The Best Time To Exit Trading

[Leonard2016]

well they say " it's not important when you get in but it is important to know when to get out of the market"
i think it's true and know when to go out is very important and your gain or your loss depends on that.

[redsun114]

The best time to exit trading is when a coin suddenly pumped up to 2000% or higher in a single day. In more instance. Its also wise to exit trade when a coin pump for more than 100% to 1000% in just several days.

No one other than that one who is doing the trade at any particular time can decide this thing of quitting or selling off his coins as he is the one who can see the market in the best possible manner.

You need not to quit the market at time when the market value of the coins are not that much high enough that can help you in earning of some very good amount of money. Sell your coins only when you are getting some handsome amount of profit by doing so.

[Sword555]

Dont worry to fix looses too , because good trader need to fix lose too not only fix profit like noob traders think that they need fix only profit and nothing else.

[yvesp110]

The best time to exit trading is when a coin suddenly pumped up to 2000% or higher in a single day. In more instance. Its also wise to exit trade when a coin pump for more than 100% to 1000% in just several days.

This is the most optimistic approach I have seen on this platform because I haven’t seen anyone talking about the 2000% rise in the price. This is kind of dissemination of the negativity on the platform as people after reading these things can develop some wrong hopes. The best thing which I have seen in successful people in this market is to always talk about the things which are quite practical and realistic so that you can get the max profits.

[GelsoAM]

I think the best time will be if there will be a bull or bear exhaustion so that you can be aware that it will go down or up after the pump or dump but sometimes it still keeps on going so watch out for that.

[LuvdubNation]

When you're getting that hot potato feeling, sell 30%.  That way you get to still stay in the game.  This works only when you got in on the dips though o.O

[1Referee]

well they say " it's not important when you get in but it is important to know when to get out of the market"
i think it's true and know when to go out is very important and your gain or your loss depends on that.

That applies to longer term holding, and not so much to trading, which is more of a short term practice. In trading the entry points are as important as the exit points, because in a market as volatile as the one from Bitcoin, every few passing minutes may offer you an opportunity to quickly enter and exit with a profit. To add; in a rapidly changing market, you some times also have accept taking a small hit in order to adjust your positions to benefit from the changed market sentiment. If you keep sticking to your exit targets in case you don't take a hit, you'll be wasting precious time, and likely still be taking that hit later on.

[JCLee]

In trade, do not be too greedy as you may lose money. Best before trading, choose yourself a target when investing in crypto. For example, when I invest in the INS Token, my goal is that when the Token reaches $ 2, I will sell all of the tokens I own, although then the exchange rate is up, I also exit trading and will not. That is my personal experience.

[ufaiz50]

You are right, that news media is an important role in determining demand of cryptocurrency but we not always get new news about cryptocurrency. I think the right time to get out of trading is when you buy altcoin or bitcoin randomly without any exact analysis and source of information that can explain why you buy and sell coins, why? because of some books that I read it is also called gambling.

[Fatunad]

well they say " it's not important when you get in but it is important to know when to get out of the market"
i think it's true and know when to go out is very important and your gain or your loss depends on that.

That applies to longer term holding, and not so much to trading, which is more of a short term practice. In trading the entry points are as important as the exit points, because in a market as volatile as the one from Bitcoin, every few passing minutes may offer you an opportunity to quickly enter and exit with a profit. To add; in a rapidly changing market, you some times also have accept taking a small hit in order to adjust your positions to benefit from the changed market sentiment. If you keep sticking to your exit targets in case you don't take a hit, you'll be wasting precious time, and likely still be taking that hit later on.

This is the difference with short and long term aspect when it comes to hitting up opportunities on entering and exiting such orders.When we do make hedging then seeing those opening would really be crucial and it cant really be predicted if you arent seeing the price actively.This is why active trading is really very crucial and very hard compared to long term holds because you should really have the capability on pointing out possible entries.

[nicolas1979]

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.

Every one will say you need stop loss and take profit point to exit trading market, only people who doesn't have will still running with their transactions activity. Most people ( like me ) sometimes break their own rules about stop loss/ take profit because still believe will get better result but unfortunately loss they get. Many guide, knowledge and proof try to give education about to keep follow the strategy with out break it but the player always make the same mistakes ( not successful ). So, disciplines is the key to get out trading market in safe ways and good luck to you.

[Willitivity]

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.

[surfinonmyownwavebaby]

Best time to exit is when you simply think the coin is going to down more than 10%. Reason being you can sell it and pick it up the next day if you want, if you think it is going down even more well that is even better. People view downside as bad, but how we should view is that it is a great opportunity to buy cheaper coins!

[blatchcorn]

no need to be panic first if you are good trader and loosing the money then you will hold it if you are not then decide it what you want to do the best time if you really want to exit from your trading then you are needy and want to quit before trading just fix the task for own your self and try to achieve the targets and then if you want to quit you can proceed ones you entered and without earning if you are going that will hurt you some where really.

[BobBct]

I think the best time is when there will be a bull exhaustion but if you didn't see that make a cutloss around 15% because that will lessen your losses and it's more safer.

[cryptosunn]

Once you made profit, you can withdraw your initial investment and just leave the profits in. This is what I do.

[creeps]

Once you made profit, you can withdraw your initial investment and just leave the profits in. This is what I do.

Do exit when you reach your target price and if its beyond your cut loss level. That’s how trading works its all about your trading goal, also you can know this situation if you analyze well the market specially with your specific coin. Its not easy to tell when to exit but always remember that don’t put too much greed on you.

[mornabo]

well they say " it's not important when you get in but it is important to know when to get out of the market"
i think it's true and know when to go out is very important and your gain or your loss depends on that.

Yeah of course it will be determined by the large profits or losses you get, usually trading like gambling where many people will continue to feel addicted and keep on playing, I think you should set your goals for how much profit you should achieve, when you've gotten a profit like your expectations you can stop and exit for a moment and secure the profits

[litepresence]

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.

The best time to exist trading is all depending upon each individual and respective situation. From my point of view you can exist the trade when you gained much profits or after reaching the target what you fixed. As you said media plays a major role where both the pessimist and optimistic new flow through it. But as a experienced trader we should make a technical analysis of these news for the futher move in our trading.

[Baoo]

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  " .