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Author Topic: How do you know when to sell?  (Read 2810 times)
TheGreatPython
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February 12, 2022, 07:09:17 PM
 #61

It is very difficult to know what the price is like before selling a coin. If you sell, the price will definitely go up, this always happens to me Cheesy
But if you are holding it, the price starts to drop suddenly and sometimes you may have to hold it for years without selling. This is so annoying. If you want to make money, you must set target prices. When it comes to that price, you can sell the coin in your hand. This is the most reliable way Smiley
Just make sure that you follow what your target price is and do not be greedy when the market is rising and decided to hodl a little longer because this can fake you out and you will go back to start again. Worst thing can happen is the price can take longer to recover and you will get bored of waiting to the point your gonna sell your assets.

Patterns come in many forms, it can be the movements in the charts and there are patterns with the year or the dates. There are times that prices repeats if we compare it with previous dates. We can rely on them if we are not sure if what are the prices will be  and the most important thing is to not regret after you made an action.

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February 12, 2022, 07:25:09 PM
 #62

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

I decide upon my profit percentage. I usually set up the percentage to a minimum level and await for the trade to complete. I usually do not re edit the trade  and increase the percentage of profits. Once the trade completes / sold off, I look for another best coin that are in my list with price decreased. Have 3 to 5 coins in the mind and would keep shifting within these 5 coins. If the coin value goes down and i am into loss, I would either buy more coins with my spare amount to average but if no money to average, will go for a long term. I ll not touch it or will not sell them at loss.

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February 12, 2022, 07:33:23 PM
 #63

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion

I decide upon my profit percentage. I usually set up the percentage to a minimum level and await for the trade to complete. I usually do not re edit the trade  and increase the percentage of profits. Once the trade completes / sold off, I look for another best coin that are in my list with price decreased. Have 3 to 5 coins in the mind and would keep shifting within these 5 coins. If the coin value goes down and i am into loss, I would either buy more coins with my spare amount to average but if no money to average, will go for a long term. I ll not touch it or will not sell them at loss.
You have a good plan for the trade. It was my happen in the past that when I set a price on order and when I notice I high speed rise then I immediately cancel that one and increase the price on the order which often came to me as a disappointment as the price when fail to reach my level then the reversal was also fast and I unable to cope to at least to get my previous price for my coins. If anyone will not do that greed then they will not face any lose and disappointment.
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February 12, 2022, 07:56:17 PM
 #64

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion
^ I personally experienced this when I was holding my coins, because of thinking that the coin that was I holding was going to the moon and seeking more profit. Sometimes I am at the scenario of selling when the coins go down. And now I am learned, to sell when there is your profit no matter what or set a target profit and patiently wait before it will achieve and of course, in a right coin that you know it will never become a shitcoin soon. Because there is no exact time when is the selling time, to determine of course there should be your profit and or else, the coins in your portfolio that you have trusted that it will boom soon and not just because of the hype.
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February 12, 2022, 08:56:49 PM
 #65

How do you know when to sell? We had to feel the market sentiment and make use of our instinct rather than soliciting other opinions as these people are certainly don't know as well. It simply, they are also speculating the market just like you did.

But I have a tip for you,
Make the sell of your coins at a higher price compared to the price when you bought them. If you are not satisfied with the price, then make it hold until you've got it.

The problem with that strategy is that you will probably keep holding your coins as you always want more and more profit (greed). I always sell a little bit more than 50% of my coins if they have doubled. In that way, I have my investment back (+ a small profit) and the rest of the coins are "free".



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February 12, 2022, 09:22:32 PM
 #66

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion
I do sell my coin when ever I feel I am profitable enough, sometimes what makes us regret not selling off our crypto coin is greediness, so once I notice the market movement, I work with my own instinct to make decisions on weather to sell or not, but I am always sure I followed all social media channels of the coin I am holding so as to know the exact time to sell.

