I am a college student looking to make a buck every once in a while trading crypto (mainly BTC). My portfolio is $500 of my savings so nothing big really. This is like a pilot project where I get to learn what is what and see if I can trade. I am considering going full time during summers and hopefully after finishing college if summers will have spared me. The question I am constantly facing is, how do you know when you should (or have to) sell? When the price is rising, I don't want to sell because... greed tbh. But again when the price is dropping, I don't wanna sell either... sometimes the price might be lower than when I bought. In general, I am bullish that the price will eventually rise and I will make a killing, so no need to hurry. But again, I don't want to be a hodler; I want to be a trader. How do you guys know when to sell?
You must check your motivation first, there's always a temptation not to sell when the price is rising it's natural I have experienced this so many times in the past and still experiencing it, you must make a spreadsheet on when do you want to sell when it hit your sell preference and you must follow it, and after selling don't look back sometimes we regret after our expectation did not happen.