After years in the crypto game, my biggest regret isn't losing money, but making a few million without cashing out.
In that bull run of 2020, I heavily invested in a coin that skyrocketed in just a few months. I was grinning like a fool, staring at my balance every day, even thinking about which property to buy.
But I made the classic mistake that most traders do—being too greedy.
I kept thinking it would keep climbing, and then the market flipped on me faster than anyone could imagine. The millions I had made were quickly spat back into the market $COS .
After that, I truly understood: knowing how to buy makes you a novice, but knowing when to sell makes you a pro. I set some hard rules for myself.
First, take profits in stages.
When it hits my target, I’ll pull back my principal and lock in profits, leaving the remaining position to ride the trend, without fantasizing about selling at the peak.
Second, set stop-losses in advance.
If losses exceed expectations, I’m out immediately. When the market goes wild, execution is more important than judgment.
Third, don’t be greedy for the last bit.
I don’t want the fish head, and I’m not grabbing the tail; I’m just eating the safest part in the middle.
Over the years, I’ve seen too many people make money only to give it back because they only know how to chase, not how to cash out $LAB .
Now, my main goal in trading isn’t to get rich quick but to survive long-term. Profits that are in your pocket truly belong to you.
If you want to avoid pitfalls and learn real profit-taking and stop-loss strategies, feel free to hit me up @Ming_铭哥 .
In that bull run of 2020, I heavily invested in a coin that skyrocketed in just a few months. I was grinning like a fool, staring at my balance every day, even thinking about which property to buy.
But I made the classic mistake that most traders do—being too greedy.
I kept thinking it would keep climbing, and then the market flipped on me faster than anyone could imagine. The millions I had made were quickly spat back into the market $COS .
After that, I truly understood: knowing how to buy makes you a novice, but knowing when to sell makes you a pro. I set some hard rules for myself.
First, take profits in stages.
When it hits my target, I’ll pull back my principal and lock in profits, leaving the remaining position to ride the trend, without fantasizing about selling at the peak.
Second, set stop-losses in advance.
If losses exceed expectations, I’m out immediately. When the market goes wild, execution is more important than judgment.
Third, don’t be greedy for the last bit.
I don’t want the fish head, and I’m not grabbing the tail; I’m just eating the safest part in the middle.
Over the years, I’ve seen too many people make money only to give it back because they only know how to chase, not how to cash out $LAB .
Now, my main goal in trading isn’t to get rich quick but to survive long-term. Profits that are in your pocket truly belong to you.
If you want to avoid pitfalls and learn real profit-taking and stop-loss strategies, feel free to hit me up @Ming_铭哥 .