When to keep the trade and when to close it?

[Loly 0]

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?

[CryptoMaxim 3829]

59 minutes ago, 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 first analyze the market for the last 5-6 days after that I wait for the lowest price that was during this period and buy the asset. I also act with the closure of the order.

[febriyana 934]

Here my advice maybe you can get the idea when you need take buy and sell.

First you must see the graph everyday.

Because for me that is important indicator. So if your coin have oversell in indicator you can buy it. If that is overbought you need sell it soon. 

You can calculate by yourself to target how many profit you need. I prefer take profit around 1%-5% more than that i think only lucky. But how if the price always going down? I prefer to hold it until the price going up again. But if you have some feeling that is not right, just sell it.

[miskyming 1588]

If you really like to earn in trading just keep doing it. Just stop when you feel tired. It is important that you have a free time for yourself, but it is up to you when you will stop. 

[vivek jain 308]

i would say learn technical analysis for it.if you want to know when to start trade and when to close the trade.only technical indicators will give you signal for it not humans.so,,learn technical analysis.

[jmigdlc99 360]

Nobody can really tell when to buy or sell a stock, especially in the crypto world where everything is so volatile. However, what you can do is to learn technical analysis and learn how to read historical trends. By doing so, you gain an advantage over the average trader.

[xprince1996 865]

16 hours ago, 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?

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.

[scorpiali 5626]

If any body really know that they can be a millionaire LOL It's so hard to answer this question right now and specially in Crypto currency because it's not stable market you can't know where the price go even the professional analysis

[Nurul Huda 944]

17 hours ago, 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.

Your advice is good and quite convincing about coin trading.

Of course we must know the rules first before buying it at a low price, then sell it under the high price so that you continue to make a profit.

Actually the simple thing about trading but you must have a good mind in trading so that you continue to get big profits.

[nasipadang 399]

18 hours ago, 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?

You must set a goal loss and profit, as did the signal group to do cut losses or cut profit from the start of your trade. In technical analysis when trading we usually have set goals that I mean, so that when there are some conditions that are not appropriate we can do the cut.

[Yanadia 1517]

In trading of course we want good profits.  If you want a daily profit means you don't have to wait long. When you see the price of the coin you buy. If you go up you can sell it ( mean close.it ) 

[nicolas1234789 2566]

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.

[awaiskhan 175]

For good and appropriate decision for making trade is that you watch the news of cryptocurrencies that what is going to be happen, what new advancemnets and securities are going to happen or buyer trend is going to lose on which currency and after it u may decide to keep the trade or to close it.

[silvergain 271]

i always open trades at cheap rate. i bought air token in yobit at cheap price. it moves up little bit. if it touch my desire position then i will close my deal and then will wait with patient until price fall back so that i can buy air token once again with cheap rate where i will get more coins with the same value. that's my strategy of trading positions.

[xprince1996 865]

On 12/15/2019 at 12:37 PM, Loly said:

But sometimes the character of greed predominates on the trader, because he believes that this currency deserves more than that and is waiting to achieve the goal so that he will not regret when the wave rises and does not ride it.

I think it is better to have a profit rather than lossing the chance. Yeah being optimistic is good but sometimes controlling it are not bad idea at all because what if the coin dump instantly i am sure you are going feel regret and that is the start your doubting yourself and destroying your trading strategy.

[coinliker 170]

you need to do daily market analysis. When all altscoins are red there is a buy opportunity and you can easily sell when it up and get profit from that. 

[xprince1996 865]

9 hours ago, Loly said:

Unfortunately, this is what happens at these times to my currencies due to the fluctuating price of bitcoin. The closer I get to the target, a large dumb on bitcoin comes, which negatively affects currencies, and I still don't want to come out with a loss.

I feel bad for you but i think you should lessen your target price 3-5% daily target is good. It is better to have a low steady profit instead of losing your entry.

[kazumina91 148]

When the market goes down after several times a day, you should sell to make a little loss, then go deep, buy it, and when it goes up, you don't buy at that time and it will come down suddenly.
good luck

[vivek jain 308]

i think you are asking the question of technical analysis.for that there are many free tools available on internet which can give you indication about when to exit and when to enter for trading.just google about them.you will have you answer.

[Muhammad atif iqbal 569]

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. 

[xprince1996 865]

On 12/17/2019 at 11:26 PM, Loly said:

I will try to be careful in the coming times, and I will accept a little profit and place pre-sale orders, but now I have to wait until my currencies go up a bit to sell them.

You should try to leverage it instead of waiting in the price to recover because their leveraging you can also recover your losses if you are able to do it right.

[cryptozalmii37 257]

Trading crypto is not a easy task you need experience and patience to trade and you need decision power when to enter and exit from a trade it is very important set your target for what percent you want profit from certain trade

[cryptowinner21 267]

hi my friend! please don't keep your trade for long time! You can lose your profits and your money! Because cryptocurrency price is very volatile. You must close your trade for small profits and take profit! Don't be greedy to keep your trade for big profits!

[Sahbana 212]

Try to trade healthy and not cause frustration as if you already have enough profit, then close the trade at that time, do not need to continue. Don't be greedy, and don't panic in running crypto trading.

[tranhungritc 191]

It is great for the question that any trade investor is wondering about selling or holding, too headache, an experienced and brave person, you will calm the market and handle the sale. losses when it can't be saved, and selling enough interest is not enough when it goes up continuously,