When to keep the trade and when to close it?

[phizusiki 239]

On 12/29/2019 at 4:50 PM, Hamk said:

Yes, i was talking about trading in general, but in bear trading, we sell only to take profit

By selecting the appropriate entry and exit points, prices will be more predictable. This comes within the framework of technical analysis. The market will see a good increase in currencies and I will be able to sell my currencies without losing them so I want to forget them and leave them until the time of recovery.

[Maroua 1159]

No one should be dragged behind their emotions in opening trading deals, after the loss, do not try to compensate for the loss, but stay away from trading for a while, open deals that you are only sure of and not deals to try your luck, is it good or bad, you open a deal that you have not tried On a demo account, the chart has not yet been analyzed.

[SuperCrypto 7193]

You should set specific trading objectives such as following the currencies you are trading on and know the best price to buy as well as the best price to sell in the short and long term, and always be a good researcher for articles related to trading digital currencies.

[Brushless4500KV 4214]

When to keep on trading? I continue my trading if I see the value of my asset(s) are still rising vigorously. If I see the rising has slowed down or has stopped, I think about selling or converting to other coins to keep growing my capital. However, if I see stability in prices, I will still keep holding to see what is the next direction.

When to close a trade? I often don't start a trade out of nowhere. I usually set a target price for earning a certain profit before buying any coin. After my purchase, I keep an eye on my coin to see when it reaches my target price. When I reached my goal, I will close my trade by selling my coin and I don't think about holding it longer to gain more because this will result in greedy actions.

[aqua 773]

When we keep the trade is we can still analyze the market, and we can get the right price to buy and sell. But if somehow, we cannot get that time, that means we need to leave the market for a while until we can get another right time to enter the market. It is not easy to get that time, but we can find that time by analyzing the trend and where the price moves because I am sure that we will get another information or clue to enter the market. If we can get that, we can place the order to buy or sell so we can buy or sell at the right time.

[ahmedasd 192]

in trading you should be smart to earn and if you want to know is that crypto will goes up or down you should use you technical skill for analysis the crypto and you can learn more from other 

[BitcryptoHan 2557]

When I gain already, I set a stop loss, I put it in a way that I will not lose the profit but either gain more. The thing I first always wish is to gain so that I can set the stop limit in a profitable way. 

[SuperCrypto 7193]

On 4/13/2020 at 6:18 PM, kipara said:

For my best strategy that's I'm using since I'm starting to trade yesterday, I'm open the order when the bitcoin is at the low price of the day, and sell it or close it at the high price of the day.

This is a good strategy, in my opinion, only you should know the top of the trend and its bottom by determining the levels of support and resistance, as the best time to buy is at a level close to the support level and the best time to sell is at a level close to the resistance level.

[melikf78 987]

you shouldn't spend all of you money on one coin and when you buy a coin you should have a stop lose and target for yourself and when price touch target or stop lose you should sell that coin.i think 5% is a good stop lose but target depends on a lot of things.

[phizusiki 239]

On 12/15/2019 at 10:18 AM, xprince1996 said:

That is why it is important for the traders to develop self discipline and limiting your greed because greed is the number 1 reason why you can exit a trade when you are in profit.

I waited for the lowest price during this period and bought the property. If your coins have overell in the index, you can buy it. If it is too buy you need to sell it soon. It is important that you have free time for yourself, but it is up to you when you will stop.

[phizusiki 239]

On 12/18/2019 at 2:57 PM, Muhammad atif iqbal said:

Well you asked I think when market going down buy it and when market going up sell it But at some point the market is going up and down so fast that it becomes difficult to decide what measures to take and when. 

When all the altscoin is red, there will be an opportunity to buy and you can easily sell when it is up and get profit from it. They are often devices that can be realized for use along with learning from your errors. You cannot keep making money.

[George10 9932]

When you open a trade it's better to make the price target for taking the profit or stopping the loss if the price is going in an opposite direction and the loses are beyond what you can bare to witness it is important to close the trade during these moments.

 

[Crypto123 0]

On 5/19/2020 at 5:35 AM, George10 said:

When you open a trade it's better to make the price target for taking the profit or stopping the loss if the price is going in an opposite direction and the loses are beyond what you can bare to witness it is important to close the trade during these moments.

 

Yes, stop loss is necessary when you find that the price is going in the opposite direction, this is mainly made to make you lose a little rather than lose a lot. You can also sell at the highest available price and buy again from the bottom.

[Brushless4500KV 4214]

I start a trade when a long fall of prices appears in price graphs. This is when most traders usually react with resistance. They buy to keep or raise the prices. I also join them to buy. I keep my trade until a long price rise appears. This is the time that some traders will panic and sell because they believe the next trend will be loss of value. I sell at this point and withdraw my profit. This is the way my trades go on usually but there are some exceptions. In my long term trades, I don't care about long and short movements. I just set a target price for selling and don't touch my coins until that price is achieved.

[BitcryptoHan 2557]

14 hours ago, Crypto123 said:

Yes, stop loss is necessary when you find that the price is going in the opposite direction, this is mainly made to make you lose a little rather than lose a lot. You can also sell at the highest available price and buy again from the bottom.

I did not use stop loss recently and this are me lose almost $100, at it been i'd used it, I would not have lost so much. But this was a good mistake to correct my trading. 

[Raqeebzy 6456]

I don't actually use trading bots and I wouldn't recommend it especially for beginners, because to use trading bots, you must have a very good knowledge of the cryptocurrency market. There are good trading bots though but they might be expensive and requires some sort of manual changes. Trading bots are also good in their own ways ; No emotion attachments, no impatience problem and some other more. 

[koussai999 1986]

Of course, the solution is easy and simple. You must specify the entry point and exit point before entering into trading. This is called the trading plan and the trading plan is one of the most important things in trading because it facilitates these things for you.

[Magnom 0]

Each deal has its right time to keep or close it! You should put limits for your losses and profits.. And this requires a lot of knowledge and experiences in this cryptocurrencies trading world in my opinion..

[Saj555 2250]

I actually run by my own method. And i follow the idea of buy at low and sell at high. And that is quite legit idea i guess because it is easy to earn profit by that way  and it is actually true that a good analysis can do every trading much profitable. So when the rates are in a good position then one should actually trade with the funds. 

 

[AmjadBydn 0]

I think now one can tell you the answer ! because it's depend on the currency that you make a trade with ! if you know that the currency is strong so you have to wait it ! if you know that it's unkown currency so you have to close it !

[Cammer 4609]

On 12/14/2019 at 12:30 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?

This is 100% up to you to decide. You can't just keep asking others about how to deal with your trades. It is all about the market changes too.

[magd 5231]

As long as the trading that we do makes profits, we certainly must maintain it, but it must always be remembered that working on trading in new unstable currencies may be a reason for the loss and forcing us to close the trading and there is a calculated percentage that the trader must set to know whether the profits are good or No

[BitcryptoHan 2557]

8 hours ago, magd said:

As long as the trading that we do makes profits, we certainly must maintain it,

No, there can be abrupt drop, you have to monitor the price because there can be a very sharp fall and nobody wants a sharp fall as it results to losses. 

I will advise to close trade after high profit. 

[Zaino34 0]

I do this several times a day. I constantly monitor the price of currencies and then choose the appropriate time to carry out the exchange. We must always do this to make trading profitable for us.