Author Topic: Sell when the goal is achieved. (Read 8711 times)

Ferki · « **on:** February 05, 2021, 05:29:20 PM »

Just sold all of my 0x at $1.77, I couldn't take it any more. When 1000% are reached I sell without flinching. After the correction, I can always buy more. Even if there wasn't a correction, I don't think that the ATH can be reached easily.
When are you selling? Do you also have a price where you can say: until now and no further?
Do you set a stop limit?

p.s. Now is the time to think about it, in my opinion.

Altcoins Talks - Cryptocurrency Forum · « **on:** February 05, 2021, 05:29:20 PM »

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mohdelayo · « **Reply #1 on:** February 05, 2021, 10:28:38 PM »

As a trader that always plan your entry and exit, it is always a welcome idea to exit ones your target has been reached. However in the case of long term investment, if one believe in the long term potential of their holdings, then it's a good idea to keep holding, especially when they believe the assets has not gotten the kind of penetration it can possibly attract.

Bit · « **Reply #2 on:** February 05, 2021, 11:01:05 PM »

It is based also on my experience.
Sell if it has reached the target.
Well, it seems sometimes to regret what we have sold. However, we will regret more if not selling the coin or token if they have reached the target and then down again. It relates to greediness.

Octoalts · « **Reply #3 on:** February 05, 2021, 11:10:48 PM »

It is a Trading strategy that I do, and usually my target or goal of taking profits is not very high. twenty or thirty percent increase in price I think is enough, because I'm the type of person who likes to trade in the short term.

kent47400 · « **Reply #4 on:** February 06, 2021, 01:20:38 PM »

What you do is very correct and almost the same as me because I do it like that.
I have a little bit of Ethereum in 2020 and by January 2021 the All Time High of Ethereum is back and I have sold it.
It's true that it took time to get Ethereum to All Time high and I've been past that selling everything on the Binance market.

indexx · « **Reply #5 on:** February 06, 2021, 02:00:19 PM »

I totally agree with this. Let us not be greedy. Because if we are greedy it will only make us never feel satisfied and ungrateful. It should be in crypto if our goal is reached then sell.

Falcon · « **Reply #6 on:** February 06, 2021, 02:08:21 PM »

Once the goal price reached better sell even it will increase more. For me as long you earn enough profit that is satisfying. In this case the satisfaction matters over regret.

Altcoins Talks - Cryptocurrency Forum · « **Reply #6 on:** February 06, 2021, 02:08:21 PM »

gurunanakji777 · « **Reply #7 on:** February 06, 2021, 02:48:02 PM »

Yes, one should always plan like this while trading or holding the coins. Without setting targets we became greedy for more and more profit and end up in meager profit or loss. Yes, you can buy again when the correction will be there but one must be satisfied with his decision.

youdacapt · « **Reply #8 on:** February 06, 2021, 02:50:11 PM »

This is exactly how trading or investment works; it is mandatory for you to always take profit everytime you are in profit; the aim of every investment is profit; if you fail to take profit; then you could lose capital and profit together. Always do your own research

Bony11 · « **Reply #9 on:** February 06, 2021, 03:08:22 PM »

There are many of us who regret selling a token or coin and then raising the price of that token or coin. But again it turns out that the coin or token we sold. We don't regret the token or coin if the price goes down.

Hope4life · « **Reply #10 on:** February 06, 2021, 03:09:32 PM »

I usually sell coins when it's reached target or i got enough profit, when trading we should be able to control greed and emotions. Also, stop lost is a must to minimize losses.

Bony11 · « **Reply #11 on:** February 06, 2021, 03:14:39 PM »

Quote from: Octo on February 05, 2021, 11:10:48 PM

It is a Trading strategy that I do, and usually my target or goal of taking profits is not very high. twenty or thirty percent increase in price I think is enough, because I'm the type of person who likes to trade in the short term.

Yes I agree with you. That I also think if the price of any token or coin in the market goes up. I like to sell it in its normal state. Because it is seen that many times in the hope of making more profit, we do not sell the tokens in the greed of getting more than the price in the market. Later, their prices went down drastically. As a result, many times we face losses

MUGNIA · « **Reply #12 on:** February 06, 2021, 03:20:24 PM »

I don't have a lot of eth, when the eth price goes up 30% from before I sell everything, for me it is okay to get as little profit and I don't want to be greedy, but everyone has their own strategies, and their respective selling targets

dragononcrypto · « **Reply #13 on:** February 06, 2021, 03:24:58 PM »

Quote from: Ferki on February 05, 2021, 05:29:20 PM

Just sold all of my 0x at $1.77, I couldn't take it any more. When 1000% are reached I sell without flinching. After the correction, I can always buy more. Even if there wasn't a correction, I don't think that the ATH can be reached easily.
When are you selling? Do you also have a price where you can say: until now and no further?
Do you set a stop limit?

p.s. Now is the time to think about it, in my opinion.

Congrats! I also just sold 50% at 2x against Ether, as had only bought it the day before at 0.0005443, so my natural instinct was sell half at 100% profit at 0.0010886 to re-invest elsewhere. I'm still holding half as for me recent defi investments are long-term plays against Ethereum, not Bitcoin or the dollar. I realise the fiat value is in the middle of nowehere, but against Ether buying in at 90% down from ATH seems like an amazing discount to me

Also had the same with UMA the day before, bought in with Ether, price started mooning so set sell limit to sell half at 2x

batishta10 · « **Reply #14 on:** February 06, 2021, 03:37:08 PM »

Every trader should know at what price the asset will be sold. We can never sell cryptocurrency at its peak and buy at its lowest price. We must determine these prices for ourselves in advance.

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