Quote from: Lazada on May 16, 2018, 04:34:32 AM

Quote from: bohr on May 10, 2018, 10:16:21 PM

Quote from: ahtsham90 on March 03, 2018, 11:26:32 AM

you need to set the your targets. dont go with the flow, dont follow the crowd. just make ur profit target and right after the exist dont even bother to look at that coin again

Setting a target goal for your profits is essential, many people make the mistake of investing in a coin but they do not have an exit strategy, while holding your coins for the longest time possible will give you the most profits, if you are investing in this market to get profits at some point you need to cash out convert to cryptocurrencies into fiat and enjoy your profits, so when your coins reach your target sell immediately.

Strategy to get out is really needed and should have been prepared beforehand. Doing trading means we must already agree the consequences. We must be prepared to accept any risks that may exist. This is a matter of course to be properly addressed. In the absence of such things then we will only face a setback in trading.

You will be surprised to find out how many people do not have that strategy in hand, I agree that should be the minimal when it comes to your trades or investments you should know when to get in and you should know when to get out, that is critical and yet many people do not really give it a thought and then they find themselves having to take decisions in matter of minutes about whether to sell or to buy when all of that stuff should have been resolved already.