How do you know when to sell?

[iv4n]

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?

it depends on your decision, you have to listen to your heart...

when you buy an altcoin and then the altcoin is bull then you have to sell it because it will most likely go down again but often greed is more heard. Thinking that the price of the altcoin you bought will continue to rise is a trap of greed. sell it when you've made a profit, no matter how big it is but you've already made a profit.

I will go with you Renampun here... people should follow their heart! Simply the price fluctuations are crazy... on a daily, weekly, yearly basis! Waiting for the bottom or top can be a missed opportunity, people should listen to their hearts and get in and out when they feel it's good for them! And to not regret a missed opportunities, they will come again... just don't rush, when we rush we make more mistakes!
One more thing... look around and when you see people are bearish you need to sell, when they are bullish you need to buy! Somehow market always does the opposite of what the masses want!

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[carlfebz2]

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?

Best time to sell is when you do already make gains and dont ask for more increase or percentage because this is where people do commonly commit mistakes on where they do tend to ask for more even they do had already the chance.

Dont make yourself greedy and secure while you can because earning opportunity doesnt really comes often thats why when you see greens then already secure it out.

With proper experience and knowledge towards the market then you can eventually point out on when those right timing in terms of selling and
buying and this will vary into each trader or investor.

[koang]

I think the best time to sell an altcoin is at its peak, which is when it first reaches ATH because if you miss the train it might be difficult to get it back.
But remember, you invest because you want to profit and not to become quickly rich.
So don't be greedy...

[Vaculin]

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?

yes, It was an individual decision and you must have to use your instinct. Sell at high and make good returns are what we aim for, so it means that once the price is shooting up, that is the time to sell them.

There is no such perfect time to sell as we never know the market, but it supposed to be done when it pumps. We'd sometimes regretting as after we sell our coins the price pumps more but it should not be a big deal, as long as we are already in profit, we have nothing to regret. We learn to be contented.

[Distinctin]

I think the best time to sell an altcoin is at its peak, which is when it first reaches ATH because if you miss the train it might be difficult to get it back.
But remember, you invest because you want to profit and not to become quickly rich.
So don't be greedy...

But the fact that we never know when it comes, it takes to have our own decision when to sell.

To be honest, talking about the best time to sell it certainly lies on us. If ever I say sell it now because it dumps by tomorrow, I don't think you will do it. Of course, you have to see the market first and have some analysis. To sell at the peak it was you who decide it and it was the best option and might be the best time as well. Only we choose those times that we think that we are in profit.

[GreatArkansas]

Another simple way is, this kinda sounds dumb but in reality, it could work.
How to know when to sell is very similar to how to know when to buy.
You know when how to buy, you should also know when to sell.

Try to invert your chart, and if you using supports and resistance, you gonna know. Your chart is inverted, you will enter (sell) trade on the breakout or dip right? So that's the time you can sell too. Opposite of buying.

[sumant]

Every trader want to sell at all time high. It's upto traders mind when he going to sell. Every traders has their own formula of taking profits. Some of them has buy with big money then he will be Profit in very short green chart. He might sell out on that point. Some will looking for bigger green chart. I would like to say selling is totally depends on traders mind when he like to book profit.

[perfect999]

How to know when to sell is very similar to how to know when to buy.
You know when how to buy, you should also know when to sell.

Not necessarily. All theoretical approaches may not work piratically. I mean unless you are too good in technical analysis then you will never get any idea on buying and selling with the help of same approaches. This is the reason most traders are fixing their target levels at 10% or 20% from their buying prices. This may work but definitely lead to big regrets when they miss big rallies.

When we are good in fundamental things then we can go for continuous holding without worrying about when or where to sell still the target booking level will be based on our idea and may not be at the trend revering price levels.

[Kelvinid]

How to know when to sell is very similar to how to know when to buy.
You know when how to buy, you should also know when to sell.

Not necessarily. All theoretical approaches may not work piratically. I mean unless you are too good in technical analysis then you will never get any idea on buying and selling with the help of same approaches. This is the reason most traders are fixing their target levels at 10% or 20% from their buying prices. This may work but definitely lead to big regrets when they miss big rallies.

I don't after that much, I already satisfied with the 5-10% returns unless if I can see a huge potential on the market rally. It is very important to have TA's but even we are good at this, still can't guarantee that it works perfectly, we can't really have that due to its volatility.

Sometimes it needs luck and hoping to have a right placing of the sell order. Well, I do mine, and I sell when I think it is the perfect time to do it.

[Fivestar4everMVP]

Well, for me, there's no particular strategy that works well, altcoins differ from each other and so are there selling strategies supposed to differ too, the best strategy I know for now is setting a target, but this does not work for every altcoin out there, one just have to know how good the altcoin he or she invested in is, this will help you determine a realistic price that altcoin is likely to get to or rise up to, then set a sell target there and wait for it to hit, this will require some discipline cus in between the current price of that altcoin and your set target price, there will be alot of ups and downs, if you know how to trade, you can seize that opportunity to sell high, buy more of that altcoin when it lows, then sell high again and buy even more when it lowers again, continue with this strategy until the altcoin finally hits your target sell price, at this time, you can sell and exit that altcoin for another or continue trading the highs and lows of the altcoin.
This is my best strategy so far, but I understand this can't work for everyone as this is easier to say than done, not everyone have the kind of patience required to apply this strategy successfully.

[Dollar_Hunter]

I think the best time to sell an altcoin is at its peak, which is when it first reaches ATH because if you miss the train it might be difficult to get it back.
But remember, you invest because you want to profit and not to become quickly rich.
So don't be greedy...

