The Best Time To Exit Trading

[sarmrakib]

I think we can Exit from a trade easily if we don't be greedy so .It could be a good idea to close trade when we got a news ,rumors etc .It can works .I did't try this strategy .However i think we have to put a target and cut our trade in a profit level .It will help us to escape from loss .

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[omonuyak]

I think we can Exit from a trade easily if we don't be greedy so .It could be a good idea to close trade when we got a news ,rumors etc .It can works .I did't try this strategy .However i think we have to put a target and cut our trade in a profit level .It will help us to escape from loss .

I exist trade or open position when my candlesticks formation signal that.  I have been in this market for long and one thing I do is to understand that both rumours and news are already computed into price action which is reflected in the candlesticks formation.

[KennyR]

With trading the exit point is when you reach the targeted profit out of the trade. In this regard very few succeed attaining the expected profit. Other than this it is good to take a break if the market isn't volatile to create a difference between buying and selling.

[enawati]

I think we have to decide target profit according to situation in the market, for now that the market just semi bullish is better to take profit around 10% to 30% pertrade. But when we have prediction the bull run coming, we can make target profit up to 10x, because only in bull market we can make that number of profit and 10x profit possible to change our financial.

[HatakeKakashi]

Idea of exit in trading is not good because you cannot earn money anymore. Maybe they have advantanges of exit trading like what happen last 2017 when the trader leave market on that year they will get a lot of money and they did not lose anymore. But mostly high percentage once you leave the market you will not earn. Trading is good and you will see that your money grow.

[virasog]

I think we can Exit from a trade easily if we don't be greedy so .It could be a good idea to close trade when we got a news ,rumors etc .It can works .I did't try this strategy .However i think we have to put a target and cut our trade in a profit level .It will help us to escape from loss .

If you want to avoid losses in trading and also want to be safe follow the below golden rules. Quit according to below mentioned guide

1- Use Stop loss and if the price hit it, you will automatically be quit from trade
2- If the coin reached 30-40% high, its time to quit (you can buy back later once its dump)
3- If there is any negative news about the coins like delisting etc, Quit it.
4- Before any big event like Mainnet , hardfork, quit because price will dump very near and after the event.

[nydiacaskey01]

Idea of exit in trading is not good because you cannot earn money anymore. Maybe they have advantanges of exit trading like what happen last 2017 when the trader leave market on that year they will get a lot of money and they did not lose anymore. But mostly high percentage once you leave the market you will not earn. Trading is good and you will see that your money grow.

What the title means is the best time to Sell and wait for a good Entry (Buy) point again and not to exit or stop trading totally.
Example is you Buy ETH last March 04 at $127 then on March 07 ETH reached $138 or 8% from your Buy price, that could have been a good time to exit and wait for the price to drop again like today its down to $131.

[stefany101]

I do not really know about when is the best time to exit trading. The only thing I know is that you have to let go of something. I am not in a better position where it's impossible to make loss, then wait for the profit but don't get greedy. Just think of this as experience that will make you better.

[Noa_Amable]

Investors sentiments is a really good indicator and I use it all the time. It includes official news, recent price action and social media. All these components make a very important background and off course a trend.

I suppose huge trading volumes for selling (by volume indicator) is one of the best indicator which can show you to close long positions

[Viscore]

I do not really know about when is the best time to exit trading.
~snip~

You need to work out on that one, if you don't know when to exit, you might end up losing and that is a big waste of time and money.
What's important in trading in order to be profitable is to do the right timing to get an entry and exit, without strategy you will never make it correctly.

[Danslip]

Investors sentiments is a really good indicator and I use it all the time. It includes official news, recent price action and social media. All these components make a very important background and off course a trend.

I suppose huge trading volumes for selling (by volume indicator) is one of the best indicator which can show you to close long positions

Indeed there are online tools for comparing the opened/closed trades but major ones are not free. Indicators are laggy and you can't choose the which side of volume you wanna to see from my experience.

[ophyrim]

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
  (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.

It also depends on your trade perspective. If you are a day trader your daily goal is to make a small profit like 1-2% every day but if you are a long term investors  an ATH could be a target

[karanggatak]

yes, I agree with what you say. indeed media, news, rumors greatly affect the rise and fall of market prices. but to determine when the right time to go out, I think that depends on each individual. if indeed someone has earned income that is in accordance with the target they want, maybe that is the right time to get out. and if someone has speculation that prices will decline, maybe when someone has speculation like this, maybe it is the right time for someone to get out of the trade.

[hahay]

yes, I agree with what you say. indeed media, news, rumors greatly affect the rise and fall of market prices. but to determine when the right time to go out, I think that depends on each individual. if indeed someone has earned income that is in accordance with the target they want, maybe that is the right time to get out. and if someone has speculation that prices will decline, maybe when someone has speculation like this, maybe it is the right time for someone to get out of the trade.

But what if they have not gotten a profit that is at least close to the target that has been made and if they are to stay because of greed, chances are they will never get the target profit. So, each individual has his own views about rumors, news, etc. They will have their own analysis to get the right time to exit trading and that skill will shape from their experience during trading.

[mirakal]

I think the best time to exit trading is when you already reach your goal.

Well that's right but not everyone can be easily satisfied, though they reach their goal, they still aim to have more.

Always set a goal and when you already reach it and you feel like you want to have a break or just leave and quit with trading then do it.
But for me once I already reach my goal I would convert some of it into Fiat or save the half of it in my hardware wallet then continue to trade.

Honestly, I have my goal which is really big and if I will be able to reach it, I cannot promise that I'll exit completely, I will definitely gonna still invest knowing I have a chance to make even more. This market is full of opportunity, as an early investor, I feel I should grab it.

[BigTeeths]

I guess what you've said is somehow true. If only those fake news organizations are still not involved in the cryptocurrency market then we shouldn't be experiencing this bear market as bad as it is. Before, traders only think of when is the bitcoin season or altcoin season but now the whole game is changed. One FUD from those fake news then the marketcap collapses easily.

[radjie]

With trading the exit point is when you reach the targeted profit out of the trade. In this regard very few succeed attaining the expected profit. Other than this it is good to take a break if the market isn't volatile to create a difference between buying and selling.

of course everyone is targeting to make a big profit in trading, as much as possible we should be able to limit the benefits obtained and not be easily greedy to get greater profits because if we are greedy emotional levels cannot be controlled so it is very easy to get a loss

[eann014]

For me, the right time to exit Trading is when you think you can't grow with it. There are times that you still keep believing that you will achieve your goals because you see it with your friends and you think you will also gonna make it which is not if it's not your thing then don't force yourself doing it if there is still no progress.

[Goodvalony]

To me , business is all about profit and loss. when someone loose , another person gains. the trading platform is a place where you ply all your intelligence to make sure you don;t loose always. if you loose today, go back review your strategy and make sure you don't make the same mistake again to avoid loosing twice. i don't think there is a unique strategy to win and win in this business.

[mirakal]

To me , business is all about profit and loss. when someone loose , another person gains. the trading platform is a place where you ply all your intelligence to make sure you don;t loose always. if you loose today, go back review your strategy and make sure you don't make the same mistake again to avoid loosing twice. i don't think there is a unique strategy to win and win in this business.

You don't win all the time here, but you can be profitable in the end.
Accepting that reality will make you make a more realistic approach, only those who failed will exit in the market.
If you are good in trading, you can make money at any situation, even at bearish, so you don't exit in the market, instead you will trade more to earn more.