How do you know when to sell?

[conected]

I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell?

Depends on the market situation and what type of your trading. For example, I am a daily trader. If the market is in the uptrend, I will sell my altcoins if the price can increase 50% - 80%. But if the market is in a downtrend like in the current days, I mostly take profits once the price can increase 20% - 30%. I won't set a too high target for taking profits because I know it is difficult. Well, it is my own strategy, other traders may be different.

It's true that such a strategy is very suitable for day traders like you,
but again traders have their respective strategies depending on what they want to achieve,
What is clear is that to know when is the right time to sell we need to monitor market movements because otherwise we can lose the moment

- Monitoring will make us sleepless and uncomfortable eating, accumulation will only exhaust traders regardless of the type of trader, moments are not fixed times and a trader with their experience they don't keep their eyes glued on constantly and look at the chart too many times a day, they are more refined and work with the exchange better by their indicators and targets. Stop Loss and Take Profit are two levels set up to solve the situation where traders become addicted to the market, giving them more time and less thinking.

[1714173765]

1714173765

[Fredomago]

Maybe when the profit is pretty high than you could've expected, I think that's probably a good time to sell.
For me that's a pretty standard way to have a safe point when you are trading in bitcoin but you have to be really quick in making a decision because the market doesn't wait for you, it will continue to move no matter what.

If there's an opportunity to sell your asset with high value better to act fast, inside this market every market movements brings good

chance to everyone who wanted to earned dcently, all you have to do is to set your keep doing your research and make sure to have that nerve to risk your money, make sure that you have that trust with each participations that you made,

timing is really important within this venue of investment.

[john_nautica]

I am not really technical when it comes to deciding when to sell. I myself have a fair share of bad days due to bad trade decisions. But as long as I will gain a good percentage of profit, I will then decide to sell, especially that time is really a valuable factor to consider since decision must be made quick.

[oHnK]

Maybe when the profit is pretty high than you could've expected, I think that's probably a good time to sell.
For me that's a pretty standard way to have a safe point when you are trading in bitcoin but you have to be really quick in making a decision because the market doesn't wait for you, it will continue to move no matter what.

If there's an opportunity to sell your asset with high value better to act fast, inside this market every market movements brings good

chance to everyone who wanted to earned dcently, all you have to do is to set your keep doing your research and make sure to have that nerve to risk your money, make sure that you have that trust with each participations that you made,

timing is really important within this venue of investment.

In my opinion, it depends on the type of investor, for long-term investors, he already has a long enough commitment to sell his coin even though it has reached the peak of its momentum. There is a type that is short term, so this opportunity will determine why it should be sold. I'm a long term type who isn't too interested in the turmoil in the current market. Like a red day in the sky.

[Luqman]

but again traders have their respective strategies depending on what they want to achieve

Yes, another trader may have a different strategy, just use the most appropriate one and fits with your trading style.
Sure, each trader has their own goal and it probably requires a certain strategy. What strategy that best for the goal, only the trader knows it.

we need to monitor market movements because otherwise we can lose the moment

For a daily trader like me, it is very important to monitor the market. Momentum is the key, once lose the moment to take profits, it can be a problem and probably hold the coins for a longer time. It is not a big problem if the market is still going to increase. But if the market continues to drop, it becomes a problem for me.

[RokokGudangGaram]

How do you know when to sell? It depends, if it is crashing and it breaks the resistance it is better to sell it already rather than go along with the crashing price and when you are in profit just don't be greedy a 5% profit is already a good profit but when you already reach that profit a good strategy was to move your stop loss from negative to where you could take profit so if the market crash you already have a secured profit.

[viananda2525]

technically we could identify the earlier signal for reversal. usually traders look on divergence in big time frame chart,  recent dump on bitcoin could viewed from this technical indicator. Usually price will make structure lower high and lower low, when we see this structure be ready for quit from market. If we see it in big time frame , maybe in medium term trend will reverse. This is my way to analize when i have to quit from market and liquid my position.

[mamahdedeh]

technically we could identify the earlier signal for reversal. usually traders look on divergence in big time frame chart,  recent dump on bitcoin could viewed from this technical indicator. Usually price will make structure lower high and lower low, when we see this structure be ready for quit from market. If we see it in big time frame , maybe in medium term trend will reverse. This is my way to analize when i have to quit from market and liquid my position.

but we also have to be careful, because not every time the indicator will always be correct. Indeed, in that way, we can win many trades, but if the indicators do not go according to plan, then we must look at resistance as our benchmark to exit the market. Actually, it's just a matter of which system is comfortable for us to use

[nowlscor18]

You, I and anyone else will never meet the maximum profit, no trader really manages to sell at the peak on pumped coins unless it's luck and accident.
TA is useless if emotions dominate your trading. So let the TA do the most of the work and decide. That will help you set profit targets.

Yes, right now, you can't get the maximum profit since market prices really decreasing or experiences downfall. You can decide when you're going to sell it when you do some research on it about it's prices and when you think the price is good for you to sell it. If cryptocurrency experiences downfall then just learn to wait, be patience and always believe in it. Do some research and always be updated to help you set your target profit.

