How do you know when to sell?

[nowlscor18]

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.

Yes, only you can tell when you're going to sell it. But for me, if I will be the one who is asked this kind of question then I will say that I will sell it if I already reach what my target is. But, it is good also that you will sell it during the increase of market prices and when you already reach your goal in it. You will receive high profit if you have patience. During downfall, I guess might hold your coins for you not to regret it.

[sana54210]

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.

That's trailing stop loss. For example you buy something at 100 dollars, and you put the sell order at 110, if it reaches 90 then you sell as well. So if it reaches 105, you turn it into 95 to sell and 115 to sell range, if it goes to 110 then you turn it into 100 to 120 range instead. You do not change the lower side though, so let's say it reached 150, and you will sell at 140 and sell at 160 in that logic right?

If it goes to 140 you sell it, you do not drop your sell as well just like you increase your profit taking. This way the higher it goes the higher you wait but as soon as it starts to drop you start to sell it as well. It is trailing method and it works like charm in a very volatile market, it doesn't work at all in a boring market like the one we have right now for example, it barely moves these days and it is always stuck between same prices.

[bitcoin-shine]

I actually do a simple trick with it .I just set a price where i really wanna sell my coin i don't get panicked after it and i never ever forget to set my stop loss .Fortunately i never fall to touch and hit the stop loss .Its  because i never buy any shitcoin which can pump within a second and get lost within second .I wait patiently after entering the market and hold my nerve until i get my goal .

You are amazing. It is difficult for me to do it.

[MinoRaiola]

The Bitcoin course has experienced many ups and downs in the past, there will always be good chances of selling at a profit. How big the profit margin is is at your own discretion. The right time is therefore a matter of your own opinion. Alternatively, risk something with Altcoins and you will be able to make profits without much greed. Regular sales can lead to trading and that costs fees that can be saved.

[Karish2return]

I study the coin through the websites and the graph of the coin through which I can take some advantage and which can help me to sell the coin in a profit, even I can sell it in a less profit but not in loss at all in most of the situation. So, you have to study the coin from different areas, which will give you the benefit.

[Oilacris]

I study the coin through the websites and the graph of the coin through which I can take some advantage and which can help me to sell the coin in a profit, even I can sell it in a less profit but not in loss at all in most of the situation. So, you have to study the coin from different areas, which will give you the benefit.

Research should always be a part because taking any step without proper knowledge and basis is basically gambling and that kind of mindset wont work out on this crypto field

because you would most likely end up on loss.Sell on profits and this is the main target of all investors but making decision would really vary from time to time because we do have different decisions

on certain conditions and outcome of your trades will be affected by lots of factors but due to experience you would really able to handle it out but expect that losses is inevitable
what matter most here is that you do profit in the end of the day.

[gabbie2010]

There are individuals who choose to close their position when they have part of benefit or maybe, mentally talking when they are content with the profits. The take benefit could be in bunches however independent of what technique you concoct, your underlying venture ought to consistently be gotten as the market particularly that if altcoins is entirely flighty.

Well many of us assigned how much percentage we will consider before selling , Like me i am targeting 100-150% profit when i am considering long term holding but when I'm into short term? at least 15-25% is more than enough for me to sell out and then look for another coin to buy back.
But of course this is not about my Bitcoin because for the highest ranking coin i only reserve a time and not a percentage meaning i will sell if i declare at least 6 months to 3 years of holding.

I like your idea of taking profits long term and short term basis personally I am a short term trader my target is 15% profit once the price move in my direction I manually close my trade because of the likely reversal of the price especially now that the market had not been trending well in this bearish season I always consider the  volatility of cryptos although I usually deploy TA to determine where to take profit especially RSI indicator had been very helpful coupled with manually drawn support and resistance zones where the price may likely reverse.

[Issa56]

Seriously I don't believe there is any specific time when you have to sell your coin I just believe before you enter market you must have a target, you should have a entering price and when to sell. But sometimes I believe whenever you think the price is high you can definitely sell and enter again whenever the price is low. In trading everybody is having target and sometimes you have to wait to attain your target before selling the coin depending on the way you are seeing the coin but sometimes you don't have to attain your target before selling if you notice the market is not that good.

[JohnBitCo]

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 you need to draw support and resistance on the chart. You should have some knowledge of MA and EMA , fib. ext to know all about them.
Once you have this understanding, then you can short or sell the coin at the resistance. This way you will have more chances of selling at the right time. Most people sell early and then regret.

[amintet83]

I think you need a smart strategy to enter and exit the market since crypto is so volatile and moves very fast up or down. To make money in crypto you need some experience plus knowledge of course. You have to lose money in order to make money later on. My own strategy for selling the market is not waiting to catch the ultimate top because it will never happen and if it happens , it's pure luck or a rare coinscidence, instead try to have a selling plan distributing your bags gradually and slowly up to the top. Good luck

[thesmallgod]

The best time is the time you have set and you take off profit when it reach that. One of the greatest mistakes is not having in mind how much profit you intend to make from a coin, This is very important because it shows you have plan for every of your moves and this is exactly what happens when you are a crypto trader but refuse to take profit when the price has gone up above the amount you have in mind

[carlisle1]

The best time is the time you have set and you take off profit when it reach that. One of the greatest mistakes is not having in mind how much profit you intend to make from a coin, This is very important because it shows you have plan for every of your moves and this is exactly what happens when you are a crypto trader but refuse to take profit when the price has gone up above the amount you have in mind

You need to have such goals if you wanted to earned decently from this venue of investment,

not setting your target is a big No since the market is so volatile as in any moment the momentum will change a lot.

