I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell? I feel as though every-time I am in a coin that starts to make some good gain I leave it to long to sell..Anyone else do that. I heard it is because of greed, we star imagining all things we can do with our new profits, but the longer we leave it the more chance of not making good profits. Does anyone have a good strategy for knowing when to sell?
If it is really pumped, maybe i will sell in 10-30% and get my capital back. And save the rest i mean about rest of my profit in that altcoin, maybe still pumped i can get more profit with it. If not, and i sell it when price back, maybe it is only reduce my profit and at least my capital already safe.
i think that is a good method for getting back your money and staying in safe zone, but talking about most of the people become the victims of greed and they keep on holding and holding so unfortunately majority can't get their expected money.
by the way my method for trading is that, if i get my expected profit then i withdraw my money and do not care about more pump.