Post
Topic
Board Trading Discussion
Re: How to know when to sell?
by
el kaka22
on 16/11/2017, 18:30:39 UTC
actually it's easy if you know the details about the price of the coin, you can predict from the details when he will go down and when he will go up so you can reduce the risk.
as the word warren buffen risks come when you do not know what you are doing.

Well i actually try and keep up with updates and latest informations of both the coins i possess and the one's i don't.
But my major problem is using that information in knowing when to sell and when to hold.
Coz my major problem is holding even when the details are telling me to sell off.
I guess I'll have to start acting on informations like you said maybe that might help. Thanks
If you are sure of what to do, do not ever fight your decisions. I am not sure if you have a very good knowledge about trading, but I want to assume you do. Try to always make use of stop losses. Know when to get out when a trade is going wrong by knowing the % you can actually really let go and make different moves.

All the above, you should always try to make use of the resistance and support lines for most markets. Take your time to study the chart, know what you want to expect from that chart and find the best point of entry most times below the support and set a sell order a little below the previous resistance. Lastly, do not ever be greedy when trading.