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February 13, 2022, 01:06:46 AM
Last edit: November 30, 2022, 10:27:09 PM by meser#
 #67


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February 13, 2022, 05:29:49 AM
 #68

It’s better to have regular profit than to always depend on the chance that the token price will go up which will just make us wait for something were not sure if will going to happen at times we need it. Though its’s hard to always get a good profit in trading but if its regular it can still be big in time when we save it right. So, Whenever there is a chance to take profit I also withdraw some since Im already done of just waiting like I did before in 2018 when the market is down and there is no just to have profit.
Regular and consistent profit is better than get jack pot or much profit but need waiting few months later, usually as daily trader is not have higher decision profit target every day, reach above 5% is enough to close position and take profit than waiting more profit above 100% or 300% but need one or two months later. I think if consistent earn profit every daily trader at one coin above 5% we earn almost 30% profit every day if good market condition with several altcoin kinds, but still not any guarantee can earn profit in daily day.

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February 13, 2022, 06:15:09 AM
 #69

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion
For holding assets I don't have a pattern, maybe 2x - 4x I will sell. Enough for me that big increase where I have to do asset holding for 1 to 2 years. If you suddenly forget and get an increase of up to 10x, I will consider it a bonus.
I once regretted when I bought AMP coins on Bittrex 2017 ago for 1 BTC and 3 weeks later the price dropped to a delist, luckily I sold it and ended up with 0.2 BTC. Since then, I'm still a little traumatized. Sad
For holding assets where the goal is long term investment just buy BTC!

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February 13, 2022, 06:33:47 AM
 #70

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion
I do sell my coin when ever I feel I am profitable enough, sometimes what makes us regret not selling off our crypto coin is greediness, so once I notice the market movement, I work with my own instinct to make decisions on weather to sell or not, but I am always sure I followed all social media channels of the coin I am holding so as to know the exact time to sell.
Everyone certainly has their own decisions and indeed the decision you made I think it's the right one,
greed will make us lose money so selling when we feel profitable is the right thing,
Before selling, we really need to follow market movements and news related to the coins we hold

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February 13, 2022, 06:38:09 AM
 #71

personally, I don't see a pattern or anything like that. however, I once sold an asset when the price went up quite high, and when I sold it, it turned out to be up more than 200% after that. yeah, that makes me regret. the other thing is, I held the coin too long, and wished for a higher price. the result is currently the coin is dumped very far, and I am still holding the coin.
Well, to be honest, it's very difficult to determine when we will sell. however, selling when we are still making a profit, it is better than selling when we have made a loss.

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gantez (OP)
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February 13, 2022, 08:08:35 AM
 #72

personally, I don't see a pattern or anything like that. however, I once sold an asset when the price went up quite high, and when I sold it, it turned out to be up more than 200% after that. yeah, that makes me regret. the other thing is, I held the coin too long, and wished for a higher price. the result is currently the coin is dumped very far, and I am still holding the coin.


I can't know if you mean you still bought the coin and hodl it for longer time after the time you earlier sold in profit because your post does not explain very clear but if you sold in profit and the coin went high 200% above your sold price, no need for expressing of regret because you made profit from the sale that you make.


Quote
I held the coin too long, and wished for a higher price. the result is currently the coin is dumped very far, and I am still holding the coin.


Some coins have low trading volume and having few chances of pump so missing the pump time is difficult to get another chance and they can keep dropping. It is better following the group discussion of the coin we hodl.
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February 13, 2022, 08:19:08 AM
 #73

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion
Regret or greetful is something common in crypto trading. But all of it is depends on how our emotion can be affected when we doing trading. Like if we regret, just don't let it keep going and do something maybe to minimize our loss or strenght our heart so we are not afraid to hold the coin longer.
If you let your emotions decide on your trading, that is bad but if you assume that even the greatest traders do not have emotions then you are very wrong. Everyone has emotions and everyone keep feeling something but at the end of the day if they do not use that in their trading then it is fine.

There is nothing you could technically do to make it go wrong if you keep your emotions away, just stick with your strategy and keep on trading that way. I personally have tons of emotions, fear, happiness, greed, afraid all of them while trading but I do not let them dictate how I am going to trade and that helps me out a ton and that is how I can stay so long term, even during big bear drops.
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February 13, 2022, 08:41:31 AM
 #74

You will get different opinions from different users and they are all valid, i personally set up a target for selling and once the price of that particular coin comes closer to th target I book an OCO (one cancels another) at a higher sell price and set up stop loss at 5% lower than current price to avoid losing out on profit or incurring loss.

Sometimes I do go by candles when I am free and just buy/sell based on candle and 5 mins chart helpsme to identify the buy/sell level.









