Post
Topic
Board Trading Discussion
Re: what profit do you need to close the long position?
by
maydna
on 09/09/2018, 01:07:57 UTC
If you are a long-term holder, what profit do you need to close the position?
For example, I need a minimum of + 400%

every trader has different target profit to close the position. we need to see the buy order on our history then we can determine how much price we need to sell for making a profit. for me, I think I need 5x or 7x to close the position because some of my coins have decreased very deep so if I don't see the increasing of the price for about 5, I won't sell it. but the other coins, I only need 2x for the price so I can make a profit and with 2x of the increase, I can reach BEP and plus I can get profit. but I won't reject if somehow the price can increase more than 10x Grin