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Author Topic: How do you know when to sell?  (Read 2126 times)
Alisha-k
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September 20, 2021, 11:18:21 AM
 #221

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?
Knowing when to sell depends on your personal profit target. Before you buy a coin you should have a profit target in mind and once you make that profit it's adviceable you sell and wait for another dip before you buy again. The truth is no one controls the market you can only speculate and we all know it's not always accurate most times

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September 20, 2021, 12:58:36 PM
 #222

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?
nothing will work if it is still overwhelmed by the desire to keep getting more or because of greed. Never dream of a very large profit with a small capital. in trading we must be realistic in looking for profits so that it leads us to continue to trade over and over again by looking for modest profits in every trade. I think it's really worth it to avoid a big risk.



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September 20, 2021, 04:25:28 PM
 #223

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?
nothing will work if it is still overwhelmed by the desire to keep getting more or because of greed. Never dream of a very large profit with a small capital. in trading we must be realistic in looking for profits so that it leads us to continue to trade over and over again by looking for modest profits in every trade. I think it's really worth it to avoid a big risk.

Much better doing thigs like that, setting up your target and allow profits being pocketed instead of waiting for unrealistic growth

and regret when the value of such asset start to fall back,

You have to make sure that you are willing to wait and not to be greedy, that's really the very bad attitude if you are aiming for
good benefits from this business.

It's wise to understand your goal and execute it with decent profits.
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September 20, 2021, 05:10:31 PM
 #224

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.
If the strategy that you are using has sell targets then you need to respect them, however in such kind of strategies you need to also have a way to get back into the market in the case you sold your coins too soon and the bull market is still ongoing, I say this because many people panic when despite getting profits they sell too soon and then they buy once again but they do it too late and they do it for the wrong reasons, most of time for the fear of missing out and that is when the profits that you got on your previous trade can evaporate as you are no longer taking decisions by using a strategy but by using your emotions.

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September 20, 2021, 05:49:31 PM
 #225

Same in the case with me, most of the time that whenever i go some coins to sell then only the coins drop and when i sell then the coins gains its position, i don't know why this happen but many times this thing happen. Probably trading should be done through following some of the basic trading strategies, only we can get profit.

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September 20, 2021, 09:09:05 PM
 #226

The burden of knowing when to sell or get out of a coin that's been pumping is usually a very big problem for traders. But when to sell is when retail investors that is small Traders are chipping in to get a taste of the pump then you should know that the coin is near the top so be preparing to cash in on your profit

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September 21, 2021, 01:16:32 PM
 #227

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?
Actually when you want to sell depends on the altcoin, for potential altcoins such as ETH and BNB, I think there is no need to rush because this project does have good liquidity. And for example for other altcoins that have not developed well in the market, I think this depends on the strategy and determination of profit targets, because we cannot hold these altcoins. If the profit target has been achieved I personally immediately decided to sell it.
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September 21, 2021, 05:34:10 PM
 #228

There is no specific time for selling. But if the price gives you benefit, then you should sell that coin. Some individuals set a value, if the coin reach to that value then you should sell that coin. But if the price fall down then you should hold that coin and wait until the price become higher again.

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September 21, 2021, 06:21:26 PM
 #229

Yes It will depends on the individual When he thinks it's good timing and profitable to sell. I am selling with small profit not always it depend on the coins and then i seeing price up after i sold out then i try to pick newly for extra some profit.

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September 22, 2021, 03:31:51 AM
 #230

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?
indeed we can not escape from greed, if there is an opportunity to be able to enjoy the opportunities that exist. normal things are sometimes done, because of lust and not analyzed properly.
of course to remember too, that not all alt when pumping to increase we do not take any action. because usually what happens the opportunity will be lost. because only the best-ranked alts we can trust, other than that it doesn't guarantee that if we let go of the opportunity, it will disappear and not be on the exchange anymore. always analyze if the opportunity occurs in alt, because many alts are inconsistent.

Actually when you want to sell depends on the altcoin, for potential altcoins such as ETH and BNB, I think there is no need to rush because this project does have good liquidity. And for example for other altcoins that have not developed well in the market, I think this depends on the strategy and determination of profit targets, because we cannot hold these altcoins. If the profit target has been achieved I personally immediately decided to sell it.
I agree and believe in what you are saying, because many alts of course potential alts are something we can analyze. There is no need to be complacent when it increases, because it is possible to increase again, there are opportunities. indeed must always analyze well the movements that occur with also not be separated to see the movement of bitcoin.

it's true that if the target is in accordance with what we want, it is appropriate not to be greedy and keep waiting for it to increase again, because it could happen that the opportunity will be lost and it takes more time to wait for it to increase.

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September 22, 2021, 07:06:27 AM
 #231

I think that this is the most difficult task to judge for selling and buying. But it is not so difficult for those who know the technical analysis. Because professional traders buy coins from strong support level and sell coins at strong resistance level. We can easily find support and resistance levels from chart. And don't sell your coins in panic condition otherwise you will lose your funds. So, hold it tightly and wait for the best time for selling.

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