coin?
Looking for guidelines and good strategies.
I tried trading with 50$ in Nov-Dec, made them 180 and then decided to enter right before the dip, now I'm mostly holding to recover, thanks to the BTC im on + and some coins are already on + like CND + 70.69% and XRP +20.46% but others are on - 20,30,40%
Wondering now shall I sell the ones on + and reinvest or wait for more gain? Just to note all my investments in altcoins are around 600$.

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[bitcoinfrings]

setting realistics goals is the key here..

[Nicoletan0831]

Hello everyone,
What profit in % you are after when you are opening positions?
I'm talking about not only day trading but in a bit longer terms like a week or so.
How many positions you open for one coin?
Looking for guidelines and good strategies.
I tried trading with 50$ in Nov-Dec, made them 180 and then decided to enter right before the dip, now I'm mostly holding to recover, thanks to the BTC im on + and some coins are already on + like CND + 70.69% and XRP +20.46% but others are on - 20,30,40%
Wondering now shall I sell the ones on + and reinvest or wait for more gain? Just to note all my investments in altcoins are around 600$.

Here's my trading plan (Very simple but very effective)

Entry:              During Bull run or Uptrend
Exit:                10% gain
Cut loss:          15% loss
Portfolio:          Maximum of 2 coins

Selling signal used: Fib Retracement, Moving Average, Volume

[Shaofalova]

Hi) my strategy is portfolio with maximum 3 coins. Profit in % is different every time.. But never close order in loss.. My profit is 10-50%. Now I want to sell only part of coins that maked profit, for ex I bought 1 coin when price was 0.1 BTC it raised to 0.15(50%) I sell coins to my BTC investings(0.1) and got my Bitcoins and 0.5 of coin, if they rise I sell. If the fall I hold

[passwordnow]

Hello everyone,
What profit in % you are after when you are opening positions?
I'm talking about not only day trading but in a bit longer terms like a week or so.

If its not day trading then 10%-50% for a week or more than shall be enough and its already a good call for you to sell and exit.

I tried trading with 50$ in Nov-Dec, made them 180 and then decided to enter right before the dip, now I'm mostly holding to recover, thanks to the BTC im on + and some coins are already on + like CND + 70.69% and XRP +20.46% but others are on - 20,30,40%
Wondering now shall I sell the ones on + and reinvest or wait for more gain? Just to note all my investments in altcoins are around 600$.

You can definitely sell those coins that you have gain in + while those - should be kept and wait for their rise. I'm also holding some coins that are still needed to wait for its pump.

[TheBeardedBaby]

Thank you people for the good advices. What I have done now, I sold what I bought by mistake. Instead of buying STRAT i bought START !! What a noobie mistake, I know, but shit happens sometimes. So I sold it and just fill my bags with ETN. I have a good feeling about it and I'm aslo mining it a little. It had a dip today til 0.09$ and hoping to sell it back to 0.25$ in some time. The START project was already dead when I bought it but I realise the truth when it was already too late, -182$ but thats life, you learn from your mistakes.

[DanWalker]

You souldn't be greedy. If you received a planned profit from the trade - just go away. There is no need to regret if the price goes up after that. Enjoy the fact that you have already made a profit.

[damansk]

You souldn't be greedy. If you received a planned profit from the trade - just go away. There is no need to regret if the price goes up after that. Enjoy the fact that you have already made a profit.

This is the hardest part

[anhkhoavba79@gmail.com]

Thank you people for the good advices. What I have done now, I sold what I bought by mistake. Instead of buying STRAT i bought START !! What a noobie mistake, I know, but shit happens sometimes. So I sold it and just fill my bags with ETN. I have a good feeling about it and I'm aslo mining it a little. It had a dip today til 0.09$ and hoping to sell it back to 0.25$ in some time. The START project was already dead when I bought it but I realise the truth when it was already too late, -182$ but thats life, you learn from your mistakes.

Hello! I like you, invest $ 800 for coins like XVG, IOTA in a short time, do not know whether to sell or keep waiting for the time.

[RockBar0]

In order to trade well and profitably during times of market fluctuations, you should set specific goals for yourself. The goal is to achieve how much profit will sell and how much losses will cut losses, you have to follow its rules set to be profitable from this market, because of the continuous fluctuations can take away offer your quick if not timely decisions.

[kendra1107]

Thank you people for the good advices. What I have done now, I sold what I bought by mistake. Instead of buying STRAT i bought START !! What a noobie mistake, I know, but shit happens sometimes. So I sold it and just fill my bags with ETN. I have a good feeling about it and I'm aslo mining it a little. It had a dip today til 0.09$ and hoping to sell it back to 0.25$ in some time. The START project was already dead when I bought it but I realise the truth when it was already too late, -182$ but thats life, you learn from your mistakes.

Good! Accepting our mistakes is the best way to be able to move forward. And learning from them will help us do wonders. It's a pity that some would choose to drown themselves in misery because of their mistakes. Something I detest! Because one mistake does not mean the end of the world. Every single day is a chance to pull ourselves back up and make a new start.

[hollet]

You souldn't be greedy. If you received a planned profit from the trade - just go away. There is no need to regret if the price goes up after that. Enjoy the fact that you have already made a profit.

We seek and yield God. Definitely no regrets. Enjoy with pleasure ...

[TreXzar]

For ICO coins, 3x is instant sell, 2x is maybe sell depending on movements.
cut losses at 70% of buy price.

Problem is ICOs are so hard to get into nowadays

[almost09]

been reading all these replies and surely learning alot from it. im also new in trading looking for more information here before i go all in. im currently trading only at bitz. at first all i wanted was to sell the coins i earned from free airdrops until i realize there was a minimum amount in withdrawals. so i got no other choice but to make trades hoping i can gain enough to reach the treshold.. funny i know. but thats how i really got into trading.

[Leamirra]

Let me tell you about my strategy. For example, if I invest 100$ then I wait until they become 200$ and take away the first hundred. The rest I leave for a while.

[grumpy619]

My strategy - buy and hold. I divided my  funds in several parts:40- 50% i always keep in BTC, 10-in Ethereum, and 40-50% altcoins (my portfolio  consists of about 50 coins),10% of altcoins are the coins with low market cap, that can give huge profit in the future (capp for example). When i buy coin i set the goal at least 200% (for longterm),when it happens, i fix the half of holdings (so get my  deposit back and profit ) and other part keep for ages till it gives me x10

[tachi641]

I set my goal, the number of times I make a profit from my selection of coins without regretting if the price goes up after that. I just enjoy the fact that I have already made a profit 

[kirstiemorton23]

To remind you, the shorter the time period you invest, the more you will involve emotion in terms of making investment decisions. The greater the emotion involved, the greater the challenge.

Techniques & strategies for short-term trading will be very different when compared to long-term investments. You need to really think about the strategy to adjust to the goals that have been made

[pidonkmo]

how i set the goal is depend on the time ad how long i have been invest it. for me, i invest it for 100 then when the price is high you can sell it then keep a half of your coin.

[Mt. Dempo]

I am still not smart to do trading, I have tried to trade but some suffered losses because I was trapped and experienced panic. Maybe trading is not suitable for me or i have to learn again.