The Best Time To Exit Trading

[hurriebra49]

Yes it is good question, I think the best option is after buying the bitcoin or altcoins you can set our mind where you wants to sell this coin and place the order to sell this coin, I think in this way you may be busy and all your trades will automatically sell by just putting the sell order in the market exit trade in this way is the best strategy may be long term or short time.

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[South Park]

If we all know when to sell, we all will be millionaires right now. Timing the market is an impossible undertaken and I have never seen that trader and investors that know precisely when to sell. You can only plan and make assumption. Sometimes it works and sometimes it doesn't. We need to accept this fact.

This is an important concept, I have seen many traders thinking they're going to be able to win every single trade and that is simply impossible, in order to be a successful trader you need to win more trades than the ones you lose this means you need to be able to deal with losses and this can be very difficult for some people especially if they get many losses in a row.

Having no losing trades do really happen in our dreams which same as you said we do really suffer loss no matter what but the important thing we do end up on profits in the end of the day.This is only applicable on day traders but for long term exiting can be somehow easy to spot on and decisions making would be entirely depending on a certain trader or hodler.The most important thing is that as long we can able to make money then you are doing good.

Exactly the most important way for a trader to measure his success should be the money in his pocket, in fact you could become a winner trader even if you lost most of your trades as long as those trades that you won where trades where you were able to catch a huge pump in the market, so traders need to let go of their ego and think that the only way they can measure their success is with the bitcoin they possess, if they got more bitcoin than the previous month through their trades then they are good traders.

[hatun]

you need to set the your targets. dont go with the flow, dont follow the crowd. just make ur profit target and right after the exist dont even bother to look at that coin again

When there is frequent movement of coin price and all technical analyses become fruitless and wrong, you shoul stop trading instantly to avoid loss. Say for examply when chart analysis like buy signal an sale signal is prived wrong repeatedly, you must stop trading. It is the best time to quit and observe vigorously.

[V.I.P]

the most out of trading if Price is rising, it's a loss if you stay in bed. so it is best to go first. Just return if the price falls again.

[rhodelmabanal]

I don't think of any assurance of escape plan of trading. It happened when I was in college days and my friends said it is time to quit trading and I said NO.  I talked  to him that is it a time or is hr tired of trading and he said that he lost coins and tired of being waiting for nothing.

[LodisMcguire]

Right,that's the common way to decide when to buy or sell your coin,but this strategy has one fatal flaw that if the rumor is not strong enough,the price will not be affected and you will lose your money.Use this strategy when there's a big rumor that could shake the market for the effectiveness.

[VPoro]

certainly this moment is not a good choice for exitting. do you wanna lose most of your budget? if not, be patient and wait for few months.

[tbalazs]

I think we have seen the bottom for now, time to start buying. Dont exit if you kept if until now

[lamadu3]

You can set a target and the moment you achieve that, you can exit. But, the problem doesn't end there. People get greedy and begin expecting more returns. No one is ever satisfied with the returns they achieve. If you get 50, you will want 80. If you get 80, you will want 100. This greed cycle is what leads to disappointment later on.

Right, some people join trading only for earning some money to get something very important, for instance, get dollars for real estate. if they achieve it, they can quit trading if they dislike the business.

[Dr.Osh]

You can set a target and the moment you achieve that, you can exit. But, the problem doesn't end there. People get greedy and begin expecting more returns. No one is ever satisfied with the returns they achieve. If you get 50, you will want 80. If you get 80, you will want 100. This greed cycle is what leads to disappointment later on.

Right, some people join trading only for earning some money to get something very important, for instance, get dollars for real estate. if they achieve it, they can quit trading if they dislike the business.

sometimes people become greedy when trading. Getting some profit will not stop us, until we are satisfied with the results of our target. well, but that's obviously wrong. some people try to stop trading when they have earned 30%

[KalaiBTC]

I think when you have gained profit exit trading, don't be greedy and wait for a very high profit. A lot of people suffer losses because of their greed. Always exit with a small profit.

That is a good strategy to give up on trading once the target is achieved or enough amount of money is earned but that also means that the trader has acquired good knowledge about this profession and gained experience too which can help him in earning even further. What is the point in giving up something that you have become an expert of? I think, a trader should continue his journey even if he has some other way of earning money.

[Arwinkim]

People nowadays are stuck in the world of trading that may cause their loss of capital, may cause their eagerness to recover their investment. Ending up sinking the money they have invested. AND Doesn't know how to exit in the game.

Also, FOMO (Fear of Missing Out) is a normal feeling of traders when coins are actually dumped big time.

Here's how. We all know that media plays a big role in the dump value of some coins.

Accdg. To this site
https://cryptopotato.com/8-must-read-tips-trading-bitcoin-altcoins/  (contains also tips on trading)

BUY THE RUMOURS. SELL THE NEWS (not literally)
When media talks often about the dump and publish articles, then that is the RIGHT TIME TO EXIT.
News, rumours, speculations could have a big impact and can affect the price of altcoins. They concide the price movements resulting in pump and dump.

