Post
Topic
Board Trading Discussion
Re: The best time to take profit in Trading
by
xitrum
on 19/09/2018, 13:44:07 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 basic principle in trading day, only buy when the market goes down and sell when the market goes, in case prices continue to break so you should buy and exit quickly. The best time to trade is when you reach your trading goal