$BTC Trading, taking profits and cutting losses is not some profound technique; it's just for two words: survive.
Many people lose money terribly, to be honest, it's not that they misjudged the direction, but they simply don't know how to stop.
When it's time to leave, they are still greedy, always thinking it can go up one more wave, only to be slapped in the face when they turn around.
Those profits that were once in hand, a pullback can take them all back, and even lead to losses.
Taking profits is particularly easy to underestimate.
That's human nature; once you taste sweetness, your eyes become greedy, and the thought of "just one more bite" can't be stopped.
But the price of the coin won't always rise—what can be put in your pocket is the real profit. When the market reverses, there won’t be time for regret.
Cutting losses is even more of a lifesaver.
If you're wrong, you're wrong; don’t fantasize that the market will go easy on you because you are fully invested.
It won't. A wave of decline will mercilessly cut you. Leaving the market in time feels painful, but that’s the price of survival.
The reality of the crypto world is very direct: whether you make money depends on ability, and whether you can survive depends on discipline. First, get past the hurdle of taking profits and cutting losses, only then will the opportunities truly come to you.
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