How do you know when to sell?

[leea-1334]

What exactly are you trying to say here? Use your own intellect? The whole point of trading is not to follow your instinct or intellect but to follow what the numbers tell you to go, depending on the strategy you use.

As a trader, you need to know when to sell and how to set targets to gain profit. It depends on your strategy on how do you use it or how you do it. If you have made a decent profit, which means anything more than a doubling and tripling of your initial investment based on your latest price, then given the recent volatility many personal finance experts say it maybe a good time to sell an amount equal to your original investment up to 50% of your holdings.

After my comment talking about most people here spewing nonsense and clearly demonstrating that they actually have either never traded or do not even know what they are talking about, I have 3 more people quoting and spewing more nonsense.

You,,, show me one expert who says what you did, since you are saying there are many such experts:)

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[bakasabo]

For me, there is no good or bad time when to sell. Everything depends on situation. In case I'm really short of fiat or in desperate need of it, I will sell my crypto at any price. In all other cases, when you sell today, you must understand that tomorrow the price would be either better, or you would have better opportunities to achieve something. That is it.

[dotcoin.info]

I noticed that more often than not, coins that grow unexpectedly by 70-150% are then spent on a correction of about half of the growth.
If you see that your coin has grown so much with a static bitcoin, then do not doubt that a rollback awaits it, which means this is a great chance to take profit.

Mostly I take profit when I got some 20-30% especially this days that market is very volatile you cant trade perfectly so even small profit is good even its goes parabolic atleast you have already take profit the worst is you keep holding for more profit and crashed hard the other day and you left at the top thats very unfortunate. 

20-30% is a very good result if you are a trader. But if you are a trader, you should try to trade in every possible plus.
I prefer investing, trading is too emotionally expensive and risky, it is contraindicated for beginners.

[seleme]

For me, there is no good or bad time when to sell. Everything depends on situation. In case I'm really short of fiat or in desperate need of it, I will sell my crypto at any price. In all other cases, when you sell today, you must understand that tomorrow the price would be either better, or you would have better opportunities to achieve something. That is it.

If you need the amount you invested better to sell and reinvest when you have spare money. Otherwise, no need to wait forever for 10x ROI, the worst option is to sell when prices are down badly. Unless having an alternative option, using the indicators to detect top price and sell it is the best method, in my opinion. The limit orders are the best method to catch the highly volatile wicks of the candles on small timeframes, if you are lucky you can sell the ETH at the $5k in case of market goes crazy and liquidity dries up on the exchange.

[elisabetheva]

For me, there is no good or bad time when to sell. Everything depends on situation. In case I'm really short of fiat or in desperate need of it, I will sell my crypto at any price. In all other cases, when you sell today, you must understand that tomorrow the price would be either better, or you would have better opportunities to achieve something. That is it.

in the end, needs must be a priority in living this life, it's true that you said there is no special time to decide to sell or buy, just adjust it to the needs that we will do. because everything will go back to normal and when you buy again then the possibility will increase will still happen and there is no need to hesitate to continue investing. there is always an opportunity to be had if we want to try.

[Karish2return]

There is not a proper understanding or i can say way but it's all about the traders that how can he manage it and which coin he want to sell. Analyzing is the key to selling any coin. First of all we should analyze the coin and then working on it.

[lienfaye]

There is not a proper understanding or i can say way but it's all about the traders that how can he manage it and which coin he want to sell. Analyzing is the key to selling any coin. First of all we should analyze the coin and then working on it.

I have many experience of gaining from the coins that I invest in but opted to wait further because im greedy to earn more. Thus I learned my lesson and aware now that its a must to have a plan and set price on when to sell.

Taking profit at times is not a bad thing, instead its an assurance that you already enjoy some of your profit while still waiting. If you already gain, then sell some of your coins, sometimes having contentment can lead you to the right decision to make.

[yohananaomi]

-snip-

for a coin is relative or depends on our thinking when to sell. but I personally think we can make a sale when a coin has increased and we can see the potential of the coin, if the coin seems feasible for the long term we can sell 50% and 50% can hold. but if the coin's potential is not good maybe we can sell and shift the profit to another coin with more potential

The exact way you are doing is indeed, we have to anticipate what we will do from what we have, because all analysis is needed which is also very important before doing what we are going to do, because it is possible to analyze the possibility of mistakes going on.

The action to see which coin we have has the potential or not is to follow the trend that the coin is doing, if it has the potential for the future I better agree to remain hold. but if in doubt will divide it in half and will point it to another potential coin so that if it happens We don't all experience losses because there are backups from other coins. Observation is certainly very important if we believe like you said that the coin is not good, it is indeed a good idea to sell immediately.

[Masplanc]

The best time to sell is when the price is dropping gradually and you are not sure not about the market if it will certainly come up, you feel their may be lost if you keep on trading. I think at this best point this is the best time to sell

[Hobo66]

It is not clear that when to sell. But it is necessary to buy coin when the price is low and if the price become pump then you should sell that coin even the pumping is low.  The best time of selling is when the price become elevated.

[excro]

snip

It all depends on the trader himself. There's no special time to sell, you have to sell when you feel like it, when you think Bitcoin is at it's highest.

[death69]

For me, there is no good or bad time when to sell. Everything depends on situation. In case I'm really short of fiat or in desperate need of it, I will sell my crypto at any price. In all other cases, when you sell today, you must understand that tomorrow the price would be either better, or you would have better opportunities to achieve something. That is it.

