How do you know when to sell?

[AakZaki]

The right time to sell is when the price is overbought or the price is at its peak or at the top resistance.
But in general the best time to sell is when you've earned a few percent profit and then sell it. Usually it has been determined in advance what percentage of the target to be achieved. It all depends on the initial strategy, but technically Overbought Resistance becomes a benchmark for selling assets and depends on the Time Frame how overbought will be seen.

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[Dewi Aries]

I think it is depends on what coin that i hold because if not a big coins, i prefer to be safe than gain. I mean there are bigger chance other altcoin can be dumped hard after pumped especially some new coins that just listed. So it is better to take profit immediately if we see there are good chance to sell our coins.

[Ryker1]

Well, you can use a tool on this like market price tracker and the last one is automated trading tools to execute orders so sell if you are in trading.
But it is very simple to determine a good project to hold if the team is still active in the community, there is a chance that the coin will grow but if the scenario were opposite and perhaps that coin will become shitcoin that totally did not have value in the market. However, you can also get profit if you will see that your profit was there and that is the right time to get profit. Cryptocurrencies in nature are not predictable, --which means there is no way to know when to sell.

[Rengga Jati]

-snip-

I will simply set a certain target of price rising up to take the profits. I am learning from my own experience while being too greedy by not taking profits when it has reached more than 20% and the price is dropped. Well, I am sure that everybody has a different target. However, I personally always use around a maximum of 70% of my asset to trade after reaching a certain increasing-price during 24 hours, and of course, it must be balanced with analyzing the market changes. And then the least will be saved for long term investment (but of course this is only for top coins if you are trading hype coins which ar every very risky, you must as soon as possible taking profits if it has reached your own profit target because may be falling down very deep after rising up. watch out for this kind of shitcoins). DYOR

[harizen]

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 it's because of greed then expect that no one will sell even it's pumping because of the mindset that the price will increase more.

When to sell? It depends on how you looked at the situation. Create your own criteria as following others might not work for you.

And more importantly, trust your analysis. If you want to sell, then do it without hesitation. If the price goes up more, then just wait patiently for a downtrend. Don't feel regret for it as you can always take a chance to make an entry. As you progress, that question should now be easy for you. Experience will tell you how to deal with that.

[Ziskinberg]

There is no hard to determine when to sell. If you bought Bitcoin at $32k and when it reaches $38k, you can sell it. I'm not seeing it was a perfect price to sell but at least we gain some profit. And in the first place, we never know when exactly the market will pump even we use trading tools or anything. I'm not aiming for x10, x100, so if there is a chance and I know I was already in profit, I'll take those opportunities, instead.

[target]

There is no hard to determine when to sell. If you bought Bitcoin at $32k and when it reaches $38k, you can sell it. I'm not seeing it was a perfect price to sell but at least we gain some profit. And in the first place, we never know when exactly the market will pump even we use trading tools and anything.

And you also don't know when the price is going to dump. It could happen so quickly you can't even click your mouse yet and the price could dump as low as 20%. So when you profit a little and you see it's almost unlike to happen when there is no news that causes its leap, sell it. Taking profit is not bad, its normal that the price will always be dragged down when you know people are going to dump before you.

[BitTraderCute]

if we talking when to sell based on technical analisys its complicated, but if we talk in another side i am suggest to sell when we got enough profits for ourself. enough profits for each traders will be different, some one maybe need to 100% for each trade , but for another traders 20% was enough to close his position. once again its depend on how greedy we are .

[isaac_clarke22]

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I never held any alts, but if it is a profit I would sell as much as possible already. It might seem that I am panicking but most alts tend to dump harder when BTC dumps so I would not just leave that coin in my wallet.
I am all into BTC not alts.

[maydna]

if we talking when to sell based on technical analisys its complicated, but if we talk in another side i am suggest to sell when we got enough profits for ourself. enough profits for each traders will be different, some one maybe need to 100% for each trade , but for another traders 20% was enough to close his position. once again its depend on how greedy we are .

if we want short-term trading, I think 20% profit for each transaction is very good, in contrast to long-term trading where 100% may feel less to take profit. and I think 100% can also be achieved in a short time, when the price is experiencing a pump. The main thing is that we must know when to get out of the market, don't be controlled by greedy feelings

It is not easy to make a 20% profit in short-term trading as the market will not always give that chance. But as long as you can see enough profits, that will be good for you to sell and make money. Perhaps, 10% profit in short-term trading will also be good as this percentage can be seen many times at the market, which will not make us difficult if we want to make a profit. Sometimes, we will get more bonuses from the market because the price will experience a pump that can comes anytime.

[Mpamaegbu]

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...

You're absolutely correct about leaving the profit to run because we start imagining things we could buy with it, the cars and posh things. Well, it's the insatiable appetite in every man. There's nothing wrong in doing that. However, you've to be certain you know why a token you're holding is pumping before selling off. If it's pumping because there's an incoming development or programme or collaboration, then still hodl it. Selling off at that point will be premature. But if a token is pumping because someone who has a large subscriber base or followers said buy, then just take your profit immediately it gets to your risk level and run for it's a pump and dump.

Does anyone have a good strategy for knowing when to sell?

There's no holy grail. Trading is speculative in nature. Your best bet will be to rely on leading indicators and if there isn't any news to distort it, price will surely do what the indicators predict it will do.

[nowlscor18]

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?