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February 13, 2022, 01:43:55 PM
 #75

A trader must have enough patience.  The reason is that if a trader loses his temper, it is likely to end.  Most of us don't know when to buy coins and when to sell coins.  We can't even imagine when the price of coins will go up.  All we have to do is buy a coin and wait for the price to rise.  If it is traded in this way then there may be some profit.


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KaliLinux
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February 13, 2022, 02:00:09 PM
 #76

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?

Do you regret not selling your coins at any point because you didn't know it will drop ?

Can you share your opinion
It depends on your intention for investment, day trading is different from long term investments so profits target varies, however, since I mostly Hodl, I just follow the market trend for the season and might decide to take some % profit once am comfortable and reinvest when I feel the market is right to enter again which might not be the very bottom.
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February 13, 2022, 03:09:43 PM
 #77

It's hard to know when is the best time to sell, I often do the wrong analysis so when I get a profit of more than 30% then I immediately sell, but a few days later the price skyrockets again and I lose the opportunity to make a bigger profit if I still hold.
Maybe you regret a little when you sell and find out the price is skyrocketing. But I don't think it's too much to regret. Sometimes it's good for us, moreover the profit has reached 30% as you said. Don't be too greedy, even though the price really goes up, because it could be that greed can make us lose. So I think it would be better if you set a profit target to be able to maintain our psychology.
Always follow your game plan, if you ask more even though you already made a profit when you sell, then that's greediness and that is trading using your emotion which is bad in the long run. Trading with consistency makes you profitable, even if you make small profit everytime as long as it's consistent, you should follow that simple but working strategy.

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February 13, 2022, 05:58:38 PM
 #78

Im always using the waves as a way to take the best rate to sell my tokens. Sometimes i was selling at the incorrect point but i were only waiting until the dump will happen and then i can tripled my tokens instantly. It's about how smart you are to take the advantage from the market. You must always remember that when market is getting over bought and this can be the best time to sell your token. I didn't sell all of my tokens but keep only a very small portion as the reserved fund. People may call that if this hard to do but as long as you're decipline and you can do that easily.
The most difficult thing to determine which the best candle to sell.

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February 14, 2022, 04:36:32 PM
 #79

when it comes investing a coins and you preferred to do short term only then you must make technical analysis on daily time frame and look for the current support and resistance because thats the only key level where the price respect and making correction afterwards. And also make fundamental as well so that you can get more information when the growth rate of the coin will stop and make correction. You should know about these stuff if you really want to know when to buy or sell in a right time.
This is why I love long term investment. I feel like there is nothing that I need to check aside from having a good future and a great fundamental and not being a scam. Like for example if you build a basket with bitcoin, litecoin, ethereum, ada, bnb, and coins like that then you are going to make a profit in 10 years.

I am not sure if ALL of them will be high, maybe one or two will go down and not liked anymore and will not profit you and just crash and be gone. However, the overall will be profit for sure, that is what I am sure about. Even if you buy simply just bitcoin, you will be able to make a big profit in 10 years. This is why long term investment is easier. If you want to do short term, you will need to educate yourself a lot more than anything else and it would be very difficult, not impossible but very difficult to do.
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February 14, 2022, 06:35:22 PM
 #80


This is why I love long term investment. I feel like there is nothing that I need to check aside from having a good future and a great fundamental and not being a scam. Like for example if you build a basket with bitcoin, litecoin, ethereum, ada, bnb, and coins like that then you are going to make a profit in 10 years.

I am not sure if ALL of them will be high, maybe one or two will go down and not liked anymore and will not profit you and just crash and be gone. However, the overall will be profit for sure, that is what I am sure about. Even if you buy simply just bitcoin, you will be able to make a big profit in 10 years. This is why long term investment is easier. If you want to do short term, you will need to educate yourself a lot more than anything else and it would be very difficult, not impossible but very difficult to do.

Having these kind of coin in your basket like bitcoin, ethereum, ada, bnb, sol, and xrp you would not going to feel threatened to hodl it for a long time investment. I mean that you know in yourself that these coins are worth it to hold and valuable even in the long run because it's use cases are usable even in the following years. Answering the question of OP of when you know a time to sell my answer is depend on your choice, it's depend if the market price of your token is enough for you to sell and if you are going to earn from it the. It is better but if you know you will not going to profit from it the. Why would you sell right.
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