If you need the amount you invested better to sell and reinvest when you have spare money. Otherwise, no need to wait forever for 10x ROI, the worst option is to sell when prices are down badly. Unless having an alternative option, using the indicators to detect top price and sell it is the best method, in my opinion. The limit orders are the best method to catch the highly volatile wicks of the candles on small timeframes, if you are lucky you can sell the ETH at the $5k in case of market goes crazy and liquidity dries up on the exchange.

Limit order is only good in centralized exchange but there are tokens/coins which requires you to trade on Defi swap. And as you know, they do not have the limit order option. There are bot assisting people to make such kind of orders but I have never used them.

snip

It all depends on the trader himself. There's no special time to sell, you have to sell when you feel like it, when you think Bitcoin is at it's highest.

It is important to set your target in investing because if you dont, you might regret selling your coin.

[MIner1448]

I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell? I feel as though every-time I am in a coin that starts to make some good gain I leave it to long to sell..Anyone else do that. I heard it is because of greed, we star imagining all things we can do with our new profits, but the longer we leave it the more chance of not making good profits. Does anyone have a good strategy for knowing when to sell?

There is no clear answer to the code and never will be. In general, I am sure that when you analyze all the coins at once, you are scattered and miss a lot, in order to know with confidence when to sell, you need not to scatter all the coins and projects at once, you need to choose a couple of coins for yourself and constantly analyze them, without being distracted by other projects, after that experience and understanding will come when it is possible and necessary to sell them.

[Mamun74]

When token price up and what i want to expect then i sell. But it doesn't happen Every time.Then when i sell no matter price up or down.It's depends on situation. When you make long term holding, i Think long term holding can get good profit in future but short time hold to get small profit.

[sujonali1819]

The best time to sell is when the price is dropping gradually and you are not sure not about the market if it will certainly come up, you feel their may be lost if you keep on trading. I think at this best point this is the best time to sell

This is right but here also you have to pick it at the right time. And the right time is when it start dumping it's first wave. Because if you do late you may sell the token somewhere , when it can back to up from there. If you see it started to go up after selling your coin then you become panic and start to buy again the coin. But this time you have to buy with more price than you sell. Thus you also can lose.

In my opinion to find the correct time you must have to experienced and also the chart analysis.  or just hold and see watch the market.

[DarkDays]

It is not clear that when to sell. But it is necessary to buy coin when the price is low and if the price become pump then you should sell that coin even the pumping is low.  The best time of selling is when the price become elevated.

True it may not be clear when to sell but this can be helped when one has a plan.

Sometimes you have to go with your guts but sometimes it works out even better to work out the plan and execute after. It gives you time to work out the numbers and prevents you from acting rash. And sometimes putting unrealistic targets may not help, always waiting for those numbers only they never get reached - it is also stressful.

[Cling18]

I set a target goal and I usually decide to sell once I reach it. It's hard to decide sometimes but having a concrete plan is an advantage. It's.important that we'll know when to stop holding and when to continue. Setting a target goal and following it could keep us away from greediness or aiming for too much profit which could just lead to losses in the end.

[Fredomago]

It is not clear that when to sell. But it is necessary to buy coin when the price is low and if the price become pump then you should sell that coin even the pumping is low.  The best time of selling is when the price become elevated.

True it may not be clear when to sell but this can be helped when one has a plan.

Sometimes you have to go with your guts but sometimes it works out even better to work out the plan and execute after. It gives you time to work out the numbers and prevents you from acting rash. And sometimes putting unrealistic targets may not help, always waiting for those numbers only they never get reached - it is also stressful.

Stressful when too much expectations are on you, it's tough to say when the market will favor your target, especially with the high volatility that we are experiencing inside the market.

You need to know how to adjust because even you already set your goals there are instances that you need to change things out, the good thing is you don't need to rush, you have time to think and decide when you already convince if you need to let go much earlier or you can keep holding and try to wait for some time.

Decision making is the tough part of this business, but following your own understanding helps you not to pressure yourself but to accept whatever the outcome that may take place.

[Wawa2013]

I set a target goal and I usually decide to sell once I reach it. It's hard to decide sometimes but having a concrete plan is an advantage. It's.important that we'll know when to stop holding and when to continue. Setting a target goal and following it could keep us away from greediness or aiming for too much profit which could just lead to losses in the end.

I agree that we must be disciplined with the target sell that we have set, if we have already reached the price according to our target, sell right away.
Never put it off, because we want to get a bigger profit, greed will only lead us to loss. If our target has not been achieved we must be able to be patient,
because trading does require patience.

[LUCKMCFLY]

I set a target goal and I usually decide to sell once I reach it. It's hard to decide sometimes but having a concrete plan is an advantage. It's.important that we'll know when to stop holding and when to continue. Setting a target goal and following it could keep us away from greediness or aiming for too much profit which could just lead to losses in the end.

I agree that we must be disciplined with the target sell that we have set, if we have already reached the price according to our target, sell right away.
Never put it off, because we want to get a bigger profit, greed will only lead us to loss. If our target has not been achieved we must be able to be patient,
because trading does require patience.

It is satisfactory when we decide to sell and obtain the profit that we set out to do, but has it not happened to you that you have cut your profits? That is, in trading when we take profit sometimes we realize that the price continues to rise or move much more in favor, if we cut that profit, we would be cutting much more than we can earn, is it not better to extend the profits? That is, my technique is very subtle, if I see that I reached my profit, why not let it go? and just move the Stop Loss? until making the Stop Loss look like a take profit.