Hi Steemers
I am writing this article to help some of you with regards to the 'selling window'.
Personally I watch the graphs gradient grow and however many dollars or cents it is going up you can determine a quick run or a stable incline of price. Personally I love to watch these things run but you never know when they are going to so you might not be at your computer. Watch this run until it hits tops, naturally big players are going to cash out and the price will drop drastically, as it starts to drop, sell immediately ( THIS IS WHAT I CALL MY SELLING WINDOW) so you make you profit. Alot of these currencies drop faster than they rise, sure a few traders can vouch for this opinion. Then I usually buy again at bottom and wait for it to run again. The price will naturally hit bottom and rise a bit then stabalize as this seems to be the ongoing trend with most decent currencies.
Yes this is fun, but you should be looking at investing in currencies with backing so you know the value can only go up, it will still be volatile but long term it will be going up. For example:
Bitcoin has to be mined, then distributed, then traded and there are only a certain amount of them ever.
Steem has to be blogged, then distributed, then traded - steem community grows - more steem in circulation - more tradeable - higher the price.
Do your homework on currencies with blockchains backing them or countries about to accept them so you can evaluate if it is going to grow in value. If a currency is simply free i'm very skeptical of these, not that you can't make money out of them but always scared they will never grow.
Hope this helps some of you out - remember these tips are simply my opinion, i'm no investment advisor but have adopted these strategies and made some good money off cryptocurrencies. Very open to other peoples opinions on the way they trade and when to sell so we can all learn.
Happy trading steemers!!!
