Post
Topic
Board Trading Discussion
Re: When do YOU sell?
by
royale143
on 06/03/2018, 08:40:08 UTC
When do you decide to sell?

Is it a sat, a % of profit, or even a randomly thought up number in your head?

I am new to trading Crypto, but when I traded other stocks, I would aim for a certain percentage.
This seems much easier to hit that percentage, but much more risky.

How do you determine when to let it go?

First off, don't do the "wing it" or random kind of move because, most often than not, that would result to a loss because those moves are basically not based on any intellectual thought or at least strategy. I think the better consideration is the percentage of profit, if you have a profit in mind, then stick to it because that would be your guiding principle in doing business. The thing about this market is that assets may go up or down in extremes, but the difficult part is to chance upon those times when it's at its lowest, which is the best time to buy, and when it's at its highest when it's the best time to sell. Therefore, by setting a profit goal, you can be able to still gain while following a strategy, instead of just being random with your business moves.