Post
Topic
Board Trading Discussion
Re: The best time to take profit in Trading
by
Traderbtcc
on 04/09/2018, 22:39:41 UTC
Cryptocurrency Trading is fun and captivating especially when you are always up with profit no matter the situation of the market, of course who wouldn't be happy when you are successful in what you do?
In many situations we are confronted with the choices of should I exit the market now or should I stay, and swiftly as this may be decision need to be made fast to be able to keep up with a moving trade. For day traders avoid exiting the market when the chart is already down especially if you are not at profit, it is better to take profit when you are comfortably at profit even though the market is still green and wait for a next dip than waiting till market has gone against you and you are struggling with cutting off more loss.


The best time to take profit is when the market is in green. That's is also the reason why it is necessary and advisable for us to buy altcoins while the market is in dip. It is best to sell when we reach our target value so we better continue striving for whatbis best.


You don't even need to sell when the market is green. You just have to sell when you're in profit. There's a principle I always apply in crypto... Which is never fall in love with any coin/token and never get too greedy. Also you should sell in profits and don't look back. So ideally, the best time to sell is whenever you're profiting from a cryptocurrency.  It's that simple