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 won't set a too high target for taking profits because I know it is difficult. Well, it is my own strategy, other traders may be different.
It's true that such a strategy is very suitable for day traders like you,
but again traders have their respective strategies depending on what they want to achieve,
What is clear is that to know when is the right time to sell we need to monitor market movements because otherwise we can lose the moment
- Monitoring will make us sleepless and uncomfortable eating, accumulation will only exhaust traders regardless of the type of trader, moments are not fixed times and a trader with their experience they don't keep their eyes glued on constantly and look at the chart too many times a day, they are more refined and work with the exchange better by their indicators and targets. Stop Loss and Take Profit are two levels set up to solve the situation where traders become addicted to the market, giving them more time and less thinking.