WHEN TO SELL YOUR CRYPTOS! The guide that NOBODY tells you

robot
Abstract generation in progress

Damn it! I've been in this world for years and I still struggle to decide when the hell to sell. I swear I've seen so many "pros" brag about their perfect strategies, but then you see them crying when the market crashes.

Let's get to the point: NO ONE knows for sure when to sell. I have made the mistake a thousand times of holding onto my coins while watching my profits disappear. It's like a casino where greed always ends up winning.

The harsh reality of the moment of sale

Look, the crypto markets are a damn roller coaster. One day you're counting your virtual gains and the next you're wondering why you didn't sell at the highs. I've lost more money by not selling than by buying badly, and I bet you have too!

The truth is that you need to establish YOUR OWN rules:

  • When your coin rises a percentage that makes you happy (30%, 50%, 100%), SELL something! Not everything, but secure some profits.
  • If you see signs of exaggerated euphoria (all your friends buying, taxi drivers talking about crypto), consider selling part of your portfolio.
  • If you change your mind about the project or see red flags in its development, exit quickly.

The key moments I have identified

From personal experience, these are the moments when you SHOULD consider selling:

  1. When you see absurd returns in a short time (200%+ in days)
  2. When your investment represents a significant amount to you
  3. When the market seems to be at an irrational peak
  4. When significant negative news appears

The psychology that nobody mentions

What really messes with you is psychology. When everything goes up, you feel invincible and think "It will keep going up!". But believe me, those feelings of euphoria are the BEST sell signal.

I have seen too many portfolios go from $100k to $10k because no one wants to admit that maybe, just maybe, they should have sold at some point.

A strategy that works (for me)

Divide your sales. When you reach your initial target, sell 20%. If it goes up another 25%, sell another 20%. And so on. You won't try to guess the exact maximum, but you'll sleep soundly knowing you've secured profits.

And you know what? It's okay to make mistakes. I've sold too early and regretted it. I've also sold too late and regretted it even more. But that's part of the game.

In the end, the best strategy is the one that allows you to sleep at night. If you are obsessed with checking prices at 3 AM, you should probably sell something and relieve that mental pressure.

My final advice? Define your goals BEFORE buying. Write them down. And then, for the love of God, KEEP THEM! Your future self will thank you.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)