My Views on When to Sell

[PETES]

This trading strategy in crypto sounds easy, but it's not that simple. Selling coins can be done when prices are high, that's an opportunity we can take to get a profit. And no one can really predict the bull market in the crypto market.

Well, you can also sell once you see barish signals. This is also a good approach.

Maybe for some it's simple but a beginner can't distinguish this and only his intuition can save him from this, neither losing or take profit.
I like how OP illustrate the graph however this movement is hard and rarely to be seen and sometimes can be confusing if it's the one we're waiting. And his graph is more suitable in mid to long term trading.

Most of you that look at crypto thinks that this is just a way for earning money, you will see in few years how wrong you are. You can sell when price rise, you can trade as long as you wish, but do you know what you really want? Answer is clear, most of you wish more money, and that`s the crypto problem, nobody thinks about the future and actually using crypto directly, most of you just think about making more money, fiat money to be precise. Why to sell at all if you don`t need the money? When I sell I`m doing that because I need money, or when I`m thinking that price will drop more so I will be able to buy more coins, my goal is only one, having more coins.

What's wrong in taking profit? Isn't trading is all about? We sell and take profit if we see it fit and that's how trading works, IMO. Not because we sell, we didn't think for the future, c'mon don't be ridiculous. Trading somehow made the market more organic and active and if we all just gonna hold what will be the market looks like? I know holding is also essential but it's still depend on a coin because there are coins that's more profitable when you trade them for short or mid term trading. What's the point of having more coins if you didn't gain anything? Don't get me wrong, I'm just more practical. Peace yow. 

[Babyrica0226]

On selling the coins the community itself had their own reason why they sell, other's do it because they want profit only especially if the coins was gained into bounty campaign, most of them don't know about trading in the market, but for the deep traders they sell when it is already necessary to do it. But all of it of course are still depend on the individuals.

[kickdapa]

Such a wonderful explanation! This thread will be very helpful for every traders and holder. But we can't go through the rules all the time. Because sometimes people got panic! Sometimes we have to sell in lose or in a less profit zone. Because of Money needs. Crypto doesn't follow any rules actually! If you go through rules always then you can't make good things in crypto!

[legenduim]

On selling the coins the community itself had their own reason why they sell, other's do it because they want profit only especially if the coins was gained into bounty campaign, most of them don't know about trading in the market, but for the deep traders they sell when it is already necessary to do it. But all of it of course are still depend on the individuals.

It is too late to sell the cryptos. I am sure that if we stay patient and forget for some time about the market fall, it will be the best choice. I am sure, tokens and BTC will gain this year.

[joyclicks]

I know my fellow traders have experienced their "what ifs" moments. It's always a good opportunity to sell when your altcoins are rising in value or even better when it is on the bull run but because there are no limit on what they can reach, we tend to become very greedy. That is why my strategy is to always sell 70% on that kind of situation.

These are the rules of trading that when the price go up sell you holdings and when the price goes down buy more. Trading is a business and every trader wants to make money from his investment. it is the common way to take decision about your coins. There is no need to be panic too much and asking here and there what to do next. Be bold and patient.

[Kolder]

On selling the coins the community itself had their own reason why they sell, other's do it because they want profit only especially if the coins was gained into bounty campaign, most of them don't know about trading in the market, but for the deep traders they sell when it is already necessary to do it. But all of it of course are still depend on the individuals.

It is too late to sell the cryptos. I am sure that if we stay patient and forget for some time about the market fall, it will be the best choice. I am sure, tokens and BTC will gain this year.

Just think of our investment where freeze at this point in time and wait till December and see what we can do, whether to sell it already and identify if we see potential growth in it, its best to do in top alts, checked whether your coins can make it till December.

[dr_hodes]

I like the graphic you've put together. It has some basics of markets for beginners. However, this is not a complete sell strategy, just guidelines for market behavior. I can see this graphic being helpful for new traders, or those who do not understand the market.

Please continue to create this kind of content. I will look out for it. It can be helpful in teaching those brand new to cryptocurrency.

[onrise]

On selling the coins the community itself had their own reason why they sell, other's do it because they want profit only especially if the coins was gained into bounty campaign, most of them don't know about trading in the market, but for the deep traders they sell when it is already necessary to do it. But all of it of course are still depend on the individuals.

It is too late to sell the cryptos. I am sure that if we stay patient and forget for some time about the market fall, it will be the best choice. I am sure, tokens and BTC will gain this year.

Selling now will not solve the purpose as currently market is down and mostly people would have bought at higher rates. So it is beneficial to hold the crypto coins now and sell it later on when the market start to run like last year.

[Jeremiesaranza]

That's look to simple for me. Didn't get it, frankly. And it depends a lot, every coin is a world. Selling ETC is a different game than XRP, some low caps are totally different...

[hicies]

In my view, if you want to sell coins, you should see the price movement first, if the price tends to decrease very badly, that's where the best place to buy, then 30% price movement will rise again. then that's the right time to sell the coin.

Well selling is always depend on the current price of the bitcoin, if the price is low, normally the people will do buying and holding bit if the price is high most of the people around crypto will do selling. Because we can really gain a huge amount of profit if we are going to put basis on the price. I believe that the price of the bitcoin is always unstable and if we don't put basis on price maybe we will lose.

