Many people, especially the new bies find it difficult to trade in crypto currency. The truth is no one can predict precisely when to off load your crypto tokens you have been gathering and holding for some time, in fact everyone always get convince at one time or another when determine a moment when selling will maximize their profit. One may sell at a moment and heavy pump will follow suit, on the other hand, one may sell a moment and heavy dump will follow suit. So no one can precisely predict a perfect moment to sell.
[Image source: Flickr]
Precautions To observe in order to reduce the risk and enhancing the profit in crypto investment:
Always buy when the crypto token is low
Always sell when the crypto token is higher than when the purchasing price
Reduce your investment with new crypto token
Spend little time to observe the rise and dump price of the crypto token you want to invest in
Have a long term plan for your token, that is don't sell when there is no basis for it
When selling, make sure you don't sell all your token, always have a reservoir
Thanks for reading, I hope you have gained one or two things.
Your comments and more insights will be appreciated.