In trading how do you know if it is time to still hold or is it the right time to sell? Do you go buy your profit margin or actually wait for the highest possible peak?
For example if you're earning like 10% of your investment, would you just sell or would you be interested in waiting and seeing if it goes more up so you could earn more, in doing that its possible that it may go down and you then earn like 5-8%
But what is your process in this? How do you go about hold and sell timings?
Predicting the proper time to sell or hold is one of the challenge in trading cryptocurrency. Risk is always part of the trading game. This is because, there is no exact formula for such. So, the proper time is only based on your analysis from the previous crypto movement in the market. In my experience, I just keep holding even the crypto price is continuously decreasing this is because when I sell during the red days, I have no chance to get back what I have lost. It is just about trusting the flow of dumping and pumping nature of cryptocurrency. And as I expected, few days later, bitcoin price recover. So, the secret formula is to keep holding.