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Author Topic: How do you know when to sell?  (Read 2810 times)
YinShuiSiYuan
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February 14, 2022, 10:00:33 PM
 #81

Sometimes I do daily trading and the moment when I sell is already profiting according to the target I designed, usually I have a profit target of 15%, but if the market is red and I lose 20% then I immediately cut the loss and immediately switch to stable coins while waiting for the moment right to buy again.
10%-15% of target is quite good already.

And if it's about cutting loss, maybe applying the same percentage will help you to lessen the losses that you may incur.

It depends on the trades but if you're in profit for more than 10% or 15% that should be enough not to be greedy at least.

I totally agree. Depending on how big money I trade and on which cryptocurrencies, and as I see that the waves are often repeated, I sell even with up to 5% profit (more often 10%). When there are a lot of moves I am able to do the buy-sell trades safely even 3 times a day. Also when it comes to cutting costs, in my opinion it is better to stick to the same % when price goes up and when it goes down.

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February 15, 2022, 12:40:04 AM
 #82

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
Well for me I hold the idea that profit is profit which mean that every time that you see a good amount of profit then take it don't be greedy because most of crypto enthusiasts failed to think like that the lead them to profit loss instead of profit gain.

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February 15, 2022, 12:59:16 AM
 #83

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's important to take profits when the market is very bullish and rising parabolically, in my view. It can be difficult during this period because the market is so euphoric and the expectations are typically that there is so much more room to go up - you are basically seen as an idiot for selling during peaks, because the price targets have been placed even higher throughout the media. Selling right at the peak is difficult and a matter of luck, however. If you can take out what you initially invested and let your profits ride, this may be a good idea.

I sold a portion of my holdings when I saw there were issues with the S2F model late last year, and I realized that we could be entering a bear market. So I hedged by selling some of my coins while I was in profit to have spare cash in case of a bear market. I also think listening to both bulls and bears can help an investor remain more grounded or level-headed.

However, certain coins I will not sell, such as bitcoin and Ethereum. They are a store of value for me.
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February 15, 2022, 05:22:28 AM
 #84

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?
You should choose indicators you can rely on. You should convert some of your holdings into profits. I am fairly sure that any coin whose market cap gets to the top 100 will be able to survive well on the market. It'll likely hit around a price at which point you'll probably make your profits.

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

Can you share your opinion
I'm still recovering from such a traumatic experience. Altcoin investments are only for a short period. Dead coins never rise again. The sooner you sell at peak, the stronger you'll be. If you don't sell early, you'll regret it later and become destroyer.
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February 15, 2022, 02:40:50 PM
 #85

If there is a new ATH then I will sell immediately, I think the easiest thing to know when to sell is that the coin has passed new ATH, never be greedy and think to continue to hold because market conditions are difficult to predict so selling when you can pass ATH is a very profitable thing.


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February 15, 2022, 06:28:44 PM
 #86

~
That kind of depends on my case. Remember when many people were eyeing Bitcoin to reach past 20k, but then it managed to get way past higher than that and it was even past that predicted price.
Just selling immediately just because it reached a new ATH would be quite risky. Wait for the price to at least stabilize before you decide to call it all quits.
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February 15, 2022, 06:41:10 PM
 #87

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
Everyone will be able to generate huge money if he knows when price will up or down but unfortunately it's not possible. Personally I always try to earn 4-10% profit from trading. In my opinion, up to 10% is okay to sell. Intension to get higher profit can bear bad effect in your trading experience.
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February 15, 2022, 07:10:11 PM
 #88

Quote
in this case I usually use the short term method but not by selling 100%, I usually use 100% of my funds to buy one of the coins and wait for the coin price to grow until it is time to sell, when selling, I will not sell all the funds me, but I only sold 70%, the rest are waiting for the right time to be sold again what if the coin starts to grow, this may be just a basic method that I can convey to you.

This is a good method anyone can use to remain in profit making in the community. Using such amount of money to purchase coins at this season were many investors are still busy to buy more coins because of the dropped of their price in the exchange market. Now that the price of many coins is about to increase higher in the market and it will be better for investors to release their coins for sale when the price move higher to make a huge amount of money and save 40% or 50% to buy when the price decrease again in the market to enable to prepare for another opportunity.

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February 15, 2022, 07:40:29 PM
 #89

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
Everyone will be able to generate huge money if he knows when price will up or down but unfortunately it's not possible. Personally I always try to earn 4-10% profit from trading. In my opinion, up to 10% is okay to sell. Intension to get higher profit can bear bad effect in your trading experience.
I try earn same with your percentage about 4-10% each my trading coin entry, I will take profit after my coin up above 4% or when I am not see coin out above 10% lucky for me to earn higher profit, but few coins not really give me lucky moment when filled order price dumps and waiting how to get recovery and need several weeks, now I have loss in several coin almost one month and hope bitcoin can up to higher price.