If you have good plans and you can stick  with it, your chance of gaining good compensations is really good. Make sure not to use too much emotions.

[lightning0]

It is not easy to make a profit in the trading market, so you need to do better than others, and be better than others in some trading rules and strategies. I just summarized everyone's discussion in the last post. helpful.

1. "Fear the market and always keep a clear mind; the lesson of loss is more than profit; don't put most of the funds in the exchange" (find a trusted exchange) to ensure your transaction;

2. Greed is a big taboo, and stop loss is a common operation;

3. "A lot of investigation, analysis, and trading strategy should be made before trading, and then invest again";

4. "Ignorance, FOMO, greed and panic are the most important things to avoid in trading". Control your emotions;

5. Check, review and correct your own transactions;

6. Control your own trading risks and continuously enhance your learning awareness;

7. Follow the trend and operate self-discipline.

https://bitcointalk.org/index.php?topic=5348667.msg57440402#msg57440402
This is the link to the content of the previous post

[Luqman]

The best time is the time you have set and you take off profit when it reach that.

Unfortunately, the price won't always reach the target. Sometimes, after buying and setting a specific price as the target to sell, the price of the coin drops constantly. Some people can feel frustrated and decide to sell immediately. Because of this, I don't want to specify a certain time as the best time to sell. In my view, when we sell our coin, should be the right selling time. The right time or best time isn't only determined by the number of profits but how important it to sell the coin at that time.

[breathlessz]

The best time is the time you have set and you take off profit when it reach that.

Unfortunately, the price won't always reach the target. Sometimes, after buying and setting a specific price as the target to sell, the price of the coin drops constantly. Some people can feel frustrated and decide to sell immediately. Because of this, I don't want to specify a certain time as the best time to sell. In my view, when we sell our coin, should be the right selling time. The right time or best time isn't only determined by the number of profits but how important it to sell the coin at that time.

in crypto trading we often don't get a resistance area on the left side of the market, often a new ATH is formed. therefore we have to be careful when we come across something like this, because at any time the price can dump. unless there is a resistance area on the left, then we can sell in that area, and for me the important trade is getting a profit, and being able to reach the target we set

[dustboy]

The best time is the time you have set and you take off profit when it reach that.

Unfortunately, the price won't always reach the target. Sometimes, after buying and setting a specific price as the target to sell, the price of the coin drops constantly. Some people can feel frustrated and decide to sell immediately. Because of this, I don't want to specify a certain time as the best time to sell. In my view, when we sell our coin, should be the right selling time. The right time or best time isn't only determined by the number of profits but how important it to sell the coin at that time.

You need to have some different target at which price you are going to sell your coin. Depends on how many percent of profit you are willing to get. Lets say you set your target at 25% 35% and 50% profit so you need to divide your asset into that 3 target. Once you reach the lowest target then you can change the higher target based on the latest market condition.

In case the price dropped constantly after you bought the coins, you can do CL if you see that the price if going to drop again and again so you can buy it again with lower price. I have to agree that the best time is not based on the profit, the best time to buy and and sell is the time when you know that it is the right time to do it based on your own researches and strategy.

Every trader has their own strategy, target, and limit for their trading activities. The most important thing is, spend your money wisely and do not use your main money for trading if you are not ready to lose it.

[Fredomago]

in crypto trading we often don't get a resistance area on the left side of the market, often a new ATH is formed. therefore we have to be careful when we come across something like this, because at any time the price can dump. unless there is a resistance area on the left, then we can sell in that area, and for me the important trade is getting a profit, and being able to reach the target we set

If you understand well the formation, it's  a good basis to avoid making mistake in deciding when to let go if the market is not moving according to how your percept it.

You must know your target having a good stop and loss will allow you to adjust and see how will you manage to gain compensations.

Be always active with the patterns and strategy that you are using, it's not easy but it guides you to anticipate the possible market next movements.

[dotcoin.info]

Personally, I trade for my own purposes.
First, I determine how much profit I want to get from each specific coin, then, when the goal is achieved, I sell some of the coins and see what happens to the market next.
I leave some of the coins intact in case my expectations exceed themselves.

[jossiel]

Personally, I trade for my own purposes.
First, I determine how much profit I want to get from each specific coin, then, when the goal is achieved, I sell some of the coins and see what happens to the market next.
I leave some of the coins intact in case my expectations exceed themselves.

We're all trading because we've got our own purposes and that is to make money.

We sell when there's a profit that we see and sometimes we have to sell so that we can cut our losses in the long term. There are times that our plans won't be met but as long as the profit is already there.

We're taking that profit as soon as possible so that the capital we have during the start will be recovered.

[Fatunad]

Personally, I trade for my own purposes.
First, I determine how much profit I want to get from each specific coin, then, when the goal is achieved, I sell some of the coins and see what happens to the market next.
I leave some of the coins intact in case my expectations exceed themselves.

We're all trading because we've got our own purposes and that is to make money.

We sell when there's a profit that we see and sometimes we have to sell so that we can cut our losses in the long term. There are times that our plans won't be met but as long as the profit is already there.

We're taking that profit as soon as possible so that the capital we have during the start will be recovered.

You are right and when it comes to decision making then this would be entirely be depending on someones own will and mindset because people are way too different on making that one.
We do have the main aim which is to make money but doing all sorts of things will really be different to each other so profitability does really differ depending on how you do all sorts of things.
One priority or aim is really on profits but due to some factors like fear, greed and way too impatient then this will really affect you badly which would result into
missed opportunities or selling way too late but as long we are on greens then that would really count.