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.
The most important signal to pay attention to is the one coming from your gut and heart. Your intuition. It knows. Learning to trust it will open your mind to truths you've ignored in the past.
After that are actual strategies.
The best one I've seen up to now is to buy and sell in increments, or cost-averaging up AND down. The volatility in crypto means coins/tokens can have periods where they are down on week and up the next, or could be on a mini bull or bear run. Setting secondary goals as sell or buy benchmarks can also help to limit big losses and/or to take a piece of some profits.
In the end though, because we are all so early into the crypto game relative to everyone else alive, we are still truly in the hodl phase. Thinking about trading and making money when the big market entities control the crypto market is more like gambling than investing anyway.
Best of luck to everyone and yours, both now and long into the future.