But the fact that we never know when it comes, it takes to have our own decision when to sell.

To be honest, talking about the best time to sell it certainly lies on us. If ever I say sell it now because it dumps by tomorrow, I don't think you will do it. Of course, you have to see the market first and have some analysis. To sell at the peak it was you who decide it and it was the best option and might be the best time as well. Only we choose those times that we think that we are in profit.

It's true that talking about selling or buying is indeed our decision.
and before doing that of course we also need to analyze market movements so that we can make the right decisions,
what is clear is that we sell when we make a profit

[genolica]

I think you should just involve yourself in technical analysis and data learning in the crypto market. Those learnings and guides will set as your guideline or stronghold resource whenever you are in doubt or need of assistance yourself if you are going to buy or not. Your techniques should include strategies and smart move or action points in the timeline to benefit from your action and take advantage and purposely sell it or some again for more profit. Good luck.

[aysg76]

CoinBureau is in my opinion one of the best crypto youtubers out there and not too long ago he published a video about exit strategies, how to recognize exit points and which indicators are available. The video lasts about 25 minutes, but it is really informative and easy to understand even for a trading novice:

When to SELL Your Altcoins: Complete Guide!! 📈

The video focuses on altcoins but the strategies presented can be used for BTC, too.

Seriously man he is one of the best and gives practical advices according to the market not making any false claim or promoting shitcoins in his channel.He has some Technical experience of the market as well and I started to watch his videos a year back when I was also suggested by one of the member.You can try to learn from him and along with it gain experience of the market, do research,read books,study the chart,have a look at news that can affect the prices of your coins.One of the strategy is to make profit for example you have invested at $500 suppose and the prices now are at $700 and you don't know next move just cash out your $200 profit and stand at your base of $500 and then notice the market reaction.You have to make your own strategy to struggle in the market and grow with intlectual mind and risk taking capabilities.Set your threshold limit upto which you can hodl.You will automatically come to know that whether to sell or not as there is no fixed time for buying or selling and it all depends on how you make effective choice at that time.

[Lakai01]

Seriously man he is one of the best and gives practical advices according to the market not making any false claim or promoting shitcoins in his channel.

Exactly. He even announces new videos about lesser known coins weeks before posting them on Youtube without mentioning a concrete date to prevent pumps and dumps. That's very honest in my opinion and shows, that he definitely doesn't want to manipulate prices with his videos whereas other crytpo influencers have no scruple to shill their own bags. 

[xmonkeyx]

sell when you are able to take profit even if a little, but will come back again how your trading strategy, whether you want to trade long term or short term. of course if you want to do trading in the short term you have to make a profit every time even if only a little and keep doing that and of course you will get a lot of profit. and if you want long term, save it until your target is achieved.

[ipanks]

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?

If the altcoin is pumping, that will be a good time to sell, especially if the price can reach our target price. Having a target price will be important so we can sell and make a profit. Besides that, we can prevent the greediness that will comes if the price increase higher. If you ask about when is the best time to sell, that will depend on yourself because we have different strategies for selling the coin.

Maybe you can sell the coin when the price increase by 20% from the price you bought. If that happens, you can sell it right away and do not look back to the coin because that can make you want to buy back the coin. And if you do that, you might buy the coin at a high price while you do not know if the price can still increase or not, and there is nothing you can do except hold for more if the price is down suddenly.

[abel1337]

If you are using Technical analysis, You can easily tell your selling point. There are few indicators to use to know your about to sell, RSI is my favorite indicator since it works for me the best. Checking if the coin is overbought during a large movement could help you to decide if you will sell or not. Trading action with basis could make your take profit worth it since it could identify the best possible profit you can get.

[Rexler]

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?

It's definitely an individual thing, knowing when to sell is very important in order not to lose out on the profit you have already made, I think the best way to know when to buy or sell a coin is through Technical analysis (T.A) , because with technical analysis you can predict the future price of a coin to an extent, even though it doesn't always go as planned since fud can come out anytime, doing a T.A will help alot in determining when to sell a particular coin.

[el kaka22]

One of the strategy is to make profit for example you have invested at $500 suppose and the prices now are at $700 and you don't know next move just cash out your $200 profit and stand at your base of $500 and then notice the market reaction.You have to make your own strategy to struggle in the market and grow with intlectual mind and risk taking capabilities.Set your threshold limit upto which you can hodl.You will automatically come to know that whether to sell or not as there is no fixed time for buying or selling and it all depends on how you make effective choice at that time.

Those type of strategies are the reason why people who know economics will always profit in the long run. Obviously you can never know which coins will go up at all times, there is no person who trades at 100% correct rate, however if you know what to do when going down and what to do when going up, if you are always ready for whatever happens, if you know why you should buy something at which time and when you should sell it, then you have a great deal of chance.

I have a friend who is a professional auditor (I hope that is the word, doing audit) and dude got into crypto in the worst possible moment at 2018 bear market and turned his 20k into 2+ million dollars, to be frank he did a lot of it during this past year but he was at around 120k anyway at the start of 2020 as well, which means 6x increase from 2018 to 2020 and in 2 years so that is still quite good, then in the bull market for the past 1.5 years he turned that into even bigger profit, how? Well he knows how economics works, crypto or fiat.

[Lakai01]

If you are using Technical analysis, You can easily tell your selling point.
-snip-

I don't see it that way, no. Indicators can certainly not be used to "easily" determine whether you should sell or not. Take a look at the RSI you mentioned in the BTC bull phase from January to early May. You would have had to sell based on the RSI at the end of March and would have missed out on a lot of profit.

An indicator is exactly what the name says, it points to something, but you can and must never rely on it blindly.