Sell Targets Management
Sell targets allow you to set predetermined price levels where you plan to sell portions of your holdings. This feature helps automate your profit-taking strategy and removes emotion from selling decisions.
Understanding Active Targets
What are Active Targets?
- Price Monitoring: Track when assets reach specific price levels
- Sell Planning: Help plan when to take profits on your positions
- Decision Support: Assist with systematic profit-taking strategies
- Portfolio Management: Track multiple price targets across holdings
Benefits of Using Active Targets:
- Price Awareness: Stay informed about price movements
- Planning Tool: Help plan your profit-taking strategy
- Decision Support: Have predetermined levels for consideration
- Portfolio Monitoring: Track targets across multiple holdings
Setting Up Active Targets
Accessing Target Management:
1. Select a holding from your Holdings tab or dynamic sidebar
2. Look for Active Targets section in the holding details
3. View existing targets and their current status
4. Use checkboxes to activate or deactivate targets
Basic Target Setup:
1. Add Your First Target:
- Enter target price you want to monitor
- Set the quantity you're considering selling
- Add notes about your reasoning (optional)
- Use checkbox to activate the target for monitoring
2. Managing Multiple Targets:
- Add multiple price levels for different selling points
- Set different quantities for each target
- Use checkboxes to activate only the targets you want to monitor
- Review targets regularly as market conditions change
Target Planning Strategies:
Price Level Approaches:
- Percentage-Based: Plan targets based on % gains (e.g., +50%, +100%)
- Technical Levels: Consider resistance levels or key price points
- Round Numbers: Psychological levels (e.g., $100, $1,000)
- Dollar Cost Average Out: Plan gradual profit-taking
Quantity Planning:
- Staged Selling: Different quantities at different price levels
- Core Position: Plan to keep some holdings long-term
- Risk Management: Reduce position size as prices increase
- Profit Securing: Take profits incrementally
Active Targets Interface
Target Display:
- Target List: View all configured price targets for a holding
- Current Status: See which targets are active (checked)
- Price Distance: How far current price is from each target
- Target Details: Price, quantity, and notes for each target
Individual Target Information:
- Target Price: The price level you're monitoring
- Quantity: Number of tokens you're considering selling
- Checkbox: Activate/deactivate target monitoring
- Status: Whether the target price has been reached
Target Management:
- Edit Targets: Modify price, quantity, or notes
- Add New Targets: Create additional price monitoring points
- Delete Targets: Remove targets you no longer want
- Activate/Deactivate: Use checkboxes to control monitoring
Using Active Targets
Monitoring Your Targets:
- Check Target Status: See which targets are currently active
- Price Updates: Targets update with real-time price data
- Visual Indicators: Clear indication when targets are reached
- Planning Tool: Use targets to plan your selling strategy
Target Notifications:
- Price Alerts: Get notified when monitored prices are reached
- Decision Support: Use alerts to review selling opportunities
- Market Review: Consider market conditions when targets are hit
- Manual Decision: You decide whether and when to sell
Best Practices:
- Regular Review: Update targets as market conditions change
- Realistic Targets: Set achievable price levels
- Risk Management: Use targets as part of broader risk strategy
- Market Context: Consider overall market conditions
Best Practices
Target Setting Guidelines:
- Research First: Set targets based on fundamental or technical analysis
- Be Realistic: Set achievable price levels based on market conditions
- Leave Room: Keep some position for potential higher gains
- Regular Review: Adjust targets as market conditions change
Planning Tips:
- Multiple Levels: Set different targets for different price points
- Risk Management: Use targets as part of your overall strategy
- Market Awareness: Consider market cycles and conditions
- Flexibility: Be willing to adjust targets when needed
Troubleshooting
Common Issues:
Targets Not Showing:
- Check Holdings: Ensure you have holdings added to your portfolio
- Refresh Data: Refresh the page to get latest price updates
- Target Configuration: Verify target prices are correctly entered
Price Issues:
- Data Accuracy: Verify current price data is updating correctly
- Target Levels: Check that target prices are realistic
- Market Conditions: Consider market volatility and price gaps