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February 15, 2022, 11:38:02 PM
 #90

I believe that everyone will have the target to see the tokens if they have achieved the profits. Everyone may have a different target. There may be based on the amount of the capitals, the chance of the market condition, and also based on the percentage.
So far, being too greedy may kill us because we may lose our chance to take profits because expecting too high to get the profits. Consequently, the price keeps dropping and we will regret it.
I personally will think of taking profits after several percentages, but it will not be permanent because I must also see the prospect of the market condition itself. If the market changes too early, taking profits earlier is my choice wisely. I know that sometimes the price precisely keeps rising up after taking profits. But, no problem, as long as we have taken the profits, no regret for it. It is enough.

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February 16, 2022, 05:06:18 AM
 #91

For me, the pattern I follow for selling is when the price on the token is going up and I am in serious profit. I sell when I am in profit, that's all. Of course, I have regretted on several occasions for not selling when the price went up. But, I guess the crypto space generally is filled with such regrets

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February 16, 2022, 09:29:41 AM
 #92

in determining the right time to sell is not an easy thing except the right time to buy. if you buy, it is very good to do when the price of the coin is experiencing a decline.
for me regret will occur when selling 100%, because a good strategy or pattern in my opinion is not selling 100% of the coins or tokens owned.
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February 16, 2022, 09:45:02 AM
 #93

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
There is simply no rule as such. Initially, you look at what the project has to offer. That is, what is the use of it for users, how it develops, and how interested the community is in promoting the project. Examples with the early sale of the coin were enough to start fixing, that is, the return of the investment after the price rise and further retention of what was left. Regret only slows you down, you have to move on.

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February 16, 2022, 10:08:34 AM
 #94

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?
No pattern at least for me.
I'm just setting a certain percentage that whatever happens if it reaches that mark then I will take profit.

Do you regret not selling your coins at any point because you didn't know it will drop ?
There are times and I know that some experienced it as well but as long as you sold your coins at a profit then there is nothing wrong. For me, there is no specific time on when to sell your tokens. You just need to set a percentage that if it reaches that then just sell it whatever happens.

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February 16, 2022, 10:11:47 AM
 #95

in determining the right time to sell is not an easy thing except the right time to buy. if you buy, it is very good to do when the price of the coin is experiencing a decline.
for me regret will occur when selling 100%, because a good strategy or pattern in my opinion is not selling 100% of the coins or tokens owned.
The selling portion is at a high price although not many people know what is the highest price that a certain coin or token can reach, that's why everyone recommends setting a target selling price after buying it at the lowest price, for example like taking a profit of around 15 to 25 % of the price you buy

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February 16, 2022, 10:38:33 AM
 #96

The easiest thing I do when I sell is that I have profited more than 25%, if I have made a profit of 25% then I immediately sell and monitor developments again, unfortunately this is of course very difficult to happen in the short term so I focus on the medium term (more than 6 month).

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February 16, 2022, 11:19:49 AM
 #97

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

When your portfolio is showing you profits Grin When you are going into trading or Investment in cryptocurrencies you must have a target in mind that you wish to get whether as a daily trader or for investment but some don't seem to understand this, so you might be looking at a 2x daily trading profit or just decides to hodl for a longer time and take profit during the next bull circle.
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February 16, 2022, 11:38:35 AM
 #98

The easiest thing I do when I sell is that I have profited more than 25%, if I have made a profit of 25% then I immediately sell and monitor developments again, unfortunately this is of course very difficult to happen in the short term so I focus on the medium term (more than 6 month).
As long as the strategy you apply is very good, then there is no problem at all, both for the long term and for the short term and usually if a 25% profit occurs when the market is really in a very good condition so the potential for increase can be bigger.

How come that is a very good strategy if you don't have an indicator that will tell you if the price will really go that 25% gain before it dip badly. Worst case scenario is when the price dip a huge percentage then he waits for a year to recover his original investment only while the 25% gain from his original position never happened. So he will just wait until that gain come?

That is not a good strategy and improper way of trading. You should know all the resistance and set your take profit near it. In case there is no known resistance, You can always use indicator like RSI and MACD If the price is already overbought so that you can safely take profit.


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February 16, 2022, 11:46:55 AM
 #99

Do you have any pattern that you see or watch in the market to determine time to sell your hodlings and take your profit ?
I do not have a pattern, only profit targets that are the reference, if it has reached the specified target will definitely sell it.

Do you regret not selling your coins at any point because you didn't know it will drop ?
Actually regret not only when choosing not to sell and the price continues to fall but also there will certainly be regret when it has sold but the price continues to rise, but regret should not prevent traders from continuing to trade because actually no trader can properly sell at high prices and buy at low prices.

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February 16, 2022, 08:28:40 PM
 #100

More precisely it is very good to take profits when selling when the price is up 50% of the price we bought. Seeing the right time is very difficult even if there are certain patterns that we have analyzed will always be the opposite, I prefer to maintain and add some altcoins in my portfolio for the sake of waiting for the bear market to occur or the market increase again bull run so I will benefit from buying and selling.
You can try my recommended how to keep profit with your reality when selling coin raise up above 50%, you need to sell with different price for your assets, spent each 30% with different value like first order on $0.1 later reach up to $0.13 and last order above $0.15 and I think is the best thing with your problem when selling coin price pump. You need to make it for selling your assets and looks not really loss much opportunity when your coin price pump.

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