Just wondering if ya'll have a typical formula you go by or a certain X percentage profit or loss.
I've been playing around with coins for just under a month now. $23750 total investment and currently up just under 10k in profit. One of the coins (IOTA) has gone up about 288%. Obviously it would suck if it crashed but it would equally suck to sell if it continues to grow.
Just wondering what a lot of you folks do. I'm considering investing another 25 or 50k into coins. Ideally I'd like to net 15k a month off them but I know that may not be realistic on a monthly basis.
Some peoples selling their coins when the price is rising about 20% to take a quick profit, but they will selling if their coin price drop to cut loss too.
It will be depends on your activity. If you are a day trader, you will selling your coins whether if its price increased to gain profit, or decreased to cutting loss.
so at the end of the day, it will depend on each individual's trading preference. so when they are a day trader, their goal is very low and quick profit while long term traders have usually the highest profit goal.