Post
Topic
Board Trading Discussion
Re: How do you know when to sell?
by
Luqman
on 25/06/2021, 23:44:07 UTC
I know its an individual thing, but if you are in an alt and it is pumping...when is the best time to sell?
Depends on the market situation and what type of your trading. For example, I am a daily trader. If the market is in the uptrend, I will sell my altcoins if the price can increase 50% - 80%. But if the market is in a downtrend like in the current days, I mostly take profits once the price can increase 20% - 30%. I got fewer profits because most altcoin prices tend to decrease and hard to increase fast. However, it is my own strategy, other traders may be different.