Post
Topic
Board Altcoin Discussion
Re: How do you know when to sell?
by
NewRanger
on 05/08/2022, 22:51:12 UTC
when to sell? Of course it's very easy, because traders must also have the skills to sell at the right time,
and definitely don't be greedy, if you have experienced an increase of 10% I think it's the right time to sell.
10% profit is good enough to close position. Generally I close my trade after getting a 5-10% profit. I always use stop loss also. For traders, they can know when to sell for gaining profit.

It's like setting a target goal and stopping when you hit it. We must know our target profit so we won't get tempted to aim for too much which might lead to greater greed. 5-10% profit is already ideal. Profit is still profit and we must be contented sometimes especially if the volatility of the coin is too high.
taget taking profits must set before we open transaction. Alot traders didnt set it till finally profits becone loss again due market direction changed. Greedy be main problem from each traders, they want more profit and prefer instant result. Most of them didnt trust the progress. 5-10% was good result for each trades, as long as we could consistent i am believe our account will growth.