Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency Trading => Topic started by: sugarpie2018 on August 31, 2018, 10:14:19 PM
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
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It would depend on market condition. 20% profit is decent during bear markets but measly during bull markets. But yeah, profit is still a profit. Take it whenever you can.
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I agree that a small but stable profit is much more important. We do not need to chase huge profits in an attempt to get rich.The market is different now and earning becomes more difficult.
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yep I agree don't be greedy, well it's a lesson for me that I didn't sell right away when I was gaining profit, but suddenly the price was down, too bad. Just be contented of your profit.
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yep I agree don't be greedy, well it's a lesson for me that I didn't sell right away when I was gaining profit, but suddenly the price was down, too bad. Just be contented of your profit.
This happened to me as well and I believe it also happens to most newbies. I watched my tokens go up for 50% or more profit and down to 50% loss ;D Hard trading lessons.
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if to trade for the short period, then even 3-5% are a good gain, it is possible to make several transactions in a day. If it is about long-term trade that is possible also bigger 15-20%
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For a beginner, day trading is not the best strategy.Too much effort goes into risk management. Long-term investment a quieter trading strategy.
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20% or 30% is the ideal amount to get profits in crypto trading. This crypto value is very easy to change so don't wait to get a higher profit than that. Because it could be what you expect does not happen.
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
I agree that there is no need to chase super profits and wait for x10-X100. This could be seen before, but now the market is not the same. A profit of 5-10% for a trader is considered to be a very successful transaction. Many people who invest in stocks are waiting for such a profit for months and are very happy about it.
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this is my first experience in the world of crypto in seeking profit must be able to control the greedy nature of better profit a little but flow
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
More correctly will be divided into 3 stages of sales! For example, you bought 1 eth at a price of$240. Next, you place pending orders as a percentage of 50%, 30%, 20%. Namely 0.5 eth at a price for example 250$, 0.3 eth at a price of 255$, and 0.2 eth at a price of 260$. In that order, we have every chance that all our orders will work.
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For a beginner, day trading is not the best strategy.Too much effort goes into risk management. Long-term investment a quieter trading strategy.
I agree, this is the best suggestion for beginner. As we know, almost beginner always panic when bear market and being greedy when bull market. But for amount of profit, I only suggest to take 2 - 5 % profit for every transaction. Do not hope to gain big. It can be the beginning of losing money.
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Greedy will bring destruction to ourselves. Many people hold coins too long even though they have already benefited. They hope that in the future, the price of coins will be high. But the truth is, coins actually go down and get nothing from it.
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Yep, it's true man. If you are greedy, you will miss the best time to trade your coins. I usually sell my coins when it can get profits around 30 - 50%.
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If you wanna play little, yeah you are right. Sell certain percent higher, or put a stop loss and sell 10% lower for example. But crypto is about greed. We need 3x 5x :D
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Yes, greed is expensive, I recently had a case I bought only after ICO tokens for $ 200, when they entered the stock exchange their price was $ 1,800, that's what I did not sell them then, it would be a very good result x9
then their price began to fall, and my nerves could not stand them; I sold them for $ 800, which is also not a bad result.
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Yes, there is depends on your situation.I've been downhill all last year.And then a smaller percent will be glad.And greed certainly does not lead to good.
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Getting of profit is a certained thing by all traders, losing everything is the heartbreak. Selling when you feel is best for you to make good profit is okay, but know that the price could also go lower than you expected. 20% is kind of small when its on a bull market, yet it is profit, but on a bear market that is a more profit made. Trade like a pro not hit and run or try luck.
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Everyone should have their own planned profit bar. In Trading, you need to do the opposite, you see the growth soon sell, 10-20% increase in the price of the coin is an excellent result. Remember, 30% you can not wait and go to the minus)
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You are right profit are the best to take if it is 20% increase where you bought it, waiting to much for it to go any further might disappoint you but this is as well much more worth if you wait for 100%+ increase but that is almost impossible or very hard to achieve it is either you reach that increase or will fall further than where you invested
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Greedy is Very Harmful for treading . Everyone should Avoid greediness. Many Traders and investors lost their capital for Greediness. Greediness destroy Traders Sentiment. Then they fall lose. So everyone should Avoid Greediness.
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Never think to be greedy on trading, it will make us hard to gain profits. The best way is to make a specific target and just trade our assets if the target already reached. Be greedy is not good at trading, we must control our selves and think rationally.
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
To make such decisions, you must also take into account the general condition of the cryptocurrency market. If the market grows, then we can expect more than only twenty percent of the growth of our cryptocurrency. With a good market growth, the price of cryptocurrency can increase significantly. If the market is relatively stable, then of course, one should not expect a large percentage of growth. Here your opinion is quite appropriate.
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Most of the times, our sentimental outburst breaks that rationality within us, due to which most of the traders do become greedy and tend to over trade. This takes them nowhere, but closer to losses in the long run. One must draw a line of target and make sure that he’s trading within that constraint.
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greed can play against us, because because of greed traders sometimes can’t stop in time, but greed and thirst for money helps to move forward and achieve more.
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Yes brother you just say very important and effective. Greedy has a bad impact on cryptocurrencies market. I am a victim of greedy habits. I don't sell my bitcoin and Ethereum whrn market was high. Now market position worse in...
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It is true. We don't be greedy to gain unrealistic profits. If we are gaining more than enough profits, we can consider selling our assets before the next decline or dump happens. I have regretted many times because of hoping for higher profits, that's very unfortunate.
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
every trader of course all want to get a big profit, but for example we are greedy and want to get a very big profit and what we want is exactly the opposite of the loss we will get, day trading, we should not wait for a price increase to 95% of the current price we buy it, even an increase of 20% can actually get a sizable profit, so greed on the traders can indeed cause defeat.
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In my opinion, the best time to sell is when the market price of the coin is 20%+ higher than the market price at which you bought the coin. Dont wait till the market price is 95%+ before you sell. That only happens when you got your eyes glues to your machine 24/7. Dont be greedy... Make a little profit and grow it over time. Cryptomarket is growing and full of terror! Be careful
I agree with you. But this is not called greed, but stupidity and the inability to focus on trade. I understand that our plans change over time and during the trading process itself, but there should initially be a plan that you will adhere to in obscure situations. And these 20% are just this initial plan.
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Both greed and fear makes people irrational when they trade, so traders should keep them in check. Or at least try to do so.