Nobody wants to be monitoring the prices all day with the cursor on the sell button just waiting to click the mouse, so how do you decide when to sell?
If you set up an open order with a low target price, you'll be disappointed when the price climbs well above your target price.
If you set up an open order with too high a price, you might not sell at all.
What's your strategy?
In all of my trades im setting my sell order on 20 to 30% gain. I prefer a small profit and it works for me.
- Your profit goal is quite safe, but sometimes that will make you miss out on a lot of profit, so I suggest you have a wiser strategy, and with my experience, I think you should evaluate the information that helps the coin rise, then decide the profit goal. Analysis of news is very important in trading, it will have a certain impact on our profit, in addition, to optimize profits, we need to divide the total number of coins into multiple parts, sell with higher and higher prices, it will help us avoid regret when prices exceed our expectations