It is upto you, if you need money for your financial problems then you should sell your coins today, but if there is no need for physical money then I think selling for low price is stupidity. If you are a trader then you will have to check the market trend every moment and then take your decision. When you realize that now I can make some money, you should sell with thinking too much.

[s31joemhar]

In my own opinion selling coins is the best opinion to do, to obtained profit for the benefit of our future. It will be better to sell it for the highest price wherein the demands are too high in order to have huge profit; a return on our investments after several months ago.

[tbterryboy]

On selling the coins the community itself had their own reason why they sell, other's do it because they want profit only especially if the coins was gained into bounty campaign, most of them don't know about trading in the market, but for the deep traders they sell when it is already necessary to do it. But all of it of course are still depend on the individuals.

It is too late to sell the cryptos. I am sure that if we stay patient and forget for some time about the market fall, it will be the best choice. I am sure, tokens and BTC will gain this year.

Selling now will not solve the purpose as currently market is down and mostly people would have bought at higher rates. So it is beneficial to hold the crypto coins now and sell it later on when the market start to run like last year.

Whenever the market price is higher than your cost price then you can sell for profit but if your cost price is higher than current market price of Bitcoin then you have to hold it in order to let the price increases and then you would be able to sell that time. One more thing that is called productivity, if you have it then you will diversify your savings into many sources and you will never sell for small profit if you are productive.

[Arthurian60]

Buying of coins is very easy. Anybody can buy and claim to be a trader. But the real issue is when to sell. When is the right time to sell after buying a coin? Sometimes you can be on profit and you will be tempted to leave your trade open for more profit and that's where the problem comes in. Once you are profit, sell off. Better with little gain than nothing a all. Don't be greedy when trading.

[Maricel2017]

In my own opinion selling coins is the best opinion to do, to obtained profit for the benefit of our future. It will be better to sell it for the highest price wherein the demands are too high in order to have huge profit; a return on our investments after several months ago.

You will benefited if the value of coin is greater than value when time of your buying, selling coin is good if you see a profit even small amount the important is your investment is gaining and not taking losses. But there are still investors are always panic because they are too scared of loosing money also there are no person that may predict 100% correct that is why invest the amount that you can afford to lose.

[Aivaryamal]

Everyone sets goals for himself when to sell digital assets and depends on his deposit amount, someone is enough and 2% of profit with a deposit of $ 100,000, and someone is not enough and 50% if his capital is $ 100.

[LeGaulois]

Buying of coins is very easy. Anybody can buy and claim to be a trader. But the real issue is when to sell. When is the right time to sell after buying a coin? Sometimes you can be on profit and you will be tempted to leave your trade open for more profit and that's where the problem comes in. Once you are profit, sell off. Better with little gain than nothing a all. Don't be greedy when trading.

It isn't a problem. Greed can be cured. Obviously, you buy low and sell high, if it's done correctly there is no problem taking place. If (while already in profits) people leave a trade open with the hope to earn a few more percentages but finally didn't. It just a bad trade. Doing it repeatedly make you a bad trader 

[alexyong342]

many golden nuggets in that initial infographic there, thanks for sharing

https://www.altcoinsidekick.com/blog/ignitus

dangers of groupthink and how your inbuilt biases, useful in most areas of your life

[dmty.0809]

Reaching the maximum profit for trading now is very difficult, I lose more than profit, and some of my coins hodl. If the price of bitcoin and altcoin goes up again, the capital plus the profit I get can get 50%. Hopefully it will be realized soon.

[charlotte04]

Most of us though would love to sell we just don’t do it. This is simply because we want to save the cake and eat it too! However, for a long term investor, when he gets the price right, he sells. This could be a considerably good profit or it could be a value with which a need of his could be fulfilled. But in addition to these aspects, there are far more intricate market related aspects that are taken into consideration by a day-trader before selling.

The day-trader simply wants profit. It is important how much profit he makes at every sell but it is more important what he made at the end of the day. Strategy, analysis, planning and control, all of these count.

The selling begins when the value of the coin starts shooting above the break-point. In this bullish graph, maximum benefit is reaped by the seller. It is important to note that selling is a continuous process. One begins selling as soon as the graph shoots above the break-point that the trader had marked.

When the graph hits a pinnacle until now in the coin’s life or for that particular day, maximum selling should take place until a significant resistance is noted. When resistance ensues, one can actually wait and watch after reaping the benefits to the heart’s content. When will this pinnacle be reached is nobody’s guess for we cannot predict what the market does. We simply go with what the market asks us to do.

So one has to plan very clearly one’s sells. The points and the value at which one sells is important. It is true that the earnings of a day-trader is calculated day-wise. But it is fine to wait for a day or two and compensate the earnings with better gains. If you have lesser coins and feel that the market will head even further bullish the following day then you may hold for the next day.

The one who studies the market thoroughly will be able to control his selling in the right way. And also when stagnation ensues around the break-point, it is better to hold the coins. When stagnation ensues at the pinnacle, one has to understand the behavior of the coin from its past patterns and take a call to either sell more or hold by expecting the market to soar further higher. But one important advice is to hold some coins always as part of investment as well as to be ready to sell when the market takes a sudden higher flight.

For me, when I decided to sell it currently for my trading plan if that was successful or a loss. But in the end the right way to sell if it is really the right way to choose from.

[meusyou]

Before taking any trading position, I always ensure that I know when to sell be it at +10% or even +5% and whenever I hit the target, I sell off without looking back. It's trading discipline and it is controlling greed.