Should I buy or sell at this time?

This is a very hot question at this time and I believe it will be the question you want to know throughout this year. Especially during times of strong price fluctuations, the number of people private messaging me to ask about this topic increases every week. To answer this question, you need to answer the questions below:

Kế hoạch đầu tư của bạn là gì?
This is the first question you should determine before starting to invest. However, if for some reason you buy coin A, B, C,... but don't know what to do next, start planning for yourself. Only you know whether you want to invest short-term (weekly), medium-term (monthly) or long-term (yearly). Depending on the time you want to hold coins, make different investment plans. So I can't answer if you ask in general terms like: "Should I sell it?" or "Have you bought it yet or are you waiting for adjustments?"

My plan is long-term and so I don't care too much about any short-term fluctuations. That means when the price goes up, I still buy and when the price goes down, I still buy until I buy enough or the Bitcoin price surpasses the old peak. Maybe this doesn't fit into your personal plan, that's okay as long as you've made a plan for yourself before starting.
How much % of capital did you buy? The above question is the first question you need to answer for yourself, followed by an important issue in investing: capital management. How much capital you have bought will help you plan your next move at the time of the market. If you don't know how to allocate capital appropriately, you can read the article "Capital allocation and things no one may have told you". If you invest long-term, you only need DCA every week/month with the % of pre-allocated capital. This is a simple but very effective way to deal with all short-term market fluctuations.
If you just bought 10-20% of your capital like what I shared in recent videos, you can wait for adjustments to allocate the remaining 80% to buy. Is your entry good? Whether your entry or position is good is also very important. After answering the 2 questions above, you can go to this question. Some of you inboxed or commented on my channel, sharing that you had bought almost all your capital for 1 Altcoin and asked if you should continue holding or should you cut your losses, or asked "Coin A, B, C,... I buy at this price... , should I sell it yet?” This is the eternal problem of most newbies, you come across a coin that is very valuable and you immediately buy it to wait for profits. If you're lucky, you can make a profit of 10-30%, which is normal, but how many times will you be able to repeat this before the market takes away all your capital and profits.

Investing requires a lot of knowledge and self-study to know if the coin you hold is good enough for you to buy even when it drops. If your entry is good, then confidently hold and take profit when you feel it is enough. The simplest and most effective way to take profits if you do not have experience in the market is "X2 take the original profit, drop the profit and gradually close it". Since you don't have experience and are good at technical analysis, this is the best way you can do to ensure victory. How much profit will depend on you. Are you profitable or not? Those who followed me during the downtrend and believed in following me are now profitable. So those who have only known me for a short time should allocate capital to every coin you want to buy for the long term from 10-20%, then look for entry points to buy enough quantity. If you are making a profit, the issue you want to pay attention to most is "Should you sell at this time?".
Taking profit is never wrong, my plan is long term and will sell when the trend is up, will update on the channel when I take profit. However, that is a personal plan because I built a plan more than 2 years ago, you do not necessarily have to follow it for many different reasons. In the end, investing is to make life better, so if you find it necessary, you can take profits anytime you have profits to feel victorious and confident in investing. When the market adjusts and you see the profit you have been waiting for so long decreasing day by day, it will be a very psychological thing.
As for those who follow their plan 100%, they should be mentally prepared for any collapse, in an uptrend there are always adjustments to go up. summary “Should I buy or sell at this time” will depend entirely on the above questions. Anyone who makes a profit will want to sell, but if the price continues to increase, what should they do? Those who haven't bought yet are afraid the price is too high. Should they wait for lower price ranges to buy? This time is extremely sensitive and so you should read this article carefully, re-plan for yourself if you haven't already, to make appropriate decisions for yourself! I hope you can solve your problems and make a profit together because the time for all of us is getting closer every week!