What do you do immediately after each price rise while trading?

[BullRunBit 2773]

On 12/16/2019 at 1:42 PM, Brushless4500KV said:

As you know, each moment of price rise is a very important stage in trading cryptocurrency. You should know exactly what you must do after that because any wrong decision will have negative results. Let me explain a little more with an example. Suppose you bought 0.05 BTC with $500 investment (buying price = $10K). You are waiting for price rise after that and then you see BTC price rises to $12K. Now I want to know what do you do next? Which of the following?

1 - You sell your BTC as soon as possible and convert it to fiat and spend it.

2 - You convert it to fiat and immediately buy BTC again and hold it in your wallet for the next price movement.

3 - You forget about fiat and hold your BTC longer to get more profit from more price rise.

Which of the above scenarios is closest to your trading strategy and which one do you think is the best thing to do?

I will add

4. and that is if price go up for example +20% you sell 20% (profit from your break even) of your investment and if price go more up you sell again some part of your investment but if price go down after you sell you buy again more for example BTC.

I will write example:

Like you say for example you buy BTC with 500$ at 10k$ and you get 0.05 BTC price go up till 12k$ that is +20% and you sell 0.01 BTC (20% from 0.05) you will get around (without fee) 120$ and price go down till 11k$ and you buy again BTC you will get around 0.001 more BTC.

 

Point is, that you make more BTC not to cash out small profit.

[Beryymark 126]

Well once I noticed my bitcoin rises I will surely sell the profit out because i didnt sell that time is it when the value decreases? No,i will sell it when the value increase that's why  I invested in the first place so holding isn't the best options my fellow investors

[KAIDI 204]

If I am a beginner then absolutely I will immediately withdraw my currency from the market because I thinks it is huge profit for me and I can't afford further loss. But If I am an expert then I will fight with that currency to makes it's value more high.

[Mr.Rayan 2]

Thank you, my friend, this post is attractive for tracking a useful investment plan in many trading ways. I will choose something of mine. I will take 20% of the profits or 30% for myself and leave the rest of the investment waiting for another rise.

[joemcgwa 3227]

If you have not buying any coin yet and you see the coins already pumped up, you must do research for how many coins has grow the same and find a coin that's also grow but doesn't reach the same level of others coins and then buy it.

[Smallingcane012 344]

I will be relevant to everyone if the price rise immediately but some people will not relevant to other people or friendly to other people due to their thinking.

[Maya20 1048]

A research about the currency's price must be done before buying and selling, and also a technical analysis of the currency must be done, thus we will avoid losing our money in trading.

[Arslan Ch 2163]

I think it depends on your plan before staring that trade as If you have the plan of long term trading trading then this slight rise in price wouldn't matter a lot and you should wait for more but If you invested for a short term e.g. swing trading then For sure I will sell it to earn that profit from it.So Its all about your plan and strategy that what you going to do.

[Anshamaraam 327]

This is a very tough question but i will only share my experience that , when i see some markets are going up then it shows us how we go through the market , so i divide my money in pairs and invest in other crypto currencies.Thanks

[Cleaner 2549]

It is important to have all the knowledge and information in the crypto world to trade.  If you understand the market and technical analysis of crypto coins then you can make a good decision.  Buying a coin at a lower price and selling it as the price goes up will not be the right decision.  However, I will look at the coin market and observe its technical analysis.  So I will not turn it into a Fiat as the price goes up.  When the price pumps, I will turn it into Fiat

[Malikjnb 1235]

I think when very prise rise up we buy it and hold it for a long time. When I think it is no more rise up I sell it  then I take a good profit. I  will convert my btc to fiat and I leave a rest  keep looking at market. I suggest you to invest in bitcoin.

[Abdulrahman3 1252]

The method that is closest to the one that I use, and it is the method that I think is the best ever, is to keep Bitcoin as currently as possible, because all expectations indicate that Bitcoin will continue to rise.

[The Game 2059]

Well in my own view when I noticed the increase of these crypto currency, I always make a series research about it and look at the previous map when the price is high, how many days did it last as well as how many percentage did it reach before selling my coins.

[Adrian Atiencio 156]

Hello, I think you should be more careful when buying in maxima, it is something potentially dangerous, for my part, when I see maxima either in the bitcoin or in any other currency or raw material the only thing I do is observe the graphics until getting better opportunities being well positioned. 

[Sandra98 199]

Trading basically needs flexibility. First, capital must be preserved and not converted into fiat quickly, the more you keep your capital, you can make more profits, and you must have experience in technical analysis in order to be able to know the places in which you must sell in order to buy from places Low and make more profit.

[Rozy 1918]

I have not experienced this scenario yet but what I would do is to sell my Bitcoins for a Tether and wait till the prices of Bitcoin cools down, then I will buy with my essential capital as much Bitcoin as possible and I will withdraw the profit and spend it on my essential need, so my plan is a kind of mixture between two possibilities of what you have mentioned. 

[Cree 11]

Generally, I settle on my choice before I exchange, I do a specialized investigation of the money that I need to exchange on and at the principal ascend in the cash and arrive at my objectives I sell and leave, the remainder of the work relies upon the market in the event that it is steady, I keep up bitcoin, however in the event that I anticipate that it should diminish, I convert it to dollars, best of luck .

[FurryHuston 0]

I am new on this forum and making our posts useful and helpful to the other members. This forum is real and very good for earning and learning at the same time and very good for earning.This forum is real.