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.
if you are a crypto trader, you will choose to sell coins when you make a profit, not think about whether the coin will rise again, because a trader seeks profit in the shortest possible time, and that's what I do
exactly when the profit is seen it doesn't need to hold it for too long and expect even greater, because when you get profit it's good to sell don't expect higher because the cryptocurrency will change quickly so it could even be a loss if you hold it too long.