The Best Time To Exit Trading

[crisanto01]

In general, It is very certain that the media plays a large role in influencing users of cryptocurrencies ( traders), through some fake news and predictions and It is unfortunate that many people believe them, and they always sell their money at every major fall in the market.
On the other hand, the self control is very essential, so if someone always hasty in his choices ( buy and sell) then He/she must get out of this field because he/she cannot make money in trading.
So in the field of trading ( digital currencies ) "Do not follow the sheep, and act like a wolf  " .

You are right, that is why we have to keep updated in everything that the media was saying regardless how bad or positive it is saying, still don't rely on the social media learn how you are going to do trading, or what, learn to explore more things.

[Choii]

The Best Time To Exit Trading

You just need to set your target price before you can exit in trading platform.

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

And YES, your right media also play a big role in the dump and pump of any crypto currency they spread a negative news to dump a coin that they want to dump and also they have a power to pump that coin also.

[South Park]

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.

Right time to exit the market is entirely a subjective issue. It varies and depends on many factors. Your investment, your coin, your amount, your time everything impacts this decision. Moreover here you are talking about the role of media. Role of media in impacting the value of Bitcoin is immense. A single news in the media is enough to shake the whole market. So the power of media can either pump thw price or completely shun a Crypto coin. So it definitely has a part to play in the market.

It is a subjective issue since everyone has their target goals, someone may make a million dollars and that may seem enough for a person living in the third world but for someone else living in the first world a million dollars can be a good start but not enough to retire from trading since he may want to earn several millions before he retires from trading in a satisfactory manner.

[poplolnman]

I kind of agree with what you're saying, but some extent though. The media influence the price of Cryptocurrencies other their news and other information. But most times, being in panic and selling off because you heard a bad news may turn out to be a mistake. I have seen situations where people sold out of panic and in a short while, price skyrocketed.

Considering each of us who holding Bitcoin are in different places with different idea / thoughts on how confused people wondering what to do with their Bitcoin , then informations & rumors are indeed have a big influence to unite the same action. You don't have to really believe in this , just watch and learn , there always a pattern in trading.

[South Park]

I kind of agree with what you're saying, but some extent though. The media influence the price of Cryptocurrencies other their news and other information. But most times, being in panic and selling off because you heard a bad news may turn out to be a mistake. I have seen situations where people sold out of panic and in a short while, price skyrocketed.

Considering each of us who holding Bitcoin are in different places with different idea / thoughts on how confused people wondering what to do with their Bitcoin , then informations & rumors are indeed have a big influence to unite the same action. You don't have to really believe in this , just watch and learn , there always a pattern in trading.

Exactly there is not a right time to exit the market each one of us has to decide which is the right time in the same way that people need to decide when to get in, some people made the right choice for example those that bought at $6000 and there are some people that took a bad choice of entering the market when it was $20,000, exiting the market also has the same difficulties, probably the only thing we are going to agree is that right now is a bad moment to exit market.

[Bayoe_noe]

yes one of the best time to exit trading when you have got a profit or can also if already reached the target. do not sell when the price goes down or when you lose. trading risk is very high, if you are not careful, your capital can be reduced or even to lose all your capital...

[South Park]

yes one of the best time to exit trading when you have got a profit or can also if already reached the target. do not sell when the price goes down or when you lose. trading risk is very high, if you are not careful, your capital can be reduced or even to lose all your capital...

But think about it, if you are making profits, and you are doing it in a consistent way and you know exactly why that is the case then why you should exit trading at all why renounce to all the profits that you can get by trading there is no other job or occupation that is going to give you so much profits by doing so little effort, so it will be a mistake to leave trading at that point.

[hitrawal91]

The Best time to exit from the trading depends on our trade plan and exit strategies. Let me clear you one point that whenever you are taking trade your exit point must be known to you before you place the trade, this is how professional traders trade and this is how they manage their trades. You can't depend on the news or rumors alone to exit. You must match the technical strategies with the fundamental events and news along with that to get a good outcome.

[rokon123]

i think when coin prices going down day by day.that is perfect time to exit trading.so, be carefull for your trading decision.

[pawanjain]

There is a time for exit only for the day traders and short term traders. The traders who invest in crypto for a long time don't need to wait for the right time to exit since their exit is pre-planned and is yet to come after a long period. For the day traders and short term traders, they should watch the market carefully and observe what the media and news says about crypto because that creates a direct impact on it. As you said "Buy the rumors , sell the news " works like a charm in this case.

[MiningBattalion]

But you have to analysis the trade in good manner.I had accept some of your point, it needs some Patience to hold and we don't know what will happen in a month. It's purely vary.Many had become a millionaire and billionaire by investing in cryptocurrency .

[yanto@1977]

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 can exit trading any time you want and most people will leave after reach take profit ( income ) and stop loss ( fail ) area. Some people even leave trading with out need specific reason, sometimes they lost their patience and faith. Take profit and stop loss is needed before enter the market with out it you like car with out brake, don't know where and when to stop. I don't believe in rumor/ news, leave fundamental strategy a year a go after lost 25% from my money.

