Hy guys. Most of the time I use to trade with altcoins and I use to sell altcoins when they are above ICO price and giving some profit. I do not hold atlcoins for long time. What if you have some altcoins, what will be your strategy to use that coins? Is there any specific best time for every altcoin and when it is going well and we should sell ??
The best time to sell altcoins is when it hit your target price. You don't need to wait for moon as it may not come but when you have a target price in mind then you can easily let go of that coin. You can also avoid being greedy hoping for the price to go up higher for you to have maximum profits but as you wait for it to go up higher, there is a chance it will suddenly dump and there would be times that instead of having profits, you end up selling it for a loss because you lose that chance. The moment you bought the coin, you should already have a target price in mind and if the price do not move in your favor, have a tolerable loss so that you can cut it when its price reach that level. You do not want to be tied to a coin and wait for it to go up higher even for a break even if you just let your losses run.