Believe me, I did that and it really works. Prevents deficits and prevents loss of investment.

Media can drive people opinion. No wonder they can manipulate the price. As technical trader, I think the best time to exit trading when price hits new support or new resistance because usually price will rebound. But when it breakout usually most people get trapped. We know it as FOMO.

[Rdrrakel]

People nowadays are stuck in the world of trading that may cause their loss of capital, may cause their eagerness to recover their investment. Ending up sinking the money they have invested. AND Doesn't know how to exit in the game.

Also, FOMO (Fear of Missing Out) is a normal feeling of traders when coins are actually dumped big time.

Here's how. We all know that media plays a big role in the dump value of some coins.

Accdg. To this site
https://cryptopotato.com/8-must-read-tips-trading-bitcoin-altcoins/  (contains also tips on trading)

BUY THE RUMOURS. SELL THE NEWS (not literally)
When media talks often about the dump and publish articles, then that is the RIGHT TIME TO EXIT.
News, rumours, speculations could have a big impact and can affect the price of altcoins. They concide the price movements resulting in pump and dump.

Believe me, I did that and it really works. Prevents deficits and prevents loss of investment.

You may suffer losses using your method when media will decide to manipulate the situation on cryptocurrency market. It's common practice for corrupt mass-media.

[logan16j]

People nowadays are stuck in the world of trading that may cause their loss of capital, may cause their eagerness to recover their investment. Ending up sinking the money they have invested. AND Doesn't know how to exit in the game.

Also, FOMO (Fear of Missing Out) is a normal feeling of traders when coins are actually dumped big time.

Here's how. We all know that media plays a big role in the dump value of some coins.

Accdg. To this site
https://cryptopotato.com/8-must-read-tips-trading-bitcoin-altcoins/  (contains also tips on trading)

BUY THE RUMOURS. SELL THE NEWS (not literally)
When media talks often about the dump and publish articles, then that is the RIGHT TIME TO EXIT.
News, rumours, speculations could have a big impact and can affect the price of altcoins. They concide the price movements resulting in pump and dump.

Believe me, I did that and it really works. Prevents deficits and prevents loss of investment.

We can see that in order to be able to trade successfully, it is extremely important to plan ahead of time. The more detailed planning and discipline you can make, the more profitable you can be and the less risk you will have. I think the best time to exit is when prices are rising and can continue to rise, which is the easiest and easiest way out.

[1Referee]

You may suffer losses using your method when media will decide to manipulate the situation on cryptocurrency market. It's common practice for corrupt mass-media.

The media is able to manipulate things because of how stupid the majority of the people are. If everyone here took the effort to just research that what they are investing in, and understand how Bitcoin technically works, people would disregard all that mainstream media nonsense. Some times I am embarrassed to see how easily the market gets dumped down because of whatever article that popped up. It's a sign of incompetence that this market has been dealing with since the very beginning. Back in the days the market was moving based on good and bad news, and in the last years the good news doesn't play a factor anymore, where people only focus on the negative aspect now. Even if we see a shitload of good news come in, positive developments taking place within Bitcoin's ecosystem, it's not doing anything at all. But as soon as we have even one single negatively tinted article (while in reality it's not negative at all) pop up, it's time to take a dive.

[star19]

Most of the people very interested with trading and when he know about trading they are start trading but he don't understand altcoin market although they start trading and some time later when they lose his money and they are make a bad comment about trading. Most of the people can't control his emotion, if you want to a good trader you must need to control your emotion other wise you can't do that. If you lose in a day three time with your day trading you need to stop and Exit your trading or you can lose your whole money so at first learn then start your trading.

[fredo123]

you need to set the your targets. dont go with the flow, dont follow the crowd. just make ur profit target and right after the exist dont even bother to look at that coin again

Setting your target is great idea but what happening right now is that, your target was not able to met instead the value's are smoothly declining which turnin to loss all your investment. Mostly people blaming the influence of media. Which directly reflect to its value whenever there are bad news about crypto's. Better do something else aside from trading, How about joining bounty campaigns, rest assured you will earn btc without capital for investment. This is my second choice if trading doesn't run straight forward.

[South Park]

certainly this moment is not a good choice for exitting. do you wanna lose most of your budget? if not, be patient and wait for few months.

I agree, this is the moment to enter the market not to exit the market almost all coins are down from their all time highs so you can buy them and expect great profits in the future maybe not today maybe not tomorrow but at some point in the future and when you begin to think about the possible price that coins like bitcoin can reach then the conclusion is easy if you have not entered the market then do it and if you're already in the market then you need to stay.

[napi]

actually if you get out of trading it seems you have very loss of trading capital you have and suffered a lot of loss if it is true as it should you come out with the right reasons that is learning to trade so that you do not lose anymore.

[LuanX3]

Best time to exit trading is to just be ahead, like way ahead when you can just live off the interest of all amount of money you were able to profit from your trading. It would be super hard to do, but that's the amount you should aim for. If you haven't reached that amount then you really have to work hard to be able to trade here. That's the best thing to do.