[WSDN]

Yes, if you do not believe in cryptocurrency, i think you should leave now. But the moment you leave is the right time for the entry of Shark and Whale, they will buy your coins with low price and get big profit after few months

[fredo123]

Exit in the Game is the big threat in crypto world, Since media had the biggest influence to convince traders, Is this the time crytocurrency will vanished,? Mostly we took positive view of crypto from media source but it turmoils the mind of the investors to hear the prices of bitcoin started to shrink now a days. The success of bitcoin depends in our hands, and i still believe in bitcoin no matter what.

[Mobshady24]

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

Im against this specially with the market conditions right now? i don't think you can achieve all your target profits as bears wont let you to do so, you can wait and hold but you will simply miss the opportunity to play the bearish trend of the market.

[rockie87]

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.

I don't think there is any time to exist trading it just that when you think that your investment is in loss and it is hing time to pull off.Sometime you just know that this is the limit for the coin through it's past trend and news.But this is not the case with bitcoin trading as he trends are always keeps on changing.These fluctuation are the test of the patience of people.

[carlfebz2]

I kind of agree with what you're saying, but some extent though. The media influence the price of Cryptocurrencies other their news and other information. But most times, being in panic and selling off because you heard a bad news may turn out to be a mistake. I have seen situations where people sold out of panic and in a short while, price skyrocketed.

Considering each of us who holding Bitcoin are in different places with different idea / thoughts on how confused people wondering what to do with their Bitcoin , then informations & rumors are indeed have a big influence to unite the same action. You don't have to really believe in this , just watch and learn , there always a pattern in trading.

Exactly there is not a right time to exit the market each one of us has to decide which is the right time in the same way that people need to decide when to get in, some people made the right choice for example those that bought at $6000 and there are some people that took a bad choice of entering the market when it was $20,000, exiting the market also has the same difficulties, probably the only thing we are going to agree is that right now is a bad moment to exit market.

Exiting on the market or on our orders would really vary on our own decision because we do have our own trading ways either we do considerate if we accumulate enough profit or not or even decide to cut loss but its not really a suggested thing to do since price do recover but for those people who did able to enter the market when it was $20k then I do believe that most of them already given up to their folio and had already decided to cut loss because waiting for the recovery would really be too long.

[South Park]

I kind of agree with what you're saying, but some extent though. The media influence the price of Cryptocurrencies other their news and other information. But most times, being in panic and selling off because you heard a bad news may turn out to be a mistake. I have seen situations where people sold out of panic and in a short while, price skyrocketed.

Considering each of us who holding Bitcoin are in different places with different idea / thoughts on how confused people wondering what to do with their Bitcoin , then informations & rumors are indeed have a big influence to unite the same action. You don't have to really believe in this , just watch and learn , there always a pattern in trading.

Exactly there is not a right time to exit the market each one of us has to decide which is the right time in the same way that people need to decide when to get in, some people made the right choice for example those that bought at $6000 and there are some people that took a bad choice of entering the market when it was $20,000, exiting the market also has the same difficulties, probably the only thing we are going to agree is that right now is a bad moment to exit market.

Exiting on the market or on our orders would really vary on our own decision because we do have our own trading ways either we do considerate if we accumulate enough profit or not or even decide to cut loss but its not really a suggested thing to do since price do recover but for those people who did able to enter the market when it was $20k then I do believe that most of them already given up to their folio and had already decided to cut loss because waiting for the recovery would really be too long.

Waiting for the recovery will in fact take a lot of time, but at the same time if they do not want to lose money they will have to, I know that is not the most comfortable position to being as an investor but they need to accept they made a mistake and now they need to correct it if they sold their coins already then there is no way to correct their mistake anymore.

[GoldenLad]

It might have worked for you but for others it may not have worked. For me, I believe it is just be luck that one can follow what the media says about cryptocurrency and succeed in it. Cause most times, out of a scale of 1-5, it only succeed about 2 percent. The media are quite good at creating FUD in cryptocurrency investors and I advise anyone who intends to use them should always verify their story.

[WilliamBratsky]

Yes, if you do not believe in cryptocurrency, i think you should leave now. But the moment you leave is the right time for the entry of Shark and Whale, they will buy your coins with low price and get big profit after few months

if you ever had time, go check the bitcoin charts. on there you can visibly see that a rise like this which is only a 10% rise is the most common thing in bitcoin world. it has always been like this:
-  price goes up fast and big sometimes 10% per day some times more
- then it reaches the end of the rally where price is a lot higher than when it started at
- it stops and has a little drop, maybe a tiny rise afterwards
- then the  correction starts, where price comes down about 10% and sometimes if the rally was big it can drop more like 30% tops
- and then a tiny recovery where price gains back a portion of what it lost
- consolidation where price becomes nearly stable. this can take a day or two or up to a month with bitcoin
- then rise again and the same thing repeats

So getting out might be bad at any point in time...