Hello, I'm new here and also new in the cryptocurrency world.
I already bought some coins and got 5% to 15% gain in some of these coins.
My question is, what is your accepted gain/loss % before selling the coin? If you get 5% should you sell it or just wait for it to continue growing?
The question comes because I did not put a lot of money on that, thus I think that I need to buy/sell more frequently to increase my cashflow. Does it make sense?
I would probably hold to some altcoins for the long term when I have more cash to play with.
Thanks!
When it comes to Crypto making 5% is nothing.
When you are trading Forex or stocks you usually aim for 1-2% or so.
With crypto in a few minutes the asset can change by 5% which is nothing.
You need to let your winners run and try and catch the large 20-50% moves.