At that time, I bet on a cryptocurrency called ADA, and I started my investment at $0.03, after 3 months it rose to $1.20, with my floating account profit approaching 40 times.
During that time, the first thing I did every morning was check the number of zeros left in my account, I even started thinking about buying a Porsche - but what happened? I didn't sell.
Later, the price of ADA dropped to $0.20, with an 80% loss of profit, and a Porsche turned into a used BYD.
This experience made me understand perfectly: in the world of cryptocurrencies, those who buy are the trainees, and those who sell are the experts.
This set of profit-taking and stop-loss strategies is something I gained through my real financial experience, and it is particularly suitable for ordinary people who do not want to monitor the market.
First, let's talk about profit-taking.
My current strategy is "staggered profit-taking."
For example, when the price of a currency rises from one dollar to two dollars, I sell 30% of my capital first, and thus, regardless of subsequent rises or falls, I have recouped my costs.
When it rises to $3, I sell another 30%, and set a trailing profit-taking for the remaining 40% - when the price retracts by 15% from its peak, it will be automatically liquidated.
This method allows you to monitor the entire main upward trend without wasting any effort.
Now, let's talk about stop-loss.
My basic rule is: no single loss should exceed 5% of the capital.
For example, if I invest $10,000, I should stop the loss when the floating loss reaches $500.
Regarding specific operations, I prefer to use "conditional orders" to set up orders in advance: after buying, I immediately place a stop-loss order at -10%, just as if I were making a trade deal. Do not worry about missing the opportunity; opportunities are always present in the world of cryptocurrencies, but once the capital runs out, it disappears completely.
I recently discovered an unexpected trick: lowering the profit target.
Many always want to sell at the highest price, but they often miss the best opportunities.
Now, as long as I can catch the largest part of the fish, I am satisfied, leaving the tail for others - this is what allowed me to achieve a steady profit of 35% this year.
Finally, let me say something from my heart: over the past ten years, I have seen many stories of quick wealth, but more people exhaust their capital in repeated fluctuations.
Those who can really make profits are always the ones who apply discipline wisely.
I remember once I stopped the loss and the currency price doubled again; my friends mocked me for my caution, but I do not regret it - because after three months, the value of the currency dropped to zero.
Being alive in the world of cryptocurrencies is much more important than making quick money. In the past, I stumbled in the dark alone, and now the light is in my hands.