As long as I've made a gain, that's all it. There's no need to wait for any moment that it will go more than the gain is, as long as I'm very much satisfied with the gains that I've got with it, I have no other complaints. Especially if that alt is about to be dumped by me and I'm only waiting for the right moment for it to sell. You can hold for long if you truly believe what's on it. And you just do the typical strategy, you sell at profit and wait for it to become cheaper to eventually buy back.

Yes, I totally agree. As long as it reach to the peak of the amount you wanted then it is already ready. When you know you already reach your goal on it and you think your satisfied for the amount and you've gain a lot then there's nothing to complain. You can hold or wait when it experiences downfalls because everything is worth the wait.

[posi]

Crypto trading is risky and no one know the perfect time to sell cause market prediction will never provide 100% accurate result but what's important is you understand the risk involve in crypto market, understand the promising level of the project/coin you picked interest in and set an exit plan.

[Maslate]

Crypto trading is risky and no one know the perfect time to sell cause market prediction will never provide 100% accurate result but what's important is you understand the risk involve in crypto market, understand the promising level of the project/coin you picked interest in and set an exit plan.

It just only pure speculation, we live in this market where we are not 100% about the incoming. We never know when to sell and as well as when to buy. We usually use our common sense and this is really hard for those who are not good at this. What I mostly did in making a decision when to sell, is when the time has come that I'll be seeing some profit.

[TheGreatPython]

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?

You can’t tell the right time to sell in the cryptocurrency market. The best thing to do here is to have a target, and when you reach that target, you sell your coins. Just like you said when the price goes up, you can sell your coins once you have made enough profit and not leave it there for long because leaving it there for a long time means that you will be at risk of losing it. When you try to get everything, you end up not getting anything at all. The price of bitcoin moved from below $10,000 to $40,000 and some of my friends sold a percentage of their coins.You can be taking a percentage when it reaches a new milestone.

[unusualfacts30]

Knowing a perfect time to sell is hard for any trader. Everyone wants to make most amount of profit and don't want to exit just to find price jumps 10x from their exit.

1 - Use Technical indicators - They were created so people would not get entangled in emotions when doing a trade. When you are overwhelmed by your emotions you are going to make decisions that might not be beneficial to you. There are many TI available, choose the one that fits you trading style.

2 - Don't get too greedy with your investment - Greed is hard to manage trait for investors. You can manage it only by constantly working with yourself and knowing when you are getting too greedy. There are tools available like the one I mentioned above but you'll have to do all the work yourself.

3 - Always set a target before you enter any trade - Choose a reasonable exit before you make any trade. Stick to it! If market goes higher than your exit point, don't worry about it. This is where TI comes in play that'll help you get most amount of profit.

[Ziskinberg]

Crypto trading is risky and no one know the perfect time to sell cause market prediction will never provide 100% accurate result but what's important is you understand the risk involve in crypto market, understand the promising level of the project/coin you picked interest in and set an exit plan.

It just only pure speculation, we live in this market where we are not 100% about the incoming. We never know when to sell and as well as when to buy. We usually use our common sense and this is really hard for those who are not good at this. What I mostly did in making a decision when to sell, is when the time has come that I'll be seeing some profit.

People think trading is profitable, that's a wrong perception, trading is like gambling, when one wins the other loses. It's very simple to understand,  and it's necessary since it's a basic knowledge everyone should know before they start trading so they'll always make a realistic action.

the words "speculative market", means it's a prediction game, you win, you lose, that's the game.

[lixer]

People think trading is profitable, that's a wrong perception, trading is like gambling, when one wins the other loses. It's very simple to understand,  and it's necessary since it's a basic knowledge everyone should know before they start trading so they'll always make a realistic action.

the words "speculative market", means it's a prediction game, you win, you lose, that's the game.

Well, it is a bit different than gambling. In trading you may or may not make a profit and it is "gambling" in the words sense, you risk something and you may win or lose. However the real gambling has house edge, which means you will always and always lose in the long term, there is no scenario where you will end up winning in gambling as long as there is house edge, this doesn't mean you will lose each time, obviously there are times when you win, but in the long run house edge will cause you to lose all of your money for sure without a doubt.

This is why I think it is quite obvious gambling and trading are different things, I personally believe that there is a good chance we could end up with profits in the trading world, it is not going to be that simple but it is definitely out there and possible. So that is the difference between those two things, not similar at all.

[shushu9977]

when the alt coin is pumping, then it is not easy to sell all coins. Previous two or three month ago, it was record highest pumping of all coins. Then, I sell 30/40% alt coins and Now I am thinking,  if I sell all of coins. I lose my token now because of dumping alt-coin price, so, whenever,  you got a huge profit or good profit, you should sell 90% altcoins.

[carlisle1]

To sell at High, of course. But the question is when?
In that case, it was an individual decision. It is a need for us to analyze the market so well and think we become lucky to sell it at the highest price before it falls.

I certainly can't tell you nor someone could tell that. The only thing I can suggest to you is not to be greedy, having 5-10% was enough for me.
You have to set a target price when to sell, this will help you to determine when to sell.

You need to set your target according to how you understand the movements,
buying low and selling high is very common to hear or to read when in terms of trading investment,

But how good you are in making the right decision or taking the right position placing your buying  and your selling orders.

It's more on your instinct and knowledge when deciding for your investment, the more you understand things inside the better you analyze your position.