When I am awakened by the notification of the market software at three in the morning, I always think of that summer in 2017, filled with the aroma of instant noodles. At that time, I didn't know that the words 'floating profit' could be more intoxicating than the chilled beer from the big stall downstairs, and more piercing than tap water in the cold winter.
As an old hand who survived the 'Shanzhai coin carnival night,' I will never forget the project called Ada. At that time, it was only a few cents each, and I bought quite a few with the mindset of 'even if I lose, it's just the price of a hot pot meal.' Looking back now, that was not buying an asset; it was simply stepping on dog shit and scratching a lottery ticket.
Three months later, when I opened my account, I almost threw my phone out; it actually rose to over a dollar! The account balance increased nearly 40 times, and at that time I was walking on air, even dreaming of picking school district houses, calculating that 'if it rises more, I'll liquidate and pay in full right in the city center.' Looking back now, my arrogance at that time was no different from an old man in the market who just won 50 yuan in the lottery and was boasting about treating everyone.
So what happened? 'Greed' is a knife, and this knife in the crypto circle is always quick. Before I even had time to choose a property, the price dropped like being on a free-fall ride, plummeting back to 20 cents in just a few days. I watched helplessly as the numbers in my account shrank from 'can buy a house' to 'can only buy a toilet,' and I was even close to not being able to keep the 'hot pot money.' That night I stared at the screen until dawn, finally realizing a truth: in the crypto circle, those who buy are just apprentices, and those who sell are the true masters.
In these eight years, I've seen 'new crypto rich' showing profit screenshots at 4 AM, and I've seen 'retail investors' crying in forums a week later asking to recover their losses; I've seen people who keep saying 'hold long-term' end up uninstalling the software after losses, and I've seen strict discipline leading to profitable exits. To put it simply, this market lacks opportunities; what it lacks is a mind not bound by emotions. Today, I'll share with you the valuable insights I've gained through real money, especially suitable for workers who don't have time to watch the market.
Let me start with the good news: you don't have to rely on praying to take profits; a ladder strategy keeps you safe.
Stop believing in the nonsense of 'either double or go to zero'; real profit taking is breaking profits into small pieces, little by little securing them. The 'ladder profit-taking method' I currently use has been tested and proven effective. For example, if the project you bought rises from 1 yuan to 2 yuan, first sell 30%. This step is particularly critical, equivalent to retrieving the principal first. Even if the remaining position drops significantly, you won't incur losses, and your mindset will be as steady as an old dog.
Wait for it to rise to 3 bucks, then sell 30%. This part is pure profit, whether you use it to buy a bag or pay rent, it's better than lying in the account as 'digits.' The last remaining 40% will be entrusted to a mobile stop profit strategy, setting a 15% retracement line. As long as the price falls that much from the highest point, it will automatically liquidate. By doing this, you won't miss out on major trends, and you won't let a cooked duck fly away, which is a hundred times more reliable than blindly guessing 'where the top is.'
Let’s talk about hard rules: stop loss should be more decisive than breaking up with a bad boyfriend.
If profit taking is icing on the cake, then stop loss is a lifeline. I have a strict rule that I have never broken: the loss on every trade must not exceed 5% of the capital. After each purchase, I immediately set a conditional order, placing the stop loss line at a 10% drop, like putting an 'airbag' on the account.
Surely someone will say, 'What if it goes up after I stop loss?' I tell you, in the crypto circle, 'missing out' is always better than 'losing everything.' The market is like a vegetable market; if today's cabbage is sold out, there will still be more tomorrow. But if you lose all your capital, even if pork prices drop significantly tomorrow, you can only watch. Remember, as long as you keep your capital, you won't fear running out of resources.
To be honest, the crypto circle has never been a casino; it’s just that too many people treat it as one. Those who can make money in the long run are not the luckiest, but those who can control themselves; they don’t chase highs or panic sell; they are not greedy when taking profits and not hesitant when stopping losses.
Next, I'll be sharing the actions of the Federal Reserve and the new trends in the market with everyone in real time. If you have any pitfalls you have encountered or insights you've gained, feel free to share them in the comments section. Let's band together for warmth, and don't be the 'little leeks' who get cut again. Follow me @帝王说币 #加密市场观察 $BTC