[Peanutswar]

If you are already makes an investment in bitcoin and altcoins why not invest in your knowledge too. One of the best ways to identify when is the right time to sell in the market is with the use of your knowledge.

There are different factors such as.
You can earn knowledge with the news about the coin you invested in.
You can earn knowledge regarding the market technical indicators and market trend lines by this you will keep aware yourself when is the reversal signal if bullish, or bearish market.

[Hamphser]

If you are already makes an investment in bitcoin and altcoins why not invest in your knowledge too. One of the best ways to identify when is the right time to sell in the market is with the use of your knowledge.

There are different factors such as.
You can earn knowledge with the news about the coin you invested in.
You can earn knowledge regarding the market technical indicators and market trend lines by this you will keep aware yourself when is the reversal signal if bullish, or bearish market.

These are the main factors that you should consider before making any sell on where you should at least have some indicators on where you should need to see first before making any further step because you cant really make some sell without any basis.

It wouldnt be worth if you do sell out when its already declining.Always try to sell when the market is on its peak because to think that whatever comes up must comes down which is always been a primary thing on a market like this.

We do have different takings and decisions to be make this is why outcome will vary into each other.

[darewaller]

One of the best ways to identify when is the right time to sell in the market is with the use of your knowledge.

Knowledge? I guess we have simple term for that for the trading environment: analysis. Yes, your selling decision should be analysis based. If you are making use of TA and FA for buying your coins then you must go for same TA and FA for selling as well. Because, you must buy when market enters into bullish trend (you may buy at the mid of bullish trend as well) and similarly you must sell at the beginning of bearish trend. So, making decisions for selling through TA and FA alone will help to avoid later regrets.

you cant really make some sell without any basis.

But, most traders do. They do exit at random levels after seeing some 5% or 10% of profits and they do not bother any indicators to tell them about the right to sell.

[dmamigo]

Signals, chart movement, the time frame chart, and market knowledge are important to execute a successful sale. Personally, I am still not that technical to identify the chart movement and analyze the signals accurately, I do make mistakes, and usually, my successful sale is based on market knowledge and other few factors. My teacher who taught me trading often helps me but the decision is completely mine along with the liability. I prefer and advise you not to take advice everytime or else you won't learn.

[Slow death]

without a doubt that this is the biggest difficulty anyone has, when investing in a project we cannot know when to sell, we cannot know what price X is the exact price to sell to protect our capital, it has happened to me many times to sell and then the price keeps going up and I regret it, but there were times when I sold and the price went down a lot and I was happy not to have lost money. in case of day trading the story is completely different, there are trend reversal patterns you can use

Signals, chart movement, the time frame chart, and market knowledge are important to execute a successful sale.

it only serves if it is to day trade, in case of buying a currency that is having a pump, it is very difficult to know when there will be a dump

[Obito]

I'm a long-term hodler so I do exactly know what price I am going to sell, I did try doing short-term for a little while and my instincts tell me that if the profit percentage is a green, I pull it out immediately and list the price I got out in my spreadsheet and then wait for the prices to go down again and if it's lower than the last listed prices, I will buy it again. Simple system although not a perfect one.

[coiner-88]

There are individuals who choose to close their position when they have of benefit or maybe, mentally talking when they are content with the profits. We need to take a gander at the moving business sector costs now and again and have expansive understanding that can uncover data or things that can influence value developments on certain coins,until we can decide the time-frame to begin it.

[livingfree]

I'm a long-term hodler so I do exactly know what price I am going to sell, I did try doing short-term for a little while and my instincts tell me that if the profit percentage is a green, I pull it out immediately and list the price I got out in my spreadsheet and then wait for the prices to go down again and if it's lower than the last listed prices, I will buy it again. Simple system although not a perfect one.

It is important to have a system like yours, not an actual software but a process where you're going to list the profits that you've made and how much you've bought it.

That makes you organized with your trading strategy and some might just go with this strategy and give them an idea that it's going to help them to be organize as you are.

[Nrcewker]

Multiple people will give multiple opinions.
But it’s only the you who needs to follow the right decision.
So basically what i do is set a certain limit when to sell.
Suppose I buy a coin for 1$ then i try to wait for 15% profit and sell it when it reaches the mark.
This is a safe play according to me. But yes you can gamble by increasing the profit percentage.
This is how you should do it OP.

[barbara44]

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?

First of all I do have targets before I start my investment. And I try to set targets with levels. First I start with what can easily be accomplished at the moment and then I move up high. And I also plan on how I’m going to execute the trade when I reach those targets.

So, what I am trying to say is that when I am trading any altcoin, I have a price in mind that I would like to sell at, and once I reach that level I look for the possibilities of that coin going up further, and I can decide to continue with the holding, sell part of it , or sell all. So, you have to be calculative, and also do your analysis, because that’s what is going to help you decide.

[Kittygalore]

It's a subjective to be honest because if you remove analysis on the equation, knowing when to sell is purely instinctual and goal oriented meaning that some people just have this gut feel to sell their bitcoin and others have reached their target price and they sell no matter what.