When to keep the trade and when to close it?

[Gidosman 0]

U kept  when  the trade is not in respectable situation or has not  yield a large amount profit and come together it once it has grasp a peak 

[Gidosman 0]

It’s most excellent to obstruct cryptocurrency trading as soon as you can’t achieve what you want. In a declining crypto market, near are for ever and a day risks and a merchant be supposed to use this into account. 
 

[Gidosman 0]

I believe we each and every one recognize a tiny about bitcoin trade. You canister curb on saling coin after you identify bitcoin is above what is usual in value and you bottle concentrated it while the estimate is low. That's my individual point of view 
 

This decision is overly intricate for you, the valuable maxim that leads to hit is that you make up a firmness that still has a risk of success,  you will not at all happen as expected because you won't do it
 

[Brushless4500KV 4214]

2 minutes ago, Emon00 said:

This decision is too difficult for you, the important saying that leads to success is that you make a decision that still has a chance of success,  you will never succeed because you won't do it

There is not a limit for keeping or closing a particular trade. You can stay on your trade for as long as it is profitable for you but always bear in mind that the more you stay, the more you take risk. In order to be conservative, it is better to close the trade whenever you think you have gained enough profit compared to the time you have spent. For example, if you gained 50% profit in one day that is a proper earning and you should exit because the risks of losing after that is more than earning.

[SuperCrypto 7193]

Learning the trading rules and tracking the news of the digital currencies that you are trading in will help you in knowing the entry points in the trading deals and also you can distinguish the exit price from the deals.

[Jhadhasan 872]

It is not logical for me to open a deal and then define what my goals are, you must define your goals before entering into the deal so do not exit from the deal before the price reaches the goal you set

[MuhammadSh 3067]

when you notice a huge amount of buying or selling of any crypto currency so that you should decide quickly to buy or sell

and this isn't easy as it sounds you should have enough knowledge to do it

[Karani 99]

It’s important to have a predetermined entry and exit position before you begin trading. However, the experience you gather while trading will naturally reveal the right entry and stop time.

[Shahud 1319]

At this situation we should set our least price to buy the asset .after buying the same coin then we should fix our desired price to sell the coin.if the coin price reach to our fixed price we should sell it without being greedy.

[Lacktxz 13]

This community really helped me. I want to be a great trader or a successful one but I really don't know where to start and how to start. I want to be a successful trader but I need to understand it, I don't want to take a risky way in my life if I am still not ready. I am willing to invest time to understand trading even it takes years. I am willing to take the risk cause I know I can lessen that risk when I understand trading.

[fo1lluko1l 487]

Keep trading only if you bought a good coin that will grow 100% someday, and close if the coin is not popular and there is not much demand for it.

[MuhammadSh 3067]

you should determine how much could you lose to know when to close your trade

i suggest you to read and learn more about TPA strategy because this is really one of the best for trading!

[AmjadBydn 0]

I think no one will obey your positive or your affect! Because there are no specific laws that can be passed on! But through your experiences you can predict and make good on your expectations!

[phizusiki 239]

It depends on you and the amount of knowledge you have. Need to be able to supervise specialized investigations about your coins need to exchange. What you can do is to identify formal psychoanalysis and study how to tell time trends.

[SuperCrypto 7193]

Large moves in currency trading, with the maximum risk of reward, come several times a year, so do not trade for the same trading, wait for these important moves - it is these that will bring you big profits, and make that your goal of trading.

[Ahmeddominik 126]

7 minutes ago, SuperCrypto said:

Large moves in currency trading, with the maximum risk of reward, come several times a year, so do not trade for the same trading, wait for these important moves - it is these that will bring you big profits, and make that your goal of trading.

Thank you my friend for this post and thank you for providing the important information. I wish you good luck

[SuperCrypto 7193]

Place the trading breakpoint close to the entry point and exit due to volatility in the market. I have seen traders place stops at the first support in an uptrend, and of course they are taken out.

[Trader21 1199]

8 hours ago, Loly said:

It is not enough to rely on feeling or intuition in trading. You must study the currency chart and know the support and resistance areas to know when the deal should be closed.

Even the experienced financial market traders hesitate to read the crypto charts due to the irregularities in the new volatile crypto markets. I prefer to use technical indicators like indicators for reading charts.

[Opinder 1310]

On 12/14/2019 at 4:00 PM, 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?

I think we should select our profit limit because in this case we would know that now I have to close the trading as I have reached at desired profit. If you do not fixed any limit for profit then you would follow your greed and wait for more high price throughout the day and may face loss.

[Balimovic 7]

I see no reason why the business need to time constraints. It should be open always any time for who is interested

[scorpiali 5626]

5 hours ago, Tomas2020 said:

Adhere to the trading plan, that advice may be the most important at all, adhering to your plan based on a thoughtful technical analysis is the safety valve for you and your sure way of profit.

Right every trader before to enter to any trade they make a plan when to buy and when to sell if any one have a good plan they can't ask this question, it's the good solution at any trade I think

[SuperCrypto 7193]

To take a decision in this matter, determine the exit points before entering into the deal, as this is necessary. Think about the levels that you target in the desired direction, and what is the reasonable level of loss to withstand if the market reverses and avoids the big loss.

[btrigor 5]

15.12.2019 в 06:37 Лоли сказала:

Иногда это требует большего, и ждет достижения целей, когда волна поднимется и не прокатится на ней.

Подскажите на каком тренде лучше заработать,  на лонге или на шорте, что ефективнее.

Edited February 14, 2020 by btrigor

[Shaza Ahmad 1682]

On 12/14/2019 at 5:30 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?

I suspect that bitcoin controls a lot in the market and dominates it. When there is any change in the price of bitcoin, we find that the entire market is followed by that. Those who want to make profits must follow the Bitcoin movement throughout the day to know when to open or close deals.

[Ms.o 3322]

Its really hard to determined when to buy and sell,it is on our own way to know the right timing,and what i did is to check the price history,if i see that a certain coin is at low or kinda low price i buy,and i sell if i gain even small profits.