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!
I would say this is all dependent on the specific coin and how you feel about the utility of this coin. I will usually hold onto high utility coins with a solid team and decent marketing a bit longer than any "shitcoin" that comes around every other day.
5%-15% is not massive in the grand scheme of crypto as coins can do this daily. If you do come up with a specific trading/selling method, I would stick to it through thick and thin. Best of luck!