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?
First of all I do have targets before I start my investment. And I try to set targets with levels. First I start with what can easily be accomplished at the moment and then I move up high. And I also plan on how I’m going to execute the trade when I reach those targets.
So, what I am trying to say is that when I am trading any altcoin, I have a price in mind that I would like to sell at, and once I reach that level I look for the possibilities of that coin going up further, and I can decide to continue with the holding, sell part of it , or sell all. So, you have to be calculative, and also do your analysis, because that’s what is going to help you decide.