When to keep the trade and when to close it?

[SuperCrypto 7193]

On 1/9/2020 at 1:16 PM, King Raja said:

For this you need technical analysis and financial analysis and keep an eye on to the news about the coin you have bought are about to buy.

One of the most important things to learn as a trader is knowing when to stay out of the markets. The markets are not the best place to stay, and you will not always be in the best mindset. Even if you are in a suitable mental arrangement for trading, it is important to know when the markets are so volatile that it is not recommended to trade it.

[Kenan mehoub 540]

I monitor the general union of the Bitcoin movement if it is bullish. Keep the Bitcoin balance. If it is bearish, turn it into dollars.

[aqua 773]

The right answer is up to you, and only you will know when the time to keep the trade and when to close it. But for me, as long as I can see the profit, that is the time for me to close the trade because if I wait for a long, then I will lose the chance to get that profit.

[palalu 512]

I think before choosing close it or keep it, he must know about technical analysis, because with technical analysis a trader can know what to have to do

[talo122 735]

You can help your self make that decision by defining your entry and exit rules of your strategy befor even you make the trade. 

[Goody28 259]

On 12/14/2019 at 12:26 PM, heelsibat said:

When the altcoins has the red line, that means the price is low you have to buy them. And when the price is hight you have to sell them. Simple thing about trading.

Yes you are right understanding the market is a very crucial feature we always have to pay good attention to the market daily

[duncun007 3577]

On 12/30/2019 at 6:59 AM, SCB1234 said:

I believe using MACD and Stochastic RSI are the best indicators to use to look for entry and exit positions. This is moving average convergence divergence, and Stochastic relative strength index. When all of these positions agree, it is a good sign to enter/exit.

i think i have used both mcad and rsi and i can tell you 100% they  never work with me and i think i just wasted my time learning those indicators.

[Whydoyoucare 1094]

For me i am doing day trading, and i only trade like 8 hrs a day. and thats the time i stop trading even if i dont earn profit i stop because thats my limitation 8 hrs a day.

[DavCrypto 298]

Do you really think there is a logical technical reason for continuing such a big step in your direction before the reversal, or have you become just greedy? Remember, though, that trades are going a lot in your favor does not necessarily mean that you should keep them open.

[Lubruselu 2803]

The time to keep the trade is only when you see the coin price has fallen that's so you buy, and close the order when you see the coin is pumping a lot 

[Naga 1250]

i think for me i will always keep the trade open as long as bitcoin price is stable but for the times bitcoin starts going down or starts pumping i know altcoins will dump hard.

[SuperCrypto 7193]

Getting out of deals very early is something that many of you struggle on a regular basis. I know this was one of the most difficult business mistakes to overcome. How many times have you manually exited either with a small win or a little loss and then the next day felt like a slap in your face.

[talo122 735]

Patience is good in trading if you are in profitable trading or a losing trade, if you are in profitable trade you must have patience and dont leve your profits to the market, in a losing trade you should give your self some time to know that if you are wrong or not meaning when there is loss dont get out quickly and dont by late also. 

[Syedbesharat 5423]

Find the support in graph then make decision on analysis either market goes up or down.It is good to close trade on small lose then eager to buy large profit.So always keep checking market when trading.

[Abo3laa 813]

Exactly. choosing the right time is one of the most important factors for success. 
In addition to choosing a certain amount of capital when entering into any exchange or investment transaction, 
A rule that says, " risk a fortune you can lose."

[SuperCrypto 7193]

We must study the movement of prices in order to understand well when the price will complete its rise and when it will decline again and when determining the highs and lows we know when to get out of the open trade.

[khan22 3478]

If you are trader and you can analyse the market then you see that the coin price is down then buy the coin which you want to buy and safe that and sell that coin on that time when the market is going to high, simply and make money.

[palalu 512]

On 1/23/2020 at 4:11 PM, talo122 said:

Patience is good in trading if you are in profitable trading or a losing trade, if you are in profitable trade you must have patience and dont leve your profits to the market, in a losing trade you should give your self some time to know that if you are wrong or not meaning when there is loss dont get out quickly and dont by late also. 

I agree with you. In trading, we must not be in a hurry in taking action, because it is detrimental to the many capitals we have.

[ETheHedgehog 3104]

On 12/15/2019 at 8:51 AM, nicolas1234789 said:

You can use stop loss ( SL ) and take profit ( TP ) as limit from your activity. Set it before enter the market and don't change it until the price reach one of them. Many people not use it but like or not that features create to help you safe.

Can you tell me more about how to set these limits? I also see them as great features buy I don't know how to do it

[Brushless4500KV 4214]

On 1/22/2020 at 9:13 AM, Loly said:

Usually it makes more sense to close your trading positions at the most profitable time, because if there is one thing that we agree on regarding the Forex market it is that the cryptocurrency market always swings up and down and is not easy in a straight line for a very long time. 

No one can tell exactly for how long you should stay in the market or to exit in the best possible time. When you have reached a reasonable amount of profit, you can close your trade and withdraw. You can take more risks to earn more by staying longer but it takes more concentration and attention to continue trading and earning profit in the last moments of a bull run. It is recommended to start and close a trade in the middle of safe price ranges (not minimum or maximum points).

Edited January 24, 2020 by Brushless4500KV

[Naga 1250]

On 1/22/2020 at 11:48 PM, Jone20 said:

You really have to stop and ask yourself, “Do I really think this deal will keep either high or low in a straight line or will it be reversed? If you are in a trading position that is up, close it.

i think thats the problem with bitcoin market because we never know if it will go up or down the next day, thats why we all just have stop loss and wait to see how the market will go.

[Lunaa 238]

That's quite hard to do. You need to decide them yourself when to hold or when to closed your trade. There's a lot of factors that you could take, such as you need a target point first.

[Maxtron73 3269]

On 12/14/2019 at 11:30 AM, Loly said:

One of the most difficult decisions that traders face on a daily basis ... is to know when to keep the trade and when to close it. Often this decision is the reason why traders are frustrated and face difficulties during trading, and for this, it is necessary that you learn how to deal effectively when making this decision so that you can finally make money.

Do you have solutions or ideas that help in taking the appropriate decision?

Hi friend this is the most important problem that short term traders need to face and deal with. If you are trading in very short term , you are risking very much more than just buying low and waiting for longer term to sell your crypto.  That is why you mostly have better success by investing for long term , rather than speculating for day trading.

[Hendy1 370]

Hi my friend, every trader must have the right decision and believe in yourself, this will help you overcome your panic or fear. Use your technical analysis and fundamental analysis to make the right decision. This will help you to get enough income. Happy trading.

[Sourav43 106]

When you see that you make a profit, you can make a profit. The price of everything will go up. You can trade when you can invest a lot. However, when you look at the business you are facing losses. The price of everything has gone down.Then stop trading.